ObamaNomics: Unemployment Rate Jumps To 9.1%, Weakest Job Growth Since September…
Disaster.
WASHINGTON (Reuters) – Employment rose far less than expected in May to record its weakest reading since September, while 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 Labor Department said on Friday, with private employment rising 83,000, the least amount since June. Government payrolls dropped 29,000.
Economists polled by Reuters 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.
The job creation slowdown confirmed the economic weakness already flagged by other data from consumer spending to manufacturing. It could stoke fears about the depth and duration of a slowdown that started early in the year.
Posted by ZIP on Friday, June 3, 2011, at 9:15 am | 
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And Obama’s busy with something really important, his re-election campaign.
Winning:(
If he blames it on George W. Bush, he must admit that his policies have had no impact on the problem.
If he takes the blame himself, he must admit that he’s an idiot.
So which is it?
.
@gastorgrab.
Oh,Oh, I know I know.. pick me ..
Well now, the Stimulus was going to keep unemployment under 8%, VP Biden said the Stimulus was working better than anyone expected, Biden said there would be 1/2 million jobs per month added, and Nancy Pelosi said that passing the Healthcare bill would immediately add 450,000 jobs.
How much you wanna bet that the 9.1% figure is a way low estimate, with REAL Unemployment closing in on 20%?
Watch the news shows and websites for the words, “unexpected and surprised” throughout the day.
Take away the Birth/Death adjustment of 206,000 and the Real NFP is: -150,000. T
http://www.zerohedge.com/article/birthdeath-adjustment-206000
Unemployment is in the double digits for sure… and it isn’t 9.1%
Real unemployment is at least in the mid teens, my guess 12% – 16%
So much lying and deceit not only from the government
but also from their lackeys in the state run media…
But the MSM still claims this guy’s unbeatable? Give. me. a. break.
http://twitter.com/#!/zerohedge
In the past 4 months, according to the NFP, the US has “added” 752K jobs. 610K of those are Birth/Death adjustments
Yeah right 9.1.%
It`s more likely to be that unemployment rose 9.1% in May.
His policies are above his paygrade.
All we have to do is tax the rich and everything will be better, right? I think this calls for another round of golf.
All according to plan for the radical elite.
Unemployment rate… Hah try doubling it, that’s reality.
Welcome to the new normal. Just like $5/gal gas.
That just gives Americans more time to join Dear Leader on the golf course.
Even NBC Nightly [Communist] News led off last night with a story about how bad the economic news was. If the Devil’s Media are forced to admit it’s bad, it’s extra bad.
A Communist regime can not create…. [you know by now.]
Hey, everything is fine. WH mouthpieces today are touting that “trend
upward” in employment and the economy as proof of the the Sedulous,
Sagacious Potentate’s wisdom in engineering the recovery. If you were
dropping acid, you might agree with this rhetoric.
The photo acompanying this article is inappropriate. It should be the punk presidents smiley, happy, clown face. The economy is going exactly as planned.
That’s because we have a FAKE and a FRAUD in the WH. And the administration that was created by the FAKE and FRAUD is staffed with SOCIALISTS and INCOMPETENT FOOLS.