Skip to comments.Economy Creates 163,000 New Jobs but Rate Rises to 8.3%
Posted on 08/03/2012 5:36:33 AM PDT by Perdogg
The U.S. economy closed out an otherwise weak second quarter by creating more jobs than expected, with 163,000 new positions added, but the unemployment rate fell to 8.3 percent. June saw 80,000 new jobs.
(Excerpt) Read more at cnbc.com ...
U6 increased again to 15%
I wonder how many of those are seasonal..
The BLS is probably fudging those numbers as well. I do not understand how teachers returning from summer can be counted as “found employment”.
The economy does not create jobs. Hard working industrious people who risk their own capital in order to better their own lives create jobs.
To say that the economy created these jobs is the same as Obama telling people they didn’t build their own businesses, that other people did it for them.
And part-time, temp, etc.
CNBC said more than 27,000 of the jobs were added to tge tourism sector (hotels, etc), so almost 20%...they also said a lot of this months number had to do with seasonal auto workers returning as well...
btw- Junes pathetic jobs numbers were revised downward 6000...
Seasonal adjustments for July are usually 1 million upwards.
Good news politically. Getting the unemployment rate moving in the WRONG direction is better politically than a smaller number of jobs created.
This is good for Romney, bad for Obama.
And the new jobs number will be revised downward in coming weeks.
-——the unemployment rate fell to 8.3 percent.———
I thought it was 8.2% before. I must have missed the unheralded re adjustment to 8.4%
Not good numbers. August, September & October will show lower numbers. Gas prices are rising rapidly. It takes a month or two to reflect the downward trend in the job numbers. Obama continues to destroy the USA economy which is just what he wants to do!!!
Are there no editors or even proofreaders left in the mainstream media? Some of us would agree with the headline that when the unemployment rate goes from 8.2% to 8.3%, that should be referred to as rising and not falling. This journalistic error is unexpected, just like the bad economic news.
Ministry of Truth must have gotten to this one before it was published.
Economy Creates 163,000 New Jobs but Rate Rises to 8.3%
but the unemployment rate fell to 8.3 percent.
Not to be picky, And I know you didn’t write this stuff. Which is it? Did it Rise or Fall?
I really detest poorly written material from these so-called Professionals.
Unemployment rate rises....stock market reacts positiveley
NB: CNBC corrected the mistake in the first sentence from fell to rose
June new Jobs was revised down from 80,000 to 64,000.
The 163,000 new jobs were all Obama campaign workers.
The “unemployment rate fell to 8.3%”?
Wrong, propagandists, it rose to 8.3%.
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