Friday, June 4. 2010

Posted by Karl Denninger in Macro Economics at 08:57

Source The Market Ticker

"Non-Farm Payrolls 6/4: OUCH

"I told you so"

Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today. Private-sector employment changed little (+41,000).

So much for the "strong" (+200,000) private sector job growth that everyone was expecting. ........"

*****GRAPHS******

http://market-ticker.org/archives/2372-Non-Farm-Payrolls-64-OUCH.html