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Old 07-06-2013, 08:16 AM
 
16,784 posts, read 9,115,884 times
Reputation: 6800

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The June Jobs Numbers are being called solid.

However, when you look at the details you notice the following:

-Full Time jobs shrank again, making it 6 straight months of shrinking full time jobs.

-The increase is coming from part time jobs...many of which were gained by people who already had part time jobs or just lost a full time job, so the unemployment numbers didn't budge.

-Employment Participation Rate went up 0.1%. So we are still at all time lows since 1979, or all time lows for prime working age Americans since 1984. We are still below where we were a year ago in June 2012.

-Still have less payroll jobs than we did 5.5 years ago...despite the fact that the population has increased and we in June just once again broke the record for part time jobs in America while full time jobs (typically with benefits) shrinks and many workers are double counted in that payroll jobs number. For example...1 guy with 3 part time jobs...equals 3 different jobs for this number.

-More part time jobs in raw numbers and in ratio than at any other time in recorded US history. Part time jobs tend to not have benefits. Benefits comprise of 31% of total compensation in America.

-Underemployment rose by 0.5% in June.

-Still increasing to the all time highs of the rate of poverty in over 50 years.

-Still adding to those who live off of government assistance, all time high in the existence of the country.

-45% of recent college grads have a job where a college degree is not required.

RealClearMarkets - A Solid Jobs Report? No, This Is a Crisis

Review & Outlook: Part-Time America - WSJ.com

I just don't see the excitement.

Last edited by michiganmoon; 07-06-2013 at 08:28 AM..
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Old 07-06-2013, 08:17 AM
 
11,087 posts, read 6,993,217 times
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Why do you think O delayed the employer insurance mandate?

Notice he didn't delay the individual mandate.
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Old 07-06-2013, 08:24 AM
 
Location: LEAVING CD
22,952 posts, read 22,542,487 times
Reputation: 15493
Nobody wants to see the U6 number, that's why the calculations were changed, it didn't fit the narrative.
We are truly living in OZ now and the public are the munchkins.

The number that should SCARE people is U6 at 14.6% as that's the number that people FEEL the impact of.

Do not look behind the curtain, the great OZ will take care of it all.
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Old 07-06-2013, 08:29 AM
 
Location: Great State of Texas
86,093 posts, read 72,515,954 times
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Once amnesty is passed though they expect the number of unemployed to steeply rise for a while.
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Old 07-06-2013, 08:30 AM
 
16,784 posts, read 9,115,884 times
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Is Obamacare costing America full time jobs as some employers of low skill positions look to avoid paying for health insurance.

I know people like Maddow said this was an insane theory by the evil GOP -- but how else do you explain 6 straight months of less full time jobs, while part time jobs increase?
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Old 07-06-2013, 09:03 AM
 
Location: The Lone Star State
8,031 posts, read 7,636,497 times
Reputation: 5042
Not good. But, this is what people voted for, so...
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Old 07-06-2013, 09:05 AM
 
Location: New Mexico
8,388 posts, read 8,341,042 times
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Wink Poor June Jobs Numbers?

Oh darn!

The economic news just isn't bleak enough for the Obama haters to celebrate.
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Old 07-06-2013, 09:12 AM
 
16,784 posts, read 9,115,884 times
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Quote:
Originally Posted by skoro View Post
Oh darn!

The economic news just isn't bleak enough for the Obama haters to celebrate.
Are these numbers good? Why the celebration for some?
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Old 07-06-2013, 09:20 AM
 
Location: Riverside
4,088 posts, read 3,692,279 times
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Quote:
Originally Posted by michiganmoon View Post
Are these numbers good? Why the celebration for some?
It is smart of you guys to keep beating the Tom-toms on the sluggish economy, because for 2016 it will be the only legitimate issue left for the GOP.

But the Republicans better start looking around for a candidate with broad appeal, who can make a case for a "Republican Recovery".

Rottsa ruck
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Old 07-06-2013, 09:26 AM
 
16,784 posts, read 9,115,884 times
Reputation: 6800
Quote:
Originally Posted by Gurbie View Post
It is smart of you guys to keep beating the Tom-toms on the sluggish economy, because for 2016 it will be the only legitimate issue left for the GOP.

But the Republicans better start looking around for a candidate with broad appeal, who can make a case for a "Republican Recovery".

Rottsa ruck
That is a real edgy MSNBC comment, you should send it along to Mr. Tingly Leg himself.

However, stay on topic please.

Are these good numbers?

-shrinking full time jobs.

-increasing poverty rate.

-worst employment participation since 1979.

-increasing food stamp rate.

-less hours worked per American.

-declining household income.

Mind you - ALL of these numbers are worse since Obama declared a "recovery" had begun.
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