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 ...
“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.
I am more and more cynical about these data. We have a partisan bureaucracy that will manipulate data when it serves the Dems interests.
What kind of farming do you do, if I may ask?
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
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.
-— 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.
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?
If we always expect the unexpected, then the unexpected is expected, except when it’s unexpectedly unexpected.............
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.
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.
Summer of Recovery 6.0.
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?
I thot “underlying momentum” was the grease on the ground that keeps the Grand Kenyan’s butt sliding smoothly?
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.
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?
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