The Labor Department today said the economy added 288,000 jobs in June while the unemployment rate dipped to 6.1 percent from 6.3 percent, signaling sustained, robust job growth has arrived, at least for now.
May’s increase was adjusted up to 224,000 from 217,000 while April’s number was pegged at 304,000 from the previous estimate of 282,000.
Nevertheless, according to the Wall Street Journal, the news was not all good, as the percentage of the population in the job market remained historically low:
At 62.8%, the share of population either working or looking for work remains around 30-year lows, a sign that many of the unemployed have given up their job searches.
Furthermore, job gains continue to be led by low-paying sectors. Retail added over 40,000 new jobs while leisure and hospitality added 39,000.
Higher-paying sectors continued to lag behind in the jobs recovery. Manufacturing added 16,000 new jobs and construction added 6,000.
At 6.1 percent, the unemployment rate has reached a six year low. The Dow Jones Industrial Average rose above 17000 for the first time in response to the stronger-than-expected jobs report.
Maybe, after five misses, this will be the summer of recovery. Growth for the second quarter is expected to be at over three percent.
The economy was sure to rebound at some point. There’s only so much you can do to keep it down. But given the various shackles Obama has placed on it, I doubt if the turnaround will last for long.
27 thoughts on “Strong Jobs Growth in June”
“But given the various shackles Obama has placed on it, I doubt if the turnaround will last for long”
Well sounds like Dear Leader will have to double down on his efforts to economically destroy America’s middle class, resulting in the same for America.
I’m sure he’ll find time between golf and a few more vacations.
Is there a middle class today? Is there a working class? I try to avoid those words. The article refers to single women or single mothers as “middle class”. I see them as the poor.
I think that in the last 20 years, maybe more, maybe less, the term middle class and poor are becoming interchangeable, economically, JB.
Meh, I live in a “resort” area, between the beach, amusement parks including Busch Gardens, golf courses, pools and the historic areas, I think our area alone hires 200k seasonal employees in June.
That, and I just don’t trust this administration anymore. If they tell me the sky is blue, I go outside and check :)
There has only been one month in the past 4 years where the number of jobs added has exceeded the number of people leaving the workforce.
Good thing to point out. : – D
Do you have a compilation/comparison of those numbers? Many of us would like to share that information. Thanks.
This is where I saw it:
https://twitter.com/bencasselman/status/484684881751207936
That’s a bunch of part-time jobs.
Yep, and just seasonal ones at that. Which means no benefits like Obamacare.
It’s not even worth discussing. Everything with these liars is smoke and mirrors.
If it’s so great why bury it the day before a hol?
How many are lifeguards?
This is how well “strong job growth” is doing in Illinois.
http://3.bp.blogspot.com/–Dnm5IJLPZE/U7TMfvp-DDI/AAAAAAAADxA/rIeJm2ul4aY/s1600/report_card.png.
OT: Ok, WTF is going on in this country? This is Fk’n insanity!
Somebody stop these SOB’s.
Oops, I forget, have to make it easy for the flood of illegals crossing our Southern border to steal jobs from Americans.
This is one Fk’n furious American.
rant/OFF.
Now where’s my bottle of Bourbon?
http://www.judicialwatch.org/blog/2014/07/u-s-sues-american-co-requiring-workers-speak-english/
Does Obama require our Ambassadors to speak the language of the country he sends them to ? I always thought that should be a requirement for the job.
You’re kidding – RIGHT!
The only ambassadorial requirement is the amount of cash you have bundled for Dear Leader.
You are not even required to know where the country is.
I read a book about 50 years ago called the “Ugly American” that addressed the fact of the ambassadors not knowing the languages of the countries they were sent to.
I don’t know the answer to your question, but I do know that some companies in other countries require all employees to speak, read and write English. In some countries school lessons are taught in English, not the native language. In some countries, the concern is putting people to work and encouraging competition.
http://www.breitbart.com/Big-Government/2014/07/03/ICE-to-No-Longer-Refer-to-Unaccompanied-Minors-as-UACs
I was taught that if it walks like a duck and quacks like a duck – it IS a duck.
Just saying…
I guess it would be an “inconvenient truth” to mention that over 92 million people, of working age, are not working and not looking for work.
Who in their right mind would believe any of this propaganda nonsense being issued by this lawless regime. Just look at the ridiculously low unemployment rate! Horse stables that haven’t been cleaned in a week smell better than these bogus numbers.
Bullcrap all the way.
More BS. Summer jobs. And those that have them are damned lucky.
Total jobs increased 288,000. The number of people working part-time increased 275,000. That comes out to a net increase of 13,000 full-time jobs. And this is good news?
http://www.bls.gov/news.release/pdf/empsit.pdf
Dig a little deeper: “June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993”
http://www.zerohedge.com/news/2014-07-03/june-full-time-jobs-plunge-over-half-million-part-time-jobs-surge-800k-most-1993
And… there’s this. “The recent hiring spurt—one of the best stretches since the late 1990s—has gotten a surprising lift by a major sector: government.” http://blogs.wsj.com/economics/2014/07/03/hiring-pickup-aided-by-rare-source-of-strength-governments/
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