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Thread: US economy adds 288,000 jobs in June

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    A three percent reduction in the labor participation rate doesn't indicate a three percent contraction in our economy.
    I suspect that he was referring to the 2.9% annualized decline in real GDP for Q1.

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    Re: US economy adds 288,000 jobs in June

    I see you corrected just aas I started to edit...but thank you for showing that I was correct about the decline in participation going back to 2000.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by donsutherland1 View Post
    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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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by pbrauer View Post
    And the new jobs were not affected by Obamacare.
    That's not possible, Rush said that our economy was going to collapse on Jan 1st of this year due to Obamacare.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    That's not possible, Rush said that our economy was going to collapse on Jan 1st of this year due to Obamacare.
    Mega dittos


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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by pinqy View Post
    I see you corrected just aas I started to edit...but thank you for showing that I was correct about the decline in participation going back to 2000.
    Here's another way to look at it.

    Most of the increase in the labor force was due to women entering the workforce -- a change that was derided and decried by conservatives for years.

    Meanwhile, men have apparently been gradually staying out of the workforce increasingly since 1948.



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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by donsutherland1 View Post
    I suspect that he was referring to the 2.9% annualized decline in real GDP for Q1.
    When do the Q2 figures come out?

    I suspect that we will see a huge increase, making up for the Q1 decline.
    Quote Originally Posted by ocean515 View Post
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Jetboogieman View Post
    BBC News - US economy adds 288,000 jobs in June

    Some positive news for a change.
    288k is a step in the right direction... Cool beans.

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    Re: US economy adds 288,000 jobs in June

    We are not out of the woods yet, but bear in mind that some of the effects of the Great Depression that started in 1929 were felt until 1953, the year in which the stock market rebounded to what it was when the Great Depression hit.

    This is good news, though, but it is going to take some more years of continued growth before we can really say that everything is now OK. A downturn like this doesn't end in a day. It takes many years.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    When do the Q2 figures come out? I suspect that we will see a huge increase, making up for the Q1 decline.
    1st pass is probably end of August. Revised figures will probably follow in about a month.

    And yes, the current predictions are all positive, in part there is an assumption of pent-up demand from Q1, plus exports are up.

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