Woo! Party! Fewer than 100,000 jobs were lost last month. High fives, everyone! It could have been 100,000, but it wasn’t!
The unemployment rate stayed at 9.6 percent as the overall economy lost 95,000 jobs for the month. Most of that loss came from a decline in government employment, and particularly from a drop in temporary Census 2010 jobs. The private sector added 64,000 jobs for the month.
Good. We would rather be unemployed and destitute than have that Scary Big Government waste money by giving people jobs. [The Hill]Related