Unemployment rate to 7.6%

yeah, at this pace Obama will be at George Bush levels in 2020. It is Morning in America

It is also great that the bulk of the jobs were temporary and hamburger flippers. It is good to see Obama's base getting back to work
 
I Love America said:
yeah, at this pace Obama will be at George Bush levels in 2020. It is Morning in America

It is also great that the bulk of the jobs were temporary and hamburger flippers. It is good to see Obama's base getting back to work
Click to expand...
Most klansman are poor like you!
 
175,000 will get the economy growing near 3 percent.
It's a really good number,, could be why the market is way up!
 
Topspin said:
175,000 will get the economy growing near 3 percent.
It's a really good number,, could be why the market is way up!
Click to expand...

Its an ok number, the better number in the report is labor participation going up. The 175k jobs is not enough to keep pace with growth in the labor force. A 3% growth rate is a bit optimistic... not saying it can't happen, but that pace is more indicative of 2-2.25%. We need to see 250k-300k jobs per month for 6-9 months to get unemployment down under 6%. That will improve tax revenues, help reduce the deficit spending and increase consumer spending to the point that we could see 3+% growth again.
 
I Love America said:
yeah, at this pace Obama will be at George Bush levels in 2020. It is Morning in America

It is also great that the bulk of the jobs were temporary and hamburger flippers. It is good to see Obama's base getting back to work
Click to expand...

George Bush levels?

You mean the President who presided over the crash that led to the massive job loss?

What a silly thing to say.
 
Superfreak said:
Its an ok number, the better number in the report is labor participation going up. The 175k jobs is not enough to keep pace with growth in the labor force. A 3% growth rate is a bit optimistic... not saying it can't happen, but that pace is more indicative of 2-2.25%. We need to see 250k-300k jobs per month for 6-9 months to get unemployment down under 6%. That will improve tax revenues, help reduce the deficit spending and increase consumer spending to the point that we could see 3+% growth again.
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SF gets one right! Not only that, but the influx of high school and college students had something to do with these numbers too.

T
 
Howey said:
SF gets one right! Not only that, but the influx of high school and college students had something to do with these numbers too.

T
Click to expand...

what role do high school and college kids play in the numbers? I've not read one article on the jobs report that has referenced them.
 
cawacko said:
what role do high school and college kids play in the numbers? I've not read one article on the jobs report that has referenced them.
Click to expand...

I believe they would fall into the "return to job market" category.


http://blogs.wsj.com/economics/2013/06/07/five-takeaways-from-jobs-report/


Consumers stay strong. As they have for much of the past year, consumers helped drive the recovery in May. Retailers added 28,000 jobs and restaurants added 38,000. Other sectors were weaker: Manufacturers cut jobs for the third month in a row, and the construction sector, despite the strong rebound in housing, added a modest 7,000 jobs. The public sector, meanwhile, once again cut jobs, with losses at the federal and state level offsetting growth in local governments.

Cautious signs of confidence. There are scattered signs that the job market’s recent consistency is giving some confidence to both employers and workers. The number of unemployed workers rose by 101,000, but because more people quit jobs or re-entered the job market, not because of an increase in layoffs. Companies added temporary workers for the eighth consecutive month, which often suggests an increase in permanent hiring in the months ahead. Average hourly wages ticked up slightly, too, and the number of people stuck working part time because they couldn’t find full-time jobs edged lower.
Click to expand...
 
cawacko said:
what role do high school and college kids play in the numbers? I've not read one article on the jobs report that has referenced them.
Click to expand...

PT jobs is one area... tend to see a pick up in hiring for summer jobs for college and high school kids. I have not seen though a breakdown to suggest how much of it took effect this month. I would think it would more an influence for Junes numbers that are reported in July.
 
Thing1 said:
George Bush levels?

You mean the President who presided over the crash that led to the massive job loss?

What a silly thing to say.
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The crash happened after the dems retook Congress. When the GOP had Congress, unemployment was at 4.5% and the deficit was $150 billion

That's a fact Jack. Open your limited mind
 
I Love America said:
The crash happened after the dems retook Congress. When the GOP had Congress, unemployment was at 4.5% and the deficit was $150 billion

That's a fact Jack. Open your limited mind
Click to expand...

Another Bush apologist. The innocent bystander President.

So, let's have some causality. What did the Democrats pass when they took control that had such an immediate negative effect on the economy? And was it something Bush signed, or did they sneak it past him?
 
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