Unemployment Rate Rises To 9.2%. Only 18k Jobs Produced Last Month. Great Job Obama!!

[rc8222]

http://www.google.com/url?sa=t&sour...AFQjCNFuQDCgoAnTB7GNn-hfXHNLZcaOww&sig2=6shst

July 8 (Bloomberg) -- U.S. employers added 18,000 workers in June, less than forecast and the fewest in nine months, while the unemployment rate unexpectedly climbed to 9.2 percent, the highest level this year. The increase in payrolls followed a 25,000 gain in May that was less than half the rise initially estimated, Labor Department data showed today in Washington. The median estimate in a Bloomberg News survey called for a June gain of 105,000. Lizzie O'Leary reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)



I see that Obama trillion dollar job stimulus has worked wonders eh??? LOL!!!!

 

[Mercor]

There are still about 145 million jibs in the USA.

Obama has saved them.

 

[bugscoe]

Quote from rc8222:

I see that Obama trillion dollar job stimulus has worked wonders eh??? LOL!!!!

Obama has saved us from things we can't see or track or count or touch or feel or smell or taste.

This is why Obama really is God. No other leader has these gifts.

 

[ChkitOut]

I feel like dodd/frank is to blame mostly, perhaps healthcare somewhat but dodd/frank i think is your problem.

 

[as678]

Quote from Mercor:

There are still about 145 million jibs in the USA.

Obama has saved them.

Doing nothing might have been better. A number of people will work no matter what you do. Unemployment certainly didn't benefit from those QEs.

 

[Ricter]

Quote from as678:

Doing nothing might have been better. A number of people will work no matter what you do. Unemployment certainly didn't benefit from those QEs.

Disagree. With rescued bank books the bankers can sleep at night. Well rested bankers don't quit or die like tired bankers, so their jobs have been saved.