[Cringing Negativism Network]

OK today has been a complete blizzard of warm and interesting economic data.

I'm not convinced, but I have been limited to thinking this is a one-month wash.

I am wondering however, about the paragraph above and where it originally appears: the bls website:

What is it, about the large increase in "involuntary part-time workers"?

[Gaffer]

Exactly how do these numbers logically comport with a published decline in GDP of nearly 3% this second quarter coupled with a downwardly revised NEGATIVE 1st quarter.

Frankly, if it is any portion of the US Government is giving you data, the only thing of which you can be assured is that it has been manipulated with “special sauce”.

[null and void]

[Joe Boucher]

Does anyone believe anything that comes out of this (obammy’s) federal gub mint?
liar is too kind for him and it.

[shove_it]

The market is buying this happy horsesh!t, the TLT and the VIX keep heading south.

[skeeter]

When aren’t numbers from the BLS BS?

[kabar]

Interesting that the U-6 rate not seasonally adjusted increased to 12.4 from 11.7 in May.

U-6-- Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

[napscoordinator]

Best news is probably that the Dow went over 17,000 for the first time in history.....It needs a correction badly, but when that happens, I will just continue to buy. I do monthly now anyway, but I will never understand those that sell immediately after a drop.

[Starboard]

Per ZeroHedge: June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

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

[tbpiper]

Nothing comes out of this administration without being airbrushed first.

[nhwingut]

So 275 of the 288 jobs were part time? Wow!

[nhwingut]

June hiring = Teenager ice cream scooper hiring. 275k of 288k were part time jobs.

Would you like jimmies or nuts?

[hsrazorback1]

You can’t say w****-wash. That’s discrimination.

[fella]

The self-employed who go out of business aren’t counted as unemployed and don’t get benefits.