U.S. Adds 281,000 Jobs in June

Discussion in 'News / Current Events' started by InTheLight, Jul 2, 2014.

  1. InTheLight

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    Employment at companies climbed in June by the most since November 2012, a sign the U.S. job market is strengthening along with demand, a private payrolls report showed today.

    The 281,000 surge exceeded the most optimistic forecast in a Bloomberg survey and followed a 179,000 increase in May, data from the ADP Research Institute in Roseland, New Jersey, showed. The median estimate of economists called for a 205,000 advance.

    Businesses are taking on more workers and limiting dismissals, bolstering economists’ projections that the economy will strengthen after a first-quarter contraction. A Labor Department report tomorrow may show private payrolls climbed by 213,000 workers last month, according to the Bloomberg survey.

    “It all points to a relatively optimistic outlook,” said Lewis Alexander, U.S. chief economist for Nomura Holdings Inc. in New York, who projected a gain of 240,000. “Businesses are seeing demand and the fact that they’re hiring supports that.”

    http://www.bloomberg.com/news/2014-...-u-s-boosted-payrolls-by-281-000-in-june.html
     
  2. thisnumbersdisconnected

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    From the linked article: "Companies employing 500 or more workers added 49,000 jobs. Medium-sized businesses, with 50 to 499 employees, took on 115,000 workers and small companies increased payrolls by 117,000, the most since February 2012."

    "Mom and pop shops" did the most hiring. These will turn out to be summer jobs for high school and college students. Undoubtedly they are part-time jobs at minimum wage or slightly above. Employment in construction rose by 36,000, while factories added 12,000 jobs. The construction jobs will be shown to be seasonal highs, given we've entered the summer construction season, and many of those are also going to be college students' summer employment, as will some of the manufacturing jobs.

    More Obama spin, which will "adjusted downward" when they think no one is looking.
     
  3. InTheLight

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    You can't know this. The article says "small companies". In this context small companies are 50 or less employees, not "mom and pop shops". Why would mom and pop shops need to hire a student for 3 months?

    Again, you don't know this. The fact that estimates were 240,000 AND included the summer job by students factor, and then jobs came in at 281,000 kind of put a hole in your theory.
     
    #3 InTheLight, Jul 2, 2014
    Last edited by a moderator: Jul 2, 2014
  4. thisnumbersdisconnected

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    Do your research, Investor! What are kind of people own the majority of those < 50-employee companies?
    Pizza, print shop, package delivery, construction labor (I hired a recently graduated high school senior last week to help clean up job sites -- he's my only employee, as my wife and I don't take a salary), ice cream shops, fast food joints, any kind of mom and pop business you can imagine hires summer help. And how is it you don't know that?
    My employee will leave in August to go to college. I can name thirty other builders in just this section of metro Kansas City who hired young men and women just like him for the exact same purpose, and they're all leaving in August for school, too. You really don't have a grip on employment numbers at all, I see. The government issues a Kool-Aid ration every single month. It isn't champagne. Stop drinking it.
     
  5. InTheLight

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    You say mom and pop shops did the most hiring, yet anyone can see that of the 281,000 jobs, only 41.6% were from firms with less than 50 employees.

    When I think "mom and pop" shops I'm thinking of family businesses, likely sole proprietorships, that have 1 or 2 owners and probably less than 10 total employees. How many of the 117,000 jobs hired by companies with less than 50 employees fall into this category?

    Your personal anecdotes are not the full picture. 41.6% of all jobs is not equal to "most jobs".
     
    #5 InTheLight, Jul 2, 2014
    Last edited by a moderator: Jul 2, 2014
  6. Revmitchell

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    You are welcome to believe whatever you want about the economy. It is a free country. Shoot people even beleived Jim Jones. If your purpose in these threads is simply to prove others who disagree with you wrong then that is your issue.

    The reality is the stock market is propped up, the majority of people not working want jobs but gave up looking, and Obama policies continue to stagnate the economy.

    Your rose coloerd glasses is not going to change any of that.
     
  7. poncho

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  8. thisnumbersdisconnected

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    Which is about ten times the amount that were hired by manufacturing, which is a sector you made a point of touting "growth" in on another thread here today. That means, whether you want to believe it or not, more than half those 117,000 jobs will go away in August when high school and college kids go back to school. You're truly clueless in this discussion. Summer jobs have always been created by small business, and that continues to be the case. These "jobs" are not quite smoke and mirrors but they aren't boons to the economy either. They are temporary, minimum-wage, non-benefit jobs. When manufacturing hires 117,000 people in one month, I'll get excited. This is nothing to get excited about -- unless, of course, you're drinking sugar-enriched Kool-Aid.
    History tells us, "most of them." Again, you're denying reality just to be right, as Rev said.
    Maybe mine alone aren't. But most of these jobs came from small business owners like me, and will go the same route my employee will in six weeks.
     
  9. carpro

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    Still pitiful.
     
  10. Salty

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    So what you are saying is that not even ONE Americian born citizen got one of those net jobs?
     
  11. Crabtownboy

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    I wish the numbers had been even better. Time will tell on the real numbers. Some think the numbers are low.

    Romney and the GOP are in favor of helping and protecting the big companies at the expense of the "mom and pop companies."


    I have wondered how many mom and pop stationary stores Romney put out of business when Staples was created and grew. I really do not like Stapes or Office Depot, but have no real choice here for many office products.
     
  12. InTheLight

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    OK, here's some of the numbers:

    The job gains in June were widespread. Factories added 16,000 workers, retailers 40,200. Financial and insurance firms increased their payrolls by 17,000. Restaurants and bars employed 32,800 more people last month. Only construction, which gained a scant 6,000, appeared to reflect the slow recovery of previous years.

    Employment in food services and drinking places rose by 33,000 in June and has increased by 314,000 over the past year.

    So 314,000 over 12 months is an average of 26,000 a month. Thus, the temporary teen-age summer job scenario you claim is the basis for most of these job gains is only 7,000 above the average yearly rate.

    Only construction, which gained a scant 6,000, appeared to reflect the slow recovery of previous years.

    Among the major worker groups, the unemployment rates for adult women (5.3 percent) and blacks (10.7 percent) declined in June, and the rate increased for teenagers (21.0 percent).

    http://www.bls.gov/news.release/empsit.nr0.htm

    June's job gain followed additions of 217,000 jobs in May and 304,000 in April, figures that were both revised upward. Monthly job gains so far this year have averaged 230,833, up from 194,250 in 2013.

    http://www.startribune.com/business/265681201.html


    And now, some of your "greatest hits" from this thread. I hope you like your crow grilled with some BBQ sauce.

     
  13. InTheLight

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    It's improving.

    June's job gain followed additions of 217,000 jobs in May and 304,000 in April, figures that were both revised upward. Monthly job gains so far this year have averaged 230,833, up from 194,250 in 2013. Job growth has averaged 272,000 over the past three months. In May, the economy surpassed its jobs total in December 2007, when the Great Recession officially began.

    But there is still a long ways to go.

    Researchers at the liberal Economic Policy Institute estimate that 6.7 million more jobs would have been needed to keep up with population growth. The challenge is whether the job gains will pull more Americans back into employment and lift wages that have barely budged. Many people who lost jobs during the recession and were never rehired have stopped looking for work. Just 62.8 percent of adult Americans are working or are looking for a job, compared with 66 percent before the recession.

    http://www.startribune.com/business/265681201.html


    When the numbers start exceeding 300,000 to 350,000 a month that will be a real good sign we're in a nice recovery.
     
  14. righteousdude2

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    So what?????

    ..... how many of those jobs are seasonal? How many are low paying, minimum pay, and part time?

    I don't believe those numbers, because I still know at least 40 people who can't find a job for the life of them, and all of them are now on welfare because unemployment is exhausted!

    The number are more smoke and mirrors than reality! :BangHead:
     
  15. righteousdude2

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    Did CTB put you up to this?

    :laugh::laugh::laugh:
     
  16. thisnumbersdisconnected

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    To quote the Buick commercial I've been seeing lately: "That's what I told him!" :laugh: :BangHead:
     
  17. InTheLight

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    It was the fifth-consecutive month that job growth has topped 200,000 — the best stretch since the technology boom of the late 1990s — and gains were widespread, led by professional and business services, retail, restaurants and health care.

    “It looks very good, broad-based job growth,” said Gus Faucher, a PNC Bank economist. “There's really not a lot of negative to take from this one.”


    http://triblive.com/business/headlines/6389067-74/labor-job-jobs#axzz36WBkGQ00

    Anecdotal evidence is not proof. I don't know anyone that is unemployed. I don't know anyone that was laid off during the recession. Does that mean it didn't happen?

    Based on your feelings, not facts.
     
  18. InTheLight

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    You are a professional counselor. Surely you know the phrase "living in denial".
     
  19. thisnumbersdisconnected

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    Yes. But I'm sure there are qualified counselors in your area that can help you through that disorder. :laugh:

    See [URL="http://www.baptistboard.com/showthread.php?t=94187&posted=1#post2124375]this post[/URL].
     
  20. righteousdude2

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    I see you live in MN....

    I live in the Golden State of Southern California. One of the highest unemployment rates, still!

    Take a gander at this:

    May 2014 Month/Month Year/Year
    National 6.3% 0.0 -1.2
    California 7.6% -0.2 -1.4

    Then you, and I mean YOU, need to take into account that there are millions who are no longer carried on unemployment rolls because they have run out of benefits. Plus there are the UNDER-EMPLOYED, and unempoyable due to their past experience not being relevant to current job openings!

    Which is why America needs to resurrect CETA.

    I'll say it again, your numbers are smoke and mirros, put together by a desparate administration trying to get the heat of several bad scandals off their political backsides, and to quell the anger about the illegal children crowwing the border in droves.

    BTW - this number of illegals will surely drive up the number of unemployed once they hit the open market. One of two things will happen. They will take jobs from Americans at lower pay [putting Americans out of work, AGAIN] ... or if granted assylum, they will qualify for welfare until they get a job and be counted in the unempyed numbers!

    So, ITL, enjoy your short lived pride, it is about to change!:type:
     

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