Hiring slowed last month as employers added 173,000 jobs, according to the Department of Commerce, perhaps just a bit ahead of the number needed to keep pace with population growth.
The slackening growth now makes it unclear whether the Federal Reserve will raise interest rates as it had been expected to do in September.
Nevertheless, the unemployment rate declined to the lowest rate since 2008, dropping two tenths of a point to 5.1 percent.
Economists had expected an increase of about 220,000 jobs, which had been about the average for the year.
The labor force participation rate remained at historic lows, with only 62.6 percent of Americans working or looking for work.
“The labor force participation rate remained stable,” said White House Council of Economic Advisors Chairman Jason Furman, as if that were a good thing.
And this number is before they are revised downward in another week or two.
That unemployment rate doesn’t include those unemployed 3+ years. That number, as pianogirl says will be revised downward anyway, is meaningless.
Sliced diced and cooked.
“The labor force participation rate remained stable,” said White House Council of Economic Advisors Chairman Jason Furman, as if that were a good thing.
Another example of this Admin trying to make a Silver Lining out of a Sow’s Ear!!!
Seasonal jobs are ending and kids going back to school probably weighs in on job numbers too ?
Yet I keep seeing serious shortages for teachers and law enforcement officers. Wonder why? Heh.
Would you expect any different results with Obama at the helm? Every time he talks about climate change he is really taking about tearing down capitalism. He does this by putting more regulations on business and doing other things to discourage job growth. He is head of the Degrowth Movement.
https://en.wikipedia.org/wiki/Degrowth
Right!! x 10
X2
Was that cap and trade thing a “pen” job–can it be erased?
He did it through EPA regulations as congress would not pass it.
So someone could pen “new” regs?
Every number from the Muslim gov of the USA is fake.
Pope and UN set for one world gov this month. New “goals” for the world.
We r screwed!
The Pope will say mass in WDC in Spanish.
I am Catholic. I am an American. I speak English. If the Pope wants to come here and say mass say it in English or Latin . If he wants to say it in Spanish go to a Spanish speaking country, like Mexico or Spain.
The Pope will visit Cuba before coming to the US. When they put cameras on him during his speech a photo of Che will clearly be visible. There is speculation Castro, Inc. will round up the dissidents and not let them near the Pope.
When Kerry spoke there recently the US let Castro, Inc. pick the reporters who were present. Needless to say reporters unfriendly to Castro, Inc. were not invited.
And dissidents or opposition writers were not invited onto Embassy grounds, US soil, for the ceremony.
All this bff stuff with dictators disallows this government to stand for human rights and freedom throughout the world.
But then again they keep chipping away at it here too.
“The labor force participation rate remained stable,” said White House Council of Economic Advisors Chairman Jason Furman, as if that were a good thing.
Sort of like an obese person saying “Well, at least I didn’t get any fatter last month”.
Can’t believe that Trump is running around saying that ‘real’ unemployment is 42% and 93M people are unemployed in this country!
According to Bloomberg, if 93 million people were out of work, the unemployment rate would be 59 percent. The actual number of unemployed Americans who are part of the 157M person labor force (as of July) — that’s Americans who aren’t disabled, retired or children — is around eight million. Not 93 million.
Is he serious???
Link:
http://www.vox.com/2015/8/22/9191001/donald-trump-unemployment-rate
93 million are probably unemployed – meaning they don’t have a job. Some of them want a job and are looking (the ones counted in the unemployment rate), some want a job but have given up looking, and some don’t want a job (stay at home moms or dads, young retirees, etc.)
Here is your answer. Long but good. Real unemployed rate 25%
http://charleshughsmith.blogspot.com/2015/06/whats-real-unemployment-rate-in-us.html
Remember how Bob Beckel would pull numbers out of his…um..rump? He always cited The Beckel Institute. Maybe this is similar.
I frequently get the feeling that His Trumpness has some random words and numbers crash into each other in his brain and he then blurts them out in the order in which they find their way to his tongue. But he says them with the force and conviction of true belief so they SOUND good to him and lot’s of other people!!