U.S. Companies Add 71,000 Jobs; Unemployment at 9.5%

Discussion in 'Economy' started by Neubarth, Aug 6, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Companies in the U.S. added workers in July for a seventh straight month at a pace that suggests the labor-market recovery will be slow to take hold.

    Private payrolls that exclude government agencies rose by 71,000 after a June gain of 31,000 that was smaller than previously reported, Labor Department figures in Washington showed today. Economists projected a 90,000 July increase, according to the median estimate in a Bloomberg News survey. Overall employment fell 131,000 and unemployment held at 9.5 percent.

    Stock-index futures fell as the report showed an economy that will be slow in recouping the 8.4 million jobs lost since the recession began in December 2007

    U.S. Companies Add 71,000 Jobs; Unemployment at 9.5% - Bloomberg

    FEARLESS LEADER IS WORKING A MIRACLE IN STOPPING THIS DEPRESSION.
     
  2. Gremlin-USA
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    Gremlin-USA <<< Me in 1970

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    That is not the whole story and a fearless leader ain't doing cow dung

    Companies hire at slow pace for 3rd straight month - Yahoo! Finance

    .
     
  3. uscitizen
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    uscitizen Senior Member

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    Do the math figure at the current rate of adding jobs how loing it will be till we replace those jobs lost.
    Then add in the new entrants to the job market.
    Are we even keeping up with the job demand of those entering the labor pool?
     
  4. topspin
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    topspin BANNED

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    The racist hate that Obama's only full year is plus 40 percent.
     
  5. Oddball
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    Oddball BANNED Supporting Member

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    Dude, you gotta quit smoking that imported brick schwag. :rolleyes:
     
  6. Richard-H
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    Richard-H Gold Member

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    Wow, the private sector is a complete catastrophe. No doubt about it.

    I guess free market just doesn't work.

    After all, there's been no major tax increase to date, has there?

    The bailout money's been paid back. The health care bill hasn't taken affect yet. The Federal deficit's rate of growth hasn't changed much.

    I suppose that Conservatives blame the stimulus bill for the entire state of the economy.

    Guess again!
     
  7. Richard-H
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    Richard-H Gold Member

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    Well, stop selling it to him.
     
  8. Richard-H
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    Richard-H Gold Member

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    Fuck the economy, I'm just glad that you're wearing a shirt in that picture!
     
  9. Leweman
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    Leweman Gold Member

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    Bailout money's been paid back? Ummmmmm I think a lot of it was paid back by banks that didn't want it in the first place but all and all there is still 300 + billion of the bailout that hasnt been paid back and doesnt look to be paid back anytime soon.
     
  10. hvactec
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    hvactec VIP Member

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    At the current, Never

    71,000 x 100 years = 7,100,000 now you need to minus all the jobs lost , kids becoming adults, adults that retire......Never

    Need a new game plan......
     

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