Skip to comments.U.S. job growth cools, unemployment rate rises to 6.2 percent
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 ...
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.
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.
GDP has a new meaning...
GDP = Guard Dog Press
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.
Recovery Summer 5.0
So the improvement two week ago, wasn’t really there.
OK. Thought so.
The government drones must have been busy last night changing the report from good to bad.
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...
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.
Millions of “new jobs”.
Meaningless number is meaningless.
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*
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.
So if it drops, it’s UNEXPECTED.
If it rises, it’s UNEXPECTED.
These hateful, lying, traitors destroying our country.
typical of msm the left out the word ILLEGAL.
Shock: 80% of U.S. population growth is from immigrants, resources being sucked dry
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.
“...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.”
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.