Latest Job Growth Numbers Are "Anemic"

Written by FrumForum Editors on Friday June 4, 2010

Politico reports on the newest, and most disappointing numbers, on job growth:

The nation's economy added 431,000 jobs in the month of May, and the unemployment rate dipped to 9.7 percent, the government reported Friday.

The job growth is lower than many expected and will not provide a boost to the Obama administration, which has been struggling to demonstrate that its economic policies are helping to ease the nation's epic unemployment problem.

The government said that 411,000 of the jobs created in May were temporary positions with the once-a-decade U.S. census and not the kind of employment that can drive a sustained economic recovery. That meant that the overall private sector employment growth for the month was anemic — up by just 41,000.

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Category: Middle Rail