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Thread: More Bad News; Unemployment Drops to 7.4%

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    Quote Originally Posted by Mainecoons View Post




    [/I]http://www.zerohedge.com/news/2013-0...-are-part-time

    Barack Obama: The McJobs president!
    What wrong, are you saying the Tax Breaks didn't work and your Job Creators kept the money for themselves?

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    Lowest jobless claims since Jan 2008 goes completely unreported on FOX News.

    Fox News let the fact that weekly jobless claims fell to the lowest level since January 2008 go completely unreported.

    On August 1, the Department of Labor released its weekly jobless claims report, which showed the number of initial claims for unemployment benefits fell by 19,000 to 326,000. The number came in lower than economists' expectations, and was the lowest level of initial claims in five and a half years.

    Virtually every news report noted in the headline that the number reached a landmark low. While reports were tempered with the caveat that summer claims tend to be volatile, the four-week moving average -- a much more stable measure -- also fell to 341,250, a level consistent with those seen in early 2008.

    Fox didn't seem to think the news warranted any attention. When the initial claims report was released, Fox & Friends devoted only 16 seconds to the numbers. While co-host Alisyn Camerota noted that the number came in below expectations, she failed to mention the landmark news behind the report:

    http://mediamatters.org/blog/2013/08...-unempl/195174


    That's how you know for sure the News is Good.

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    How Obama/Bernake cut the unemployment rate:




    Why more "education" is a sham solution:



    Lots of similar good stuff here:

    Mauldin on unemployment figures.

    The jobless nature of the recovery is particularly unsettling. In June, the government's Household Survey reported that since the start of the year, the number of people with jobs increased by 753,000 - but there are jobs and then there are "jobs." No fewer than 557,000 of these positions were only part-time. The June survey reported that in June full-time jobs declined by 240,000, while part-time jobs soared 360,000 and have now reached an all-time high of 28,059,000 - three million more part-time positions than when the recession began at the end of 2007.

    That's just for starters. The survey includes part-time workers who want full-time work but can't get it, as well as those who want to work but have stopped looking. That puts the real unemployment rate for June at 14.3%, up from 13.8% in May.

    In spite of job gains in the first half of 2013, the downward pressure on the standard of living actually intensified. Approximately three quarters of the increases in jobs were in four of the lowest paying industries - retail trade; the temporary help services component of professional and business services; hospitality and leisure; and the nursing and residential care facilities component of the medical category. Part time jobs averaged increases of 93,000 per month in the first half of 2013, while full time jobs averaged increases of only 22,000 per month. Full time employment as a percentage of the adult population is currently 47%, which is near the lows of the last three decades.


    http://www.mauldineconomics.com/ttmygh/the-candyman
    “Any man who thinks he can be happy and prosperous by letting the government take care of him had better take a closer look at the American Indian.”. Henry Ford

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    Quote Originally Posted by Cigar View Post
    Lowest jobless claims since Jan 2008 goes completely unreported on FOX News.


    Fox News let the fact that weekly jobless claims fell to the lowest level since January 2008 go completely unreported.

    On August 1, the Department of Labor released its weekly jobless claims report, which showed the number of initial claims for unemployment benefits fell by 19,000 to 326,000. The number came in lower than economists' expectations, and was the lowest level of initial claims in five and a half years.

    Virtually every news report noted in the headline that the number reached a landmark low. While reports were tempered with the caveat that summer claims tend to be volatile, the four-week moving average -- a much more stable measure -- also fell to 341,250, a level consistent with those seen in early 2008.

    Fox didn't seem to think the news warranted any attention. When the initial claims report was released, Fox & Friends devoted only 16 seconds to the numbers. While co-host Alisyn Camerota noted that the number came in below expectations, she failed to mention the landmark news behind the report:

    http://mediamatters.org/blog/2013/08...-unempl/195174


    That's how you know for sure the News is Good.
    http://www.foxnews.com/politics/2013...5-12-year-low/

    Oops. What a $#@!ing tool. They have a black wind up doll now too!
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


    ~Alain de Benoist


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    Oh, wait. They just mean it wasn't on Fox and Friends.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


    ~Alain de Benoist


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    Quote Originally Posted by Cigar View Post
    Lowest jobless claims since Jan 2008 goes completely unreported on FOX News.


    Fox News let the fact that weekly jobless claims fell to the lowest level since January 2008 go completely unreported.

    On August 1, the Department of Labor released its weekly jobless claims report, which showed the number of initial claims for unemployment benefits fell by 19,000 to 326,000. The number came in lower than economists' expectations, and was the lowest level of initial claims in five and a half years.

    Virtually every news report noted in the headline that the number reached a landmark low. While reports were tempered with the caveat that summer claims tend to be volatile, the four-week moving average -- a much more stable measure -- also fell to 341,250, a level consistent with those seen in early 2008.

    Fox didn't seem to think the news warranted any attention. When the initial claims report was released, Fox & Friends devoted only 16 seconds to the numbers. While co-host Alisyn Camerota noted that the number came in below expectations, she failed to mention the landmark news behind the report:

    http://mediamatters.org/blog/2013/08...-unempl/195174


    That's how you know for sure the News is Good.





    http://video.foxbusiness.com/v/25811...tcmp=obnetwork

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    So, the liberals cheer 162,000, half in retail trade and food services....and the Stock market gains once defined as the rich getting richer? Obama speaking out against income inequality, some observers here cheering that very outcome.

    Odd

  8. The Following User Says Thank You to Ransom For This Useful Post:

    Mainecoons (08-02-2013)

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    Quote Originally Posted by Cigar View Post

    I think we need another Tax Break for the Rich Job Creators
    I think that we need a new tax code and that code should be a maximum of 50 pages

    And yes is should lower the tax rates for everyone but those that are not paying anything. which is wrong. charge the a dollar a month, but all should pay something

    The get ride of the burden of Obamacare and start over with all of the reforms that everyone agrees on and then NO cost market based solutions

    then each and every regulation should be voted on by congress and checked to make sure that it is needed.

    And last the need to get the deficit back to the Bush pre Democratic congress levels of less than 250 billion per year.

    If you do these things you will see the same explosion in jobs that started with Reagan and went through the first 6 years of GWB

    So YES we should, because it has worked each and every time that is has been tried.

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    We post the hard, verified (most of it government data) showing that almost all these McJobs are low paying part time gigs and Cigar whines about Fox News.

    Yeah, that figures. Fight facts with irrelevant BS whining. The Cigar way.

    Give us a few cartoons now, OK genius?
    “Any man who thinks he can be happy and prosperous by letting the government take care of him had better take a closer look at the American Indian.”. Henry Ford

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    Quote Originally Posted by Cigar View Post
    America's unemployment rate sank to 7.4 percent in July, in its monthly summary of the U.S. economic situation. But employers added 162,000 jobs in the month, coming in under economists' expectations.


    "Total nonfarm payroll employment increased by 162,000 in July, with gains in retail trade, food services and drinking places, financial activities, and wholesale trade," the agency says. "Over the prior 12 months, nonfarm employment growth averaged 189,000 per month."


    Before today's announcement, economists were "expecting about 185,000 new jobs were added to payrolls in July," NPR's John Ydstie told Morning Edition's Renee Montagne today, saying that the number would roughly match recent average monthly increases.


    "The surveys also show many economists think the unemployment rate will tick down a tenth of a percent, to 7.5 percent," John says. Today's numbers outpaced that projection.


    Last month, the Bureau of Labor Statistics reported that employers to public and private payrolls in June, but the unemployment rate did not budge, staying at 7.6 percent.


    The new figures come days after the payroll firm ADP said that U.S. companies from June to July — a gain that showed businesses "hired in July at the fastest pace since December," The Associated Press said.


    The U.S. economy has been a source of good news this week, as the latest gross domestic product data showed that the economy grew at an annualized rate of 1.7 percent in the second quarter in 2013, beating analysts' expectations.


    The Standard & Poor's 500 index of large U.S. companies closed at a new high Thursday, after for the first time in its history.


    Employment data does not always fit together perfectly. As Mark Memmott wrote in The Two-Way last month:
    "One part of the explanation is that the numbers are based on different surveys. Employers are quizzed about how many jobs they have — that produces the payroll employment data. Households are questioned about who's working and who's not — that produces the jobless rate. Two surveys can mean two different views of what's happening."

    http://www.npr.org/blogs/thetwo-way/...ly-jobs-report

    Please Take Only One (1)
    That's real comical!

    Recovery woes: America's second-largest employer is a temp agency

    By ASHE SCHOW | JULY 8, 2013 AT 11:55 AM

    Behind Wal-Mart, the second-largest employer in America is *Kelly Services, a temporary work provider.
    Friday's disappointing jobs report showed that part-time jobs are at an all-time high, with 28 million Americans now working part-time. The report also showed another disturbing fact: There are now a record number of Americans with temporary jobs.


    Approximately 2.7 million, in fact. And the trend has been growing.

    In the first quarter of 2013, U.S. staffing companies employed an average of 2.86 million temporary and contract workers, or 2 percent of all non-farm employment in the United States, according to the American Staffing Association. This represents a 2.9 percent growth from the same period in 2012. For just the month of June, there was a 6.7 percent growth in the number of staffing jobs than last year.

    http://washingtonexaminer.com/recove...rticle/2532778
    Yea, more part time and temporary jobs are always good news.
    We must have the clarity of vision to see the difference between what is essential and what is merely desirable, and then the courage to bring our government back under control and make it acceptable to the people. - Ronald Reagan, 1980 Nomination Acceptance Speech

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