Hiring Is Strong and Jobless Rate Declines to 6.1%

[Crabtownboy]

I can hear the gnashing of Republican teeth.

American companies are finally getting comfortable enough with the economy’s prospects to add new workers at a very healthy pace, after years of saying they lacked the confidence to hire people aggressively during a fitful recovery.

Employers added 288,000 jobs in June, the Labor Department said Thursday, the fifth month in a row that hiring has topped the 200,000 mark. The unemployment rate dipped to 6.1 percent last month, the best reading since September 2008, when the collapse of Lehman Brothers turned what had been a mild recession into an economic rout.

http://www.nytimes.com/2014/07/04/business/jobs-data-for-june-released-by-labor-department.html?_r=0

 

[InTheLight]

I can hear the gnashing of Republican teeth.

Not here. I welcome good economic news. All Americans ought to. Obama (read: the President) can't really affect the economy, except around the edges. This has been too long in coming but now that it's starting to happen we should all be cheering instead of looking for excuses not to celebrate.

 

[Revmitchell]

There is not enough to celebrate. The stock market is propped up and I do not trust it. Gas prices are sky high, food is sky high, and far too many people are unemployed. 6.1 is inaccruate and based on a lack of real information.

When people are really going back to work other than government jobs then I will see something to celebrate. Ignoring the actual jobless rate does no one any good.

 

[InTheLight]

When people are really going back to work other than government jobs then I will see something to celebrate.

Government jobs are just now seeing increases after years of decline. Job creation is broad-based and starting to really pick up.
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One of the reasons for the accelerating pace of job gains is that government employment is no longer shrinking. Since February public payrolls have increased 15,000 a month, a notable turnaround compared with earlier months of the recovery. NBER analysts estimate that the Great Recession ended in June 2009. Between that month and January 2014 government payrolls shrank about 14,000 every month, an astonishing and depressing record for a nation struggling to recover from its worst recession in seven decades. On net the turnaround in government employment has boosted payroll gains in recent months by about 25,000 a month compared with the first 55 months of the recovery.

http://www.brookings.edu/blogs/jobs/posts/2014/07/03-employment-gains-accelerate-june-burtless

 

[Revmitchell]

Also most of the jobs have not been to Americans of which the unemployment reamins high but have gone to immigrants.

 

[thisnumbersdisconnected]

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

 

[InTheLight]

Also most of the jobs have not been to Americans of which the unemployment reamins high but have gone to immigrants.

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. Only construction, which gained a mere 6,000, reflected the slow recovery of previous years.

Local governments added 18,000 education workers.


So....immigrants are taking the bulk of 17,000 financial and insurance jobs. The bulk of the 40,000 retail jobs (where speaking English is undoubtedly a needed skill), and the bulk of the 18,000 education jobs (where speaking English is undoubtedly a needed skill).

Yeah, sure....whatever.

 

[Revmitchell]

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. Only construction, which gained a mere 6,000, reflected the slow recovery of previous years.

Local governments added 18,000 education workers.


So....immigrants are taking the bulk of 17,000 financial and insurance jobs. The bulk of the 40,000 retail jobs (where speaking English is undoubtedly a needed skill), and the bulk of the 18,000 education jobs (where speaking English is undoubtedly a needed skill).

Yeah, sure....whatever.

I have already posted the report in another thread so yep sure is.

 

[thisnumbersdisconnected]

... retailers 40,200 ... Restaurants and bars employed 32,800 more people.

Low paying, minimum wage or slightly above. Big deal.

Only construction, which gained a mere 6,000, reflected the slow recovery of previous years.

Imagine that. At a time of a housing boom. Why do you suppose that is?

Local governments added 18,000 education workers.

Every year new teachers are hired to replace teachers who retired or moved on to another career. Over the last three years, teacher retirements have spiked to unprecedented levels. That's your "18,000 education workers" that were hired. These aren't new jobs. They are hires made to replace teachers in existing position. If you don't believe this, Google "Teacher retirements increase" and you will get page after page of reports from various school systems all over the country reporting this "phenomenon."

So....immigrants are taking the bulk of 17,000 financial and insurance jobs. The bulk of the 40,000 retail jobs (where speaking English is undoubtedly a needed skill), and the bulk of the 18,000 education jobs (where speaking English is undoubtedly a needed skill).

Yeah, sure....whatever.

Go argue with the Center for Immigration Studies:

Government data show that since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal). This is remarkable given that native-born Americans accounted for two-thirds of the growth in the total working-age population. Though there has been some recovery from the Great Recession, there were still fewer working-age natives holding a job in the first quarter of 2014 than in 2000, while the number of immigrants with a job was 5.7 million above the 2000 level.

You and CTB love ignoring the truth. Take off the rose-colored glasses, stop drinking the Kool-Aid, wave away the smoke and throw away the mirrors. None of what you believe about the economy is true.

 

[Earth Wind and Fire]

Low paying, minimum wage or slightly above. Big deal.Imagiine that. At a time of a housing boom. Why do you suppose that is?Every year new teachers are hired to replace teachers who retired or moved on to another career. Over the last three years, teacher retirements have spiked to unprecedented levels. That's your "18,000 education workers" that were hired. These aren't new jobs. They are hires made to replace teachers in existing position. If you don't believe this, Google "Teacher retirements increase" and you will get page after page of reports from various school systems all over the country reporting this "phenomenon."Go argue with the Center for Immigration Studies:You and CTB love ignoring the truth. Take off the rose-colored glasses, stop drinking the Kool-Aid, wave away the smoke and throw away the mirrors. None of what you believe about the economy is true.

You tell them...need a reality check.:thumbsup:

 

[gb93433]

How many quit looking for a job and been removed from the unemployment list and so the unemployment percentage declines. Last I read we have the highest numbers who are not working in about 30 years.

 

[Earth Wind and Fire]

How many quit looking for a job and been removed from the unemployment list and so the unemployment percentage declines. Last I read we have the highest numbers who are not working in about 30 years.

Only something like 60% of the US citizens actually have jobs....recovery my parse .... bunch of liers!

 

[carpro]

Garbage in- garbage out.

The unemployment rate is a lie. Has been for years.

Everytimee a few hundred thousand people finally just give up looking for work and go completely on the government dole, the unemployment rate goes down.

If enough people quit looking for work, the unemployment rate will be zero.

It's a farce.

 

[carpro]

The broadest measure of unemployment, which includes people who are working part time because full-time positions are not available, stands at 12.1 percent. And the proportion of Americans in the labor force has been stuck for three straight months at 62.8 percent, a 36-year low, and is down sharply from 66 percent in 2008.

And that's supposed to be good news?

Yeah. Right.