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U.S. job growth cools, unemployment rate rises to 6.2 percent
Reuters ^ | 08/01/2014 | LUCIA MUTIKANI

Posted on 08/01/2014 5:51:09 AM PDT by SeekAndFind

U.S. job growth slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.

Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said on Friday.

Data for May and June were revised to show a total of 15,000 more jobs created than previously reported, showing underlying momentum.

(Excerpt) Read more at reuters.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; Government
KEYWORDS: jobs; unemployment
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1 posted on 08/01/2014 5:51:09 AM PDT by SeekAndFind
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To: SeekAndFind

Hmmmm. Jobless “claims” vs jobless. Me thinks they are not the same thing but never fear, the ldp (lap dog press) will still tout the lyin’ king lowering the unemployment rate.


2 posted on 08/01/2014 5:58:26 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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To: SeekAndFind

This is more proof that the second quarter economic growth numbers of yesterday were fudged by moving data from an already bad first quarter into the second quarter so that yesterdays numbers could look better than expected.


3 posted on 08/01/2014 5:59:05 AM PDT by norwaypinesavage (The Stone Age didn’t end because we ran out of stones)
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To: rktman

GDP has a new meaning...

GDP = Guard Dog Press


4 posted on 08/01/2014 5:59:35 AM PDT by newfreep ("Evil succeeds when good men do nothing" - Edttmund Burke)
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To: SeekAndFind

6.2% is only 1.2% above what most economists consider “full employment”, where most of the job changes occur with people who already have jobs.

Yeah, there’s only 1.2% out there that need a job and can’t find one... raaaaaaahhhhht.


5 posted on 08/01/2014 6:00:56 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SeekAndFind

Recovery Summer 5.0


6 posted on 08/01/2014 6:04:34 AM PDT by Starboard
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To: SeekAndFind

So the improvement two week ago, wasn’t really there.

OK. Thought so.


7 posted on 08/01/2014 6:04:57 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: SeekAndFind
Good news for the stock market -watch it recover from yesterday's big losses. Bad jobs numbers will force Yellen to prolong QE.

The government drones must have been busy last night changing the report from good to bad.

8 posted on 08/01/2014 6:05:46 AM PDT by old and tired
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To: MrB

Fox reporting the U6 rate is 12.2%.

I wonder what King Obozamma will blame this latest rate (lie) on? Too Hot? Too Cold? Too much CO2?

Never believe anything these a—holes say...


9 posted on 08/01/2014 6:06:48 AM PDT by GRRRRR (He'll NEVER be my President, FUBO! Treason is the Reason! Impeach the Kenyan)
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To: SeekAndFind
Uhh Ohh! The person who's job it is to “massage” the employment data to look favorable for Obama and the democrats before the election must have been on vacation this month. I guarantee he's in for a** chewing when he get back!
10 posted on 08/01/2014 6:07:32 AM PDT by apillar
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To: SeekAndFind

How to create millions of jobs:

Force businesses to cut everyone to part time to avoid Obama DeathCare, hire extra part timers to get the work done.

BINGO!

Millions of “new jobs”.


11 posted on 08/01/2014 6:08:21 AM PDT by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month.)
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To: SeekAndFind
6.2%

Meaningless number is meaningless.

12 posted on 08/01/2014 6:08:33 AM PDT by Dr.Deth
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To: SeekAndFind

I’m so glad we farm! By the time 0bama is done with us, we’re gonna be Zillionaires! *SPIT*

Looks like someone forgot to effectively fake the numbers this quarter. *Rolleyes*


13 posted on 08/01/2014 6:09:56 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: SeekAndFind
...give the Federal Reserve room to keep interest rates low for a while.

I think this is the key. The Democrats need an excuse to prop up the stock markets until after the fall election.

Higher unemployment allows the Democrats to continue the existing Fed policies which are designed to keep the stock markets afloat so they can pretend the economy is rosy.

14 posted on 08/01/2014 6:15:52 AM PDT by Senator_Blutarski
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To: SeekAndFind

So if it drops, it’s UNEXPECTED.

If it rises, it’s UNEXPECTED.

AHHHHHHHH!

These hateful, lying, traitors destroying our country.


15 posted on 08/01/2014 6:17:22 AM PDT by CincyRichieRich (Refuse to remain silent.)
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To: SeekAndFind

typical of msm the left out the word ILLEGAL.

Shock: 80% of U.S. population growth is from immigrants, resources being sucked dry
http://washingtonexaminer.com/shock-80-of-u.s.-population-growth-is-from-immigrants-resources-being-sucked-dry/article/2551464


16 posted on 08/01/2014 6:18:19 AM PDT by GailA (IF you fail to keep your promises to the Military, you won't keep them to Citizens!)
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To: norwaypinesavage

When the second quarter’s numbers for “growth” are revised in the future (at some time that it is hoped will escape the notice of nearly everybody), the bogus number of 4% will “unexpectedly” drop to a much smaller figure, maybe even negative.

The Current Regime did not invent the concept of “cooking the books”, but they certainly raised it to an art form.

When even the Current Regime grudgingly admits the unemployment percentage is “up”, then the situation must be much worse than they are reporting.

And now they are giving some five or six million persons who have entered the US “in an irregular manner” work permits to sort of make them “legal”, this is supposed to reduce the number of unemployed US citizens? How does that arithmetic work? NO form of “the new math” can reconcile that disparity.

The Current Regime gives liars everywhere a bad name.


17 posted on 08/01/2014 6:23:17 AM PDT by alloysteel (Most people become who they promised they would never be.)
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To: SeekAndFind

“...an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.”
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////https://www.youtube.com/watch?v=GBmCpftMspM


18 posted on 08/01/2014 6:24:00 AM PDT by RipSawyer (OPM is the religion of the sheeple.)
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To: ROCKLOBSTER

How to create a zero unemployment rate. Give everyone in the country a government job for one hour a week at minimum wage or eliminate all jobs in the country, everyone will stop looking for a job since they know none are available so they won’t be counted as unemployed because they are not looking. Presto, chango, ZERO unemployment. Now if I could just get those crazy flying pigs to stop dive bombing my Unicorns I could have time to go and watch the winter Olympics in the underworld.


19 posted on 08/01/2014 6:31:51 AM PDT by RipSawyer (OPM is the religion of the sheeple.)
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To: SeekAndFind
U.S. job growth slowed more than expected....

DRINK!........................

20 posted on 08/01/2014 6:34:45 AM PDT by Red Badger (If you compromise with evil, you just get more evil..........................)
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