Skip to comments.June Payrolls +195K Much Higher Than Expected (7.6%); Underemployment Rate Soars To 14.3%
Posted on 07/05/2013 5:36:41 AM PDT by Perdogg
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LOL! Just saw the Miami media try and spin this in Obama’s favor!
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Overall a positive report. U6 increasing is commensurate with the uptick in labor force participation rate. I will post some charts when FRED updates the data :-)
Yes, and I should mention the +70,000 net revisions to April and May— James Pethokoukis (@JimPethokoukis) July 5, 2013
I wonder how much of these jobs are part of the hospitality industry???
Leisure and hospital ity added 75,000 jobs in June
Only under Obama is 7.6% considered good.
Employment in most other major industries, including mining and logging, construction, manufacturing, and transportation and warehousing, showed little change in June.*********
That’s the problem with this report. Disposable incomes based on the first quarters numbers and since are falling at about 9% per year. That’s horrendous.
The average workweek is contracting and and there are no jobs in heavy industry which are the jobs that pay. Welcome to the fast food recovery.
@JimPethokoukis - But using Goldman Sachs estimates that subtract demographics, 9.1% rate is more in the ballpark
Try this link for BLS:
Well I’m in IT and there are jobs in the IT field..
Many of the new jobs were part time. The number of Americans who said they were working part-time but would prefer full-time work jumped 322,000 to 8.2 million. That's the most in eight months.
And you wonder why Obama just threw Obamacare under the bus?
Isn’t 200,000 considered the break-even point?
Do you live in India?.............
Nope.. I live in Illinois.. It depends on the skills that you have.. I seem to have the right skills.
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