Skip to comments.June Jobs Report Shows US Recovery Is Accelerating
Posted on 07/03/2014 1:30:59 PM PDT by Oldeconomybuyer
A surprisingly robust job market is energizing the 5-year-old U.S. recovery and driving the economy closer to full health.
"This has now become a textbook jobs expansion," said Patrick O'Keefe, director of economic research at the consultancy CohnReznick. "It is both broad and accelerating."
Several other signs point to the economy's brightening health.
Auto sales rose at the fastest pace in eight years in June. Factory orders picked up last month. And home sales strengthened this spring after having sputtered in the middle of last year when higher mortgage rates and rising prices hurt affordability.
(Excerpt) Read more at abcnews.go.com ...
Is this a joke? All of that is unmitigated BS.
Dow closes above 17,000 and no one cares
This is the LSM proping up the ZERO after the poll showing him the worst ever.. . . . . .
93 MILLION OUT OF WORK AND QUIT LOOKING. The economy is in the tank and getting worse daily. . . . .
Like Thelma and Louise?
As they reached the edge..
DC Movies.. Coming soon
Obama Soars .. Country declines
We should be at least 20-25K .. But for the meddlers of DC.
ABC conveniently forgets that, a 2.9% drop in GDP is the opposite of a recovering economy.
That 12.1% real unemployment number is also conveniently not mentioned by ABC.
But, the people who visit ABC will remain ignorant to the real facts about the crumbling economy; but, that’s the intent. Obama is very appreciative of ABC and the rest of his media compadres.
Reminds me of the roller coaster going up right before the plunge.. ka-chink ka chink ka chink ka chink ka chink...
Summer of Recovery #5! It’s a big effin deal says Joe Biden. lol
Full time jobs dropped 523 thousand and part time jobs increased 799 thousand. This is the “plus” 280 thousand jobs? Where is that in this great report?
But we have this 35% that's not working. About 33 million, or about 10% are retired, so we assume that they have saved enough and are living comfortably, and somewhat participating in the economy.
But then you have the non-working, non-retired 25% existing off the government's growing debt. They are not adding to the growth, as they are just surviving; not producing, and just barely consuming on the fringes.
Looking at the growth of the 75% may look good, but when it's all added together with the 25% anchor, we might very well be headed into a recession.
Researchers at the liberal Economic Policy Institute estimate that 6.7 million more jobs would have been needed to keep up with U.S. population growth . . . Just 62.8 percent of American adults are working or are looking for a job, compared with 66 percent before the downturn . . . long-term unemployed has dropped 1.2 million over the past year . . . [but] numerous people without jobs have given up their searches a trend that could drag on future U.S. growth . . . .
What kind of kool aid do they pass out at ABC?
Gotta get in on that thar Dow! Don’t wanna be left behind, ya know.
Something wicked this way comes. I’m very leary when ALL the ‘news’ is this good.
Despite the fact that nobody believes these fake numbers, what exactly did obastard supposedly “do”, to “improve” the economy in order to claim credit for it?
Nobody in Big Media noticed that the economy SHRANK last quarter. It’s accelerating all right. Accelerating downwards.
“A surprisingly robust job market is energizing the 5-year-old U.S....”
A recovery that needs energizing 5 years after it has begun cannot by any measure be called a recovery.
Well, growth was down 2% last quarter, so if it’s down 1.5% this quarter, the economy will really be humming.
Brilliant! I'm calling this "the Thelma and Louise economy."
I ain’t a math......er’ real good at math...but some of dem figures don’t match up..at least I think.
I’m guessing the spike in part time jobs is due to highschoolers and college kids picking up Summer jobs.
But I was also poking out at BLS.gov and noticed that the number of people working part time jobs because they needed work and couldn’t find full time jobs increased by 275,000. So most of the 288k increase can be accounted for by the underemployed.
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