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Can Jobs News get Worse? Just Wait and See
John Crudele - July 8, 2011
New York Post

<excerpt>

If you are an American looking for work -- no, make that pleading to be allowed to earn a living -- you already know this: the job market is even worse than Washington is telling us. And Washington yesterday told us that the employment situation is just plain ugly.

The Labor Department officially announced that only 18,000 jobs were created during the month of June compared to May's levels. That's considerably below the 157,000 jobs that payroll-processing firm ADP said on Thursday were added by companies in the private sector.

Our economy is said to need at least 150,000 jobs a month just to keep up with people entering the workforce. So even job growth of 150,000 isn't good enough.

Worse, not only are newcomers trying to find positions, but there are also 7.084 million fewer jobs in this economy than there were at the 2008 peak. So people who'd like to get their careers started are competing against millions of experienced job seekers looking to just get back into the game.


Now for the really bad news: that 18,000 gain announced by the government yesterday isn't real.

For one thing, the number of jobs increased in June only because the Labor Department simultaneously revised downward the number of jobs that existed in this country during May. It's like moving the fences at Citi Field so the Mets players can hit more home runs. It might make Jose Reyes feel better, but it doesn't actually make him more powerful.

Without the fence-moving operation in the May employment report, the June number -- yesterday's number -- would have shown a decline of 26,000 jobs.


Then there's another problem with June's employment report. Included in the 18,000 headline number is a guesstimate that 131,000 jobs were created by newly formed -- and, therefore, invisible -- companies.
If you want to send your resume to one of these companies, don't bother. They probably don't exist, and neither do the jobs the government thinks they are creating. These figments of the imagination of the Labor Department's computers will probably disappear when the numbers are checked early next year.

Life is good and getting better everyday!:)sphss:)hand
 

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Can Jobs News get Worse? Just Wait and See
John Crudele - July 8, 2011
New York Post

<excerpt>

If you are an American looking for work -- no, make that pleading to be allowed to earn a living -- you already know this: the job market is even worse than Washington is telling us. And Washington yesterday told us that the employment situation is just plain ugly.

The Labor Department officially announced that only 18,000 jobs were created during the month of June compared to May's levels. That's considerably below the 157,000 jobs that payroll-processing firm ADP said on Thursday were added by companies in the private sector.

Our economy is said to need at least 150,000 jobs a month just to keep up with people entering the workforce. So even job growth of 150,000 isn't good enough.

Worse, not only are newcomers trying to find positions, but there are also 7.084 million fewer jobs in this economy than there were at the 2008 peak. So people who'd like to get their careers started are competing against millions of experienced job seekers looking to just get back into the game.


Now for the really bad news: that 18,000 gain announced by the government yesterday isn't real.

For one thing, the number of jobs increased in June only because the Labor Department simultaneously revised downward the number of jobs that existed in this country during May. It's like moving the fences at Citi Field so the Mets players can hit more home runs. It might make Jose Reyes feel better, but it doesn't actually make him more powerful.

Without the fence-moving operation in the May employment report, the June number -- yesterday's number -- would have shown a decline of 26,000 jobs.


Then there's another problem with June's employment report. Included in the 18,000 headline number is a guesstimate that 131,000 jobs were created by newly formed -- and, therefore, invisible -- companies.
If you want to send your resume to one of these companies, don't bother. They probably don't exist, and neither do the jobs the government thinks they are creating. These figments of the imagination of the Labor Department's computers will probably disappear when the numbers are checked early next year.

Life is good and getting better everyday!:)sphss:)hand
No lie, I was at Doughnut City in Seal Beach on Saturday AM and there were two hippies there bashing Barry S. on the jobless situation and they both agreed that the REAL figures are closer to 15%... TRUE STORY... I about fell off of my chair...


ANYYYYYYYYWAYS, if you're in the neiborhood go see John/Stella for the best chocolate iced Buttermilk doughnut in town!!! THey ROCKKKKKKKKKKKK...
 

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Discussion Starter #3
No lie, I was at Doughnut City in Seal Beach on Saturday AM and there were two hippies there bashing Barry S. on the jobless situation and they both agreed that the REAL figures are closer to 15%... TRUE STORY... I about fell off of my chair...


ANYYYYYYYYWAYS, if you're in the neiborhood go see John/Stella for the best chocolate iced Buttermilk doughnut in town!!! THey ROCKKKKKKKKKKKK...
In Cali it's over twenty.:)coffee
 

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Marine Organism
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The New York Post? Can they be trusted? ;)
 

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Deception...???

There are several types of deception. There is the type used when your wife wants you home and you'd really like to stay at the bar with your friends/co workers/ mistress, etc etc... There is the type the gov't usually uses to mislead the masses when it comes to National Security issues like which mid east strongman we're really backing in the various squabbles going on over there.... (The Shah of Iran comes to mind, as does the Panama guy Noriega, the Iran-Contra "guns for drugs", etc etc...) Then there is the average smoke and mirrors politicians use to fool the masses, and then there is the total BULLSHIT that continually comes from anything associated with the obama administration... "Saved jobs" seems to be the easiest to catch as there is no way to prove it ever happened, or didn't happen....But they still claim to have "saved" jobs...We, well most of us, are fully aware that anything reported about the unemployment numbers are absolute BULLSHIT...
Ray
 
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