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The New Republic: Recovery Summer May Finally Have Arrived
The New Republic ^ | 07/04/2014 | By Danny Vinik

Posted on 07/04/2014 5:48:29 AM PDT by SeekAndFind

Edited on 07/04/2014 6:03:47 AM PDT by Admin Moderator. [history]

For the past few years, it was like clockwork: A disappointing summer of job growth would give way to a much stronger winter. Economists would hesitantly forecast that the economy was about to kick into second gear. Then the summer would come and the disappointing data would return. But finally, looks like we're ready to break that trend: The economy added 288,000 jobs in June, soundly beating economistsí expectations of 211,000, and the unemployment rate fell to 6.1 percent.


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


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: jobs; recovery; unemployment
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1 posted on 07/04/2014 5:48:29 AM PDT by SeekAndFind
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To: SeekAndFind

What a crock!


2 posted on 07/04/2014 5:50:54 AM PDT by Antoninus II
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To: SeekAndFind

Lots of people would rather not risk a business venture in times like this when success is questionable and they would rather not pay taxes on their risk.


3 posted on 07/04/2014 5:52:31 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: SeekAndFind
Anyone here believe the economy is picking up and unemployment is low?

"The Obama Pattern: Workforce Shrinks, So Unemployment Drops"

The total number of people who are seeking employment has been decimated in the Obama recovery, with a record-breaking 92,120,000 Americans who, by the BLS’s definition, have dropped out of the labor force. That leaves the participation rate among working-age Americans stranded, for yet another month, at the lowest level it’s seen in four decades: 62.8 percent. The figure reflects a one-month increase in dropouts from the labor force of 111,000.

http://personalliberty.com/obama-pattern-workforce-shrinks- unemployment-drops/

http://www.shadowstats.com/

4 posted on 07/04/2014 5:53:34 AM PDT by Bon of Babble (Given enough coffee...I could rule the world!!)
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To: Antoninus II

Yeah, a crock of shitte!


5 posted on 07/04/2014 5:54:16 AM PDT by b4its2late (A Progressive is a person who will give away everything he doesn't own.)
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To: Bon of Babble

How accurate is this Shadow Stats and why are their numbers more reflective of the state of things than the DOL?


6 posted on 07/04/2014 5:55:36 AM PDT by SeekAndFind
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To: SeekAndFind

7 posted on 07/04/2014 5:57:04 AM PDT by Perdogg (Ted Cruz-Rand Paul 2016)
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To: SeekAndFind
The only way to look at government numbers is after a 1/4 lb. joint. Only when in the purple haze will you understand the B.S. numbers this criminal government puts out. It's all lies by the father of lies. Wakey, wakey the coffees burning!
8 posted on 07/04/2014 5:58:54 AM PDT by lostboy61 (Lock and Load and stand your ground!)
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To: SeekAndFind

Yes, and I hear the wheat harvest is at an all time high, comrade!


9 posted on 07/04/2014 6:01:00 AM PDT by logitech (It is time.)
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To: SeekAndFind
The economy added 288,000 jobs in June, soundly beating economists’ expectations of 211,000, and the unemployment rate fell to 6.1 percent.

Do even the slightest bit of journalism and you will see that there was a decrease of about 500,000 full time jobs and an increase of 800,000 part time jobs. The total number of jobs may have increased, but I wouldn't be surprised if the number of hours worked dropped.

10 posted on 07/04/2014 6:01:56 AM PDT by KarlInOhio (The IRS: either criminally irresponsible in backup procedures or criminally responsible of coverup.)
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To: Antoninus II

Yeah, the economy added jobs, but they are not “career” positions. They are PART-TIME jobs. Under the magic number of 30 hours.

So these are benefit free jobs, and the attack on the middle-class continues, and the New Republic celebrates.


11 posted on 07/04/2014 6:02:23 AM PDT by Ouderkirk (To the left, everything must evidence that this or that strand of leftist theory is true)
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To: SeekAndFind

Sometime in August, they will have another article headlined “Recovery Summer Unexpectedly Fails to Materialize”


12 posted on 07/04/2014 6:04:41 AM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: SeekAndFind

Your post always seem to be this kind of “blue sky” crap that says the economy, stock market, employment are on the rebound and all is great with the economy. Why is that?


13 posted on 07/04/2014 6:05:02 AM PDT by traderrob6
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To: SeekAndFind

Yeah, if you want a minimum-wage, part-time job, where your days and hours are different from week to week, preventing you from getting another part-time job.


14 posted on 07/04/2014 6:07:22 AM PDT by jeffc (The U.S. media are our enemy)
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To: SeekAndFind

Because of Obamacare and a slow economy business had to lay-off and cut-back hours to part-time previously full-time workers. Then, because they still had a labor need they hired 2 part time people to replace each full time employee they let-go/forced into part-time.

Only the left could spin losing full-time employment forcing Americans into taking multiple part-time jobs as a good thing...


15 posted on 07/04/2014 6:09:52 AM PDT by Mechanicos (When did we amend the Constitution for a 2nd Federal Prohibition?)
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To: SeekAndFind; MHGinTN; don-o

The temptation is to consider a homogenized economy. That is not the case.

Many poo poo the articles and talk of growth or at least some indication of normalization.

Here in upper east Tennessee, things are pretty good. The primary industry announced a $1.2 billion investment locally to expand and update production capacity. Other manufacturers are running full tilt and with the restraints of caution imposed several years ago are caught between the need to increase employment and the fear of Obamacare, recession. Houses continue to sell and some builders have resumed construction.

Meanwhile, retail growth put on hold is booming with the construction of three very large totally new retail centers currently under construction.

We live in a conservative region with almost no union or leftwing baggage. Our local governments compete actively to be a positive factor in employment facilitation and growth.


16 posted on 07/04/2014 6:10:44 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Obama is public enemy #1)
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To: traderrob6

RE: Your post always seem to be this kind of “blue sky” crap that says the economy, stock market, employment are on the rebound and all is great with the economy. Why is that?

In order to hear your refutations. GO AT IT.


17 posted on 07/04/2014 6:11:22 AM PDT by SeekAndFind
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To: SeekAndFind

They’re still pissing down our collective backs, and telling us that it’s raining.


18 posted on 07/04/2014 6:13:07 AM PDT by carriage_hill ( Incoming fire always has the right of way.)
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To: SeekAndFind
isn't there a way to use how many SS#s are on active payroll? couldn't companies report this and then we'd know for sure how many people were actually working?

this seems like it would take away to guessing game.

19 posted on 07/04/2014 6:17:57 AM PDT by ealgeone (obama, borderof)
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To: SeekAndFind

I believe both parties are to blame.

EVERYONE is sending jobs to other countries.

Americans are sending jobs elsewhere. to make things cheaper. Yet all of the lost jobs, lose something else.

American ownership.

America needs to make things, right here in America. Our trade situation is now critical.

Bring back American manufacturing.

Now.


20 posted on 07/04/2014 6:23:57 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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