That would, of course, be fantastic news is it was here Ireland, but unfortunately the first part of bad news is that it’s not here and it gets worse, that’s the figure for the whole of the US!
From The Washington Post, 30th June 2010
[
](https://voices.washingtonpost.com/economy-watch/2010/06/report_private_sector_added_on.html )
Blue Horseshoe
Investment research firm estimates 152,000 jobs lost in June → mlive.com/michigan-job-searc … 15200.html
TrimTabs Investment Research estimates that the U.S. economy shed 152,000 jobs in June, primarily because of the layoffs of 243,000 temporary employees at the Census Bureau. Private sector hiring remains weak as well.
“The big news is that private sector added just 91,000 jobs in June, much less than the 150,000 needed to keep up with population growth,” said Charles Biderman, CEO of TrimTabs. “Investors are starting to realize that the economy is going to grow a lot more slowly than forecast.”
State and local governments face enormous budget deficits that could mean even more job losses. “Without huge tax increases or massive federal aid, 1 million to 2 million public sector employees could lose their jobs by the end of 2011,” Biderman said.
TrimTabs also expects consumer spending to weaken over the near term because Congress failed to extend emergency unemployment benefits.
“We estimate that 2 million people will lose their unemployment benefits over the next two weeks, ” Biderman said. “These benefits average $300 per week, so that means about $32 billion fewer dollars annually will be available for consumption.”
there is more