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Friday's US Jobs Report Is So Stunningly Bad It's A Danger To The Global Economy
Business Insider ^
| Jun. 3, 2012
| AP Writers
Posted on 06/03/2012 10:37:55 AM PDT by Son House
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Gee, 4.3 million private sector jobs...Who knew? The Bureau of Labor Statistics reported Labor Force Participation Rates remain near 30-year lows. We've had 40 months of unemployment above 8%.
http://rsc.jordan.house.gov/News/DocumentSingle.aspx?DocumentID=280695
The above chart shows the labor force participation rate. This statistic represents the share of working-age Americans who are either employed or unemployed but looking for work. It is not a pretty picture. Only 63.7% of working-age Americans are currently in the workforce the lowest in almost 29 years!
To put it another way, 36.3% of working-age Americans do not have a job and are not even looking.
1
posted on
06/03/2012 10:38:08 AM PDT
by
Son House
To: Son House
Those Obamturds are really taking Hitler’s advice.
Big, big lies, repeated incessantly.
2
posted on
06/03/2012 10:44:37 AM PDT
by
dsc
(Any attempt to move a government to the left is a crime against humanity.)
To: Son House
The title should be :
Obama Is So Stunningly Bad, He’s A Danger To The Global Economy
3
posted on
06/03/2012 10:44:57 AM PDT
by
TexasFreeper2009
(Obama lied .. and the economy died.)
To: TexasFreeper2009
That is the obvious connection the headline is parsed as.
4
posted on
06/03/2012 10:49:21 AM PDT
by
blackdog
(There is no such thing as healing, only a balance between destructive and constructive forces.)
To: Son House
Wait until the jobs numbers turn negative.
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
6
posted on
06/03/2012 10:52:19 AM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Son House
So....they added 4.3 million jobs....while we LOST 5 million??? or more?
7
posted on
06/03/2012 10:52:34 AM PDT
by
goodnesswins
(What has happened to America?)
To: Son House
I would like to hear some of the comments of the 46% that approve of Obama’s handling of the economy. Are these the same 46% who don't pay any taxes?
8
posted on
06/03/2012 10:55:27 AM PDT
by
Cowboy Bob
(Greed + Envy = Liberalism)
To: TexasFreeper2009
Where have these people, been nothing new here it's been stunningly bad for 3.5 years and continuing.
9
posted on
06/03/2012 10:57:47 AM PDT
by
boomop1
To: Son House
Look, we all know that if we just give 0bama 4 more years to finish the job that he started....
10
posted on
06/03/2012 10:59:17 AM PDT
by
EGPWS
(Trust in God, question everyone else)
To: dsc
Business Insider what have they inside of, their asses.
11
posted on
06/03/2012 11:00:00 AM PDT
by
boomop1
To: dsc
Those Obamturds are really taking Hitlers advice. Big, big lies, repeated incessantly.The bigger the lie the easier it is to believe.
To: EGPWS
He needs more time. After all — Rome wasn’t burned in a day.
13
posted on
06/03/2012 11:08:26 AM PDT
by
ClearCase_guy
(Like Emmett Till, Trayvon Martin has become simply a stick with which to beat Whites.)
To: Cowboy Bob
An investor stampede into bonds on Friday drove the yield on the 10-year U.S. Treasury note as low as 1.44 percent, the lowest on record.
Gee, be careful what you wish for;
Banks Pressured to Buy Government Debt http://www.freerepublic.com/focus/f-news/2890296/posts
US and European regulators are essentially forcing banks to buy up their own government's debta move that could end up making the debt crisis even worse, a Citigroup analysis says.
Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says.
14
posted on
06/03/2012 11:08:55 AM PDT
by
Son House
(The Economic Boom Heard Around The World => TEA Party 2012)
To: All
Here is the actual opening of the article-—
WASHINGTON (AP) Another bad month for the U.S. job market is lengthening the list of perils facing the global economy.
American employers added only 69,000 jobs in May, the fewest in a year and not even close to what economists expected. For the first time since June, the unemployment rate rose, to 8.2 percent from 8.1 percent.
It was the third month in a row of weak job growth and further evidence that, just as in 2010 and 2011, a winter of hope for the economy has turned to a spring of disappointment.
“This is horrible,” said Ian Shepherdson, chief economist at High Frequency Economics, a consulting firm.
The job figures, released Friday by the Labor Department, dealt a blow to President Barack Obama at the start of a general election campaign that will turn on the economy.
They also deepened the pessimism of investors, who even before the report was released were worried about a debt crisis in Europe with no sign of solution and signs of a slowdown in the powerhouse economy of China.
“The U.S. is not an island, and what happens abroad matters here,” said Diane Swonk, chief economist at Mesirow Financial. “The weakness in Europe, in particular, has a global reach and is affecting us.”
Read more: http://www.businessinsider.com/fridays-us-jobs-report-is-so-stunningly-bad-its-a-danger-to-the-global-economy-2012-6#ixzz1wkt6SYXl
15
posted on
06/03/2012 11:13:31 AM PDT
by
John W
(Viva Cristo Rey!)
To: Son House; Lurker
An AP story declaring a sudden unemployment "crisis" after all this time?
See tag line.
16
posted on
06/03/2012 11:20:46 AM PDT
by
Carry_Okie
(The Slave Party Switcheroo: Zero ineligible! economic crisis!! Hillary 2012!!! Blame the birthers)
To: Son House
Obama and the democrats have been unrelenting in their deliberate advances to kill the incentive of the ambitious.
Nothing will get better until Obama is removed from the White House and the dems are taken out of power.... even then, it may very well take generations to repair the damage.
17
posted on
06/03/2012 11:28:31 AM PDT
by
Gator113
(***YOU GAVE it to Obama. I would have voted for NEWT.~Just livin' life, my way~)
To: Loyal Buckeye
What until next week when the numbers will be raised down...AGAIN.
18
posted on
06/03/2012 11:36:48 AM PDT
by
kcvl
19
posted on
06/03/2012 11:59:11 AM PDT
by
SunkenCiv
(FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
20
posted on
06/03/2012 11:59:11 AM PDT
by
SunkenCiv
(FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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