JUNE JOBS REPORT MISSES EXPECTATIONS, UNEMPLOYMENT 8.2%
◼ The U.S. economy created just 80,000 jobs in June: Unemployment 8.2% - CNBC
Drudge headlines:
◼ Just 80,000 jobs added in June... - Business Insider
◼ One-third at temp agencies... - TIME
◼ Unemployment rate for blacks jumps to 14.4%... - Business Insider
◼ Rate stuck at 11% for Hispanics... - Daniel Halper/Weekly Standard
◼ 780,000 Fewer Women Employed Under Obama... - CNS
◼ WHITE HOUSE: 'NO QUICK FIXES'... - Daniel Halper/Weekly Standard
◼ Romney: 'It Doesn't Have To Be This Way'... - Daniel Halper/Weekly Standard
◼ Anxiety mounts as economy limps into 2nd half... - CNBC
◼ DOW PLUNGES... - CNBC
◼ Team Obama predicted 5.6% today with stimulus... - AEI
◼ IMF to cut global growth forecast... - Reuters
◼ 'Tilted to the downside'... - Telegraph
◼ Mitt Romney addressed the press 90 minutes after the BLS released the June jobs report, and hammered Barack Obama for his economic policies and ObamaCare. “This kick in the gut has to end,” Romney told the press, and during a question-and-answer period put a large amount of the blame on ObamaCare. “When three-quarters of small businesses say that ObamaCare is keeping them from hiring,” Romney replied, “it shows that President Obama has put his liberal agenda ahead of job creation.” - HotAir
Obama, meanwhile, called today’s report “a step in the right direction.” Er ….
◼ Negative Job Growth - Larry Johnson/NoQuarter
After almost four years of Obama policies, the number of Americans unemployed or not in the labor force has ballooned to 4,817,000. That is the horrific increase and the statistics do not tell the story of mothers and fathers depressed because they cannot find work and feed their families. These are not mere numbers. Oh, and the ones hardest hit? African Americans and Latinos.◼ Jobs report: 80K jobs added, 8.2% jobless rate; Update: Worst quarter in 2 years - HotAir
It is one thing to endure the inane verbal gymnastics and contortions of Obama cheerleaders who insist Obama’s economic policies are working, but it is outrageous that the mainstream media continues to probe the feces looking for flecks of gold. Shit is shit folks, and the latest numbers on unemployment are truly shitty.
The number no longer in the labor force is truly shocking. We have seen a surge of SIX MILLION THREE HUNDRED THIRTY THREE THOUSAND (6,333,000) men and women who are no longer in the labor force. That is the only way Obama can pretend that unemployment is holding steady.
Here is the critical number for measuring where we stand. I will put this in caps–THERE ARE FOUR MILLION EIGHT HUNDRED SEVENTEEN THOUSAND (4,817,000) AMERICANS WHO ARE UNEMPLOYED OR NOT IN THE LABOR FORCE AFTER THREE PLUS YEARS OF OBAMA POLICIES.
Let Obama run on that. His plan is to push Americans out of the job market. If you are comfortable with that kind of economy then Obama is your boy.
