Author Topic: Another Jobs Report FAIL - 8.2%  (Read 7155 times)

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #25 on: July 06, 2012, 07:20:55 AM »
"He is not asking the government to fix anything"

No thats why he spends most of his life in here posting articles of how the government is not fixing the economy etc. Are you on crack?


LOL.   Your world salad meltdowns now that Obama's disastrous record of collapse, decay, incompetence, failure and decline is back in focus is comical. 

BTW what are "Sheeps"

whork

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Re: Another Jobs Report FAIL - 8.2%
« Reply #26 on: July 06, 2012, 07:30:00 AM »
LOL.   Your world salad meltdowns now that Obama's disastrous record of collapse, decay, incompetence, failure and decline is back in focus is comical. 

BTW what are "Sheeps"

Yes im having a meltdown ???

You mean like posting on getbig 24/7 and screaming commie traitor at everyone who posts in here?

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #27 on: July 06, 2012, 07:32:16 AM »
Yes im having a meltdown ???

You mean like posting on getbig 24/7 and screaming commie traitor at everyone who posts in here?

Only those still supporting obama like yourself and tghe other "SHEEPS"


Fury

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Re: Another Jobs Report FAIL - 8.2%
« Reply #28 on: July 06, 2012, 07:37:20 AM »
Yes im having a meltdown ???

You mean like posting on getbig 24/7 and screaming commie traitor at everyone who posts in here?

You're on here all day and you actually converse with yourself on your gimmicks. Stop embarrassing yourself, you jobless deadbeat, BlackenWhorkMonsAnusEtcE tc.

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #29 on: July 06, 2012, 07:38:04 AM »
Jobs report: 80K jobs added, 8.2% jobless rate; Update: Worst quarter in 2 years
 

posted at 8:33 am on July 6, 2012 by Ed Morrissey
 






The jobs report for June shows another gloomy month in the US economy.  Job growth amounted to a disappointing 80,000, below analyst expectations of 90-100K, while the jobless rate remained the same at 8.2%:
 

Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month. …
 
In June, the number of long-term unemployed (those jobless for 27 weeks and over) was essentially unchanged at 5.4 million. These individuals
 accounted for 41.9 percent of the unemployed. (See table A-12.)
 
Both the civilian labor force participation rate and the employment-population ratio were unchanged in June at 63.8 and 58.6 percent,
 respectively. (See table A-1.)
 
This is only a bare improvement over last month’s report, with its addition of 77,000, an upward revision from the report a month ago, which had May at 69,000. The average monthly job growth has been 75,000 over the last three months — when we need 125K-150K to keep up with population growth. It’s a measure that shows us going backwards … again.
 
The bad news gets even worse when looking at combined unemployment and underemployment, as measured by U-6.  That measure had dropped to a years-long low in March and April of 14.5%, but now has ticked upward two months in a row, and is back to 14.9%.  Joblessness among African-Americans jumped by 184,000 and the rate shot up from 13.6% to 14.4%, the highest it has been since December 2011.
 
Update: CNBC notes that the June report makes the second quarter of 2012 the worst hiring period in two years:
 

With yet another month of weak employment growth, the second quarter marks the weakest three-month period in two years.
 
May’s weak initial 69,000 report was revised upward to 77,000, which made the June number essentially flat.
 
There were a few bright spots: The overall work week edged higher by 0.1 hour to 34.5 hours and average hourly earnings grew 6 cents to $23.50.
 
But it was an otherwise dismal report that will up the stakes in the race between President Obama and Republican challenger Mitt Romney.
 
Dismal, indeed.  No one can pretend that the Q2 figures are some sort of hiccup.  We are decelerating, and we’re decelerating from stagnation levels, which leaves us very few options as to the eventual destination.
 
The Associated Press also reports on the weakness of the economy:
 

U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling three years after the recession ended.
 
The Labor Department said Friday that the unemployment rate was unchanged at 8.2 percent.
 
The economy has added just 75,000 jobs a month in the April-June quarter. That’s one-third of 226,000 a month created in the first quarter. Job creation is also trailing last year’s pace through the first six months of 2012.
 
Again, the direction is clear, as is the destination, unless we change direction on economic policy.  That is, of course, why we have elections.
 
The AP report offers this curious analysis:
 

A weaker job market has made consumers less confident. They have pulled back on spending, even though gas prices have plunged.
 
I think they have this backwards.  Gas prices have dropped significantly because demand has fallen.
 
Update II: This is a good time to remind people of the implications of Barack Obama’s immigration policy change this month.  The pledge to issue work permits means that we may potentially add 1.2 million workers to the workforce over the next two years.  That means we will have to add jobs at a rate closer to 200,000 per month just to keep up with population growth and the policy change.
 
Update III: The AP article also reports that one-third of the job gain came from temp hires.  That may or may not be a bad thing; temp hires usually presage some expansion, but that’s something you want to see more toward the beginning of a recovery than three years into it.  At this stage, and with these low overall numbers, it looks a lot more like bet-hedging.
 
Update IV: Here is a graph of the U-6 measure since the BLS began reporting it in 1994:

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Re: Another Jobs Report FAIL - 8.2%
« Reply #30 on: July 06, 2012, 07:42:05 AM »
Economics, Pethokoukis

June jobs swoon: America’s labor market depression continues

James Pethokoukis | July 6, 2012, 9:31 am

 


This was not the employment report either the American worker or the Obama campaign wanted to see right now. The Labor Department said the U.S. economy created just 80,000 jobs in June, less than the 90,000 economists had been forecasting. And private-sector job growth was just 84,000, down sharply from 105,000 in May. Not doing fine.
 
The unemployment rate stayed at a lofty 8.2%.
 
As a research note from RDQ economics put it: “The good news is that employment growth is not slowing further but there is no sign of it picking up either.  At this pace, job creation is not fast enough to lower the unemployment rate with the labor force growing at close to 150,000 per month on average.”  Shorter: Stagnation Nation
 
This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.
 
Just 75,000 jobs were created, on average, per month in the second quarter vs. 226,000 in the first quarter. And for the year, monthly job creation has averaged just 150,000 vs. 153,000 last year. Both numbers are extremely weak.
 
But those top-line numbers actually overstate the health of the labor market.
 
– If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today—the U-3 unemployment rate would be 10.9%. Even if you take into account that the LFP should be declining as America ages, the unemployment rate would be 10.5%.
 
– The broader U-6 unemployment rate, which includes “all persons marginally attached to the labor force, plus total employed part time for economic reasons,”  is 14.9%, up a bit from May.
 
– The average duration of unemployment ticked up to 39.9 weeks.
 
– It will take 219,000 net new jobs a month for unemployment rate to be below 8% on Election Day if current participation rate holds steady.
 
– Job growth during the three-year Obama recovery has averaged just 75,000 a month for a total of 2.7 million. During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.
 
– The U.S. work force remains shrunken with just 58.6% employed:
 


None of this should be surprising. The economy grew a bit less than 2% last year, and we averaged about 150,000 new jobs a month. We are growing a bit less than 2% this year, and job growth is averaging about 150,000 jobs a month. And there are few signs the rest of the year will be any better. And given a) how the eurocrisis is AGAIN flaring up, and b) China continues to slow, it sure seems like 2% growth and 8% unemployment is a best-case scenario with plenty of downside risk — for the economy and the Obama campaign.
 
James Pethokoukis is a columnist and blogger at the American Enterprise Institute. Previously, he was the Washington columnist for Reuters Breakingviews, the opinion and commentary wing of Thomson Reuters.
 
 Pethokoukis was the business editor and economics columnist for U.S. News & World Report from 1997 to 2008. He has written for many publications, including The New York Times, The Weekly Standard, Commentary, National Review, The Washington Examiner, USA Today and Investor’s Business Daily.
 
 Pethokoukis is an official CNBC contributor. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, The McLaughlin Group, CNN and Nightly Business Report on PBS. A graduate of Northwestern University and the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! Champion.

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #31 on: July 06, 2012, 07:56:39 AM »
10 reasons why jobs market even worse than weak June employment report
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By ED CARSON







 Posted 08:51 AM ET
 



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Nonfarm payrolls rose by just 80,000 in June, slightly worse than expected and the third straight month of sub-100,000 job growth. The jobless rate held at 8.2%. The employment report was disappointing. Here are 10 reasons why the jobs market is even worse than the headline figures.
 

1. Unemployment has topped 8% for 41 straight months. Last time above 8% - December 1983.
 
2. The jobless rate actually makes the labor market look better than it actually is. The rate only counts people who want a job but don't have one. But the labor force participation rate was 63.8% in June, just above near modern-era lows. (It was 66.2% in January 2008 and 67.3% in April 2000). Otherwise, unemployment would be around 11%.
 
3. The employment-to-population ratio for those aged 25-54 dipped to 75.6% in June, down sharply from 80% in January 2008. Many economists left and right view the core employment ratio as one of the cleanest views of the labor market, because it includes those who have stopped looking for work while excluding the bulge in retirees and young adults in school.


4. Chronic unemployment. The average length of unemployment rose to 39.9 weeks in June, close to recent peak. It was 17.4 weeks at the January 2008 peak and 23.9 weeks in June 2009, when the recession officially ended. Long-term joblessness is particularly bad because skills erode or become obsolete, leading to permanent losses in income.
 
5. The U.S. added 225,000 jobs in the second quarter vs. 677,000 in Q1. That was the smallest quarterly gain since Q1 2010 — excluding the Q3 2010 post-Census decline. June's gain of 80,000 is not enough to absorb new workers to prevent the unemployment rate from rising over the long term.

 
6. Nonfarm payrolls are 4.935 million, or 3.6%, below their January 2008 peak.
 
7. This is already the longest jobs recession since the Great Depression at 53 months. Payrolls aren't on track to reach the old highs until June 2015, assuming the sluggish economic expansion lasts that long.
 
8. Private sector "doing fine"? Private-sector employment still down 3.9%, or 4.502 million. Government jobs overall are down 1.9%, with federal jobs (ex post office) up 10.7%.

 
9. Entrepreneurial activity fading. The number of startup firms has crashed from pre-recession highs, still near levels previously seen in the early 1980s, when the number of establishments was far lower. Establishments less than a year old, including those belonging to the same firm, totaled 556,553 in 2010, according to the latest Commerce Department data. That's down 26% from the peak of 747,278 in 2006. Meanwhile, the number of employees at startups has plunged, with a greater share of new firms with no employees — one-man shops. Very small startups are less likely to invest or to grow, a bad sign for future hiring.
 
10. Gross hiring. The monthly payrolls report refers to net job gains — hiring minus the number of people who were laid off or quit. Layoffs are near decade lows. Actual gross hiring fell to 4.175 million in April, the most recent month in Labor's JOLTS survey. That's the lowest since last July. Weak gross hiring reflects companies remaining cautious. It also makes it harder for the unemployed to find work, which is probably one reason why unemployment duration is so high.
 
Andrew Malcolm is on vacation. You can follow Ed Carson on Twitter (EdCarson1) and Facebook.


http://news.investors.com/article/617140/201207060851/10-reasons-jobs-market-worse-than-june-report.htm?p=full


Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #32 on: July 06, 2012, 07:58:07 AM »
9. Entrepreneurial activity fading. The number of startup firms has crashed from pre-recession highs, still near levels previously seen in the early 1980s, when the number of establishments was far lower. Establishments less than a year old, including those belonging to the same firm, totaled 556,553 in 2010, according to the latest Commerce Department data. That's down 26% from the peak of 747,278 in 2006. Meanwhile, the number of employees at startups has plunged, with a greater share of new firms with no employees — one-man shops. Very small startups are less likely to invest or to grow, a bad sign for future hiring.


________________________ ______________________


ThugCare anyone? 

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #33 on: July 06, 2012, 08:32:52 AM »
http://business.time.com/2012/07/06/u-s-hiring-likely-improved-only-modestly-in-june

1/3 of the reported jobs are from temp agencies 


Obama = F A I L

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Re: Another Jobs Report FAIL - 8.2%
« Reply #34 on: July 06, 2012, 08:35:17 AM »
Obama Calls The Jobs Report A 'Step In The Right Direction'
Grace Wyler|16 minutes ago|89|1


 

President Barack Obama responded to today's jobs report this morning, speaking to a crowd of supporters at an elementary school in Poland, Ohio.
 
“We learned this morning that our businesses created 84,000 new jobs last month," Obama said. "It's a step in the right direction. But we can't be satisfied."


Read more: http://www.businessinsider.com/obama-jobs-report-is-a-step-in-the-right-direction-2012-7#ixzz1zrCZshvH

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Re: Another Jobs Report FAIL - 8.2%
« Reply #35 on: July 06, 2012, 09:54:27 AM »
BUMP FOR BLACKEN, ANDRE, OPTION f, BENNY, LURKER,  STRAWFAG

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Re: Another Jobs Report FAIL - 8.2%
« Reply #36 on: July 06, 2012, 10:00:30 AM »
June Jobs Report: 8.2 Percent Unemployment (Updated)
 the PJ Tatler ^ | July 6,a2012 | Bryan Preston





The US jobs report is out for June 2012, and it is bleak. Unemployment remained stuck at 8.2 percent. Additionally, private sector payrolls added just 84,000 jobs while the government sector shed 4,000 jobs for a net of just 80,000 jobs gained for the entire country. In May, the economy created just 69,000 jobs. The government has been in the habit of releasing a number and then later revising it down, so today’s 80,000 number may not stand for long. Economists expected 90,000 jobs to be created in June. A healthy economy would be expected to create north of 200,000 jobs.

Despite President Barack Obama’s claim Thursday that manufacturing is “coming back,” the US manufacturing sector actually shrunk in June. Retailers also reported a “stagnant” economic environment in June.

Time reports that one-third of the new June jobs are barely jobs, they’re at temp agencies. Retail, manufacturing and the housing sector all saw no job growth at all.

The president and the White House got their communications lines crossed in response to the numbers, with the president saying that they show a “step in the right direction” while the White House warned not to “read too much” into the June report.

Mitt Romney reacted sharply, noting that the unemployment rate remains “unacceptably high,” adding that “This is a time for America to choose whether they want more of the same; whether unemployment above 8 percent month after month after month is satisfactory or not. It doesn’t have to be this way. America can do better and this kick in the gut has got to end.”







andreisdaman

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Re: Another Jobs Report FAIL - 8.2%
« Reply #37 on: July 06, 2012, 10:06:09 AM »
http://www.cnbc.com/id/48092010


Ouch. Fucking awful. No way to sugar coat this.

you sure jump into a thread very quickly when the subject is bad news for Obama ;)

that being said, statistics do appear to be bad....at least they held steady..would have been a total disaster if UE had gone up....

When the stats go the other way I hope you jump into the thread just as quick. :)

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #38 on: July 06, 2012, 10:08:23 AM »
you sure jump into a thread very quickly when the subject is bad news for Obama ;)

that being said, statistics do appear to be bad....at least they held steady..would have been a total disaster if UE had gone up....

When the stats go the other way I hope you jump into the thread just as quick. :)

They won't go the other way so long as ObamaCare is on the books and Obama's wages war against the private sector. 

Fury

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Re: Another Jobs Report FAIL - 8.2%
« Reply #39 on: July 06, 2012, 10:46:16 AM »
you sure jump into a thread very quickly when the subject is bad news for Obama ;)

that being said, statistics do appear to be bad....at least they held steady..would have been a total disaster if UE had gone up....

When the stats go the other way I hope you jump into the thread just as quick. :)

What? No ass-kicking thread today, drone?

At least you had the balls to post in here while your buddies Blacken, Straw Man and co try to avoid it.

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #40 on: July 06, 2012, 10:48:34 AM »
What? No ass-kicking thread today, drone?

At least you had the balls to post in here while your buddies Blacken, Straw Man and co try to avoid it.

Look at what they care about?  Zimmerman, romney's poor campaign strategy right now, public school vouchers, etc. 


Anything to avoid discussing the 900lb elephant in the room, no not michelle.   

Fury

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Re: Another Jobs Report FAIL - 8.2%
« Reply #41 on: July 06, 2012, 10:50:03 AM »
Look at what they care about?  Zimmerman, romney's poor campaign strategy right now, public school vouchers, etc. 


Anything to avoid discussing the 900lb elephant in the room, no not michelle.   

Not going to lie, it's hilarious watching them post around it.

Can you imagine how furious they must be sitting at their computers right now?

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #42 on: July 06, 2012, 10:55:25 AM »
Not going to lie, it's hilarious watching them post around it.

Can you imagine how furious they must be sitting at their computers right now?

Truth.   And notice no lurker, no option D, no benny, barely any of the regulars today?

LOL   

Soul Crusher

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Re: Another Jobs Report FAIL - 8.2%
« Reply #43 on: July 06, 2012, 11:14:09 AM »
http://content.usatoday.com/communities/theoval/post/2012/07/obama-jobs-report-step-in-the-right-direction/1#uslPageReturn



LOL.   He is getting destroyed over there.   "Going in the right direction" 

He must be doing coke again.   

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Re: Another Jobs Report FAIL - 8.2%
« Reply #44 on: July 06, 2012, 11:21:20 AM »
WH: at least the economy is still growing
 Politico ^ | 7/6/12 | DONOVAN SLACK





The White House took an optimistic view of the June jobs report on Friday, saying that overall unemployment is down nearly one percentage point over the past year.

"The economy has now added private sector jobs for 28 straight months, for a total of 4.4 million payroll jobs during that period," Alan Krueger, chairman of the Council of Economic Advisers, wrote in a statement. "Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession."

The jobs report showed the unemployment rate remained unchanged at 8.2 percent in June, while the economy added 80,000 jobs, roughly the same as in May.

Full Krueger statement:


Statement by Chairman of the Council of Economic Advisers Alan Krueger on the Employment Situation in June
While the economy is continuing to heal from the worst economic downturn since the Great Depression, much more remains to be done to repair the damage from the financial crisis and deep recession that followed.  It is critical that we continue the policies that build an economy that works for the middle class and makes us stronger and more secure as we dig our way out of the deep hole that was caused by the severe recession.  There are no quick fixes to the problems we face that were more than a decade in the making. President Obama has proposals to create jobs by ending tax breaks for companies to ship jobs overseas and supporting State and local governments to prevent layoffs and rehire hundreds of thousands of teachers.

Today’s report from the Bureau of Labor Statistics (BLS) shows that private establishments added 84,000 jobs last month, and overall non-farm payroll employment rose by 80,000.  The economy has now added private sector jobs for 28 straight months, for a total of 4.4 million payroll jobs during that period. Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession.

The average work week for private sector workers rose by 0.1 hour in June.  Aggregate private sector work hours posted their largest gain since February, rising by 0.4 percent.  The stronger increase in work hours than in payroll employment suggests that many businesses chose to expand on the intensive margin as opposed to the extensive margin in June. 

The unemployment rate was unchanged at 8.2 percent in June, according to the BLS household survey.   The unemployment rate is 0.9 percentage point below its level a year ago. 

Manufacturing employment continues to expand and manufacturers added 11,000 jobs in June. After losing millions of manufacturing jobs in the years before and during the recession, the economy has added 504,000 manufacturing jobs since January 2010--the strongest growth for any 29-month period since April 1995.  To continue the revival in manufacturing jobs and output, the President has proposed tax incentives for manufacturers, enhanced training for the workforce, and measures to create manufacturing hubs and discourage sending jobs overseas.

Other sectors with net job increases included temporary help services (+25,200), leisure and hospitality (+13,000), and wholesale trade (+8,800). Retail trade lost 5,400 jobs, government lost 4,000 jobs, and motion pictures and sound recording lost 4,200 jobs.  Local governments shed 14,000 education jobs. 

As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision.  Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.





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Chooms and Coke - 2012 

GigantorX

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Re: Another Jobs Report FAIL - 8.2%
« Reply #45 on: July 06, 2012, 11:27:40 AM »
Wasn't the target and boast by Biden around 500k jobs during the Stimulus? How many years ago was that?

Sorry, folks, you can't spin this disaster of a report into a positive.

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Re: Another Jobs Report FAIL - 8.2%
« Reply #46 on: July 06, 2012, 11:32:26 AM »
Wasn't the target and boast by Biden around 500k jobs during the Stimulus? How many years ago was that?

Sorry, folks, you can't spin this disaster of a report into a positive.

Remember Nany Pelosi saying that when ObamaCare was passed there would be an instant 400k jobs? 

LOL 

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Re: Another Jobs Report FAIL - 8.2%
« Reply #47 on: July 06, 2012, 01:36:28 PM »
Obama: 30 months of excusing bad jobs numbers
 Washington Examiner ^ | 7/6/2012 | Byron York




The Obama White House says Americans should not “read too much into” the latest bad news from the jobs front.  Employers added just 80,000 new jobs in June — far fewer than needed for a healthy recovery — and the unemployment rate stayed at 8.2 percent.



Not long after the new figures were released, the White House sent out a statement from Alan Krueger, chairman of the Council of Economic Advisers.  Facing a bleak situation yet again, Krueger said, “It is important not to read too much into any one monthly report.”

If that sounds familiar, it is because that is what the Obama White House has said during month after month of troubling economic reports.  The White House has said it so often, in fact, that the Romney campaign has compiled a list of 30 — yes, 30 — examples, going back to November 2009, of the administration cautioning that Americans should not “read too much into” the latest bad economic news.  Here, from the Romney campaign, is that list:


June 2012: “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/07/06/employment-situation-june)

 

May 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/06/01/employment-situation-may)

 

April 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/05/04/employment-situation-april)

 

March 2012: “Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/04/06/employment-situation-march)

 

February 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/03/09/employment-situation-february)

 

January 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/02/03/employment-situation-january)

 

December 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2012/01/06/employment-situation-december)

 

November 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/12/02/employment-situation-november)

 

October 2011: “The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August’s jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/11/04/employment-situation-october)

 

September 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/10/07/employment-situation-september)

 

August 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/09/02/employment-situation-august)

 

July 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/08/05/employment-situation-july)

 

June 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/07/08/employment-situation-june)

 

May 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/06/03/employment-situation-may)

 

April 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/05/06/employment-situation-april)

 

March 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/04/01/employment-situation-march)

 

February 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/03/04/employment-situation-february)

 

January 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/02/04/employment-situation-january)

 

December 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/01/07/employment-situation-december)

 

November 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/12/03/employment-situation-november)

 

October 2010: “Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/11/05/employment-situation-october)

 

September 2010: “Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/10/08/employment-situation-september)

 

July 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.  It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains.” (LINK: http://www.whitehouse.gov/blog/2010/08/06/employment-situation-july)

 

August 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/09/03/employment-situation-august)

 

June 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/07/02/employment-situation-june)

 

May 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/06/04/employment-situation-may)

 

April 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/05/07/employment-situation-april)

 

March 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/04/02/employment-situation-march)

 

January 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/02/05/employment-situation-january)

 

November 2009: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2009/12/04/employment-situation-november)

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Re: Another Jobs Report FAIL - 8.2%
« Reply #48 on: July 06, 2012, 02:02:59 PM »
Obama: 30 months of excusing bad jobs numbers
 Washington Examiner ^ | 7/6/2012 | Byron York




The Obama White House says Americans should not “read too much into” the latest bad news from the jobs front.  Employers added just 80,000 new jobs in June — far fewer than needed for a healthy recovery — and the unemployment rate stayed at 8.2 percent.



Not long after the new figures were released, the White House sent out a statement from Alan Krueger, chairman of the Council of Economic Advisers.  Facing a bleak situation yet again, Krueger said, “It is important not to read too much into any one monthly report.”

If that sounds familiar, it is because that is what the Obama White House has said during month after month of troubling economic reports.  The White House has said it so often, in fact, that the Romney campaign has compiled a list of 30 — yes, 30 — examples, going back to November 2009, of the administration cautioning that Americans should not “read too much into” the latest bad economic news.  Here, from the Romney campaign, is that list:


June 2012: “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/07/06/employment-situation-june)

 

May 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/06/01/employment-situation-may)

 

April 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/05/04/employment-situation-april)

 

March 2012: “Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/04/06/employment-situation-march)

 

February 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/03/09/employment-situation-february)

 

January 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/02/03/employment-situation-january)

 

December 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2012/01/06/employment-situation-december)

 

November 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/12/02/employment-situation-november)

 

October 2011: “The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August’s jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/11/04/employment-situation-october)

 

September 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/10/07/employment-situation-september)

 

August 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/09/02/employment-situation-august)

 

July 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/08/05/employment-situation-july)

 

June 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/07/08/employment-situation-june)

 

May 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/06/03/employment-situation-may)

 

April 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/05/06/employment-situation-april)

 

March 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/04/01/employment-situation-march)

 

February 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/03/04/employment-situation-february)

 

January 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/02/04/employment-situation-january)

 

December 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/01/07/employment-situation-december)

 

November 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/12/03/employment-situation-november)

 

October 2010: “Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/11/05/employment-situation-october)

 

September 2010: “Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/10/08/employment-situation-september)

 

July 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.  It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains.” (LINK: http://www.whitehouse.gov/blog/2010/08/06/employment-situation-july)

 

August 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/09/03/employment-situation-august)

 

June 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/07/02/employment-situation-june)

 

May 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/06/04/employment-situation-may)

 

April 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/05/07/employment-situation-april)

 

March 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/04/02/employment-situation-march)

 

January 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/02/05/employment-situation-january)

 

November 2009: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2009/12/04/employment-situation-november)


Dang.   :-[

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Re: Another Jobs Report FAIL - 8.2%
« Reply #49 on: July 06, 2012, 02:04:32 PM »
Obama's Dismal Jobs Number
 Tea Party Tribune ^ | 2012-07-06 13:56:18 | 

By Mr. Curmudgeon




Here we are, at the midpoint of 2012, and unemployment - thanks to stimulus spending (and borrowed Chinese money) - stands at 5.6%. No, wait a minute, it's not! That was the rosy prediction by the smartest man on the planet back in 2009 - Barack Obama.

Friday's jobs report failed to move U.S. unemployment below its three-month 8.2% level. Of course, that Department of Labor Statistics' figure (classified U-3) does not include Americans who have run through their unemployment benefits and still cannot find work. The more accurate U-6 figure puts real U.S joblessness at 14.8%.

The smartest man on the planet greeted the news with upbeat enthusiasm, describing Friday's job numbers as a "step in the right direction." Needless to say, his remarks dovetail nicely with his previous statement declaring that the "private sector is doing fine."

That "fine" private sector produced a measly 80,000 jobs in May. To support Americas' growing population, our economy would have to produce around 250,000 a month.

"This was kind of disastrous," Jeff Savage, officer for Wells Fargo Private Bank, told CNBC, "We're not even keeping up with demographics at this point. This is not going to be liked in the markets.

The Dow Jones Industrials dropped 124 points.

At a campaign stop in Ohio, the smartest man in the world said that when he was elected back in 2008, he "didn't realize we were going to get hit by the worst economic crisis in most of our lifetimes ... for all the progress we've made, we've still got a long way to go."

The president's re-election organ, the New York Times, was uncharacteristically glum, "It is increasingly apparent what the economy will look like when President Obama faces voters in November: pretty much what it looks like today."

The Times is operating under the assumption that the smartest man in the world can't make things any worse than they are already.

They underestimate him.