ore on the jobs report from Geraghty:
<http://www.nationalreview.com/campaign-spot/200247/20-percent-mays-private-sector-job-gains-came-oil-spill>
Republican leader John Boehner's office sends along this eye-opening
analysis of the latest jobs numbers, from economist Larry Lindsey:
Employment in support activities for the mining industry was up
3 percent in the month, or 8,000 workers on top of a 5,000 job
gain last month. Given the otherwise flat performance of this
sector prior to the start of the spill in April, it is safe to
assume that much of these jobs are being created to clean up the
mess. So, it could be that as much as 20 percent of the net
private sector job creation in May was due to the oil spill.
This is not the type of job creation that is the kind that makes
one cheery about the long term prospects for the economy.
How do you ask a seagull to be the last creature to die for Obama's
effort to prop up sagging jobs numbers?
Posted by: hit and run <http://thevimh.blogspot.com> | June 04, 2010 at
01:23 PM
<http://justoneminute.typepad.com/main/2010/06/obama-cancels-asian-trip-will-emote-at-gulf.html?cid=6a00d83451b2aa69e20134832ae5da970c#comment-6a00d83451b2aa69e20134832ae5da970c>
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