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Thread: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

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    U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    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 Reserveís 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 Fedís program of purchasing $85 billion in bonds per month.

    http://www.nytimes.com/2013/07/06/bu...-7-6.html?_r=0
    not a horrible month. i agree that the money printing should stop.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Helix View Post
    not a horrible month. i agree that the money printing should stop.
    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 don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Surely a stronger report than many anticipated. The increase in construction related employment continues to point at an improving housing market, while the manufacturing sector and the federal government continue to shed jobs. Also important to note is the sizable increase in (involuntary) part time employment and the positive revisions for both April and May's figures.

    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.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by sawyerloggingon View Post
    195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.
    Bogus gov't propaganda. There are as many unemployed now as in 2008 and I think the actual number one side or the other of 27 million. Just change who counts in the total and fudge up some nice numbers to generate "Confidence." It's that "Confidence" that supports our Fiat Money. You know, "full faith and credit." Like a blessing from the Pope. Great stuff if you can generate "Confidence." The monies the US Treasury has given "Too big to fail" banks has had a multiplier effect of .1 to .3 and that is abysmal failure. OTOH, it gives "Confidence" to banks and who prints that Federal Reserve "Fiat Money?" Federal Reserve Bank Corporation. We're screwed!

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Converting 600,000 full time jobs with benefits to 29 hour-a-week jobs without benefits would create over 200,0ng 00 new jobs.

    And then the White House brags about it? Truly disgusting and a fundamental lie. If everyone was reduced to 20 hours a week and no benefits the White House would boast of creating 10,000,000 new jobs.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AlabamaPaul View Post
    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...
    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.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by sawyerloggingon View Post
    195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.
    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.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Good Job everybody.
    "Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough."
    -FDR

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    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.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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