Stunner: NFP Up Just 18K, Unemployment Rate 9.2%, Household Survey Down 445K, Birth Death +131K

Zero Hedge ^ | July 8, 2011 | Tyler Durden

[Zakeet]

And this is why we need more Quantitative Easing

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For the benefit of Freepers who might not know:

• Quantitative Easing = printing money

• Birth death adjustment = the assumption that the economy added one job by a company starting up for each job lost by companies who shut down; a totally artificial means used by government bureaucrats to "cook the books" and thus understate the magnitude of the unemployment problem.

• NFP = Non-Farm Payroll; jobs.

[GlockThe Vote]

Private Business is on strike until Obama is gone.

[Bean Counter]

[Arm_Bears]

What’s even more stunning is that this data is even being reported.

I thought that the MSM had completely compromised their credibility when BJ Clintoon occupied the White House; but their non-stop fellation of Zero has been amazing.

Wonder if that worm is starting to turn?

[ImJustAnotherOkie]

This is Unexpected

[frogjerk]

BERNANKE:"We don't have a precise read on why this slower pace of growth is persisting."

[silverleaf]

Complete humiliation for Wall Street's economists

At least one bright spot of good news...

[Eric in the Ozarks]

Barky is planning a special announcement on the jobs report. I can hardly wait for his latest alibi.

[mrsmith]

“There is no sugarcoating this report. “

Yes, there is: ‘underground employment’.

I bet he starts using that meme today.

And there is some truth to iy- avoiding taxes and regs and keeping onesself eligible for benefits. All reasons he has made more powerful.

[lacrew]

“Barky is planning a special announcement on the jobs report. I can hardly wait for his latest alibi. “

We will be ordered to go out and destroy all the ATM’s.

[winodog]

I wonder what Obomber will do

a)Go batscat crazy from the stress of destroying tens of millions of people for satan

b)Give the bankers/unions/corps another trillion phoney dollars

c) start WWIII

d)all the above

[screaminsunshine]

Hey this is just a “soft patch”. Wonder if Obama will use that one?

[screaminsunshine]

More Socialism. The only solution to Socialist destruction is more socialism to a Socialist. That is why it is always a race to the bottom.

[GlockThe Vote]

Summer of recovery.

[Lurker]

This is just f’ing disastrous. There’s no other way to put it.

[andy58-in-nh]

Shortly to be blamed by Obama on the Republicans, for “holding a gun at the head of the economy” to preserve “tax breaks for millionaires and billionaires” and, of course, those awful “corporate jet owners”.

[wxgesr]

You forgot a choice: stand there with wood because he loves destroying the western way of life and capitalism so much!

[Dead Corpse]

This isn’t a “disaster” for them, this is deliberate.

[Eric in the Ozarks]

Maybe he’ll announced a few openings at the White House.

[Tempest]

I guess the big box stores and the fast food chains must have enacted a hiring freeze.