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Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

a351

#NeverTrump
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http://www.bloomberg.com/news/2012-...rose-80-000-in-june-jobless-rate-at-8-2-.html

Payrolls rose 80,000 last month after a 77,000 increase in May, Labor Department figures showed today in Washington. Economists projected a 100,000 gain, according to the median estimate in a Bloomberg News survey. The unemployment rate held at 8.2 percent. Private employment, which excludes government agencies, increased 84,000 in June, the weakest in 10 months.
Stocks fell on concern hiring has shifted into a lower gear, restricting consumer spending and leaving the economy more vulnerable to a global slowdown. The figures underscore concern among some Fed policy makers that growth isn’t fast enough to lower unemployment stuck above 8 percent since February 2009.

The Standard & Poor’s 500 Index fell 0.9 percent to 1,356.01 at 9:39 a.m. in New York. The yield on the benchmark 10-year Treasury note dropped to 1.56 percent from 1.60 percent late yesterday.

The anemic hiring trend continues, although at a slightly quicker pace than the previous month. Government payrolls continued their slide last month, shedding around 4,000 employees. It seems the slowdown undoubtedly has been exacerbated by the threat of further financial turmoil in Europe and the lack of consumer activity in general. Let's hope this trend is short lived and not simply another step towards an economic contraction.

The detailed report can be found here: http://www.bls.gov/news.release/empsit.nr0.htm
 
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Look at the bright side... at least it is positive growth and not the 700k negative growth when this administration took over. Is it good enough? Nope, but again considering the state of American politics (total and utter gridlock and negative attack talk) and the state of the world economy due to the sub-prime mortgage melt down in 2007-8, then that there was growth at all is almost impressive.
 
Look at the bright side... at least it is positive growth and not the 700k negative growth when this administration took over. Is it good enough? Nope, but again considering the state of American politics (total and utter gridlock and negative attack talk) and the state of the world economy due to the sub-prime mortgage melt down in 2007-8, then that there was growth at all is almost impressive.

The growth is nice, but it's rather pathetic. Sorry, "Not getting worse" is just not good enough.
 
then that there was growth at all is almost impressive.

If you think that's impressive, just wait and see what happens when we're no longer riding the brakes with the Obama admin.
 
If you think that's impressive, just wait and see what happens when we're no longer riding the brakes with the Obama admin.

yes, then we could return to the same practices that put our economy in the ditch
great idea [/s]
 
yes, then we could return to the same practices that put our economy in the ditch
great idea [/s]

What? Educate yourself: Subprime mortgage crisis - Wikipedia, the free encyclopedia

The great, teleprompter in chief, Omama blames MOST of our economic woes on the "Bush" federal income tax rate cuts, yet Obama not only keeps those BAD rates, but doubles down on federal spending AND adds SS payroll tax cuts of his own. Yes he did! Hmm...
 
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i am there
already recognize that the dicknbush policies pushed our economy over the edge
no reason to return to them

You got it wrong...when jobs are created its trickledown <smirk> when we lose jobs its a democrats fault....ALWAYS....when jobs are sent to china, democrats fault for not abolishing all regulations and not giving corps another tax cut....you need to get edgejumicated about this economic stuff
 
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Yes, with a true unemployment rate hovering near 14%, plus millions of also tight-walleted part-timers dying for full-time living-wage work, the continuing SNAFU is completely understandable, as these people need to spend money to create more job opportunities, which they can't do because they don't have jobs, which they don't have because no one is hiring, which is because there's not enough increase in customer spending to justify full-time living-wage hiring ...

... So without heroic measures to create a super-customer(s), like Uncle Sam in 1942, and to bring in- and out- sourced jobs back to the poor sub-primers and other "middle-class" Americans devastated by this mess, are today's figures really any real surprise to any reasonable person not suffering from the dumbing-down effects of political wing ideology?

Of course not.

Here's another similar link: US employers add 80,000 jobs as economy struggles - Yahoo! Finance complete with a rather unmissable quote:
A weaker job market has made consumers less confident. They have pulled back on spending, even though gas prices have plunged since early spring.

Gas prices plunging???

I don't remember any plunging.

I haven't heard any plunging sounds.

Have you heard any plunging noises at the pump?

There haven't been any plunging activities in my neighborhood.

It would be nice, though, if there was some plunging going on ..

.. Somewhere ..

.. Anywhere ..

.. Like, say, in Washington, D.C.
 
i am there
already recognize that the dicknbush policies pushed our economy over the edge
no reason to return to them

What? We NEVER left them. The great, teleprompter in chief, Omama blames MOST of our economic woes on the "Bush" federal income tax rate cuts, yet Obama not only keeps those BAD rates, but doubles down on federal spending AND adds SS payroll tax cuts of his own. Yes he did! Hmm...
 
You got it wrong...when jobs are created its trickledown <smirk> when we lose jobs its a democrats fault....ALWAYS


c'mon, you know it makes sense to give tax breaks to the rich in a time of war and out of control deficit spending
let's get that regime back in office
 
c'mon, you know it makes sense to give tax breaks to the rich in a time of war and out of control deficit spending
let's get that regime back in office

Are you kidding me? Obama rammed through a massive mess, the PPACA, yet left tax rates UNTOUCHED. Explain that, and THEN rant about how Bush ruined the economy by using the "Obama" tax rates, but while Bush was spending 20% less. LOL
 
c'mon, you know it makes sense to give tax breaks to the rich in a time of war and out of control deficit spending
let's get that regime back in office

Do you really think looking in the rear view mirror is what is needed to fix this economy. I have heard nothing from either candidate that seems to be an answer.
 
c'mon, you know it makes sense to give tax breaks to the rich in a time of war and out of control deficit spending
let's get that regime back in office

You have to feel pity on the rich...since this recession started they havent been getting their usual 130% raises and hundred million dollar bonus'
 
You have to feel pity on the rich...since this recession started they havent been getting their usual 130% raises and hundred million dollar bonus'

Maybe that is why TD is always so cranky..kidding kidding
Recover will happen..personally a bigger concern is not letting something of a similar magnitude ever happen again
 
Do you really think looking in the rear view mirror is what is needed to fix this economy. I have heard nothing from either candidate that seems to be an answer.

Santayana told us that those who fail to learn their history are destined to re-live it
so, in politics, it is not bad form to examine which regimes have placed our nation at risk
and certainly the practices of the dicknbush regime did so. especially economically
causing a reasonable person to conclude that we should not again opt for a re-visiting of those same political policies and practices upon our nation
 
Look at the bright side... at least it is positive growth and not the 700k negative growth when this administration took over. Is it good enough? Nope, but again considering the state of American politics (total and utter gridlock and negative attack talk) and the state of the world economy due to the sub-prime mortgage melt down in 2007-8, then that there was growth at all is almost impressive.

Your excuses are getting kind of old after 4 years...

Just sayin...
 
Santayana told us that those who fail to learn their history are destined to re-live it
so, in politics, it is not bad form to examine which regimes have placed our nation at risk
and certainly the practices of the dicknbush regime did so. especially economically
causing a reasonable person to conclude that we should not again opt for a re-visiting of those same political policies and practices upon our nation

It might also cause a reasonable person to expect those policies will NOT be revisited.
 
Let's compare apples to apples.

– If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today—the U-3 unemployment rate would be 10.9%. Even if you take into account that the LFP should be declining as America ages, the unemployment rate would be 10.5%.

June jobs swoon: America’s labor market depression continues | AEIdeas

Which makes Obama appear as a turd.
 
It might also cause a reasonable person to expect those policies will NOT be revisited.

but the gop/romney is telling us it intends to return to the policies and practices of the dicknbush regime
return to the very actions that put our economy in the ditch in the first place
 
but the gop/romney is telling us it intends to return to the policies and practices of the dicknbush regime
return to the very actions that put our economy in the ditch in the first place

Yea, less regulation is exactly what US business needs.. especially the bankers and big financial institutions...and the big polluting industries.. so what if you get real fire water, and your children grown extra fingers...

What the US needs is not less regulation but the correct regulation and the enforcement of said regulations. On top of that it needs to break the GOP lead cluster**** deadlock in Congress so they can actually get around to do something instead of "investigating" idiotic things /wave Issa.

As for saving money.. start with Congress.. cut 50% of all wages and sums given to every Senator and Congressman. Maybe then they will feel how it is to be an ordinary citizen in the US.
 
As for saving money.. start with Congress.. cut 50% of all wages and sums given to every Senator and Congressman. Maybe then they will feel how it is to be an ordinary citizen in the US.

tie their salary and benefits (including vacation) to the national average. that should give them a bit more motivation.

they can campaign during their 2 weeks PTO (that they earn over the course of the year day by day.) if they get sick, they can use their high deductible HMO. or, better yet, we can set their work week at 36 hours and deny them health care coverage. but it's ok; they can buy health insurance on the "free market."
 
but the gop/romney is telling us it intends to return to the policies and practices of the dicknbush regime
return to the very actions that put our economy in the ditch in the first place

I simply do not believe that Romney is saying this, so I find your response less than truthful. But I am willing to listen to what Bush policies that got us in this ditch he is advocating.
 
I simply do not believe that Romney is saying this, so I find your response less than truthful. But I am willing to listen to what Bush policies that got us in this ditch he is advocating.

well, we agree romney is giving us no specifics while insisting he has a way out of the economic woods
but the GOP spokesmodels are telling us that tax cuts for the rich and elimination of regulations will be the party's platform
an obvious return to the policies and practices of the dicknbush era, the one that turned our nation's economy upside down
 
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