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Weak private hiring shows recovery on the ropes
Reuters on Yahoo ^ | 8/6/10 | Lucia Mutikani

Posted on 08/06/2010 9:07:54 AM PDT by NormsRevenge

WASHINGTON (Reuters) – Private employers added fewer workers to their payrolls in July than expected and hiring in June was much weaker than had been thought, a blow to an economic recovery that is failing to gain traction.

The dismal news on jobs poses a challenge to Democrats hoping to retain their congressional majorities in November elections, as well as to officials at the Federal Reserve who are debating whether more needs to be done to foster growth.

Overall non-farm payrolls fell 131,000 last month, the Labor Department said on Friday, as temporary government jobs to conduct the decennial census dropped by 143,000.

Private employment, a better gauge of labor market health, rose a modest 71,000 after gaining just 31,000 in June.

The government revised payrolls for May and June to show 97,000 fewer jobs than previously reported.

Analysts polled by Reuters had forecast overall employment falling 65,000 in July and private-sector hiring increasing 90,000.

"We are in the big stall," said Steve Blitz, a senior economist at Majestic Research in New York. "There's no double dip, there's no next recession coming."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; Politics/Elections
KEYWORDS: bhoeconomy; democrats; economy; hiring; hopeychangey; obama; private; recovery; weak
O is on FoX live now trying to cover up this mess with a bunch of numbers claiming the numbers don't reflect the true numbers.. and we're headed up.. he's stammering.
1 posted on 08/06/2010 9:07:55 AM PDT by NormsRevenge
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To: NormsRevenge

there’s been a recovery?


2 posted on 08/06/2010 9:09:00 AM PDT by stefanbatory (Insert witty tagline here)
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To: NormsRevenge

L

3 posted on 08/06/2010 9:14:49 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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Obama makes lame remark to crowd.

If you want the car to go forward you put it in ‘D’.

If you want it to go backward, you put it in ‘R’.


4 posted on 08/06/2010 9:14:52 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

and if you want it to run you don’t buy from Gubermint Motors.


5 posted on 08/06/2010 9:17:21 AM PDT by WOBBLY BOB (drain the swamp! ( then napalm it and pave it over ))
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To: NormsRevenge
If you want it to go backward

backward as in 4.5% unemployment?

6 posted on 08/06/2010 9:18:30 AM PDT by BookmanTheJanitor
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To: NormsRevenge

Hey,give me a break,my wife is pissed at me!


7 posted on 08/06/2010 9:18:34 AM PDT by Dr. Ursus
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To: NormsRevenge
If you want it to go backward

backward as in 4.5% unemployment?

8 posted on 08/06/2010 9:18:41 AM PDT by BookmanTheJanitor
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To: NormsRevenge
Yeah...how presidential.

Scouts Out! Cavalry Ho!

9 posted on 08/06/2010 9:18:49 AM PDT by wku man (Steel yourselves, patriots, and be ready. Won't be long now....)
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To: NormsRevenge
...but...but...we were promised this was "the summer of recovery" by THE One himself!

...of course this is leading to the ULTIMATE Winter of our DIScontent, which will culminate, none-too-late, in...

N O V E M B E R

...the slow recovery will start the day after the election...

10 posted on 08/06/2010 9:21:37 AM PDT by NorCoGOP (OBAMA: Living proof that hope is not a plan.)
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To: Dr. Ursus

I feeeel yur pain. (/BubbaOne)


11 posted on 08/06/2010 9:22:04 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

Lets have him continue conversation of redistributing the wealth, and promoting more instability in the labor sector....maybe one day he might realize what those things mean...


12 posted on 08/06/2010 9:22:42 AM PDT by himno hero
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To: NormsRevenge

And, like someone said on Laura Ingraham’s show....when you are teetering on the edge of a cliff...YOU PUT IT IN R!


13 posted on 08/06/2010 9:25:50 AM PDT by goodnesswins (WHEN DEMOCRATS LOSE.....America WINS!)
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To: NormsRevenge

The Recovery's not dead yet!

14 posted on 08/06/2010 9:26:10 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: NormsRevenge

Hold on to every dollar you can. Do not participate in BO’s re-election lottery. He never ran a business, and he obviously can’t run a country.


15 posted on 08/06/2010 9:27:13 AM PDT by kittymyrib
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To: NormsRevenge

If you want it to fail, you put it in “O”.


16 posted on 08/06/2010 9:28:45 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: NormsRevenge

I’m sick of all you in the private sector crying like little babies. You were “on top” for years and now you know what it’s like to be in the field pickin. So get back to work. We here at the Federal Government need our paychecks. And we have allot of people to process paychecks for too. And we’re going to make sure that our people get “their” money.........(sarc)


17 posted on 08/06/2010 9:31:51 AM PDT by NeverForgetBataan (To the German Commander: ..........................NUTS !)
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To: NormsRevenge
What an ASSHAT!

He ACTUALLY SAID that??

18 posted on 08/06/2010 9:41:59 AM PDT by AmericanInTokyo (Donating to FREE REPUBLIC will allow you to "freep" with a clear conscience...)
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To: kittymyrib
''"Hold on to every dollar!"

You said it, Jack Benny would be proud of us.

It's become a competition , "How low can you go", spending wise.

Even with cars, I used to think over 200,000 miles was heroic, now a guy with a Volvo is leading the pack, he's closing in on 3 million miles!

Talk about pinchin' those pennies.

19 posted on 08/06/2010 9:50:19 AM PDT by norraad ("What light!">Blues Brothers)
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To: NormsRevenge

The Obama reign of terror has the private sector paralyzed with insecurity and fear. It’s an economic vote of no confidence in this totalitarian regime.


20 posted on 08/06/2010 10:08:11 AM PDT by Spok (Free Range Republican)
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To: NormsRevenge; Zakeet; Kartographer
Thanks to Zakeet and Kartographer


21 posted on 08/06/2010 5:56:38 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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