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8.2%
Drudge ^ | 7-6-12

Posted on 07/06/2012 5:32:09 AM PDT by rawhide

8.2%


TOPICS: Business/Economy
KEYWORDS: jobless; jobsreport; obamanomics; recovery; unemployment

1 posted on 07/06/2012 5:32:18 AM PDT by rawhide
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To: rawhide

Expected jobs added: 100K

Actual: 80k


2 posted on 07/06/2012 5:33:45 AM PDT by rawhide
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To: rawhide

Is that the bar that had Fox News on and Obama yelled at them to change the station?


3 posted on 07/06/2012 5:33:58 AM PDT by COBOL2Java (FUMR)
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To: rawhide

The June unemployment was actually 8.5%, but John Roberts lowered it 8.2%


4 posted on 07/06/2012 5:35:12 AM PDT by Perdogg
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To: rawhide

Both the labor force participation rate and civilian-employment ratio remain dead in the water

Just 84,000 private sector jobs

“The weakest job adding quarter in two years” -

very disappointing report for the Obama administration..not good news for the American economy” says CNBC’s John Harwood

The already terrible May jobs report was revised further downward 9,000. The stomach punch economy.


5 posted on 07/06/2012 5:35:36 AM PDT by sunmars
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To: rawhide

I guess “8.2%” is supposed to be the rate of unemployment which apparently we’re all supposed know automatically because we’ve all been so politicized.


6 posted on 07/06/2012 5:35:57 AM PDT by PapaNew
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To: rawhide
Hilarious to watch CNBC reaction to this godawful report: 4 "analysts" in a row said "Well at least average hourly earnings were up 0.3%!" That is 6 cents! Another one said "the recovery is steadily progressing". And Obama's former economic idiot said he was 'ok' with the report!
This went on until they finally got to a voice of reason, who said: "Are you kidding me? How do you like these numbers? This is a disaster. And Obama is in Ohio trying to explain this to a bunch of diners? NO ONE is buying this. There is NO 'recovery'".
7 posted on 07/06/2012 5:36:10 AM PDT by montag813
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To: rawhide
Expected jobs added: 100K

Actual: 80k

...to be revised down on Aug. 3.

8 posted on 07/06/2012 5:36:40 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms for the most discerning drug lords (202) 456-1414)
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To: montag813

Finally, we got to the “are you kidding me” stage of the denial. This is bad for Obama, really really bad.


9 posted on 07/06/2012 5:38:10 AM PDT by sunmars
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To: Roccus

What were the revised numbers from last month? The official number, as I recall, was 69,000 jobs.


10 posted on 07/06/2012 5:38:41 AM PDT by mrs9x
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To: rawhide
Private sector.....Doin fine!!!!



YEAH!!!!!!
11 posted on 07/06/2012 5:39:01 AM PDT by VanDeKoik
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To: Roccus

10.9%: What the unemployment rate would be if labor force participation rate was the same as when Obama took office


12 posted on 07/06/2012 5:39:16 AM PDT by sunmars
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To: rawhide

The number of unemployed persons (12.7 million) was essentially unchanged in June, and the unemployment rate held at 8.2 percent. (See table A-1.)

Among the major worker groups, the unemployment rate for blacks (14.4 percent)edged up over the month, while the rates for adult men (7.8 percent), adult women (7.4 percent), teenagers (23.7 percent), whites (7.4 percent),
and Hispanics (11.0 percent) showed little or no change. The jobless rate for Asians was 6.3 percent in June (not seasonally adjusted), little changed
from a year earlier. (See tables A-1, A-2, and A-3.)

In June, the number of long-term unemployed (those jobless for 27 weeks and over) was essentially unchanged at 5.4 million. These individuals accounted for 41.9 percent of the unemployed. (See table A-12.)

Both the civilian labor force participation rate and the employment-population ratio were unchanged in June at 63.8 and 58.6 percent, respectively. (See table A-1.)


13 posted on 07/06/2012 5:39:16 AM PDT by kabar
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To: rawhide; All

watching CNBC....they asked the female on the panel and the former obama adviser what they thought “recovery moving along and and the numbers could have been worse....

one of the guys on the panel laughed at both of them “you’re putting lipstick on a pig...obama’s in Ohio today??? how’s he going to explain this???!!”

former obama economic aid Goolsby just got his ass handed to him on CNBC- his response to the numbers; “obama has created about 1 million more jobs than George Bush at comparative points in their presidency”...

Santelli laughed at him, “are you joking??? more people were employed when Bush was in office!!”...even the host of the show thought it was a ridiculous comment and chimed in “it should be much easier to create jobs when unemployment is 8.2% versus 5.5%”...


14 posted on 07/06/2012 5:39:56 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: COBOL2Java

Yes, he wanted them to turn off Fox news, then had his peeps remind reporters that he was “joking around”.


15 posted on 07/06/2012 5:40:11 AM PDT by BillyBonebrake
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To: VanDeKoik

16 posted on 07/06/2012 5:40:39 AM PDT by rawhide
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To: montag813; All

you beat me to it (post 14)...watching Goolsby get laughed at was great...he’s now backing off “i only mentioned the George Bush number as a historical matter”....he know he was made a fool...

all the obama tools are now saying “well obama pulled us out of a depression, blah-blah-blah”....except for a few the CNBC panel is in mourning as they realize this is another nail in obama’s coffin...


17 posted on 07/06/2012 5:43:00 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: rawhide
On CNBC's band of idiots, former Obama economic wunderkind Austin Goolsbee just BLAMED BUSH! Who could have seen THAT coming?
18 posted on 07/06/2012 5:43:10 AM PDT by montag813
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To: sunmars

Recompute. Many on SSI, not counted, long term disability, etc. adds up somewhere over 23.5% Forbes looked at this about two months ago, so it’s probably higher. When I showed people the article, they said it was propaganda.


19 posted on 07/06/2012 5:44:31 AM PDT by Safetgiver
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To: rawhide

Yep, they’re going to have to spin like a whirling dervish, because it was another dismal month.


20 posted on 07/06/2012 5:45:40 AM PDT by jpl (The government spent another half a million bucks in the time it just took you to read this tagline.)
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To: montag813

Blaming Bush again?

After 3 1/2 years, this just goes to show you that obamma is not up to the job of erasing all the evil that Bush had done.

We need a new hope and change!


21 posted on 07/06/2012 5:48:18 AM PDT by rawhide
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To: jpl

Obama is running out of months. July, Aug, September, and October remain. It will get harder to show a positive trend even if there is an uptick in Sept and Oct.


22 posted on 07/06/2012 5:49:25 AM PDT by kabar
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To: mrs9x

May was revised UP to 77K from 69K.... April was revised DOWN to 68K from 77K


23 posted on 07/06/2012 5:49:38 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms for the most discerning drug lords (202) 456-1414)
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To: God luvs America
former obama economic aid Goolsby just got his ass handed to him on CNBC- his response to the numbers; “obama has created about 1 million more jobs than George Bush at comparative points in their presidency”...

They don't count the first 10 months. the losses at the beginning of the term. Those are Bush's fault. It's pure BS modeling. Obama has 0 net new jobs created.
24 posted on 07/06/2012 5:49:53 AM PDT by nhwingut (Sarah Palin 12... No One Else)
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To: rawhide
After 3 1/2 years, this just goes to show you that obamma is not up to the job of erasing all the evil that Bush had done.

If he was in the last year of a 2nd term he would STILL be blaming Bush! Are Americans really so stupid as to fall for this crap?

25 posted on 07/06/2012 5:51:42 AM PDT by montag813
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To: God luvs America

BEFORE the numbers were announced, Goolosby had predicted an increase of only 35K....so to him, the # WAS good.

Whattabuncha moroons!


26 posted on 07/06/2012 5:53:12 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms for the most discerning drug lords (202) 456-1414)
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To: Perdogg
The June unemployment was actually 8.5%, but John Roberts lowered it 8.2%

Actually that wily, clever by half inventor declared that there wasn't high unemployment, but rather a surplus population.

27 posted on 07/06/2012 5:53:37 AM PDT by Sirius Lee (Goode over evil. Voting for mitt or obie is like throwing your country away.)
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To: kabar

Yup, the clock has run out for him and if that is the best he can do in summer months, then frankly, he is screwed to hell, no way this gets better before Nov and he has to go through debates with this economic horror.


28 posted on 07/06/2012 5:53:53 AM PDT by sunmars
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To: rawhide

How do they count the college grads who are now looking for work? Must be a lot of them.


29 posted on 07/06/2012 5:55:12 AM PDT by popdonnelly (The first priority is get Obama out of the White House.)
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To: rawhide

And the beat goes on.


30 posted on 07/06/2012 5:57:29 AM PDT by LOC1 (Let's pick the best, not settle for a compromise.)
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To: montag813

The price of glazed walnuts that I stopped to get for some salad and munchies for the 4th went up $3.00/pound since the last time I bought them a few months ago.

6 cents per hour—which I didn’t get—would take a +/-3 months to earn per pound.

How about that.

These numbers are fake. They will unexpectedly rise, after the fact.


31 posted on 07/06/2012 6:11:48 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: All

32 posted on 07/06/2012 6:28:00 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: rawhide
Black unemployment: 14%

Black support of Obama: 90%

33 posted on 07/06/2012 6:33:36 AM PDT by YourAdHere (racist (noun): An individual who is found to be winning an argument with a liberal.)
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To: Perdogg
The June unemployment was actually 8.5%, but John Roberts lowered it 8.2%

And there is your Keyboard Destroying Coffee Spew Post of the Day winner.

34 posted on 07/06/2012 6:35:58 AM PDT by Buckeye McFrog
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To: montag813
If he was in the last year of a 2nd term he would STILL be blaming Bush! Are Americans really so stupid as to fall for this crap?

"Are you kidding? I spent my two terms saying, in between bimbo sink encounters, of course, 'The last twelve years...' and you bozos kept nodding in agreement.


35 posted on 07/06/2012 6:39:56 AM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: kabar
Obama is running out of months. July, Aug, September, and October remain. It will get harder to show a positive trend even if there is an uptick in Sept and Oct.

That is why I expect Sept. and Oct. to be really, really wild, as Barry will have become almost completely desperate.

Student loan forgiveness, mortgage cram-downs, cut the interest on everyone's visa card, legalize pot, and if that doesn't work, BOMB BOMB BOMB BOMB BOMB BOMB IRAN.


36 posted on 07/06/2012 6:46:02 AM PDT by Buckeye McFrog
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To: rawhide

8.2%
"Unexpected" DRINK

37 posted on 07/06/2012 6:46:38 AM PDT by crusadersoldier
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To: rawhide
All y'all are being way too harsh on Preezy Trayvon Obamugabe.

Each and everyone of you what has a job can thank the preezy for it. Not only did he personally create 80,000 new jobs this month, he also saved your jobs. Think of how many more jobs he could have created if not for Dick Cheney's Haliburton hurricane machine that was programmed to wreak havoc across the mid-Atlantic states last week.

Ingrates, all of you!!!!!!!

38 posted on 07/06/2012 6:48:08 AM PDT by Lovely-Day-For-A-Guinness (Eenie meanie, chili beanie, the spirits are about to speak....)
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To: crusadersoldier

Since Mitt is a Mormon, we won’t see similar pictures. This is part of the MSM propaganda machine showing Obama as a regular guy having a beer with the people.


39 posted on 07/06/2012 6:53:22 AM PDT by kabar
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To: rawhide

And Romney will hold a Press Conference today to comment on the disastrous Labor news with - - - - ?


40 posted on 07/06/2012 6:53:37 AM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
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To: popdonnelly
How do they count the college grads who are now looking for work? Must be a lot of them.

According to the government's logic if they have never had a job, then they cannot be unemployed. New grads don't show up on the statistics. In addition the guy with a four year degree who gets a job a Burger King for minimum wage counts as fully employed.
41 posted on 07/06/2012 6:56:02 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: GonzoGOP

“According to the government’s logic if they have never had a job, then they cannot be unemployed. New grads don’t show up on the statistics.”

Nonsense. The Current Population Survey asks people if they are actively looking for work. If they are, they are considered unemployed even if they are newly minted college grads. Their previous work experience is completely irrelevant in determining whether they are unemployed at the time of the survey. http://www.bls.gov/cps/cps_htgm.htm


42 posted on 07/06/2012 7:03:48 AM PDT by DrC
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To: DrC

Then how does that jibe with people running out of unemployment no longer being counted? I’m sure some of those people are looking for work still.


43 posted on 07/06/2012 7:17:48 AM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: PLMerite

“Then how does that jibe with people running out of unemployment no longer being counted?”

If you read the link, you would see it doesn’t. The measured unemployment rate has nothing to do with how many people receive UE insurance since a) not every unemployed person qualifies for UE insurance; and b) even though who do may exhaust their benefits. This is why for decades, BLS has relied on a survey to count the number of unemployed.

Now, it’s true that the survey method has flaws. For example, people who are in the underground economy or use SS disability insurance as a form of unemployment may not honestly report their work status (e.g., people on disability insurance can qualify only if they are work-disabled, hence may be reluctant to report to the feds that they actually are looking for work or have some form of gainful employment: in that case, they’ll show up as “work-disabled” even if they aren’t). But the same basic methods of counting the UE have been used for decades.


44 posted on 07/06/2012 7:25:20 AM PDT by DrC
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To: rawhide

That photo! Laughing! 0bama primly sips while the woman pounds down her brew right out of the bottle. To me, these pictures of him trying to look like a regular person always fall flat because he’s such a phony and the pictures only magnify that fact.


45 posted on 07/06/2012 7:39:19 AM PDT by FrdmLvr (culture, language, borders)
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To: kabar

The long-term unemployed are the walking dead. No one will look at you.


46 posted on 07/06/2012 8:01:54 AM PDT by newzjunkey
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To: crusadersoldier

I understand that a third of these 80K jobs created
were temp. jobs making the 80K number even more
damning in its awfulness.


47 posted on 07/06/2012 8:18:03 AM PDT by sarge83
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To: rawhide

“Unexpectedly.”

Everybody drink!


48 posted on 07/06/2012 8:38:48 AM PDT by rogue yam
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