Struggling economy adds paltry 80k jobs in June

[PokerGuy]

http://economywatch.msnbc.msn.com/_...584-us-economy-struggling-to-create-jobs?lite

Not good..... We'll see how the market reacts today.

 

[Nintendesert]

80,000 is a lot! I don't know why anyone would be upset by it. The march towards recovery continues.

 

[PokerGuy]

80,000 is a lot! I don't know why anyone would be upset by it. The march towards recovery continues.

<taps sarcasm meter>

80k is not even nearly enough to keep up with the growth of the population. It's definitely not good news, and it doesn't look like a "march towards recovery".

 

[Genx87]

Throw another 800 billion at it.

 

[Nintendesert]

<taps sarcasm meter>

80k is not even nearly enough to keep up with the growth of the population. It's definitely not good news, and it doesn't look like a "march towards recovery".

Would you be willing to negotiate march down to perhaps a crawl then? ()

 

[The-Noid]

But but but, government employment. Oh wait they were only down 4k.

 

[Matt1970]

Throw another 800 billion at it.

And then run around threatening to raise taxes and threaten more regulations.

 

[Linux23]

Under Romney, we would have had double that number of jobs created...



Over seas.

 

[mshan]

Seasonal Adjustment Factor:

"So the first question to ask is whether seasonal adjustments matter?

And the answer is yes.

All we have to do is look at the May jobs report without the seasonal adjustment.

Looking at the raw data, April 2012 nonfarm payrolls totaled 132,938,000, while May 2012 nonfarm payrolls were 133,727,000.

In actuality, there were 789,000 jobs created in May, a far different picture than the seasonally adjusted 69,000 jobs."


http://www.bizjournals.com/washington/blog/2012/06/the-thing-about-seasonal-adjustments.html

Work week increased slightly, wages up...

HP and Best Buy undergoing major restructuring...





This commentary on the June ADP Employment Report from yesterday (http://www.morningstar.com/Cover/videoCenter.aspx?id=559062) small and medium businesses are hiring, large corporations are pausing (shuffling people around to where needs are), and everyone seems reluctant to fire because they now realize that although it is easy to fire, if and when business picks up again, it is very difficult to again find someone with the particular skill set they need.

 

[a777pilot]

LOL!

What is funny is all of you actually believe the numbers put out by this government.

That begs the question.....What are you on?

 

[xj0hnx]

Yes, I'd like you to cut it in half, and then double it

On the road to recovery, the long, pothole filled, dirt road.

 

[Linux23]

LOL!

What is funny is all of you actually believe the numbers put out by this government.

That begs the question.....What are you on?

what are you implying?

 

[TheBlackRabbit]

Throw another 800 billion at it.

Sounds like a good idea.

So a permanent, 20% across the board, multi-trillion dollar tax cut is a better plan than Obama's jobs act? Bush's tax cut didn't pay for itself, so we can't use that myth anymore, especially considering these are drastically more top-heavy.

It's screwed up that the GOP is going to say trillions in tax cuts to the top is NOT a stimulus and be ready to vote for it right away, even with 51 votes, yet Obama's stimulus bill that consisted of billions of tax cuts is 100% all government spending

from 2010:

IMF: This Recovery Will Die Without More Stimulus
http://articles.businessinsider.com..._1_global-recovery-dominique-strauss-kahn-imf

The IMF is also currently suggesting more stimulus for the united states, but of course only the GOP knows best.

Sure regulations are such a big issue. Please name a few for us all.

And then run around threatening to raise taxes and threaten more regulations.

Sure regulations are such a big issue. Please name a few for us all.

http://www.addictinginfo.org/2012/06/20/future/

CFO's list budget deficit on their list, but not regulations. What is more surprising is you would expect them to say it even if it wasn't true for propaganda purposes. How many CFO's would list budget deficit if there was a rational discussion about them in the press instead of unrealistic doomsday scenarios.


http://www.cepr.net/index.php/blogs/beat-the-press/the-regulation-monster-and-the-confidence-fairy

"In short, there is about as much evidence for the regulation monster in the energy industry as there is for the confidence fairy in the macroeconomic picture."

Having heard these stories, Jonathan Weisman went to western Pennsylvania, which is at the center of the Marcellus Shale, in search of the regulation monster. While the piece includes comments from industry people who complain about regulation, the people who live in the area all report no evidence of any regulation whatsoever. They seem to believe that the industry gets away with pretty much whatever it wants.

The evidence on natural gas prices would seem to support the residents' case. The current spot price is down by more than 40 percent from what it was when President Obama took office. In fact, there have been many reports in the business press of gas companies scaling back drilling plans because prices are too low.

So, if anything, natural gas production is so successful companies might scale back and domestic oil production is booming. And this is in the ENERGY industry.

 

[a777pilot]

what are you implying?

I wasn't impying. I was inferring. Yes, it means exactly what you thought it was.

 

[sixone]

1/3 of those jobs added are temporary positions.

Employers are going to be looking at their numbers pretty closely, and small businesses are going to have to carefully evaluate hiring that 20th or 50th person, because of how that changes their liability under Obamacare. Using employees from temp agencies protects them from those liabilities.

 

[wirednuts]

anything to make temp agencies stronger is a bad thing imo. i fucking hate going to those places, but sometimes you just have to.

 

[Don Vito Corleone]

I wasn't impying. I was inferring. Yes, it means exactly what you thought it was.

No, you were implying and/or asking the reader to infer. Why you would "correct" someone else with incorrect information (you obviously don't know what these words mean) is a mystery to me. You also don't appear to know the proper usage of "begs the question," though in fairness most people get that wrong.

 

[trenchfoot]

So we had eight years of the Repubs living their utopian dream of tax cuts for the rich and dereg/ignore regs to their hearts content, and their house of cards came falling down. Then, standing in this carnage, these Repubs INSIST that what we needed to rebuild their house of cards is more of what caused the carnage in the first place and that if anybody tried to fix it any other way they were going to make sure it didn't happen.

Why? Because these Repubs wanted to make sure their house of cards falls down again because......it was only the middle class and the poor that suffered through this carnage while rich got richer and more powerful doing it.

A proven formula for failure made the rich get so much richer. Why wouldn't they want to keep repeating these cycles of disasters when it's in their own best interest to keep it going?

 

[Sonikku]

The corporations are pulling for the American economy, doing everything they can to make more jobs for America. But Obama is destroying jobs left and right with all of the harmful policies he keeps getting through congress.

 

[Infohawk]

I still don't really see any basis for a solid jobs recovery in the developed world. There are factors beyond the normal boom and bust cycle at play here.

The corporations are pulling for the American economy

Corporations don't have feelings.

 

[umbrella39]

And Romney will fix this how again? Hey, how come those job creators aren't creating jobs with their tax cuts like were promised by the GOP?

You mean to tell me that trickle down is just bullshit? Seriously? Wow!

 

[a777pilot]

No, you were implying and/or asking the reader to infer. Why you would "correct" someone else with incorrect information (you obviously don't know what these words mean) is a mystery to me. You also don't appear to know the proper usage of "begs the question," though in fairness most people get that wrong.

Definition of INFER. transitive verb. 1: to derive as a conclusion from facts or premises

IMPLY verb (used with object), im·plied, im·ply·ing. 1. to indicate or suggest without being explicitly stated

What is the difference....exactly?

• TO IMPLY IS FOR THE GIVER OF INFORMATION TO SUGGEST INDIRECTLY

• TO INFER IS FOR THE RECEIVER OF INFORMATION TO MAKE A GUESS USING SPECIFIC EVIDENCE

You are correct. I was wrong but learned something. Thank you for the correction. Well done.

 

[Gigantopithecus]

You are correct. I was wrong but learned something. Thank you for the correction. Well done.

Is this really P&N...?

 

[Genx87]

Sounds like a good idea.

So a permanent, 20% across the board, multi-trillion dollar tax cut is a better plan than Obama's jobs act? Bush's tax cut didn't pay for itself, so we can't use that myth anymore, especially considering these are drastically more top-heavy.

It's screwed up that the GOP is going to say trillions in tax cuts to the top is NOT a stimulus and be ready to vote for it right away, even with 51 votes, yet Obama's stimulus bill that consisted of billions of tax cuts is 100% all government spending

from 2010:

IMF: This Recovery Will Die Without More Stimulus
http://articles.businessinsider.com..._1_global-recovery-dominique-strauss-kahn-imf

The IMF is also currently suggesting more stimulus for the united states, but of course only the GOP knows best.

Sure regulations are such a big issue. Please name a few for us all.

Sure regulations are such a big issue. Please name a few for us all.

http://www.addictinginfo.org/2012/06/20/future/

CFO's list budget deficit on their list, but not regulations. What is more surprising is you would expect them to say it even if it wasn't true for propaganda purposes. How many CFO's would list budget deficit if there was a rational discussion about them in the press instead of unrealistic doomsday scenarios.


http://www.cepr.net/index.php/blogs/beat-the-press/the-regulation-monster-and-the-confidence-fairy

"In short, there is about as much evidence for the regulation monster in the energy industry as there is for the confidence fairy in the macroeconomic picture."

Having heard these stories, Jonathan Weisman went to western Pennsylvania, which is at the center of the Marcellus Shale, in search of the regulation monster. While the piece includes comments from industry people who complain about regulation, the people who live in the area all report no evidence of any regulation whatsoever. They seem to believe that the industry gets away with pretty much whatever it wants.

The evidence on natural gas prices would seem to support the residents' case. The current spot price is down by more than 40 percent from what it was when President Obama took office. In fact, there have been many reports in the business press of gas companies scaling back drilling plans because prices are too low.

So, if anything, natural gas production is so successful companies might scale back and domestic oil production is booming. And this is in the ENERGY industry.

I am at the point of doing nothing and letting the market sort itself out. No tax cuts, no stimulus. People are sitting on the sidelines waiting to see how and where their money should go based on govt policy. And then game the system based on what the govt picks.

 

[trenchfoot]

The corporations are pulling for the American economy, doing everything they can to make more jobs for America. But Obama is destroying jobs left and right with all of the harmful policies he keeps getting through congress.

Oh please do list all these harmful policies that he keeps getting through a Congress that is stifled and stuffed by the Repub's incessant use of filibusters, hostage holding and obstructionism.

Please do tell.