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    Romer Discusses May Jobs Report, Stimulus Spending: Video

    Fri, 06/04/2010 - 10:44 EDT - Bloomberg - Video News
    • http://gdata.youtube.com/schemas/2007#video
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    Romer Discusses May Jobs Report, Stimulus Spending: Video

    June 4 (Bloomberg) -- Christina Romer, who chairs the White House Council of Economic Advisers, talks with Bloomberg's Betty Liu about the May US jobs report released today and the prospects of additional stimulus spending by the federal government. Payrolls rose by 431000 last month, including a 411000 jump in government hiring of temporary workers for the 2010 census, according to Labor Department figures. Economists projected a 536000 gain. The jobless rate fell to 9.7 percent. (This is an excerpt of the full interview. Source: Bloomberg)
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      Total nonfarm payroll employment grew by 431,000 in May but that total includes the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today. Private-sector employment changed little (+41,000). Manufacturing, temporary help services, and mining added jobs, while construction employment declined. Economists were predicting over 500,000 job gains (given the large number of temporary census hires).

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