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The US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown.
The unemployment rate dropped to 6.1%, its lowest level since September 2008.
That is a nice number. Qualified, of course. But a good number in any event.
Because the economic news is good, the numbers are askew to Conservative eyes.
Yes, a 3 percent contraction 6 years in is " Good news " .
No, not really.
3/4 of them are likely temp and retail jobs.
3/4 of them are likely temp and retail jobs.
Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail
Retail Trade: +40,200
Temp help services: +10,100
I don't know where you learned math, but 50,300/288,000= 17.5%, not 75%
Perhaps you should look at the data and not make guesses.
The unemployment rate fell... again. Is that why you're talking about the 3% contraction instead of what the thread is about?
Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail
Retail Trade: +40,200
Temp help services: +10,100
I don't know where you learned math, but 50,300/288,000= 17.5%, not 75%
Perhaps you should look at the data and not make guesses.
Labor Force Participation Rate for 2014LOL !!
Thats all you need , right ? A number out of context ro proclaim " Success " !!
The unemployment rate has been falling for months and months.
So has the labor participation rates.
The unemployment rate fell... again. Is that why you're talking about the 3% contraction instead of what the thread is about?
Labor Force Participation Rate for 2014
January: 63
February: 63
March: 63.2
April: 62.8
May: 62.8
June: 62.8
And don't forget, the participation rate has been dropping for the last 14 years....it can go up or down based on demographic and other non-labor market factors.
3/4 of them are likely temp and retail jobs.
LOL !!
Thats all you need , right ? A number out of context ro proclaim " Success " !!
The unemployment rate has been falling for months and months.
So has the labor participation rates.
You see Conservatives aren't taken in by rhetoric and feel good BS numbers like the drop in the unemployment rates.
We're not taken in by empty platitudes and bumper sticker slogans either
We dont have to cover for a corrupt and incompetent President, YOU do.
That means we can offer up a honest and accurate representation of how bad our economy really is.
A three percent reduction in the labor participation rate doesn't indicate a three percent contraction in our economy.
And the new jobs were not affected by Obamacare.One need not speculate. If one goes to Table B-1 in the Employment Situation Report (http://www.bls.gov/news.release/pdf/empsit.pdf), one can find the figures. Most of the new jobs were not comprised of temporary or retail sector jobs.
And the new jobs were not affected by Obamacare.
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