The good news? 411k new jobs in May. The bad news? Only 41k were private sector...the rest were Census temp hires.
This is not, by any stretch of the imagination, good news. The stimulus is running out. We're only in positive territory because of that. The deficit cutters are back in control, and when they cut off spending, our economy will plummet into depression for sure.
As awful as 2010 is, 2011 will be far, far worse.
LESS THAN 10% WERE PRIVATE SEC...oh you covered that
ReplyDelete<_<
>_>
Well this is odd, good for you!
I concur, unemployment even with the new jobs is at 9.8% still. We're a long way from being out of the woods..