8.3%

[mspeasl]

New unemployment figures released today are up to 8.3%. It still seems to be on an upward trend.

Plus the price of gas in the Midwest has spiked up $.50 in this past week.

When are we going to get some relief?

[128vertinnoho]

It's not so bad Debby Downer.....29 straight months of job creation.....July number of new jobs beat all expectations.....we're on a positive trend!

[mspeasl]

Originally Posted by 128vertinnoho

It's not so bad Debby Downer.....29 straight months of job creation.....July number of new jobs beat all expectations.....we're on a positive trend!

Tell that to the those who make up the additional percentage over last month, Aveo Driver. You may point out 29 months of job creation, but you fail to say that that is off set by greater numbers becoming unemployed during that same time period. I don't believe that is a "positive trend".

[xbook]

Well, part of the problem with jobs has been the shrinking of our government. Employers added 163,000 more jobs in the month of july than there were in the month of june. Unfortunately, there were 9,000 fewer government jobs for that same time period. The mantra of "smaller government" is one of the main factors in the unemployment numbers being low.

Maybe if the GOP leadership in congress and the senate can focus on bills that help the economy rather than continually voting to repeal the Affordable Care Act or to limit abortions, or any of the other social legislation they have been pushing. How about some focus on what they say is their strength, the economy.

[rgrovr]

I thought there was some number fudging going on for a while now with the BLS.. but this takes the cake. From ZeroHedge (emphasis mine):

Happy by the headline establishment survey print of 133,245 which says that the US "added" 163,000 jobs in July from 133,082 last month? Consider this: the number was based on a non seasonally adjusted July number of 132,868. This was a 1.248 million drop from the June print. So how did the smoothing work out to make a real plunge into an "adjusted" rise? Simple: the BLS "added" 377K jobs for seasonal purposes. This was the largest seasonal addition in the past decade for a July NFP print in the past decade, possibly ever, as the first chart below shows. But wait, there's more: the Birth Death adjustment, which adds to the NSA Print to get to the final number, was +52k. How does this compare to July 2011? It is about 1000% higher: the last B/D adjustment was a tiny +5K! In other words, of the 163,000 jobs "added", 429,000 was based on purely statistical fudging.

The publish jobs report is minimally impacted by the 9,000 gov jobs loss and more of a statistical crapshoot on a) how many folks left the job market, b) the actual size of the job market itself, c) the number of seasonal adjustments, and the under-reporting of part-time folks in need of a full-time job.

It doesn't help that the unemployment rate is based on a phone survey that doesn't include cellphones (aka young people).

[Gamoto]

In 2010 17 states went from a democrat governor to a republican. All 17 states now have an unemployment rate that has lowered compared to the national rate. Just today the news came out in Ohio that the state has gone from a multi billion deficit to a 525 million dollar surplus. Kasich has done a great job turning our state economy around, but of course our inept POTUS tries to take credit.