125000 jobs lost in June...

Discussion in 'Current Events' started by brett636, Jul 2, 2010.

  1. brett636

    brett636 Well-Known Member

    June Job Losses at 125,000, But Jobless Rate Falls to 9.5%

    Published: Friday, 2 Jul 2010 | 12:31 PM ET

    By: CNBC.com with Reuters

    The US economy lost 125,000 jobs in June, more than economists had forecast, as thousands of temporary census jobs ended and private hiring grew less than expected.
    And though the unemployment rate unexpectedly fell to 9.5% from 9.7%, the lowest in a year, it was largely due to more people dropping out of the labor force.
    The report was the latest sign that the economic recovery may be faltering.
    "Overall what this does is it reinforces the market's view that the U.S. recovery is losing steam,'' said Greg Salvaggio, vice president of trading at Tempus Consulting in Washington.
    Stocks tumbled in reaction to report, while Treasury debt prices slipped.
    Private hiring rose 83,000 after increasing only 33,000 the prior month, the Labor Department said. But nonfarm payrolls, dropped 125,000—the largest decline since October—as census jobs fell 225,000.
    Financial markets had expected employment to fall 110,000 last month, with the jobless rate edging up to 9.8 percent from 9.7 percent in May.
    The government revised data for April and May to show 25,000 more jobs created than earlier reported.
  2. Lue C Fur

    Lue C Fur Evil member

    I cant wait for the Liberal Obama spin doctors and leg humpers to come out and defend how great a job the Messiah is doing...

    Let see:

    125,000 jobs lost in June, more than economists had forecast...oops!!!

    Temporary census jobs ended (gotta love govt jobs Obama created...he is good at one thing i guess)

    Unemployment fell to 9.5% from 9.7% due to more people dropping out of the labor force. (more people giving up and staying on the unemployment insurance teat.)

    Remember what Obama said..."its better than 12 or 15%"

    And Pelosi says that Unemployment insurance helps the economy...LMAO!!!!!!!!

    Lets here it for the Messiah....Yippie!!!!

    Only thing Obama is good at is:

  3. klein

    klein Für Meno :)

  4. Lue C Fur

    Lue C Fur Evil member

    Ah...the first Obama leg humper speaks.

    Temp Govt Census workers should not be used as employment numbers that are spewed by the Obama admin.

    Yes they dropped off the govt unemployment payroll but if the dems have their wish they will be extended longer...hence Pelosi and her stupid comment that unemeployment ins is good for the econ.

    Unemployment is more like 10%...but again its better than 12 to 15%.

    Now go back to Mexico or get that trip to Cuba so you can be with your socialist idol Castro.:wink2:

  5. tieguy

    tieguy Banned

    when i read that report I am amazed that someone actually types this kind of bull**** up and believes it. more people lost their jobs but the jobless rate went down because a bunch of people supposedly stopped looking. How does the stopped looking work? did they get scratched from the list because they missed an appointment at the unemployment office? how does the government decide they stopped looking?
  6. tieguy

    tieguy Banned

    castro won't take him, looks like we're stuck with him again.
  7. diesel96

    diesel96 New Member

    Without countingTemp Census workers we still gained 100,000 news jobs, in which 83,000 private sector jobs which is still below the labor growth rate but better than the last 31 months before march and apri. All you guys want to do is highlight job loss, knowing this day will come with the layoffs of all the census workers. The numbers are pointing not to a double-dip recession, but to a long, slow recovery.
    Hope you guys continue to wear knee pads and tin foils hats protecting your foreheads from all the kneeling and bobbing needed to dodge teabags......
  8. Lue C Fur

    Lue C Fur Evil member

    And another comes to the Messiahs leg...

    Looks like your knee pads are worn out with all the kneeling before your master.:wink2:

  9. Lue C Fur

    Lue C Fur Evil member

    Obama can take credit for one job created:

  10. klein

    klein Für Meno :)

    It fell thru, my airmiles are good for Air Canada flights, but not for Air Canada Vacations.
    But, if I get a cheap flight and hotel deal, like tomorrows' special $459, plus tax (way too last minute for me now), I still might go.
    I go for the beauty, and to be somewhere different.
    Here is the resort, I wanted to go to, and still might if such a good deal pops up, again.
  11. tieguy

    tieguy Banned

    Surely the masters leg is with child after all that fine humping?
  12. tieguy

    tieguy Banned

    did I ask a question as to who stops looking for work? I did didn't I?
  13. moreluck

    moreluck golden ticket member

    did you ask yourself, for the first minute and a half, "where are the people?" How is it that the resort is deserted......maybe it's a propaganda film.
  14. klein

    klein Für Meno :)

    There are probably some around thier 60's, that just said , thats it..... early retirement....and can get by.
    But, I do see your point, many others just fell of the unemployment roll, and need to get by without it... but are still looking for work.
  15. Baba gounj

    Baba gounj pensioner

    I never counted those census workers , all temps, and the stories about how they kept firing & rehiring them to pad their job count was funny and sad.
  16. diesel96

    diesel96 New Member

    Cheesey....Conservatives make good mindless sitcom viewers.....

    Lucy....When the petting zoo :pet: comes to town, be careful of those Gop Elephant walnuts bouncing on your forehead :soccerman:. It may cause brain damage.....

    Wow...I might use that ^ statement as my signature line..... Talk about Klein tipping the bottle....

    Census knew their fate when they signed up for the job..... The 125,000 figure came from 225,000 Census workers layed off. 100,000 new jobs reported. That leaves a net balanced 125,000 temp jobs lost. As bad as it sounds it's still a gain. At least we're not losing 800,000 jobs a month when Bush was a lame duck....
  17. over9five

    over9five Senior Member Staff Member

    It's Bush's fault those census workers were laid off.
  18. moreluck

    moreluck golden ticket member

    Lost 125000 jobs in June......Biden would say that's a wonderful number because it could've been so much worse.

    Hopefully for 2012, he'll be among the unemployed!
  19. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    He will be but not in the way that you hope.

    Obama/Clinton 2012
  20. over9five

    over9five Senior Member Staff Member

    I'd rather Clinton/Obama 2012....