Private sector added 42,000 jobs in July, good news for workers (unemployment rate, how much)

[Wonderful Jellal]

(Reuters) - Private sector employment rose slightly more than expected in July, easing some concerns about labor market weakness ahead of a key government jobs report later this week.
Private employers added 42,000 jobs in July, compared with a revised gain of 19,000 in June, the report by a payrolls processor ADP Employer Services showed on Wednesday.
The rise in hiring was slightly higher than an estimate from economists surveyed by Reuters for a gain of 40,000 private-sector jobs. The June ADP figure originally was reported as a gain of 13,000 jobs.


Private sector sees job gains in July | Reuters

[Finn_Jarber]

Good news indeed.

[summers73]

Meanwhile, the unemployment rate looks ready to increase.

Good times ahead.

[sanrene]

42,000? You've got to be kidding me.

This is what we get after spending $1 trillion?

What a disaster.

I guess that means the jobs number for July will be negative, since all those temporary census workers will be gone.

[truthsayer2]

wow, 42,ooo new jobs....and 460,000 new unemployment requests

we have around 10 million people collecting unemployment....over 40 million people on welfare and food stamps.... nearly 50 million seniors retired from work....that's 1/3 of our population.... not to mention the children........

[sanrene]

Originally Posted by Finn_Jarber

Good news indeed.

If the news of 83,000 private sector jobs last month was met with despair and dismay, just imagine what 42,000 will be met with.

[Loveshiscountry]

Originally Posted by sanrene

42,000? You've got to be kidding me.

This is what we get after spending $1 trillion?

What a disaster.

I guess that means the jobs number for July will be negative, since all those temporary census workers will be gone.

You bring up a very good point that many for big government miss or ignore. "At what cost?"

[AnUnidentifiedMale]

Originally Posted by sanrene

42,000? You've got to be kidding me.

This is what we get after spending $1 trillion?

What a disaster.

You have no idea how much worse it could have been if that trillion hadn't been spent.

[Chango]

Yep, and I've seen some of them too! They just built a new Walmart, Mcdonald's and In n Out burger not too far from my home. What awesome places to work!

[BobTex]

Originally Posted by AnUnidentifiedMale

You have no idea how much worse it could have been if that trillion hadn't been spent.

And neither do you!

Your statement is only a shallow hypothesis!