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June 3, 2012

About That Bad Jobs Report....

Reaction is coming in from the 69,000 jobs created in May and it's not good. We need 200,000 or more jobs created per month in order to keep up with population growth. The labor force participation rate increased in May because 600,000 people re-entered the labor force. The number of unemployed also shot up. This is clearly related to the recent college graduates. The people we are leaning on to pay for our out of control entitlement expenses cannot find employment.

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