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Thread: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

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    U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3% | Fox Business

    The U.S. added 217,000 jobs in May as labor markets seem to be gaining the kind of sustained momentum that has proven elusive as the economy has struggled to recover from the 2008 financial crisis.
    The headline unemployment rate was 6.3%, according to figures released Friday by the Labor Department. That rate is the same as in April, when 288,000 jobs were created, far more than had been expected.
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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Good to see the momentum continue. Also worthy of note is the fact that we've now recouped all the jobs lost since the beginning of the financial crisis.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by a351 View Post
    Good to see the momentum continue. Also worthy of note is the fact that we've now recouped all the jobs lost since the beginning of the financial crisis.
    Heck yea losing a 40 hour a week job and getting a part time minimum wage job just shows how awesome the economy is huh?

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by votemout View Post
    Heck yea losing a 40 hour a week job and getting a part time minimum wage job just shows how awesome the economy is huh?
    The average workweek was unchanged and wages ticked upwards:

    The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5
    hours in May.

    In May, average hourly earnings for all employees on private nonfarm payrolls rose by
    5 cents to $24.38.
    http://www.bls.gov/news.release/empsit.nr0.htm

    Don't let the actual data spoil your talking points though.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by a351 View Post
    Good to see the momentum continue. Also worthy of note is the fact that we've now recouped all the jobs lost since the beginning of the financial crisis.
    And yet, the unemployment rate in the Bush administration before the financial crisis was about 4.6% and the labor force was larger, so I'm not sure how you get that all job losses have been recouped.

    Needless to say, however, it's always good news when jobs are being added, considering the alternative.
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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by a351 View Post
    The average workweek was unchanged and wages ticked upwards:

    Employment Situation Summary

    Don't let the actual data spoil your talking points though.
    Oooooh a whole 5 cents? That makes up for all the losses

    I'm sure the 21.9 million underemployed agree with you when compared to 11.8 million back in 06.
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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by a351 View Post
    The average workweek was unchanged and wages ticked upwards:



    Employment Situation Summary

    Don't let the actual data spoil your talking points though.
    great doing the avg. thing huh? fine so the upper most workers get paid more and this offsets more lower wage jobs being added.
    Not really rocket science, but answer this one question. How much effect did dictator Obama's Executive order giving ALL federal workers a 10.10 minimum wage factor into all of this?
    I assure you more then you think, but hey its your .

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by a351 View Post
    Good to see the momentum continue. Also worthy of note is the fact that we've now recouped all the jobs lost since the beginning of the financial crisis.
    What about the jobs lost during the recovery?
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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by CanadaJohn View Post
    And yet, the unemployment rate in the Bush administration before the financial crisis was about 4.6% and the labor force was larger, so I'm not sure how you get that all job losses have been recouped.

    Needless to say, however, it's always good news when jobs are being added, considering the alternative.

    Just wait until they allow all the obummercare mandates to actually kick in. You know those mandates and "laws" they keep pushing further and further out because they know how detrimental they will be on the economy.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by CanadaJohn View Post
    And yet, the unemployment rate in the Bush administration before the financial crisis was about 4.6%
    A) The unemployment rate was 5.0 in December 2007 and January 2008, which was the official beginning of the recession. Source

    so I'm not sure how you get that all job losses have been recouped.
    B) 8.7 million jobs were lost during the recession. 8.8 jobs have been created since February 2010. 8.8 million > 8.7 million.

    Source
    Quote Originally Posted by apdst View Post
    What about the jobs lost during the recovery?
    Those are included. We've gained those jobs back as well.

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