TCTI: Too Crazy Too Ignore
 Dave Ross

Latest jobs report

June 1, 2012 @ 8:55 am (Updated: 9:05 am - 6/1/12 )

"Bummer, bad report all the way around," said economist Mark Zandi. "There's no hiding, this is a pretty bad report."

Not happy news. Except maybe for Mitt Romney's campaign manager.

Net new jobs in May came in at a pathetic 69,000, and not only that, the employment numbers for March and April were revised downward.

And when that happens, consumer don't want to spend, which is the message of the Labor Department's other report released Friday.

"With the jobs numbers coming in pretty weak, it does suggest that we're not going to see a real strong summer season."

And yet, here's the strange thing, something else that economist Mark Zandi said: "If you look at American companies, they're in pretty good shape."

And the real picture is different.

"The reality is I don't think this is reality. I think the economy is stronger than this and that will shine through in the coming months."

In fact, if you call up Jennifer Grasz at career builder, she says, "I have companies like FirstGroup hiring over 10,000 workers in transportation. Wells Fargo hiring over 4,500 workers in financial services."

She just goes on and on with all the jobs out there: "AIG, CoinStar, Liberty Mutual."

And the health care jobs, over 340,000 new health care jobs since the beginning of the year.

"Community Health has 4,000 jobs open from everything from nurses to administrative positions," said Grasz.

OK. Cut it out. You're making us all feel like slackers.

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  • CH wrote...
    Mall cop at 36 . . . .
    June 3, 2012 8:32 pm
    O my good lord. At 60 I still can take down them old bats.
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  • SickofSeattleite wrote...
    maybe we are all just lazy???
    June 4, 2012 5:48 am
    I am working three part time jobs to support my family of 4 while my husband pursues a new career in web development.... nobody helps us we do not receive any handouts. I work hard!!! despite hour cut backs i continuously work hard to feed my family. I don't know ANYONE that works as hard as i do to make ends meet. Americans CHOOSE to do nothing about their unemployment problem.
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  • ron prevost wrote...
    Those who have always been self employed will do what they must.
    June 4, 2012 6:56 am
    Surprised yesterday when a younger Anglo guy rang my bell and offered to mow my lawn for $20. To feed his family. That's far less than even the 'illegals' who are taking the jobs Americans won't do.

    Of course, he was an ex real estate agent, so HAD no unemployment or such. We WILL do what we must. We can't depend on the Wizard of Oz.

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