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Today, the Bureau of Labor Statistics announced that the U.S. economy added a better than expected 290,000 jobs last month. The BLS also revised the jobs number for both February and March upwards, putting both of those months into the black in terms of job creation. (Due to 805,00 discouraged workers "feeling better about their prospects" and resuming their search for work, the unemployment rate actually ticked up to 9.9 percent.)
| Latest Job Report Refutes Republican Claim That Stimulus Created Only Government Jobs | Think Progress | Fri May 7 | 6 |
I've linked to it before but I'll say it again. Democrats should be plastering this graph on every television station in the country starting in the late summer.
It'll take a hell of a strong argument from the GOP to convince Americans to vote against the trend-line on that graph.
I've been posting it around, but for some reason good news doesn't spread as well as bad it seems.
Well, everybody's got something to gain from NOT believing it apparently. This current administration could win both wars, secure our borders, and make money rain from the sky and they would STILL get slammed for it. What a shame for America!
I wonder how many of the "discouraged" unemployed feel that way due to the constant negativity coming from Washington Republicans. They take every opportunity we have to start to feel good about ourselves and @!$%# on it. They are not helping us get better, they are trying to make us feel worse.
The word shame doesn't even start to cover it.
You know I've wondered that myself. The latest report on consumer confidence being "shattered" came right on the heels of that bogus unemployment chart on Faux. I'm thinking if certain news outlets, politicians and pundits stopped trying to make it look as bad as possible maybe consumers would have a little more confidence.
Thes numbers are not nearly as positive as the spin Think Progress is putting on them. Link provided in seeded story:
http://www.bls.gov/news.release/empsit.b.htm
The numbers in March and April reflect a "surge" in the "Private service sector" as TP points out, but a large portion of those gains are in the Business Services sector, which are likely gains incurred every tax season and a large chunk are "temporary services" as well, which means they will be offset by job losses in the coming months. Also, if you look at the numbers for May, Government jobs account for 90% of the gains (390,000 out of 431,000 jobs), likely due to temporary census workers and gains in the private sector fell by nearly 90% from the previous two months of gains (376,000 to 41,000), because new inventory and tax workers are no longer needed. Taking the May numbers into account, the two-month "surge" reported in this story will likely be temporary and un-sustainable.
I wouldlove to say the economy has turned a corner and is on track, but uncertainty still rules. By August the picture will be more clear and hopefully you can all point out that I was wrong.
It'll take a hell of a strong argument from the GOP to convince Americans to vote against the trend-line on that graph.
No... the graph with government jobs factored out and May (41,000 jobs) and June (13,000 jobs) added in will speak for itself. After a two month temporary "surge" the "trend line" is decidedly negative over the past two months.
http://www.msnbc.msn.com/id/37919340/ns/business-stocks_and_economy/
I expect the trend line will be a flat line at best for the forseeable future.
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