U.s. Payrolls miss expectations, expand by 80k

[expat_panama]

We have job destruction.

...your own statistics show rising employment levels...

They're not my statistics, they're from the current administration's Labor Dept. Just the same, you're absolutely correct that new jobs have been created since 2009, almost as many as were destroyed in '09.

...2008 destroyed jobs...

Jobs peaked in 2008 and the number of employees was at the all time record high. We could argue that the losses in '09 were caused by '08 policies but then we'd have to explain which policies and which losses. That would be as foggy as arguments that '08 policies fixed the problems that had appeared and caused the job gains in '10-'12.

 

[edthecynic]

Wow. Double dip - here we come.

June Nonfarm Payrolls Report - Business Insider


UNEMPLOYMENT RATE INCREASES

Get Obama the **** out of there.

America-hating CON$ervoFascist scum have been wishing, hoping, and praying to God for a double dip for 3 years now!!!! Take heart, you bastards, you'll get your double dip as soon as the next Republican is elected president.

 

[edthecynic]

By the way...after this report - expect the FED and the White House to push for QE3.
Which will result in only further pumping the bubble...it will do nothing to help jobs.

CON$ervoFascists have been predicting QE3 for over 2 years now. Don't you assholes ever get tired of being wrong???

 

[Widdekind]

... new jobs have been created since 2009, almost as many as were destroyed in '09... job gains in '10-'12.

i found this -- Components of GDP

A decrease in inventory orders usually means that businesses are seeing demand slack off. As inventories build, companies will cut back production. If it continues long enough, then layoffs are next. Therefore, the change in private inventories is an important leading indicator, even though it contributes less than 1% of GDP. In 2006, companies added $60 billion to inventories. In 2007, they only added $29 billion. After the 2008 financial crisis hit, businesses depleted their inventories by $41 billion, and withdrew another $160 billion in 2009. Economists knew the recession was really over in 2010, when businesses added $66.9 billion to inventory.

Inexpertly, from 2008-2010, inventories were drawn dry; from 2010, demand has been met by new production: