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Was this month's unemployment report, a white-wash?
Bureau of Labor Statistics ^ | (this morning)

Posted on 07/03/2014 6:45:47 AM PDT by Cringing Negativism Network

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 275,000 in June to 7.5 million.

(Excerpt) Read more at bls.gov ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: employment
OK today has been a complete blizzard of warm and interesting economic data.

I'm not convinced, but I have been limited to thinking this is a one-month wash.

I am wondering however, about the paragraph above and where it originally appears: the bls website:

What is it, about the large increase in "involuntary part-time workers"?

1 posted on 07/03/2014 6:45:47 AM PDT by Cringing Negativism Network
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To: Cringing Negativism Network

Exactly how do these numbers logically comport with a published decline in GDP of nearly 3% this second quarter coupled with a downwardly revised NEGATIVE 1st quarter.

Frankly, if it is any portion of the US Government is giving you data, the only thing of which you can be assured is that it has been manipulated with “special sauce”.


2 posted on 07/03/2014 6:48:53 AM PDT by Gaffer
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To: Cringing Negativism Network

3 posted on 07/03/2014 6:53:21 AM PDT by null and void (If Bill Clinton was the first black president, why isn't Barack Obama the first woman president?)
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To: Cringing Negativism Network

Does anyone believe anything that comes out of this (obammy’s) federal gub mint?
liar is too kind for him and it.


4 posted on 07/03/2014 6:54:31 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: Cringing Negativism Network

The market is buying this happy horsesh!t, the TLT and the VIX keep heading south.


5 posted on 07/03/2014 6:55:37 AM PDT by shove_it (long ago Orwell and Rand warned us of Obama's America)
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To: Cringing Negativism Network

When aren’t numbers from the BLS BS?


6 posted on 07/03/2014 6:55:52 AM PDT by skeeter
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To: Cringing Negativism Network
Interesting that the U-6 rate not seasonally adjusted increased to 12.4 from 11.7 in May.

U-6-- Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

7 posted on 07/03/2014 6:56:34 AM PDT by kabar
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To: Cringing Negativism Network

Best news is probably that the Dow went over 17,000 for the first time in history.....It needs a correction badly, but when that happens, I will just continue to buy. I do monthly now anyway, but I will never understand those that sell immediately after a drop.


8 posted on 07/03/2014 6:58:06 AM PDT by napscoordinator
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To: null and void

9 posted on 07/03/2014 6:59:20 AM PDT by kabar
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To: Cringing Negativism Network

Per ZeroHedge: June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

http://www.zerohedge.com/news/2014-07-03/june-full-time-jobs-plunge-over-half-million-part-time-jobs-surge-800k-most-1993


10 posted on 07/03/2014 7:00:18 AM PDT by Starboard
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To: kabar

An astonishing graph. Thanks for posting.


11 posted on 07/03/2014 7:01:40 AM PDT by Starboard
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To: napscoordinator

The longer it takes to correct, the worse the correction will be IMHO. This is an artifical market, an act of economic levitation by the Fed.


12 posted on 07/03/2014 7:03:34 AM PDT by Starboard
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To: Starboard

Since 1990 we have imported 27 million legal permanent immigrants. Could there be a connection between the chart and immigration? Methinks so.


13 posted on 07/03/2014 7:06:36 AM PDT by kabar
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To: Cringing Negativism Network
Nothing comes out of this administration without being airbrushed first.
14 posted on 07/03/2014 7:12:00 AM PDT by tbpiper
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To: Cringing Negativism Network

So 275 of the 288 jobs were part time? Wow!


15 posted on 07/03/2014 7:12:55 AM PDT by nhwingut (This tagline is for lease)
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To: Cringing Negativism Network

June hiring = Teenager ice cream scooper hiring. 275k of 288k were part time jobs.

Would you like jimmies or nuts?


16 posted on 07/03/2014 7:14:24 AM PDT by nhwingut (This tagline is for lease)
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To: Joe Boucher
Does anyone believe anything that comes out of this (obammy’s) federal gub mint? liar is too kind for him and it.

They were already caught red-handed lying about the economy right before the 2012 election. They have exactly ZERO credibility with me.

17 posted on 07/03/2014 7:20:29 AM PDT by fwdude (The last time the GOP ran an "extremist," Reagan won 44 states.)
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To: fwdude

I like to see the monthly employment reports then see them continually reduced after the data has all been reviewed for what 6 years now?


18 posted on 07/03/2014 7:22:54 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: nhwingut

I think that is what happened.

There was something I heard elsewhere (cannot remember where so this is unsourced at the moment) that the number of teachers decreased by 300,000 or so, but since that was in line with the original estimate a change wasn’t calculated.

This month in my opinion, was a total wash. Yet it is being sold as somehow having progressed.

Next month may be interesting...


19 posted on 07/03/2014 7:30:55 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network

You can’t say w****-wash. That’s discrimination.


20 posted on 07/03/2014 7:50:47 AM PDT by hsrazorback1 (Seek truth.)
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To: Cringing Negativism Network

The self-employed who go out of business aren’t counted as unemployed and don’t get benefits.


21 posted on 07/03/2014 8:01:42 AM PDT by fella ("As it was before Noah so shall it be again,")
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