Quantcast
Channel: SilverOz
Viewing all articles
Browse latest Browse all 52

A Horrible Jobs Report (only 20,000 non-census jobs)

$
0
0

The Bureau of Labor Statistics (BLS) released today the May 2010 Employment Situation Report and it showed (even sans census) a horrible report for the month.  The headline Establishment Survey jobs number was 431,000 (20,000 ex-census) and the Household Survey showed a LOSS of 35,000.  The unemployment rate came in at 9.7% and the labor force SHRUNK by 322,000 (which is why the rate went down).

UPDATE: This is a very interesting jobs report, as U-6 fell by .5% and those not in the labor force, but want a job also fell.  The unadjusted numbers are also worth noting, as the Establishment Srvey showed a gain of 1,090,000, while the Household Survey showed a gain of only 195,000 (obviously May has a fairly large negative adjustment, which was completely normal).  

It does appear that the jobs gains have taken a step back, at least for a month.

Update 2: The much maligned birth/death adjustment for May was 215,000 jobs.  Do with this as you choose.


Viewing all articles
Browse latest Browse all 52

Latest Images

Trending Articles



Latest Images

<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>