Posted on 07/02/2010 8:46:36 AM PDT by MissesBush
Washington — Private employers added a smaller-than-expected 83,000 jobs in June, but the unemployment rate edged down to 9.5% as many workers dropped out of a labor market that remains very sluggish.
The Labor Department reported Friday that total payroll employment, including government workers, was down 125,000 in June, reflecting the loss of 225,000 census workers who finished their assignments.
The decrease in Census Bureau staffing was expected, but most analysts were looking for stronger job growth in the private sector, which has yet to generate momentum and looms as a major threat to the overall economic recovery. In May, private employers added just 33,000 jobs. What's more, the average hours worked in manufacturing and other industries in June declined, as did average hourly earnings.
Job gains last month were largely in low-paying industries -- leisure and hospitality, and the temporary-help industry. Manufacturing payrolls grew by 9,000, but that was much smaller than the average of 25,400 in the prior five months. And the construction industry shed another 22,000 jobs in June.
Although the jobless rate in June fell from 9.7% in May, that reflected a big drop of 652,000 people in the labor force over the month. The labor force is made up of workers and those actively looking for jobs. With the economic recovery weakening and many employers reluctant to hire, many more unemployed people may have quit looking for work, which would push down the jobless rate.
In fact, the percentage of the overall working-age population that is in the labor force fell last month to 64.7% -- near a 25-year low.
(Excerpt) Read more at latimes.com ...
Woot! Unemployment is finally heading down!
welcome to Dopeychangey land...
“Private employers added a smaller-than-expected 83,000 jobs in June”
The private ADP report only noted an increase of 13,000 on Tuesday.
How do they measure people “actively looking for jobs”?
People are "actively looking for jobs" when they either show up to their local Job Service Center, or log in to the website.
I'm certain many people give up on the Job Service Center, and continue to look for work on their own.
Pretty scary to think they might actually believe what they are saying about a recovery. I would feel better about their lies if i was convinced they knew they are lies.
WOW!!! What astounding spin!! LAT leads with the misleading claim the labor market added 83,000 jobs.
They finally get around to mentioned the NET jobs number was a NEGATIVE 125,000 which means the number of jobs LOST was 208,000 (208,000 lost + 88,000 GAINED = -125,OOO)
They will continue to pimp for the pathetic loser in the WH until theyn lose their last reader.
The Bureau of Labor Statistic's U6 metric, which "includes total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers" and therefore is much closer to actual unemployment, is 16.7% at the end of the first quarter of 2010:
http://www.bls.gov/lau/stalt10q1.htm
It apparently has not been updated yet to include the second quarter of 2010. When that number comes out, it will give us a much better picture of what's really been going on.
Quite frankly, conservative talk radio and FNC should always quote U6, since it is much more realistic. And it would be especially delicious too when the lame stream media started to howl about that, as it would force them to explain why they are howling, giving the conservative outlets a wonderful means to start a controversy that focuses on the dismal unemployment situation.
Ever seen a more incompetent administration full of academic no experience idiots stuck on stupid.....look no further than this Jack Squat led adminstration, just ask Romer. =.=
Thanks for the link ... I have been looking for that forever. If you go up one level, it is a real good resource for all things unemployment.
At least they did mention 125,000 jobs were lost unlike CBS radio which as I was driving in this A.M. could only report the 83,000 private sector jobs created and not the overall loss of 125,000 jobs. Of course they didn’t mind hailing the job creation when it was Census worker jobs driving the increase. Now that the loss of those jobs are driving the decrease, CBS and others in the clown car media have no interest in their impact on job’s numbers.
Lies, lies and more Obama lies.
We can celebrate the rapid growth of the welfare state and more “progressive” voters. Remember, much of the dissatisfaction with O is that he have not governed radically enough.
Yours is an awesome idea, and it is obvious that U6 is far closer to the truth than that crazy stat they are currently using that goes down just because people give up looking for work (whatever the definition of that is.)
Does U6 include that famous “stopped looking” category?
I wonder why FoxNews doesn’t use it. As you say, it would be so much more honest, and any bureaucrats attempting to explain why a number that goes down when the problem increases might just cause the government to blow a fuse.
Which would be interesting to watch.
I don't know. It would depend on what the classify as "total unemployeed".
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