This morning the BLS reported an increase of 431,000 jobs. 411,000 of those jobs were temporary workers for Census 2010. Headline unemployment fell .2% to 9.7%.
Hidden beneath the surface the BLS Black Box - Birth Death Model added 215,000 jobs.
However, as I have pointed out many times before, the Birth/Death numbers cannot be subtracted straight up to get a raw number. It contributed to this month's employment total for sure, but the BLS will not disclose by how much.
In addition to census hiring, temporary help services employment added 31,000 jobs. temporary help services employment has risen by 362,000 since September 2009.
On the whole, this was a very weak jobs report especially with all the hype coming from various administration officials and economic cheerleaders.
Both the birth/death numbers and temporary help jobs are problematic.
The drop in the unemployment rate will all be taken back by August when the census workers are let go.
As I said last month, I still do not think the top in the unemployment rate is in and expect it may rise substantially June through August, and keep rising at a modest pace thereafter for most of the rest of the year. Time will tell.
Employment and Recessions
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