Saturday, June 02, 2012

The No-Jobs Plan

The No-Jobs Plan | Blog | Energy Tomorrow
The May employment numbers are out, and here are the headlines:

CBS News: Rotten May jobs report underscores weak recovery
Maddow Blog: Brutal new jobs report disappoints
Washington Post: The labor market takes a big step backward
CNNMoney: Hiring slows, unemployment rises
New York Times: Weak U.S. Hiring Adds to Global Gloom
But not all is bad news today.
The Economist gives us a bright spot:

“AMERICA’S ’unconventional’ gas boom continues to amaze … America’s gas boom confers a huge economic advantage. It has created hundreds of thousands of jobs, directly and indirectly. And it has rejuvenated several industries, including petrochemicals, where ethane produced from natural gas is a feedstock.”
A bright spot that some want to shut down:

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