June Jobs Report Released, and There’s That Word Again
**Written by Doug Powers
This morning the Department of Labor released a dismal June jobs report, and guess what word the story contains:
U.S. employers added 18,000 workers in June, less than forecast and the fewest in nine months, while the unemployment rate unexpectedly climbed, indicating a struggling labor market.
The increase in payrolls followed a 25,000 gain that was less than half the rise initially estimated, Labor Department data showed today in Washington. The median estimate in a Bloomberg News survey called for a June gain of 105,000. The unemployment rate rose to 9.2 percent, the highest level this year. Hiring by companies, which excludes government agencies, was the weakest since May 2010.
It’s true what they say: Expect the unexpected!
The report is even more grim when this is taken into consideration:
The economy needs to create between 125,000 and 150,000 new jobs a month just to absorb new labor force entrants.
The White House was hoping for at least another McDonalds stimulus, which didn’t happen in June like it did in McMay.
With debt ceiling “negotiations” expected to go all weekend, if anything should make Republicans unwilling to compromise on “no tax/fee increases,” freezing (or better yet lowering) the debt ceiling and taking a machete to unsustainable spending, this report should. But will it?
Bill Kristol predicted that Republicans are going to cave “in a pretty big way.” Given the continued outlook, that might be political suicide, not to mention economic homicide.
By the way, a White House spin we might hear is this: “Of course the jobs report was bad — 39,000 of those jobs lost were public sector — so you see what happens when Tea Partying Republicans get their way!”
Update: President Obama will speak about the latest jobs report at 10:35 a.m. EST. Take a Dramamine if you watch because the spin will be dizzying.
Update II: Oh, here’s the problem — “headwinds”:

I’m satisfied. You?
Soon Goolsbee will return to a place where if there are “headwinds” you can just erase them from the equation on the chalkboard and make it all work.
Update III: Nobel Economic Laureate Paul Krugman says this lousy jobs report calls for immediate and aggressive “expansionary monetary and fiscal policy.” Sure, because they haven’t tried that yet.
**Written by Doug Powers
Twitter @ThePowersThatBe
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Of course, they did have that little distraction of a war in Afghanistan. Not to mention that Algore did not allow GW Bush a good transition into office because he wanted selective recounts. That handicap to the incoming administration had a huge negative impact on Americans. So much so that GW Bush made extra effort to NOT do the same thing to Obama. In fact he paved the way for Obama by supporting the stimulus that he knew Obama wanted to do.
So Bush was kneecapped coming into office and about the time he got that delay under control he had 9/11, which for those of us who will NEVER forget, was a major calamity. Not quite like the argula shipment to the White House kitchen being late but it certainly changed any focus GW Bush had.
He will not rest until every American has a home, a job, and a illegal alien working for him.
Goodnight and God Bless. ZZZZzzzzzzz.
What’s that got to do with anything? The stats he provided didn’t contradict NRO (which was simply responding to another clueless comment by Wasserman-Schultz). They just gave more detail. It shows that 9/11 caused a small spike in the unemployment rate. That then dropped steadily, which would tend to speak well in favor of the tax cuts.
The subsequent rise after that can be attributed to the boneheaded housing policies that the federal government (yes, both parties, unfortunately, but the Dems moreso) pushed that encouraged irresponsible borrowing, fueled by the easy-money practices of the Federal Reserve.
See? Now looking at it in more detail like that tells you a hell of a lot more than just looking at the numbers at the beginning of the Bush years and at the end.
I have just got to ask, WHAT is with the gray hair on bho? Is the poor baby under so much stress(it can not be from not getting enough vacations, golfing, or jetting off on AF1 getting reelection funds) dealing with our nation or is it only his hairdresser will know for sure? I have a feeling that not one single thing that is happening to our Republic with jobs or whatever is making bho’s hair gray.
L
You are saying that tax cuts do not spur the economy so by inference, you are saying that tax increases will spur the economy.
Even your beloved idol Obama disagrees with you on that one. He trumpets in almost every speech the tax cuts that he signed this year to help the economy.
Most economists agree that cutting taxes stimulates the economy so I’m not sure how much of an argument you have here.
I’m not sure who these people are that seem floored unexpectedly when they get the bad news about the economy. I fully expect the numbers they get, until HCR is gone, no one should find this as unexpected.
EVERYTHING in the Obama administration is staged. His people probably think it makes him look more presidential, or that people may think he’s working so hard he’s going gray.
The joke is he rarely works. AS president that is.
Roger that. The thought never occurred to me that you’d post to get a compliment.
Well, this is fun. In March when job numbers were good, the Republicans were taking credit. Here is a Link!
“Yah, we stopped the democrats. You’re welcome, America,” said the Republicans a few months ago.
Today, with the bad job numbers they say, “Democratic policies have failed. This is all on Obama.”
Well, what is is? Hypocrites.
Talk about hyprocrite. Liberals were a twitter over the McDonalds jobs last month, praising the recovery brought to us by Obama. Same liberals who said, oh goodie, conservatives added burger flipping jobs during Reagan.
Huffpuff, has a report about Bachman’s preacher and what a bad guy he is. REALLY???? Take your hypocrite then look right into the mirror kent.
You can claim all you want about the hypocrisy of some on the left. It’s not me talking about McDonalds or Bachmann’s preacher. This entire thread is about Obama’s economic failures. It’s all his fault, and only his fault.
However, when job numbers were good a few months back it was because of Republican efforts. Can’t have it both ways.
I agree. Whether there is a Republican or a Democrat in office, none has ever created a non-government non-government subsidized job.
Forgot to mention, government regulation and taxation have stifled the creation of jobs.
No one can claim credit for anything but killing job creation. That would be the democrats. HCR, threats of taxing and more government regulation, making construction pay ridiculous costs in order to “green” buildings, ad naseum talk about the rich and how they are not paying their fair share (the ones who give out jobs are not going to hire if you keep threatening to take away the money that will go to hire people)
Actually, one of the 3 Congressen quoted was saying simply that Republican policies would be good for the job market. He was right (now if only the Dems would get out of the way and let them be implemented).
Not that the other two were entirely unjustified in their assessment. Preventing a tax hike on the productive definitely was good for business. Keeping Obama in charge isn’t.
Who’s saying that? Have you been paying attention to this site since 2008? Bush got plenty of scorn heaped on him for his big-government ways. The problem is government constantly getting in the way, regardless of which party is doing it.
Stop taxing so much, stop spending so much, and ease up on the hyper-regulation. It’s really not that complicated.
Taxation, regulation, litigation. That’s what keeps the private sector from creating jobs.
It’s not as bad as I thought. It’s worse. A friend just e-mailed this:
kentroyals5
Why? Reagen’s policies worked. Don’t you want policies that work?
kentroyals5
Yeah, cause the democrats have always owned up to responsibility and never blamed anyone…cough…cough…Bush..cough
Of course the republicans should take credit for job growth, so long as their policies are conservative.
That can’t be. Taxation is necessary to civilization, and regulations keep predatory capitalists from taking advantage of us, and litigation is the American Way.
It’s the mean spirited capitalists causing all the problems. They insist on making unconscionable ‘profits,’ or they won’t hire good folks who want to work.
We should pass a law making employers who are exploiting poor people by making them work for peanuts hire more people. If they won’t, they get thrown in jail.
If that doesn’t do the trick, we can browbeat and threaten them some more!
Eventually everyone will be working again, or there won’t be any more of those awful employers exploiting poor people. We win either way.
The ‘progessives’ really are that insane. I try to explain to them that the more they browbeat employers, the more profit the employers have to make to adequately compensate them for the risk of doing business in a climate unfriendly to business, and I have yet to find even one of them who actually grasps the concept.
And I’m talking about highly ‘educated’ people with IQ’s +130 …. which just goes to show IQ tests measure something, but it sure as Hell isn’t real intelligence.
I.Q. Test = Indoctrinable Quotient Test.
Obambi is NOT interested in job creation, higher employment in this country, low energy costs, a strong US military, and an effective US presence in the world. Quiet the opposite, he came into office with the express purpose of taking this country down a notch or two. He sat through 20 years of Rev Wright’s sermons on the evils of America and what must be done to right the injustices done by this nation. He’s doing it, none of this is unintended. So, don’t bother to defend what he’s doing and done, don’t blame Bush for the results of Obamanation’s intentional destruction of this country.
The ONE time Obama told the truth and I wish it wasn’t true…
“We will fundamentally transform the United States of America”.
He said it, he meant it, and he’s doing it.
If I recall correctly, this was just a few days before he got elected. People heard this and still voted for him! bho told what he as going to do and that is one of the major reasons I didn’t vote for him and he is a d!
L
LMAO
Job numbers haven’t been good since GW got reelected in 2004.
Are you f’ing kidding me!
And the press ROASTED GW for 5% unemployment.
We (officially) are at 9.2%.
Trust me, we are way closer to 20%.
Who is fooling who?