Census hiring to spike job figures in May

[The Northerner]

Hiring by the U.S. Census Bureau is expected to spike May’s job figures dramatically.

Economist Mark Zandi of Moody’s.com projects the economy will add 575,000 jobs in May, while the Economic Policy Institute’s (EPI) rough projection is for 560,000 jobs.

Either figure would represent the largest number of jobs created in any month since the dot-com crash of 2000.

Vice President Joe Biden, speaking at a Democratic fundraiser on Tuesday, touted what he said would be a positive report for Democrats, who are hoping a revitalized economy will help them in this fall’s elections. He said the May report would be “well beyond” the 290,000 jobs created in April, according to Reuters.

The numbers pose a problem for the administration, however, in terms of their reflection of economic growth.

Zandi expects that only 150,000 of the jobs created in May will come from the private sector, while 425,000 new jobs are sparked by the once-a-decade census.

Those jobs are temporary ones that will disappear as the Census completes the process of collecting data from people who did not mail in their forms.

Read more: http://thehill.com/homenews/administration/100939-expect-false-jobs-spike

[leftstreet]

1. We could really 'spike' job figures with an actual fucking JOBS PROGRAM!

K&R

[Donnachaidh]

2. and watch the tsunami of SPIN come flying out of DC over the *spike*

Of course, they'll conveniently leave out the FACT that the spike is fueled by TEMPORARY jobs....

better put the rah rah squad on notice -- better get some protein bars to keep their energy up :sarcasm:

[Statistical]

4. Well 150,000 net private sector jobs is 150,000 people back working. n/t

[Statistical]

3. "completes the process of collecting data from people who did not mail in their forms."

Don't mail in your form. Help give someone a job. :)

[uponit7771]

5. 425k?!?!?! I'd like him to put some money on that...