The economy added 195,000 jobs in June, the Labor Department reported Friday morning, slightly more than analysts had been expecting and suggesting steady growth. Wall Street has been feverishly awaiting the June employment report. Not only does it provide another indicator of overall economic strength, it also affects the timing of the Federal Reserve’s decision to start tapering a major part of its stimulus efforts.
A strong report increases the likelihood the central bank will start pulling back on its bond purchases as early as September, a prospect that has made some investors more cautious in recent weeks. On the other hand, signs of weakness in the labor market would likely prolong the Fed’s program of purchasing $85 billion in bonds per month.
http://www.nytimes.com/2013/07/06/b...as-unemployment-rate-remains-at-7-6.html?_r=0
not a horrible month. i agree that the money printing should stop.
The change in total nonfarm payroll employment for April was revised
from +149,000 to +199,000, and the change for May was revised from
+175,000 to +195,000. With these revisions, employment gains in April
and May combined were 70,000 higher than previously reported.
195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.:lol:
While on the surface the figure appears about average, the number of involuntary part-time workers increased by 322K in June resulting in a net loss of 127K full-time positions that are wanted by those workers...
I have the opposite problem, but the result is the same. The number is just too small to be meaningful except to those who wish to make a hollow political point.195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.:lol:
unfortunately, this is going to continue to happen, because workers have lost almost all of their bargaining power. it's probably going to be a situation of unionize or work two ****ty part time jobs. i know a lot of people who are forced to do this.
still, i don't believe that this report is only bad news. it could be and has been worse.
I'm just waiting for the sound of the government cheese trucks firing up. You know it's going to happen soon. 2014 is right around the corner.I'll be interested, going forward, to see if the White House announcement that they won't implement the Obamacare mandate on business affects small business hiring going forward, at least in the short term. If small business employment spikes, not just by these seasonal numbers, then it would indicate that Obamacare is, indeed, a damper on employment, as many people including myself believe.
Feel free to present your own data...backing it up with your methodology, of course.Bogus gov't propaganda.
No, there are a lot more unemployed now than in 2008. Average unemployment in 2008 was 8.9 million and current unemployment is about 12.2 million (not seasonally adjusted). Of course, the average in 2009 was 14.3 million, 2010 was 14.8 million, 2011 was 13.7 million, and 2012 was 12.5 million.There are as many unemployed now as in 2008
And what bizarre definition are you using? 12,248,000 people looking for work, and 7,152,000 people not trying to work but who say they would like one.and I think the actual number one side or the other of 27 million.
There was one minor change in the definition in 1994, but no real changes since 1967. So what are you talking about?Just change who counts in the total
Feel free to present your own data...backing it up with your methodology, of course.
No, there are a lot more unemployed now than in 2008. Average unemployment in 2008 was 8.9 million and current unemployment is about 12.2 million (not seasonally adjusted). Of course, the average in 2009 was 14.3 million, 2010 was 14.8 million, 2011 was 13.7 million, and 2012 was 12.5 million.
And what bizarre definition are you using? 12,248,000 people looking for work, and 7,152,000 people not trying to work but who say they would like one.
There was one minor change in the definition in 1994, but no real changes since 1967. So what are you talking about?
While on the surface the figure appears about average, the number of involuntary part-time workers increased by 322K in June resulting in a net loss of 127K full-time positions that are wanted by those workers...
195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.:lol:
I have the opposite problem, but the result is the same. The number is just too small to be meaningful except to those who wish to make a hollow political point.
I'm using the government numbers.Read your own post and see if it supports the gov't numbers.
No I didn't. I acknowledged unemployment of 12,248,000. Removing normal seasonal fluctuations, it's 11,777,000.Even you acknowledge unemployment of 20 million.
How do you think that's done? Are you claiming that people who are actually looking for work are falsely recorded as not looking? What's your evidence?Just keep pushing the unemployed numbers into the not looking for work group and unemployment goes down.
No it's not. Steak and hamburger are seperate item categories, and that's not in any way how the index is calculated.My money is better than ever because I can buy hamburger or red slime instead of steak and it is considered the same.
Good news would be the unchaining of the energy market. 195,000 jobs doesn't count as "good news". It's just better than the grim performance of late.You can always count on the Republicans/conservatives to hate good news under Obama.
Good news would be the unchaining of the energy market. 195,000 jobs doesn't count as "good news". It's just better than the grim performance of late.
While on the surface the figure appears about average, the number of involuntary part-time workers increased by 322K in June resulting in a net loss of 127K full-time positions that are wanted by those workers...
You can always count on the Republicans/conservatives to hate good news under Obama.
I'll be interested, going forward, to see if the White House announcement that they won't implement the Obamacare mandate on business affects small business hiring going forward, at least in the short term. If small business employment spikes, not just by these seasonal numbers, then it would indicate that Obamacare is, indeed, a damper on employment, as many people including myself believe.
Amusing. I saw nothing in the OP which twisted anything. The only people I've seen twist are the ones like...well...And you can also count on liberals to twist and contort the numbers every which way possible
...yes, you.Exchanging full-time work for part-time work is not progress.
Is universal healthcare damaging Canada's employment too? If not, why not implement a Canadian type system here? I'm sure you would not give your HC up, would you?
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