Unemployment up to 8.2% – 69,000 jobs created
I’m writing this at 8:46 a.m. ET, and Drudge has had the siren up for at least 12 minutes, while CNN is still behind the curve reporting the following.
CNNMoney is still reporting the following. I’m certain it will be updated at some point, but the article was posted at the end of the business day yesterday, and had not been updated by 8:48 a.m. ET. (Update: I think they just updated it.)
How does Drudge get the information up so quickly compared to CNN? Remember, the April figures were revised down to 77,000. The original number was something like 125,000 jobs created in April.
NEW YORK (CNNMoney) — Don’t expect to see a jobs comeback on Friday.
The economy was expected to have added 150,000 jobs last month, according to economists surveyed by CNNMoney. They project that the jobs report for May will show the private sector expanded payrolls by 162,000 jobs, but the government shed 12,000 positions.
The unemployment rate should hold steady at 8.1%.
All eyes are on Friday’s numbers, after April’s jobs report showed surprisingly weak growth of just 115,000 jobs, a significant slowdown from January and February, when more than 200,000 jobs were created each month.
So everyone expected the numbers to be plus 150,000 jobs and the unemployment rate would remain at 8.1 percent. As it turns out, the Bureau of Labor Statistics have estimated 69,000 jobs created and an unemployment rate of 8.2 percent.
Undoubtedly, those numbers will probably be revised downward in 30 days.
Here is the screen shot from the CNN story, since it will soon be pulled or re-written.
Not good, no matter how one slices it.
…. and long before noon, the White House had issued a statement explaining the numbers and well, blaming it on….. Bush!
If this administration is still blaming the previous presidency three years and five months after being inaugurated then they are demonstrating that they are not fit to lead.? Obama should do what LBJ did for the ’68 election.
And, when blaming Bush didn’t get much traction, the President also blamed the “problems in Europe”.?
As David Axelrod would say, “where is a good tsunami, or earthquake or hurricane?when we need it”?
Dems have gone from “the buck stops here” to “pass the buck”….
Who else? W seems to be a permanent scapegoat. Personally, I expect more imagination from the Left brainers.
Good thing they can’t lay off us retirees, aint it?
There is plenty of blame to spread around, including the White House.
Decades from now, liberals will still be blaming President George W. Bush.
Who was to blame for Jimmy Carter’s entire presidency?? Surely there must have been someone?
Somehow it has lodged in the zombie brains of our elected officials that government spending cures all ills. Sorry my Republican friends, but I must include Bush in this camp.? O’Hoover is just a particularly pernicious example.? FDR froze economic expansion during the Depression and to this day only a handful of rational economists will report on how this happened and why.? And yet here they are – two generations removed – still peddling the same garbage on the same street corner to the same innocents.
You seem to be basing this on the premise that they actually intend to solve problems but I suspect they only pay lip service to that in order to placate us.? A couple have actually come out and said that they see a crisis as an opportunity and a good politician never lets one go to waste.? It alters our thinking so that we support policies that we wouldn’t otherwise.
Somehow the population needs to root out of its collective consciousness the notion that government is a solution to anything- unfortunately we’ve been too deeply programmed.? Government is only good at helping itself and its supporters.? Partisan politics is likely theater put on for us monkeys.? Underestimating elected officials on the premise that they intend well for us is very, very dangerous.
I agree President George W. Bush spent too much money. However 9/11 was on his watch so I will give him a pass for the war intelligence gathering. Unfortunately,?
I did not think we should have given so much money for the African Aides Program. Sorry, but money to Africa is like putting sand in a sieve.
I hereby proffer the term “?bamalaise” to address the ongoing economic death spiral….
How Carteresque….. time to resurrect the misery index as a talking point??
Obamalaise is that a French based word? Well, it must be Euro-based.?
I doubt that anybody enjoys any kind of? “malaise” (except for some “masochists”).
Or those responsible and up for election….
Nawwww, not even those. Perhaps people posting on this blog??
I doubt anyone here likes the lousy ?bama economy, and like the fact that the tyro in chief is actually making things worse vs. simply keeping his head above water.??
The best you can get out of this depressed economy is a silver lining in that it might serve to flush ?bama out of the WH, and maybe take some Senate Dems with him.
Yup ,you’re right! It’s time to stop blaming Bush and blame the real culprit for economic mess, RVO ?
Blame begets blame. Nothing gets done. Congress must love to sit on its hands and let their electors get angry and frustrated with each passing day. It’s Congress that passes laws, the President carries them out (sometimes).
Don’t neglect the role of the obstructionist Senate, where bills (hundreds of them) go to die.
I agree wiTh all that you wrote. But the blame still lands with the President, ultimately. It?
Is his administration and advisors that carry out the laws. Harry Truman looks better and better to me with each day of watching President Obama campaigning and abandoning his responsibilities.
I believe that the Senate is one of the arms of Congress, Dims. It’s included in my remark.
I realize that Sammy,? I simply wanted to emphasize the role of the Senate while accomodating the media produced perception that Congress is the House (particularly when it comes to the abysmal poll numbers that Congress gets).