June jobs report: 288,000 jobs created, jobless rate drops to 6.1%

posted at 8:36 am on July 3, 2014 by Ed Morrissey

Looks like the portents from ADP and Gallup were accurate. The BLS reports solid job growth in June of 288K, with the jobless rate decreasing to 6.1%. The number of jobs added in April and May were revised upward by 29,000 as well.  However, the workforce participation rate remains at a 36-year low, while the number of involuntary part-time workers rose by 275,000:

Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by employment growth in professional and business services, retail trade, food services and drinking places, and health care.

In June, the unemployment rate declined by 0.2 percentage point to 6.1 percent. The number of unemployed persons decreased by 325,000 to 9.5 million. Over the year, the unemployment rate and the number of unemployed persons have declined by 1.4 percentage points and 2.3 million, respectively. (See table A-1.) …

In June, the civilian labor force participation rate was 62.8 percent for the third consecutive month. The employment-population ratio, at 59.0 percent, showed little change over the month but is up by 0.3 percentage point over the year. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 275,000 in June to 7.5 million. The number of involuntary part-time workers is down over the year but has shown no clear trend in recent months. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

ADP almost hit it right on the head yesterday with its estimate of 281,000. Private-sector employment rose by 262,000 in June. U-6, the more stable of the unemployment metrics, dropped a tenth of a point to 12.1%, its lowest level since the Great Recession and down from 12.7% in January. However, that’s still a long way off from the 8.2% of June 2007.

The number of people working part time for economic reasons rose as noted above, and now is at 7.544 million. A year ago, that seasonally-adjusted number was 8.194 million, and the trend has been going down during the recovery, if slowly. However, June’s number is still 287,000 higher than January.

CNBC notes the U-6 rate and tosses some cold water on the BLS’s preferred U-3 jobless rate:

A number of economists look past the “main” unemployment rate to a different figure the Bureau of Labor Statistics calls “U-6,” which it defines as “total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers.”

In other words, the unemployed, the underemployed and the discouraged—a rate that still remains high.

The U-6 rate fell slightly in June to 12.1 percent. While it is down 210 basis points over the last year, the trend has been somewhat more volatile than in the main unemployment rate, which steadily declined.

Reuters sticks with the top-line number for its headline, but on the live blog, wage stagnation catches their attention:

Average hourly earnings still aren’t rising by much. From the report: “Average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to$24.45, following a 6-cent increase in May. Over the past 12 months, averagehourly earnings have risen by 2.0 percent.”

Hourly earnings are important because Fed chair Janet Yellen has indicated she wants to see an increase before she really believes the employment situation is solid. Wage growth has been more or less stagnant since the end of the recession.

Binyamin Applebaum delivers the bottom line:

 

Indeed. And while the overall job growth is pretty decent, it’s still not high enough to make a dent in the ranks of the chronically unemployed from the last six years.

Update: Plus, there’s this:

Only one month in the past 4+ years has the number of jobs added exceeded the number of people leaving the workforce. Yikes.


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Only 18000000 more to go!

can_con on July 3, 2014 at 8:38 AM

The BLS reports solid job growth in June of 288K, with the jobless rate decreasing to 6.1%. The number of jobs added in April and May were revised upward by 29,000 as well. However, the workforce participation rate remains at a 36-year low, while the number of involuntary part-time workers rose by 275,000:

I don’t get how it is that the “jobless rate” keeps dropping even as the news is never anything better than solid with continued record low participation rates.

Happy Nomad on July 3, 2014 at 8:39 AM

There is no way. I just don’t believe anything the Spite House puts out anyway. The economy doesn’t crash 3% in a quarter and have job growth.

ConstantineXI on July 3, 2014 at 8:39 AM

288000 new job but 275000 of them are part time… Very f***ed up news indeed…

mnjg on July 3, 2014 at 8:39 AM

We are almost there…

Maybe in 8 years of Obama……

We might be down to 5.5……

Maybe

Electrongod on July 3, 2014 at 8:39 AM

The good news – we’re rapidly reaching “full employment”.

The bad news – it is because a record number of people are taking to heart the ObamiNation national anthem.

Steve Eggleston on July 3, 2014 at 8:39 AM

Only 18000000 more to go!

can_con on July 3, 2014 at 8:38 AM

You forgot about our new citizens from South of the Border….

Electrongod on July 3, 2014 at 8:40 AM

There is no way. I just don’t believe anything the Spite House puts out anyway. The economy doesn’t crash 3% in a quarter and have job growth.

ConstantineXI on July 3, 2014 at 8:39 AM

There was no actual job growth… The report says that out of 288000 jobs 275000 of them were part time…

mnjg on July 3, 2014 at 8:41 AM

Anyone been to a grocery store lately. Nah, no inflation here !

stenwin77 on July 3, 2014 at 8:44 AM

I don’t get how it is that the “jobless rate” keeps dropping even as the news is never anything better than solid with continued record low participation rates.

Happy Nomad on July 3, 2014 at 8:39 AM

In general, fewer people looking for work means fewer people in the workforce, which allows the same number of people working to drop the jobless rate.

Looking at the non-adjusted numbers, there were 157,089,000 people in the workforce in June 2013, but only 156,997,000 people in the workforce in June 2014 despite the civilian noninstitution population increasing from 245,552,000 to 247,814,000. Yes, there were more people working in June 2014 than in June 2013, but there were fewer people willing to work in June 2014 than in June 2013.

Steve Eggleston on July 3, 2014 at 8:44 AM

There was no actual job growth… The report says that out of 288000 jobs 275000 of them were part time…

mnjg on July 3, 2014 at 8:41 AM

Yup, and those 288,000 are being filled by 125,000 people. Mostly “refugees“.

TKindred on July 3, 2014 at 8:45 AM

The Ministry of Full Employment has spoken. We are all very fortunate to have such competent stewards in govt.

dengony on July 3, 2014 at 8:45 AM

Anyone been to a grocery store lately. Nah, no inflation here !

stenwin77 on July 3, 2014 at 8:44 AM

There is a reason why the majority of people still believe we are in bad economic shape despite all the soviet style lies and figures coming from the government regarding the economy and unemployment in particular…

mnjg on July 3, 2014 at 8:46 AM

There is a reason why the majority of people still believe we are in bad economic shape despite all the soviet style lies and figures coming from the government regarding the economy and unemployment in particular…

mnjg on July 3, 2014 at 8:46 AM

They can lie all they want economics is personal. There isn’t job growth when everybody you know is working part time and you can’t afford food.

crankyoldlady on July 3, 2014 at 8:48 AM

Impeach Obama!!!

What is GOP waiting for? Show some leadership and responsibility GOPe Party.

Ned Pepper on July 3, 2014 at 8:48 AM

You forgot about our new citizens from South of the Border….

Electrongod on July 3, 2014 at 8:40 AM

Don’t those go straight to the social assistance rolls? /S

can_con on July 3, 2014 at 8:49 AM

Grrrrrrrrrrrrr8!

Deafdog on July 3, 2014 at 8:50 AM

However, the workforce participation rate remains at a 36-year low, while the number of involuntary part-time workers rose by 275,000:

If there were 288,000 new jobs and 275,000 new involuntary part-time workers, looks to me like there were only 13,000 new full-time jobs. This is worth celebrating?

Bitter Clinger on July 3, 2014 at 8:51 AM

And many of those openings are not being filled – essentially employed workers are seeing ability to fill new jobs which then results in an opening in their old position, which will be filled by another currently employed person. Those out of the workforce for a year aren’t even in the game anymore – except to maybe pick up a temp job – with probably no benefits and a low wage rate.

We are playing musical chairs. That is why the participation rate is essentially the same bad number it has always been.

Zomcon JEM on July 3, 2014 at 8:52 AM

In general, fewer people looking for work means fewer people in the workforce, which allows the same number of people working to drop the jobless rate.

Steve Eggleston on July 3, 2014 at 8:44 AM

Only in DC math can driving people out of the workforce be seen as a good thing since that means a drop in the unemployment rate.

Happy Nomad on July 3, 2014 at 8:52 AM

Impeach Obama!!!

What is GOP waiting for? Show some leadership and responsibility GOPe Party.

Ned Pepper on July 3, 2014 at 8:48 AM

The First Quarter GDP CONTRACTED 3%

Yet, in June 288K jobs were added…..

We here at HotAir MARVEL at your gullibility…

ToddPA on July 3, 2014 at 8:53 AM

Ned Pepper on July 3, 2014 at 8:48 AM

You must be one of those lucky few that has a full time job…

Electrongod on July 3, 2014 at 8:53 AM

Looking at the non-adjusted numbers, there were 157,089,000 people in the workforce in June 2013, but only 156,997,000 people in the workforce in June 2014 despite the civilian noninstitution population increasing from 245,552,000 to 247,814,000. Yes, there were more people working in June 2014 than in June 2013, but there were fewer people willing to work in June 2014 than in June 2013.

Steve Eggleston on July 3, 2014 at 8:44 AM

Not sure this makes sense to me with the numbers you have posted. More people working in 2014 than in 2013 – but the numbers you posted say the opposite. What am I missing?

Zomcon JEM on July 3, 2014 at 8:54 AM

HotAir, meet Ned Pepper, the Clean end of a Turd.

ToddPA on July 3, 2014 at 8:55 AM

As for the full-time-vs-part-time question, I prefer to compare non-seasonally-adjusted numbers from the same month the prior year because the seasonings are different for full-time and part-time employees. Further, because the question comes from the population survey and not the establishment survey, it is the number of employed and not the number of jobs.

Full-time employment (that is, those who between their various jobs work at least 35 hours per week) between June 2013 and June 2014 increased by 2,072,000, or 1.76%. By contrast, part-time employment (those who work fewer than 35 hours per week at their various jobs) grew by 189,000, or 0.69%.

The nubmer of those who worked multiple part-time jobs, presumably to reach “full-time” status, incresaed from 1,808,000 in June 2013 to 1,888,000 in June 2014. That was more than countered by a 107,000 drop in those whose primary job was full time and secondary job was part-time.

Do remember that the full-time PlaceboCare mandate was delayed until next year for employers with at least 6,000 employee-hours per week (commonly described as 200 “full-time” employees) and 2016 for employers with at least 1,500 employee-hours per week (commonly described as 50 “full-time” employees). Also note that for many companies, June is the last month of their fiscal years, so their decisions on staffing vis-a-vis PlaceboCare did not take effect yet.

Steve Eggleston on July 3, 2014 at 8:57 AM

And many of those openings are not being filled – essentially employed workers are seeing ability to fill new jobs which then results in an opening in their old position, which will be filled by another currently employed

Or 2 part-time workers.

crankyoldlady on July 3, 2014 at 8:57 AM

The First Quarter GDP CONTRACTED 3%

Yet, in June 288K jobs were added…..

And yet Gutless GOPe Party will not start impeachment proceedings.

GOPe Pary – Leading from behind and No courage of its convictions.

The rabid base wants impeachment bad, the establishment won’t give it to them.

Ned Pepper on July 3, 2014 at 8:57 AM

Not sure this makes sense to me with the numbers you have posted. More people working in 2014 than in 2013 – but the numbers you posted say the opposite. What am I missing?

Zomcon JEM on July 3, 2014 at 8:54 AM

Slightly more people are working, but fewer people want to work (or if you prefer, more people want to be on welfare).

Steve Eggleston on July 3, 2014 at 8:59 AM

The real issue is the have states vs the not have states. Here in Texas we are having record job growth, whereas high tax and regulation states are seeing job contraction. Fortunately for the country there are more jobs being created in states like Texas than being lost in, as an example, Illinois.

Tater Salad on July 3, 2014 at 8:59 AM

Impeach Obama!!!

What is GOP waiting for? Show some leadership and responsibility GOPe Party.

Ned Pepper on July 3, 2014 at 8:48 AM

What are you celebrating low IQ liberal moron? Are you celebrating 275000 part time jobs out of 288000 created in June? Or are you celebrating the -2.9% negative growth in the Q1 2014? There is a reason why the vast majority of people think that the economy is bad despite the lie of your Obama administration, the reason is called “reality” and “facts”…

mnjg on July 3, 2014 at 9:00 AM

HotAir, meet Ned Pepper, the Clean end of a Turd.

ToddPA on July 3, 2014 at 8:55 AM

You had to dangle the punch bowl out there for him, didn’t you?

Steve Eggleston on July 3, 2014 at 9:00 AM

Ned smells funny.

CurtZHP on July 3, 2014 at 9:00 AM

OT- Louis Zamperini, a member of the 1936 U.S. Olympic track and field team who survived repeated torture for two years as a Japanese prisoner of war during World War II, died Wednesday from pneumonia at the age of 97, his family announced.

If you haven’t read about Zamperini’s ordeals in Unbroken, you’ve missed an inspirational story.

Happy Nomad on July 3, 2014 at 9:01 AM

worst president ever!

stevie, stop it, the spinning makes me dizzy.

sesquipedalian on July 3, 2014 at 9:02 AM

mnjg on July 3, 2014 at 9:00 AM

I am not celebrating anything.

I am just asking a simple question: Why won’t gutless GOPe Party start impeachment proceedings against a lawless Obama?

Why not impeachment??

Ned Pepper on July 3, 2014 at 9:03 AM

Uh-oh. Someone’s sock fell off.

CurtZHP on July 3, 2014 at 9:04 AM

worst president ever!

sesquipedalian on July 3, 2014 at 9:02 AM

Given to him by We The People….

Electrongod on July 3, 2014 at 9:04 AM

Ned’s a bigot.

CurtZHP on July 3, 2014 at 9:05 AM

I don’t get how it is that the “jobless rate” keeps dropping even as the news is never anything better than solid with continued record low participation rates.

Happy Nomad on July 3, 2014 at 8:39 AM

Simple, add more people on the government dole which contracts the denominator for the unemployment rate. That is how the “unemployment rate” drops while the economy contracts.

chadlands on July 3, 2014 at 9:06 AM

Lsm doing the happy dance for obama

cmsinaz on July 3, 2014 at 9:08 AM

Check out the seasonally adjusted teen (Age 16-19) job numbers from the household survey portion of the report – there were 93,000 fewer teens counted as having jobs in June 2014 than the previous month.

And if you want to go back further, there has been no meaningful change for the U.S. teen employment situation since October 2009 – other than a small but steady decline in the Age 16-19 civilian labor force (the Age 16-19 population has been very steady throughout that time.)

ironman on July 3, 2014 at 9:11 AM

led by employment growth in professional and business services, retail trade, food services and drinking places, and health care.

You have to be drunk to live through the Obama Era.

faraway on July 3, 2014 at 9:11 AM

Lsm doing the happy dance for obama

cmsinaz on July 3, 2014 at 9:08 AM

It must have been his pen…

Or his phone…

The some combination….

Electrongod on July 3, 2014 at 9:12 AM

I don’t get how it is that the “jobless rate” keeps dropping even as the news is never anything better than solid with continued record low participation rates.

Happy Nomad on July 3, 2014 at 8:39 AM

Because the rate that most media use, and the government uses for press releases are based on seasonally adjusted figures. Which means they run the number through a bunch of algorithms to come up with the figure.

And then they will calculate the “actual” figures later, when they have more accurate data.

The newspaper I work for requires me to report the non-seasonally adjust rates when I do my monthly employment article.

The non-seasonally adjusted rates usually are closer to the real rates, the rates you see when they make those “well, we adjusted the figures down for the month of ???.”

The non-seasonally adjusted unemployment rate for June is actually 6.3 percent. UP from the non-seasonally adjusted unemployment rate of 6.1 percent in May.

Here’s the link to the REAL figures…

http://www.bls.gov/news.release/empsit.t01.htm

Another problem is reporters are not careful. You’ll see one article saying the rate is 6.3 percent and another saying the rate is the 6.1 percent figure without distinguishing the difference from non-seasonally adjusted rate and the seasonally adjusted rates.

It’s all a numbers game and they can play it as needed.

Walter L. Newton on July 3, 2014 at 9:13 AM

the trend has been going down during the recovery

Recovery? Ed, thinks we are in recovery!

faraway on July 3, 2014 at 9:15 AM

Look for next week’s inevitable downward revision.

And look hard. It may be hard to spot.

CurtZHP on July 3, 2014 at 9:15 AM

So 288,000 illegals got seasonal jobs picking fruit. Big Deal.
What was it they found a couple of weeks ago? That “immigrants” had gotten almost all the jobs “created” in the recovery?

Curmudgeon on July 3, 2014 at 9:16 AM

the reason why the unemployment rate took another big step lower from 6.3% to 6.1%, was once again as a result of the number of people not in the labor force, which in June rose to a fresh record high of 92,120K, up 111K from June

Go here for more details. It’s depressing beyond belief.

Physics Geek on July 3, 2014 at 9:18 AM

I don’t think the government numbers have much value anymore. They’ve been politicized and corrupted like everything else.

forest on July 3, 2014 at 9:18 AM

Check out the seasonally adjusted teen (Age 16-19) job numbers from the household survey portion of the report – there were 93,000 fewer teens counted as having jobs in June 2014 than the previous month.

And if you want to go back further, there has been no meaningful change for the U.S. teen employment situation since October 2009 – other than a small but steady decline in the Age 16-19 civilian labor force (the Age 16-19 population has been very steady throughout that time.)

ironman on July 3, 2014 at 9:11 AM

It’s not just the teens – it’s everybody under the age of 55.

Steve Eggleston on July 3, 2014 at 9:18 AM

The Obama administration reports 6.1% unemployment.

Awesome! And there is no way they would cook the numbers and lie to us about this, right?

After all, they’ve been so honest and forthcoming with information about the IRS targeting conservatives, about Benghazi, about the President’s college transcripts, and basically everything, proving it is ‘the most transparent administration ever!’, so 6.1% is totally believable, right?

First report out from the next presidential administration will correct various ‘oversights’, and show the true rate is over 9.1%. Somebody just accidentally flipped the six upside-down. Oops!

s1im on July 3, 2014 at 9:18 AM

Why does fruit need to be grown in the US? I had rather buy South American fruit.

faraway on July 3, 2014 at 9:19 AM

The employment rate (employment population ratio) finally reached 59% of the adult population, but still below where we were at the official end of the recession. Barely improved since rock bottom.

topdog on July 3, 2014 at 9:19 AM

The employment rate (employment population ratio) finally reached 59% of the adult population, but still below where we were at the official end of the recession. Barely improved since rock bottom.

topdog on July 3, 2014 at 9:19 AM

That number has more meaning than the unemployment rate, that’s for sure.

forest on July 3, 2014 at 9:21 AM

The rabid base wants impeachment bad, the establishment won’t give it to them.

Ned Pepper on July 3, 2014 at 8:57 AM

So in one thread you grump that they’re not posting the “good” employment news for June, never mind that they might be waiting for the full jobs report that only just was released this morning.

And here in the thread about the jobs report, your only response is to try and get conservatives infighting over whether to impeach the President over GDP performance, as if that unto itself is a reason.

It’s almost like you’re incapable of posting something that’s related to the article in question.

The Schaef on July 3, 2014 at 9:30 AM

And most of the gains are seasonal and in the service sector. Low wage jobs that will disappear when the summer season is over.

Walter L. Newton on July 3, 2014 at 9:31 AM

Last 11 years jobs numbers for the month of June:

June 2004: + 74,000
June 2005: + 245,000
June 2006: + 77,000
June 2007: + 71,000
June 2008: – 172,000
June 2009: – 467,000
June 2010: – 122,000
June 2011: + 217,000
June 2012: + 88,000
June 2013: + 201,000
June 2014: + 288,000

Ned Pepper on July 3, 2014 at 9:32 AM

The only statistic I look at for president’s is the number of jobs created during that presidency.

http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

Clinton about 23 Million
Reagan about 16 Million
Obama? Guess would be about 5 Million by the time he is done, through 2013 he only had about 1 Million.

timoric on July 3, 2014 at 9:33 AM

Why does fruit need to be grown in the US? I had rather buy South American fruit.

faraway on July 3, 2014 at 9:19 AM

Everything grown or made here is another product we don’t have to worry about vanishing if things go south.

LawfulGood on July 3, 2014 at 9:33 AM

Dow breaking 17,000 today based on good jobs report.

Gebeaux on July 3, 2014 at 9:36 AM

Hey Ned, ‘splain to us Neanderthals how great the economy and employment is doing after 6 years of Dear Liar leading from his rear.

Closet Optimist on July 3, 2014 at 9:38 AM

Here… if you want ALL the figure, dig through these links on this page.

http://www.bls.gov/cps/tables.htm#nempstat_m

Walter L. Newton on July 3, 2014 at 9:38 AM

The only statistic I look at for president’s is the number of jobs created during that presidency.

http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

Clinton about 23 Million
Reagan about 16 Million
Obama? Guess would be about 5 Million by the time he is done, through 2013 he only had about 1 Million.

timoric on July 3, 2014 at 9:33 AM

Actually, you are wrong. The total number of jobs created during Obama’s Presidency is 5.15 Million. And that is with 2.5 years to go. So likely will be closer to 12 million by the end.

http://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=CE_cesbref1

to compare to the last president, that president only had 1.1 Million Jobs created over their full 8 years.

Gebeaux on July 3, 2014 at 9:40 AM

Dow breaking 17,000 today based on good jobs report.

Gebeaux on July 3, 2014 at 9:36 AM

Based on the dollar being worthless…

sandee on July 3, 2014 at 9:41 AM

Look for next week’s inevitable downward revision.

And look hard. It may be hard to spot.

CurtZHP on July 3, 2014 at 9:15 AM

Actually, the revisions are usually upward. note that 24,000 jobs were added to the two last months job reports.

Gebeaux on July 3, 2014 at 9:42 AM

I don’t get how it is that the “jobless rate” keeps dropping even as the news is never anything better than solid with continued record low participation rates.

Happy Nomad on July 3, 2014 at 8:39 AM

Math games. It *is* the record low participation rates that make the jobless rate look better. The more people they *don’t* count in the unemployed number, the better the rate goes.

Imagine that 20% of the unemployed people they *are* counting belonged in a category with a specific attribute. If the BLS decided to stop counting people in that category – even though they are still unemployed – the jobless rate would ‘improve’ dramatically. Nothing changed for the better, but the way the math is performed, the result LOOKS better. In fact, this is how to make things look better when they are actually getting worse (ie: jobless rate declines, though the number of unemployed people keeps increasing to new record highs).

Midas on July 3, 2014 at 9:50 AM

It’s almost like you’re incapable of posting something that’s related to the article in question.

The Schaef on July 3, 2014 at 9:30 AM

You are the one incapable of basic comprehension and understanding.

Most of the commenters here are saying that these jobs numbers are cooked. That Obama administration is giving out these false reports.

Well, why not impeach then? Providing false economic data is certainly an impeachable offense, is it not?

So the question remains..Why won’t the gutless GOPe Party impeach Obama when you all know that these are cooked up jobs numbers?

Ned Pepper on July 3, 2014 at 9:50 AM

, though the number of unemployed people keeps increasing to new record highs).

Midas on July 3, 2014 at 9:50 AM

And will continue to increase as we continue to see the huge Boomer Generation continue to retire and get out of the work force. this will continue to make room for the next generations to find work.

Gebeaux on July 3, 2014 at 9:52 AM

And, of course, it will be revised downward.

Unexpectedly.

formwiz on July 3, 2014 at 9:53 AM

worst president ever!

sesquipedalian on July 3, 2014 at 9:02 AM

LOL, need to look out the window. Pigs must be flying. Even the dumbest troll to ever psot at HotAir finally pulls his head out of obama’s crotch to face reality.

Gebeaux on July 3, 2014 at 9:40 AM

Oh wait, squidforbrains must have been pushed out of his spot by this idiot. Go BO!

HumpBot Salvation on July 3, 2014 at 9:55 AM

Looks like the portents from ADP and Gallup were accurate. The BLS reports solid job growth in June of 288K, with the jobless rate decreasing to 6.1%. The number of jobs added in April and May were revised upward by 29,000 as well.

Ed Morrissey on July 3, 2014 at 8:36 AM

.
Hmmm . . . . . “looks” … “revised”
.
.
Seems like appearance and revision is all they have.

listens2glenn on July 3, 2014 at 9:56 AM

And, of course, it will be revised downward.

Unexpectedly.

formwiz on July 3, 2014 at 9:53 AM

Actually that is incorrect – if you are paying attention you will notice that in this report – the past two months were both revised UPWARD – not downward. Over the next two months this report will also likely get revised upward and above 300,000 jobs for the month.

Most of the time, government job figures are revised UPWARD, not downward. i know that is not what you want to hear, but it is the truth.

Gebeaux on July 3, 2014 at 9:56 AM

And will continue to increase as we continue to see the huge Boomer Generation continue to retire and get out of the work force. this will continue to make room for the next generations to find work.

Gebeaux on July 3, 2014 at 9:52 AM

LOL, holy chit, idiot. You really are nothing more than an OFA regurgitating moron.

HumpBot Salvation on July 3, 2014 at 9:57 AM

So the question remains..Why won’t the gutless GOPe Party impeach Obama when you all know that these are cooked up jobs numbers?

Ned Pepper on July 3, 2014 at 9:50 AM

The answer is in the question.

nobar on July 3, 2014 at 9:57 AM

You are the one incapable of basic comprehension and understanding.

Um, you speak of comprehension, and yet this sentence attempts to throw something back in my face, of which I did not accuse you.

Which now forces me to question your comprehension.

Well, why not impeach then? Providing false economic data is certainly an impeachable offense, is it not?

Ned Pepper on July 3, 2014 at 9:50 AM

… on what basis? You talk about people being “too gutless” but right now you’re the only person I’ve come across that thinks the President of the United States should be impeached because (and apparently, only because) BLS is in the habit of revising their numbers downward after the initial report.

The Schaef on July 3, 2014 at 9:58 AM

Most of the commenters here are saying that these jobs numbers are cooked.

Sgt. Pepper on July 3, 2014 at 9:50 AM

Take a hike, Skippy.

For those who missed it, here’s how I face-planted Ned for plagiarizing the Daily Kos an hour after they posted something Tuesday afternoon:

It’s hard to tell here who Fox News hates more: Hillary Clinton, Beyonce or single women.

Ned Pepper on July 1, 2014 at 4:17 PM

Part of my reply:

3. Did you pay Joan McCarter from the Daily Kos a royalty fee for stealing her sentence, word for word?

Daily Kos, July 1, 2014, 3:15 PM EDT:

It’s hard to tell here who Fox News hates more: Hillary Clinton, Beyonce or single women.

Del Dolemonte on July 1, 2014 at 4:29 PM

You’re dismissed.

F-

Del Dolemonte on July 3, 2014 at 9:58 AM

The DOW is breaking 17,000 because the Fed has been pumping money into the system – and while the jobs report has the appearance of good news it is in fact no news – employment is essentially the same with more people leaving the work force than jobs created. Obama will more than likely leave the presidency with the lowest labor participation rate since Carter if not of all time.

The thing that pushed the market higher was the negative GDP readings – making the market price in the fact that the Fed will keep sending money. The market moves up on bad news and generally down on good news – because real good news means the Fed pump priming operation will end.

Zomcon JEM on July 3, 2014 at 10:00 AM

on what basis? You talk about people being “too gutless” but right now you’re the only person I’ve come across that thinks the President of the United States should be impeached because (and apparently, only because) BLS is in the habit of revising their numbers downward after the initial report.

The Schaef on July 3, 2014 at 9:58 AM

Who care on what basis? Who needs a reason? Just impeach!!

Impeach Obama!!

Ned Pepper on July 3, 2014 at 10:03 AM

this will continue to make room for the next generations to find work.

Gebeaux on July 3, 2014 at 9:52 AM

Everyone born in the “millenial generation”, from which the next surge of population is supposed to come, have reached the age of ascension in America (the youngest of them will be 21 even now). They are larger in numbers than the Boomer generation but make up a smaller percentage of the population.

There is not some looming boom in workers on the near horizon or even the far horizon. Most of them who are going to be in the workforce, are already in the workforce.

So the only thing all these retirees are going to make room for are the 10 or 20 million illegal aliens the administration plans to sanitize and turn into minimum-wage workers.

The Schaef on July 3, 2014 at 10:04 AM

Del Dolemonte on July 3, 2014 at 9:58 AM

LOL!! you got me, boy scout!

Ned Pepper on July 3, 2014 at 10:05 AM

You’re dismissed.

F-

Del Dolemonte on July 3, 2014 at 9:58 AM

Be nice. It’s mean to make fun of the retarded mentally disabled.

bigmacdaddy on July 3, 2014 at 10:05 AM

Who care on what basis? Who needs a reason? Just impeach!!

Impeach Obama!!

Ned Pepper on July 3, 2014 at 10:03 AM

I wonder how long it’s going to take you to realize that, despite your attempts to marginalize the intelligence of the other people posting here, you are the only person who’s behaving in a genuinely irrational manner. Which severely undermines your position.

The Schaef on July 3, 2014 at 10:06 AM

Who care on what basis? Who needs a reason? Just impeach!!

Impeach Obama!!

Ned Pepper on July 3, 2014 at 10:03 AM

You should write your congressman. Meanwhile, we’ll be laughing at you, HAL.

HumpBot Salvation on July 3, 2014 at 10:08 AM

I’m a f*cking retarded troll! Please post my IP address!

Ned Pepper on July 3, 2014 at 10:03 AM

LawfulGood on July 3, 2014 at 10:20 AM

This is the same BLS that had Q1 GDP wrong by 3 points, right?

And isn’t it the case that as more people re-enter the workforce with the hope that hiring is picking up, the top line number will increase rather than decrease for a period of time?

There’s nothing above-board about any of this; it’s entirely politicized. Moreover, I wouldn’t be surprised to learn that most of the uptick was summer temp help that’ll become new unemployment claims in September.

BKeyser on July 3, 2014 at 10:21 AM

There is no way. I just don’t believe anything the Spite House puts out anyway. The economy doesn’t crash 3% in a quarter and have job growth.

ConstantineXI on July 3, 2014 at 8:39 AM

I don’t believe them either, because they fake the stats better than a climatologist seeking a global warming grant.

The jobs are temporary, part time and going to “immigrants” and “guest workers.”

dogsoldier on July 3, 2014 at 10:21 AM

Why does fruit need to be grown in the US? I had rather buy South American fruit.

faraway on July 3, 2014 at 9:19 AM

Fear not. I’m sure potus is working on that. Got to spread the wealth.

wifarmboy on July 3, 2014 at 10:22 AM

Steve Eggleston on July 3, 2014 at 8:39 AM

Good one, Steve. It’s perfect.

dogsoldier on July 3, 2014 at 10:24 AM

Ned Pepper on July 3, 2014 at 8:48 AM

sesquipedalian on July 3, 2014 at 9:02 AM

It’s cute how sycophants will cling to dirty a$$ hairs all the way to the bitter end. You guys keep celebrating a decent jobs report under the new normal where labor participation rates are at a 36 year low. I’m sure Americans love the shitte sandwich program. The following is from 2012, but nothing has changed since then, its only gotten worse.

http://www.economicpopulist.org/content/how-many-jobs-are-needed-keep-population-growth

NotCoach on July 3, 2014 at 10:25 AM

And isn’t it the case that as more people re-enter the workforce with the hope that hiring is picking up, the top line number will increase rather than decrease for a period of time?
BKeyser on July 3, 2014 at 10:21 AM

The total Labor Force increased 81,000 from last month and 273,000 from 2 months ago.

the total Employed increased 407,000 from last month and 552,000 from 2 months ago.

http://www.bls.gov/news.release/empsit.htm

Gebeaux on July 3, 2014 at 10:25 AM

All I know is I am an educated, experienced Accountant and I’ve been unemployed for almost 6 months.

Thanks obaka noncare!

ladyingray on July 3, 2014 at 10:28 AM

And, of course, it will be revised downward.

Unexpectedly.

formwiz on July 3, 2014 at 9:53 AM

Actually that is incorrect – if you are paying attention you will notice that in this report – the past two months were both revised UPWARD – not downward. Over the next two months this report will also likely get revised upward and above 300,000 jobs for the month.

Most of the time, government job figures are revised UPWARD, not downward. i know that is not what you want to hear, but it is the truth.

Gebeaux on July 3, 2014 at 9:56 AM

No, most of the time, they go down.

Unexpectedly.

formwiz on July 3, 2014 at 10:29 AM

If there were 288,000 new jobs and 275,000 new involuntary part-time workers, looks to me like there were only 13,000 new full-time jobs. This is worth celebrating?

Bitter Clinger on July 3, 2014 at 8:51 AM

Only for the mentally defective crowd who can only read a fake headline.

BKeyser on July 3, 2014 at 10:21 AM

It’s the BEA that releases the GDP, but they are all run by hand picked friends of King Putt.

They are all lying.

dogsoldier on July 3, 2014 at 10:30 AM

Wow Ned’s having a full meltdown. And this isn’t even the “OBAMA IS THE WORST PRESIDENT SINCE WORLD WAR 2″ thread

You guys always break all the new things

Chuck Schick on July 3, 2014 at 10:31 AM

Gebeaux on July 3, 2014 at 9:56 AM

The number of people filing each week for unemployment frequently gets revised upward, but the number of “jobs” created is almost always revised downward.

dogsoldier on July 3, 2014 at 10:32 AM

The number of people filing each week for unemployment frequently gets revised upward, but the number of “jobs” created is almost always revised downward.

dogsoldier on July 3, 2014 at 10:32 AM

hmmm, you should read the ACTUAL BLS Report.

http://www.bls.gov/news.release/empsit.htm

So odd that you say that they are almost always revised downward – when this one, like many of the past ones revised the past two months upward!

“The change in total nonfarm payroll employment for April was revised from +282,000 to +304,000, and the change for May was revised from +217,000 to +224,000. With these revisions, employment gains in April and May were 29,000 higher than previously reported.”

Gebeaux on July 3, 2014 at 10:36 AM

NotCoach on July 3, 2014 at 10:25 AM

They have a hard time with math and they never read more than the headline because they are too stupid to grasp the math.

13,000 real jobs that will probably go to “immigrants” or “guest workers” is nothing to celebrate.

25 million citizens need work, and what is that mental midget in the Spite House doing? He’s flooding the country with illegals bringing disease. He’s giving our work to foreigners.

dogsoldier on July 3, 2014 at 10:36 AM

Gebeaux on July 3, 2014 at 10:36 AM

I frequently do read them, but I no longer have capacity for bullshit.

dogsoldier on July 3, 2014 at 10:38 AM

So odd that you say that they are almost always revised downward – when this one, like many of the past ones revised the past two months upward!

Gebeaux on July 3, 2014 at 10:36 AM

I’m not sure how you get from “two” to “most”.

The Schaef on July 3, 2014 at 10:44 AM

No, most of the time, they go down.

Unexpectedly.

formwiz on July 3, 2014 at 10:29 AM

I just checked the past 12 monthly reports. 9 had upward revisions, 3 had downward revisions. So no, the actual facts show they mostly go UPWARD, not go down.

http://www.bls.gov/news.release/archives/empsit_08022013.htm

Gebeaux on July 3, 2014 at 10:45 AM

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