U.S. job growth surges, unemployment rate near six-year low

Comments (72)
Jaay wrote:

Six years after the conservative Republican driven Second Great Contraction, aka, the 2008 financial crisis, the U.S. is still taking about the economy getting better. The Republican House of Representatives hasn’t offered 1 piece of legislation to create jobs. The BLS metrics are so old that no knowledgeable economist would use them to gauge anything about the economy. Jobs are low paying, temporary and part-time. Millions of Americans are not looking for work because there are no decent paying jobs. Jobs necessary to drive the economy are no being created in substantial numbers to do anything. Which should bring Americans to thinking about their Public Enemy No. 1, the FED. It’s leadership and policies have done nothing to help average working Americans since 2008. The FED has created a stock market bubble. Where are the decent paying jobs? Where is the spending? Where is the viable use of consumer credit? Why aren’t college costs regulated? Why do Americans believe that they are entitled to bailouts anytime corporate executives or consumers create financial problems for themselves and/or others?

Jul 03, 2014 6:14am EDT  --  Report as abuse
John2731 wrote:

Wrong, the Republican House of Representatives has offered over 40 pieces of legislation to create jobs, but Harry Reid and the Democrats in the Senate will not bring them to the floor for discussion. Get your facts straight.

Jul 03, 2014 6:35am EDT  --  Report as abuse
Adam_S wrote:

This data comes from the BLS, which is part of NO administration.

However, balance this ‘sunny jobs data’ against the fact that the economy contracted by nearly 3% in the first quarter (winter is coming…no wait, it came, and what a terrible excuse it is), and it’s hard to really see this as anything other than ‘neat, we’re almost kinda sorta getting back in the groove of moving towards where we should be.’

Blame everyone.

Jul 03, 2014 8:35am EDT  --  Report as abuse
Overcast451 wrote:

What the frack? :)

Little to do with government, a lot to do with the oil/fracking boom.

Jul 03, 2014 9:16am EDT  --  Report as abuse
billpr wrote:

John2731..”40 pieces of legislation”.. Name one (1) that has nothing to do with lowering TAXES.

Jul 03, 2014 9:21am EDT  --  Report as abuse
pefc69 wrote:

John 2731 please name just one jobs bill you site that the republicans put forth of the 40 you state. There is a jobs bill from Obama sitting on Congress’ desk right now, construction jobs bill, which Congress has refused to act on.

Jul 03, 2014 9:58am EDT  --  Report as abuse
pefc69 wrote:

Bighammerman why doesn’t Congress resign considering their approval is at 11% and they refuse to bring any bills to the floor. The President has to wait for a bill before he can sign one. Not even one has come to his desk for a yes or no vote.

Jul 03, 2014 10:00am EDT  --  Report as abuse
pefc69 wrote:

Bighammerman why doesn’t Congress resign considering their approval is at 11% and they refuse to bring any bills to the floor. The President has to wait for a bill before he can sign one. Not even one has come to his desk for a yes or no vote.

Jul 03, 2014 10:00am EDT  --  Report as abuse
Crash0866 wrote:

Good news but not anything to get excited about.

Jul 03, 2014 10:00am EDT  --  Report as abuse
NNZZ wrote:

They Keep repeating the same stupidity and lie about the unemployment’s rate. The rate is around 17.5 percent and anything else is propaganda. None of these people in Washington have/ will have the solution to fix this cancer. They don’t want to admit and recognize the problem as a first step. Unfortunately, millions of Americans have suffered and will suffer. It is all about demand and there isn’t a demand. The cheap money is just keeping some companies in the survival mode. On the other hand, many companies have flourished in this unstable environment by implementing the exploitation model.

Jul 03, 2014 10:02am EDT  --  Report as abuse
igot wrote:

GDP takes a downward revision of 2.9% – well below the forecast in q4 2014 – making it the worst downward revision since q1 of 2009 and the largest downward revision since mid 70s.

But they do forecast a 3.5% GDP pace for the 2nd half.

At least we have that going for us… oh, and Obamacare, too.

BTW… for you “low info” types – just remember Fed QE (ie. free money) is factored into the GDP.

But yeah, our economy is recovering – just as long as QE is bringing in the dough and Fed short-term interest rates stay @ near zero

Jul 03, 2014 10:05am EDT  --  Report as abuse
TheNewWorld wrote:

We have almost double the part time jobs as full time jobs. This is a result of the ACA, and the new reality for working Americans. Thank you Obama.

Jul 03, 2014 10:10am EDT  --  Report as abuse
SaveRMiddle wrote:

@John2731…The bills which would have helped Main Street died for one reason. Republican attached Riders. Disallowed were standalone bills for the vote would have clearly exposed just how little they care about the financial health of Main Street.

[A rider is an additional provision added to a bill or other measure under the consideration by a legislature, having little connection with the subject matter of the bill. Riders are usually created as a tactic to pass a controversial provision that would not pass as its own bill. Occasionally, a controversial provision is attached to a bill not to be passed itself but to prevent the bill from being passed (in which case it is called a wrecking amendment or poison pill).]

http://en.wikipedia.org/wiki/Rider_%28legislation%29

Jul 03, 2014 10:11am EDT  --  Report as abuse
SaveRMiddle wrote:

[Services industries employment jumped by 236,000, the biggest increase since October 2012]

Very low wage jobs. The living wage jobs millions lost are gone forever. New Global America offers no pathway back.

Jul 03, 2014 10:30am EDT  --  Report as abuse
wilhelm wrote:

‘The share of Americans with a job rose to 59 percent, the highest since August 2009.’

let that roll about in the brain…

Jul 03, 2014 10:38am EDT  --  Report as abuse
gregbrew56 wrote:

These stats have been calculated the same way for decades, and they show a trend of significant improvement in employment statistics. Bloviating and hand-waving won’t make them go away, because they are FACT. Too bad it’s reports like these that make hater’s heads explode.

Jul 03, 2014 11:05am EDT  --  Report as abuse
diluded001 wrote:

Crowdsourcing is a really accurate way to gauge trends and perceptions. You can look at political commodity tracking sites and watch the trends converge over time, to very accurately pick election winners. (IEM say it’s not looking good for a Democratic senate right now)

You get that same crowsourcing effect watching how markets react to data. It doesn’t really matter how hard Obama haters deny obvious data, the markets tell the real story. The markets are past wondering if the data it is real, or a temporary fluke, and trying to guess if the increased employment is going to create inflation. Even though these gains are only loosely coupled to government policy, nothing good could ever possibly happen under Obama. I’m pretty sure there is no information that would ever convince data deniers that things aren’t bad.

Jul 03, 2014 11:35am EDT  --  Report as abuse
halloween wrote:

What jobs? what kind of jobs. road construction jobs, jobs for only a few in special fields? What about the general population, the full time jobs. jobs with good pay and insurance, where are they?
But it is also part of the people’s fault as we do not say enough is enough and refuse to pay out money on wasted government spending and government pay but then again if people think this government care’s they don’t, if they did we as a country would not be in such a Bad shape and getting worse and then the media promotes what they are told even if it is lies.

Jul 03, 2014 11:35am EDT  --  Report as abuse
Duffminster wrote:

Of course the article studiously ignores the most important aspect of the report today. An economically meaningful headline should read:

“While Part Time Jobs surged by 800,000, Full Time jobs Plunged by Over Half a Million with zero growth in real wages. Oh yeah, that will drive consumer spending up. – Not”

Jul 03, 2014 11:46am EDT  --  Report as abuse
JustProduce wrote:

As the population of people begging at corners progressively increased over the last five years, it was difficult to see any claimed employment improvement as real. Today, it is no different. I see more desperate parents asking for money to feed their children than ever before.
I hope that improvements do take place. The human suffering is just too great every time you drive anywhere.
Unfortunately, I am not optimistic. I feel no confidence on the present administration.

Jul 03, 2014 11:48am EDT  --  Report as abuse

CONservatives have announced a candlelight vigil to mourn this terrible tragedy.

Jul 03, 2014 11:50am EDT  --  Report as abuse
COMMAND_VOICE wrote:

The chocolate ration has been increased to 20 grams a week…

Jul 03, 2014 11:51am EDT  --  Report as abuse

We are outraged by this improvement as we have made it clear that only by giving Donald Trump another tax break will we allow Americans to get back to work.
Once again the Obama administration has thwarted the will of the House and we demand his immediate impeachment!
Sincerely,
The GOP

Jul 03, 2014 11:56am EDT  --  Report as abuse
RickPlehal wrote:

The bailouts are for “union benefits and democratic votes”, as are the illegal aliens not being deported for more votes. That’s why the DOJ files a lawsuit every time a State wants to have/use ID’s for voting. If you need an ID you can’t vote-Obama bought Millions of votes in the last election that way. The Supreme Court has now joined the Republications in the “War against women”. Where did this “War” get started – by the democrats getting tired of showing Republications pushing Grandma over the cliff?? Holder and Obama needs to do their job before their noses grows so long they looks like Pinocchio. I’m in KS and we use picture ID’s and no one cares because we are too small to make a difference in the election but at least you have to have “Proof of Citizenship” to vote and we are PROUD of that. Good luck Texas and Arizona.

Jul 03, 2014 12:04pm EDT  --  Report as abuse
SAL333 wrote:

Doesn’t mean much if every other job is a temp with minimum wage and no benefits . . .

Jul 03, 2014 12:12pm EDT  --  Report as abuse
chuck2 wrote:

It would be great, since WS-profits at record levels so see hard data on how “wages up over ////” but guess that sort of truths is no for the commoners. Guess must applaud the “Street up over 17000 and the rich getting richer”, while middle/low end gets less and less, other then more and more credit cards maxed out.

Jul 03, 2014 1:54pm EDT  --  Report as abuse
Yashmak wrote:

“The Republican House of Representatives hasn’t offered 1 piece of legislation to create jobs. ” – Jay

This is completely untrue. They’ve offered numerous jobs bills, which have languished in the Senate, and have not been allowed to come to a vote by Reid.

For the record, in spite of all the accusations of the House’s obstructionism, the 112th House passed 301 bills, and the 113th passed 297. If one ignores the massive spike in bills passed during the 110th and 111th, the 112th and 113th congressional House has passed greater than the average number of bills passed by a given congressional House since 1974 (that average being 281 bills). By comparison, the 112th and 113th Senate has only passed 1/4-1/3 of the average bills passed by Senates in the same time frame.

Jul 03, 2014 2:02pm EDT  --  Report as abuse
chuck2 wrote:

Having read the postings it seems most of posters have decided there is NO economic data prior to O taking over, none on reality of worse congress ever, AKA “Our job it to assure O does not get reelected, etc’

But that is the fault of the increasingly dumbed down public and failed educations systems over the years with more emphasis on sports and gimme courses like lib art, pol sci, English and Com majors as most incompetent and not prepared for world class competitive educations. Always earier to rouse the rabble then the educated informed citizens and a lot of the right wing posters prove it.

Jul 03, 2014 2:04pm EDT  --  Report as abuse
Yashmak wrote:

Also, it should be noted that today’s jobs report numbers don’t tell the whole story. While total jobs did increase, FULL TIME jobs fell by 523,000. . .with part time jobs rising 799,000.

This puts the raw number in a substantially different light.

Jul 03, 2014 2:06pm EDT  --  Report as abuse
divinargant wrote:

As is typical so much of the time the numbers behind the headline number or the story behind the story is where the real effective information is often found..and this is another one of those times. A trend is obviously intact that part time jobs are surpassing full time and in fact as part time work takes the lead full time work is by and large actually being phased out. While this is happening the labor force participation rate is that of the late 70′s and the real beast is that wage growth is still not keeping up with inflation. So while the headline may be a market mover of which 50%+ of the population does not participate the real truth is that on the ground the situation is still much like it was and in fact growing ever more desperate.

Jul 03, 2014 2:20pm EDT  --  Report as abuse
Duffminster wrote:

A strong report???? In June the BLS reports that the number of full-time jobs tumbled by 523K to 118.2 million while part-time jobs soared by 799K to over 28 million!

Jul 03, 2014 2:32pm EDT  --  Report as abuse

It’s good to see that about 10% of the posters here looked at the BLS report. It showed that by far ALL of the gains were in part-time jobs. T

Jul 03, 2014 2:41pm EDT  --  Report as abuse
sww wrote:

High unemployment rate ===> Blame Obama & Bernake & Fed
Low unemployment rate, no “good paying jobs” ===> Blame Obama & Bernake & Fed

2009 March Dow Jones @ 6700 ===> Blame Obama & Bernake & Fed

2014 Dow Jones @ 17,000, lowest unemployment rate, no more 2 front no-end wars, economy stabilized, best economy recover in history.

As K said in MIB, People are stupid.

We have one of the best President and Fed system in the world. Ask a 10 years old anywhere in the world:

Which country is the best country?

Jul 03, 2014 2:45pm EDT  --  Report as abuse
PGMcC wrote:

This article is a bunch of non sense! Most of those gains in jobs were from PART TIME work because nobody wants to hire full time workers. Also, there was a huge plunge in full time jobs and the labor participation rate remains at 62%, a 30 year low. Nearly 100 million Americans are unemployed or underemployed. Smart folks are not buying the media lies and spin on this stuff anymore.

Jul 03, 2014 3:01pm EDT  --  Report as abuse
wakeup4321 wrote:

the LSD users like this, more phoney numbers.

Jul 03, 2014 3:05pm EDT  --  Report as abuse
Yashmak wrote:

“As K said in MIB, People are stupid. ”

Yep. They spout things like “lowest unemployment rate” while ignoring that the unemployment rate was lower as recently as May 2008, and the drastic drop in labor force participation rate. They also say things like “best economy recover(y)”, when it’s actually one of the slowest recoveries on record.

Jul 03, 2014 3:07pm EDT  --  Report as abuse
ineeditbad wrote:

NNZZ wrote:

They Keep repeating the same stupidity and lie about the unemployment’s rate. The rate is around 17.5 percent and anything else is propaganda. None of these people in Washington have/ will have the solution to fix this cancer. They don’t want to admit and recognize the problem as a first step. Unfortunately, millions of Americans have suffered and will suffer. It is all about demand and there isn’t a demand. The cheap money is just keeping some companies in the survival mode. On the other hand, many companies have flourished in this unstable environment by implementing the exploitation model.

I Enjoyed your comments. Sad but True…Our own Government is lying to us, that has been proven over the past 6 yrs of “Things are getting better” or so they told us… View your own surroundings, tell us how many Good businesses Failed in the past 6 yrs…Workforce affected…Small businesses to companies like Hostess…No more Suzie Q’s. Funny Bones, Devil Dogs…Yep, Gov at Work…

Jul 03, 2014 3:15pm EDT  --  Report as abuse
ApostasyUSA wrote:

Obama was handed the one of worst unemployment rates in history, but has still managed, under a do nothing Congress, to make substantial improvements in the jobs market.

See the bigger picture here is that the Republicans have no policy positions to offer other than that of the tired rhetoric that, “tax cuts and deregulation” are the answer to the problems with our economy. It’s obvious by now that cutting taxes for the rich did not create jobs and the war in Iraq was a huge unnecessary burden on the US taxpayer. There’s a huge chunk of the national debt right there. The cost of the war in Iraq alone could have funded Social Security for 75 years!!

People argue about presidential administrations incessantly, but GW Bush set a new standard. His failures are acknowledged, massive and easy-to-understand. Two failed wars (one actually started in error), a crashed economy caused by unregulated fraud, tax cuts for the rich, and callous indifference to natural disaster. They don’t talk about it, but I have it on good authority that GW Bush was Republican. Before the GOP gets national office they need to make a convincing case that they’re on meds and their critical thinking has been restored. “Fake to the core” and “eager sellout” are not Party platforms.

Remember when teachers, public employees, Planned Parenthood, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and paid no taxes? Yeah, me neither.

who fights for higher wages? who fights cuts to programs that help the poor survive? who fights for education grants? who fights for equal pay for women? who fights for consumer protections and regulations? who fights for the rights of the gay community? who fights for the rights of women? who fights to protect our environment?

Any clear assessment of the platforms of our two major Parties shows much difference between them. Some may call them the lesser of two evils, I call them the better of the two; the Democrats. Forget Republicans. It’s all about Hillary and the Democrats from here on out. While the Republicans are shouting themselves into oblivion the rest of us can back to work on the important issues of our day.

I see the Democrats as the center. They are not the “liberals” that they are made out to be by a news media desperate to play the center in order to profit from the electioneering of both major Parties. I have been voting for D”s because they describe a world of nuance. I find that the positions of the Democrats in energy policy, health care, war policy, civil liberties and social justice are in line with my own.

Typical of Republicans is their ability to forget what a terrible mess they handed Obama when he came to office. Republicans and the people who vote for them are terrible citizens. They can’t take credit for anything in the last few decades, so they take responsibility for nothing.

I say vote for anybody but Republicans.

Jul 03, 2014 3:18pm EDT  --  Report as abuse

Missinginaction

If all the gains were in part-time jobs, how do you explain the average increase in hours worked in today’s report?

Is it really that hard to be happy that unemployment has gone down?

Its so sad how the right gleefully celebrates any negative report that may tangentially be related to the current administration and then decries any positive report as propaganda, erroneous, etc., etc.

Because things MUST BE horrible, horrible, horrible if there’s a Democrat in the White House, and a minority one at that. And it’s OK to be just as dishonest, vindictive, pessimistic, dishonorable, misleading as the right-wing talking heads on hate radio and FOX TV.

Jul 03, 2014 4:02pm EDT  --  Report as abuse
dwf1 wrote:

Wow, those sure are pretty rose colored glass.

According to the Bureau of Labor Statistics (BLS), 92,120,000 people did not participate in the labor force last month – leaving the labor force participation rate again flat, for a third consecutive month, at the 35-year low of 62.8 percent.

http://www.bls.gov/news.release/empsit.nr0.htm

Jul 03, 2014 4:17pm EDT  --  Report as abuse
SunnyDaySam wrote:

ApostasyUSA wrote:
‘Obama was handed the one of worst unemployment rates in history, but has still managed, under a do nothing Congress, to make substantial improvements in the jobs market.’

That’s a huge FACT. The Republican’ts can’t take credit for anything – any improvement is against their solid obstruction from day one. I wonder what our economy would be like if they had compromised at all.

Jul 03, 2014 4:22pm EDT  --  Report as abuse
SunnyDaySam wrote:

ApostasyUSA wrote:
‘I find that the positions of the Democrats in energy policy, health care, war policy, civil liberties and social justice are in line with my own.’

My sentiments exactly! The GOP/TP turned this former Independent (split ticket for decades) into an anti-R forever when they killed the Veteran’s Jobs Retraining Act. That was treasonous. Now I not only vote for Anybody on the other side, I contribute to campaigns in other states. in 2012 I was 4 win one loss with those donations.

Jul 03, 2014 4:26pm EDT  --  Report as abuse
JamVee wrote:

It’s an encouraging set of statistics, but one wonders about the quality of the new jobs?

A new McDonald’s server position can’t offset a mechanical Engineer that lost his or her job in 2011. And how do these numbers take into account that mechanical engineer who gave up looking in 2013?

Jul 03, 2014 4:33pm EDT  --  Report as abuse
SunnyDaySam wrote:

John2731 wrote: ‘the Republican House of Representatives has offered over 40 pieces of legislation…’

you know, I’ve seen that meme all over. Do you happen to have a list of that GOP legislation? I’ve only seen a few examples and they all had poison pills like abortion or some other ‘social con’ thing. Thanks.

Jul 03, 2014 4:33pm EDT  --  Report as abuse
SunnyDaySam wrote:

This is what gets me for what the GOP has become: always with the negative waves, man! Think positive now and then. Cheer for the USA once in awhile. Especially on the 4th of July! This is a nation of Can-Do people – otherwise we wouldn’t be here right now.

Jul 03, 2014 4:40pm EDT  --  Report as abuse
pyradius wrote:

While you’re quoting the Temp / Permanent Job factors, you may also want to consider the large number of baby boomers retiring as these would very likely factor into these statistics.

For example, my dad is a mechanical engineer and recently retired. He still works, but now as a consultant for defense companies where he sets his own hours (this may even be considered part-time). Ironically he makes more in this consulting role than he ever made working full-time.

Jul 03, 2014 5:09pm EDT  --  Report as abuse
pyradius wrote:

While you’re quoting the Temp / Permanent Job factors, you may also want to consider the large number of baby boomers retiring as these would very likely factor into these statistics.

For example, my dad is a mechanical engineer and recently retired. He still works, but now as a consultant for defense companies where he sets his own hours (this may even be considered part-time). Ironically he makes more in this consulting role than he ever made working full-time.

Jul 03, 2014 5:16pm EDT  --  Report as abuse
bubeard wrote:

The only thing surging is your imagination!

Jul 03, 2014 5:17pm EDT  --  Report as abuse
Whipsplash wrote:

Unfortunately for the chronic doom & gloom crowd it appears we’ll have to postpone economic Armageddon yet again.
Just imagine how well we’d be doing if it were more than just Democrat’s working to improve the economy. If republicans were good at something besides destroying the President and middle-class maybe we’d have full employment.
The recession was brought to you by……….republicans.
The recovery was brought to you by………..Democrats.

Vote every republican out of every office every chance you get.

Jul 03, 2014 5:33pm EDT  --  Report as abuse
-DanDeLion- wrote:

These figures are a lie from beginning to end.
What they don’t want you to know, the corporates are all complicit in a scheme to cheat the unemployment figures and the non farm payrolls. They are doing this by cutting the hours of existing employees so they can hire more new employees. Each employee is assigned 8 to 15hrs per week. Most of these “new” jobs are taken by people who are already working two jobs and even with three jobs they are still not making 40 hrs. This means the non farm payrolls are counting many working class employees several times. and the unemployment figures are not counting millions of people who are not even making 30 hours a week.

Jul 03, 2014 7:02pm EDT  --  Report as abuse
Yashmak wrote:

“Unfortunately for the chronic doom & gloom crowd it appears we’ll have to postpone economic Armageddon yet again.”

Right, because a loss of 523k full time jobs, for the creation of 799k part time jobs, is an economic TRIUMPH! Creation of part time jobs at the expense of full time jobs, is not a recovery.

Jul 03, 2014 7:25pm EDT  --  Report as abuse
111Dave111 wrote:

Employment has now grown by more than 200,000 jobs in each of the last five months, a stretch not seen since the technology boom in the late 1990s.

Much faster than the 1929-1940 Great Recession, Thank-you President Obama.

Jul 03, 2014 7:50pm EDT  --  Report as abuse
111Dave111 wrote:

4825 wrote:
“No matter how hard Obama tries to kill off capitalism”
If you think this is true you should give some examples, but you won’t.

Jul 03, 2014 7:58pm EDT  --  Report as abuse
111Dave111 wrote:

halloween wrote:
What jobs? what kind of jobs. road construction jobs, jobs for only a few in special fields? What about the general population, the full time jobs.

NYTimes: The payroll gains in June were wide-ranging, with healthy increases in sectors ranging from manufacturing to health care, as well as financial services and transportation. [..] “This is one of the strongest reports we’ve seen since the end of the recession,” said Thomas E. Perez, the Secretary of Labor. “There was good job creation in high-wage, mid-wage and low-wage positions. It was broad-based. Obviously, there’s unfinished business,” he added, citing the still-elevated level for long-term unemployment and the still-slow rebound in sectors that were hard hit in the recession, like construction.

Forbes: All major industries covered by ADP’s report added jobs last month with professional and business services adding 77,000 jobs, trade/transportation/utilities adding 50,000 and construction adding 36,000. Manufacturing and financial activities industries were somewhat behind other industries adding 12,000 and 11,000 jobs respectively. With 230,000 jobs added service-providing businesses significantly out-hired goods-producing business which added 51,000 jobs. By company size, ADP showed businesses with less than 50 employees adding the most jobs in April at 117,000 with the smallest — under 20 employees — doing 56% of small business hiring. Mid-sized businesses with 50 to 499 employees were not far behind with 115,000 jobs added. Larger businesses added 49,000 jobs.

Jul 03, 2014 8:10pm EDT  --  Report as abuse
111Dave111 wrote:

If you wonder why better there are not better jobs, read this story:
Billions In Federal Highway Dollars At Risk If Congress Doesn’t Act
If Congress doesn’t act, the highway fund will start to go broke affecting 112,000 road projects across America.
Michael Wooten, WGRZ July 2, 2014
BUFFALO, N.Y. — New York State gets about 70% of its $1.7 billion capital projects budget for roads from the federal government, and if Congress doesn’t act, a chunk of that money may not be coming to fix local roads.
The Federal Highway Trust Fund — mostly paid by the 18¢ federal gas tax — is going broke. Cars are more efficient, construction costs are up, and the tax hasn’t been raised in 21 years.
There are several proposals in Washington to fully fund the trust, but none seems to have enough support to pass through the gridlock that has come to define our national politics.
“We have to replenish the funds,” Senator Charles Schumer (D-New York) said at an event in Buffalo Wednesday.

Jul 03, 2014 8:16pm EDT  --  Report as abuse
carnivalchaos wrote:

It’s gotten to the point where conservatives are no longer worth listening to or reading. They exist in a sad fantasy world inside their heads where Obama is this devil who’s out to destroy America and they loath the man. It’s absolutely bizarre.

Anyone else happen to catch this article: U.S. job growth surges, unemployment rate near six-year low. Is everyone aware that the stock market is at record highs and US companies have been making record profits? Obama has gotten us out of Iraq and is in the process of getting us out of Afghanistan. He’s managed to keep us from being dragged into any serious military conflicts at a time when they’re springing up everywhere. He’s also managed to keep us from experiencing any more terrorist attacks on US soil.

By any reasonable measure our President has done a good job. To say he hates America or hates capitalism and is trying to turn America socialist just defies all rational logic and ignores reality. You have to be a complete idiot to really believe all the bad things conservatives say about Obama. One can disagree with his policies, but to say that he’s way off base on everything and has been an utter disaster for the US, particularly coming after the Bush Presidency, a genuinely bad Presidency, is so wrongly twisted that it’s not even worth acknowledging. All it says is that that person is ate up with hatred to they point where they can no longer think clearly or express themselves honestly.

The conservatives have taken an ugly, boorish road which is doing serious damage to this country. Fortunately, the young people are more sane and honest. They have more progressive minds, the way Americans used to think. Conservatives fear that they are losing their identity as they see the country change. Obama has come to represent the white conservative’s loss and they hate him for it. It really has nothing to do with his actions as President. It’s all about hatred, fear and insecurity. These people need to be sidelined as much as possible by the rest of us.

Jul 03, 2014 8:52pm EDT  --  Report as abuse
Whipsplash wrote:

@Yasshmak, Keep parroting the whinning from the rightwing media that has you voting against your own self interest. We were losing 800,000 jobs a month when Obama took that mess over from bush, people were losing their homes, the markets were crashed, and manufacturing was at a standstill. Sorry if your so brainwashed that you don’t know what a recovery looks like. People will take jobs of any size, shape, or color, until higher paying full time jobs are available, jobs they couldn’t get after bush was done screwing America.
You doom and gloomers are a miserable lot.

Vote every republican out of every office every chance you get!!!

Jul 03, 2014 8:56pm EDT  --  Report as abuse
CliffVegas wrote:

Republican supporters parrot talking points from the Tea Party or Fox News. Not a whit of originality from any of them. This jobs report is good news – pure and simple. Want to know how I know? I have a job, my friends have jobs – and a lot of the jobs (not all) are good, solid payers. The guys who are republican – the ones who were bashing Obama – not so loud at parties anymore. They’re feeling the white hot fact – the GOP lied. Fox lied. The Tea Party lied. They’re still lying…

Jul 03, 2014 9:13pm EDT  --  Report as abuse
REnninga wrote:

The comments here are exactly what we have come to expect from many of you.
And it is clear that many of you simply rushed to this comments thread in order to post your unsubstantiated and false negative remarks without first even reading the article.
What do you think you are doing? Is this your way of contributing to our society, because many would see your actions as cynically tearing down what others are working very hard to rebuild.

Here is the substance of what many of you are writing:

*This isn’t good news, it is actually bad news.
*These aren’t good jobs.
*The statistical data is flawed; is bogus; is cooked; is just more Obama lies.

But the real clincher is that some of you never fail to add to your ceaseless negativity the additional dig that it is President Obama who is responsible for the nation’s divisiveness.

Honestly, some of you have the self-awareness of a potted plant. You folks can always be found at the scene of the house fire, holding your gas can and lighter, but emphatically denying that you are the arsonist …”It’s Obama’s fault!”

If you are the type of person who finds negatives in every piece of positive news about our country, …
and if you immediately see the cause of everything negative in your lives as the fault of Mr. Obama, the democrats, the liberal progressives, …
then take another long look in your mirror because YOU, and YOUR attitude, and YOUR negativity are the real problems in your life.

Sometimes the truth bites, huh?

Jul 03, 2014 9:16pm EDT  --  Report as abuse
j9h53a7jq wrote:

Indicating in your article that corporate profits are likely to go up is highly misleading, if not completely ignorant of the facts.

The BEA recently acknowledged that during Q1 corporate profits went down by $200B. Yet we did not hear from any mainstream media source that corporate profits were substantially down, and in fact the market went up.

Just acknowledge that the market is going up because an incredible amount of liquidity has been added, and there is no other place for all that money to go. Other than the abortive RE market recovery, about which nothing more needs to be said other than that there are fewer mortgages active today than when the “recovery” started in early 2012.

Jul 03, 2014 9:48pm EDT  --  Report as abuse
pyradius wrote:

freewillchoose,

You would never have the qualifications to work at the BLS, so quit pretending like you even remotely grasp the numbers at play.

“The BLS lists the following factors as primary drivers of the decline in the LFP rate since 2000: (1) the aging of the baby boomer cohort; (2) the decline in the participation rate of those 16-24 years old; (3) the declining LFP rate of women (since its peak in 1999), and (4) the continuous decline of the LFP rate of men (since the 1940s). The main factors that keep the aggregate LFP rate from falling further are the increase of the LFP rate of those 55 and older and the strong attachment to the labor force of Hispanic and Asian people, who constitute the main share of the immigrant population.”

https://www.stlouisfed.org/publications/re/articles/?id=2419

Jul 03, 2014 11:52pm EDT  --  Report as abuse
carnivalchaos wrote:

freewillchoose: That’s a pretty freaky website. Among other things, they’re selling t-shirts that say “Want a Mansion in Heaven?” Who would wear that?

Jul 03, 2014 12:10am EDT  --  Report as abuse
carnivalchaos wrote:

Think about this. If you want to see US conservatives get upset and whine, just have the news media report some good news about the United States. Conservatives, of course, don’t think of it like that, but it’s nevertheless true. Conservatives don’t like good news about America. It’s so bad with them that they consistently deny that there ever is any good news, no matter what it is.

Millions more Americans now have health insurance who didn’t have it before….Conservatives just plain hate that.

Unemployment drops to 6 year low….It can’t be; They must have rigged the numbers.

US increases oil output to 20 year high….That’s a lie; Obama hates oil companies and won’t let them drill.

Stock market at record highs….That can’t be; Obama’s a socialist bent on destroying America.

We haven’t had a terrorist attack on US soil since Obama’s been President….Benghazi! Benghazi!

Obama’s winding down our role in Afghanistan and has gotten us out of Iraq. And he’s kept us out of any serious military engagements at a time when opportunities abound….His foreign policy is terrible. He’s conveying weakness. We should be doing something somewhere.

It’s gotten crazy. This is why we can’t afford to allow conservatives in positions of power here in the US. They’re only happy when bad things happen to Americans.

Jul 04, 2014 2:03am EDT  --  Report as abuse

I realize this is yesterdays news but it takes a little time to digest the BLS data.

There is a lot of noise regarding the part time job situation. Here are the facts based on BLS historical data series LNS1260000, seasonally adjusted. Many people say that the May to June period generally shows an increase in part time employment so the recent data is somewhat normal. Looking back 11 years this opinion is questionable at best. During the period from 2004 to 2013 part-time employment increased YOY in 5 years and declined in 5 years. On average part time employment did increase but only at a rate of 66,000 jobs in the May to June period over the 10 years 2004 to 2013.

We now see a jump of almost 800,000 in new part time jobs, almost double the 497,000 gain recorded in May-June 2007 (largest gain in the 10 year period noted above by far).

Now for the full time jobs data. BLS series LNS12500000, seasonally adjusted. For the 10 years ended in June 2013 we see that the average change in full time jobs for the May-June period was +35,200 jobs per month. 2004-2006 showed big gains from 300,000 to almost 600,000 job gains per each May-June period. After that things went south with the exception of 2012 which showed a big gain of 449,000. The current 2014 May-June loss of 523,000 full time jobs lost is by far the largest month over month job loss reported in the May-June period since 2004. The next largest loss in the May-June period was in 2008 at 378,000 jobs.

Jul 04, 2014 9:02am EDT  --  Report as abuse

I realize this is yesterdays news but it takes a little time to digest the BLS data.

There is a lot of noise regarding the part time job situation. Here are the facts based on BLS historical data series LNS1260000, seasonally adjusted. Many people say that the May to June period generally shows an increase in part time employment so the recent data is somewhat normal. Looking back 11 years this opinion is questionable at best. During the period from 2004 to 2013 part-time employment increased YOY in 5 years and declined in 5 years. On average part time employment did increase but only at a rate of 66,000 jobs in the May to June period over the 10 years 2004 to 2013.

We now see a jump of almost 800,000 in new part time jobs, almost double the 497,000 gain recorded in May-June 2007 (largest gain in the 10 year period noted above by far).

Now for the full time jobs data. BLS series LNS12500000, seasonally adjusted. For the 10 years ended in June 2013 we see that the average change in full time jobs for the May-June period was +35,200 jobs per month. 2004-2006 showed big gains from 300,000 to almost 600,000 job gains per each May-June period. After that things went south with the exception of 2012 which showed a big gain of 449,000. The current 2014 May-June loss of 523,000 full time jobs lost is by far the largest month over month job loss reported in the May-June period since 2004. The next largest loss in the May-June period was in 2008 at 378,000 jobs.

Jul 04, 2014 9:02am EDT  --  Report as abuse

Hmmmm…..I’m happy to take a look at your link Bakhtin but I get an error message from the BLS….

Bureau of Labor Statistics

Notice

Friday, July 4, 2014 11:41 AM

The database is currently unavailable.
Your request was invalid for this Data Access Service. Please attempt other data requests. Thank you for using LABSTAT.

Why not go to the data that I reference and crunch the numbers for yourself?

Jul 04, 2014 11:43am EDT  --  Report as abuse
Yashmak wrote:

“If you want to see US conservatives get upset and whine, just have the news media report some good news about the United States. Conservatives, of course, don’t think of it like that, but it’s nevertheless true. ”

If you want to see a liberal iwhine about conservatives “whining all the time”, or “being negative”, while concurrently refusing to actually deal with any of the information they post, just present the actual BLS statistics in the comments about an article on job creation which doesn’t actually report all the relevant information.

Jul 04, 2014 12:12pm EDT  --  Report as abuse

Thanks,

I usually get trashed…..

Jul 04, 2014 12:47pm EDT  --  Report as abuse
carnivalchaos wrote:

Missinginaction: The following is taken directly from the BLS (I’ll include the link):

“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.”
http://www.bls.gov/news.release/empsit.nr0.htm

On this same page you’ll find tables showing seasonally adjusted employment gains broken down by industry, etc.

You write, “The current 2014 May-June loss of 523,000 full time jobs lost is by far the largest month over month job loss reported in the May-June period since 2004,” which directly contradicts the information I quoted directly from the BLS, for which I included a link.

Jul 04, 2014 1:08pm EDT  --  Report as abuse
Litlgodz wrote:

The losses in full-time employment are of course disheartening, the good news is that full-time employment over the year from June 2013 is up more than 2.1 millions, part-time is up 10,000 in the same time frame while the employment/population ratio is up 0,3% (better reflection of the employment situation than the unemployment % which is down 1,4%)
http://www.bls.gov/news.release/empsit.t09.htm
http://www.bls.gov/news.release/empsit.a.htm

P.S : I’m Canadian, I could discount that as irrelevant but I know all too well that the better the US is doing, the better Canada is doing on average. Keep up the good work!

Jul 04, 2014 1:50pm EDT  --  Report as abuse
SunnyDaySam wrote:

Yashmak wrote: ‘some 40 jobs bills which continue to languish, un-voted upon, in the Senate’

I’m still waiting for that list of ‘some 40 jobs bills’ – put up or shut up, as they say

Jul 04, 2014 4:15pm EDT  --  Report as abuse
SunnyDaySam wrote:

Litlgodz wrote: ‘I’m Canadian, I could discount that as irrelevant but I know all too well that the better the US is doing, the better Canada is doing on average. Keep up the good work!’

Hey Litlgodz; Don’t worry – most of us are thankfully not extreme wrong-wingers, as evidenced by our election of President Obama TWICE… The Koch Brothers are trying to resurrect the old ‘John Birch Society’ and they’re failing. And the more they fail, the louder their followers yell.

Jul 04, 2014 4:22pm EDT  --  Report as abuse
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