U.S. job growth surges, unemployment rate near six-year low
 

Things seem to be moving forward.... slowly....

(Reuters) - U.S. employment growth jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was moving forward at a brisk clip after a surprisingly big slump at the start of the year.

Nonfarm payrolls increased by 288,000 jobs last month and the unemployment rate fell to 6.1 percent, its lowest level since September 2008, the Labor Department said on Thursday. Data for April and May were revised to show a total of 29,000 more jobs created than previously reported.


http://www.reuters.com/article/2014/...0F80AW20140703

This is like comparing dog shit to waffles. At one time we we had waffles... overnight those waffles turned into dog shit. And now? That dog shit is slowly morphing back into waffles.... only the waffles we are presented with today have dog shit smeared all inside of them.

Does it taste better than dog shit? Sure. Is it waffles? Nope. It's dog shit and waffles. Still tastes like dog shit. In this case? Monkey shit.

:1orglaugh:1orglaugh:1orglaugh

These figures are propped up by the continued importation of cheap labor:

"According to a major new report from the Center for Immigration Studies (CIS), net employment growth in the United States since 2000 has gone entirely to immigrants, legal and illegal."
http://www.nationalreview.com/corner...ants-nro-staff

People whose unemployment expired are not counted as part of the unemployed

Wondering what vendzilla wlll say now.

http://www.troll.me/images/facepalm-...shit-again.jpg

What Baddog said. These talking head news media outlets are fucking click baiting douchebags.

Fact of the matter is:

Unemployment "ACTUAL" is more than 19%. Very few are eligible now. I know 4 people that can't even apply that are on peoples couches who lost their jobs over 2 years ago and can't find anything worth doing.

The jobs that are being created are not awesome jobs. Minimum wage and service industry, etc.

These number releases are meant to do one thing; get people to start spending money again to keep the economy healthy and the machine moving, that's it.

They are one giant lie.




.

Exactly..

Couldn't have said it better myself.

04 article:

http://www.nytimes.com/2004/02/20/bu...factories.html

In the New Economics: Fast-Food Factories?

The truth, Rochard has his head up his ass, he finally got it that median wages are down over 8% when shown proof and more proof and more proof, then he tried to show me a link where I was wrong that proved I was right.

More people are working at Walmart than ever before! And Walgreen's is moving their business outside the country. And they are doing it because of taxes and regulations.

Its a fake recovery courtesy of the Fed.

They have spent trillions of dollars the last 5 yrs to prop up
US Treasuries and stock markets plus giving almost free loans to large banks etc.

When all the QE ends we will see what real economy looks like.

Nice to know everything is peachy and we should all expect fresh daisies to pop out of our asses any moment.

Or... you could get a clue.

congrats!

To me the bigger number is underemployment which is still at 15.7%. That number includes people who are unemployed and those who are working part time, but are actively seeking full time employment.

Hasn't this always been the formula used...by the government?

Formula is the same, the reality has changed.

Idiots believe reality is the same

Then let's start basing unemployment figures on the "actual" rate.

We've always based unemployment figures in the same exact way and I am wondering why we are suddenly discussing this new "actual" rate. Why didn't we discuss this back in 2008, 2009, and 2010 when unemployment was at it's high point? What was the "actual" rate at the high point?

At the same time, is the "actual" rate the real rate? How can that be? I have a friend of mine who has been unemployed for over a decade - he isn't looking for a job so why should we count him as unemployed?

I thought this when I first read the article this morning on the crapper. Nearly half of the American public voted for Romney, so let's just say roughly half of you dislike Obama so that's why you are all about "this isn't the real figure". Me, I'm an optimist. I want things to get better. I could care less what bitch is int he Oval Office, I just want things to get better.

And I want to believe unemployment is falling.

never saw anybody deepthroat nobama as much as richard does in every thread he makes

Doesn't the government count 20 hours per week as being employed when counting the number of people employed and not as being under employed...and hasn't this been the formula used by past administrations?

Even when we look at the "real" unemployment figures, it's still down from the high point.

NY Times:

http://graphics8.nytimes.com/images/...U3-blog480.png

Forbes:

http://b-i.forbesimg.com/dandiamond/...5.34.54-PM.png

CNBC:

http://fm.cnbc.com/applications/cnbc...ment-rates.png

I should have said doesn't this administration...as well as past administrations...count those working 20 hours per week as having full time employment?

And here's another reason the unemployment rate is lower

http://img.washingtonpost.com/blogs/...x395-82792.png

I don't think so. They consider a person "employed" even if they only work 1 hour per week. Obamacare considers you to be a full-time employee if you work more than 30 hours per week. If you work less you are considered to be part-time.

I'm not certain how past administrations have counted part-time workers.

Well I misstated again as I said fully employed when I should have said employed...thus someone working 20 hours per week counts the same in the government employment numbers as someone working forty hours per week?

Which means I did not misspeak in the first place. Oh well.

Correct. My understanding is that anyone who worked even if it was just 1 hour and received pay for their work is counted as being employed.

why do people insist on posting thread after thread of 'how well we're all doing'

You'll know employment improved when people don't have time to write about it, because they are busy working.

Nor have they ever been..

How come that never came up before Obama? They were solid until obama?

That's also why the market hit 17k for the first time ever today.

Listening to CNN today and they gave that number for job growth as well.

Then they followed it up with the FACT that the actual number of people in the job force who are actively working is 62.8% the lowest since 1979 (35 years).

That means that people are just not working anymore.

That would explain these stats:
Welfare Statistics
Total number of Americans on welfare 12,800,000
Total number of Americans on food stamps 46,700,000
Total number of Americans on unemployment insurance 5,600,000
Percent of the US population on welfare 4.1 %
Total government spending on welfare annually (not including food stamps or unemployment) $131.9 billion


I'd say that instead of figuring out new ways to spend money that we don't have as a country...the U.S. govt. should be making America THE place to do business so that businesses will bring real jobs back.

Here is the actual employment rate from 1990 to 2013. Look at it for yourself and answer your own question. Oh fuck it, I'll answer it for you...because people were EMPLOYED.

http://www.statista.com/statistics/1...us-since-1990/

Nothing will beat 30 cents a day and no safety regulation. Also technology increases the need for less and less people. its a big problem.

I think they could do things.

As I have said before...when I lived in South Carolina, BMW built a plant in the Greenville/Spartanburg area where I lived.

They built it there for 2 big reasons:
No union.
And the state gave them a ton of tax breaks.

The result? It created a boon to the economy in the upstate of South Carolina. The whole area was traditionally a textile workplace. That got moved to China because it was just too expensive to operate there anymore.

The state learned a valuable lesson from that and didn't make the same mistake twice.

It not only landed hundreds of jobs that paid higher than ANYTHING in that area...but also raised all boats by the resulting money. New restaurants, nightclubs, grocery stores, construction, road construction, etc., etc.

That opened my eyes to what could be.
All it takes is for the govt. to open the door instead of always closing it.

Other than the initial kneejerk when the unemployment rate and nonfarm payrolls came out the dollar made no big progress today against most other major currencies. The weak ass GDP from the 1st quarter that's been revised 3 times now at -2.9 the lowest in 5 years.. I think they can only use the bullshit story about the harsh US winter effecting jobs and production for so long.. Hell even most of the FOMC members are down on US manufacturing and a couple headstrong against Yellens decision to not bump the interest rate this last go round. Going to take a lot more than 1 month of good EU rates and nonform payrolls to give the dollar some kick.

:1orglaugh:1orglaugh:1orglaugh

Only the ignorant turn this issue into partisan politics, these are systemic problems that both parties at the state and federal level have contributed to it and been unable to solve it and neither can really be blamed.

There simply aren't enough high paying jobs for everyone, technology is chiefly to blame. A nation of service people, whether it's shampooing dogs or performing brain surgery it's what we are. The load will continue to be laid on the rich to support the working poor and the lazy who'd rather take handouts than a menial job. A higher minimum wage does nothing to solve the problem, lower tax rates do nothing to solve the problem, nothing does. So stop pointing fingers at either party.

The government and educators need to stop lying to teenagers and their families about college, they know the vast majority of kids will never get a worthwhile college degree and will end up saddled with debt. We're subsidizing the education of the minority of college students who will become highly paid in their fields on the backs of immature kids who shouldn't be in college.