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June Jobs Report Shows US Recovery Is Accelerating
ABC News ^ | July 3, 2014 | By JOSH BOAK AP Economics Writer

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: bias; journalism; journalists; media

1 posted on 07/03/2014 1:30:59 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Is this a joke? All of that is unmitigated BS.


2 posted on 07/03/2014 1:32:34 PM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Oldeconomybuyer

Dow closes above 17,000 and no one cares


3 posted on 07/03/2014 1:32:46 PM PDT by molson209 (Blank)
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To: Oldeconomybuyer
And the Monica Lewinsky award for Democratic sycophantic journalism goes to....ABC News!
4 posted on 07/03/2014 1:33:20 PM PDT by fhayek
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To: Oldeconomybuyer
If what ABC News has been reporting over the past five years about the economy were true we'd all be as rich as Rockefellers by now.
5 posted on 07/03/2014 1:34:45 PM PDT by skeeter
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To: Ghost of SVR4
"Is this a joke? All of that is unmitigated BS"

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. . . . .

6 posted on 07/03/2014 1:35:48 PM PDT by DeaconRed (Why would ANYBODY want to be President after the mess ZERO is leaving?)
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To: Oldeconomybuyer

Accelerating?

Like Thelma and Louise?

As they reached the edge..

DC Movies.. Coming soon

Obama Soars .. Country declines


7 posted on 07/03/2014 1:43:53 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: Oldeconomybuyer
Recovery, my arse. Incredible that the media continues to parrot this lie from the Obama administration.
8 posted on 07/03/2014 1:44:32 PM PDT by fatnotlazy
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To: molson209

We should be at least 20-25K .. But for the meddlers of DC.


9 posted on 07/03/2014 1:44:45 PM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: Oldeconomybuyer

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.


10 posted on 07/03/2014 1:45:48 PM PDT by adorno (Y)
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To: molson209
"Dow closes above 17,000 and no one cares"

Reminds me of the roller coaster going up right before the plunge.. ka-chink ka chink ka chink ka chink ka chink...

11 posted on 07/03/2014 1:47:22 PM PDT by CivilWarBrewing
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To: Oldeconomybuyer

Summer of Recovery #5! It’s a big effin deal says Joe Biden. lol


12 posted on 07/03/2014 1:52:11 PM PDT by TigersEye ("No man left behind" means something different to 0bama.)
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To: CivilWarBrewing

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?


13 posted on 07/03/2014 1:52:33 PM PDT by cumbo78
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To: Oldeconomybuyer
They know we know they are lying, but that's what they're paid to do.
14 posted on 07/03/2014 1:53:20 PM PDT by E. Pluribus Unum ("The more numerous the laws, the more corrupt the government." --Tacitus)
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To: Oldeconomybuyer
I think we do have a decent economy for about 75% of America. That's made up of a lot of hard-working people that are earning and spending money. Nothing wrong with that. That's where all the growth is coming from.

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.

15 posted on 07/03/2014 1:55:04 PM PDT by Repealthe17thAmendment
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To: Oldeconomybuyer
Safely out of range of the attention span of the Obama supporter the ABC employee risked his job with some real reporting..

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 . . . .

16 posted on 07/03/2014 1:56:18 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Oldeconomybuyer

What kind of kool aid do they pass out at ABC?


17 posted on 07/03/2014 1:56:18 PM PDT by Cyman (We have to pass it to see what's in it= definition of stool sample)
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To: Cyman

AlwaysBullChit


18 posted on 07/03/2014 2:05:03 PM PDT by clintonh8r (Can Juan Williams possibly be that stupid?)
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To: TigersEye

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.


19 posted on 07/03/2014 2:18:46 PM PDT by griswold3 (I was born here in America. I will die here in a third world country. Obama succeeded.)
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To: cumbo78
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?

Joking, or for real?

If for real, do you have a link? I want to slap someone in the face with it ...
20 posted on 07/03/2014 2:22:35 PM PDT by tanknetter
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To: Oldeconomybuyer

Bull$#!t


21 posted on 07/03/2014 2:25:34 PM PDT by AFreeBird
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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?


22 posted on 07/03/2014 2:26:40 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%i)
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To: Oldeconomybuyer

Nobody in Big Media noticed that the economy SHRANK last quarter. It’s accelerating all right. Accelerating downwards.


23 posted on 07/03/2014 2:45:34 PM PDT by DManA
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To: Oldeconomybuyer

“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.


24 posted on 07/03/2014 2:54:10 PM PDT by TalBlack (Evil doesn't have a day job.)
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To: Oldeconomybuyer

Well, growth was down 2% last quarter, so if it’s down 1.5% this quarter, the economy will really be humming.


25 posted on 07/03/2014 2:59:24 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: NormsRevenge
Accelerating? Like Thelma and Louise?

Brilliant! I'm calling this "the Thelma and Louise economy."

26 posted on 07/03/2014 3:00:47 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: tanknetter
http://www.zerohedge.com/news/2014-07-03/june-full-time-jobs-plunge-over-half-million-part-time-jobs-surge-800k-most-1993


27 posted on 07/03/2014 3:16:26 PM PDT by Neidermeyer
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To: Oldeconomybuyer
Celebrate good times, c'mon!
28 posted on 07/03/2014 3:25:52 PM PDT by JPG (Yes We Can morphs into Make It Hurt.)
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To: Repealthe17thAmendment

I ain’t a math......er’ real good at math...but some of dem figures don’t match up..at least I think.


29 posted on 07/03/2014 3:29:17 PM PDT by Osage Orange (I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
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To: Neidermeyer

Thanks!

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.


30 posted on 07/03/2014 3:55:22 PM PDT by tanknetter
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To: tanknetter

http://www.zerohedge.com/news/2014-07-03/june-full-time-jobs-plunge-over-half-million-part-time-jobs-surge-800k-most-1993


31 posted on 07/04/2014 7:57:46 PM PDT by cumbo78
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