Only 38,000 Jobs Created in May, Lowest Since Sept. of 2010

[jamesbond]

WASHINGTON—U.S. companies hired at the slowest pace in more than five years in May and nearly half a million people dropped out of the labor force, clouding the outlook for Federal Reserve officials ahead of their policy meeting this month.

Nonfarm payrolls rose by a seasonally adjusted 38,000 in May, the weakest performance since September 2010, the Labor Department said Friday, missing the estimate of economists surveyed by The Wall Street Journal by over 100,000.

Revisions showed employers added a combined 59,000 fewer jobs in April and March than previously estimated. Together, May’s weak job growth and the revisions bring the average monthly job gains in the past three months to 116,000, a sharp slowdown from the average 219,000 growth over the prior 12 months.

“Not even a magician can take this number and make it sound good,” said Quincy Krosby, market strategist at Prudential Financial.

The unemployment rate, which is obtained from a separate survey of U.S. households, fell to 4.7% in May from 5.0% in April as fewer people looked for work. Economists surveyed by the Journal had predicted payrolls would rise by 158,000 and the unemployment rate would hold steady.

The decline in the unemployment rate was driven by 458,000 people leaving the workforce. The labor-force participation rate fell to 62.6% in May, down 0.2 percentage point from April.

“This was an unqualified dud of a jobs report,” said Curt Long, chief economist at the National Association of Federal Credit Unions, noting “the unemployment rate fell, but for the wrong reason as labor-force participation declined for the second consecutive month.”

In May, 7.4 million workers who wanted a job couldn’t find one. And a broad measure of unemployment that includes Americans stuck in part-time jobs or too discouraged to look for work held steady at 9.7%, unchanged from April.

http://www.wsj.com/articles/u-s-added-o ... 1464957215

[w.p.o.]

Caught it on drudge report (love drudge). But guess what? I heard abc news mention it also! I thought I was hallucinating. Can't believe it. Liberal media exposing obama a little bit. That's not how the government media complex is suppose to work. Someone's getting fired.

BUT don't expect them to report the ultra violent (and "tolerant") anti-Trump protesters in action.

[jamesbond]

This video sums up the May job numbers (which were the worst since September of 2010).

[youtube]http://www.youtube.com/watch?v=u-nnzcr0i6U[/youtube]

[jamesbond]

Here is Peter Schiff talking about the horrible job numbers for May.

[youtube]http://www.youtube.com/watch?v=b1bIcyEk5tE[/youtube]

[jamesbond]

This just out today, "The already weak payrolls growth from May was revised even further downward, to 11,000."

The real unemployment rate is 23.4% per Bloomberg & Forbes.

[Ghost]

.

[Nomad]

Those numbers show nothing of a "recovery" that Obama is getting praised for right now..

The real math numbers that are being covered up tell the truth. The dollar is worthless and we are in the greatest depression since the 1930s.

[Moretorque]

Joseph Goebbels said if the lie is repeated enough people will go for it, he was the head Nazi propagandist.

This sounds more like a line from our real rulers who operate out of the CITI!.............

[Moretorque]

Those numbers show nothing of a "recovery" that Obama is getting praised for right now..

The real math numbers that are being covered up tell the truth. The dollar is worthless and we are in the greatest depression since the 1930s.

As soon as all the socialist welfare gets cut out LOOK OUT!

Blackman gonna KILL YOU!

[livefreeordie]

at least if hitlery gets elected, there will be lots of new openings in re-education camps, homeland security spy units, and gun confiscation death squads