Posted on 07/03/2014 6:57:14 AM PDT by kristinn
Hiring over the past five months has been the strongest since the late 1990s tech boom as the economy added 288,000 jobs in June and the unemployment rate fell to 6.1 percent from 6.3 percent.
The Labor Department says those gains follow additions of 217,000 jobs in May and 304,000 in April, figures that were both revised upward.
(Excerpt) Read more at nola.com ...
"The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 275,000 in June to 7.5 million. The number of involuntary part-time workers is down over the year but has shown no clear trend in recent months. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)"
No, I don't think so. I think Denninger is using that number to show what a joke the "288,000" number is.
The Palace Guard media would like us all to Ooooh and Aaaaah over the Sunni Punk's New Clothes.
I smell a pants fire.
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.
Lies, Damned Lies and Statistics.......................
You said all that when DJIA was 14,000 and S&P was 1500... Pretty sure your analysis of the economy is fairly lacking, unimaginative and just boring. Feel free to contact me when you have something valuable and substantive to add.
I don’t understand comrades, we’ve always been at war with Eastasia.
“. Feel free to contact me when you have something valuable and substantive to add.”
What makes you think you communist views are that important to anyone?
I noticed you quote stock market prices. Your ignorance of such numbers in history are no surprise, but let’s remind everyone else that during the great depression those numbers were high as well.
P.S. Got anything to say about my actual comments that the numbers you continue to quote are nothing but telephone poll numbers subject to manipulation, or, as a typical liberal, you only want to deflect the conversation to some non sequitur such as stock market prices?
Massage city.
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.
Apparently, you weren’t listening to the economist on the news yesterday who trumpeted the news that we are nearing FULL EMPLOYMENT!! Party on! Bob
Happy days are here again!
Thank you Barack Obama (peas be upon you)!
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.
” I hope Americans are going to learn to love their new third world wages”, George Soros circa 2009
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.
” I hope Americans are going to learn to love their new third world wages”, George Soros circa 2009
This entire thing is about to come crashing down
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?
I wonder if those 26,000 federal newbies were brown shirt bus drivers used to haul wetbacks across the southern border. They’re under staffed down there doncha know?
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