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US economy adds 288,000 jobs in June

Some nice changes in some of the longer-term and broader unemployment measures, too.

Employment_June2014.jpg


Note: September 2007 is the last report prior to the official start of the Great Recession.
 
That is a nice number. Qualified, of course. But a good number in any event.

This jobs data provides further evidence that the narrative of ongoing modest to moderate economic growth continues. It also provides a fresh argument that the Q1 contraction was largely due to temporary factors. Firms would not be hiring at a robust pace if they lacked confidence that aggregate demand had reached levels that justified adding to their payrolls and that such demand would be sustained.
 
Because the economic news is good, the numbers are askew to Conservative eyes.


Yes, a 3 percent contraction 6 years in is " Good news " .

No, not really.
 
3/4 of them are likely temp and retail jobs.
 
Yes, a 3 percent contraction 6 years in is " Good news " .

No, not really.

The unemployment rate fell... again. Is that why you're talking about the 3% contraction instead of what the thread is about?
 
The unemployment rate fell... again. Is that why you're talking about the 3% contraction instead of what the thread is about?


LOL !!

Thats all you need , right ? A number out of context ro proclaim " Success " !!

The unemployment rate has been falling for months and months.

So has the labor participation rates.

You see Conservatives aren't taken in by rhetoric and feel good BS numbers like the drop in the unemployment rates.

We're not taken in by empty platitudes and bumper sticker slogans either

We dont have to cover for a corrupt and incompetent President, YOU do.

That means we can offer up a honest and accurate representation of how bad our economy really is.
 
LOL !!

Thats all you need , right ? A number out of context ro proclaim " Success " !!

The unemployment rate has been falling for months and months.

So has the labor participation rates.
Labor Force Participation Rate for 2014
January: 63
February: 63
March: 63.2
April: 62.8
May: 62.8
June: 62.8

And don't forget, the participation rate has been dropping for the last 14 years....it can go up or down based on demographic and other non-labor market factors.
 
The unemployment rate fell... again. Is that why you're talking about the 3% contraction instead of what the thread is about?

Because, the unemployment rate means nothing if the economy, wages, and hours are being shrunk. YAY everybody has a minimum wage job working a 20 hour week!

People who aren't jumping for joy about this number are realistic, and don't just overlook the US economy shrinking by 3%, a worrying figure.
 
Good job everyone.
 
I always think it's funny to watch certain people of a certain political persuasion try to portray people getting jobs as a bad thing.
 
LOL !!

Thats all you need , right ? A number out of context ro proclaim " Success " !!

The unemployment rate has been falling for months and months.

So has the labor participation rates.

You see Conservatives aren't taken in by rhetoric and feel good BS numbers like the drop in the unemployment rates.

We're not taken in by empty platitudes and bumper sticker slogans either

We dont have to cover for a corrupt and incompetent President, YOU do.

That means we can offer up a honest and accurate representation of how bad our economy really is.

A three percent reduction in the labor participation rate doesn't indicate a three percent contraction in our economy. It just means that three percent of our population have decided to become homemakers, home schoolers, or retire, or go to college.

Nothing wrong with that. The lfpr has been declining since the year 2000, expect the trend to continue to happen for another hundred years as we have less and less need for human labor.

Ten or twenty years in the future, I'm going to have a good time looking at the posts that people like you made, and ridiculing them.
 
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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.
 
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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