Latest jobs report
Jun 1, 2012, 8:55 AM | Updated: 9:05 am
“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.
-
Tune in to KIRO Newsradio weekdays at 5am for Dave Ross on Seattle's Morning News.
