Economy adds 175,000 jobs

[rightwinger]

U.S. adds 175,000 jobs; jobless rate moves up

Employers added a better-than-expected 175,000 jobs in May, providing further evidence of a resilient labor market despite huge federal spending cuts and global economic turmoil.

The unemployment rate rose to 7.6% from 7.5%, the Labor Department said Friday, as 420,000 Americans, including previously discouraged workers who had given up job-hunting, joined the labor force. The labor force includes people working and looking for work.

Businesses added 178,000 jobs, while federal, state and local governments cut 3,000. Professional and business services, leisure and hospitality and retail led job gains.

 

[TakeAStepBack]

 

[Katzndogz]

And what good jobs they are too!

The industries with the strongest employment growth in the last month were temporary help agencies, which added 26,000 jobs; and food services, which added 38,000 jobs in May and 337,000 over the past year.

Jobs Report: Unemployment Rate Rises to 7.6 Percent as 175,000 Jobs Are Added - ABC News

 

[DiamondDave]

And yet workforce participation rate is STILL only 0.1% above it's 30 year low

 

[boedicca]

This is better than recent reports, but less than half the net job creation we would have had in a Real Recovery.

180K+ are reentrants to the labor force (after having given up looking - the UI must be running out)...the jobs aren't enough to keep up with them and population growth.

 

[Mad Scientist]

Is this good news or bad news?

 

[rightwinger]

This is better than recent reports, but less than half the net job creation we would have had in a Real Recovery.

180K+ are reentrants to the labor force (after having given up looking - the UI must be running out)...the jobs aren't enough to keep up with them and population growth.

Congress is holding back a real recovery

 

[boedicca]

Pshaw.

Lack of confidence in economic growth, uncertainty over more taxes, oppressive costs of ObamaCare, regulatory overreach, inflationary fears due to QE^Infinity...are holding back a real recovery.

 

[iamwhatiseem]

No shit...RW'nger is one of the committed clueless - by choice.
As someone else pointed out in a different thread, if you still believe things are getting better - then that is because you are willing to deny your intelligence and replace it with imagination.
RW'nger's threads usually contain only the headline, not the story.
He doesn't mention anything about the record high part-timers in this number, he doesn't mention the record high "forced" part-timers working who need and can't find full time work.
he doesn't mention the HORRIBLE record high UNDERemployed and over-qualified people working crap jobs because there is nothing in their field.
he doesn't mention them - because he CHOOSES not to.
And that makes him a tool.

 

[Claudette]

Yup and wait till all our military guys and gals hit the UE lines.

Wars are winding down and they won't need that many guys and gals in the armed services. Of course loads will retire and they're slots won't be filled but I also see loads of others leaving the military.

These folks will be out there looking for jobs.

 

[rightwinger]

No shit...RW'nger is one of the committed clueless - by choice.
As someone else pointed out in a different thread, if you still believe things are getting better - then that is because you are willing to deny your intelligence and replace it with imagination.
RW'nger's threads usually contain only the headline, not the story.
He doesn't mention anything about the record high part-timers in this number, he doesn't mention the record high "forced" part-timers working who need and can't find full time work.
he doesn't mention the HORRIBLE record high UNDERemployed and over-qualified people working crap jobs because there is nothing in their field.
he doesn't mention them - because he CHOOSES not to.
And that makes him a tool.

I love posting these threads and watching the "Economy must Fail" crowd come out of the woodwork

 

[rightwinger]

Pshaw.

Lack of confidence in economic growth, uncertainty over more taxes, oppressive costs of ObamaCare, regulatory overreach, inflationary fears due to QE^Infinity...are holding back a real recovery.

Pshaw

Congress trying to balance the budget during an economic downturn is holding back the recovery

 

[boedicca]

Nonsense. We are the most indebted nation in the history of the world. If we continue on this path, the end will be Very Ugly Indeed. It's pathetic that you aren't concerned about looming insolvency.

 

[OKTexas]

Only in a Maobama economy would a rise in the UE rate be reported as a good thing. Can you say upside down, backwards and inside out?

 

[blackhawk]

The fact that you just now have discouraged workers who stopped looking for work starting to look again should tell you a lot about the economic recovery.

 

[Warrior102]

175,000 more ditch diggers and fry-cooks.

Meanwhile, Barry Sotereo golf, vacations, spies on Americans.

 

[Wyatt earp]

The fact that you just now have discouraged workers who stopped looking for work starting to look again should tell you a lot about the economic recovery.

Their UE must have ran out, about time.

 

[iamwhatiseem]

No shit...RW'nger is one of the committed clueless - by choice.
As someone else pointed out in a different thread, if you still believe things are getting better - then that is because you are willing to deny your intelligence and replace it with imagination.
RW'nger's threads usually contain only the headline, not the story.
He doesn't mention anything about the record high part-timers in this number, he doesn't mention the record high "forced" part-timers working who need and can't find full time work.
he doesn't mention the HORRIBLE record high UNDERemployed and over-qualified people working crap jobs because there is nothing in their field.
he doesn't mention them - because he CHOOSES not to.
And that makes him a tool.

I love posting these threads and watching the "Economy must Fail" crowd come out of the woodwork

...which doesn't address the validity of what I said one iota.

 

[rightwinger]

Nonsense. We are the most indebted nation in the history of the world. If we continue on this path, the end will be Very Ugly Indeed. It's pathetic that you aren't concerned about looming insolvency.

This is the only economic recovery effort in history where we tried to balance the budget at the same time

You can't insist on massive budget cuts and then complain that the economy is not booming

 

[rightwinger]

No shit...RW'nger is one of the committed clueless - by choice.
As someone else pointed out in a different thread, if you still believe things are getting better - then that is because you are willing to deny your intelligence and replace it with imagination.
RW'nger's threads usually contain only the headline, not the story.
He doesn't mention anything about the record high part-timers in this number, he doesn't mention the record high "forced" part-timers working who need and can't find full time work.
he doesn't mention the HORRIBLE record high UNDERemployed and over-qualified people working crap jobs because there is nothing in their field.
he doesn't mention them - because he CHOOSES not to.
And that makes him a tool.

I love posting these threads and watching the "Economy must Fail" crowd come out of the woodwork

...which doesn't address the validity of what I said one iota.

OK.....for the Economy must Fail crowd

Are the employment numbrs better than last month?
Are they better than last year?
Are they better than five years ago?