According to the New York Times, only 18,000 nonfarm payroll jobs were created in the month of June. The paper also said that in May, only 25,000 jobs were created, this is quite a dramatic difference in what some in the media were reporting. The article I referenced in my blog from last week reported on numbers from Automatic Processing Data. In that article, ADP found 157,000 new private-sector jobs from May to June. But this is not the story that is coming from the Department of Labor. It’s strange how quick a story can turn around. One day, the new is touting economic success, and then next day the outlook is grim.
I suppose that we can report on numbers every day, but real economic security is an individual thing. Some companies may be struggling while others are persevering in this down economy. If you are one of those companies that are staying profitable despite all the bad news, let us know. We’d like to hear that some of our readers are overcoming the odds.