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:

The U-6 level has dropped relatively little in this recovery.  In 1994, a much lower level contributed to a landslide Republican midterm victory.  In 2004, George W. Bush was considered vulnerably on the economy with a much lower U-6 level — remember the Democratic Party nominee John Kerry pontificating about the “jobless recovery”?  With the U-6 ticking back upward and the civilian population participation rate flatlining near its 30-year low, this indicates that American voters may be itching for a big change in economic policy.

Update V: In case you missed the news when it broke, here’s what it looked like:

John Harwood points out that the public sector only lost 4,000 jobs, so the problem is not a lack of government jobs, contra Obama.


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Rich Lowrey of National Review now on FOX suggesting that GOP will just tweak commie care.

Folks ROMNEY and the GOP are not going to repeal it so get use to it.

bgibbs1000 on July 6, 2012 at 10:20 AM

of course he won’t unless he knows to not do so will cost him his job in another 4 years. The elites want obamacare/romneycare as the law of the land. They get the death panels, the control over the masses, the ability to bend the cost curve down by deny people care. The ability to kill off grandma and grandpa.

The only way the elites will ever repeal obamacare is if they are aware the failure to do so will cost them their jobs and their wealth.

unseen on July 6, 2012 at 10:24 AM

Because this is one issue Obama owns 100% He can’t blame Bush for this one!

pilamaye on July 6, 2012 at 9:04 AM

Watch him. And recent polling says he is getting away with it

ChrisL on July 6, 2012 at 10:24 AM

You also don’t have any refineries due to policy decisions and thus have to pay a premium for long transportation routes for your fuel.

KW64 on July 6, 2012 at 10:17 AM

Totally true! But the taxes are something else up here. I don’t know the rate on a gallon of gasoline but, being a smoker, the tax on a pack of cigarettes is $4.35–literally half of my total cost.

My point is that, if government is going to have ‘hearings’ about the price of fuel, they could save a lot of time and money by cutting the tax and making our lives easier.

I know, I know–that happening is like believing unicorns exist and also poop Skittles.

Liam on July 6, 2012 at 10:24 AM

White House Spokesman Pookie Jackson Choom :”Shut up racists. 8.2% unemployment is the lowest unemployment rate in American History. Under Mitt Crow, unemployment would be 911%.”

CorporatePiggy on July 6, 2012 at 10:24 AM

Chucky T doing the NBC hear no evil dance…btw, what about health care..?

d1carter on July 6, 2012 at 10:25 AM

Flora Duh on July 6, 2012 at 10:23 AM

heh

cmsinaz on July 6, 2012 at 10:25 AM

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

…ONE THIRD!

KOOLAID2 on July 6, 2012 at 10:25 AM

bayview on July 6, 2012 at 10:18 AM

Since December, the US Navy has moved to bolster its presence in the Gulf.
Four mine sweeper ships are due to arrive in the area Saturday, joining four other mine sweeping vessels already in the region, according to the Fifth Fleet.
The Navy also has MH-53 Sea Stallion helicopters stationed in Bahrain, home to the Fifth Fleet headquarters.
The USS Ponce, an old amphibious warship that has been converted into a “floating base,” departed Norfolk, Virginia on June 1 and is scheduled to arrive in the Gulf at the end of June or the beginning of July, the Fifth Fleet said. The ship is supposed to support counter-mine operations and coastal patrols.

The Iranians claim they can destroy U.S, Military bases in the region. I doubt seriously we aren’t prepared to knock down anything the Iranian’s send up. Unlike the Iranians we already have nuclear capabilities.

Dr Evil on July 6, 2012 at 10:26 AM

jimver… I was on your side.Sorry if it seemed otherwise…

sandee on July 6, 2012 at 10:11 AM

That’s ok, sorry if I misinterpreted it, just saw my comment there detached from its context (the other post I was responding to) and I thought you were using my own words to send a sarc comment in my direction or something…

jimver on July 6, 2012 at 10:26 AM

chuck todd previewing the new obama slog

obama optimism, romney pessimism. and they have only just begun.

renalin on July 6, 2012 at 10:26 AM

Watch him. And recent polling says he is getting away with it

ChrisL on July 6, 2012 at 10:24 AM

Fortunately Bush isn’t running this year. Even if people blame Bush we can still hammer Obama for it. If it is Bush’s fault then it’s obvious at this point that Obama is not capable or unwilling of fixing it.

gwelf on July 6, 2012 at 10:27 AM

Unlike the Iranians we already have nuclear capabilities.

Dr Evil on July 6, 2012 at 10:26 AM

u sure about that? Obama seems to be hellbent on disarming those USa nukes as fast as he can

unseen on July 6, 2012 at 10:27 AM

Watching RINO Romney and so far not one word from him about how commie care also is preventing job creation.

bgibbs1000 on July 6, 2012 at 10:06 AM

Did I watch a different speech? He specifically addressed that in the question about RomneyCare vs ObamaTaxAct.

gophergirl on July 6, 2012 at 10:28 AM

mitt says obama promised to keep the unemployment rate below 8 percent. the libs are going to love that clip, because come november i can guarantee its going to be below 8%.

renalin on July 6, 2012 at 10:24 AM

I think they predicted it would be around 5% now…

Wagthatdog on July 6, 2012 at 10:28 AM

Fortunately Bush isn’t running this year. Even if people blame Bush we can still hammer Obama for it. If it is Bush’s fault then it’s obvious at this point that Obama is not capable or unwilling of fixing it.

gwelf on July 6, 2012 at 10:27 AM

Seems like an idiot would be smart enough to cause this much trouble…

Wagthatdog on July 6, 2012 at 10:29 AM

The beatings will continue until morale improves…

PatriotRider on July 6, 2012 at 10:31 AM

So why – WHY – in God’s name do blacks continue to support this man when he has failed THEM more than any demographic group in this nation?

You ASSUME they WANT to work. Why work a job and get paid and watch some bozos take 30% of your income? When you can sell crack on the corner for CASH. Or steal other peoples stuff for again, CASH. No taxes.

You have to conclude that that 14% is unemployable by any means, because Obama simply has to say that the Gov can only hire blacks, and they’d ALL have a good paying gubment job.

In conclusion lets contemplate the best, free and most affluent African Nations….Liberia? Rwanda? South Africa? Nigeria? Somalia? Tunisia?

Finally, study all socialist, communist takeovers…its a WORKERS paradise, not a sit on your azz paradise, the lazy, weak, and infirm are ELIMINATED.

orbitalair on July 6, 2012 at 10:31 AM

@DRUDGE_REPORT 780,000 Fewer Women Employed Under Obama… http://t.co/z9Sn07oO

#WarOnWomen

Flora Duh on July 6, 2012 at 10:31 AM

how can Blacks continue to support Obama when they already suffer from a higher unemployment percentage than Hispanics and as Ed pointed out, Obama wants to make more Hispanic eligible for what few jobs there are.

Because they don’t want jobs? Hoping for more freebies?

katablog.com on July 6, 2012 at 10:32 AM

Did I watch a different speech? He specifically addressed that in the question about RomneyCare vs ObamaTaxAct.

gophergirl on July 6, 2012 at 10:28 AM

Yes he answered a reporter’s question but said nothing about commie care being a job killer in his prepared remarks. That tells me more about where he stands than anything.

bgibbs1000 on July 6, 2012 at 10:32 AM

so the lsm is bashing mitt for not being specific enough nevermind Mr Rhetoric in Chief who never gives specifics…

cmsinaz on July 6, 2012 at 10:32 AM

Well, it’s better than the 10% unemployment he inherited from Bush. -Waxman

Wagthatdog on July 6, 2012 at 10:18 AM

He inherited a 7-7.5% unemplyment rate. Sorry but blame Bush wore out a long time ago. Keep drinking the koolaid if you want, but Obama’s first term was a disaster and a second term would be suicide.

bopbottle on July 6, 2012 at 10:32 AM

It’s something I’ve been concerned about for a while. Will enough Americans accept this level of mediocrity as the new normal? One would hope people would want better for themselves, but who the hell knows when you’ve got so many damn leechers out there?

Regardless, to any sane, informed person, this latest jobs report is a disaster. We’re definitely mired in a stagnant economy that isn’t growing at all. The contrast in the two choices in November couldn’t be more stark.

Doughboy on July 6, 2012 at 8:45 AM

The Normal Bias has beena concern of mine as well. The human psyche can only take so much before it has to adjust perception to reduce stress. That kind of thing kills societies.

Coolidge_Conservative on July 6, 2012 at 10:33 AM

White House Spokesturd: Everything is fine. We’re growing. Americans are happy. These are not the droids you are looking for.

Punchenko on July 6, 2012 at 9:54 AM

You forgot, “We have always been at war with Eastasia.”

Shadow on July 6, 2012 at 10:33 AM

It’s all global cooling… uhh warming’s fault, and Bush… Mitt’s Swiss accounts, and the dog ate… uhh… those Tea Partiers and White Rich Men… (please note that the depression stated as soon as the market figured out that this anti-American turd would be in the WH for at least 4 years)…

The recovery starts when we flush him out in Nov… and not a minute sooner. Bet on it.
-

RalphyBoy on July 6, 2012 at 10:33 AM

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

…ONE THIRD!

KOOLAID2 on July 6, 2012 at 10:25 AM

Interns are considered temp hires too, my organization hires quite a few of those during summer as a rule, by Sep they are all gone…so now intern hiring helps Barry’s infamous ‘recovery summer’ m what can I say, great, way to ad jobs to the depressed economy….wonder what are hey going to come up with in the fall report, when all interns are out of the job market again…

jimver on July 6, 2012 at 10:34 AM

mitt says obama promised to keep the unemployment rate below 8 percent. the libs are going to love that clip, because come november i can guarantee its going to be below 8%.

renalin on July 6, 2012 at 10:24 AM

You guarantee that? Who are you but a whiny, sore loser? A know nothing that has nothing but pessimism to offer. You are a great example of the leeches that infest political discourse.

Vince on July 6, 2012 at 10:34 AM

u sure about that? Obama seems to be hellbent on disarming those USa nukes as fast as he can

unseen on July 6, 2012 at 10:27 AM

That’s what Obama part deux is for :)

Right now Obama’s wearing down the Iranian leadership’s morale. All the Iranians can do is beat their chest over the sanctions, and the oil speculators use it to manipulate the price of a barrel of oil.

This is something Obama’s an expert at – degrading large populations morale.

Dr Evil on July 6, 2012 at 10:35 AM

The beatings will continue until morale improves…

PatriotRider on July 6, 2012 at 10:31 AM

And the Obama administration is implementing this motivational tool over multiple continents.

Dr Evil on July 6, 2012 at 10:37 AM

You guarantee that? Who are you but a whiny, sore loser? A know nothing that has nothing but pessimism to offer. You are a great example of the leeches that infest political discourse.

Vince on July 6, 2012 at 10:34 AM

I’ll guarantee it also. They have set up the scenario to forge the numbers just enough so hteir forgery will show the unemployment number going down between now and election day. My guess is they will forge it down to 7.6%.

bgibbs1000 on July 6, 2012 at 10:38 AM

Well, it’s better than the 10% unemployment he inherited from Bush. -Waxman

Wagthatdog on July 6, 2012 at 10:18 AM

He inherited a 7-7.5% unemplyment rate. Sorry but blame Bush wore out a long time ago. Keep drinking the koolaid if you want, but Obama’s first term was a disaster and a second term would be suicide.

bopbottle on July 6, 2012 at 10:32 AM

You might want to read Wagthatdog’s comment again. Then offer a mea culpa.

Flora Duh on July 6, 2012 at 10:38 AM

If only GM had done that before the UAW profited from driving them into the arms of the government,….

Steve Eggleston on July 6, 2012 at 9:55 AM

The UAW allows it, now, because they are ownership and they have come to realize that they cannot continue to pay new hires what their contracts had required.

Nathan_OH on July 6, 2012 at 10:39 AM

Because they don’t want jobs? Hoping for more freebies?

katablog.com on July 6, 2012 at 10:32 AM

There was a black caller on Michael Rinoved’s radio show yesterday who was asked what Pookie has done for blacks. He said ‘lots’ but when pushed he failed to name anything.

Blacks are going to vote for a semi-black man because he’s practically a black man and you got to stay with your color. That’s the long and the short of it and yes it is racist of some blacks to vote simply on the basis of color.

CorporatePiggy on July 6, 2012 at 10:39 AM

Analyze all you want, but I know what I see. I see people working temp jobs because they don’t want lose their unemployment. When unemployment runs out, I have seen people go on disability claiming clinical depression. I see businesses hiring part-time instead of full-time. My company has two full-time positions with overtime open right now, and the response to the ads has averaged 1 application per day. We have two people on workman’s comp due to pre-existing back problems that we can’t hire over due to government regulations. It is very difficult to get workman’s comp employees back to work because they receive full pay. If they have kids, they can cancel child care, save money on gasoline, etc. It’s only when we get them back on light duty and they spend each day shredding paper that they decide to come back, but they have to be released by their doctor, and sometimes, that is hard to get.

I believe most people want to work, but I also believe people will do what they have to do to survive.

lea on July 6, 2012 at 10:40 AM

The beatings will continue until morale improves…

PatriotRider on July 6, 2012 at 10:31 AM

No, no; that was Roberts opinion on Obamacare.

lorien1973 on July 6, 2012 at 10:40 AM

Vince on July 6, 2012 at 10:34 AM

pom poms get a bit ruffled? put some big boy pants on and open your eyes. obamacare just threw out our constitution and is now the law of the land.
romney has a one note campaign, now hinging on the promise that the unemployment rate doesn’t get below 8 percent?

you think a chicago politician isn’t going to be licking his chops?

renalin on July 6, 2012 at 10:41 AM

Nothing in Romney’s prepared remarks about commie care and it being a job killer. It took a reporter’s question for him to say anything. We are screwed.

bgibbs1000 on July 6, 2012 at 10:42 AM

85,000 dropped out of the work force and went on Social Security Disability in June. Now that is a record to run on!

bopbottle on July 6, 2012 at 10:42 AM

And Obama is bragging about it !

democratsarefools on July 6, 2012 at 10:42 AM

Obama is worse than Carter.

SparkPlug on July 6, 2012 at 10:42 AM

This, IMO, is the cliched game-changer.

Disability Ranks Outpace New Jobs In Obama Recovery

The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration.

This is the first time I can recall it surpassing jobs created.

FYI – long-time unemployed eventually move to disability payrolls as they find a way to qualify and unemplyment runs out. These are 99 weekers, mostly in their 50′s.

The problem with disability is no matter how you qualify, the general rules are the same. If you end up with the wrong job, even part-time, you’ll lose your disability.

So the ROE incentives, like unemployment, are backwards and put people in a state of employment paralysis.

budfox on July 6, 2012 at 10:43 AM

We have to be patient, it’s only been about four years. Now with Reagan and Bush they weren’t even given the first year, but you can’t expect a psychotic media to be fair.
Unbelievable, speaking of psychotic, but the Obama hacks are still talking the 2008 “worst recession” line, “it takes time” thing. Funny but the Democrats controlled both Houses of Congress in 2007/08, where btw Obama was.

arand on July 6, 2012 at 10:44 AM

“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,

wh spin vis politico….

bet we’ll hear the same thing from dippity do and the rest of the dems….

cmsinaz on July 6, 2012 at 10:45 AM

You guarantee that? Who are you but a whiny, sore loser? A know nothing that has nothing but pessimism to offer. You are a great example of the leeches that infest political discourse.

Vince on July 6, 2012 at 10:34 AM

I’ll guarantee it also. They have set up the scenario to forge the numbers just enough so hteir forgery will show the unemployment number going down between now and election day. My guess is they will forge it down to 7.6%.

bgibbs1000 on July 6, 2012 at 10:38 AM

Oh, lookie, another Oracle of Delphi who can predict the future (in his head, if this makes a difference :)…

jimver on July 6, 2012 at 10:45 AM

Unemployed college grads looking for work never get counted anywhere either…right?

Seems to me that anyone who is making excuses for and supporting O at this point would be just as content on a flight where the pilot decided to take a nice long nap.
Going out to get more people to help storm the d@mn cockpit today. I want off this ride.

lynncgb on July 6, 2012 at 10:45 AM

You guarantee that? Who are you but a whiny, sore loser? A know nothing that has nothing but pessimism to offer. You are a great example of the leeches that infest political discourse.

Vince on July 6, 2012 at 10:34 AM
I’ll guarantee it also. They have set up the scenario to forge the numbers just enough so hteir forgery will show the unemployment number going down between now and election day. My guess is they will forge it down to 7.6%.

bgibbs1000 on July 6, 2012 at 10:38 AM

You guarantee it? Based on what?

They would need 4 straight months of 200,000+ jobs to get below 8%. What exactly causes you to think that’s likely? If anything the jobs #’s are gonna get worse this month because employers will be factoring in the ObamaTax news.

Winners think like winners, losers think like losers.

jaygatz33 on July 6, 2012 at 10:46 AM

renalin on July 6, 2012 at 10:41 AM

Like I said, whiny, pessimism and nothing to offer. What is your solution?

Vince on July 6, 2012 at 10:46 AM

He inherited a 7-7.5% unemplyment rate. Sorry but blame Bush wore out a long time ago. Keep drinking the koolaid if you want, but Obama’s first term was a disaster and a second term would be suicide.

bopbottle on July 6, 2012 at 10:32 AM

I was referring to the Congressman that DID say Bush left office with 10% unemployment. I think it was Waxman.

If you overstate what Obama inherited it makes it easier to run on the narrative things are improving.

Should have made it easier to understand.

Wagthatdog on July 6, 2012 at 10:47 AM

Nothing in Romney’s prepared remarks about commie care and it being a job killer. It took a reporter’s question for him to say anything. We are screwed.

bgibbs1000 on July 6, 2012 at 10:42 AM

Today is 7/6/12. It’s gonna be a long hot summer. You should try and relax a little bit and figure out ways to help get the trash that is in the WH OUT!

VegasRick on July 6, 2012 at 10:47 AM

One other note.

Those who went on unemployment roughly, in July/August 2010, are now moving to disability.

It’s retiring more Boomers at a faster rate than anticipated.

It’s another factor as to how the 8.2% doesn’t budge

budfox on July 6, 2012 at 10:47 AM

http://www.newsmax.com/Politics/waxman-us-economy-depression/2012/07/02/id/444237

Here it is, it was Waxman.

Wagthatdog on July 6, 2012 at 10:49 AM

renalin on July 6, 2012 at 10:41 AM

Like I said, whiny, pessimism and nothing to offer. What is your solution?

Vince on July 6, 2012 at 10:46 AM

Looks like you stirred the hive of mentals…two are here already, wait till fhe rest of the pack shows up…the fun is not complete without gargoyle 101 though :)…

jimver on July 6, 2012 at 10:50 AM

Off the ZeroHedge Twitter feed:

Birth Death: 124,000

To wit – 124,000 of the 189,000 seasonally-unadjusted jobs gains are due to the BLS estimate of newly-created businesses versus newly-shuttered businesses. It’s necessary because a particular employment location needs to be around for 6 months before it could be included in the Current Employment Statistics survey.

How much of that is real and how much of that is BS? That’s something we won’t know for sure until December when the 2Q2012 Quarterly Census of Employment and Wages is released. The CPS did indicate the number of employed increased by 128,000, so take that for what it’s worth.

Steve Eggleston on July 6, 2012 at 10:50 AM

Here it is, it was Waxman.

Wagthatdog on July 6, 2012 at 10:49 AM

I’ll take your word for it. Cannot watch nostrilman.

VegasRick on July 6, 2012 at 10:51 AM

The UAW allows it, now, because they are ownership and they have come to realize that they cannot continue to pay new hires what their contracts had required.

Nathan_OH on July 6, 2012 at 10:39 AM

Is it any wonder the UAW’s unofficial motto is Possedi mea (roughly translated – “I got mine”)?

Steve Eggleston on July 6, 2012 at 10:54 AM

I’m voting for Romney. Not my choice, and I would not, if there was a legitimate choice left. Last week was not a comforting sign, his campaign allowing a spokesperson to “misfire” like that. Mitt has got to focus his message. We are still a Center-Right country, not a Center-Center one. He has to emphasize putting Americans back to work, and drop the corporate tax rate to allow American corporations to actually **gasp** employ AMERICANS, not guys answering phones in India.

kingsjester on July 6, 2012 at 10:55 AM

Flora Duh – according to the BLS the January 09 number was 7.8% – the inauguration month. When Obama was elected the number for Nov was 6.8%.

Zomcon JEM on July 6, 2012 at 10:55 AM

renalin on July 6, 2012 at 10:41 AM

Like I said, whiny, pessimism and nothing to offer. What is your solution?

Vince on July 6, 2012 at 10:46 AM

Absinthe, with a Hemlock chaser?

Del Dolemonte on July 6, 2012 at 10:55 AM

This was summer hire jobs too, bartenders, waitresses, bus boys, parasailing, it’s bull crap jobs for college kids and some grown ups. We haven’t seen anything yet, wait till the jobs count obamacare in. It will only get worse.

Conservative4ev on July 6, 2012 at 10:56 AM

The idiot is on tv now, talking about grilling on the 4 th of July.

Conservative4ev on July 6, 2012 at 10:57 AM

I don’t believe for an instant that Mitt and the Pubs will repeal O-care. I hope they will, but hope doesn’t require I hold my breath.

I believe Obow is trying to set us up for a war with Iran, either for him to play with during a second term or getting us in so deep that if Romney wins and has to launch a strike, the Dems will blame a Pub administration for a later political win (the Bay of Pigs was originally planned under Ike).

Racist as this may sound–and I don’t care–blacks will still overwhelmingly vote for Obama again. Not because they want freebies, but because he isn’t totally white. Street thugs don’t vote much anyway, but those blacks who have jobs and make an honest living just want a black in the White House. I mean, really–Colin Powell cast for Obama even though Powell had a great military career and was very successful (Affirmative Action probably playing a part) and claims to be Republican. What other reason could he have had for voting in favor of Obama?

I prefer being optimistic and remain such. But unless we get a handle on our government again, there is a lot of bad coming down the pike.

Liam on July 6, 2012 at 10:58 AM

Barbequed dog…mighty tasty./

kingsjester on July 6, 2012 at 10:58 AM

Nothing in Romney’s prepared remarks about commie care and it being a job killer. It took a reporter’s question for him to say anything. We are screwed.

bgibbs1000 on July 6, 2012 at 10:42 AM

“When three-quarters of small businesses say that ObamaCare is keeping them from hiring,” Romney replied, “it shows that
President Obama has put his liberal agenda ahead of job creation”

Give it a phucking rest. And let me guess..if it was in his prepared remarks you would have been belly-aching why he didn’t bring it up in his answers to reporters. Your political pontifications are about as useful and interesting as the dump I took this AM.

HumpBot Salvation on July 6, 2012 at 10:59 AM

Had to just turn off FOX news right now cause the White House commie is speaking. Just the sight of him makes me sick.

bgibbs1000 on July 6, 2012 at 10:59 AM

The idiot is now talking about eating a lot, anything but jobs, now he is ya
King about all nonsense on tv, and Washington politics is petty. This is pathetic.

This election the idiot says is about 2 different visions.

Conservative4ev on July 6, 2012 at 11:00 AM

First.

Lot o’ Romney hate here today, don’t you at least want to give the man his day in the sun before declaring the USA cooked and over?

Bishop on July 6, 2012 at 11:03 AM

“When three-quarters of small businesses say that ObamaCare is keeping them from hiring,” Romney replied, “it shows that
President Obama has put his liberal agenda ahead of job creation”

Give it a phucking rest. And let me guess..if it was in his prepared remarks you would have been belly-aching why he didn’t bring it up in his answers to reporters. Your political pontifications are about as useful and interesting as the dump I took this AM.

HumpBot Salvation on July 6, 2012 at 10:59 AM

What a pathetic defense. He brought up everything else in his prepared remarks and how they are job killers but not a word in those remarks about the biggest job killer commie care. It took a reporter to get him to say anything about commie care, the biggest job killer of all. Can’t wait to see you spin it when the GOP takes over in January and there is no repeal of commie care.

bgibbs1000 on July 6, 2012 at 11:05 AM

Mort Zuckerman: ObamaCare cost Americans 2 million jobs…Go Barry!

d1carter on July 6, 2012 at 10:23 AM

More than that. It’s closer to 10 to 12 million jobs.

George W. Bush “inherited” the Dot Com Bust and the 9/11/2001 attacks, both of which hurt the economy. Under Bush and the Republican Congress, the Employment-population ratio reached a low point of 62.0% in September 2003.

Then, the second half of the Bush Tax Cuts (passed in 2003) started to kick in, and both the Employment-Population ratio and Total Receipts (Revenues) from taxes went UP, EVERY SINGLE YEAR, until… the Democrats took control of both houses of Congress in January 2007.

The last month of the Republican House, Republican Senate, and Republican President was December 2006. The Employment-population ratio (for those age 16 years and over) was 63.4%.

Then, under majority-Democrat control, the recovery stalled, then crashed, and we have now gone 40 straight months (three years, four months) with the Employment-Population ratio at or below 59.9%, including the last 34 straight months (three years, four months) with the Employment-Population ratio at or below 58.7%, and

The Bush Tax Cuts brought real recovery. The Democrats have brought nothing but misery.

The average employment-population ratio over the entire pResidency of Barack Obama (Jan 2009 – June 2012) has been 58.7%.

Democrats talk about “jobs created” under Obama since the low point, (giving Bush all the blame for job losses and Obama all the credit for job creation), but they will never talk about how the average Employment-Population Ratio over the entire 8 years of the Bush Presidency averaged 62.7%, while the average under the pResidency of Barack H. Obama has been a full 4 percentage points lower: 58.7%.

If the population aged 16 years and over is approximately 250 Million people, then each 1% represents about 2.5 Million jobs.

Those 4 percentage points equate to about 10 Million jobs.

The Obama administration would have to find a way to create 10 Million new jobs just to get back to the average level of employment under the Bush Presidency.

And if you want to get back to where things were when the Democrats took majority control in January 2007, we’d need about 12 Million new jobs. The Employment-Population Ratio was almost 5 points higher in December 2006 (63.4%) than it is now (58.6%), and that difference, (4.8%), times the approximate number of jobs per 1% (2.5 Million jobs per 1%) = 12 million jobs!

Democrats drove us into the ditch when they took over majority control in 2007, drove us deeper into the ditch when they gained absolute control in 2009, and we’ve stayed in the ditch ever since.

To get out of the ditch, we need “REVERSE”, not “FORWARD”.

ITguy on July 6, 2012 at 11:05 AM

This better hurt Obama in the pols. If this dose not cut through the malaise of this campaign season then we really deserve what we get.

BoxHead1 on July 6, 2012 at 11:06 AM

It is so predictable, but you just know that the lapdog media and Obama are going to spin the “unchanged” 8.2% rate as a plus that his policies are keeping his inherited mess from getting worse and unemployment is now leveling off and “soon” to be on the way down. I won’t be surprised if it magically is reported as under 8% by October!

Decoski on July 6, 2012 at 11:07 AM

250K is breaking even, so 80K is negative growth….period.

lilium479 on July 6, 2012 at 11:08 AM

This comment is about jobs, but somewhat OT as well:

The CBS Boston web site has an article (found on Drudge) about a man who paid off his mortgage with 800 pounds of pennies.

Stories such as that one make me so angry! Whenever anyone pulls that kind of stunt, do they think the owner of the bank, or the people who set the mortgage rates, will be the ones spending hours putting those pennies into rolls?

No — it will be the tellers, or the secretaries, or other low-on-the-totem-pole people.

Not long ago, some guy paid off a medical bill the same way. While he was chortling about his clever protest, some poor gal or guy had to roll up all of those coins, while falling farther behind in their daily work.

There is a lot to protest about these days, but let’s remember the workers who have to clean up the mess.

KyMouse on July 6, 2012 at 11:10 AM

It is so predictable, but you just know that the lapdog media and Obama are going to spin the “unchanged” 8.2% rate as a plus that his policies are keeping his inherited mess from getting worse and unemployment is now leveling off and “soon” to be on the way down. I won’t be surprised if it magically is reported as under 8% by October!

Decoski on July 6, 2012 at 11:07 AM

I’m predicting 7.6% by election time. Todays numbers are setting the stage for a 4 months of fraudulent data leading up to election day.

bgibbs1000 on July 6, 2012 at 11:11 AM

Flora Duh – according to the BLS the January 09 number was 7.8% – the inauguration month. When Obama was elected the number for Nov was 6.8%.

Zomcon JEM on July 6, 2012 at 10:55 AM

Odd how things really went south right after that election huh?

Wagthatdog on July 6, 2012 at 11:14 AM

bgibbs1000 on July 6, 2012 at 11:11 AM

absolutely

renalin on July 6, 2012 at 11:14 AM

It is so predictable, but you just know that the lapdog media and Obama are going to spin the “unchanged” 8.2% rate as a plus that his policies are keeping his inherited mess from getting worse and unemployment is now leveling off and “soon” to be on the way down. I won’t be surprised if it magically is reported as under 8% by October!

Decoski on July 6, 2012 at 11:07 AM

At washingtonpost.com, Ezra Klein already has a post linked to the home page: “Today’s jobs report in one word: Unchanged.” There’s your talking point for the rest of the day, and the synopsis for people who don’t want to be bothered reading the actual jobs report.

rockmom on July 6, 2012 at 11:15 AM

KyMouse on July 6, 2012 at 11:10 AM

Righteous anger, man!

Uhhh….oh…..

So he started counting his change and rolling his pennies.

“One thing led to another and all of a sudden there’s a serious amount of rolls of pennies,” he says

Bishop on July 6, 2012 at 11:16 AM

This comment is about jobs, but somewhat OT as well:

The CBS Boston web site has an article (found on Drudge) about a man who paid off his mortgage with 800 pounds of pennies.

Stories such as that one make me so angry! Whenever anyone pulls that kind of stunt, do they think the owner of the bank, or the people who set the mortgage rates, will be the ones spending hours putting those pennies into rolls?

No — it will be the tellers, or the secretaries, or other low-on-the-totem-pole people.

Not long ago, some guy paid off a medical bill the same way. While he was chortling about his clever protest, some poor gal or guy had to roll up all of those coins, while falling farther behind in their daily work.

There is a lot to protest about these days, but let’s remember the workers who have to clean up the mess.

KyMouse on July 6, 2012 at 11:10 AM

181 pennies in a pound = $1,448.00. Either that’s his monthly payment or he planned his last payment to be with those pennies.

bgibbs1000 on July 6, 2012 at 11:16 AM

The idiot is on tv now, talking about grilling on the 4 th of July.

Conservative4ev on July 6, 2012 at 10:57 AM

5% unemployment Bush-granny is eating dog food

8.2% unemployment Obama-families enjoying the holiday without the stress of work.

Wagthatdog on July 6, 2012 at 11:16 AM

250K is breaking even, so 80K is negative growth….period.

lilium479 on July 6, 2012 at 11:08 AM

Yep, don’t see how one can spin this otherwise…

jimver on July 6, 2012 at 11:16 AM

obama talking about his childhood. on a greyhound bus,staying in a howard johnson.

yep, the unemployment rate in october will be closer to 7. combine that with amnesty and forgiving student loans. the party has just begun.

renalin on July 6, 2012 at 11:17 AM

mitt says obama promised to keep the unemployment rate below 8 percent. the libs are going to love that clip, because come november i can guarantee its going to be below 8%.

renalin on July 6, 2012 at 10:24 AM

According to you, the promise was to KEEP unemployment under 8%, not for it to dip below 8% a few months before the election.

I have no problem with Romney critics, but it would be good if you could stop just pulling things out of your butt to complain about.

Night Owl on July 6, 2012 at 11:17 AM

Had to just turn off FOX news right now cause the White House commie is speaking. Just the sight of him makes me sick.

bgibbs1000 on July 6, 2012 at 10:59 AM

Yet you would prefer to keep him in the White House because Romney is not good enough for you. Romney and/or the Governors are our only hope at this point. I resent being forced to defend Romney, but you really are just being stupid.

Night Owl on July 6, 2012 at 11:20 AM

I was referring to the Congressman that DID say Bush left office with 10% unemployment. I think it was Waxman.

If you overstate what Obama inherited it makes it easier to run on the narrative things are improving.

Should have made it easier to understand.

Wagthatdog on July 6, 2012 at 10:47 AM

Sorry about that, I caught the Waxman later and couldn’t go back and fix it. TGIF

bopbottle on July 6, 2012 at 11:21 AM

Ed/Allah –

It’s about time someone started talking about the disastrous increase in the minimum wage in 2007 and how that has affected unemployment, especially for young people. I saw a chart a while back that showed almost total correlation between unemployment rates and the real minimum wage. It’s the issue even conservatives have ignored. And now some liberal morons in Congress are talking about ANOTHER increase!

rockmom on July 6, 2012 at 11:22 AM

AVERAGE NUMBER OF JOBS CREATED PER MONTH BY THE BUSH ADMINISTRATION: 20,000

AVERAGE NUMBER OF JOBS CREATED PER MONTH BY THE BUSH ADMINISTRATION EXCLUDING THE DISASTROUS LAST YEAR: 65,000

NUMBER OF MONTHS IN THE BUSH ADMINISTRATION IN WHICH THERE WERE 500,000 OR MORE JOBS CREATED: 0.

(In fact, there were no months in the Bush Administration in which there were 400,000 jobs created).

Source: The BLS

bifidis on July 6, 2012 at 11:22 AM

Yet you would prefer to keep him in the White House because Romney is not good enough for you. Romney and/or the Governors are our only hope at this point. I resent being forced to defend Romney, but you really are just being stupid.

Night Owl on July 6, 2012 at 11:20 AM

+ 100..:):)

Dire Straits on July 6, 2012 at 11:23 AM

First.

Lot o’ Romney hate here today, don’t you at least want to give the man his day in the sun before declaring the USA cooked and over?

Bishop on July 6, 2012 at 11:03 AM

On page 4? LOL.

Best chuckle I had this morning.

ICanSeeNovFromMyHouse on July 6, 2012 at 11:23 AM

We deserve our plight for continually electing liberals and RINOs. I don’t know what it will take for people to start electing “Conservatives”. Republicans can’t even nominate a conservative when the table is set for us. We really are a clueless and/or stupid people.

cajunpatriot on July 6, 2012 at 11:23 AM

4 million jobs created or saved! Mmm mmm mmm eleventy!1!

jrgdds on July 6, 2012 at 11:24 AM

Yet you would prefer to keep him in the White House because Romney is not good enough for you. Romney and/or the Governors are our only hope at this point. I resent being forced to defend Romney, but you really are just being stupid.

Night Owl on July 6, 2012 at 11:20 AM

I’m not asking you to defend Romney nor do I want the current slime to remain in the White House, but I’m a realist. I do not see commie care being repealed if the GOP takes over, if you do fine. Just don’t ask me to drink that koolaid any more because it got stale over many years of GOP talk and then betrayal.

bgibbs1000 on July 6, 2012 at 11:25 AM

We deserve our plight for continually electing liberals and RINOs. I don’t know what it will take for people to start electing “Conservatives”. Republicans can’t even nominate a conservative when the table is set for us. We really are a clueless and/or stupid people.

cajunpatriot on July 6, 2012 at 11:23 AM

When Republicans can call a truce on social issues and focus their energy on fiscal matters.

bopbottle on July 6, 2012 at 11:26 AM

Go to a party on 4th of July.

Hear all your 20-something friends laugh about how they get paid more on unemployment than they did at their old jobs, this frees up their day for more Xbox 360, getting drunk, etc. Share tips on how to stay on unemployment longer by making up fake businesses, using their friends phone numbers’ as contacts to fool the government. Joke about how “funneh it is to be a white kid in the food stamp line omgz”

Welcome to Obama’s America. He’s raising an army of welfare dependents who will vote DNC Fo’ Life yo.

1984 in real life on July 6, 2012 at 11:26 AM

Well, it’s better than the 10% unemployment he inherited from Bush. -Waxman

Wagthatdog on July 6, 2012 at 10:18 AM

Actually if the workforce participation rate now was the same as it was in January 2009 the unemployment rate would be over 11%. Additionally those numbers were in a recession which officially ended March 31 2009. Growth under Obama has been anemicfor 13 quarters. The hole created by the recession was deep, but Obama has barely stopped digging it deeper and has made little or no progress in getting us out of it. Why? because he is convinced the govt is the engine of growth and that public sector jobs are the key to improvement. 70% of the stimulus went directly to public sector jobs,created or saved. Even FDR recognized the need to create private jobs for public projects. When the WPA paid for the Triboro Bridge in NY it provided the monies to private contractors who hired workers. Those contractors made profit which allowed them to buy new equipment and bid on more jobs. The evil Halliburton got its start along with companies like Morris Knudsen by way of the WPA. All Obama knows is that he must create jobs for the CSEA, AFSCME,NEA,AFT,and SEIU.That plan will NEVER grow the economy.

xkaydet65 on July 6, 2012 at 11:26 AM

bifidis on July 6, 2012 at 11:22 AM

Bush is running for President? Do tell!

FAIL-

Del Dolemonte on July 6, 2012 at 11:27 AM

yep, the unemployment rate in october will be closer to 7.
renalin on July 6, 2012 at 11:17 AM

It’d be nice if Ed or Allah would just get rid of cretins like the poster above. They add no substance (still waiting on an answer as to what they base their prediction that unemployment will be going below 8% in the next few months)and are annoying as hell.

Opposing viewpoints are fine, but constant concern trolling and douchebaggery kills any enjoyment from reading the site imo.

jaygatz33 on July 6, 2012 at 11:32 AM

Rich Lowrey of National Review now on FOX suggesting that GOP will just tweak commie care.

Folks ROMNEY and the GOP are not going to repeal it so get use to it.

bgibbs1000 on July 6, 2012 at 10:20 AM

Fair enough, we’ll just remind people what party pushed it down our throat when the outcome is horrible and Democrats won’t get elected ever again.

Fine by me.

Wagthatdog on July 6, 2012 at 11:34 AM

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