The government's latest snapshot of the job market was bleak, a sign the economic recovery is running out of steam with 14.6 million Americans still searching for work.
Job growth proved anemic in July as governments cut jobs and private-sector employers barely expanded.
The economy shed 131,000 jobs, as 143,000 temporary Census workers fell off federal payrolls. Private-sector employment grew by 71,000 in July after a downwardly revised 31,000 in June. Government employment, not counting Census workers, fell by 59,000.
The unemployment rate held steady at 9.5% largely because people gave up hope of finding work and left the labor force.
The latest figures confirm the labor market has lost much of its momentum in recent months. The private sector has added 90,000 jobs a month on average so far this year, well below the 125,000 needed monthly just to keep up with population growth, let alone recover the eight million jobs lost during the recession. Two-thirds of the private-sector job creation this year occurred in March and April, when the economy's trajectory appeared stronger.
U.S. Employers Shed 131,000 Jobs in July; Unemployment Rate Steady at 9.5% - WSJ.com The economy shed 131,000 jobs, as 143,000 temporary Census workers fell off federal payrolls. Private-sector employment grew by 71,000 in July after a downwardly revised 31,000 in June. Government employment, not counting Census workers, fell by 59,000.
So what we need to do is keep pushing forward. We can't go backwards. This morning, the Department of Labor released its monthly jobs report, showing that July marked the seventh straight month of job creation in the private sector. So jobs have been growing in the private sector for seven straight months.
What he needs to do is stop being hostile to business and create a coherent, predictable policy so that businesses will have the confidence they need to start investing in the future. No one knows what he/the government will do next, what regulations and obligations will be imposed, and what the heck the near and mid-term futures are going to bring. You cannot spur business activity in that kind of a cloud.
That was never my point, though it's pretty easy to spin it around back on you -- at the same time, liberals were saying the private sector wasn't that important -- look at all those new government jobs! Now it is?
Actually I'd say the important part is the total jobs. Government employees still spend their salaries on things, so it's not like a $50k/year government job is somehow by default putting less into the economy than a $50k/year private sector job.
Cool argument, bro!
Wow, you're on a roll! I wonder what your next completely unproductive and pointlessly irrelevant rant will say! I suggest going the "Obama is a socialist" route, that's a classic.
When the government was hiring, conservatives pointed out that the private sector was the important factor. Now it's not?
Actually I'd say the important part is the total jobs. Government employees still spend their salaries on thingsso it's not like a $50k/year government job is somehow by default putting less into the economy than a $50k/year private sector job.
Who ever claimed that the private sector isn't important?
The point is, that you can't brag about a 71,000 job gain, when the overall job loss was 130,000, then tell the country that things are turning around.
What kind of a dumbass would do something like that? Wanna take a guess??
The job losses I believe were primarily government jobs
That's all fine and good...where does the money come from to pay those government workers, again?
The government is in the process of blowing away 6 billion dollars in oil and gas revenues. So, where's the money going to come from to pay for all those government jobs? Please! tell us!!
Weren't there only about 40,000 government jobs that were created by the census? Care to explain what happened to the other 90,000?
Or, are you going to admit that the bragging that Krewe Obama did a couple months ago about job gains was bull****?
The same place as all of those private sector jobs?
Tax money pays salaries in private sector jobs? You're not serious?!?
No, ex-census there were 12000 net jobs made. The census had a fairly large impact on employment temporarily.
The U.S. census has really been the key to the better (or more accurately less awful) employment numbers for the last several months. According to the recent payroll report, the U.S. government hired 48,000 census workers in March.
March Employment Numbers Better Thanks to Government Hiring -- Seeking Alpha
Weren't there only about 40,000 government jobs that were created by the census? Care to explain what happened to the other 90,000?
Or, are you going to admit that the bragging that Krewe Obama did a couple months ago about job gains was bull****?
were does tax money come from?
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