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U.S. June Employment Report: 288,000 Jobs Added, Unemployment Rate Down to 6.1 Percent
The New Orleans Times-Picayune ^ | Thursday, July 3, 2014

Posted on 07/03/2014 6:57:14 AM PDT by kristinn

Hiring over the past five months has been the strongest since the late 1990s tech boom as the economy added 288,000 jobs in June and the unemployment rate fell to 6.1 percent from 6.3 percent.

The Labor Department says those gains follow additions of 217,000 jobs in May and 304,000 in April, figures that were both revised upward.

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


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: economy; jobsreport; unemployment
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1 posted on 07/03/2014 6:57:14 AM PDT by kristinn
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To: kristinn

We have 93,000,000 people no longer COUNTED as being in the workforce, in order to manipulate this “unemployment” figure.


2 posted on 07/03/2014 6:59:55 AM PDT by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: All

whoever believes the phoney baloney jobs numbers please stand on your head..


3 posted on 07/03/2014 7:00:21 AM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: kristinn
Employment: +288k, YAWN
Karl Denninger
July 3, 2014
http://market-ticker.org/akcs-www?post=229154

The Bureau of Lies And Scams emitted it's usual monthly fiction today:

Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by employment growth in professional and business services, retail trade, food services and drinking places, and health care. 

Uh huh.

Here's the amusing part -- adjusted for population on a 12 month basis the net change was..... 1,000.  Really.

In other words, take the 12 month change in employment and subtract the 12 month change in working-age population.  You get.... "1", and since these are thousands, that's 1,000 people.

We had a positive print here in March, but this tells the tale in terms of people; it's flat.

Let's look at the charts.

The gain rate looks good top-line.  The problem is that population-corrected it's flat:

There is one good piece of news in here -- the employment:population rate edged up.  A breakout it is not -- yet -- but the trend is in the right direction at the moment:

The workweek was unchanged, indicating little pressure there, and has remained at 34.5 for the last year.  Unfortunately a huge percentage of the added jobs were low-wage; +33,000 in food-service and drinking places alone.  The sad part of people cheering professional and business service gains is that a minority of them were in high-paying sectors -- only about 1/3rd of the adds sum between management, technical consulting, architectural and engineer or computer systems design and related services (e.g. programming.)  The rest were low-wage "business services" such as temp placements.

The one bright spot among manufacturing is that it was all in durable goods; non-durable manufacturing actually lost 1,000 jobs.  That's a positive, but as a percentage of the whole manufacturing was only 5.5% of the added employment.  That's terrible.

Also not-good was the increase in involuntary part-time employment ("economic reasons"); the total net-add was ridiculous, accounting for nearly the entire addition to employment at +275,000 this month alone.  OUCH.

Non-economic shift to part-time employment was +840,000, which was nearly triple the employment add.  What's far more-troubling is that this looks to be a step-function in the last month -- and it's unexplained.  Obamacare went into effect on the year turn for most employers; what explains 840,000 people shifting to part-time employment for other than economic reasons (in other words, they got forced back onto part-time hours or could only find a part-time job) in one month?

Finally, 26,000 additional government leeches were added to your tax bill -- ironically, the same as actual goods-producing jobs, canceling their positive economic impact.

Welcome to Amerika, comrade.

4 posted on 07/03/2014 7:00:58 AM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: kristinn

Except that real wages are down 16% and US economic growth is -2.9% YTD... which means the “new jobs” being created are former mid- to high-level wage earners who have secured a new position at a much lower salary.


5 posted on 07/03/2014 7:01:18 AM PDT by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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To: G Larry

Interesting that the U-6 rate not seasonally adjusted increased to 12.4 from 11.7 in May.

U-6-- Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

6 posted on 07/03/2014 7:02:12 AM PDT by kabar
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Comment #7 Removed by Moderator

To: kristinn

Cool. The new jobs just about cover the number of illegals flooding across the border every month.


8 posted on 07/03/2014 7:03:25 AM PDT by skeeter
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To: kristinn

6.1 is the Obama regime’s Fun With Numbers number. 12.1 is the actual unemployment rate.


9 posted on 07/03/2014 7:04:58 AM PDT by FlingWingFlyer (The future must not belong to those who slander bacon.)
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To: snowrip
“Except that real wages are down 16% and US economic growth is -2.9% YTD... which means the “new jobs” being created are former mid- to high-level wage earners who have secured a new position at a much lower salary.”

Yes, yes. But these people no longer have JOB LOCK and therefore they are a happier worker, according to obama. Money is only for the ruling class to enjoy.

So see? Everything’s okay!

10 posted on 07/03/2014 7:07:12 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: G Larry
Participation rate remained flat in June.


11 posted on 07/03/2014 7:07:38 AM PDT by Wyatt's Torch
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To: FlingWingFlyer
U6 is lowest since October 2008:


12 posted on 07/03/2014 7:09:48 AM PDT by Wyatt's Torch
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To: kiryandil
Also not-good was the increase in involuntary part-time employment ("economic reasons"); the total net-add was ridiculous, accounting for nearly the entire addition to employment at +275,000 this month alone. OUCH.

Does this mean that of the 288k jobs, 275k were part time? Excuse my ignorance of job statistical BS.
13 posted on 07/03/2014 7:09:59 AM PDT by nhwingut (This tagline is for lease)
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To: kristinn

We’ll probably see that BS “unemployment” number decrease each month up to the November election. Too many LIV’s WILL believe it, because they don’t put any brainwork to anything other than their beer bellies, and what’s in their britches.


14 posted on 07/03/2014 7:10:14 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
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To: kristinn

Wow, only 1% above the “full employment rate” of 5% we were experiencing in 2000!

The economy must be BOOMING!

I believe we also had a + (that’s a PLUS) 5% growth rate that year as well!

The growth rate today, with these unemployment numbers, should then be at least 4%! Great!
...

What? Negative 3% growth rate? What?


15 posted on 07/03/2014 7:11:19 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: kristinn

The “Good News” ramp up for November has begun for the Lo-Info crowd.


16 posted on 07/03/2014 7:14:40 AM PDT by rhubarbk (It's official, I'm suffering from Obama fatigue!)
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To: kristinn

The “Good News” ramp up for November has begun for the Lo-Info crowd.


17 posted on 07/03/2014 7:27:01 AM PDT by rhubarbk (It's official, I'm suffering from Obama fatigue!)
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To: rhubarbk

Sorry for the double post!


18 posted on 07/03/2014 7:27:52 AM PDT by rhubarbk (It's official, I'm suffering from Obama fatigue!)
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To: G Larry

Not to mention they count some people twice and even three times. If you have three part time jobs they count that as three people employed.

We also have millions more on “disability” that are not counted.


19 posted on 07/03/2014 7:29:15 AM PDT by CodeToad (Arm Up! They Are!)
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To: Wyatt's Torch

Nothing but communist propaganda as those are not hard numbers but numbers taken by a telephone polling. No manipulation there, huh, buddy?


20 posted on 07/03/2014 7:30:06 AM PDT by CodeToad (Arm Up! They Are!)
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To: kristinn
This was reported on the evening news by talking heads with a serious looks on their faces. It must be true!!
21 posted on 07/03/2014 7:31:25 AM PDT by 4yearlurker (Some people say that experts agree!!)
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To: nhwingut
From the BLS:

"The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 275,000 in June to 7.5 million. The number of involuntary part-time workers is down over the year but has shown no clear trend in recent months. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)"

No, I don't think so. I think Denninger is using that number to show what a joke the "288,000" number is.

http://www.bls.gov/news.release/pdf/empsit.pdf

22 posted on 07/03/2014 7:31:53 AM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: 4yearlurker
This was reported on the evening news by talking heads with a serious looks on their faces. It must be true!!

The Palace Guard media would like us all to Ooooh and Aaaaah over the Sunni Punk's New Clothes.

23 posted on 07/03/2014 7:33:09 AM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: kristinn

I smell a pants fire.


24 posted on 07/03/2014 7:34:11 AM PDT by tbpiper
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To: kristinn

Wow. Even if true (it is not). We are adding at least that much every month over the southern border who don’t speak English.


25 posted on 07/03/2014 7:35:21 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: kristinn

Lies, Damned Lies and Statistics.......................


26 posted on 07/03/2014 7:35:29 AM PDT by Red Badger (I've posted a total of 2,752 threads and 85,005 replies. ..)
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To: CodeToad

You said all that when DJIA was 14,000 and S&P was 1500... Pretty sure your analysis of the economy is fairly lacking, unimaginative and just boring. Feel free to contact me when you have something valuable and substantive to add.


27 posted on 07/03/2014 7:52:10 AM PDT by Wyatt's Torch
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To: kristinn

I don’t understand comrades, we’ve always been at war with Eastasia.


28 posted on 07/03/2014 7:56:41 AM PDT by JOAT
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To: Wyatt's Torch

“. Feel free to contact me when you have something valuable and substantive to add.”

What makes you think you communist views are that important to anyone?

I noticed you quote stock market prices. Your ignorance of such numbers in history are no surprise, but let’s remind everyone else that during the great depression those numbers were high as well.


29 posted on 07/03/2014 8:11:45 AM PDT by CodeToad (Arm Up! They Are!)
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To: Wyatt's Torch

P.S. Got anything to say about my actual comments that the numbers you continue to quote are nothing but telephone poll numbers subject to manipulation, or, as a typical liberal, you only want to deflect the conversation to some non sequitur such as stock market prices?


30 posted on 07/03/2014 8:13:30 AM PDT by CodeToad (Arm Up! They Are!)
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To: kristinn

Massage city.


31 posted on 07/03/2014 8:18:35 AM PDT by SoFloFreeper
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To: kristinn

There seems to be a discord, when reality enters not pr yellow journalism.

http://www.freerepublic.com/focus/f-news/3175547/posts

Who Was Hiring In June 2014?
Zero Hedge ^ | 07/03/2014 | Tyler Durden
Posted on 7/3/2014 8:25:06 AM by SeekAndFind

As we reported previously, and as hardly anyone else will discuss, in June the composition of added jobs was rather abysmal: according to the Household survey, while over half a million full-time jobs were lost, this was offset by less paying, benefits-free part-time jobs rising by 799K, the most since 1993. So what does that mean for the job quality as reported by the Establishment Survey. Let’s dive in.

Of the 288K jobs added in June, here were some of the biggest contributors:

Retail Trade: 40.2K
Leisure and Hospitality: 39K
Education and health: 38K
Government: 26K
Temp Help Service: 13.1K
What about the well-paying jobs? Well, here they are:

Professional business services: 53.9K
Financial Services: 17K
Manufacturing: 16K
Information: 9K
Construction: 6K

And there, again, us why cost-push inflation may be spreading (especially after one buys record expensive burgers and pays the highest gas bill since 2008 for the July 4th weekend) but wage inflation is nowhere to be found.


32 posted on 07/03/2014 8:39:00 AM PDT by Grampa Dave ( Herr Obozo, the Sunni Won-Doer, will not divert $'s from his war on Americans to help our Veterans!)
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To: newnhdad

Apparently, you weren’t listening to the economist on the news yesterday who trumpeted the news that we are nearing FULL EMPLOYMENT!! Party on! Bob


33 posted on 07/03/2014 8:50:36 AM PDT by alstewartfan (The word is on the street growing day by day, Even the informers know to stay away. Al Stewart)
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To: kristinn
Hallelujah!!!!!!

Data extracted on: July 3, 2014 (12:10:20 PM) Labor Force Statistics from the Current Population Survey
Series Id: LNS11300000
Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over



34 posted on 07/03/2014 9:11:41 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: kristinn

Happy days are here again!

Thank you Barack Obama (peas be upon you)!


35 posted on 07/03/2014 9:18:43 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: snowrip

Except that real wages are down 16% and US economic growth is -2.9% YTD... which means the “new jobs” being created are former mid- to high-level wage earners who have secured a new position at a much lower salary.


” I hope Americans are going to learn to love their new third world wages”, George Soros circa 2009


36 posted on 07/03/2014 9:21:41 AM PDT by rdcbn
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To: snowrip

Except that real wages are down 16% and US economic growth is -2.9% YTD... which means the “new jobs” being created are former mid- to high-level wage earners who have secured a new position at a much lower salary.


” I hope Americans are going to learn to love their new third world wages”, George Soros circa 2009


37 posted on 07/03/2014 9:22:23 AM PDT by rdcbn
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To: kabar

This entire thing is about to come crashing down


38 posted on 07/03/2014 9:25:25 AM PDT by Viennacon
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To: kristinn

And the Dow hits its all time high today, breaking 17,000 for the first time. Can you believe what idiots Wall Street investors are?


39 posted on 07/03/2014 10:48:39 AM PDT by paristexas
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To: kiryandil

I wonder if those 26,000 federal newbies were brown shirt bus drivers used to haul wetbacks across the southern border. They’re under staffed down there doncha know?


40 posted on 07/03/2014 11:31:50 AM PDT by cherokee1 (skip the names---just kick the buttz)
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To: kristinn
Total job increase = 288,000.
Increase in number of people working part-time = 275,000.

Net increase in full-time jobs = 13,000.

Increase in population over the last month = 180,000.

41 posted on 07/03/2014 11:58:28 AM PDT by Hoodat (Proverbs 29:2)
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To: paristexas

Stocks follow the rules of supply and demand just like everything else. Too many dollars chasing too few goods.


42 posted on 07/03/2014 12:00:13 PM PDT by Hoodat (Proverbs 29:2)
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To: G Larry

Ping!!


43 posted on 07/03/2014 1:26:15 PM PDT by Doc91678 (Doc91678)
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To: kristinn

Like minimum wage, I just “love” these numbers, like the smell of the baking oven of Hitler.

This is a government IRS pat on the back as to how much money they owe, killing the rest off. Hence the economy of death is roaring, filled with abortion and the beginning of a sewage for humans developments.

Liberals have “won”, Obama has “won”, they have won big indeed in discouraging subsistance and even getting unemployment pay from the government, heck they even won the next “vote for me now then die” illegal votes.

There, Democracy for you. The political win avoiding the “death wish” against abortion is such oxymoron.

Right there, this unemployment cost cheating figures are the death knell.


44 posted on 07/03/2014 1:36:34 PM PDT by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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To: kiryandil

bump


45 posted on 07/03/2014 2:49:21 PM PDT by CPT Clay (Follow me on Twitter @Clay N TX)
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To: kristinn

I remember the good old days when during the Reagan REAL recovery the private sector was creating millions of jobs a month.

And back then, instead of celebrating, the LSM were lying about the new jobs as “nothing but low end hamburger flipping jobs.”

But, as usual, the left thinks history doesn’t exist.


46 posted on 07/03/2014 2:53:29 PM PDT by Fledermaus (Conservatives are all that's left to defend the Constitution. Dems hate it, and Repubs don't care.)
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To: kiryandil
Here's the amusing part -- adjusted for population on a 12 month basis the net change was..... 1,000. Really.

In addition to this, June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993.

47 posted on 07/03/2014 3:01:26 PM PDT by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: Hoodat

Too many dollars—where are those coming from? Everybody I know is still suffering through the Obama depression.


48 posted on 07/03/2014 3:58:34 PM PDT by paristexas
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To: Fledermaus
Yeah, how come if the economy is SO great, why are liberals pushing for "hamburger flippers" to be paid a wage so that they can support a family on it?

20 years ago, such people would have been laughed out of the room.

What kind of person can expect that Taco Bell is going to pay you to support a family?

Those jobs are for teenagers.

At least they WERE.

If there are that many people who really are working at McDonalds to support their families, then the economy is in terrible shape.

The MSM is SO incurious about pursuing that question.

Why?

49 posted on 07/03/2014 4:37:29 PM PDT by boop (I just wanted a President. But I got a rock.)
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To: kristinn

What would be the REAL UNEMPLOYMENT figures if those who quite looking for work were put into the “unemployed”total figures?

It would probably shoot up to 8% or higher.

Nothing seems as it really is under Obama’s “Alice in Wonderland”/George Orwell’s “1984” marxist regime.


50 posted on 07/03/2014 4:38:51 PM PDT by MadMax, the Grinning Reaper
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