From Ed Morrissey at HotAir:
The White House leaked to several media sources that the number of new jobs would exceed a half-million positions, mainly through temporary Census Bureau expansion, and that the private sector would gain around 150,000…
Yeah, about that…
Here’s the reality:
- 95.5% of all job growth in May came from the government, as 411k temporary census workers were hired.
- Private sector employment, however, grew by only 41k jobs.
- Meanwhile, 322k people dropped out of the labor force.
And as a result of all that, Wall Street tumbled 3% today.
Heck of a recovery, wouldn’t you say?