Obama Failed, Millions Suffer

Posted by: Barthélemy Barbancourt

Tagged in: Untagged 

For the second month in a row, employers added a dismally small number of jobs, showing that the United States economy is barely creaking along despite being two years into the official recovery.

With all levels of government laying off workers, the Labor Department reported that employers eked out just 18,000 new nonfarm payroll jobs in June. The already low number of jobs created in May was also revised downward to just 25,000, less than half what was originally reported last month.

Economists were stunned since they had been expecting June to show stronger job creation as oil prices eased and supply disruptions receded in the aftermath of the Japanese tsunami and earthquake. Instead, the government’s monthly snapshot of the labor market showed that several sectors, including construction, finance and temporary services, actually shed workers. At the same time, leading indicators like wages and the length of the average workweek, which tend to grow before employers begin adding more jobs, actually contracted.

Anyone that can't admit that the Obama/Pelosi/Reid collective has killed jobs and stalled any recovery is delusional. Obama's policies have failed and in many cases like drilling bans, have made things worse.

Wrong man, wrong place, wrong time.

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Sequel
...
written by Sequel , July 08, 2011

I notice since the Obama economy that they always retroactively revise down.
So they announce: 200K jobs in may! Then later, almost unnoticed, the number is revised down by half. Because, ya know, it was so unexpected.
So will this whopping 25K get revised down to 2 or 4 or 10K jobs?
Is that racist of me to notice?



JW of Minnesota
But Sequel has a color TV..
written by JW of Minnesota , July 08, 2011

The story has disappeared from the Strib website, and Yahoo is reporting it to be 18K.



TomC
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written by TomC , July 11, 2011

The creativity of journalists is showing anew every month with trying to find new ways to be shocked at the unexpected bad numbers for this "The answer is more government" administration. When Bush--who was not a small government type--had great numbers, they were always couched with the war dead or expense numbers. And they were usually quietly adjusted in a positive way.

Sequel, Not racist, just media critical.




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