U.S. Adds Just 162,000 Jobs in July, Rate Falls To 7.4%

Fox Business ^ | Aug. 2, 2013 | Dunstan Prial

[Mad Dawgg]

The U.S. economy added just 162,000 jobs in July, well below expectations and not nearly enough to alter the Federal Reserve’s plan to maintain its easy money policies for the foreseeable future.

The headline unemployment rate fell slightly to 7.4%, according to figures released Friday by the Labor Department, down from 7.6% in June. Economist had predicted an increase of 180,000 jobs and a 7.5% unemployment rate.

[Mad Dawgg]

Obamanomics: "less people working means less people applying for Unemployment means Unemployment numbers fall means economy is doing great...!"

War is Peace...!

Last months chocolate ration of 4 grams will be raised to 3 grams this month...!

doubleplusgood...!

[GeronL]

how does the rate fall?

people giving up looking for work even when their benefits expire?

We all know the numbers are fudged. They are fudged and they are still really bad.

[Truth29]

The talking heads at CNBC said the labor force participation rate dropped. That is a much better measure than the manipulated unemployment rate.

[CMailBag]

More phony numbers....Does ANYONE believe ANYTHING these A-Holes say???

[Mad Dawgg]

IIRC we need about 200K jobs per month just to keep up with new people entering the job market. However new people who can’t get a job don’t show up on the unemployment roles so its all good for Obamanomics...!

[autumnraine]

I will post this every time.

You only have to work ONE HOUR, EVEN BABYSITTING , DURING THE REFERENCE WEEK TO BE CONSIDERED EMPLOYED.

[Last Dakotan]

The problem belongs to both parties.

What geniuses sent millions of manufacturing jobs to Asia without any replacement opportunities?

[Doctor 2Brains]

The sub-human filth known as the American voter is pretty much on board all the time for any reason whatsoever and will only vote for more.

[junta]

I’m linking to a Kos Kids thread, not because I hate the people here, but everyone needs a good laugh. The first two posts are by a couple of drones who have not been informed of the party line for the day, Kostards to the core. Also the racialists of the Left included a race employment chart at the bottom of the article.

http://www.dailykos.com/story/2013/08/02/1227060/-Report-for-July-weaker-than-expected-with-162-000-jobs-added-Jobless-rate-falls-to-7-4-U6-at-14#comments

[moovova]

Mortgage rates have bumped up plus schools are starting means home sales will drop.

[TomGuy]

Per Stuart Varney on FoxNews,

job creation is anemic

nearly 1/4 million drop out of workforce, many due to retirement, many due to no jobs available, thus being the cause for the reduction in the unemployment rate

many went from full-time to part-time, possibly due to impending Obamacare implementation

[The Sons of Liberty]

U.S. Adds Just 162,000 Jobs in July, Rate Falls To 7.4%

The regime mouthpieces and the state run media outlets will continually trumpet the 7.4% figure this weekend, while ignoring these facts:

1. 63.4% labor participation rate - only 63.4% of the workforce is actually "working";

2. a record number of part time jobs being included in the stats - thanks to 0bamasare;

3. Nearly a quarter million dropped out of the workforce during this period and are no longer counted, bringing the total who have given up looking for work to a new record;

The low information voters, 0bama's core constituents, cannot and WILL NOT, understand these facts and their ramifications.

Despite 0bama's seeming incompetence, he is right on track for the destruction of America!

[fwdude]

The Ministry of Truth has spoken, so it must be so.

[Cringing Negativism Network]

BUMP to your post.

Bring back American jobs, to America.

[kingu]

How does it fall? You lop off five plus days of unemployment numbers from California who wasn't accepting any new jobless claims from July 26th - July 30th, and then have phone issues on July 31st which knocked out the automated unemployment claims phone system.

And next week, there will be unexpected growth in new unemployment claims. But the headline rate won't have to be adjusted until the end of August, with the hope that holiday hires start by then, giving the expected 7.5% unemployment rate.

[servantboy777]

A gubbamint of the people.......yea right.

We can't believe a damn thing our government tells us. Constant distortions, outright lies, propaganda, legal double speak.

These people are out of control.

[txrefugee]

Every “economist” who meekly accepts this obvious fraud every month should be publicly ridiculed. The “great” June numbers were revised downward, as usual. These Labor Dept. statistics are just about as real as those put out by the other Communist countries.

[junta]

In years past we had morons talking about “Obama’s stash” this year the joke is on us with Obama’s jobs.

[concerned about politics]

Of the 162,000 jobs, 132,000 were estimated into existence by the CES Birth Death Model.
The underlying labor force was decreased by 37-thousand.
The labor participation rate is down another 1/10th to 63.4%.

The administration is passing around "Phony" numbers.

[COBOL2Java]

That one in the red sweater is a counter-revolutionary! She should be eating at the table behind her! There's only three there and plenty of room! She will be severely disciplined!