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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

June unemployment rate drops to 9.5 percent but 125,000 jobs lost

The official June unemployment rate came in at 9.5 percent, down from 9.7 percent in May, the lowest number since last summer.

The economy shed 125,000 jobs last month, BUT that includes letting go of 225,000 temporary U.S. Census workers.

If there was good news in this report it was that the private sector added 83,000 jobs in June, which was more than the ADP private-sector jobs report, released earlier this week, predicted would be added. This is an increase over 33,000 private-sector jobs added in May.

The number of long-term unemployed in June came in at 6.8 million, unchanged from May.

By Frank Ahrens  |  July 2, 2010; 8:41 AM ET
Categories:  Unemployment  
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Comments


where are the 3 million net new jobs promised by the stimulus? why are we losing jobs instead?

why is obama so completely inept?

Posted by: skeptic11 | July 2, 2010 8:59 AM | Report abuse

WHERE HAVE ALL THE JOBS GONE

Where have all the jobs gone, long time passing?
Where have all the jobs gone, they were promised?
Where are all the green jobs promised?
Young Obama promised them for everyone.
Oh, when will Dems ever learn?
Oh, when will Dems ever learn?

Posted by: SSTK34 | July 2, 2010 9:01 AM | Report abuse

Amazing! "Health-care" costs begin to bite and we are thrown into a double dip recession.

Of course no one could anticipate that more costs to employers would retard the economy.

Posted by: donx65 | July 2, 2010 9:01 AM | Report abuse

I am not trying to be insentive here, but really enough is enough with the economic reporting. Pessimism, as studies have shown, simply breeds more pessimism. This is a good report, even with Census jobs ending, unemployment is going down and the private sector is creating jobs. The big problem is that consumer spending, which drives about 70% of the US economy is still lagging. Why is that? Could it be that ever glimmer of economic hope is portrayed as a bad thing in the media? Last month, the media narrative was that Census jobs accounted for all of the hiring. Now, this month, even though about half of those temporary jobs ended, private sector employment increased. What is the headline? Not unemployment down for third consecutive month, not Unemployment drops to 9.5%. Not most private sector jobs created in X months. Instead, we get Economy sheds 125,000. (Which, by the way, were TEMPORARY anyway!)

Personally, I am sick of the media trashing the economy. It is time for some positive reporting. The miracle that is America and the miracle that is America's economic engine is working and as soon as we start getting some news with a more positive message, things will begin to improve exponentially.

Posted by: Prosperity2008 | July 2, 2010 9:02 AM | Report abuse

Where is the "Recovery Summer"?

Where are all of those "shovel ready jobs"?

The private sector is scared to death about the taxes and regulation of the health care law. They are buttoning down the hatches.

I had hoped that the Democrats in 2009 and 2010 would follow in the footsteps of Bill Clinton in terms of economic leadership. Instead, they are following in the footsteps of Jimmy Carter.

This is bad news for everyone - a lowering tide depresses all boats.

Posted by: wollefs | July 2, 2010 9:06 AM | Report abuse

The drop in the unemployment rate is not good news. Much of that is likely due to those losing unemployment benefits and so are no longer officially counted as "looking for work."

Posted by: pjs1965 | July 2, 2010 9:06 AM | Report abuse

Nearly a Trillion borrowed dollars of Stimulus and we lose 125,000 jobs.........

Folks the Democrat Party is the anti-business Party.....and business is where all our wealth comes from.

Let's fix this anti-business party by putting their members in the unemployment lines after Tuesday night November 2nd, 2010.......... a night that will live in infamy.........

POST voters have "unease" about YOUR pals the Democrats..........not the NEW GOP which is re-generating itself with fiscal conservatives.......

Posted by: allenridge | July 2, 2010 9:07 AM | Report abuse

That's ok Obama. Take the unemployment away from legal Americans and at the same time let all of the illegals come here to work and not pay taxes and rob our Country blind. I would like to remind you that all of the legal citizens of America pay your wages and you work for us, not the Mexicans that come here illegally. Get your priorities straight!

Posted by: randykree | July 2, 2010 9:07 AM | Report abuse

Well said Prosperity2008, I agree with you.

Posted by: JilliB | July 2, 2010 9:10 AM | Report abuse

People are tired of the endless lies, attempted deceptions and political spin coming out of Washington. The US is in a huge mess and there is no light at the end of the tunnel. All the smoke and mirrors isn't fooling anyone.

I wish I could agree with Prosperity2008, but I can't. I've seen too many homes being foreclosed and known too many hard working people lose their jobs. Unfortunately for us, what the Obama administration is trying, isn't working. We need to be honest with ourselves and admit it. We're deep in debt and the recession is only getting worse.

Posted by: richard36 | July 2, 2010 9:10 AM | Report abuse

Lets see now, We are suppose to belive that we lost another 125,000 jobs and the unemployment rate dropped to 9.5%. This must be Obamaliberal math. Oh and by the way when are you going to mention that we now have to claim our health insurance as income this next year which is going to push our taxes up. I am sure Mr. President you will be able to use your Obamaliberal math to convince millions that this is a good thing that by taking more money out of our pockets(food, cloths, etc. for family)that YOU are doing us a favor, I mean after all we need to pay more to cover the trillions that you keep giving away. I have a better idea, why don't you work for free and when you retire, you won't be eligable for the usual congressmans full salary retirement, because YOU want to help pay off the debt that YOU cause by using Obamaliberal math.

Posted by: sunnie2 | July 2, 2010 9:11 AM | Report abuse

Prosperity2008 - wait until the 50,000 jobs are loss due to Obama's unilateral imposition of the drilling moretoreum (?sp). Those are not burger flipper jobs. These people earn upwards of $70,000 per year. BP will run out of money if we stop drilling because all of the deep water rigs will go elsewhere and it will take an eternity to get them back. This won't be a six month shut down. Those rigs lease for $500,000 per day. Want to see high unemployment?? Stick around.

Posted by: go2he11 | July 2, 2010 9:13 AM | Report abuse

Please! Read this eye opening piece by Intel's Andy Grove: http://www.bloomberg.com/news/2010-07-01/how-to-make-an-american-job-before-it-s-too-late-andy-grove.html

Posted by: crumppie | July 2, 2010 9:14 AM | Report abuse

What the economy needs is much lower taxes and much smaller government, and a lot less uncertainty about the future. ObamaCare, an anti-business President, huge personal and business tax increases next year, are all growth killers not job creators.

The President and Congress can't borrow their way out of this one though they are trying mightily.

Bigger Government, higher taxes, and more borrowing is not the answer folks.

VOTE in November, let's start over.

Posted by: Alangc2 | July 2, 2010 9:18 AM | Report abuse

Not only can Mr. Dithers lower ocean levels, he can also lower employment levels. Hey, how's that hopey-changey thing working out for ya?

Posted by: shel_zahav | July 2, 2010 9:21 AM | Report abuse

Payrolls drop by 125K, jobless rate falls
-----------------------------------------

The only way my brain is going to make sense of this statement is if you tell me 125K retired and their positions were not refilled while 500K people went back to school.

Posted by: forgetthis | July 2, 2010 9:23 AM | Report abuse

These are cooked numbers. They don't include those who have given up because the economy isn't adding jobs. As if these people are not "unemployed."


Hey Washington Post! Why don't you tell us how many people are REALLY unemployed.

Posted by: Indpnt1 | July 2, 2010 9:25 AM | Report abuse

@skeptic1...the entire economic recovery has been based on the government stimulus...why are you so inept you cannot understand this fact? we need MORE stimulus, not LESS!

Posted by: dc1020008 | July 2, 2010 9:27 AM | Report abuse

@Prosperity...I completely agree...the corporate-owned media is so blatantly right wing as to be laughable. the economy is improving and they continue to misrepresent the facts. indeed, the stimulus IS WORKING. that's why we have economic EXPANSION instead of economic DEPRESSION brought on by eight years of no-bid contracts to military contractors that did NOT trickle down the benefits of said contracts to their employees and instead kept it for themselves and shareholders.

shows you how screwed up the priorities on the right wing are. we can give TRILLIONS to irresponsible military contractors, but the moment we give billions in aid to out-of-work Americans, they raise a fuss.

it's a STOOOPID nation, face it!

Posted by: dc1020008 | July 2, 2010 9:31 AM | Report abuse

"Mr Immelt (CEO of GE) also had harsh words for Barack Obama, US president, lamenting what he called a “terrible” national mood and expressing concern that over-regulation in response to the global financial crisis would damp a “tepid” US economic recovery. Business did not like the US president, and the president did not like business, he said, making a point of praising Angela Merkel, Germany’s chancellor, for her defence of German industry.

“People are in a really bad mood [in the US],” Mr Immelt said. “We [the US] are a pathetic exporter...we have to become an industrial powerhouse again but you don’t do this when government and entrepreneurs are not in synch.”

......Yep the Democrats are the anti-business Party.....and their (3) biggest Donors are very anti-business

1. Vampire Trial lawyers
2. Mob-run Unions
3. Environmentalists - who have pushed US manufacturing overseas......

My fellow Americans a vote for a Democrat is a vote against US Business and Industry.............

Posted by: allenridge | July 2, 2010 9:32 AM | Report abuse

The unemployment calculation is so cooked as to be meaningless to anyone but a statistician. The headline says it all, unemployment down, but net jobs lost. Hey, unless they all died, they're still unemployed, they're just not counted.

Look at U-6 instead of U-3. bls.gov

Posted by: IGiveup1 | July 2, 2010 9:34 AM | Report abuse

a STOOOPID nation tricked to easily by a newsmedia that plays on the fears of a populace that puts its priorities in the wrong place. instead of protecting themselves, they vote for representatives who protect corporations. can't get much dumber than that!

Posted by: dc1020008 | July 2, 2010 9:35 AM | Report abuse

This just in from Obozzo's teleprompter........"Yes I know I promised unemployment would stay below 8.5% if you allowed my to rape the treasury but you have to look at the bright side and pull any positives from this nightmare that you can."

Obozzo continued, "Remember listening to your grandparents p!ss and moan about the depression and going on endlessly about how awful it was? Now you have the option of dumping that same type of "you think you got it bad" story on your grand-kids and you have me to thank."

See, it's all a matter of perspective, ain't it?

Posted by: Bcamp55 | July 2, 2010 9:35 AM | Report abuse

@indpnt...you talk about the "total" # of unemployed...why wasn't this figure reported during the Bush Administration too? or are you playing favorites like most posters in this blog?

Posted by: dc1020008 | July 2, 2010 9:37 AM | Report abuse

The good thing is that 83,000 private sector jobs were added. The let go 200,000 census workers who now have to look for work. I believe our economic recovery is tied to what is going on globally. Europe has struggled the last 2 months which has sunk the DOW. The DOW is going to have a miserable day today. I expect a loss of 500 points. The GOP is going to jump on this and I Obama's poll numbers will drop 5-7 points in be in the 40-45 percent range with 50-55 percent disapproving. They want to say the stimulus package was a failure because there is not much to show for it. The problem is is that jobs have been gained, but at the same time people are still losing jobs and it is offsetting net growth.A drop in unemployment may look good, but it really isn't because that means that people have stopped looking. I think the Senate will pass unemployment benefits now. I would cut captial gains for small and large businesses for 6-10 months to encourage them to hire. I would cut bank taxes for financial institutions to encourage them to lend to small businesses so they can hire and expand. I don't see why Democrats and Republicans can agree to extend unemployment benefits by taking money left over from the stimulus/TARP to fund for it.

Posted by: jharris3 | July 2, 2010 9:38 AM | Report abuse

Posted by: randykree | July 2, 2010 9:07 AM
That's ok Obama. Take the unemployment away from legal Americans and at the same time let all of the illegals come here to work and not pay taxes and rob our Country blind. I would like to remind you that all of the legal citizens of America pay your wages and you work for us, not the Mexicans that come here illegally. Get your priorities straight!
=====================================
You miss the point Randy. He's not worried about who pays his salary. He's worried about who's going to vote for him in 2012. The more he supports the lazy, scumbag, welfare recipients, and illegals, the more votes he gets from them to fight off the rage of taxpayers.

Posted by: Bcamp55 | July 2, 2010 9:39 AM | Report abuse

Just another example of Obama misleading the people. Less than 6 weeks ago he was bragging about 432,000 new jobs. What he failed to mention was 411,000 were temp jobs for the Census. It is becoming clear that Obama and many in Congress are easy to spot when they are telling a lie. Their mouth is moving

Posted by: Hopinghere2 | July 2, 2010 9:39 AM | Report abuse

What would you have the 'media' do, Prosperity2008, just make stuff up about the dismal performance of the economy? I mean, they're already making stuff up about everything else...

Posted by: sosueme1 | July 2, 2010 9:42 AM | Report abuse

Some critics continue to assert that President George W. Bush’s policies bear little responsibility for the deficits the nation faces over the coming decade — that, instead, the new policies of President Barack Obama and the 111th Congress are to blame. Most recently, a Heritage Foundation paper downplayed the role of Bush-era policies (for more on that paper, see p. 4). Nevertheless, the fact remains: Together with the economic downturn, the Bush tax cuts and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years (see Figure 1).

The deficit for fiscal year 2009 was $1.4 trillion and, at nearly 10 percent of Gross Domestic Product (GDP), was the largest deficit relative to the size of the economy since the end of World War II. If current policies are continued without changes, deficits will likely approach those figures in 2010 and remain near $1 trillion a year for the next decade.

The events and policies that have pushed deficits to these high levels in the near term, however, were largely outside the new Administration’s control. If not for the tax cuts enacted during the presidency of George W. Bush that Congress did not pay for, the cost of the wars in Iraq and Afghanistan that were initiated during that period, and the effects of the worst economic slump since the Great Depression (including the cost of steps necessary to combat it), we would not be facing these huge deficits in the near term.

http://www.cbpp.org/cms/index.cfm?fa=view&id=3036

Why do wingnuts expect Obama to turn George Bush's Great Depression around in a year and a half? It's like they think he's The Messiah...


Posted by: losthorizon10 | July 2, 2010 9:42 AM | Report abuse

The only way my brain is going to make sense of this statement is if you tell me 125K retired and their positions were not refilled while 500K people went back to school.
>>>>>>>>>>>>>>>>>>>>>>>>>
Actually the math makes sense, as over 650 thousand people dropped out of the labor force. They've given up looking for work. That makes the divisor smaller, making the unemployment rate drop.

There is a facinating article in yesterday's Wall Street Journal yesterday about the "tan tax" implemented to help fund Obamacare. Its supporters justify it by claiming tanning causes skin cancer. However, healthclubs that offer tanning as part of their fees are exempt from the tax. But mom and pop tanning salons aren't. Another fine example of the Administration and Congress targetting small business, which they themselves say create the most jobs.


Posted by: GRILLADES | July 2, 2010 9:43 AM | Report abuse

Isn't it interesting that amidst all the bad news, out lord and savior always has something positive to report. This phenomenon of the constantly shrinking labor force which magically lowers the unemployment rate is amazing. I think the truth of the matter lies with the entrenched Democrat bureaucrats in the labor department who are cooking the books to somehow make Obama look more positive. I all my years of watching unemployment statistics, I have never witnesses this until now.

Posted by: VastRightWingConspirator | July 2, 2010 9:45 AM | Report abuse

What would you have the 'media' do, Prosperity2008, just make stuff up about the dismal performance of the economy? I mean, they're already making stuff up about everything else...

Posted by: sosueme1 | July 2, 2010 9:42 AM
==================================

Yep .......and its the same corrupt liberal/progressive MSM wolfpack press that installed/elected our Great Divider-in-Chief in November 2008 along with great propaganda from left-wing Hollywood and our liberal/progressive colleges and universities ...........sad but TRUE.

Posted by: allenridge | July 2, 2010 9:45 AM | Report abuse

When the economy was adding jobs, Repugs were whining that it was only census jobs and only temporary and the unemployment rate ticked up. When those TEMPORARY jobs end, and the private sector adds jobs, and the unemployment rate DROPS. Give it up, Re-thugs, the carnage of the Bush-induced recession is deep. It is amazing that those that want to "Fulfill the mission" in Iraq, and preach for patience, have not patience for economic damage that will take years to recover from. The stimulus made a difference; now that it's petering out, we see the economy limping along (see the housing market, stimulated by the tax credit, now falling off a cliff). It only makes the case for more stimulus.

Posted by: gso-chris | July 2, 2010 9:47 AM | Report abuse

The unemployment rate dropped to the lowest level since July 2009. But it fell because 652,000 people gave up on their
job searches and left the labor force. People who are no longer looking for work aren't counted as unemployed.

This author fails to mention this TINY fact.

Posted by: hoyaderm44 | July 2, 2010 9:48 AM | Report abuse

@Prosperity...I completely agree...the corporate-owned media is so blatantly right wing as to be laughable. the economy is improving and they continue to misrepresent the facts. indeed, the stimulus IS WORKING. that's why we have economic EXPANSION instead of economic DEPRESSION brought on by eight years of no-bid contracts to military contractors that did NOT trickle down the benefits of said contracts to their employees and instead kept it for themselves and shareholders.

======================================

Howard Kurtz was right when he wrote that some people seem to be on another planet. When someone says that any paper besides the Wall Street Journal is "blatantly right wing" or say that things are better, I feel like I'm in a Star Trek-like alternate universe.

Additionally, no-bid contracts are perfectly legal under several circumstances (Title 10, United States Code).

Posted by: bbface21 | July 2, 2010 9:49 AM | Report abuse

Yet, as citizen job gowth in the private sector stalls, illegal aliens in private sector jobs are indirectly protected by state, local and federal government.

AND, during a recent documentary series in the AZ Central, journalists traveled with several illegal alien families as they migrated from Phoenix to an undisclosed city in Pennsylvania (for obvious reasons) - where it is reported "there are plenty of jobs" for illegals.

As soon as the government recognizes that jobs in America are intended for Americans (by the "law of the land"), the sooner illegal aliens will leave and the private sector job market will burst open with millions of jobs

All we have to do is convince legislators that their first obligations is to citizens and not illegal aliens. When the blue collar job market is taken over by illegal aliens, then they either enforce at the state level (regardless what Obama and Janet say) or get off the pot.

Posted by: asmith1 | July 2, 2010 9:49 AM | Report abuse

I have to laugh at the posters saying "The press needs to talk more positively about the economy".

No, the press needs to report the truth.

It was pretty clear in August 2008 that Obama was going to win the election. So Obama trashed the economy every chance he got. He told us it was the worst recession ever, that it rivaled the great depression.

Why would he do this?

Because he figured he would come in, dump a few dollars into the economy and it would come roaring back within 6 months.

That might've worked too, if we had a president with a clue.

So now that it's taking longer (because his agenda is literally crushing businesses and creating uncertainty) he is lost like a little lamb in the dark.

So he sowed this, and he is reaping it.

He's not competent and should be voted out of office as quickly as is legal. At a minimum, every person who supports him should be removed from office this fall so we can limit the damage this guy can do to us and our children.

I heard the phrase "Depression Obama" and it seems quite accurate.

Posted by: Skeptic1 | July 2, 2010 9:50 AM | Report abuse

You want economic growth and rising employment, my lefty fellow travellers?

CUT TAXES!

...and before you draw a breath to tell me once again how we're paying less under Obama, read this:

http://www.american.com/archive/2010/june-2010/should-we-raise-taxes-on-the-middle-class-we-already-are

Posted by: sosueme1 | July 2, 2010 9:54 AM | Report abuse

I love how Republicans insist on having it both ways. When the Census Bureau was hiring temp workers, it was bloated government. Now that their temp assignments are over, it's proof that Obama is driving jobs into the ground.

Everyone with an ounce of sense knew that the Census Bureau would be hiring a lot of people early in the year, and laying them off when their work was done. The only numbers that matter in this report are private sector payrolls.

Meanwhile, we know two things: month-to-month payroll changes are in much better shape than they were when Obama took office -- see chart 2: http://www.bls.gov/news.release/pdf/empsit.pdf -- and the stimulus bill added one to two million jobs, impoved GDP by 1.5 to 3.5 percent by 4Q'09, and lowered the unemployment rate by 0.5 to 1.1 percent by Feb'10 -- http://cboblog.cbo.gov/?p=474 . As Susan Sarandon said in Bull Durham, you can look it up (though Republicans never do).

Posted by: mcclure03 | July 2, 2010 9:54 AM | Report abuse

How many jobs do you think are impacted by the Oil Crisis? There are roughly 19355 cities in America so that comes to about 8 jobs per city. So none of you are in a position to give someone a Job? Do your part America and stop whining. As for Illegal immigrants stealing the wealth in this country, GROW UP!! Those less than minimum wage jobs are like killing an Ant with a Nuclear Bomb! Just ask John Boehner your fearless leader. You guy's are supposed to be smarter than this. No Wonder the likes of Michelle Bachmann and Sarah Palin are your dream ticket to lead this country.

Posted by: minco_007 | July 2, 2010 9:55 AM | Report abuse

"It only makes the case for more stimulus"

Wow. You should work for Obama. He has surrounded himself with people with the same brilliant insight as you.

I have to admit, you're probably more qualified for VP than the guy he brought in, Crazy Uncle Joe

Posted by: Skeptic1 | July 2, 2010 9:56 AM | Report abuse

The government never registers discouraged unemployed job seekers on the unemployment rate data record. I am the one of several millions of discouraged unemployed job seekers. I am out of work since 2008. I have been discriminated and victimized by job recruiters and politicians that prevent us to get jobs because they hate jobless people. Brainless arrogant and greedy politicians enjoy lives with flowing our tax dollars to support them with fulfilled. The government plays statistic lies and uses media deceptions in order to convince the people to believe and support politicians' justification on this economic issue.

Posted by: oneeye_jeff | July 2, 2010 9:56 AM | Report abuse

I agree with Prosperity. It's ridiculous that the comments that I am reading here are all so negative. "obamacare" did not even pass. GET OVER IT! What did pass was a totally different set of rules for the Insurance Industry - While making it mandatory for everyone to have it (put simply - a way to decrease the costs of healthcare). We have created jobs - 83000! That's a lot. This is GOOD NEWS! No matter what kind of good news we get - someone's gotta smear Obama, even when it makes No Sense WhatSoEver! He has to go thru the channels that are our legislative body to accomplish anything -and it's a miracle that anything has gotten done - with the way that republicans are constantly blocking any and all liberal backed legislation. Republicans were so ticked that we have a democrat pres. that they have made a policy of disagreement. Like a little kid on the playground who doesn't get to pitch the kickball game, they make their mad faces, crosses their arms and says no to everything. "do you want to go over there and swing?" -no! "do you want to go and call your mom?" -no!! "do you want cake?" -NO! All of the things that they are accomplishing in Congress are ways to progress the country. How hard is it to understand that we TRIED IT YOUR WAY!!! IT BLEW UP IN OUR FACES! Now quit your pouting and go play on the monkey bars.

Posted by: aoconnor2 | July 2, 2010 10:03 AM | Report abuse

So, aoconnor2, if we all join hands and sing kumbaya things will just NATURALLY get better? Keep sippin' that kool-aid dude!

"We'll all be drinkin' free Bubble-Up and eatin' that rainbow stew"

(if one is still spouting liberal (non)ideas beyond the age of thirty-five it's way past time time for mental health intervention)

hint: they don’t work!

Posted by: sosueme1 | July 2, 2010 10:24 AM | Report abuse

sosueme1 - you seem to be quoting from those silly bumper sticker emails... I like the kool-aid that tastes like American jobs. It's delicious.
Seems to me that this top down philosophy of letting the rich get richer while the poor get nuthin has failed miserably. We are sending jobs overseas and nobody has blinked until now. And - oh - that's Obama's fault too.

Posted by: aoconnor2 | July 2, 2010 10:32 AM | Report abuse

You make the same mistake as everyone I've ever debated in an online forum, aoconnor2. I'm not happy about the export of jobs and I'm also not happy about the jobs that stay at home, as they CAN'T be exported, being filled by illegals. I'm also not a damn bit happy about the disparity of wealth distribution that is caused by crony capitalism, as practiced by neo-con country clubbers, RINOs and democrats (demopublicans and republocrats, to be accurate).

And I know how to fix it all. See, I'm a Libertarian.

(hint: conservative economic policies work. Additional hint: republicans and above all, democrats, ARE NOT economic conservatives)

http://www.lp.org

Posted by: sosueme1 | July 2, 2010 10:43 AM | Report abuse

...sigh...

Posted by: davecheeney | July 2, 2010 10:53 AM | Report abuse

Every person that is unemployed or cares about the unemployed should be signing this.

http://www.change.org/petitions/view/the_99ers_need_ a_tier_v_added_ to_unemployment _benefits

I am not one of the unemployed however see the need for Unemployment extensions… The fact that Congress cannot find other cuts is unacceptable; they always go after what is needed the most and save their pet projects and Wall Street friends.

Congress needs to be held accountable for the their failure to create a jobs bill and a jobs market. Extending Unemployment is not the answer however it what is needed now.

The Answer is to create jobs, which will take Congress placing higher taxes on any company that out sources jobs over seas, higher taxes on any funds leaving the US and higher tariffs on imports. Until then we have to pay out unemployment for the failure of our leaders.

Support unemployment here, it is one of Change.org highest all time petitions.

http://www.change.org/petitions/view/the_99ers_need_ a_tier_v_added_ to_unemployment _benefits

I am dropping this link everywhere to gain support for the unemployed. I am doing my part, are you?

Posted by: Tim_incubator | July 2, 2010 11:22 AM | Report abuse

Prosperity2008, you don't realize it but this article WAS the positive spin on the job front. They didn't even report the most significant stat in the article. 652,000 people were added to the list of discouraged workers. A discouraged worker is an unemployed worker who is not actively seeking employment. He or she is available to work, and has looked for employment sometime in the past year, yet is no longer job hunting because he or she believes there are no jobs available.

The Bureau of Labor Statistics does not consider discouraged workers to be unemployed.

This number dwarfs the number of people who found work or lost their jobs in June. Thus the employment picture got much worse in June.

In fact, if you include the number of discouraged workers the percentage of unemployed workers is actually between 17-18%.

Posted by: Leftshot | July 3, 2010 2:24 PM | Report abuse

The Great Recession - 8 Million Jobs Lost!

Hmmm... All the charts, graphs and technical terms cannot hide the truth... the problem is and has always been Employment.

The USA exports more JOBS than any other country in the entire world. How do we reverse it? How do we stop it? How do we put Americans back to work?

Not with tax cuts. Not with deregulation. Not with bailouts. Not with stimulus money. Not with health care. Not with interest rates.

In the USA, there is only one way fix the problem... STOP Exporting Jobs and STOP Importing Outsourced Products.

We MUST Make Outsourcing Unprofitable... Tariff, Tax and Levy!

The Stop Outsourcing and Create American Jobs Act of 2010 (H.R. 5622)
just may be the answer!

Posted by: jpinsatx | July 4, 2010 7:07 PM | Report abuse

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