Economy Adds 163,000 Jobs, but UE ticks up to 8.3%

Discussion in 'Economy' started by Trajan, Aug 3, 2012.

  1. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    From the wonderful world of counter intuitive claptrap[​IMG] ...I have said it before when the rate dropped on lower job creation than this, and now at 163K, the best month of the last 2 Quarters,it ticks up....

    yes yes, seasonally this, drop off that, massage this...whatever add to the fact that they appear to have no idea what to expect , as this was a huge leap over "expectations".

    So that seasonal gain and the 195.000 :eusa_think:



    The report showed that the actual amount of Americans working dropped by 195,000, with the net job gain resulting primarily from seasonal adjustments. The birth-death model, which approximates net job growth from newly added or closed businesses, added 52,000 to the total.


    snip-
    The average work week held steady at 34.5 hours while average hourly earnings rose 2 cents to $23.52.

    Economy Creates 163,000 New Jobs but Rate Rises to 8.3% - US Business News - CNBC

    and....


    WASHINGTON—U.S. employers stepped up hiring in July as the economy continued its uneven recovery heading into this fall's presidential election.

    U.S. payrolls increased by a seasonally adjusted 163,000 jobs last month, the Labor Department said Friday, but the unemployment rate, obtained by a separate survey of U.S. households, ticked up one-tenth of a percent to 8.3%.

    Economists surveyed by Dow Jones Newswires expected a gain of 95,000 in payrolls and an 8.2% jobless rate.

    snip-

    June and May payroll numbers were revised with only a small net effect—June payrolls rose 64,000 compared with the initially reported 80,000, and May was up 87,000 versus an earlier estimate of 77,000.


    more at-

    Economy Adds 163,000 Jobs - WSJ.com
     
    • Thank You! Thank You! x 1
  2. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,719
    Thanks Received:
    8,800
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,975
    Why is everyone talking about old stories ? More stimulus to come from the feds now so the stock market is happy but main street suffers.
     
  3. DiamondDave
    Offline

    DiamondDave Army Vet

    Joined:
    Jun 30, 2008
    Messages:
    18,169
    Thanks Received:
    2,812
    Trophy Points:
    183
    Location:
    MD, on the Potomac River
    Ratings:
    +2,816
    Are we shocked?? No
     
  4. PLYMCO_PILGRIM
    Offline

    PLYMCO_PILGRIM Gold Member

    Joined:
    Jul 3, 2009
    Messages:
    17,416
    Thanks Received:
    2,855
    Trophy Points:
    183
    Location:
    America's Home Town
    Ratings:
    +2,863
    Yeah this sucks, I need real employment to go up as my work gets slower and slower lately it seems. At this rate not only will I not get any profit sharing, I'll be joining the rest of the poor schlubs in the unejoyment line for a check that I'd rather earn at a job.

    Obama needs to stop with the borrow/spend method of trying to fix our economy and go back to what has given us both downs and ups, but more ups, in the past.
     
  5. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,924
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,932
    Most amazing part is the libs won't care. There response:
    (1) It's the GOP congress (even though the GOP control 1/2 of one branch of the government).
    (2) It's Europes fault.
    (3) It's only 1%, it would have been worse without the Big O.
    (4) 8.3% is FABULOUS, Obama's plan is working, without Obama we would have been at 15% (even though true unemployment is at 15%)!
    (4) Bush caused this mess and we need at least 10 years to get out of it!



     
    • Thank You! Thank You! x 1
  6. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,719
    Thanks Received:
    8,800
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,975
    I hear ya. Although I'm doing ok my suppliers are hurting. One in particular has called multiple times asking if my Sept jobs can be delivered early so they can meet their base quota of sales. I guess the sale doesn't actually count till the product is delivered
     
  7. DontBeStupid
    Offline

    DontBeStupid Look it up!

    Joined:
    Jun 23, 2011
    Messages:
    4,463
    Thanks Received:
    422
    Trophy Points:
    48
    Location:
    Los Angeles, CA
    Ratings:
    +422
    I'd like to see the link that told you unemployment went up because people dropped out.

    Thanks.
     
  8. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,197
    Thanks Received:
    10,175
    Trophy Points:
    2,030
    Ratings:
    +14,779
  9. PLYMCO_PILGRIM
    Offline

    PLYMCO_PILGRIM Gold Member

    Joined:
    Jul 3, 2009
    Messages:
    17,416
    Thanks Received:
    2,855
    Trophy Points:
    183
    Location:
    America's Home Town
    Ratings:
    +2,863
    Employment Situation Summary
     
  10. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,719
    Thanks Received:
    8,800
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,975
    I didn't make that claim. But that's not the point huh?
     

Share This Page