[mEDITate-OR:
not see that what looked so good last month...
look very bad this time.
Which only goes to prove that Presidents should NOT make economic predictions.
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As federal stimulus fades, private hiring falters
Surge in Census jobs in May masks underlying employment weakness
As the impact of government stimulus fades, job creation will have to come from growth in the private sector. The latest data on the job market weren't encouraging.
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Private employers stall hiring in May
U.S. added 431,000 jobs, most of which were for temp census workers
Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000.
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Video: |
June 4: Labor Secretary Hilda Solis explains why private businesses are pulling back on hiring in the dismal job market. |
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