Unemployment rose in most states in July

posted at 2:01 pm on August 19, 2013 by Ed Morrissey

How did Barack Obama’s Magical Economy Tour do in convincing Americans to stay the course on Obamanomics?  Not only did it fail to impress voters, it didn’t do much for employers, either.  According to new data from the Bureau of Labor Statistics, joblessness rose in 28 states while only falling in eight — the worst showing since January:

Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.

The Labor Department says unemployment rates increased in 28 states. They were unchanged in 14 and fell in eight states — the fewest to show a decline since January.

Hiring increased in 32 states in July compared with June, the fewest in three months. Seventeen states reported job losses. California, Georgia and Florida reported the largest job gains, while New Jersey and Nevada lost the most.

As last week’s economic indicators showed, layoffs have slacked up a bit, but so have wages:

Real average hourly earnings for all employees fell 0.2 percent from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decline stems from a 0.1 percent decrease in average hourly earnings and a 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings fell 0.5 percent over the month due to the decrease in real average hourly earnings and a 0.3 percent decrease in the average workweek.

Real average hourly earnings fell 0.1 percent, seasonally adjusted, from July 2012 to July 2013. The decrease in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.1 percent decrease in real average weekly earnings over this period.

Earlier this month, the Obama administration touted a drop in the national unemployment rate to 7.4% as proof that Obamanomics was slowly healing the job market.  The drop got a lot of media attention, but less so the drop in the civilian workforce participation rate, which distorts the official joblessness rate.  As James Pethokoukis pointed out at the time, the jobless rate would be 7.8% if the participation rate was the same as a year ago, or 10.7% at the participation rate in June 2009, the technical start of the recovery from the Great Recession.

These figures demonstrate again the stagnant state of the American economy, and other indicators show why it won’t rebound any time soon.  Thanks to ObamaCare, we have transformed the labor market into a part-time jobs model, with 97% of net job growth in the first two quarters coming in part-time work.  Small wonder people are withdrawing from the workforce, and that will have an impact on spending and investment now and for the foreseeable future.

Speaking of which, guess who gets back from vacation today?

President Obama faces a full agenda when he returns from vacation this weekend, one that includes budget battles and health-care fights — and that was before Egypt descended into near-chaos this week.

Pressuring Egypt’s military government into holding new elections is the latest addition to a crowded fall political calendar that could make or break Obama’s second term.

The president is scheduled to return Sunday evening from his week-long vacation at Martha’s Vineyard, Mass.

In the days and months ahead, Obama will seek to put in place key parts of his health care law, pursue a landmark immigration bill, and — perhaps most important in the short run — avoid a government shutdown and another crisis over the debt ceiling.

Obama talked about jobs as he left for vacation … briefly, and predictably:

At a pre-vacation news conference, Obama said he didn’t expect congressional Republicans to back a government shutdown “at a time when the recovery is getting some traction” and jobs are starting to come back.

Except that they’re not starting to come back at all.  We may not be losing jobs at the rate of the last couple of years, but we’re not improving job creation, especially in full-time work.  Workers are losing ground, and all of the magical talk from Obama on his tour won’t cover for that reality.


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Cowboy poetry renaissance.

Murphy9 on August 19, 2013 at 2:03 PM

When did it decline in the last 5 years?

Schadenfreude on August 19, 2013 at 2:04 PM

Unemployment rose in most states in July

All together, now: UNEXPECTEDLY.

locomotivebreath1901 on August 19, 2013 at 2:04 PM

The margins of error of these data were increased due to the large number of analysts recently laid off.

viking01 on August 19, 2013 at 2:09 PM

If the actual unemployment rate is 7%, then Chris Christie weighs 150 pounds at 6 feet 4.

VorDaj on August 19, 2013 at 2:11 PM

If the actual unemployment rate is 7%, then Hillary Clinton measures 35-22-35 and is 25 years old.

VorDaj on August 19, 2013 at 2:14 PM

The jug-eared bastard fiddles while Rome burns.

I loathe that man.

Polish Rifle on August 19, 2013 at 2:15 PM

Tech sector hits ‘surprising’ slump.

Schadenfreude on August 19, 2013 at 2:15 PM

Which Administration started cooking the books in regards to not counting the long term unemployed not looking for work people in the final numbers? Wasn’t that Carter or am I mistaken?

Johnnyreb on August 19, 2013 at 2:16 PM

Why does anyone assume that it’s not obama’s intention to keep it high and to diminish the US?

Schadenfreude on August 19, 2013 at 2:17 PM

And hey, our national debt hasn’t ‘risen’ for several months, either. Don’t worry, when you can cook the books like these guys and never get called on it by your media cheerleaders, you can present whatever narrative you want and the fat sheeple will believe it as they continue to take food stamps and Obamaphones in record numbers.

It’s over folks. Who wants to get lit up on purple drank with me?

Corporal Tunnel on August 19, 2013 at 2:17 PM

Except that they’re not starting to come back at all. We may not be losing jobs at the rate of the last couple of years, but we’re not improving job creation, especially in full-time work. Workers are losing ground, and all of the magical talk from Obama on his tour won’t cover for that reality.

And while on the subject, the administration needs to understand that jobs are not widgets. The jobs being lost and the jobs being created are not equal. So it makes perfect sense to dump millions of newly-amnestized “citizens” on the workforce.

I wonder how the jobs tour to PA and NY is going to play out.

Happy Nomad on August 19, 2013 at 2:17 PM

Every dollar of unemployment insurance paid out has a multiplier effect on the economy of 3x.

–Nancy Pelosi

Murphy9 on August 19, 2013 at 2:20 PM

One of the largest hospitals in Texas has been laying off 30 to 40 every friday for over a month.With all of the new millions of health insurance buyers coming one would think they would be hiring instead.

docflash on August 19, 2013 at 2:20 PM

We may not be losing jobs at the rate of the last couple of years…

The rate is falling off because the total number of jobs available (to be lost) has declined so much. A fire will burn at a lower rate once a certain percentage of wood has been reduced to ashes (like jobs).

Dexter_Alarius on August 19, 2013 at 2:21 PM

it must be eating them there in unicoprn land: lie about the econocmy as being so great OR tell the truth about it and then lie about it being the repubs, the looming shutdown and the sequestors fault. so many lies to tell, and so little time left.

t8stlikchkn on August 19, 2013 at 2:21 PM

Unemployment rose in most states in July

I don’t think the MSM even reports the unemployment figures any more .. even with the BS feral government numbers.

ThePrimordialOrderedPair on August 19, 2013 at 2:21 PM

Tech sector hits ‘surprising’ slump.

Schadenfreude on August 19, 2013 at 2:15 PM

What????

Remember when the rat-eared wonder browbeat that woman whose software engineer husband couldn’t find a job? He even hinted the problem must have been with the husband and not the economy because the tech sector was booming!

I guess he was lying.

Happy Nomad on August 19, 2013 at 2:22 PM

I don’t think the MSM even reports the unemployment figures any more .. even with the BS feral government numbers.

ThePrimordialOrderedPair on August 19, 2013 at 2:21 PM

I think there would be wholesale civil unrest if the true numbers were accurately reported.

Happy Nomad on August 19, 2013 at 2:24 PM

Every dollar of unemployment insurance paid out has a multiplier effect on the economy of 3x.

–Nancy Pelosi

Murphy9 on August 19, 2013 at 2:20 PM

Murphy’s Law: When in a hole, first stop digging.

Except if Nancy Pelosi is in the hole, cover it up before she can claw her way out and put a concrete slap on top.

VorDaj on August 19, 2013 at 2:25 PM

A decade of recession.

Followed by hyper-inflation.

esblowfeld on August 19, 2013 at 2:29 PM

Except if Nancy Pelosi is in the hole, cover it up before she can claw her way out and put a concrete slap on top.

VorDaj on August 19, 2013 at 2:25 PM

Not good enough. Stake through the heart, exposure to sunlight, garlic, silver bullet, however you take care of zombies….. There isn’t dead enough in this situation.

Happy Nomad on August 19, 2013 at 2:29 PM

A decade of recession.

Followed by hyper-inflation.

esblowfeld on August 19, 2013 at 2:29 PM

Welcome to Nazi Germany.

Happy Nomad on August 19, 2013 at 2:30 PM

Who is in the blurry photo that accompanies this post? Looks like Scott Brown…

Missy on August 19, 2013 at 2:34 PM

who’s in the pic? Scotty B…?

ted c on August 19, 2013 at 2:37 PM

Slowly being the operative word.

Cindy Munford on August 19, 2013 at 2:38 PM

there might be a mismatch between the photo and the post…?

ted c on August 19, 2013 at 2:39 PM

I’m sure Forever 21′s decision to downgrade employees to part-time is just another sign of the booming recovery.

VibrioCocci on August 19, 2013 at 2:42 PM

Slowly being the operative word.

Cindy Munford on August 19, 2013 at 2:38 PM

Slowly? Try at a glacial pace. Reminds me of living in post-Katrina New Orleans. For the rest of his time as Mayor, C Ray Nagin would be interviewed on a weekly basis and go on and on about how much progress was being made in recovery. After a couple of years, with the library still closed, the shopping mall still shuttered (a wing had been burned down by looters), and there was no visible recovery. Yet Nagin was still out there lying about the recovery.

This administration is doing the same thing when discussing unemployment and the economy. But they’ve lost all credibility by doing so year-after-year.

Happy Nomad on August 19, 2013 at 2:47 PM

F’Unemployment.

( )o( )’s booming economy…

Lovely innit eh, yeah…

Scrumpy on August 19, 2013 at 2:47 PM

I’m sure Forever 21′s decision to downgrade employees to part-time is just another sign of the booming recovery.

VibrioCocci on August 19, 2013 at 2:42 PM

Now why do you say that? Forever 21 gives their employees more opportunity to spend time with their families and you make it sound like a bad thing!

Seriously, I think the 2014 election is going to be very interesting when the effects of Obamacare start impacting individuals in such a personal way as loss of employment status, higher premiums, etc. It could well be a gamechanger.

Happy Nomad on August 19, 2013 at 2:51 PM

At a pre-vacation news conference, Obama said he didn’t expect congressional Republicans to back a government shutdown “at a time when the recovery is getting some traction” and jobs are starting to come back.

Was this news conference August 2013 or August 2009? Geez, Obozo really is a moron.

smfic on August 19, 2013 at 3:00 PM

President Obama faces a full agenda when he returns from vacation this weekend, one that includes budget battles and health-care fights —

Someone’s fighting Obama’s agenda? Who?

txhsmom on August 19, 2013 at 3:03 PM

Remember when the rat-eared wonder browbeat that woman whose software engineer husband couldn’t find a job? He even hinted the problem must have been with the husband and not the economy because the tech sector was booming!

I guess he was lying.

Happy Nomad on August 19, 2013 at 2:22 PM

Well, his lips *were* moving…

Midas on August 19, 2013 at 3:03 PM

Let’s just get it straight, it’s not 0bama’s fault until something goes right. That’s why the abysmal failure of the nationalization of our health care is clearly due to the R-words….that had nothing at all to do with the nationalization. And of course Summer Recovery IV is also due to the R-words. So is the situation in Egypt.

jukin3 on August 19, 2013 at 3:03 PM

At a pre-vacation news conference, Obama said he didn’t expect congressional Republicans to back a government shutdown “at a time when the recovery is getting some traction” and jobs are starting to come back.

Was this news conference August 2013 or August 2009? Geez, Obozo really is a moron.

smfic on August 19, 2013 at 3:00 PM

It is difficult to know, isn’t it? I mean, with all the vacations who can keep up?

txhsmom on August 19, 2013 at 3:05 PM

Where’s libtardordie? I thought that clown was touting the economy on the clown post on Friday. Where are they now?

bbinfl on August 19, 2013 at 3:20 PM

“Unemployment rose in most states in July”
…sounds like yet another OBOZO “Summer of Recovery.”

TeaPartyNation on August 19, 2013 at 3:20 PM

“Awesome, so lets focus on amnesty now!”- Republican Party

Jack_Burton on August 19, 2013 at 3:43 PM

Why does anyone assume that it’s not obama’s intention to keep it high and to diminish the US?

Schadenfreude on August 19, 2013 at 2:17 PM

It was headed this way even before Obummer came out of the woodwork. There are too many thieves sucking the system dry and surely the Marxists are in full Cloward-Piven mode which certainly is accelerating the process.

If one couldn’t figure out that this country was in trouble starting back at least in the 1960s then I just don’t know. Without a true free market economy, with constant assaults on the Constitution, with people in power selling out our country, with people stealing what we make before we can even spend or invest it, with half a dozen fruitless wars that have robbed us of our sons and our treasure, with Russia, China and other countries moving into head to head competition with us, with increasing ignorance of the American sheeple and declining morality and work ethic…what do you expect?

Dr. ZhivBlago on August 19, 2013 at 4:02 PM

Where’s libtardordie? I thought that clown was touting the economy on the clown post on Friday. Where are they now?

bbinfl on August 19, 2013 at 3:20 PM

Now. Now. Liveasaslaveanddie is a college perfesser, after all.

He’s prolly busy – hard at work educating the future highly-paid work force; and the leaders of tomorrow.

Busy, busy, busy.

Solaratov on August 19, 2013 at 4:03 PM

Why do we keep referring to this as a “recovery”? It appears to me that the jobs situation is getting worse, and we have creative accounting to hide it.

When we lose full-time jobs and they are replaced with part-time jobs this is not a recovery.

When people who can’t find a job for so long are no longer counted as unemployed this is not a recovery.

When employers started posting lots of open jobs with extremely high criteria just to see who they can steal from other companies, this is not a recovery.

When adults in their fifties have to take entry-level low-wage jobs, forcing teen workers and college students to stay out of the workforce, this is not a recovery.

Yes, libs, your boy-king is failing miserably, and destroying the middle class. Congratulations, I hope you’re happy.

goflyers on August 19, 2013 at 4:16 PM

When did it decline in the last 5 years?
Schadenfreude on August 19, 2013 at 2:04 PM

Guess

Washington Times 08-05-13 Since January 2009 the country has added a net total of 270,000 full-time jobs, but it has added 1.9 million part-time jobs, according to the House Ways and Means Committee.

Check out the shocking chart from the St Louis Fed, in the article “Bond Losses at Federal Reserve Top $192 Billion” at the EFTGUIDE August 2, 2013

The yield on 10-year U.S. Treasuries (^TNX) has surged 66% over the past three months. And bond investors, especially those with jumbo-sized positions, are getting hammered. How much money has the Federal Reserve lost?

At the end of July, the Federal Reserve held $1.98 trillion in U.S. Treasuries. (See chart below) That figure represents just over half of the Fed’s $3.6 trillion balance sheet.

These are notes the treasury buys from itself, to print vapor dollars. But they might have bought a bad investment from themselves

“Our estimate shows that the spike in bond yields since the first quarter of this year has caused a mark-to-market loss of $192 billion on the Fed’s holding assets, equivalent to approximately all of the unrealized gains that the Fed had accumulated since it began to implement quantitative easing in late 2008. Although in keeping with their own accounting principles the Fed does not record mark-to-market losses, a continued increase in bond yields would incur actual losses should the central bank decide to sell assets.”

Check out the chart from the fed. Note the left axis. Goes from 800,000 million in 2008, to 2 million million dollars now. Correlates to the obama term of office. The End Game:

If interest rates continue to head higher, the value of the Fed’s liquid assets that it could sell would decline and further undermine its capital cushion. And if the velocity of rate increases intensifies, the Fed, with only $62 billion in capital, could see its entire capital base completely wiped out.

This could have a serious domino effect. It could paralyze the Fed’s ability to defend the dollar’s purchasing power, causing Treasury prices (NYSEARCA:TLT) to fall further and thereby push interest rates even higher. Just imagine the unimaginable; a weakened and impotent Fed.

entagor on August 19, 2013 at 4:21 PM

who’s in the pic? Scotty B…?

ted c on August 19, 2013 at 2:37 PM

Really? You were looking at the dude?

Really?

M240H on August 19, 2013 at 4:26 PM

Which Administration started cooking the books in regards to not counting the long term unemployed not looking for work people in the final numbers? Wasn’t that Carter or am I mistaken?

Johnnyreb on August 19, 2013 at 2:16 PM

Carter probably learned from FDR… the ultimate at faking government performance figures.

viking01 on August 19, 2013 at 4:27 PM

Now. Now. Liveasaslaveanddie is a college perfesser, after all.

He’s prolly busy – hard at work educating the future highly-paid work force; and the leaders of tomorrow.

Busy, busy, busy.

Solaratov on August 19, 2013 at 4:03 PM

I’d guess the low-information perfesser is still on the Summer break, probably somewhere in the Provincetown/Fire Island/Key West homosexual underground vacation network.

slickwillie2001 on August 19, 2013 at 4:28 PM

The jug-eared bastard fiddles while Rome burns.

I loathe that man.

Polish Rifle on August 19, 2013 at 2:15 PM

He is the Fire Marshall in Fahrenheit 451. He does things to insure fires are burning the nation down.

chemman on August 19, 2013 at 5:31 PM

The economy is in the toilet and rather than fix it Oblamo simply keeps parroting the false headline for the ozombies to lap up.

Everything he says is a lie. The economy is not picking up and we are not adding real jobs. Everyone except the OZombies know it.

They are just too depraved in love with their messiah to admit the truth.

And did you all see what happened at Forever 21? The twits who just had their hours reduced to 29.5, blame the store. The store blames the market, but NOBODY is blaming the real culprit – OBAMACARE!

dogsoldier on August 19, 2013 at 7:34 PM