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

Tettsuo

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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.
 
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.
 
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?
 
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.
 
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.
 
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 :spin:.
 
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?
 
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.
 
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
What about the jobs lost during the recovery?
Those are included. We've gained those jobs back as well.
 
A) The unemployment rate was 5.0 in December 2007 and January 2008, which was the official beginning of the recession. Source



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

Those are included. We've gained those jobs back as well.

So explain the shrinkage in the labor force and higher unemployment rate.

The only explanation is that there are far more people not working today both in the labor force and outside the labor force than there were in late 2007.
 
This is absolutely, comically delusional.

People dropping out of the workforce is HORRIBLE news. There are 92,000,000 working-age people in America not working. That's 37 percent of Americans 16 or older. That is a whole lot of idle time being spent largely on the government dole.

Stop believing this drivel, folks.

37.2%: Percentage Not in Labor Force Remains at 36-Year High | CNS News
 
Obama's success must be killin' you guys! LOL! :lamo
 
Oooooh a whole 5 cents? That makes up for all the losses :roll:

All the losses? Average wages have ticked downwards in all of 5 months in the last three years.

I'm sure the 21.9 million underemployed agree with you when compared to 11.8 million back in 06.

:shrug: No one has claimed that the labor market is in similar health to '06. Underemployment has decreased in similar proportion to the U-3, declining from a peak of 17.2 at the height of the recession to 12.2 today.
 
Obama's success must be killin' you guys! LOL! :lamo

Not only are these statistics BS, this is the most corrupt and sadly inept administration that I've ever seen run a hardware store, let alone the United States of America. This is the government of a third-world nation at work.
 
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.

Obama is saving that as a gift to the Democrat Presidential nominee in 2016 in the hopes that he can save the Senate in 2014. Simple, crash politics - no concern for the public good, just saving the asses of the political elites.
 
So explain the shrinkage in the labor force and higher unemployment rate.

shrinkage is real the 8.8 million jobs created is :spin: . Besides they are not the good quality jobs we had at one time. The jobs being created now are low wage part time service sector jobs.


Daily Job Cuts - Layoff News , Job Layoffs 2014 / 2013 , Bankruptcy, Store closings, Business Economy News < this site shows daily joblosses yes daily

U.S. jobless claims rise 8,000 to 312,000 - MarketWatch tell me how does the jobless claims rise by 8000 instead of going down?

ok ok sure lets say we created 217,000 jobs but claims went up by 8000 clearly mean that 225,000 jobs were lost.
 
So explain the shrinkage in the labor force
There isn't a shrinkage in the labor force. There are more people in the labor force now than in December of 2007.

Bureau of Labor Statistics Data

What you're likely referring to is the labor force participation rate. Big difference. And how is it explained? The Baby Boomers are retiring. That's how it is explained.
and higher unemployment rate.
Well, when you have more people in the labor force, but roughly the same amount of jobs...

Again, it's simple mathematics.

The only explanation is that there are far more people not working today both in the labor force and outside the labor force than there were in late 2007.
Yes, and we call them retirees and college students. Are there others who can't find a job? Absolutely. But many times that has far more to do with where those people live and the skills required for the job than it does a simple body per job.
 
The jobs figures are in net form bud.

No, they are not, bud. Until you people start using real numbers, which should include the millions Obama has chased out of the workforce, you're simply propagating a lie. Again and again, you choose to ignore those that dropped out of the work force altogether. They're still here, bud.
 
Obama is saving that as a gift to the Democrat Presidential nominee in 2016 in the hopes that he can save the Senate in 2014. Simple, crash politics - no concern for the public good, just saving the asses of the political elites.

yup I know.
 
No, they are not, bud.
Yes, yes they are. When a jobs report is released, it is jobs added minus jobs subtracted. After taking the jobs added and subtracting the jobs lost, we gained a net total of 217,000.
 
Are you under the impression that the administration authors the jobs report? Did you question the validity of employment data under administrations that shared your politics? Your posts here seem to suggest that you've either a lack of knowledge about the process or are letting your politics dictate what you do and don't accept as fact.

No, I understand what these numbers reflect, and more importantly, what they don't reflect.

Fortunately, the nation has figured out the BS being spewed, and it's being entirely ignored. That's what happens when you don't tell the truth over and over and over and over and over about everything.

People know the puke running the show, and they've tuned him out.
 
No, they are not, bud.

Yes, they plainly are. If what you claim were true, than months in which the bureau reported a negative number would suggest that not a single job was created. This is painfully obvious.

Until you people start using real numbers, which should include the millions Obama has chased out of the workforce, you're simply propagating a lie. Again and again, you choose to ignore those that dropped out of the work force altogether. They're still here, bud.

The BLS has not altered their methodology since Obama took office. You simply have zero clue what you're talking about. I doubt you've so much as read up on what and what is not included in the numbers.
 
Yes, yes they are. When a jobs report is released, it is jobs added minus jobs subtracted. After taking the jobs added and subtracting the jobs lost, we gained a net total of 217,000.

And that doesn't equal the number of kids that will graduate from college this month. So what?

Meanwhile, the number of people receiving government welfare is skyrocketing.
 
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