Total nonfarm payroll employment continued to trend down in May (-49,000).
Thing is, that's a 'net-net' number... and 'good jobs' (read those you could actually live on v minimum wage hairnet & nametag positions) declined by > 150,000!
Some basic math for the kool-aid drinkers out there that are all warm and fuzzy about John Sydney McCain III's* 3.0 rev of BushCo.
(*that's right, with a name like that of course he went to a private, segregated, ALL MALE boarding school in Northern Virgina...he wuld have gotten his ass KICKED in public school!)
Yup,... i agree (and so did the market), a loss of 49,000 non-farm jobs off the national payroll sucks.
Only thing is, it wasn't 49,000, it was MUCH MUCH worse. It ALWAYS is. The number that the labor Department reports the first Friday after a trailing month is a NET NET number.
The REAL non-farm payroll jobs lost last month was actually more thn 3X higher!!:
Construction > -34,000
Manufacturing* > -26,000
Trade, transportation, and utilities > -41,000
Professional and business services > -39,000
and* Thus far in 2008, monthly job losses in manufacturing have averaged 41,000 compared with 22,000 a month in 2007 and 14,000 a month in 2006.
so, REAL jobs (fair wage for fair days work manufacturing jobs) loss(es) are ACCELERATING from 2006 > 2007 and into 2008!
but !! (starving) commissioned real estate agents postions are UP !
so are, hairnet** (food service) jobs but...
** "job growth in this industry has slowed recently. Employment gains averaged 12,000 per month from November through May,compared with 27,000 per month during the first 10 months of 2007." so, you'd better get cracking even the hairnet jobs are drying up AND you're gonna have to compete with that summer HS crowd.
i hear 9/11-9/11-9/11 > terror-terror-terror & anti-gay marriage will be 'playing' AGAIN this summer, new cast McSame et al, and same puppetmaster (Rove et al).
can we expect that you IDIOTS will keep right on voting re-THUG aginst your own economic best interests ? - or - can we look forward to y'all 'sacking up' and not letting these fearmongers frighten you into gettin' your panties in a bunch and putting your sorry asses in the hands of the (BAD) 'daddy's...again?