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Jobless Rate Rises… Altogether Now… ‘Unexpectedly’; Updated With Pelosi Jobs Quote from 2006

By Doug Powers  •  June 3, 2011 09:29 AM

**Written by Doug Powers

The only thing that can be expected with a large degree of confidence these days is poor economic data being reported as “unexpected.” The same holds true for yet another month:

WASHINGTON (Reuters) – Employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan’s earthquake bogged down the economy.

Nonfarm payrolls increased 54,000 last month, the Labor Department said on Friday, with private employment rising 83,000, the least amount since June. Government payrolls dropped 29,000.

Economists polled by Reuters had expected payrolls to rise 150,000 and private hiring to increase 175,000 in May. The government revised employment figures for March and April to show 39,000 fewer jobs created than previously estimated.

As Jonah Goldberg wrote this morning, hey, this is the perfect time to make a green energy guy Commerce Secretary. No thanks.

In other news:

–People continue making “Weiner” jokes… unexpectedly
–Media following Sarah Palin’s bus tour… unexpectedly
–Administration to blame Bush for latest unexpected jobs report… unexpectedly

Update: Harry Reid “encouraged” by the jobs report… expectedly.

Update II: Nancy Pelosi in 2006:

Pelosi was not to be outdone, however, firing back at the president who she claimed had “the worst jobs record since the Great Depression,” in spite of Friday’s news that the October jobless rate fell to 4.4 percent, the lowest it has been in more than five years.

As for the new jobs report, at least Pelosi’s consistent, because she’s still blaming Republicans.

When do we get to that 500,000 new jobs a month plateau that Joe Biden predicted last year?

(h/t hmfearny)

**Written by Doug Powers

Twitter @ThePowersThatBe

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