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Thread: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%[W:59]

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    U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%[W:59]

    'U.S. payrolls increased by 209,000 in July, a solid reading that extends the steadiest period of job creation since the end of the recession.

    American employers now have added more than 200,000 jobs for six consecutive months, arguably the most impressive string of gains since 2006. The unemployment rate, which the Labor Department derives from a separate survey of households, rose to 6.2 per cent from 6.1 per cent in June.'

    U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2% - The Globe and Mail


    The headline is, IMO, a mixed bag.

    But if you look at the household survey, only 131,000 jobs were created in July.

    And the prime 25-54 age group lost 142,000 jobs.

    http://www.bls.gov/news.release/empsit.t01.htm

    http://www.bls.gov/news.release/empsit.t09.htm


    The Mercedes-McDonald's recovery marches on.
    Last edited by DA60; 08-01-14 at 11:57 AM.

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    U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

    U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2% | Fox Business

    In speeches, Yellen has also lamented the large number of jobs lost during the recession that are now being replaced either by part-time or temporary positions, depriving workers of a full-time job with the salary and benefits that go with a full-time position.

    Also being closely watched is the labor force participation rate, a key measure of the percentage of Americans currently working. The rate rose slightly in July to 62.9% up from 62.8% a month earlier, but the figure is still at its lowest level in four decades. The employment-population ratio, at 59%, was unchanged over the month but has edged up by 0.3% over the past 12 months.
    7.5 million long term unemployed, 750,000 discourage workers, 9.7 million unemployed, 146.4 million working Americans, 156 million labor force.

    Are these really numbers people want to cheer 5 years after the end of the media claimed Great Recession?

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    Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

    Quote Originally Posted by Conservative View Post
    U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2% | Fox Business



    7.5 million long term unemployed, 750,000 discourage workers, 9.7 million unemployed, 146.4 million working Americans, 156 million labor force.

    Are these really numbers people want to cheer 5 years after the end of the media claimed Great Recession?
    So there was no recession, but Obama is to blame for the lack of recovery from this non-existent recession?

    I'm trying to figure out where you're going here. Either there was a recession and we aren't doing well recovering, or there was no recession and therefore nothing to recover from. Well, actually we know where you're going - around in logical circles.


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    Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

    Quote Originally Posted by Conservative View Post
    U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2% | Fox Business



    7.5 million long term unemployed, 750,000 discourage workers, 9.7 million unemployed, 146.4 million working Americans, 156 million labor force.

    Are these really numbers people want to cheer 5 years after the end of the media claimed Great Recession?
    These numbers are grossly under-stated, as the BLS only sees the tip of the iceberg when it comes to off-the-radar Americans who are unemployed and financially under-employed.

    The Great Recession is still making scores of millions of Americans' lives miserable.
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    Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

    Quote Originally Posted by rocket88 View Post
    So there was no recession, but Obama is to blame for the lack of recovery from this non-existent recession?

    I'm trying to figure out where you're going here. Either there was a recession and we aren't doing well recovering, or there was no recession and therefore nothing to recover from. Well, actually we know where you're going - around in logical circles.
    The term was GREAT RECESSION and one would think that after a GREAT RECESSION there would be a GREAT recovery boosted by the strong leadership and rhetoric of Obama. You seem to not understand the concept of recovery

    I lived during a GREAT recession, 81-82 that affected EVERY AMERICAN, not one like this. Such short term memory many have with most apparently too young or not even born to know about that one.

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    Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

    Quote Originally Posted by Ontologuy View Post
    These numbers are grossly under-stated, as the BLS only sees the tip of the iceberg when it comes to off-the-radar Americans who are unemployed and financially under-employed.

    The Great Recession is still making scores of millions of Americans' lives miserable.
    It is lack of leadership, lack of a pro growth economic policy, promotion of class warfare and envy that is leading to this poor recovery and miserable life for millions.

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    Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

    BTW, the average weekly earnings of the Goods Producing industry actually went down.

    Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted


    IMO, this is yet again, another bad report.

    Not horrific but a continuation of a negative trend.
    Last edited by DA60; 08-01-14 at 01:06 PM.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Moderator's Warning:
    U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%[W:59]Merged.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    my favorite time of the month.

    these numbers look amazing awful great bad. the economy is officially recovered depression oh noes woohoo!

    (depending on lean.)

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    my (for realz) take :

    it's moving in the right direction. however, the recovery is still really top heavy, and i doubt that these are mostly kickass, raise-a-family type jobs.

    still, looking at what the rest of the world is currently going through, we should definitely be grateful that we live in a place where the fight of the day is about how strong the recovery is this month. seriously.

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