KK's Korner

No telling what’s being thought of in the mind of a lunatic

Jobs Prediction Blows

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Question I have for these “economists.” Do they have to meet payrolls of their own?

Employers hired far fewer workers than expected in May and the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan’s earthquake bogged down the economy.

Nonfarm payrolls increased 54,000 last month, the weakest reading since September, the Labor Department said on Friday. Private employment rose just 83,000, the least since last June, while government payrolls dropped 29,000.

Economists had expected payrolls to rise 150,000 and private hiring to increase 175,000 in May. The government revised employment figures for March and April to show 39,000 fewer jobs created than previously estimated.

Looks like we need to hire more government workers.

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Written by kkktookmybabyaway

June 3, 2011 at 6:21 pm

Posted in News

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