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Private sector axes 532,000 jobs in May... Developing...

Discussion in 'Political Zone' started by JBond, Jun 3, 2009.

  1. JBond

    JBond Well-Known Member

    6,731 Messages
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    Half a million a month are losing their jobs. Good thing Obama is here. We would have lost at least 10 million last month alone if it was not for him. Create and save. Way to go BO.

    Private sector axes 532,000 jobs in May... Developing...

    NEW YORK (Reuters) - U.S. private employers chopped more than half a million jobs in May, signaling job conditions remain tough and dashing some hopes the economy was not deteriorating as rapidly as thought, a report on Wednesday showed.

    U.S. companies axed 532,000 jobs last month, though this was fewer than the revised 545,000 jobs lost in April, according to the ADP National Employment Report.

    The April figure was originally a decline of 491,000.

    The median forecast of economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for a loss of 520,000 private-sector jobs in May.

    The ADP job reading is seen as a predictor of the government's monthly payroll figure. The Labor Department will release its May employment report at 8:30 a.m. on Friday.

    The median forecast for the government payroll figure was a decline of 520,000 in May, compared with a 539,000 drop in April.
  2. Bach

    Bach Benched

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    Hope and change!!!!111!!!!
  3. ShiningStar

    ShiningStar Well-Known Member

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    he did save that 3.5 million jobs right? are those people safe? I really hope so. Hey can Acorn bus some people over to their houses and complain about it like they did AIG? Can i go? Those peoples jobs are safe right, Obama said so, and we all know Team Obama does not do wrong?

    By the way, how did GM go, werent they to big to fail and giving them money would prevent them from bankruptcy?
  4. MetalHead

    MetalHead Benched

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    Change we can believe in.
  5. sbark

    sbark Well-Known Member Zone Supporter

    4,090 Messages
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    .........and Hugo Chavez making quips such as if he and Castro are not carefull........they will end up to the right of Obama.........

    CARACAS, June 2 (Reuters) - Venezuela's President Hugo Chavez said on Tuesday that he and Cuban ally Fidel Castro risk being more conservative than U.S. President Barack Obama as Washington prepares to take control of General Motors Corp.

    .........all good humor rooted in truth......

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