Employers add 117,000 jobs in July

Discussion in 'Politics' started by rightwinger, Aug 5, 2011.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Employers add 117,000 jobs in July, unemployment rate drops - USATODAY.com

    WASHINGTON (AP) — Hiring picked up slightly in July and the unemployment rate dipped to 9.1%, an optimistic sign after the worst day on Wall Street in nearly three years.

    Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher.

    The mild improvement may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points over concerns that the U.S. may be entering another recession.

    Businesses added 154,000 jobs across many industries. Governments cut 37,000 jobs last month. Still, 23,000 of those losses were almost entirely because of the shutdown of Minnesota's state government.
     
    Last edited: Aug 5, 2011
  2. JRK
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    JRK Senior Member

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  3. uscitizen
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    uscitizen Senior Member

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    Dumpass, take the numbers as a good sign for America, forget the partisan crap.
    Not a very good sign though.
     
  4. 8537
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    154,000 private sector jobs is pretty poor, but it's well above expectations and it's improvement.

    As important, the previous two months were upgraded significantly. after the early summer figures, this is a slight step in the right direction - especially the manufacturing numbers.
     
  5. TruthSeeker56
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    TruthSeeker56 Silver Member

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    A typical "good news, bad news" story. The BAD news is that an average of over 400,000 people every WEEK are filing for FIRST TIME unemployment benefits.

    Businesses didn't "add" ANYTHING. Only to a leftist does adding 154,000 and subtracting 400,00 leave us with a "positive" number. Must be that "new math". :cuckoo::cuckoo:

    Then there is the FACT that the U.S. government employment/unemployment statistics don't take into account people who have exhausted their unemployment benefits and still haven't found a job, people who have given up looking for work, people who are working part-time at McDonald's and have a Master's degree, people who are underemployed, and people who have reached the hopeless and helpless stage and have joined the unemployed poor and are collecting food stamps, living in subsidized housing, and are on the Medicaid rolls.

    Thanks a bunch for the "hope and change", Barack.
     
    Last edited: Aug 5, 2011
  6. Jarhead
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    Jarhead Gold Member

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    baby steps are better than no steps at all.
     
  7. KissMy
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    KissMy Free Breast Exam

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    Hey rightwinger - I already started a thread on this at 07:29 AM when the jobs numbers came out. Try & keep up.

    See: July Jobs Numbers Up 117K

    Now we need a thread merge.
     
  8. Full-Auto
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    Full-Auto Gold Member

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    How much faith should this SURVEY give us?

    If memory serves, and it does. Its summer time.
     
  9. Jarhead
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    Jarhead Gold Member

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    Who are the ones that forecast?

    Afterall, we put credence in their analyses...and as we approach the release of the numbers, their forecasts DO affect business and market decisions.....

    Seeing as the administrations top economists admit they misread the economy as it pertained to the stimulus....and we have job forecasters misreading new hire activity...

    Maybe we should get better economists?
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    These numbers will be revised down next week.
    Employers are planning big layoffs. The stock market decline won't help anyone' confidence. I see one of the big banks will now start charging corporate depositors for holding cash in their accounts.
    This isn't the sign of anything except "management" by the administration.
     

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