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Thread: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

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    Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    http://www.bloomberg.com/news/2012-0...e-at-8-2-.html

    Payrolls rose 80,000 last month after a 77,000 increase in May, Labor Department figures showed today in Washington. Economists projected a 100,000 gain, according to the median estimate in a Bloomberg News survey. The unemployment rate held at 8.2 percent. Private employment, which excludes government agencies, increased 84,000 in June, the weakest in 10 months.
    Stocks fell on concern hiring has shifted into a lower gear, restricting consumer spending and leaving the economy more vulnerable to a global slowdown. The figures underscore concern among some Fed policy makers that growth isn’t fast enough to lower unemployment stuck above 8 percent since February 2009.

    The Standard & Poor’s 500 Index fell 0.9 percent to 1,356.01 at 9:39 a.m. in New York. The yield on the benchmark 10-year Treasury note dropped to 1.56 percent from 1.60 percent late yesterday.
    The anemic hiring trend continues, although at a slightly quicker pace than the previous month. Government payrolls continued their slide last month, shedding around 4,000 employees. It seems the slowdown undoubtedly has been exacerbated by the threat of further financial turmoil in Europe and the lack of consumer activity in general. Let's hope this trend is short lived and not simply another step towards an economic contraction.

    The detailed report can be found here: http://www.bls.gov/news.release/empsit.nr0.htm
    Last edited by a351; 07-06-12 at 11:06 AM.

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Look at the bright side... at least it is positive growth and not the 700k negative growth when this administration took over. Is it good enough? Nope, but again considering the state of American politics (total and utter gridlock and negative attack talk) and the state of the world economy due to the sub-prime mortgage melt down in 2007-8, then that there was growth at all is almost impressive.
    PeteEU

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Four more years! LMAO

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Quote Originally Posted by PeteEU View Post
    Look at the bright side... at least it is positive growth and not the 700k negative growth when this administration took over. Is it good enough? Nope, but again considering the state of American politics (total and utter gridlock and negative attack talk) and the state of the world economy due to the sub-prime mortgage melt down in 2007-8, then that there was growth at all is almost impressive.
    The growth is nice, but it's rather pathetic. Sorry, "Not getting worse" is just not good enough.


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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Quote Originally Posted by PeteEU View Post
    then that there was growth at all is almost impressive.
    If you think that's impressive, just wait and see what happens when we're no longer riding the brakes with the Obama admin.

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Quote Originally Posted by Taylor View Post
    If you think that's impressive, just wait and see what happens when we're no longer riding the brakes with the Obama admin.
    yes, then we could return to the same practices that put our economy in the ditch
    great idea [/s]
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Quote Originally Posted by justabubba View Post
    yes, then we could return to the same practices that put our economy in the ditch
    great idea [/s]
    What? Educate yourself: Subprime mortgage crisis - Wikipedia, the free encyclopedia

    The great, teleprompter in chief, Omama blames MOST of our economic woes on the "Bush" federal income tax rate cuts, yet Obama not only keeps those BAD rates, but doubles down on federal spending AND adds SS payroll tax cuts of his own. Yes he did! Hmm...
    Last edited by ttwtt78640; 07-06-12 at 11:45 AM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Quote Originally Posted by ttwtt78640 View Post
    i am there
    already recognize that the dicknbush policies pushed our economy over the edge
    no reason to return to them
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Quote Originally Posted by justabubba View Post
    i am there
    already recognize that the dicknbush policies pushed our economy over the edge
    no reason to return to them
    You got it wrong...when jobs are created its trickledown <smirk> when we lose jobs its a democrats fault....ALWAYS....when jobs are sent to china, democrats fault for not abolishing all regulations and not giving corps another tax cut....you need to get edgejumicated about this economic stuff
    Last edited by lpast; 07-06-12 at 11:44 AM.

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    Re: Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

    Yes, with a true unemployment rate hovering near 14%, plus millions of also tight-walleted part-timers dying for full-time living-wage work, the continuing SNAFU is completely understandable, as these people need to spend money to create more job opportunities, which they can't do because they don't have jobs, which they don't have because no one is hiring, which is because there's not enough increase in customer spending to justify full-time living-wage hiring ...

    ... So without heroic measures to create a super-customer(s), like Uncle Sam in 1942, and to bring in- and out- sourced jobs back to the poor sub-primers and other "middle-class" Americans devastated by this mess, are today's figures really any real surprise to any reasonable person not suffering from the dumbing-down effects of political wing ideology?

    Of course not.

    Here's another similar link: US employers add 80,000 jobs as economy struggles - Yahoo! Finance complete with a rather unmissable quote:
    A weaker job market has made consumers less confident. They have pulled back on spending, even though gas prices have plunged since early spring.
    Gas prices plunging???

    I don't remember any plunging.

    I haven't heard any plunging sounds.

    Have you heard any plunging noises at the pump?

    There haven't been any plunging activities in my neighborhood.

    It would be nice, though, if there was some plunging going on ..

    .. Somewhere ..

    .. Anywhere ..

    .. Like, say, in Washington, D.C.
    You don't trust Trump? Well, there's only one way to leverage him to do what's economically right for us all: Powerful American Political Alliance. Got courage?! .. and a mere $5.00?

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