Employers cut jobs for sixth straight month

[uscitizen]

Employers cut jobs for sixth straight month
By JEANNINE AVERSA
AP Economics Writer

WASHINGTON --
Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent.

http://www.kentucky.com/522/story/450063.html

Hmm 6 months of job cutting, more people entering the job market, but the unemployment rate holds steady....

[Cancel3]

Employers cut jobs for sixth straight month
By JEANNINE AVERSA
AP Economics Writer

WASHINGTON --
Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent.

http://www.kentucky.com/522/story/450063.html

Hmm 6 months of job cutting, more people entering the job market, but the unemployment rate holds steady....

Probably for the same reason that a historic low in the home construction business caused only a minor blip on the unemployment radar. The illegal immigrant is not counted in the unemployment figures.

[uscitizen]

Maybe so Sol, but this just does not add up. Smells of book cooking of some sort.

[Topspin]

the sky is falling 5.5% holly shit

[Onceler]

the sky is falling 5.5% holly shit

Why is it that you're allowed to post bad economic news, but when anyone else does, they're chicken little?

Where are the rules on that?

[uscitizen]

I have lost faith in the official unemployment numbers.

[Cancel3]

I have lost faith in the official unemployment numbers.

Trusting in the federal government is not a sign of a smart person.

If I am not mistaken, they get the numbers from who collects or file for unemployment.

If you are unemployed for longer than you get an unemployment check, are you still counted as unemployed or do they magically think you are now employed.

[uscitizen]

Sol, I have been told on here it is a survey. but I have never known of anyone who has been contacted for it.

[Topspin]

Why is it that you're allowed to post bad economic news, but when anyone else does, they're chicken little?

Where are the rules on that?

because I post good and bad.

[Obfuscate]

[uscitizen]

Ob, not for long for that guy, bush said he is sending more troops to Afganistan.

[Socrtease]

Go here http://www.bls.gov/cps/cps_htgm.htm and you can learn directly from Bureau of Labor Statistics exactly how unemployment figures are calculated. But as Top sort of abrasively put it, 5.5% is not a crisis. Matter of fact, in a free market, it is full employment.

[Blackwater Lunchbreak]

Go here http://www.bls.gov/cps/cps_htgm.htm and you can learn directly from Bureau of Labor Statistics exactly how unemployment figures are calculated. But as Top sort of abrasively put it, 5.5% is not a crisis. Matter of fact, in a free market, it is full employment.

This is not reflection of the quality of jobs though. More jobs is not so great when you have to have five of them to feed yourself. Corporate short term vision, outsourcing, and h1b visas are destroying the lives of many americans. But what do you care? right?

[Cancel3]

Go here http://www.bls.gov/cps/cps_htgm.htm and you can learn directly from Bureau of Labor Statistics exactly how unemployment figures are calculated. But as Top sort of abrasively put it, 5.5% is not a crisis. Matter of fact, in a free market, it is full employment.

Thats true, 5.5% is pretty much full employment.

I think USC's point was that companies keep cutting jobs but the unemployment rate doesn't change.

[Topspin]

asshat your hungry?