Job growth disappoints

From POLITICO:

The government said that 411,000 of the jobs created in May were temporary positions with the once-a-decade U.S. 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.

The number of "long-term unemployed" people — those who have been out of work for 27 weeks or longer — remained the same as the month before, at 6.8 million, the government said.

Friday’s number was worse, politically, than that reported in April, when the government said the economy gained 290,000 jobs, more of which were in the private sector. The unemployment rate that month was 9.9 percent.

Job growth disappoints - Eamon Javers and Ben White - POLITICO.com

Originally posted at THE CENTRIST