Department of Labor
In spite of expectations that 160,000 jobs or more were added in May, the latest jobs report was a shocker showing just 38,000 job gains last month. CNBC’s Squawk Box panelists reacted live to that surprising Labor Department report on June 3, which showed that employment increased by a mere 38,000, while unemployment fell to 4.7 percent. However, low labor force participation continues to be a major economic problem.
File this under unsurprising but notable, because it’s the type of story that mainstream media outlets will largely ignore in an attempt to protect an undeserving administration from anything that could hurt its re-election chances.
According to a Washington Times report by Jim McElhatton, the U.S. Department of Labor allegedly paid a public relations company at least half a million dollars of their allotted stimulus money to produce over 100 commercials that publicized a new “green jobs” initiative back in 2009.