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: Instapundit.comPHONEY-BALONEY JOBS: ?US stock futures extended their losses Friday after a report showed fewer jo?
By Glenn Reynolds
PHONEY-BALONEY JOBS: “US stock futures extended their losses Friday after a report showed fewer jobs were added to nonfarm payrolls last month and most of those were temporary census workers. US employers added 430,000 jobs to nonfarm payrolls in May, but 411,000 of those were temporary census workers. That number was also well short of the more than 500,000 economists had expected. The unemployment rate, however, fell to 9.7 percent from 9.9 percent in April.” Which was the goal, I suspect.
Full post as published by Instapundit.com on June 04, 2010 (boomark / email).
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