Skip to comments.Was this month's unemployment report, a white-wash?
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 ...
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"?
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”.
Does anyone believe anything that comes out of this (obammy’s) federal gub mint?
liar is too kind for him and it.
The market is buying this happy horsesh!t, the TLT and the VIX keep heading south.
When aren’t numbers from the BLS BS?
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
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.
Per ZeroHedge: June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993
An astonishing graph. Thanks for posting.
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.
Since 1990 we have imported 27 million legal permanent immigrants. Could there be a connection between the chart and immigration? Methinks so.
So 275 of the 288 jobs were part time? Wow!
June hiring = Teenager ice cream scooper hiring. 275k of 288k were part time jobs.
Would you like jimmies or nuts?
They were already caught red-handed lying about the economy right before the 2012 election. They have exactly ZERO credibility with me.
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?
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...
You can’t say w****-wash. That’s discrimination.