32,000 Jobs Created in July (UE Rate Down at 5.5%)

CNBC | August 6, 2004

[RWR8189]

32,000 jobs were created in July. The unemployment rate down at 5.5%

Details to come...

ouch

[montag813]

When 150k jobs need to be created just to employ those entering the workforce, a number of 32k is hardly anything to rally around. It means around 120k people didn't get a job this month that wanted one.

Yes, but...10,000 manufacturing jobs were created and June's loss of 11,000 was revised to -1,000, which means a net gain of 19,000 jobs in the "battleground" states. A small silver lining for the President.

[oceanview]

the only good news, if you can call it that, is that the top line number went to 5.5%.

I say again - releasing oil from the strategic reserve, to break the oil price bubble.

[Dave S]

The ones that build businesses that end up employing others never think for a minute that things are bad

And I would bet that the ones that build the businesses that end up employing others are not the type of businesses being reported in the household survey.

By the way my company was created out of necessity and been growing and profitable now for 14 years. Although I will admit that 2002 was very iffy.

[rwfromkansas]

This could have elected President Kerry.

[CSM]

"Freepers on here have said I'm a pessimist over gas prices being an issue this Nov - And I've kept saying it is JUST over gas prices with regard to voters "driving" - it will have an effect on the economy as a whole!!"

And the ignorant mass sheeple will buy into the rhetoric and place a vote for JFnK. Interesting that their inability to live with their own policies will cause them to vote more of their own damaging policy makers into office!

[KQQL]

Analysts were expecting the economy to add anywhere from 215,000 to 247,000 jobs in July. They were predicting the jobless rate to hold steady at 5.6 percent.

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I guess the rest got created in INDIA/CHINA

[rwfromkansas]

He needs to get off his ass and do something.

[agrarianlady]

I'm not so sure that a terrorist attack would 'help' the Republicans in the election. Besides the fact that we certainly don't want one, the Dems love to say that Bush has made the world more dangerous. They have been spinning a terrorist attack in advance to make it look advantageous to them.

[oceanview]

man of us have been screaming about jobs offshoring for a long time here - only to be put down by the free traders. believe me, jobs offshoring is continuing unabated, and its having a big effect.

[sure_fine]

what is total for the whole year so far?

that may tell another story

[ClarenceThomasfan]

I think this is a minor setback. Next month with kids going back to school and college, things are bound to pick up. A lot of those kids will be quitting jobs and buying school supplies, so that should help.

As Margaret Thatcher said, "Don't go wobbly on me now!"

[lelio]

There are also billions of new Federal $ being appropriated for DoD and DHS that they want spent. In the DC area, where I am, new SB's, mostly started by former employees of the usual suspects (CSC, SAIC, Lockheed Martin, NGIT, etc.) are popping up all the time, just to meet the demand for contractor support, that by law cannot all be awarded to large firms. These will never be counted as "jobs created."

The feds should start spending more money as it creates jobs! What percent of the GDP is now related to government spending now?

[CSM]

So you take the stance that the human spirit is made up of laziness and they will not persue their passions or they won't take the risks for greater rewards? It is interesting that the most successful persons in this nation have also been the laziest! (at least according to your post)

[gnawbone]

Congratulations to the Democrats - their talking down of the economy is having the desired effect.

According to Robert Rubin, sKerry's secret economic plan can't be disclosed because the evil Republicans will badmouth it causing it to fail (I'm paraphrasing but you get the idea).

If your statement is correct, then Robert Rubin is correct, and therefore the Democrats are the ones responsible for any bad economic conditions.

Works for me.

[sure_fine]

can't wait for the Dems to say something like

" well how many jobs did they add on 7/21?"

[EEDUDE]

"I am continually amazed at the comments by Freepers expecting the Federal Government to take responsibility for market fluctuations. Since when does our constitution give the President the responsibility of managing the free market?"

He doesn't have the POWER to do that even if he wanted to.

That's why people buying into Kerry's statements about "we will create jobs" is so amazing.

[POA2]

This has replaced Iraq as the biggest drag. You can't pay $2 a gallon for gas and not have a big impact. $44 a barrel? This has been the case for over a year.

Exactly - At our office energy prices have been killing us - We have made a point not to have it effect any of our current employee's...but we haven't hired like we could have been....nor have we been able to expand like we could be....because fuel costs are killing our bottom-line.

Again, this isn't being pessimistic....it is simply reality...and when you are living it....you KNOW it is having an impact more then any silly economist is saying on TV (predicting 277,000 jobs like Bloomberg was) -

[Pondman88]

Just stop filling the strategic reserve..and make a big announcement. Call Putin and get the YUKOS situation straightenend out, send more troops to Iraq to protect the oil fields. We need cheap oil. Bush has got to do something about this and the perception is he has not done anything.

[RWR8189]

1.078 million jobs created this year.

1.483 million jobs created since last August.