Posted on 07/02/2015 6:35:48 AM PDT by PROCON
WASHINGTON (AP) -- U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to 5.3 percent, a seven-year low. But wages failed to budge, and other barometers of the job market paint a mixed picture.
The unemployment rate fell from 5.5 percent in May, the Labor Department said Thursday. But the rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed.
(Excerpt) Read more at hosted.ap.org ...
Remembering the economy of the late 90s where people were getting signing bonuses, being hired with almost no interview, and people getting raises in order to keep them at their current jobs so they didn’t jump ship to competitors, and full-time work was everywhere, I’m not buying this bull.
Yep. He'll get blamed for it by the Luciferian left. They'll demand he fix "his" mess.
The Conservative candidates should be heading this off at the pass RIGHT NOW as they cross the country giving their speeches.
Tell people the oboma crash is inevitable, and to prepare for it.
“Welfare cases arent counted in that number”
Correct. Nor are people who have given up looking for a job because the economy is so rotten.
In other news, David Stockman, former Reagan administration Budget Director, says the real unemployment rate is 42.9%, not the B(L)S’s 5.5%:
http://davidstockmanscontracorner.com/the-warren-buffett-economy-why-its-days-are-numbered-part-4/
Here’s the truth
“Official unemployment rate fell to 5.3 in June because the number of Americans who left the labor force was twice the number who found jobs.”
If there is so much cash around, why aren't some companies buying up other companies just to take the cash?
That's what happened in the 80's. The fact that it's not happening now suggests that there is some collusion going on.
Your Thursday morning Prozac pill courtesy of your “government”.
He made a convincing case.
If there are 90+ million out of work, simple math says our unemployment rate is higher now than it was during the 1930s depression.
According to aan Rush Limbaugh had on his show the real unemployment rate is 42%
Fuzzy math?
The chocolate ration has been raised to ten grams.
oh.... because Obama is claiming he’s “rescuing” a Bush “crash.”
(Bush and Democrat Congress crash, to be more precise)
“Jobless” rate at 5.3%....people who have opted for SSDI because Obola has destroyed the economy—>10.9%
In a time of universal deceit - telling the truth is a revolutionary act. ~ George Orwell
Be a revolutionary.
Those sheep in the media who are praising Hussein, didn’t look at the details:
Of the 873,000 people who dropped from the labor force, only 223,000 found another job in June.
So, those NOT in the labor force INCREASED by 640K in June.
FYI: Those not in the labor force, is at an all time high of 93.626M.
This is how you lower the unemployment rate, despite an additional 640,000 people are no longer working.
You just stop count more and more people out of work to get the percentage rate the White House desires.
http://data.bls.gov/timeseries/LNS15000000
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