July jobs report: Hiring picks up, unemployment rises

Jan 2011
12,143
5,214
east coast
Which leaves us with one step forward, better than no steps forward, but not too reassuring.
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
168,000 isn't even a zero growth rate. This is more moving away from the jobs market.

The economy is done, if we can't produce 250,000 jobs per month, then it is nonsense. Hell at that rate it would take about 5 years to get a slight grip on unemployment.

I did notice the fed took the opportunity to move the market back to their 13,000 point magic number.
 
Sep 2006
14,096
1,007
Unemployment rose to 8.3%

This is the real headline. The Left in the media are trying to downplay another disasterous economic report.
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
'Real' Unemployment Rate Shows Far More Jobless

Unfortunately even the U6 rate isn't very accurate, but it had about doubled since 2007. No jobs were created in that period, and the truth is, a hell of a lot of jobs were lost. There is the so called recovery in the jobs market.

If one looks at the Job Participation Market, and add it to the unemployed you would see about 45% real real unemployment, not 8.whatever.