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

DA60

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'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.
 
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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?
 
Re: 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



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.
 
Re: 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



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

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

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. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Moderator's Warning:
Merged.
 
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.)
 
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.
 
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.

What you are seeing here is the benefit of having a private sector economy vs. the world economy dependent on the govt. which is what Obama wants this country to be like. The private sector economy and individual initiative is trying to counter the negative Obama Administrative polices. Imagine what our economy would be like with a pro growth govt. that worked along side the private sector?
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

What you are seeing here is the benefit of having a private sector economy vs. the world economy dependent on the govt. which is what Obama wants this country to be like. The private sector economy and individual initiative is trying to counter the negative Obama Administrative polices. Imagine what our economy would be like with a pro growth govt. that worked along side the private sector?

i don't agree. the private sector hasn't kept up with the need for good jobs. this is because the private sector has an incentive to run with minimal employment, and doesn't need that many people working full time. our resource distribution model is job > money > access to resources. this requires enough jobs for everyone, unless you'd prefer to support a growing group of unemployed workers as we progress ever closer to a post labor economy.

personally, i see a lot of things that need done, most of which aren't immediately profitable. i also see a lot of people who could be trained to do those jobs. i'm fine with the public sector employing everyone that the private sector doesn't need. beats paying people not to work, though in the current employment environment and with a huge paywall between the average citizen and higher education / training, i don't have much of a problem with entitlements. laissez faire is a lot like communism : it works in theory, but not in practice. assuming that we want to keep our current resource distribution model, we need to hire people to do things that need to be done. since i'm not for forcing the private sector to pick up the slack (though i would support tax breaks for the corporations that do,) the public sector is the remaining option.
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

i don't agree. the private sector hasn't kept up with the need for good jobs. this is because the private sector has an incentive to run with minimal employment, and doesn't need that many people working full time. our resource distribution model is job > money > access to resources. this requires enough jobs for everyone, unless you'd prefer to support a growing group of unemployed workers as we progress ever closer to a post labor economy.

personally, i see a lot of things that need done, most of which aren't immediately profitable. i also see a lot of people who could be trained to do those jobs. i'm fine with the public sector employing everyone that the private sector doesn't need. beats paying people not to work, though in the current employment environment and with a huge paywall between the average citizen and higher education / training, i don't have much of a problem with entitlements. laissez faire is a lot like communism : it works in theory, but not in practice. assuming that we want to keep our current resource distribution model, we need to hire people to do things that need to be done. since i'm not for forcing the private sector to pick up the slack (though i would support tax breaks for the corporations that do,) the public sector is the remaining option.

And your links to proof of this matter-of-fact statement are...?

Or would you care to rephrase it in the form of an opinion?
 
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Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

And your links to proof of this matter-of-fact statement are...

it's pretty much on the opposite end of the spectrum from a command economy, which also can't work. in a laissez faire system, there's only incentive to cut costs and make profit. it's pretty much capitalism without any hint of social responsibility. systems like that result in winners, and then fewer winners, and then even fewer until you have massive monopolies. once you get there, the system eats itself.

Laissez faire resembles an anarchistic form of capitalism, and doesn't work because the entities won't self regulate. proponents of laissez faire claim that the market will regulate itself and that inferior products will be rejected, but i could easily start a company with an inferior (and possibly dangerous) product, put it out there to maximize profit, go under when it's discovered that the product is ****, and then make a new company to produce another lousy product with the profits from the first. not to mention, in a system like that, an employee is little more than an expense, and the only real incentive is to make money.

personally, i think that capitalism is the best system we've come up with, because it has the potential to bring wealth to the largest number of people. someone can be born into poverty and he or she at least has the chance to become middle class. without regulation, though, it begins to resemble feudalism, with barons and serfs. i know that this idea is not popular with libertarians, but i think that capitalism should have something of a conscience. we should tweak the system, and find the ideal level of regulation. where that point may be is up for debate, but that there should be no regulation or skeletal regulation is not a viable plan, in my opinion. that's what got us to company towns and rivers catching on fire.
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

it's pretty much on the opposite end of the spectrum from a command economy, which also can't work. in a laissez faire system, there's only incentive to cut costs and make profit. it's pretty much capitalism without any hint of social responsibility. systems like that result in winners, and then fewer winners, and then even fewer until you have massive monopolies. once you get there, the system eats itself.

Laissez faire resembles an anarchistic form of capitalism, and doesn't work because the entities won't self regulate. proponents of laissez faire claim that the market will regulate itself and that inferior products will be rejected, but i could easily start a company with an inferior (and possibly dangerous) product, put it out there to maximize profit, go under when it's discovered that the product is ****, and then make a new company to produce another lousy product with the profits from the first. not to mention, in a system like that, an employee is little more than an expense, and the only real incentive is to make money.

personally, i think that capitalism is the best system we've come up with, because it has the potential to bring wealth to the largest number of people. someone can be born into poverty and he or she at least has the chance to become middle class. without regulation, though, it begins to resemble feudalism, with barons and serfs. i know that this idea is not popular with libertarians, but i think that capitalism should have something of a conscience. we should tweak the system, and find the ideal level of regulation. where that point may be is up for debate, but that there should be no regulation or skeletal regulation is not a viable plan, in my opinion. that's what got us to company towns and rivers catching on fire.

Well spoken...but, respectfully, it's just theory.

I was only interested in links to evidence of proof.

I think ANY government involvement in the economy (except with illegalities like fraud and an emergency social safety net) end up skewing the economy in the negative.

You obviously disagree...so be it.


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

Well spoken...but, respectfully, it's just theory.

I was only interested in links to evidence of proof.

I think ANY government involvement in the economy (except with illegalities like fraud and an emergency social safety net) end up skewing the economy in the negative.

You obviously disagree...so be it.


Later.

historically, there are a few examples, such as the Irish potato famine :

The History Place - Irish Potato Famine: The Blight Begins

the government made a minimalist response, and the private entities exported essential food to where it would reap the biggest profit. tenant farmers were kicked off the lands to starve. the result is that a big chunk of the population had to emigrate to the US.

like i said, it is a theory, and may even work for brief periods of time. but when things get bad, it seems to cause things to spiral further out of control.
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Utter BS.

There is a staggering number of people of working age that are unemployed. These figures don't count those that quit looking or would rather draw welfare.
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

We all know how ConservaTEA/FOX spinners would be jubilant if these numbers over 200,000 for the last SIX months were for Romney. Another great day for America, another sad day for the anti-Obama/anti-Democratic crowd .
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

We all know how ConservaTEA/FOX spinners would be jubilant if these numbers over 200,000 for the last SIX months were for Romney. Another great day for America, another sad day for the anti-Obama/anti-Democratic crowd .

It is 5 years after the end of the recession and Romney, IMO, would have had better numbers long before this. What is it about Obama that creates your continued loyalty to his incompetence
 
Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

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.

LOL...says the man who continues to try to argue that the economy was better under the previous clown in the whitehouse. Too funny....
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

What you are seeing here is the benefit of having a private sector economy vs. the world economy dependent on the govt. which is what Obama wants this country to be like. The private sector economy and individual initiative is trying to counter the negative Obama Administrative polices. Imagine what our economy would be like with a pro growth govt. that worked along side the private sector?

Mu guess is that it would look like Texas....where corporations are given free land and all kinds of other corporate welfare, where the people work for minimum wage and have the worst in the country healthcare and near bottom education. Uh....thanks....but no thanks.
 
Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

LOL...says the man who continues to try to argue that the economy was better under the previous clown in the whitehouse. Too funny....

Pretty funny that you ran from the other forum when I proved your minimum wage comments were typical bs of yours. You do that a lot. What is very sad is your loyalty to a failed ideology because you think with your heart instead of your brain. Name for me the economic result that Obama has that are better than Bush's? Unemployment? NO, Debt, NO, GDP NO.

You have this fixation about diverting to Bush when the reality is you voted for an incompetent and cannot admit it.
 
Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Mu guess is that it would look like Texas....where corporations are given free land and all kinds of other corporate welfare, where the people work for minimum wage and have the worst in the country healthcare and near bottom education. Uh....thanks....but no thanks.

Guess that is why TX is creating jobs, has a growing population, and a booming economy. You ought to be an expert on minimum wage since you have more people earning minimum wage than any other state in the country and those people get more taxpayer handouts than any other states. Too bad you are too jealous to realize what an economic disaster your state is.
 
Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Pretty funny that you ran from the other forum when I proved your minimum wage comments were typical bs of yours. You do that a lot. What is very sad is your loyalty to a failed ideology because you think with your heart instead of your brain. Name for me the economic result that Obama has that are better than Bush's? Unemployment? NO, Debt, NO, GDP NO.

You have this fixation about diverting to Bush when the reality is you voted for an incompetent and cannot admit it.

LOL...Con....the only one "running" is you. You cannot accept the fact that Texas is dead last (tied with Mississippi) for having the highest percentage of people working for minimum wage. Deal with it my friend. It it your state that has created the reality that Corporations get rich with free land give aways and tax breaks for the wealthy.....all the while the people work for minimum wage and have the worst healthcare and education in the country. Be proud my friend.
 
Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Pretty funny that you ran from the other forum when I proved your minimum wage comments were typical bs of yours. You do that a lot. What is very sad is your loyalty to a failed ideology because you think with your heart instead of your brain. Name for me the economic result that Obama has that are better than Bush's? Unemployment? NO, Debt, NO, GDP NO.

You have this fixation about diverting to Bush when the reality is you voted for an incompetent and cannot admit it.

BTW.....you STILL are trying to argue that the economy was better under Bush? too funny. The more you keep trying to argue that GWB led us to economic Utopia, while people know otherwise...just further erodes the little credibility that you have.
 
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