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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

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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To: SeekAndFind
I subscribe to two non-statist, anti-government financial newsletters, both of which use John Williams Shadow Stats for economic indicators such as rate of inflation, unemployment, payroll, etc.

I've done very well, BTW, by following the advice based on Shadow Stats figures over government figures:

Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.

The first regular reporting of now-popular statistics such as gross national/domestic product (GNP/GDP), unemployment and the consumer price index (CPI) began in the decade following World War II. Modern political manipulation of the government's economic data began as soon as practicable thereafter, with revisions to methodology often incorporating positive reporting biases. As a result, investors and most economists, relying on the government's data, often miss underlying economic reality.

June 2014 report: July 3rd, 2014

• Payroll Gains Were Bloated by Seasonal-Factor Shenanigans; Unemployment Numbers Remained Inconsistent, Not Comparable Month-to-Month

• June Unemployment: 6.1% (U.3), 12.1% (U.6), 23.1% (ShadowStats)

• Economy Remains in Serious Trouble

• Trade Deficit Should Hammer Second-Quarter 2014 GDP, Subtracting In Excess of 1.0% from Initial Headline Growth Estimate

• Revisions to Real Construction Spending Showed Further Downside to First-Quarter GDP; May Detail Suggested a Negative Contribution to Second-Quarter GDP Growth

IWO, the government as a long history of lying to us about everything, especially economic data. I don't believe a word they tell us when it comes to the economy.

Unfortunately, a lot of Shadow Stats is behind a subscription wall, but the financial guys I listen to can access that information and use it for their forecasts and other financial advice.

http://www.shadowstats.com/article/no-638-june-labor-data-may-trade-deficit-construction-and-median-household-income

Hope that helps.

21 posted on 07/04/2014 6:24:36 AM PDT by Bon of Babble (Given enough coffee...I could rule the world!!)
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To: SeekAndFind

None of your own ever though, that seems odd.


22 posted on 07/04/2014 6:26:25 AM PDT by traderrob6
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To: Ouderkirk

I heard someone from Veteran services on the radio the other day - he said the jobs being offered to returning vets were part-time and paid $10 or less an hour.

But the government says “there are plenty of jobs out there” - sure, but not jobs one can support a family, or even oneself on.


23 posted on 07/04/2014 6:26:48 AM PDT by Bon of Babble (Given enough coffee...I could rule the world!!)
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To: SeekAndFind

All they did was hire illegals...part time. Big deal.


24 posted on 07/04/2014 6:27:02 AM PDT by icwhatudo (Low taxes and less spending in Sodom and Gomorrah is not my idea of a conservative victory)
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To: Bon of Babble

I remember when Bush was attacked for this same thing, low wage jobs. What hypocrisy coming from the left.


25 posted on 07/04/2014 6:30:06 AM PDT by gattaca (The heart of the wise inclines to the right, but the heart of the fool to the left. Ecclesiastes10:2)
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To: SeekAndFind

I heard a reporter on the radio that was practically gushing over the better than expected employment sats from the ministry of propaganda. It seems like “things are not as bad as they used to be” is now a cause for wild celebration!


26 posted on 07/04/2014 6:32:33 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: SeekAndFind
RE: the unemployment rates dropping (the real rate dropped from 12.2 to 12.1)

but unclear if [it’s a matter of] finding employment or just dropping out of the labor market.

Two things

  1. this was buried deep in the article well pass the attention span of Obama voters and
  2. the impact of the alternate media is being felt by the MSM employees.
The MSM employees would never have included the "rest of the story" but they are nowadays being forced into reporting the news not fashioning the "news" like in the days before the Internet and before conservative opinion could be expressed freely on radio without fear of losing broadcast licenses.

IMO it's OK for them to publish their opinions as news if the bastards would just admit their bias -- like in the old days of multiple newspapers in each city before TV.

27 posted on 07/04/2014 6:41:22 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: KarlInOhio

For me the best indicator of the state of the economy would be per capita income tax receipts. That would be normalized for both population growth and under-employment.


28 posted on 07/04/2014 6:42:05 AM PDT by The Duke ("Forgiveness is between them and God, it's my job to arrange the meeting.")
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To: SeekAndFind

Recovery Summer will be in 2017 when the Commie pink fag is removed from the WH.


29 posted on 07/04/2014 6:46:51 AM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: VRWC For Truth

Not if sHrillary or Fauxcahontas take his place it won’t.


30 posted on 07/04/2014 6:49:46 AM PDT by SeekAndFind
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To: Cringing Negativism Network

RE: Bring back American manufacturing.

Now.

________________

I was wondering where you went... it took 20 posts to find you :)


31 posted on 07/04/2014 6:55:44 AM PDT by SeekAndFind
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To: Bon of Babble

Nope, this time it was the massive switch to part time jobs. Actually, there was a decrease in full time employment. The Participation rate stayed the same.


32 posted on 07/04/2014 7:01:31 AM PDT by CPT Clay (Follow me on Twitter @Clay N TX)
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To: lostboy61
Great job numbers y'all!

Did folks forget about the crappy durable goods orders, the near -3% CONTRACTION in the quarterly GDP numbers leading into the slowest qtr of the year...the summer?

Fact is, the gubbamint is massaging the numbers to pretty up data leading into the fall elections.

It is terrible that we cannot believe a damn word our own gubbamint publishes.

33 posted on 07/04/2014 7:05:38 AM PDT by servantboy777
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To: SeekAndFind

It’s pretty sad when advocating for American jobs, is a minority position.

Just saying.


34 posted on 07/04/2014 7:06:25 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network

RE: It’s pretty sad when advocating for American jobs, is a minority position.

Your position is SUPPORTED by everyone, it’s how you go about doing it that people question.


35 posted on 07/04/2014 7:10:31 AM PDT by SeekAndFind
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To: SeekAndFind

Must be since none of their friends are hurting.


36 posted on 07/04/2014 7:19:01 AM PDT by CincyRichieRich (Refuse to remain silent.)
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To: SeekAndFind

The left’s headlines are now just delusional. Other worldly

Cuokoo


37 posted on 07/04/2014 7:53:22 AM PDT by stanne
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To: SeekAndFind

I couldn’t get to the article without an account, so I have a question. Did the article mention that 799,000 of those 288,000 jobs were part time? Or that 523,000 full time jobs (most with bennies) were lost?


38 posted on 07/04/2014 8:05:21 AM PDT by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: SeekAndFind

Well actually I get a pretty good amount of support in emails.

All I am saying is, we gave away American manufacturing. I actually understand why it happened, but things are much much different now.

We run a MASSIVE trade deficit now.

That is not at all good, for the future. We need to get back to supporting America.


39 posted on 07/04/2014 8:11:29 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: SeekAndFind
...the unemployment rate fell to 6.1 percent.

I suppose at this point any mention of the true unemployment rate of over 15% and the convoluted lying that calls it six per cent would just be piling on.

40 posted on 07/04/2014 10:52:24 AM PDT by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
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