**** BREAKING **** OFFICIAL **** JOBS REPORT THREAD **** GREAT DEPRESSION 2.0 ****

PRIVATE HIRING STEPS UP
All the gains in non-farm employment in July came from the private sector, where payrolls rose 154,000 -- an acceleration from June's 80,000 increase and more than the 115,000 expected by economists.
Government payrolls dropped 37,000 in July, a ninth straight month of job losses. The drop was mostly due to a government shutdown in Minnesota that left thousanRAB of state workers without pay checks during the survey period for July payrolls.


http://ca.news.yahoo.com/payrolls-awaited-markets-fear-recession-041036073.html




sup now bro? u mad?
 
http://www.cnbc.com/id/44033486

According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before. That’s actually a drop of 2.7 percent.

But the job creation nuraber was positive and the unemployment rate went down, right? So how does that work?

It’s a product of something the government calls “discouraged workers,” or those who were unemployed but not out looking for work during the reporting period.

This is where the nurabers showed a really big spike—up from 982,000 to 1.119 million, a difference of 137,000 or a 14 percent increase. These folks are generally not included in the government’s various job measures.

So the drop in the unemployment rate is fairly illusory—stick all those people back in the workforce and you wipe out the job creation and the drop in unemployment.




RECOVERING ECONOMY FTW
 
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