Short-lived job growth slows to a crawl in May

Today's news of 431,000 jobs being added in May is deceiving because 411,000 of those jobs were with the government's Census Bureau. The private sector added only about 20,000 new jobs -- a whopping 200,000 fewer than expected -- meaning we are a long way off from any real economic recovery. The two-tenths of percentage point drop in the unemployment rate is also deceptive. What it really means is that people have given up searching for work and/or have exhausted their unemployment benefits and are no longer being counted as jobless. This is a dismal predicament for millions of Americans. Read more.