Non Farm Payrolls Come At -226K After Census (411K), Temporary (31K), And Birth-Death Adjustment (215K)

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Fri, 06/04/2010 - 08:43 | 394256 Trichy
Trichy's picture

LiesMan just swallowed his false teeth.

Fri, 06/04/2010 - 08:44 | 394267 Citizen of an I...
Citizen of an IKEA World's picture

You can't have Liesman without lies.

Fri, 06/04/2010 - 08:43 | 394257 MyFriendMises
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Obama might have made his biggest political blunder by touting the strong job numbers this week.  He is the primary reason if their is a collapse.

Fri, 06/04/2010 - 08:45 | 394271 E pluribus unum
E pluribus unum's picture

At least he has a job...but it's looking more and more temporay every day.

Fri, 06/04/2010 - 09:11 | 394332 ISEEIT
ISEEIT's picture

My oldest son and his girlfriend have been 'employed' by a temp agency for six weeks. He has actually worked, been paid, for less than forty hours during that time despite having shown up at the agency every weekday during the six week period. I wonder how many such 'jobs' are being counted?

Fri, 06/04/2010 - 08:45 | 394274 Duuude
Duuude's picture

 

He's toast, frightening how incompetent this admin. is.

Fri, 06/04/2010 - 11:47 | 394866 RockyRacoon
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Since we are throwing around links and graphs and stuff -- check out the Chart of the Day:

http://www.chartoftheday.com/20100604.htm?T

Fri, 06/04/2010 - 12:07 | 394917 Cognitive Dissonance
Cognitive Dissonance's picture

Now that's an ugly baby.

Fri, 06/04/2010 - 12:28 | 394992 MyFriendMises
MyFriendMises's picture

deleted

Fri, 06/04/2010 - 08:48 | 394288 Cursive
Cursive's picture

Overpromise and underdeliver.  FAIL.  He and Biden are just sound bite dummies.  There is no "modesty" switch in their brains.  He was desperate, somebody told him in a hallway the numbers looked "good" and he ran with it.

Fri, 06/04/2010 - 10:04 | 394480 Brett in Manhattan
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As someone who was willing to give Obama a chance, I get a vibe from him that he thinks the President's job is to be a motivational speaker. He doesn't seem to care for the managerial part.

Fri, 06/04/2010 - 10:47 | 394614 Village Idiot
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+1

Fri, 06/04/2010 - 10:59 | 394663 Rich V
Rich V's picture

obama - the community organizer in chief!

Based on his previous resume what did anyone expect?

Fri, 06/04/2010 - 11:36 | 394810 ColonelCooper
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Then the arrogant SOB has the stones to stand up this morning and say that Even if you subtract census hiring, the number is still positive and shows signs of recovery.

The only sad part is that 40% of Americans will believe it.

Fri, 06/04/2010 - 09:36 | 394424 knukles
knukles's picture

My thoughts similarly, the Tipping Point.  With the "A Thousand Brilliant Jobs Report" in conjunction with the "I am in Charge." posturing over the GoM leak, credibility is Decimated.  His Own Kind shall Begin Feasting upon the (Not Symbolic) Body of the Messiah.     

Further, time enough has passed, the Administration, Indeed, All of Washington Now Owns the Game, Lock, Stock and Barrel. 

The Employment Report is Prima Facie Evidence that the Neo-Keynsian, Tax and Spend Model indeed exhibits a Negative Multiplier Effect.  Game Over.  

Forget not, Further Ruminations regarding the merits and demerits attached to the Color of the Jersey Donned by any Kabuki Cheering Section of the Only Party in Power are exactly the Diversion Needed for Further Cover of Additional "Altruistic" Agendas in order to Prolong the Looting.   Never Let a Good Crisis Go To Waste - the Mantra, the Movie.

Narcissists, Community Organizers or Visionaries, it Matters Not, for Effective Release from the Maws of Social, Political and Economic Tyranny are Desperately Necessitated.

Fri, 06/04/2010 - 11:19 | 394751 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Obama: Let Them Eat Hope.

Fri, 06/04/2010 - 08:43 | 394258 Handle with care
Handle with care's picture

Holy Crap!

Anyone deny double dip now?

 

Fri, 06/04/2010 - 08:47 | 394279 snowball777
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Leo, the disciple of Ra.

Fri, 06/04/2010 - 09:20 | 394373 whatsinaname
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Meanwhile headline on CNN - Jobs in May jump !!

 

Fri, 06/04/2010 - 10:41 | 394591 RichardP
RichardP's picture

"Jobs in - may jump!!"

Fri, 06/04/2010 - 12:13 | 394945 hound dog vigilante
hound dog vigilante's picture

Seriously... where is Leo K. ?

I was so looking forward to his re-cap of 'improving fundamentals' this morning...

He must be dialed into the CNBC/MSM/White House conference call... subject: revised economic talking points, or how to ignore a depression.

 

Fri, 06/04/2010 - 08:47 | 394281 Cognitive Dissonance
Cognitive Dissonance's picture

Never underestimate the capacity for humans to deny everything, including our own existence.

Fri, 06/04/2010 - 08:50 | 394293 UGrev
UGrev's picture

Does that mean I can deny my existence and stop paying taxes? 

Fri, 06/04/2010 - 08:52 | 394303 MyFriendMises
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you might not have to since the Govt might have a problem when they stop paying the salaries of the people at the IRS.  Or more likely make their salaries worthless through QE.

Fri, 06/04/2010 - 09:10 | 394326 SWRichmond
SWRichmond's picture

No, that will just make them mean.

Fri, 06/04/2010 - 10:25 | 394448 Crab Cake
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I think you have that backwards CD.  I believe humans are denying their in-existence. Appearance Emptiness.  There is no solid thing to find, just evershifting causality. When one looks for one's self, there is no self to find, if one looks diligently.  The false ego, satan by any other name, is the root of evil, and the need for more and more and more to substantiate the inexistent.

It is not Kant's, "I think therefore I am."

It is Exodus's, "I am that I am."

There is nothing but conciousness, and conciousness is all that passes through it without limitation or impediment; everything and nothing in and of itself.  The paradox of being.

What is this existence you speak of?

Row, row, row your boat, gently down the stream, merrily, merrily,merrily, life is but a dream.

Fri, 06/04/2010 - 11:20 | 394757 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Oh snap. Queensryche was correct all along.

Fri, 06/04/2010 - 11:22 | 394767 Bolweevil
Bolweevil's picture

don't forget Popeye, "Iyam what Iyam!" ;)

Fri, 06/04/2010 - 11:25 | 394774 Cognitive Dissonance
Cognitive Dissonance's picture

CC

I like the row boat analogy. :>)

In my defense, I was trying to briefly outline the case for extreme denial, not be factually correct about the dream like nature of our reality.

But I appreciate the fact that you quite obviously have given a great deal of thought to this subject and you're hot on the trial of the big picture. You will enjoy the rest of my series as I drive towards this point.

Fri, 06/04/2010 - 12:05 | 394908 Crab Cake
Crab Cake's picture

No defense necessary, it's just discourse.

CD

I hope I'm hot on the trail of true evolution, enlightenment, and pulling the plank from my own eye.  Though I stumble on the rocks regularly and routinely, may I be foregiven and have the strength to forgive myself.  Only when this is achieved will I be able to truly help the masses who are suffering in their ignorance, as I have with mine and still do.

May the light fill me.  May I shine like a beacon in the night, that my words might soothe, and that my hands might heal.  May that I find my place in the palace of heaven here on earth within myself, and bear its burden in this world upon my shoulders; a pillar of light to hold up the righteous hall.  May the narrow path be clear.  May the seeker find. May the door be opened.

I always enjoy your posts CD, and I do look forward to them.  Shine the light brother, nothing can stand before it.

Fri, 06/04/2010 - 11:41 | 394832 old_turk
old_turk's picture

"It is not Kant's, "I think therefore I am."

You are correct it isn't Kant, it's Descartes.

 

Cogito ergo sum.

 

Although 'ergo sum, cogito' does have a certain je ne suis qoui about it.  :-)

Fri, 06/04/2010 - 11:49 | 394883 RockyRacoon
RockyRacoon's picture

Descartes is sitting at the bar at closing time.

Bartender asks him if he wants one for the road.

Descartes says, "I think not."

Then he disappeared.

Fri, 06/04/2010 - 12:10 | 394933 Cognitive Dissonance
Cognitive Dissonance's picture

LOL Brilliant! :>)

Fri, 06/04/2010 - 12:11 | 394904 Crab Cake
Crab Cake's picture

Oops on Descartes - Kant.  What can I say?

Fri, 06/04/2010 - 16:27 | 395783 RockyRacoon
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No biggie.  Here's one from the best of Monty Python:

http://www.youtube.com/watch?v=xQycQ8DABvc&feature=related

Fri, 06/04/2010 - 19:14 | 396131 plongka10
plongka10's picture

+2010

I sang that rhyme to all my kids. So true

Fri, 06/04/2010 - 09:35 | 394357 Shocker
Shocker's picture

Nah, I think its pretty clear were we are heading. The problem this time is they tried to spin the numbers, and it just looked awful. Normally they can do it, and everyone is amazed. The temporary Census Workers really shouldn't even of been counted, they are fake jobs. And if you read the article from above, by the time you make all the adjustments to Birth-Death, Temp... It works out to be nothing. The lies amaze me, hopefully by now no one believes them.

http://www.dailyjobcuts.com

Fri, 06/04/2010 - 11:00 | 394668 Rusty_Shackleford
Rusty_Shackleford's picture

Also keep in mind the "Census Worker" job numbers are being goosed (maybe by a factor of 2-4X).

 

http://www.nypost.com/p/news/business/two_more_census_workers_blow_the_O...

http://biggovernment.com/publius/2010/06/01/census-workers-blow-whistle-...

Fri, 06/04/2010 - 11:46 | 394860 Trichy
Trichy's picture

Bob Januah(?) has raised his global QE target to 10-15 TRUSD! Don't give up Benny your doing a great job!

Fri, 06/04/2010 - 08:44 | 394259 What_Me_Worry
What_Me_Worry's picture

But the unemployment rate fell.  CNBC can focus on that today.

Fri, 06/04/2010 - 08:48 | 394283 SDRII
SDRII's picture

Yes the labor force conveniently down 350K or something with the unemployed falling 250K or so. Nice move. Lol

Fri, 06/04/2010 - 08:51 | 394297 E pluribus unum
E pluribus unum's picture

No, they just ran out of UI benefits so they don't count. In an unrelated issue, watch the number of convenience store robberies soar.

Fri, 06/04/2010 - 10:28 | 394552 JohnG
JohnG's picture

Strategic Suicide....

Fri, 06/04/2010 - 11:45 | 394848 A Nanny Moose
A Nanny Moose's picture

We are due for an SNA/Patty Hearst type event.

I mean, would we really miss Paris Hilton, or her little Taco Bell dog?

Fri, 06/04/2010 - 08:44 | 394260 AUD
AUD's picture

Leo Kock Kovaki, is looking the fool anyway.

Fri, 06/04/2010 - 08:48 | 394286 snowball777
snowball777's picture

He'll point to manufacturing...and maintain that all the new jobs as undertakers are green shoots.

Fri, 06/04/2010 - 08:44 | 394262 jbc77
jbc77's picture

That jobs report straight stunk. Mix in dollar funding crisis in Europe and you've got the recipe for freaky Fridays, gonna be a nervous weekend as well. Why hold equities over the weekend? Dumping will occur promptly, hopefully the market doesn't go no bid on the downside.

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