Friday, June 1, 2012

Weak Employment Report

The Lehmann Letter (SM)
This morning’s Bureau of Labor Statistics (BLS) report began:

Nonfarm payroll employment changed little in May (+69,000), and the unemployment rate was essentially unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today.”

Those numbers are a disappointment.

Job Growth

(Click on chart to enlarge)

(Recessions shaded)

The chart illustrates what we need: A quarter-million new jobs per month to restore full employment. We’re not getting that.

(To be fully informed visit

© 2012 Michael B. Lehmann

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