More Bad News on Unemployment Numbers

Smooth move, Mr. President, you are destroying our economy with your left-wing policies, and I believe that it is intentional. Now, you are one step closer to your goal of executing the Cloward-Piven strategy of collapsing the economy so you can remake it in your socialist/Marxist image.

Anyone with any knowledge of economics would recognize that threats of tax and energy price hikes, as well as mandated health insurance, which most realize will increase in price, does not make for a climate of investment or job creation. Small businesses, the backbone of our economy, do not trust you and are unwilling to take the risks necessary to recharge our economy. Thus, the high unemployment figures continue.

That being said, the unemployment report for the month of May was pathetic, to say the least, as the Dow Jones industrial average nose-dived by 323 points to under 10,000 in reaction to the news. That's confidence in your economic policies, Mr. President. Yes, you got the unemployment numbers down by .2 of a point, but that was thanks to temporary jobs due to the Census.

You are well-qualified in creating government jobs, as they have been growing by leaps and bounds since early 2009. But, somebody has to pay their wages. Where will that money come from, Mr. President?

You and your cronies should be imprisoned for what you are doing to our childen and grandchildren, and their descendants after them, because this deficit is unsustainable.

Read more on the subject from Big Government:

Government Created 10x More Jobs than Private Sector in May
by Publius

"From the Associated Press:


'A wave of census hiring lifted payrolls by 431,000 in May, but job creation by private companies grew at the slowest pace since the start of the year. The unemployment rate dipped to 9.7 percent as 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.

The unemployment rate, which is derived from a separate survey than the payroll figures, fell to 9.7 percent from 9.9 percent. The dip partly reflected 322,000 people leaving the labor force for a variety of reasons.

All told, 15 million people were unemployed in May.

Counting people who have given up looking for work and part-timers who would rather be working full time, the “underemployment” rate fell to 16.6 percent in May from 17.1 percent in April. Even with the drop, the high underemployment figure shows how difficult it is for jobseekers to find work.

Employers across a range of industries last month added jobs at a slower pace—or cut them. Factories, professional and business services, leisure and hospitality companies, and education and health care firms all slowed hiring. Financial services, construction companies and retailers all pared jobs. Government, however, led the way in hiring, adding a whopping 390,000 positions last month.'


Continue reading here. Keep in mind that the overwhelming majority of those government jobs are temporary."