More bumps in the road

NY Post:

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.

Barack Obama still has a job. Do you?

About Myiq2xu - BA, JD, FJB

I was born and raised in a different country - America. I don't know what this place is.
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16 Responses to More bumps in the road

  1. votermom says:

    I’ll move this comment here, where it is more on-topic anyway
    I just got around to watching The Other Guys, and I really like the end credits. It’s got a bunch of animation about bailouts and scam, and also a ticker of how fast CEO compensation rose. Funny to see the way things slow down a bit in the 90s then speed up after.

  2. 1539days says:

    The unemployment rate during the Great Depression was 25%.

    How close are we right now?

  3. ralphb says:

    Newsweek cover story on Sarah Palin “I can win”
    The magazine cover from c4p:

    • votermom says:

      Here is the Newsweek article on Palin, released 1 day early “due to demand”.

      I believe that I can win a national election,’ Sarah Palin declared one recent evening, sitting in the private dining room of a hotel in rural Iowa. The occasion for her visit to quintessential small-town America was a gathering of the faithful that would have instantaneously erupted into a fervent campaign rally had she but given the word. Instead, it had been another day on the non–campaign trail, this one capped by a sweet victory: she had just attended the premiere of a glowingly positive documentary about her titled The Undefeated.
      The people of America are desperate for positive change, and deserving of positive change, to get us off of this wrong track,” she told me during a conversation that lasted late into the night and, inevitably, kept returning to the subject that has titillated the media and spooked Republican presidential contenders for months: her political intentions. “I’m not so egotistical as to believe that it has to be me, or it can only be me, to turn things around,” she said. “But I do believe that I can win.

  4. votermom says:

    via c4p, check out tomorrow’s Newsweek cover

  5. myiq2xu says:

    Somehow, the Unemployed Became Invisible

    Fourteen million, in round numbers — that is how many Americans are now officially out of work.

    Word came Friday from the Labor Department that, despite all the optimistic talk of an economic recovery, unemployment is going up, not down. The jobless rate rose to 9.2 percent in June.

    What gives? And where, if anywhere, is the outrage?

    The United States is in the grips of its gravest jobs crisis since Franklin D. Roosevelt was in the White House. Lose your job, and it will take roughly nine months to find a new one. That is off the charts. Many Americans have simply given up.

    But unless you’re one of those unhappy 14 million, you might not even notice the problem. The budget deficit, not jobs, has been dominating the conversation in Washington. Unlike the hard-pressed in, say, Greece or Spain, the jobless in America seem, well, subdued. The old fire has gone out.

    They’re not invisible. The media just doesn’t want to show them

    • Three Wickets says:

      You got that right. Reminds me of the “invisibles” in our society Hillary always spoke of.

  6. Mary says:

    Wow….look at this, from RCP:

    New PPP polls (PPP is the Kos poll, so assume heavy D sampling):

    Pennyslvania: Romney 44 Obama 44

    New Hampshire: Romney 46 Obama 44

    I refuse to go to Kos, but if anyone does, see if they’re freaking out.

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