Disaster Continues – US Loses 125,000 Jobs in June
Posted by Jim Hoft on Friday, July 2, 2010, 8:12 AM
Worst. President. Ever.
Barack Obama is the worst president in history on job creation–
According to data from the U.S. Bureau of Labor Statistics, the U.S. shed 2.3 million jobs since February 2009, Obama’s first full month in office. Since Obama’s election in 2008, the US economy has shed 4.4 million jobs. That’s worse than Herbert Hoover.
The US economy lost 125,000 jobs last month.
CNBC reported:
The US economy lost 125,000 jobs in June, more than economists had forecast, as thousands of temporary census jobs ended and private hiring grew less than expected.
And though the unemployment rate unexpectedly fell to 9.5% from 9.7%, the lowest in a year, it was largely due to more people dropping out of the labor force.
The report was the latest sign that the economic recovery may be faltering.
“Overall what this does is it reinforces the market’s view that the U.S. recovery is losing steam,” said Greg Salvaggio, vice president of trading at Tempus Consulting in Washington.
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SANTORUM HAS HUGE NIGHT – Cleans Up In Missouri, Minnesota and Big Win in Colorado, Too
Published February 7, 2012 at 8:46 pm - 119 Comments
StandUpChuck commented:
Somewhere in Georgia, a peanut farmer sleeps better at night.
mark commented:
The news will only get worse in the coming months. Vote in November–it’s the best thing you can do.
————–from NCPA http://www.ncpa.org/sub/dpd/index.php?Article_ID=19531&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ncpadpd+%28NCPA+-+Daily+Policy+Digest%29
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses January 1, 2011, says Americans For Tax Reform.
The first wave will be the expiration of 2001 and 2003 Tax Relief. In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
* Personal income tax rates will rise; the top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed).
* The lowest rate will rise from 10 to 15 percent; all the rates in between will also rise.
* Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.
Opus #6 commented:
Hey, wait. I thought he wasn’t going to raise tax rates.
Hey, wait. I thought he was going to “create jobs” by spending my tax money.
Hey, wait. I guess spending our way to prosperity is a lie.
JMo commented:
Here is the basic formula, the more you GROW government, the more the private economy SHRINKS. You want jobs, you have to make big cuts to government and taxes, which is the opposite of what our illustrious leaders are doing. They continue to grow government and spend/waste all of the money that is needed for investment in the private sector to create jobs. So, unemployment will continue to rise.
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kansas commented:
Focusing like a laser on jobs. Poof. Fewer jobs.
That’s not what we meant, Superman.
kansas commented:
Oh, yeah, Pelosis actually said the way to more jobs was through unemployment checks. I swear I have died and gone to hell.
Kevin P commented:
Michelle Bachmann. Chris Christie. Jan Brewer. Bobby Jindahl. Sarah Palin.
vs.
ObowMao. Pelosi. Reid. Boxer. Waxman. Frank. Biden.
Any ONE from the first group is better than the second group combined.
Liberalism IS a mental disorder.
BarbaraS commented:
People are not dropping out of the labor market. How can they? They need jobs to survive. There are no jobs to be had but people hav en’t stopped looking. What they mean is the workers are dropped from the government unemployment rolls. Their time has run out. They don’t count these people in their statistics. These workers didn’t miraclously find jobs so how can unemployment drop .2%. Everything that comes from Washington is a lie. Go by that theory and you won’t be fooled. We are getting perilously close to the depression of the 30s and the federal government is busy making things worse. It is deliberate. Everything they have done is deliberate and their goal is to destroy our country and remake in the way they want it to be.
jainphx commented:
Kevin P liberalism is a mental disorder—– that my friend is an understatement. The thought that you can save money and increase wages by spending, and spending is comical. Try it with your personal finances, spend and spend, and then see how much you’ve saved. Idiots.
seven commented:
“The unemployment rate fell as 652,000 people gave up on their job searches and left the labor force. People who are no longer looking for work aren’t counted as unemployed.”
Don’t leave this out. Real unemployment is 16.6%
StandUpChuck commented:
“Don’t leave this out. Real unemployment is 16.6%”
I would dare say its a lot more than that. My estimate would be about 20 to 23%.
Chisum commented:
Wealth, Jobs, the Fishing Industry, and Obama
http://www.americanthinker.com/2010/07/wealth_jobs_the_fishing_indust.html
Sandy commented:
Consumer Confidence is at an all time low. People feel disconnected from this President and his agenda. Stores and Restaurants closing, homes sitting empty and an (Obamaville) tent city in Hawaii. Instead of seeing the damage he has done — he makes another speech this time promoting Amnesty and decent jobs for Illegals.
Like the Oil Spill Obama’s Presidency oozes into every sector of this nation and destroys every living thing in its wake.
Kevin P commented:
Sandy # 15 – “Like the Oil Spill Obama’s Presidency oozes into every sector of this nation and destroys every living thing in its wake.”
HEAR!!! HEAR!!!!
brooklyn commented:
Thank you Democratic Party…
Remember when they bragged about ‘smart power’?
Obama says “this is my primary focus” on every subject – still tries to blame everyone else for the folly he and his Party has created.
The Democrats STIMULUS – PORK folly, the Obamacare nightmare, etc., are all killing the fine USA.
And they want to raise taxation!
Democrats are going to give us the biggest tax increase in history by letting the Bush Tax cuts expire, coupled with the overwhelming taxation included in Obamacare.
Are we going to ‘change’ this nightmare come NOV?
Tell Nancy enough?
One can hope so…
mark commented:
RE: “Don’t leave this out. Real unemployment is 16.6%” I would dare say its a lot more than that. My estimate would be about 20 to 23%.
Depends on the State but 20% or so seems right. We should subtract the Federal Gov’t jobs and count the private sector unemployment only. Why? Because Obama is playing the numbers hiring so many Census counters–plus, without private sector, you have no tax base upon which to pay public sector employees. Obama hasn’t figured that one out yet. Maybe next year he’ll learn that cruel lesson.
SpideyTerry commented:
“Barack Obama is the worst president in history on job creation”
Why stop there? Job creation is just one of his many failings.
Kevin P commented:
Spidey Terry #19 “Why stop there?”
Breaking Headline!
“Precendent Setting Obama Finally Rated As Best President in History in One Category – R&R (rest & relaxation) – Rated Worst in Every Other Category”
Damn – we’re paying his hired help over $38 MILLION! Think about that – they produce NOTHING!!!
Vamoose commented:
I don’t quite understand how with college and high school graduations in May and June the work force has managed to shrink.