[G Larry]

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

[newnhdad]

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

[kiryandil]

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.

[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.

[skeeter]

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

[FlingWingFlyer]

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

[rockinqsranch]

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.

[MrB]

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?

[rhubarbk]

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

[rhubarbk]

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

[4yearlurker]

This was reported on the evening news by talking heads with a serious looks on their faces. It must be true!!

[tbpiper]

I smell a pants fire.

[riri]

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.

[Red Badger]

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

[JOAT]

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

[SoFloFreeper]

Massage city.

[Grampa Dave]

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.

[Cheerio]

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

[Fresh Wind]

Happy days are here again!

Thank you Barack Obama (peas be upon you)!

[paristexas]

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?