As of now, I am in control here, in the White House

July Jobs Gain at 200K; White House Bursting with Pride

The economy generated another 209,000 jobs in July, marking the six straight month it has created 200,000 jobs or more, the Labor Department announced this morning.

Nevertheless, the labor force participation rate remains near a 40-year low, rising just barely from 62.8 percent to 62.9 percent. And unemployment moved back up a tenth of a point to 6.2 percent, reflecting the increased number of people who have joined the job market and are looking for work.

President Obama and his economic team of course have begun relentlessly crowing about the jobs market after five and a half years of, well, nothing to crow about.

In a statement, White House Council of Economic Advisors Chairman Jason Furman set up the fall guy – Republicans in Congress – should the jobs numbers go south:

To ensure this momentum can be sustained, the President is pressing Congress to act to create jobs and expand opportunity, while simultaneously using his own executive authority to encourage investment in the United States, boost the income of working families, and ensure safe and fair treatment of American workers.

And in a typically misleading White House assertion, Furman claimed:

Looking at a range of indicators of unemployment, it is clear that we are far into the economic recovery—and that progress has been broadly shared—but we are not all the way there yet. The official unemployment rate is 80 percent of the way back to its pre-recession level.

Right. But Furman is deep into cherry picking here.

It was just two months ago when the nation finally recouped the 8.7 million jobs lost during the recession. However, because of population growth, the economy is still about 6.5 million jobs short of where it should be.

That is, assuming a decent jobs growth rate continues, we’re still three years away from getting back to where we were.

And an increasing share of the jobs created are part time or low-pay.

Crummy jobs created at a sloth’s pace. That’s the Obama record.

40 Responses to July Jobs Gain at 200K; White House Bursting with Pride

  1. Keith: I’d love to know where your deliciously devilish disdain of The Obama Administration tactics of Smoke and Mirrors was honed. It’s delightful and refreshin’, to leave off my g’s like Obama be doin’ lately.

    • Well, you know that Obama is multi-lingual.

      His natural dialect is speaking like the white folks do, but he can also talk to the Brothers like a black guy. Then, he can drop the g’s (Michelle can do that too) to sound like “just plain folks”. Of course, there’s the Hispanic dialect, and then the Muslim one (Pah-ke-stan). Not sure if I’ve heard a southern accent, but he rarely goes into the South.

      This guy is so incredibly talented.

      If he only know how to be president.

  2. Glenn Beck just reported that there are over 300 bills submitted by the House that are collecting dust in the Senate due to the fact that Harry Reid will not bring them to the floor for a vote.
    When Obama blames the Republicans for standing in the way of this Country going forward, it is BS.
    Reid and the Democrats are the wrench in the works all due to childish partisanism.

  3. It’s a new world for the US, a hint of how other countries struggle with low employment, low wages, and a growing welfare-grubbing population.
    Gone are the days of Joe&Mary holding factory jobs that allowed them to buy two new cars, a new home, and all the gadgets on the market.

    The gravy train does have an end, and it’s coming soon. All of our friends, and enemies, around the world will be in a pot of hurt when our money dries up. Our welfare-grubbers will find themselves priced out of the market for anything, and our new Hispanics will wonder why they ever thought sneaking into the US was a good idea.

    200,000 “new” jobs don’t even make a dent in the “new” unemployment figures. Of course, that’s the old school math, but if we’re using “new” school math, then things are going gung-ho.

    • 300 bills sit collecting dust in the senate because Harry Reid refuses to bring them to the floor.
      I said that above but was slammed in the mod vault.

      • House Dems to Senate: Pass our bills.
        “House Democrats are urging their Senate counterparts to move their bills in the upper chamber this year.

        Out of the 195 House-passed bills that are now stalled in the Senate, 31 were written by Democrats, and many have been awaiting Senate approval for close to a year.

        Most of these Democratic bills are non-controversial. But House Democrats are stressing the importance of passing them.

        GOP House leaders and Senate Democrats have engaged in a back-and-forth blame game on the gridlock in Washington.

        House Majority Leader Eric Cantor (R-Va.) has set up a website showcasing all bills “stuck in the Senate.” President Obama and Senate Majority Leader Harry Reid (D-Nev.), meanwhile, have criticized the House for not acting on immigration reform, which passed the Senate last year.

        But the fact that House Democratic bills are sitting in the Senate gives GOP leaders political ammunition.

        “Democratic bills, Republican bills, bipartisan bills — the House has moved scores of legislation to help hard-working families and build an America that works,” Cantor Deputy Chief of Staff Doug Heye said. “Harry Reid’s do-nothing Senate must not have gotten the memo that President Obama declared 2014 a year of action.”

        Reid’s office did not respond to requests for comment.”

        • Remember that for 40-years until Newt moved in and the R’s took the House, there had not been EVEN ONE Republican sponsored bill read or passed. Not one… in 40-years. That, my friends, was progress for progressives.

  4. Any gains are in spite of Obama and his policies, not because. Speaks to the heart that still beats in the real America. Overcoming adversity one by one.

    And all numbers from this Administration that lies and deceives at the drop of a dime, and even moreso, if Obama can bask in some faux glory all the better.

  5. I am part of those statistics; I have been in a part time job for over two years. I am constantly job hunting and going on interviews and nothing! This jobs report is NOTHING to crow about. If Obama had any sense of shame he would stop boasting about his terrible economy!

    • There is also the point of many of people in great jobs, being laid off due to O Crud.
      Many smaller companies could not afford to hold all of the employees.
      Than as you stated finding another job is not what it use to be or should be now.

      • This is not about you, Joanne (a new face)–but on NPR they had a young college grad who was dog walking. She said she had tried everything–maybe, she said, it was bec she was black and had dreadlocks. Her BF told her the dreads were not corporate. Well, they aren’t. Being black might help her, but stubbornly flaunting middle of the road dress and grooming is a no-no. You may want to be a maverick, but people who hire aren’t charmed as a rule. Sad but true.

  6. How stupid is this administration….congress does not creat jobs….the private sector does! The liberal nut bags and the GOP need to just get out of the way and let people get on with it!

  7. Meh! According to ZeroHedge, the most important and highest earning age group (25-54) was shafted…again. There was a 142K jobs decline last month. Manufacturing showed gains while construction spending was down 1.4% – the lowest since 2011. Smoke and mirrors!

  8. There have been hundreds of thousands of jobs created since dumbo moved into the oval office…between my wife and i we have seven of them, just to break even with where we were during the Bush years.

  9. It used to take 150,000 jobs per month to keep up with the natural growth in the workforce. What is it now will all the newly work authorized residents? With all of the recent border crossers and DREAMers, I doubt 200,000 jobs covers the people wanting to enter the workforce.