Friday, June 04, 2010

The new unemployment report...

...is good, but it could have been better. This from Politico.com:

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. That's less job growth than many expected, and will not provide a boost to the Obama Administration. The government said that 411,000 of the jobs created in May were temporary positions with the once-a-decade US 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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