Skip to comments.8.2%
Posted on 07/06/2012 5:32:09 AM PDT by rawhide
Expected jobs added: 100K
Is that the bar that had Fox News on and Obama yelled at them to change the station?
The June unemployment was actually 8.5%, but John Roberts lowered it 8.2%
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.
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.
...to be revised down on Aug. 3.
Finally, we got to the “are you kidding me” stage of the denial. This is bad for Obama, really really bad.
What were the revised numbers from last month? The official number, as I recall, was 69,000 jobs.
10.9%: What the unemployment rate would be if labor force participation rate was the same as when Obama took office
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.)
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%”...
Yes, he wanted them to turn off Fox news, then had his peeps remind reporters that he was “joking around”.
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...
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.
Yep, they’re going to have to spin like a whirling dervish, because it was another dismal month.
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!
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.
May was revised UP to 77K from 69K.... April was revised DOWN to 68K from 77K
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?
BEFORE the numbers were announced, Goolosby had predicted an increase of only 35K....so to him, the # WAS good.
Actually that wily, clever by half inventor declared that there wasn't high unemployment, but rather a surplus population.
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.
How do they count the college grads who are now looking for work? Must be a lot of them.
And the beat goes on.
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.
Black support of Obama: 90%
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!!!!!!!
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.
And Romney will hold a Press Conference today to comment on the disastrous Labor news with - - - - ?
“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
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.
“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.
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.
The long-term unemployed are the walking dead. No one will look at you.
I understand that a third of these 80K jobs created
were temp. jobs making the 80K number even more
damning in its awfulness.