US economy creates 18,000 jobs in June, much lower than expected (ticker only)

MSNBC ^ | 7/8/2011 | msnbc

[Alberta's Child]

These numbers have never been anything more than statistical nonsense anyway -- at least in terms of how they are played out in the media.

As an astute pundit pointed out a few months ago, illusory unemployment and inflation figures don't mean anything to people who are unemployed and who are paying higher prices for everything they buy. These figures won't fool those people, either.

[andy58-in-nh]

That chart ought to scare the living crap out of everyone who understands what it means. Only 64% of our laborers are working, and only 58% of our population have jobs. Of those, they are an aging group whose inflation-adjusted income hasn’t budged in 20 years.

[John W]

They would have but aren’t there stories they are about to go under in Obama’s Economy?

[Mr. K]

I think they are working on making that a negative number

its their only hope

[SnuffaBolshevik]

"Couldn’t they get Wendy’s to comply this month?"

Negative.

Wendys in trouble?

[RJS1950]

You can’t count the kid and his lemonade stand. The democrat goons wherever he’s at will shut him down, fine him and possibly give him jail time for operating an unapproved, untaxed, uninspected food service business.

FUBO & FAD

[jennings2004]

Didn’t someone say: “Do more of what failed and expect a different result?”

Maybe there’s other countries we can “run” guns to this time...what an utter mess!

[John W]

President Obama will discuss the latest spike in the unemployment rate at 10:35 a.m., according to a change in the White House schedule.

http://tucsoncitizen.com/usa-today-news/2011/07/08/obama-looks-at-9-2-unemployment-speaks-at-1035-a-m/

[jennings2004]

Sorry, my high school Government classes (admittedly, many years ago!:)) were a lot more informed than the bunch of jackals who claim to be in charge now....can’t get rid of them too soon!

[bbernard]

“I think this changes the dynamic of the debt ceiling debate,” Zandi told CNBC. “This kind of jobs number changes the dynamic of the discussion on fiscal policy. There will probably be an introduction of more [economic] stimulus.”

Boy that Mark Zandi is a Rocket Scientist. “more (economic) stimulus” is neede because the last one was so successful. Right?

I am so sick of these “enlightened” educated class of IDIOTS.

[kabar]

Despite the economic downturn, the U.S. continues to bring in 125,000 new, legal foreign workers a month. This includes new permanent residents (Green Cards) and long-term temporary visas and others who are authorized to take a job. This makes no sense.

[Arrowhead1952]

Hey all you racist black and white guilt voters, you brought this upon yourselves by voting for an idiot who never had a real job and voted present for years as an Illinois state senator and campaigned for TOTUS after he got to the US senate.

I hope you lose everything you have by the time you decide to vote for someone else the next election and make sure you aren't stupid enough to give this re-distributor of wealth another four years to eff up this country any more than he has the past 2 1/2 years.

You have every reason to be ashamed of yourself and your fellow dumbocrap voters and need to get your head out of that dark stinky orifice that is normally used to expel waste.

[ConservativeDude]

Note to all experts: next month will suck, too.

You are on notice. Please don’t be surprised, again. (This “unexpected” business is getting just a tad bit old).

[Kratos]

Ok.. Ok.. I give! Here I am reading along, and I come across your comment, and after reading it twice, think “Man, that was so good, I have to at least tell the guy that I liked it” So, Arrowhead1952, here’s to you on this fine Friday! What a masterpiece of summation art! Hey, I just invented a degree program.. a Masters in Summation Analysis.. you sir, are my first honorary degree holder!

[Alberta's Child]

It makes all the sense in the world, actually.

Employers are hiring foreign workers under those visa programs not only because they are cheaper, but because they don't have to worry about all of the cost uncertainties associated with hiring "regular" workers. ObamaCare mandates, unemployment insurance requirements, etc. don't mean anything when dealing with foreign workers.

[kabar]

Employers are hiring foreign workers under those visa programs not only because they are cheaper, but because they don't have to worry about all of the cost uncertainties associated with hiring "regular" workers. ObamaCare mandates, unemployment insurance requirements, etc. don't mean anything when dealing with foreign workers.

Many of those foreign workers are legal immigrants. We bring in 1.2 million legal immigrants a year, about 400,000 of whom receive work permits. They are treated essentially like US citizens in terms of unemploynent, insurance requirements, etc. The get SSN's and after five years can qualify for welfare benefits like food stamps and Medicaid.

125,000 brand new foreign workers with work permits each month -- HERE'S THE PROOF

These figures don't include the 500,000 to 1 million illegals who enter annually. They are the ones employers like because they have to comply with federal rules on employment.

[Arrowhead1952]

Thanks for the compliment. If I really typed what I think about (.), I would get a timeout.

[Vaduz]

The Obama debacle is now at full speed.Hope we can last until 2012.

[cranked]

Let me hazard a guess here: “unexpected”? =.=

[KC_Conspirator]

Hopey Changey.