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Jobs Market Barely Budges in June as Hiring Stays Weak

zimmer

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U.S. private employers added just 13,000 jobs in June, according to a report published Wednesday that suggested expectations of a big drop in the government's upcoming nonfarm payrolls report were on target.

News Headlines
13,000 jobs! In Alaska? No son... in the entire country.
I guess you could say Stim... U... late.

Wait for the adjusted numbers, they have tended to be even worse since Obi has been in office.

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ric27

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Having a Senate (and Congress) that approves Obama's wishes and pursues empty legislation that promises what it cannot deliver almost guarantees that our economy will be in shambles
 

Erod

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Wow, 260 jobs per state.

That stimulus money is really working.
 

Kushinator

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Having a Senate (and Congress) that approves Obama's wishes and pursues empty legislation that promises what it cannot deliver almost guarantees that our economy will be in shambles
All the more reason to keep rates near 0% for an extended period.
 

Taylor

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That stimulus money is really working.
Project Jumpstart: FAIL

Will be interesting to see what happens after the stimulus money dries up and we've got a stagnant economy with an unprecedented proportion of debt.
 

Kushinator

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Project Jumpstart: FAIL

Will be interesting to see what happens after the stimulus money dries up and we've got a stagnant economy with an unprecedented proportion of debt.
If the stimulus money dries up before we witness real job growth (which is possible although unlikely), it could push the global economy into another recession.
 

Guy Incognito

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Wow, George W and neocon deregulatory policy really screwed us over good.
 

ric27

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Wow, George W and neocon deregulatory policy really screwed us over good.
WTF are you spewing about? Last time I checked, Bush was retired to a ranch in TX, eating enchiladas with nice senoritas and such and has no bearing on current decision making.
 

zimmer

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Wow, George W and neocon deregulatory policy really screwed us over good.
Come, come... let's not be coy.

The fruit from this rotten leftist orchard of trees were planted decades ago, and the trees fertilized by leftists.
RINO's are leftists, and some R's voted for the crap, but it's mostly a cocktail made of rotten leftist fruit.

Drink up!
Tastes like Kool-Aid.

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PeteEU

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WTF are you spewing about? Last time I checked, Bush was retired to a ranch in TX, eating enchiladas with nice senoritas and such and has no bearing on current decision making.
True, but he was the one who was in charge when the hole was being dug... Funny how you ignore that fact.
 

zimmer

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True, but he was the one who was in charge when the hole was being dug... Funny how you ignore that fact.
So you are telling me Aznar is at fault for your mess?
LOL.

You have to dig a lot deeper than the last administration at most any fundamental fault-line, and if you look at what happened to those that tried to bring to light the problems at Fred and Fan... you'll see how rabid these leftists were.

Germany's problems are Schroeder's? Even though I dislike the scumbag, it goes deeper than him, deeper than Kohl.

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Guy Incognito

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You have to dig a lot deeper than the last administration at most any fundamental fault-line,
You're right, it goes all the way back to Reagan.
 

disneydude

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Slow growth is still a hell of a lot better than the direction we were headed prior to Obama. I would like to see things improve a lot more, but I will take slow progress over the slide towards depression that we had during the last administration.
 

zimmer

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you're right, it goes all the way back to reagan.
rotflol...
Ever hear of:
Clinton?
Reno?
Carter?
Johnston?
FDR?

The New Deal?
The Great Society?
Freddie Mac & Fannie Mae
Forcing banks to loan money for houses to people that couldn't afford them... under penalty of law?

.
 
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Deuce

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You're right, it goes all the way back to Reagan.
Funny how "cut taxes, raise spending" is perfectly valid economic practice until a (D) is doing it.
 

zimmer

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Funny how "cut taxes, raise spending" is perfectly valid economic practice until a (D) is doing it.
Reagan wanted spending cut... it was the only bit of his agenda that wasn't accomplished.
Had the Dem controlled Congress slashed spending as promised, Reagan would have signed on... without hesitation.

The other point is Reagan managed to cut taxes and regulation with Dems in power to get the economic engine going... exactly what a certain John Fitzgerald Kennedy proposed for long term growth 18-years before Reagan took office.

Address at the Economic Club of New York, December 14, 1962

Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits...

In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.

http://www.jfklibrary.org/Asset+Tree/Asset+Viewers/Audio+Video+Asset+Viewer.htm?guid={A138FFB8-5B6A-4C6A-A8CC-70C6E4FF39DA}&type=Audio
 
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jujuman13

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If the stimulus money dries up before we witness real job growth (which is possible although unlikely), it could push the global economy into another recession.
IMO we are already in the next recession.
 

washunut

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IMO we are already in the next recession.
Do you know that the definition of recession is TWO quarters of negative growth. Last quarter we showed positive growth, this quarter will be postive as well. Can we at least try and stick to reality???
 

Deuce

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Reagan wanted spending cut... it was the only bit of his agenda that wasn't accomplished.
Had the Dem controlled Congress slashed spending as promised, Reagan would have signed on... without hesitation.

The other point is Reagan managed to cut taxes and regulation with Dems in power to get the economic engine going... exactly what a certain John Fitzgerald Kennedy proposed for long term growth 18-years before Reagan took office.
Reagan got pretty much exactly the budgets he asked for.
 

Guy Incognito

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Clinton?
Reno?
Carter?
Johnston?
FDR?
Come on! Why not just blame the Gracchus brothers while you're at it? Bush's policies are responsible for placing us where we are now not Clinton's or Reagan's or FDR's. The fact is, there is a proximate cause of the financial crisis and it is the Bush administration. Obama is just cleaning up Bush's mess and doing a pretty good job of it too. Obama gave us a recession where there should have been a depression.
 
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