US Unemployment Back at 9.7%

Here is this month’s chart that shows the real unemployment rate versus the administration’s predicted rate with the passage of their $787 billion dollar stimulus package:

Employers added 431,000 nonfarm jobs nationwide in May, the biggest increase in a single month in a decade, the Labor Department said Friday. But the bulk of the growth was in government jobs, driven by hiring for the 2010 census, and private-sector job growth was weak.

Altogether, 411,000 of the jobs added were for census workers whose positions will disappear after the summer.

President Obama tried to put a positive spin on the jobs report, telling workers at a trucking company in Hyattsville, Md., that the addition of 431,000 new jobs in May demonstrated that the economy was "getting stronger by the day."