May lowest job growth in 5 1/2 years, unemployment drops .3%

[UK2K]

Obama touting that unemployment rate... 4.7% is impressive.

Never mind over half a million (500,000) people stopped looking for jobs.

The labor market slowed dramatically in May as employers added 38,000 jobs, raising concerns that a sluggish economy is taking a bigger toll on employment and lowering the odds of a Federal Reserve rate hike this month.

The unemployment rate fell from 5% to 4.7%, the lowest since November 2007, the Labor Department said Friday, but that was because nearly 500,000 Americans stopped working or looking for jobs. The paltry employment gains were the smallest in 5 1/2 years.

http://www.usatoday.com/story/money/...-may/85320796/

[highwhey]

In before you get proven wrong as usual.

[UK2K]

In before you get proven wrong as usual.

USA today is wrong?

If they're wrong, the Labor Department is also wrong.

Cool story.

[TheMan]

Obama touting that unemployment rate... 4.7% is impressive.

Never mind over half a million (500,000) people stopped looking for jobs.



http://www.usatoday.com/story/money/...-may/85320796/

And if in June there is a surge in employment, I bet you won't make a thread about that, huh.

Partisan hack is a partisan hack.

BTW, there are jobs out there but those 500,000 Americans are too lazy to work and would rather collect unemployment benefits...damn leeches.

[DeuceWallaces]

And if in June there is a surge in employment, I bet you won't make a thread about that, huh.

Partisan hack is a partisan hack.

BTW, there are jobs out there but those 500,000 Americans are too lazy to work and would rather collect unemployment benefits...damn leeches.

He makes the same thread every month with the same dumbass comments.

[UK2K]

And if in June there is a surge in employment, I bet you won't make a thread about that, huh.

Partisan hack is a partisan hack.

BTW, there are jobs out there but those 500,000 Americans are too lazy to work and would rather collect unemployment benefits...damn leeches.

Well, see, it's relevant because just a few days ago Obama was in IN touting the awesomeness of the economy and even using the unemployment rate as evidence of such.

So you know, the report has some significance as it tells the exact opposite of what he just said.

On a related note, we hit a record number of Americans NOT included in the labor force. Good reason to continue bringing in unskilled immigrants so everyone at the bottom of the pile can fight for the same jobs. Never understood why the poor support the idea of more competition but to each their own.

[UK2K]

uk2k is such a Obama hater..



Haters gonna hate!

Every few months, we keep pace with the amount of new jobs created needed to keep up with the labor force increase.

The economy is better off now, no doubt, but it's been 8 years and we're still going nowhere. I could do that. It's not that he's been bad at handling the economy, it's that he claims it as one of the cornerstones of his presidency when truthfully, like anything else, the economy would naturally tick up eventually.

[knickballer]

Honestly, alot of these job statistics are BS and it's used as a tool by politicans as talking points. The official stats excludes people who never had a job, people who've been unemployed for a while and people who stopped looking for a job among a few other factors.

Alot of people are underemployed and alot of the job growh has been in dead end jobs like retail. IIRC, Only the finance sector has seen a growth in jobs(other than retail). Alot of the good jobs are dying out and alot of them haven't been recovered since the latest crash. There's only a few majors that one can actually make a career out of.

[longtime lurker]

Obama touting that unemployment rate... 4.7% is impressive.

Never mind over half a million (500,000) people stopped looking for jobs.



http://www.usatoday.com/story/money/...-may/85320796/

What difference does it make? According to you every single job report that the Obama administration has been putting out is bullshit anyways.

[Dresta]

Honestly, alot of these job statistics are BS and it's used as a tool by politicans as talking points. The official stats excludes people who never had a job, people who've been unemployed for a while and people who stopped looking for a job among a few other factors.

Alot of people are underemployed and alot of the job growh has been in dead end jobs like retail. IIRC, Only the finance sector has seen a growth in jobs(other than retail). Alot of the good jobs are dying out and alot of them haven't been recovered since the latest crash. There's only a few majors that one can actually make a career out of.

Not to mention that when someone loses a well-paid full time job and gets two shitty part-time service jobs it counts as "one job created by Obama, derr"

US Economy is seriously f*cked. Makes me lol to see economists try and predict the future when we're engaged in a gigantic world-wide experiment of a completely unprecedented proportion. They seem incapable of grasping the fact that there are no constants in history, and that their mathematical abstractions are of little actual relevance to the world.

[UK2K]

What difference does it make? According to you every single job report that the Obama administration has been putting out is bullshit anyways.

Says who?

Job growth isn't bullshit. It's a measurable metric. What's bullshit is the way unemployment is called unemployment.

If you don't have a job after X amount of days, you're still unemployed.

[UK2K]

Honestly, alot of these job statistics are BS and it's used as a tool by politicans as talking points. The official stats excludes people who never had a job, people who've been unemployed for a while and people who stopped looking for a job among a few other factors.

Alot of people are underemployed and alot of the job growh has been in dead end jobs like retail. IIRC, Only the finance sector has seen a growth in jobs(other than retail). Alot of the good jobs are dying out and alot of them haven't been recovered since the latest crash. There's only a few majors that one can actually make a career out of.

I believe the medical industry has had steady job growth as well.

Manufacturing has been destroyed.

[knickballer]

Not to mention that when someone loses a well-paid full time job and gets two shitty part-time service jobs it counts as "one job created by Obama, derr"

US Economy is seriously f*cked. Makes me lol to see economists try and predict the future when we're engaged in a gigantic world-wide experiment of a completely unprecedented proportion. They seem incapable of grasping the fact that there are no constants in history, and that their mathematical abstractions are of little actual relevance to the world.

Yup, exactly. Offer two part time jobs that you won't have to pay any benefits and have the ability to cut/add hours on short notice as they are mainly paid by the hour. Then this poor PT worker has to pay for obamacare or pay a hefty penalty if he can't afford insurance. But that 4.7% unemployement doe. Majority of Americans don't even have $2000(or something like that) on them but that economy doe

I remember when I worked in retail back in the day there was only 3-4 FT employees in the store(Managers) and an army of 20-30 PT employees who worked something like 8-20 hours a week. PT employees who'll get their shifts cut on a moments notice because sales are down for the days pr employees who'll be asked to come in if it's extra busy and asked to do the work of 2-3 employees. But that 4.7% unemployement rate. That corporate profit

[knickballer]

What difference does it make? According to you every single job report that the Obama administration has been putting out is bullshit anyways.

Every job report that has been put out under any administration whether Bush or Obama has been bullshit. The numbers get skewed and manipulated to make politicians look as good as possible.

[longtime lurker]

Every job report that has been put out under any administration whether Bush or Obama has been bullshit. The numbers get skewed and manipulated to make politicians look as good as possible.

Then why does any of this matter? UK2K and Dresta are always getting their panties in a bunch over anytime Obama is brought up. Nothing more than mental *********ion by the both of them.