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Jobs report: 80K jobs added, 8.2% jobless rate; Update: Worst quarter in 2 years
Hot Air ^ | JULY 6, 2012 | ED MORRISSEY

Posted on 07/06/2012 7:13:07 AM PDT by Hotlanta Mike

The jobs report for June shows another gloomy month in the US economy. Job growth amounted to a disappointing 80,000, below analyst expectations of 90-100K, while the jobless rate remained the same at 8.2%:

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: jobless; jobsreport; recovery; unemployment; unexpected; unexpectedly
John Harwood points out that the public sector only lost 4,000 jobs, so the problem is not a lack of government jobs, contra Obama.
1 posted on 07/06/2012 7:13:13 AM PDT by Hotlanta Mike
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To: Hotlanta Mike

How many of those are part-time positions at Water Parks?


2 posted on 07/06/2012 7:15:40 AM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
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To: Hotlanta Mike

BRING BACK American jobs.

Stop selling US jobs to China.

Now.


3 posted on 07/06/2012 7:16:10 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Hotlanta Mike

Wall Street is not amused. Dow down 140+ points.


4 posted on 07/06/2012 7:16:24 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: libertarian27

How many of those are part-time positions at Water Parks?


Update III: The AP article also reports that one-third of the job gain came from temp hires. That may or may not be a bad thing; temp hires usually presage some expansion, but that’s something you want to see more toward the beginning of a recovery than three years into it. At this stage, and with these low overall numbers, it looks a lot more like bet-hedging.


5 posted on 07/06/2012 7:17:16 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Hotlanta Mike

8.2% - the new Obama Normal.


6 posted on 07/06/2012 7:18:33 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: Lou L
Nor are these people amused...
7 posted on 07/06/2012 7:18:54 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Hotlanta Mike

Stop posting this...this...FICTION!

Obama says the economy is doing fine and he’s speaking to handpicked Government Motors union audiences to prove it!

You right wingers act like he should be overseeing - or at least checking - on the storm recovery for those white devils on the East Coast!

He’s got a bus tour to do dammit!


8 posted on 07/06/2012 7:25:20 AM PDT by relictele
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To: Hotlanta Mike

I’m not at all worried about the jobs market. I AM CERTAIN things will GREATLY improve by October.

That said, I expect the improvement to be only temporary, only lasting a month, at tops.


9 posted on 07/06/2012 7:26:12 AM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: fwdude

Don’t worry, by October MSNBC, CNN, and the NY Times will be reporting a 4% unemployment rate. Besides, this dismal report was—drumroll please—”unexpected.” And when all else fails, it’s still Bush’s fault!


10 posted on 07/06/2012 7:28:42 AM PDT by Freestate316
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To: Hotlanta Mike

Of course, temp in June could mean for June, July and August couldn’t it?


11 posted on 07/06/2012 7:32:35 AM PDT by John W (Viva Cristo Rey!)
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To: Hotlanta Mike

Unexpected


12 posted on 07/06/2012 7:39:40 AM PDT by MuttTheHoople (Obama doesnÂ’t have the work ethic to be Anti-Christ.)
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To: Hotlanta Mike

The Obama controlled media only wants to report the U3 number which is much lower than the 14.8% (up from 14.5%) U6 number.

The U6 number is a much better representation of the employment/unemployment picture.

How bad does the economy have to be before O’Blame-o loses all his support except for blacks who would vote for him if he were the reincarnation of Hitler?

Is this still all GWB’s fault?


13 posted on 07/06/2012 7:42:04 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: Cringing Negativism Network
BRING BACK American jobs.

Stop selling US jobs to China.

Now.

Easy way to do this: fix our economy-inhibiting income tax code. The current income tax code is a HUGE factor in causing a massive flight of jobs, factories and even corporate headquarters out of the USA.

14 posted on 07/06/2012 7:43:56 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Hotlanta Mike

O-jobs failure


15 posted on 07/06/2012 7:48:14 AM PDT by newfreep (Breitbart sent me...)
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To: RayChuang88

Tax Code AND regulations!


16 posted on 07/06/2012 7:54:25 AM PDT by goodnesswins (What has happened to America?)
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To: Hotlanta Mike

Thank goodness for water parks, swimming pools and McDonalds!


17 posted on 07/06/2012 7:58:04 AM PDT by Perseverando (Keywords: So we can find a really great article a couple of months from now.)
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To: Hotlanta Mike

NY Stock Exchange person just said we need 150,000 jobs a month just to keep up with population growth.


18 posted on 07/06/2012 8:15:46 AM PDT by AGreatPer (Any Republican. Just NO Obama.)
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To: All

The ObamaZombies will claim Obama created 4 million new jobs.

It’s actually about 3.6

The problem is that Obama has lost about 6 million jobs.

Also, some ammo your libbie libs will REALLY love.

At the same time in their Presidency’s, as of right now..

Reagan’s Recovery show a robust 7.8% growth rate.
Obama ?? .... 1.8%


19 posted on 07/06/2012 8:28:30 AM PDT by rbmillerjr (Conservative Economic and National Security Commentary: econus.blogspot.com)
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To: Hotlanta Mike

The temp hires are just that temporary. Businesses are trying to make money now while we have the lower tax rates and no 0-care. These jobs will be dumped just before the election and certainly after the election if the Kenyan wins.


20 posted on 07/06/2012 8:34:50 AM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: AGreatPer
NY Stock Exchange person just said we need 150,000 jobs a month just to keep up with population growth.

Well over a year ago, Stuart Varney on FoxNews said that we needed 200,000 jobs per month just to stay even. At that time, UE was well over 400,000.

Last month, per the recent figures, we got 80,000 new jobs.

That is a woeful shortfall and it has been happening on a monthly basis since Obama has been in office.
21 posted on 07/06/2012 8:37:03 AM PDT by TomGuy
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To: Cringing Negativism Network

BRING BACK American jobs.
_______________________

Drill, drill, drill!

Drilling & fracking creates jobs and makes America less dependant of foreign oil, plus the added benefit of lower energy cost.

I hear that you almost have to hide in North Dakota to avoid being offered a job, even at McDonalds.

Why can’t the idiots/environmental activists in D.C. see this? I answered my own question, I know. IDIOTS!


22 posted on 07/06/2012 9:17:03 AM PDT by panaxanax (Voting 'Third Party' will ensure a Communist-Marxist-Socialist dominated Supreme Court!)
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To: C210N

I’m not at all worried about the jobs market. I AM CERTAIN things will GREATLY improve by October.

That said, I expect the improvement to be only temporary, only lasting a month, at tops.


As Newt so aptly stated during the primaries, recovery begins on November 7th WHEN Obama is defeated.


23 posted on 07/06/2012 9:31:04 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: TomGuy
"Well over a year ago, Stuart Varney on FoxNews said that we needed 200,000 jobs per month just to stay even."

I remember that well.

I tend to believe the stock trader in the cow coat on the floor of the Exchange.

-------------------------------------

I just wish they would stop destroying our coal industry. Heard our production is down from 50% to 30%. Not sure.

Subject is not being talked about.

24 posted on 07/06/2012 2:49:27 PM PDT by AGreatPer (Any Republican. Just NO Obama.)
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