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Jobs Slowdown Adds to Global Fears, No "Recovery Summer" in Sight!!!

Oh no! The bullshit meter just popped Obama's bubble with a giant dose of reality. Unemployment goes UP, bullshit cliches like "Recovery Summer" go DOWN.....
U.S. job growth fell sharply, jolting financial markets and raising new questions about the strength of the nation's economy.

The U.S. added a paltry 69,000 jobs in May, the lowest total in a year. April brought only 77,000 new jobs, far lower than initially reported. The jobless rate climbed for the first time since last summer, to 8.2%. And the manufacturing sector, a previous source of strength, is slowing.

The slower growth deals a severe blow to President Barack Obama as he fights for re-election, giving Republicans new leverage.
The collection of dismal reports comes on top of growing fears about European and Asian economies, and sent stocks sliding Friday morning.

With the U.S. economy looking weaker than it did just sev


Added: Jun-1-2012 Occurred On: Jun-1-2012
By: yorba
Tags: unemployment, jobs, economy, markets, job growth slows
Location: Washington, District of Columbia, United States (load item map)
Views: 2490 | Comments: 20 | Votes: 1 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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