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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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To: Diana in Wisconsin

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

LOL. Hope you don’t have any “EPA Puddles” on your property.


21 posted on 08/01/2014 6:37:20 AM PDT by headstamp 2
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To: norwaypinesavage
Good news for Wall Street and the banks. They want the Fed to continue QE and to keep interest rates low. In fact, Obama wants to keep the interest rates low because a rise in interest rates increases our debt servicing costs thereby squeezing the budget even more.

I am more and more cynical about these data. We have a partisan bureaucracy that will manipulate data when it serves the Dems interests.

22 posted on 08/01/2014 6:37:34 AM PDT by kabar
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To: SeekAndFind

23 posted on 08/01/2014 6:40:09 AM PDT by SoFloFreeper
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To: Red Badger

24 posted on 08/01/2014 6:41:17 AM PDT by SoFloFreeper
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To: Red Badger
Image and video hosting by TinyPic
25 posted on 08/01/2014 6:44:27 AM PDT by SoFloFreeper
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To: MrB

26 posted on 08/01/2014 6:45:14 AM PDT by SoFloFreeper
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To: Diana in Wisconsin

What kind of farming do you do, if I may ask?


27 posted on 08/01/2014 6:57:52 AM PDT by ecomcon
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To: rktman

It’s all BS, 92 million able adults are unemployed which is 1/3rd of the population yet they constantly give us single digit percentages


28 posted on 08/01/2014 6:59:32 AM PDT by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: norwaypinesavage; P-Marlowe

If I have it correct, the 2nd quarter growth is based on the first quarter 2014 revised DOWN to -2.9%. So, was it 4% higher than that 1st quarter 2013 hole they had dug? That means that it was only 1.1% higher than the 4th quarter 2013. And that would mean an average .5% for each of those quarters.

If they had not ‘revised down’ to -2.9% could they have shown 4% growth? Is it a math trick?

Just using hypothetical numbers, since we have roughly a 17 trillion annual GDP, if the 4th 2013 was $4.25 trillion (one fourth of 17), and the 1st 2014 was 3% lower at $4.12 trillion and the 2nd 2014 was 4% higher than the 1st at $4.28 trillion, then they’re only $.03 trillion higher than where they started from. That would be about .1% growth

BUT they can say 4% growth from that low point they had sunk to.

Without knowing where they’re measuring 4% from, then we don’t really know what’s being done with numbers to impress us.


29 posted on 08/01/2014 7:11:52 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: SeekAndFind

-— that could give the Federal Reserve room to keep interest rates low for a while. -—

I think it’s safe to assume that interest rates will be kept low through 2016.


30 posted on 08/01/2014 7:14:51 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Diana in Wisconsin
I’m so glad we farm! By the time 0bama is done with us, we’re gonna be ZillionairesZimbabwe! *SPIT*
31 posted on 08/01/2014 7:19:52 AM PDT by peyton randolph (Show me the man and I will find the crime. - Lavrenti Beria)
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To: SeekAndFind

People don’t want to work. It is easier to get things from the government.

I know people who simply cannot hire people do a job.

Why work when you can suck off those who are working?


32 posted on 08/01/2014 7:22:44 AM PDT by moviefan8
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To: SoFloFreeper

If we always expect the unexpected, then the unexpected is expected, except when it’s unexpectedly unexpected.............


33 posted on 08/01/2014 7:25:31 AM PDT by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: apillar

I would say that the news was so bad that they couldn’t cover it up completely so they make it sound a little bad.


34 posted on 08/01/2014 7:25:47 AM PDT by tiki
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To: MrB

The economy is doing so well that we only have 47 million on food stamps.

Guess we should be happy that it isn’t 75 million. Or maybe that is the next planned stop.


35 posted on 08/01/2014 7:34:34 AM PDT by crusher2013
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To: SeekAndFind

Summer of Recovery 6.0.


36 posted on 08/01/2014 7:47:24 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: SeekAndFind

Are illegal immigrants counted in the employment rolls? In other words when the unemployment rate goes down, do the jobs created for illegal immigrants help reduce the rate?


37 posted on 08/01/2014 9:21:37 AM PDT by GTM01
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To: SeekAndFind

I thot “underlying momentum” was the grease on the ground that keeps the Grand Kenyan’s butt sliding smoothly?


38 posted on 08/01/2014 10:02:56 AM PDT by cherokee1 (skip the names---just kick the buttz)
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To: ROCKLOBSTER

That is the French model, you know, and it’s obvious how well it works for them. Part time jobs all around and everybody is HAPPY.


39 posted on 08/01/2014 10:06:01 AM PDT by cherokee1 (skip the names---just kick the buttz)
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To: headstamp 2

Farming is good. But we grow pine trees. With any luck at all the Grand Kenyan won’t be able to leave us sucking wood. Wasn’t that the answer Johny Carson got when he asked an old Indian what they did for intertainment at the tribe?


40 posted on 08/01/2014 10:12:14 AM PDT by cherokee1 (skip the names---just kick the buttz)
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To: GRRRRR

Fox is reporting the U6? Very interesting. This is the first time I have heard of an MSM report something other than groupthink talking points and in this case something other than U3. I didn’t think an MSM is capable of independent thought.


41 posted on 08/01/2014 12:21:59 PM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - a classical Christian approach to homeschool])
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To: SeekAndFind

“unemployment rate rises to 6.2 percent”

Damn that Bush. /s


42 posted on 08/01/2014 2:24:34 PM PDT by lowbridge
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To: SoFloFreeper

-

- Homo Hussein Electus II

-


43 posted on 08/01/2014 4:40:37 PM PDT by devolve (-Tell VLADIMER after my ERECTION I have more 90% more FLEXIBILITY - pre-1899 Colt SAA frames needed)
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To: moviefan8

-

- Why report income when Obama spends $100M of US taxpayer’s money on his golfing vacation in Ebola Valley, Africa?

-


44 posted on 08/01/2014 4:45:11 PM PDT by devolve (-Tell VLADIMER after my ERECTION I have more 90% more FLEXIBILITY - pre-1899 Colt SAA frames needed)
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To: SeekAndFind

Interest rates are very low because they know damn well if they raise them, they’ll put the final bullet into the head of what’s left of the economy...


45 posted on 08/01/2014 5:45:56 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: SeekAndFind

The kids got out of school and tried to find jobs.


46 posted on 08/01/2014 5:52:54 PM PDT by fwdude (The last time the GOP ran an "extremist," Reagan won 44 states.)
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To: moviefan8

What state do you live in?

Very curious as if you are in Massachusetts please contact me.
I need part time work at least. Working full time + with self employment but its not enough.

Will be applying at the USPS soon as they are looking for part timers.


47 posted on 08/01/2014 7:55:38 PM PDT by warsaw44
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To: SeekAndFind

pure bullshit.


48 posted on 08/01/2014 10:54:17 PM PDT by kingattax (a real American would rather die on his feet than live on his knees.)
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To: SeekAndFind

There has never been so many people that have dropped out of the workforce than there have been as a direct result of Obama’s anti-growth policies. Even though these people have no jobs and are not working, they are not considered to be unemployed by the liars in government that spew these false “unemployment” numbers to the public at large.

Real unemployment (the number of people not working) is the highest it has been in the entire history of the US.

FUBO


49 posted on 08/03/2014 7:01:38 AM PDT by Gabrial (The nightmare will continue as long as the nightmare is in the Whitehouse.)
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To: SeekAndFind

Real unemployment for the general population is somewhere between 18% and 25% and some demographics are much higher.


50 posted on 08/03/2014 10:25:12 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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