Skip to comments.U.S. Adds Just 162,000 Jobs in July, Rate Falls To 7.4%
Posted on 08/02/2013 6:07:04 AM PDT by Mad Dawgg
The U.S. economy added just 162,000 jobs in July, well below expectations and not nearly enough to alter the Federal Reserves plan to maintain its easy money policies for the foreseeable future.
The headline unemployment rate fell slightly to 7.4%, according to figures released Friday by the Labor Department, down from 7.6% in June. Economist had predicted an increase of 180,000 jobs and a 7.5% unemployment rate.
(Excerpt) Read more at foxbusiness.com ...
War is Peace...!
Last months chocolate ration of 4 grams will be raised to 3 grams this month...!
how does the rate fall?
people giving up looking for work even when their benefits expire?
We all know the numbers are fudged. They are fudged and they are still really bad.
The talking heads at CNBC said the labor force participation rate dropped. That is a much better measure than the manipulated unemployment rate.
More phony numbers....Does ANYONE believe ANYTHING these A-Holes say???
IIRC we need about 200K jobs per month just to keep up with new people entering the job market. However new people who can’t get a job don’t show up on the unemployment roles so its all good for Obamanomics...!
I will post this every time.
You only have to work ONE HOUR, EVEN BABYSITTING , DURING THE REFERENCE WEEK TO BE CONSIDERED EMPLOYED.
What geniuses sent millions of manufacturing jobs to Asia without any replacement opportunities?
The sub-human filth known as the American voter is pretty much on board all the time for any reason whatsoever and will only vote for more.
I’m linking to a Kos Kids thread, not because I hate the people here, but everyone needs a good laugh. The first two posts are by a couple of drones who have not been informed of the party line for the day, Kostards to the core. Also the racialists of the Left included a race employment chart at the bottom of the article.
Mortgage rates have bumped up plus schools are starting means home sales will drop.
Per Stuart Varney on FoxNews,
job creation is anemic
nearly 1/4 million drop out of workforce, many due to retirement, many due to no jobs available, thus being the cause for the reduction in the unemployment rate
many went from full-time to part-time, possibly due to impending Obamacare implementation
The regime mouthpieces and the state run media outlets will continually trumpet the 7.4% figure this weekend, while ignoring these facts:
1. 63.4% labor participation rate - only 63.4% of the workforce is actually "working";
2. a record number of part time jobs being included in the stats - thanks to 0bamasare;
3. Nearly a quarter million dropped out of the workforce during this period and are no longer counted, bringing the total who have given up looking for work to a new record;
The low information voters, 0bama's core constituents, cannot and WILL NOT, understand these facts and their ramifications.
Despite 0bama's seeming incompetence, he is right on track for the destruction of America!
The Ministry of Truth has spoken, so it must be so.
BUMP to your post.
Bring back American jobs, to America.
And next week, there will be unexpected growth in new unemployment claims. But the headline rate won't have to be adjusted until the end of August, with the hope that holiday hires start by then, giving the expected 7.5% unemployment rate.
We can't believe a damn thing our government tells us. Constant distortions, outright lies, propaganda, legal double speak.
These people are out of control.
Every “economist” who meekly accepts this obvious fraud every month should be publicly ridiculed. The “great” June numbers were revised downward, as usual. These Labor Dept. statistics are just about as real as those put out by the other Communist countries.
In years past we had morons talking about “Obama’s stash” this year the joke is on us with Obama’s jobs.
The administration is passing around "Phony" numbers.