I told you earlier that, if Obama didn't hire more temporary government employees, the unemployment rate would go back up in May. Today, I saw this article on Yahoo News.
Economy adds 431K jobs but few in private sector
By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer
WASHINGTON - Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work.
The Labor Department's new employment snapshot released Friday suggested that outside of the burst of hiring of temporary census workers by the federal government many private employers are wary of bulking up their work forces.
That indicates the economic recovery may not bring relief fast enough for millions of Americans who are unemployed. Virtually all the job creation in May came from the hiring of 411,000 census workers. Such hiring peaked in May and will begin tailing off in June.
By contrast, hiring by private employers, the backbone of the economy, slowed sharply. They added just 41,000 jobs, down from 218,000 in April and the fewest since January.
So, out of 431,000 new jobs in May, 411,000 were temporary government jobs, and the rest, 20,000 (some one's math is off because 431,000 - 411,000 = 20,000 and not 41,000 - more smoke and mirrors?), were new jobs in the private sector. These Ocommie coincidences just keep piling up. Every time they need the unemployment figures to drop down from 10%, they just hire a few hundred thousand temporary government employees and count on hundreds of thousands of others to give up and quit looking for work so they won't be counted by the government. They deceptively do this to make it look like Obama is causing the economy to recover when, in fact, there is no recovery and things are getting worse.
Obama is nothing but smoke and mirrors and his commienomics will only keep making things worse. What do you want to bet that the next time Ocommie sees the unemployment figures about to hit 10% he hires another 400,000 temporary government workers? What do you want to bet that, in June, he uses this oil spill as an excuse to hire another few hundred thousand temporary government workers to help clean up the mess while keeping the unemployment figures below 10%. That is getting to be an easy prediction and I believe it is only time before enough Americans catch on so that it doesn't work, well, except for the terminally stupid, you know, the liberals.
Also note that a decline in private sector hiring from 218,000 per month to even 41,000 much less 20,000, in only one month is really terrible news for our economy. This should tell you that, in no way, is there a recovery taking place. Things are getting much worse and it is being covered up the the government hiring temporary workers. This looks more like more fecal matter hitting the fan than a recovery. Keep an eye on it.
The commie's decided a long time ago to ignore the people who give up finding work and quit looking so the government didn't have to include those people in the unemployment figures. OK, ignore this, we have over 400,000 people per month or almost 5,000,000 people every year who can't find work and are dropping out of the work force with no income. Just how long do you think the US can sustain that kind of growth in real unemployment before it destroys the US economy? Those people can't buy much of anything, can't contribute to the economy, and can only become a drag on it. Just how large can that one number get before it implodes the economy? I guarantee that, when those people do implode the economy, the government will be forced to stop ignoring them.
And, then why do we have so many economists and investment specialists saying that we are in any kind of recovery? Because they have huge amounts of their money stuck in the markets and are trying to encourage enough people to start spending money on those investments to keep these "experts" from loosing their butts. This is nothing more than psychology being used in a vain attempt to turn the economy around in order to save rich people's butts. Enough people are believing the lie and investing what money they have left that there is growth in those markets but, when that money runs out or even just starts to decline, the real fecal matter will hit the fan and nothing will save this economy because so many more people will have lost everything that there will be even less available cash for investments after the economy does finally bottom out which will just drag this depression on for years. They are doing the worst thing they could be doing by not letting this economy adjust out the problems caused by the commie's by going to bottom sooner.
It is time for revival on a global basis. Acknowledge your crimes against God's Laws, repent of those crimes, and seek the amnesty of our Lord Jesus the Christ. John 3:16 - For God so loved the world He gave His only begotten Son so that who so ever believes in Him will have everlasting life.