Dismal Jobs Report Reflects Economic Decline

[Nova78]

Dismal Jobs Report Reflects Economic Decline - AddisonPG - Open Salon

Years ago, America’s economy was a job creation machine. Today it’s rusted, wheezing, and sputtering on the way to collapsing. In June, America added 80,000 jobs. U-3 unemployment remained at 8.2%. Based on 1980 calculations, it tops 22%.

Most jobs created are part-time, low-pay temp ones. The nation’s manufacturing base largely exists offshore. So do many high-pay service jobs.
Expectations were missed for the fourth straight month. Typically at this stage of the economic cycle, around a quarter million monthly jobs are created. Moreover, 36 months after an alleged recovery, U-3 unemployment is 3.6% below the pre-recession high.

The household survey adjusted on a comparable basis to the headline payroll one showed 153,000 June job losses. It was the third decline in the past four months. In total, 666,000 jobs are gone.

Average hours worked fell to 0.4% year-over year down from 4.3% in Q 1. It suggests downward GDP forecast revisions anywhere from 1.5% to contraction.

As I said ,the private sector is doing fine..

 

[expat_panama]

...the headline payroll one showed 153,000 Jun...

Salon's usually a left wing rag so they hide the really bad news. Here's the actual BLS release:

It means that a couple hundred thousand fewer people are working while the population's grown by an equal amount. That's four hundred thousand more people needing work that isn't there.

 

[pinqy]

Dismal Jobs Report Reflects Economic Decline - AddisonPG - Open Salon

Years ago, America’s economy was a job creation machine. Today it’s rusted, wheezing, and sputtering on the way to collapsing. In June, America added 80,000 jobs. U-3 unemployment remained at 8.2%. Based on 1980 calculations, it tops 22%.

Why are you posting an article from last month about the June Employment Situation when the July Employment Situation was released today?

 

[thanatos144]

163,000 new jobs BUT funny thing is unemployment went up to 8.3% ....Which tells me when we get the real numbers (what they called the revised ones) The true new jobs created will be a hell of a lot smaller.

 

[PLYMCO_PILGRIM]

Dismal Jobs Report Reflects Economic Decline - AddisonPG - Open Salon

Years ago, America’s economy was a job creation machine. Today it’s rusted, wheezing, and sputtering on the way to collapsing. In June, America added 80,000 jobs. U-3 unemployment remained at 8.2%. Based on 1980 calculations, it tops 22%.

Most jobs created are part-time, low-pay temp ones. The nation’s manufacturing base largely exists offshore. So do many high-pay service jobs.
Expectations were missed for the fourth straight month. Typically at this stage of the economic cycle, around a quarter million monthly jobs are created. Moreover, 36 months after an alleged recovery, U-3 unemployment is 3.6% below the pre-recession high.

The household survey adjusted on a comparable basis to the headline payroll one showed 153,000 June job losses. It was the third decline in the past four months. In total, 666,000 jobs are gone.

Average hours worked fell to 0.4% year-over year down from 4.3% in Q 1. It suggests downward GDP forecast revisions anywhere from 1.5% to contraction.

As I said ,the private sector is doing fine..View attachment 20302

View attachment 20303

Yes the economy still sucks even after 4 years of Obama and a dem senate trying to fix it, maybe it is time to try the other methods we used to use that give us both ups and downs instead of flats and downs.

I just hope next month looks better for all the unemployed americans, if this keeps up Ill be out of a job as no one will have money to fix their cars. (or the need to drive them)

C'mon obama don't do something dumb that looks good politically but hurts us economically to help your campaign...resist the urge Mr President!

 

[mudwhistle]

CBS still said this morning that there were positive signs.

 

[PLYMCO_PILGRIM]

CBS still said this morning that there were positive signs.

C'mon didn't you learn in behavioral economics that if you convince everyone things are getting better things will just get better?

 

[thanatos144]

CBS still said this morning that there were positive signs.

If this was Bush they would rightly say He was a failure and driving the country over a cliff....I get tired of the Media cheerleading.

 

[AquaAthena]

163,000 new jobs BUT funny thing is unemployment went up to 8.3% ....Which tells me when we get the real numbers (what they called the revised ones) The true new jobs created will be a hell of a lot smaller.

Yes, it is 8.3%.

While the national unemployment rate paints a grim picture, a look at individual states and their so-called real jobless rates becomes even more troubling.


The government's most widely publicized unemployment rate measures only those who are out of a job and currently looking for work. It does not count discouraged potential employees who have quit looking, nor those who are underemployed — wanting to work full-time but forced to work part-time.

For that count, the government releases a separate number called the "U-6," which provides a more complete tally of how many people really are out of work.

The numbers in some cases are startling.

Consider: Nevada's U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

Go here to see how your state is REALLY doing:

'Real' Unemployment Rate Shows Far More Jobless - US Business News - CNBC

 

[mudwhistle]

163,000 new jobs BUT funny thing is unemployment went up to 8.3% ....Which tells me when we get the real numbers (what they called the revised ones) The true new jobs created will be a hell of a lot smaller.

Yes, it is 8.3%.

While the national unemployment rate paints a grim picture, a look at individual states and their so-called real jobless rates becomes even more troubling.


The government's most widely publicized unemployment rate measures only those who are out of a job and currently looking for work. It does not count discouraged potential employees who have quit looking, nor those who are underemployed — wanting to work full-time but forced to work part-time.

For that count, the government releases a separate number called the "U-6," which provides a more complete tally of how many people really are out of work.

The numbers in some cases are startling.

Consider: Nevada's U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

Go here to see how your state is REALLY doing:

'Real' Unemployment Rate Shows Far More Jobless - US Business News - CNBC

Nevada 7.6% in 2007 when congress went over to the Dems and now it's 22.1%.

Must be Bush's fault.

 

[PLYMCO_PILGRIM]

163,000 new jobs BUT funny thing is unemployment went up to 8.3% ....Which tells me when we get the real numbers (what they called the revised ones) The true new jobs created will be a hell of a lot smaller.

Yes, it is 8.3%.

While the national unemployment rate paints a grim picture, a look at individual states and their so-called real jobless rates becomes even more troubling.


The government's most widely publicized unemployment rate measures only those who are out of a job and currently looking for work. It does not count discouraged potential employees who have quit looking, nor those who are underemployed — wanting to work full-time but forced to work part-time.

For that count, the government releases a separate number called the "U-6," which provides a more complete tally of how many people really are out of work.

The numbers in some cases are startling.

Consider: Nevada's U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

Go here to see how your state is REALLY doing:

'Real' Unemployment Rate Shows Far More Jobless - US Business News - CNBC

Nevada 7.6% in 2007 when congress went over to the Dems and now it's 22.1%.

Must be Bush's fault.

Who is Bush?

 

[EdwardBaiamonte]

Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future. - JFK

A Democrat and a Republican can't both be right since they have opposite philosophies. When a politician uses the JFK line above he is merely looking for votes from the other party.

Yes, it is 8.3%.

While the national unemployment rate paints a grim picture, a look at individual states and their so-called real jobless rates becomes even more troubling.


The government's most widely publicized unemployment rate measures only those who are out of a job and currently looking for work. It does not count discouraged potential employees who have quit looking, nor those who are underemployed — wanting to work full-time but forced to work part-time.

For that count, the government releases a separate number called the "U-6," which provides a more complete tally of how many people really are out of work.

The numbers in some cases are startling.

Consider: Nevada's U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

Go here to see how your state is REALLY doing:

'Real' Unemployment Rate Shows Far More Jobless - US Business News - CNBC

Nevada 7.6% in 2007 when congress went over to the Dems and now it's 22.1%.

Must be Bush's fault.

Who is Bush?

[/QUOTE]

 

[Rozman]

You just gotta know there is a party going on in the WH tonight.
They just love to kiss this guy's ass.
I'm sure Michelle has something special planned for the big guy tonight.

 

[mudwhistle]

You just gotta know there is a party going on in the WH tonight.
They just love to kiss this guy's ass.
I'm sure Michelle has something special planned for the big guy tonight.

A dancing Zebra....

 

[Nova78]

you just gotta know there is a party going on in the wh tonight.
They just love to kiss this guy's ass.
I'm sure michelle has something special planned for the big guy tonight.

 

[Toro]

The numbers were decent, which is why stocks exploded. Nonfarm payrolls were 163k, better than expected.

 

[thanatos144]

Wait two weeks and no one will be dancing when the revised numbers I.E the real job numbers be one worse...... They do this preliminary bullshit to make the white house look as good as they can

 

[PLYMCO_PILGRIM]

Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future. - JFK

A Democrat and a Republican can't both be right since they have opposite philosophies. When a politician uses the JFK line above he is merely looking for votes from the other party.

Actually read the line again. Let me paraphrase it for you.

Don't look for answers based off republican or democrat policies but look for answers based off what is best for the country, not your political party. We all have a responsibilty to do the right thing for the future regardless of who may have screwed up in the past.


Get it now?

 

[EdwardBaiamonte]

Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future. - JFK

A Democrat and a Republican can't both be right since they have opposite philosophies. When a politician uses the JFK line above he is merely looking for votes from the other party.

Actually read the line again. Let me paraphrase it for you.

Don't look for answers based off republican or democrat policies but look for answers based off what is best for the country, not your political party. We all have a responsibilty to do the right thing for the future regardless of who may have screwed up in the past.


Get it now?

too stupid!! a pro American Republican can never believe what an anti American Democrat wants is best for our country.

Is that really over your head?

 

[uscitizen]

A Democrat and a Republican can't both be right since they have opposite philosophies. When a politician uses the JFK line above he is merely looking for votes from the other party.

Actually read the line again. Let me paraphrase it for you.

Don't look for answers based off republican or democrat policies but look for answers based off what is best for the country, not your political party. We all have a responsibilty to do the right thing for the future regardless of who may have screwed up in the past.


Get it now?

too stupid!! a pro American Republican can never believe what an anti American Democrat wants is best for our country.

Is that really over your head?

Obviously you have been partisanly brainwashed into idiocy.

You and those like you are part of the problem, not part of the solution.