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 ...
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.
“unemployment rate rises to 6.2 percent”
Damn that Bush. /s
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- Homo Hussein Electus II
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- Why report income when Obama spends $100M of US taxpayer’s money on his golfing vacation in Ebola Valley, Africa?
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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...
The kids got out of school and tried to find jobs.
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.
pure bullshit.
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
Real unemployment for the general population is somewhere between 18% and 25% and some demographics are much higher.
Very good point. Everyone know these government numbers are complete BS.
http://www.usmayors.org/pressreleases/uploads/2014/0811-release-metroeconwagegap.pdf
A new report from the U.S. Conference of Mayors delivers a sobering, if unsurprising, statistic about America’s economic recovery since the recession of the late 2000s: Present-day wages in the U.S. are down 23 percent from their 2008 levels, resulting in $93 billion in lost pay for American workers.
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