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Employment Situation - June 2010 (Obamaconomics = FAILURE!)
Bureau of Labor Statistics ^ | July 2, 2010 | BLS

Posted on 07/02/2010 5:35:12 AM PDT by C19fan

Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010. Private-sector payroll employment edged up by 83,000.

(Excerpt) Read more at bls.gov ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: bls; employment; governmenttakeover; roadtosocialism; unemployment
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To: C19fan

Santelli on CNBC is pissed off!

They’re also hollering about some fishy business in the birth/death model.


21 posted on 07/02/2010 5:41:56 AM PDT by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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To: C19fan

Obama on Unemployment: “At Least It’s Not at 12, 13 or 15 Percent”
http://www.youtube.com/watch?v=I3TlNsPFkyE

Pelosi: Unemployment compensation creates jobs
http://www.youtube.com/watch?v=WUAG3Fqz56s

So this is great news and we should be happy! More unemployment compensation! Jobs are being created!

Why do I feel like I’m living the movie Idiocracy?


22 posted on 07/02/2010 5:42:01 AM PDT by TSgt (We will always be prepared, so we may always be free. - Ronald Reagan)
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To: C19fan
the unemployment rate edged down to 9.5 percent

The way they count this number is wrong. The unemployment situation is getting worse, and if the rate is improving, then something is wrong with the methodology being used to track it. They know that, but it makes them look good, so they won't try to fix it.

23 posted on 07/02/2010 5:42:13 AM PDT by ClearCase_guy
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To: C19fan

i read previews yesterday to see what economists were hoping for today- the big number was the gain in private sector jobs...they were hoping for a minimum of +100K upwards of +180K....only +83K private sector jobs were created...


24 posted on 07/02/2010 5:42:18 AM PDT by God luvs America (When the silent majority speaks the earth trembles!)
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To: andy58-in-nh

It was just a bunch of people listening to wily ol’ Joe Biden... He told them the jobs aren’t coming back, so they just gave up looking.


25 posted on 07/02/2010 5:42:56 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: ClearCase_guy

didn’t zero say it was a good thing when unemployment edge up t0 9.9% a few months ago??? it meant more people entered the work force???? let’s hear that morons spin today....


26 posted on 07/02/2010 5:43:39 AM PDT by God luvs America (When the silent majority speaks the earth trembles!)
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To: autumnraine
Once again I ask, how are there less jobs and yet unemployment number goes DOWN?

No mystery to me. The Bureau of Labor Statistics is juggling the numbers to try and elect Democrats in November. Watch the July, August, September & October numbers continue to be manipulated downward to show about a 7.9% unemployment rate by the elections in November.

Bank on it.

27 posted on 07/02/2010 5:44:40 AM PDT by Chuck54 (Dollar-A-Day Freeper (on fixed income). Join the club please.)
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To: Gondring
Thomas Sowell wrote the following back in the mid 1990s:

From FR thread Obama's Speech in Racine Channeled Thomas Sowell circa 1996, (and not in a good way)
http://www.freerepublic.com/focus/f-bloggers/2545511/posts

28 posted on 07/02/2010 5:45:24 AM PDT by listenhillary (You might be a modern LIBERAL if you read 1984 & said "YEAH! That's the world that I want!")
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To: All

I think they adjusted the May numbers up to 9.9% so it’s a bigger gain in employment than first reported. Wow, this is great news.(sarc) At least it’s not 10%.. But give him time, he’s destroying the economy at a rate the former Soviets are envious of.


29 posted on 07/02/2010 5:45:30 AM PDT by newnhdad (The longest of journeys begins with one step.)
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To: C19fan

It bears repeating: were the GOP in power in either the Congress or the White House the MSM would be in full throat about this crisis.


30 posted on 07/02/2010 5:45:41 AM PDT by relictele (Me lumen vos umbra regit)
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To: autumnraine
"Once again I ask, how are there less jobs and yet unemployment number goes DOWN?"

Once unemployment benefits expire - you are no longer considered unemployed! So MORE people fell off the back end of line than entered.

31 posted on 07/02/2010 5:46:35 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: autumnraine
Once again I ask, how are there less jobs and yet unemployment number goes DOWN?

So confused.


It is confusing - it's intended to be - so don't feel too bad. Basically, what the so-called "unemployment" number reports is the number of people filing unemployment claims. So, even if employers are reporting fewer actual jobs (i.e., number of new hires dropped, or number of new hires is less than number of new fires), if more people have stopped filing unemployment claims - in this case, because they've used up their maximum benefit - than the number of people who have filed new unemployment claims (on account of having just been let go), then you will see both a drop in the total number of jobs and a drop in the so-called official rate of unemployment.

The system works tolerably well as a proxy for real unemployment during normal times - when the political party in charge is not actively trying to destroy the economy - but in times such as those we are now suffering through, the so-called official rate of unemployment is more of a lie than an accurate statistic (which is, of course, what the democrats are currently using it as - a figleaf to disguise the true rate of current unemployment - counting all those who have lost unemployment benefits and have simply given up looking for work until we get rid of the democrats - which is somewheres around 20% to 25%).


32 posted on 07/02/2010 5:46:54 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: C19fan

“Chocolate rations increase from 10 to 8 per month!”


33 posted on 07/02/2010 5:47:17 AM PDT by PogySailor (BHO - Dividing the country into tribes since 2008.)
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To: autumnraine

People quit looking for jobs.


34 posted on 07/02/2010 5:47:50 AM PDT by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: C19fan
I have the numbers now. Holy crap. As you noted, the number of people who are now counted as "not in the labor force" increased from May to June by 842,000. Now, look at the increase in the number of people not in the labor force since June 2009: 3,054,000. Over three million people dropped out of the labor force since last June - and that, folks is how you keep the "official" unemployment rate below 10%. Lying with statistics for dummies.
35 posted on 07/02/2010 5:48:00 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Oceander

You do have people who are no collecting UI but are considered unemployed because they are looking for a job, for example college graduates.


36 posted on 07/02/2010 5:48:35 AM PDT by C19fan
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To: An.American.Expatriate

If someone gives up looking for work they are still unemployed.


37 posted on 07/02/2010 5:48:38 AM PDT by Never on my watch (The person with the solution to the oil spill was aborted in January 1978)
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To: kempster
A few weeks from now we will probably get a little Friday night blurb that will “unexpectedly” adjust the numbers up to 9.8 or 9.9.

Yesterday morning, FoxNews was saying that the new UE rate was 9.9%.

FEDs play with those numbers and 'readjust' according to need. They have to 'adjust' because Team Obama does not want the number to be 10% or more, for political reasons.
38 posted on 07/02/2010 5:48:59 AM PDT by TomGuy
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To: Never on my watch
If someone gives up looking for work they are still unemployed.

Actually according to BLS methodology you are no longer unemployed in that situation.

39 posted on 07/02/2010 5:49:43 AM PDT by C19fan
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To: C19fan

Unemployment is down because more people are hopelessly out of work! Go figure.


40 posted on 07/02/2010 5:50:13 AM PDT by mikeandike
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