Friday, July 2, 2010

Job losses return for first time in 2010 (the first time???)

Job losses return for first time in 2010 - Jul. 2, 2010:
"NEW YORK (CNNMoney.com) -- The U.S. economy lost jobs in June, for the first time this year, as modest hiring by businesses only partly offset the end of census jobs.
The Labor Department on Friday reported a net loss of 125,000 jobs in the month. That was due primarily to the loss of 225,000 census jobs that had swelled payrolls by 433,000 net jobs in May. Economists surveyed by Briefing.com had forecast a loss of 100,000 jobs in June."

And there goes the "census jobs bubble", a clever hyperbole to skew the true (and sad) state of the economy and the job market. We didn't lose jobs for "the first time" this year, the bogus census jobs don't count, we've been steadily losing jobs for a while now.

If only the Feds put in as much effort in helping small businesses to CREATE jobs, rather than waste time juggling numbers to protect their OWN jobs.