FAIL. Unemployment Remains at 8.2% – Only 80,000 Jobs Added …Update: One-Third of June Jobs at Temp Agencies
Posted by Jim Hoft on Friday, July 6, 2012, 7:43 AM
Drudge reported–
Just 80,000 jobs added in June...
Anxiety mounts as economy limps into 2nd half...
IMF to cut global growth forecast...
'Tilted to the downside'...
Anxiety mounts as economy limps into 2nd half...
IMF to cut global growth forecast...
'Tilted to the downside'...
Bloomberg reported:
Jobs growth returns to the forefront of the U.S. presidential campaign today as the Labor Department releases a report on unemployment and President Barack Obama wraps up a bus tour through two battleground states.
The monthly jobs report, due at 8:30 a.m. New York time, has taken on so much political significance amid voter discontent with the economy that it amounts to a regular “referendum” on the president, said Kathleen Hall Jamieson, a professor at the University of Pennsylvania’s Annenberg School for Communication in Philadelphia.
“Once every month the public sees it as a signal of either the competence of the president or his failures,” Jamieson said. The Dow Jones Industrial Average (INDU) and “the unemployment rate are among the few things that voters can see over time as a continuing indicator that they understand.”
Private forecasters expect the Labor Department report will show employers added 100,000 new jobs last month, an improvement from 69,000 in May though still a slower pace than earlier this year, according to the median estimate of economists surveyed by Bloomberg News.
UPDATE: One-third of June jobs were at temporary employment agencies.
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garrettc commented:
Not to mention that every jobs report has routinely be down graded over the last ffew years. Job estimates are based on optimistic assumptions, not rational measurements.
Granny Kate commented:
Romney is down 9 pts in Ohio. Prez takes credit for Ohio’s turnaround. Need to get message out that Republican governor doing opposite of federal government is responsible.
Restless commented:
And the “experts” predicted that the economy would only generate a paltry 100,000 jobs… and we couldn’t even match that lowly number. How can voters possibly want four more years of THIS?
Militant conservative commented:
Wait for it…. Next Thursday
This number will be revised
Down. Like it has been for
Over The last 73 weeks.
Obama and regime are liars.
Powder is dry
Robodog7 commented:
Yet the unemployment rate stays unchanged at 8.2%? Bull$hit, the U-6 jumped nearly a whole percentage point, from 14.3 in May to 15.1% in June. Stop the lies Obama, wakeup America and vote the ” Destroyer in Chief ” out of office!!!!!!
Spots the Dog commented:
“Obama and regime are liars.”
This Administration reminds me of the gag of Mary McCarthy’s about horrible, evil old Lillian Hellman. “Every word she ever wrote was a lie, including “and” and “the”.”
Truth does not know these people.
OldSailor commented:
80K jobs added? But I note that at least 150K new jobs are needed each and every month just to maintain the unemployment rate where it is. At least 70K or more workers gave up looking in that same month, dropping out of the employment pool and holding the rate at 8.2%.
That stink you smell isn’t a skunk, it’s the manure the government controlled media is shoveling out.
Mope commented:
*TWEET* B.S. Flag!
Kathleen Hall-Jamison is the person the “Big Three” TV networks hired to investigate whether or not there was bias in the reporting of the 2000 election in the aftermath of the networks reporting Florida going to Gore and then they retracted that. They reported Florida for Gore before the polls closed. She found no bias. Surprise, surprise.
No, I’m not believing she has tossed Obama under the bus.
Bill Mitchell commented:
The Labor Department is clearly keeping the unemployment rate within striking distance of 8.0 so Obama can surge into the election with a 7.9 unemployment rate.
That’s 3 terrible months in an row and we are still at 8.2. All you need to do is play some games with the census numbers and you can get any unemployment rate you like.
Finncrisp commented:
We add 80K jobs in June and average 350K new unemployment claims per week in June. So that means for every 80K jobs created, 1.4Million jobs are lost. That is some comeback. Barry is really got them drinking koolaide at the main stream press. And how does unemployment not move with the differential persisting month after month?
Worst President EVER. Second coming of FDR worked no better than the first coming of FDR. A decade of misery, big moves to Socialism. Didn’t work then, isn’t working now.
Dwight K Schrute commented:
Bush, tsunami, Europe, Bush, Bain, Banks, Bush, Haliburton, two wars, Cheney, BP, global warming, Fox News, worst recesssssion since blah, blah, blah, did I say Bush, etc………
StrangernFiction commented:
The U3 is statist propaganda. So why do conservatives like Jim Hoft insist on helping disseminate it?
BurmaShave commented:
Stay closely tuned to the — almost certainly quietly announced downward — revisions coming out in the following weeks and months.
Hoser commented:
I never listen to Obama being it’s a complete waste of time but I did catch one of his campaign speels in Ohio where he said that manufacturing is coming back throughout the country and that more and more people are being retrained to work in clean energy field or some such nonsense.
That speech was an example of why I just don’t listen to anything he says.Manufacturing is down across the country for the first time in three years and retraining for clean energy is not a job, it’s a political prop that has a short shelf life, you get paid for 1-3 years and then the companies go belly up with politicians friends and family members who run these companies run off with the taxpayer dollars that keep them afloat while they raided the funds.
Mulligan22 commented:
I just wonder how many unemployed/under-employed will come out to vote in November and actually vote for change? They can’t possibly want 4 more years of this.
Robodog7 commented:
Every week for the last 3 months the number of new unemployment claims has been around 365,000. That works out to 1,460,000 per month. Yet a mere 80,000 jobs keeps the rate unchanged? ….BULL. That still leaves 1,380,000 who lost their jobs in June.
Oboma = Epic Failure.
Sasja commented:
The U6 numbers need to be the ones touted as they represent all who are without jobs.
Robodog7 commented:
Sorry Finncrisp, I didn’t see your post. You are spot on.
snap boy commented:
The number of jobs created by the Obama administration last month equals the population of Chilliwack, British Columbia, while the number of people on disability surpasses the population of NYC – and the number of people on food stamps exceeds the population of CA and NY combined.
Obama economics is a disaster.
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