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Unemployment rose to 9.2 percent as hiring stalls
CNBC ^ | 8 July 2011 | CNBC

Posted on 07/08/2011 5:51:40 AM PDT by magellan

The Labor Department says the economy generated only 18,000 net jobs in June. And the number of jobs added in May was revised down to 25,000.


TOPICS: Breaking News; Business/Economy
KEYWORDS: 0china; 0default; 0globalism; failure; gay; gaygay; gaygaygaygay; gayisgood; gaymarriage; gayrights; gaysdeservemarriage; hopeless; jobless; jobs; maybealittleblow; obama; obamanomics; stimulus; undigested; unemployment; unexpected; unrespected; wagya4only100pound; zteachers
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Economists expected gains of anywhere between 125,000 and 175,000.
1 posted on 07/08/2011 5:51:49 AM PDT by magellan
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To: magellan

Unexpected!


2 posted on 07/08/2011 5:53:18 AM PDT by frogjerk (Liberalism: The ideology of envy.)
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To: magellan

wow. 18,000 net jobs. That’s insane. Absolutely unfathomable....even with the disastrous economic policies. We are really sitting in a depression at this point...IMO.


3 posted on 07/08/2011 5:54:38 AM PDT by ilgipper ( political rhetoric is no substitute for competence (Thomas Sowell))
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To: magellan

I heard some newsies last night blame it on the MN gubmint shutdown.


4 posted on 07/08/2011 5:54:57 AM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: magellan

Just part of the continuation of planned destruction of the nation.


5 posted on 07/08/2011 5:56:04 AM PDT by anniegetyourgun
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To: magellan

Pitiful, just pitiful.

Get these clowns out of office. Republicans, DO NOT FLINCH on the debt ceiling. After that, Get rid of Obamacare.


6 posted on 07/08/2011 5:56:23 AM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: ilgipper

Welcome to QE3 what will they call it. Obama is priming to go after the unemployed vote. It will be 30% by the election. Added to the Communist base it may be enough to win.


7 posted on 07/08/2011 5:56:37 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: WOBBLY BOB
“The average American does not view the economy through the prism of GDP or unemployment rates or even monthly jobs numbers,” Plouffe said. “People won’t vote based on the unemployment rate, they’re going to vote based on: ‘How do I feel about my own situation? Do I believe the president makes decisions based on me and my family?’”
8 posted on 07/08/2011 5:56:48 AM PDT by scooby321
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To: magellan
Economists expected gains of anywhere between 125,000 and 175,000.

If I were to tell my boss that we 'expect' 125-175k to be made on a certain project, and we only came up with 18k I would be fired...............

9 posted on 07/08/2011 5:56:48 AM PDT by Red Badger (Casey Anthony: "Surprise, surprise."...............)
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To: magellan

May revised down 25,000. April revised down 19,000.


10 posted on 07/08/2011 5:59:23 AM PDT by magellan
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To: All

So when you factor in those who have given up looking for work and the underemployed that give you a rate of what? 25-30%? Disgusting. Why do we even measure unemployment to exclude these people other than to benefit incumbent politicians?


11 posted on 07/08/2011 5:59:31 AM PDT by wrhssaxensemble
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To: magellan

Obama’s unemployment will be key in 2012


12 posted on 07/08/2011 5:59:47 AM PDT by newzjunkey (I weep for my fellow Americans.)
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To: magellan

I can VOTE:


13 posted on 07/08/2011 5:59:58 AM PDT by DeaconRed (Everything is broken-While ZERO just Fiddles and blames US. I am still able to VOTE! !)
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To: magellan

HOPE I have some CHANGE left in my pocket when this bum is gone.


14 posted on 07/08/2011 6:00:06 AM PDT by Doctor 2Brains (If the government were Paris Hilton, it could not score a free drink in a bar full of lonely sailors)
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To: Red Badger

Just tell him you had good intentions.


15 posted on 07/08/2011 6:00:06 AM PDT by InvisibleChurch (*It does not matter how fast you go. It is how slow you can go, and still win. ~ Juan Manuel Fangio)
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To: screaminsunshine
Welcome to QE3 what will they call it. Obama is priming to go after the unemployed vote. It will be 30% by the election. Added to the Communist base it may be enough to win.

Yea that worked in 2010..baseless negativity alive and well on FR

16 posted on 07/08/2011 6:00:28 AM PDT by pburgh01
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To: magellan

The old expected “unexpected” bad news!


17 posted on 07/08/2011 6:02:37 AM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: SueRae
Republicans, DO NOT FLINCH on the debt ceiling. After that, Get rid of Obamacare.

and get that notion of going along with Obama on tax increases out of your heads.

18 posted on 07/08/2011 6:03:21 AM PDT by MulberryDraw ( Where's the democrat budget? What's the plan?)
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To: magellan

Not much to say!!! Democrats better broom Obama quickly!!! The Democrat Party and POTUS Obama are killing the economy, the job market and with it, the nation!!! American people rise up and demand that Obama be thrown out of office!!! He is doing this with all the intent to destroy the USA!!! Wise up or perish!!!


19 posted on 07/08/2011 6:03:24 AM PDT by JLAGRAYFOX
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To: magellan

Barky said he was just getting started...


20 posted on 07/08/2011 6:03:29 AM PDT by Eric in the Ozarks (Eh ?)
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To: magellan

We’re adding less than one job for every ten new people. Those who bother to work in the Obama economy are going to have to work VERY hard to support those who can’t find work and those who don’t bother to work.


21 posted on 07/08/2011 6:04:26 AM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: screaminsunshine

QE3 = Kinetic Cash Infusion Program?


22 posted on 07/08/2011 6:05:00 AM PDT by wolfman23601
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To: magellan

It’s the ATM’s fault!


23 posted on 07/08/2011 6:05:27 AM PDT by massmike (Massachusetts:Stopped hanging witches;started electing Kennedys.Coincidence?)
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To: wolfman23601

That sounds pretty good. Shhh!


24 posted on 07/08/2011 6:06:54 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: magellan

What’s the U-6 number? THAT’S the one the MSM, if they had any integrity whatsoever, would be shouting from the rooftops—or they would if Bush was still around.


25 posted on 07/08/2011 6:07:56 AM PDT by OCCASparky (Steely-eyed killer of the deep.)
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To: magellan

As we’ve discussed before, they continue to carry Obama’s water. Find a straight news story anywhere in this country that suggests Obama’s policies are whats holding this economy back-you can’t do it. Its everything but that. Too hot, too cold, too earthquaky, too tsunmai, too holiday. You name it, just not current and future government policies that are scaring the hiring folks off. Pure BS.


26 posted on 07/08/2011 6:10:59 AM PDT by John W (Natural-born US citizen since 1955)
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To: SueRae
Get these clowns out of office. Republicans, DO NOT FLINCH on the debt ceiling. After that, Get rid of Obamacare.

Yeah, at minimum, that's what we need to get this country back on track.

If the Pubbies can't do those two things, we might as well rename this country as it won't offer anything near the level of opportunity and freedom it has in the past.

27 posted on 07/08/2011 6:16:22 AM PDT by Crucial
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To: magellan
Economists expected gains of anywhere between 125,000 and 175,000.

The news from economists is Expectorated (sic).

Expectorate, as in eject or expel, as phlegm, from the throat or lungs by coughing or hawking and spitting, into the faces of the American public.

28 posted on 07/08/2011 6:17:29 AM PDT by C210N (0bama, Making the US safe for Global Marxism)
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To: magellan
What we are seeing here IMHO is the public sector FINALLY taking a hit. Obama’s $800 billion stimulus was largely used to insulate government (state/local) from the Great Recession but now the money is running out and gov is being forced to cut back. I would be curious to see separate numbers of public vrs private sector jobs.
29 posted on 07/08/2011 6:17:58 AM PDT by jpsb
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To: All; SueRae
Moody's chief economist (Mark Zandi) calls these numbers a game changer in the debt ceiling debate and told CNBC, “This kind of job number changes the dynamic of the discussion on fiscal policy. There will probably be an introduction of more [economic] stimulus.

'O' is to speak on these numbers in a couple hours. He'll scold Republicans, infer it's Bush's fault, talk about "millionaires and billionaires," "corporate jets," a "balanced approach," "shared sacrifice."

30 posted on 07/08/2011 6:18:41 AM PDT by newzjunkey ("There's no pony in what he's trying to shovel." - Michele Bachmann)
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To: magellan

That many people in the work force must die each month.


31 posted on 07/08/2011 6:19:22 AM PDT by unkus (Silence = Consent)
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To: scooby321
they’re going to vote based on: ‘How do I feel about my own situation?

Liberals vote on what they "feel" and that is usually based on pop culture opinions.

32 posted on 07/08/2011 6:20:03 AM PDT by oldbrowser (Breitbart for a Pulitzer Prize)
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To: magellan

E-Verify would free up enough jobs to lower the rate greatly.

Maybe we could require E-Verify for public assistance too.


33 posted on 07/08/2011 6:23:18 AM PDT by umgud
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To: InvisibleChurch

The road to unemployment hell is paved with good intentions................


34 posted on 07/08/2011 6:23:23 AM PDT by Red Badger (Casey Anthony: "Surprise, surprise."...............)
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To: All; jpsb
(CBS News) It's estimated that 9,000 jobs will be lost when NASA's shuttle program ends with the launch of space shuttle Atlantis.
35 posted on 07/08/2011 6:23:49 AM PDT by newzjunkey ("There's no pony in what he's trying to shovel." - Michele Bachmann)
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To: All
I LIKE THIS BETTER...

"Unemployment rose to 9.2 percent as hiring stalls - UNEXPECTEDLY!"

36 posted on 07/08/2011 6:26:49 AM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: magellan
Doin’ a heck of a job there, Barry.
37 posted on 07/08/2011 6:27:45 AM PDT by JPG (Elect Sarah Palin in '12. America won't get another chance.)
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To: All

President Obama will discuss the latest spike in the unemployment rate at 10:35 a.m., according to a change in the White House schedule.

http://tucsoncitizen.com/usa-today-news/2011/07/08/obama-looks-at-9-2-unemployment-speaks-at-1035-a-m/


38 posted on 07/08/2011 6:31:31 AM PDT by John W (Natural-born US citizen since 1955)
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To: John W

What’s the over/under on how many minutes late will he be?


39 posted on 07/08/2011 6:35:03 AM PDT by newzjunkey ("There's no pony in what he's trying to shovel." - Michele Bachmann)
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To: jpsb

Private sector +57K

Government jobs -39K


40 posted on 07/08/2011 6:35:23 AM PDT by Calif Conservative (rwr and gwb backer)
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To: SueRae
Republicans, DO NOT FLINCH on the debt ceiling. After that, Get rid of Obamacare.

Republicans, DO NOT FLINCH on the debt ceiling. After that, impeach Obama.

41 posted on 07/08/2011 6:35:52 AM PDT by Arrowhead1952 (zero hates Texas and we hate him back. He ain't my president either.)
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To: newzjunkey

I think these numbers April 19,000, May 25,000, June 18,000 are terrible “recovery” numbers and might very well be a game changer. How with terrible numbers like this can the US gov continue it’s huge borrow and spend policy? The day gov goes broke just got a little closer.


42 posted on 07/08/2011 6:35:52 AM PDT by jpsb
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To: OCCASparky
The U-6 jumped to 16.2% from 15.8% (seasonally adjusted). The non-seasonally adjusted number rose to 16.4% (from 15.4%). No way to spin that but bad...
43 posted on 07/08/2011 6:37:03 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Calif Conservative

thanks, 57k in private is not all the great either.


44 posted on 07/08/2011 6:37:28 AM PDT by jpsb
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To: newzjunkey

I bet he starts a “underground employment” meme.
A rporter ( stooge) will ask about the difference between the report yesterday and today’s numbers.
He’ll say many people are working under the table.

And there is a big and growing movement towards “under the table” work. But that also is his fault!
Though the media will help him blame Bush, somehow.


45 posted on 07/08/2011 6:38:42 AM PDT by mrsmith
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To: magellan; sickoflibs; stephenjohnbanker; DoughtyOne; rabscuttle385; Liz; calcowgirl
LINK: President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

What's the sound of wet cow s**t hitting the ground? "Plouffe!"

46 posted on 07/08/2011 6:42:29 AM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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To: WOBBLY BOB; P-Marlowe; wmfights

And the EPA sets new down-wind policies on emissions that will doom the coal-electric industry. Obama is making us more dependent on foreign oil and destroying energy sector jobs by the thousands.

He is trying to fight 3 wars with his foot out the door of each one of them.

He is destroying the American family, the American military, and the American economy.

Conservatives will come together early behind one candidate WHO CAN WIN, or we are looking at 5 more years of destructive policies.


47 posted on 07/08/2011 6:44:31 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Arrowhead1952

Everything Obama must be impeached. Obama ain’t working.


48 posted on 07/08/2011 6:47:27 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: scooby321

See post #46.


49 posted on 07/08/2011 6:48:00 AM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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To: ding_dong_daddy_from_dumas

ROTFLMBO!!!!


50 posted on 07/08/2011 6:48:00 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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