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 ...
Depends on whether the arugula comes in sprigs or bundles.
Today’s report is the biggest joke I’ve ever seen
640,000 thrown out of the labor force, 56,000 fewer people working; that’s all you need to know. All the other numbers are complete BS.
the civilian employment to population ratio to 59.3%,
More realistic number.
Obama owns the unprecedented, sharpest decline in workforce participation — 5.3% relative decline in 6 years. The unemployment data doesn’t reflect this fact — AP is short on reality.
The “official” unemployment number came down because many people that have been looking for work have now given up looking for work. They get removed from the “official” unemployment number. But, look closely at the not working number, it goes up.
“and a U-3 computational method that counts as “employed” anyone who works only a few hour per week”
Actual Unemployment is: 42.9%
Telling us it’s 5.3% - IS A LOAD OF CROCK.
Any stats on how many of those 223K jobs were “40 hours a week with benefits”-type jobs?
Liar, liar, pants on fire...
Now adjust for those retired, too young to work, disabled, do not need to work (lotto, inheritance, etc.) to get the true numbers. I'll bet it is north of 30%.
Thank you for the link.
JaWann needs to give Carmalita one.
Something like that. Personally 40% may be a little high, but i believe he number is in the mid 30’s.
Here's a tip off that the bus is heading in the wrong direction, but, they will continue telling the public what they think they're swallow.
Here's a little light on the BIGGER picture that should help you put the puzzle pieces together.
How "sound" is a stock market that makes continual new highs on lesser and lesser volume?
http://www.zerohedge.com/news/2015-06-27/bad-breadth-milestone-warning-stocks
To be fair, these numbers have been manipulated in both Democrat and Republican administrations. George Bush had numbers in the 8s. Those were probably too low also.
But the current numbers are really far from reality. All you have to do is step away from your computer once in a whole — go out and talk to your relatives, friends and neighbors. Chances are they or someone they know, is out of work and likely has been for some time..
I call B.S.
If we weren’t in a Depression, the Fed would have raised interest rates months ago.
When wages fail to rise while the labor-force participation rate sinks to new lows, it’s time to face reality — the economy is contracting.
The decline in first-quarter GDP was blamed on severe winter weather, yet the economy has clearly not rebounded, it’s gotten worse, as today’s figures show. What will they blame the second-quarter GDP decline on, or will they go complete Stalinist dictatorship and publish false numbers?
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