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Thread: May employment report: Economy adds 175K jobs

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    May employment report: Economy adds 175K jobs

    May employment report: Economy adds 175K jobs - CBS News

    The U.S. economy added 175,000 jobs in May, a gain that shows employers are hiring at a still-modest but steady pace.

    The Labor Department said Friday that the unemployment rate rose to 7.6 percent from 7.5 percent in April. The increase occurred because more people began looking for work, a healthy sign. About three-quarters found jobs. The rest added to the ranks of the unemployed.

    The government revised the job figures for the previous two months. April's gains were lowered to 149,000 from 165,000. March's figure was increased slightly to 142,000 from 138,000. The net loss was 12,000 jobs.

    Employers have added an average of 155,000 jobs in past three months, below the average of 237,000 created from November through February.
    A modest figure, but one that exceeded expectations by a slight amount. Also important to note is the loss of 14,000 positions at the federal level, reflecting budget cuts, and a sizable decline in manufacturing employment (8k). The full and official report can be found here:

    Employment Situation Summary
    Last edited by a351; 06-07-13 at 06:37 PM.

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    Re: May employment report: Economy adds 175K jobs

    So unemployment went up but we like headlines that will make people believe it went down???

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Fisher View Post
    So unemployment went up but we like headlines that will make people believe it went down???
    First Google result from an applicable news source bud. I'll do you a solid and bold the portion of my quote that specifically references the uptick in the rate though.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    First Google result from an applicable news source bud. I'll do you a solid and bold the portion of my quote that specifically references the uptick in the rate though.
    Where do you think I got the info from? I just find CBS's headline misleading.

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    Re: May employment report: Economy adds 175K jobs

    As long as MacDonalds and Walmart stay in business, there will be excellent jobs for everyone. This is a good illustration of why we need a minimum wage or manufacturing would have added quite a few $2 an hour jobs.

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    Re: May employment report: Economy adds 175K jobs

    Are you suggesting "bias" in a jobs report?
    September jobs report: Unemployment rate tumbles - Oct. 5, 2012

    Say it aint so? This was under 30 days prior to the election of course and someone "needed" it pretty bad to keep his job.


    Quote Originally Posted by Fisher View Post
    So unemployment went up but we like headlines that will make people believe it went down???

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by CalGun View Post
    Are you suggesting "bias" in a jobs report?
    September jobs report: Unemployment rate tumbles - Oct. 5, 2012

    Say it aint so? This was under 30 days prior to the election of course and someone "needed" it pretty bad to keep his job.
    Well the jobs report has always been a bit of a snapshot through a filtered lens with blinders in place, but I am more pointing out CBS's headline on the piece, while factually accurate, will lead people to the wrong conclusion if they do not pay much attention to the details.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by CalGun View Post
    Are you suggesting "bias" in a jobs report?
    September jobs report: Unemployment rate tumbles - Oct. 5, 2012

    Say it aint so? This was under 30 days prior to the election of course and someone "needed" it pretty bad to keep his job.
    Absurd. If Presidents could influence employment figures with such ease, one would think the unemployment rate would reside at a significantly lower rate.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    Absurd. If Presidents could influence employment figures with such ease, one would think the unemployment rate would reside at a significantly lower rate.
    Dept of Labor is becoming a laughingstock.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Fisher View Post
    So unemployment went up but we like headlines that will make people believe it went down???
    The headline was about new jobs, not unemployment
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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