Posted on 07/08/2011 5:49:32 AM PDT by tobyhill
New unemployment claims are about 1.7 million for the same time period.
1.7 million vs 18,000 new jobs.
It is still a long way to the ‘break even’ point.
We need another stimulus to create some more $278k shovel-ready jobs. [/s]
I think the actual meaning of the statement was.... "folks, there was almost no hiring."
They are “stunned”. already wanting QE3. The greatest depression is upon the doorstep. This economy is dead as a doornail and nothing can save it except the decimation of the Federal Regulatory system and the tax code.
correction factor +93K = -75K jobs “created”.
Who’d a thunk that regulating everything under the sun, paying people not to work or pay their debts would crash the economy.
Birth/death adjustment was +131,000 according to a tweet by zerohedge
Yeah, check out Yahoo Finance. Headline is right, article is completely wrong. Intentional? You be the judge.
It was just reported on CNBC that they also quietly revised the number of jobs created downward from April and May by 44,000. Assuming they fudged this months number by a similar amount, we are into negative job growth.
How's that Hope and Change working out for you America?
A lot of people thought that the estimates would be on the low side. Since the jobs report just came out 15 minutes ago, Yahoo probably changed the headline but hasn’t had time to revise the article. Not everything is a conspiracy.
In fairness that article was written 37 minutes ago before the numbers came out. They are scrambling to re-write this disastrous report.
Obama will blame it on Zanny the Nanny.
My theory is businesses and corporations are holding off hiring, pending the outcome of elections next year. Obamacare is going to cause workforce costs to go up...couple that with the taxes 0bama wants to slap the “wealthy” with...
I think they’re going to just wait this storm through and see what shakes out electorally next year.
I propose that on January 21, 2013, the word “unexpected” be officially eradicated from the English language.
OK, so created 18,000 then backing out the birth/death ratio of 131,000 = a net loss of 113,000.
Yeah I just saw that May was revised from +54,000 to +25,000. That’s a change of 54% correction...
If 18K is what Obama’s bureaucrats announce, you know it actually came in at a loss. They probably drowned it in seasonally-adjusted, other-assumption sauce.
I'm just waiting for the media spin on this.
That is a big downward reduction.
Now the Japanese earthquake is being blamed. I would like for once to read a truthful article blaming this administrations policies for the rotten economy.
When is the report on how many ATM’s were installed in June going to come out? That’s obviously the problem here...
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