Comments on: Employers Cut Jobs For 6th-Straight Month

62,000 Employees Slashed From Payrolls; High Energy Costs Blamed For U.S. Labor Woes

[frootloop47]

when unemployment benefits run out and they cant get a job, DEPRESSION a''''COMING
Posted by underdogus01
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Underdogus, These reports only report the people that are currently on unemployment. People for YEARS have been dropping out of unemployment WITHOUT getting another job.

Truth is nobody knows how many folk are employed

[jn122736]

whomever wins the next election is inheriting the worst condition the country has been in since the depression. bush has made a litany of economic errors. like wall street short term gain for long term problems. the bush boys will point and say look at the mess and everything was good while we were there. they have created a mess that took 8 years and it will take 25 to unravel it
Posted by bogusbones at 01:21 PM : Jul 03, 2008
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You couldn%u2019t be more right.

This administration dramatically cut taxes (mainly benefiting the wealthy) then BORROWED or printed $ trillions to pay for It, thereby doubling the national debt.

In addition, they are using fraudulent reports about the unemployment and inflation rates in order to postpone the inevitable until after the democrats take over and try to repair the damage so they can, once again, label them tax and spenders.

Anyone who can%u2019t see that by doubling the national debt and the necessary interest on that debt, this Administration has actually RAISED their taxes, are either beyond help or they are a willing participant in the treachery.

[naucoming4u]

True, but who is going to buy their products at those wages? No one in this country. Guess they intend to market their junk to other lands. Basically, they are completely abandoning this country to line their own pockets.

Posted by mortal3 at 01:52 PM : Jul 03, 2008
...........

Exactly!

But that''s the "free market" economy at work!

Corporate "America" has one main creed:

- Commerce before country, profit before people.

[forthepeopl1]

when you have million of americans starving and not getting any money from the goverment.

then you will see americans fighting for america killing in the millions will be going on. no one will be safe.

so your right start buying all the ammo you can it will be needed to change this goverment.

[forthepeopl1]

The birth-death "adjustment" added 177,000 jobs to the latest report, which put the total adjustment for the year at 600,000 new jobs -- or so the government claims.

Of course, it arrived at this number through a completely flawed methodology: At the end of the year, these numbers will quietly be backed out - just as they were last year. Even given these manufactured numbers, employment decline is consistent with recession.

The government only has statistics for jobs that are lost by small businesses; it gets this information from employment insurance numbers, etc. It has no information about how many jobs are created. Thus, it makes it up.

The government just assumes that for every job lost, there''s one added -- and then it adds that back to the jobs number.

This logic is flawed, to say the least.

In a recession, does it make sense that jobs would be created at the same rate at which they''re lost? Of course not, but that''s how government bureaucrats think and act -- just one reason we''re in so much trouble.

It''s not reality, but manipulation, pure and simple. If you recall, the government very quietly acknowledged that all those birth and death assumptions were false at the end of last year. No one seemed to notice this, of course.

But presto! Over a million jobs it claimed were created vanished into thin air.

[tejasdemo]

I''''m starting to think that besides the tax rates needing an adjustment, there should be a one-time "penalty tax" for anybody who ever donated to the Bush/Cheney campaign and/or funded a 527 for Republican interests and so enabled the rape of America.


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Posted by ibsteve2u at 01:14 PM : Jul 03, 2008

Best post I have seen in a looooong time. Add taking away all Republicans voting cards until IQ tests are administered and we have a deal !

[underdogus01]

JTait2.. NEWS FLASH: Jihadist aren''t going away....

[bogusbones]

whomever wins the next election is inheriting the worst condition the country has been in since the depression. bush has made a litany of economic errors. like wall street short term gain for long term problems. the bush boys will point and say look at the mess and everything was good while we were there. they have created a mess that took 8 years and it will take 25 to unravel it. send this administration to iraq and afghanistan to fight the wars they started. send them to ohio and michigan unemployment lines so they can see the desparation their policies created. i''m sick of the same old d.c. and wall street garbage that we have to endure. a lot of $ for the few, misery for the many.

[missingamerica]

I''m starting to think that besides the tax rates needing an adjustment, there should be a one-time "penalty tax" for anybody who ever donated to the Bush/Cheney campaign and/or funded a 527 for Republican interests and so enabled the rape of America.

[underdogus01]

don''t buy gold, buy bullets....

[underdogus01]

when unemployment benefits run out and they cant get a job, DEPRESSION a''COMING

[mcvet]

Hey smogbrain, that''''s because when your unemployment benefits run out you are no longer carried as an unemployed person. Nice trick to fool the brain dead.

Posted by harpoot at 12:35 PM : Jul 03, 2008
+ report abuse

Well it was created by the puppets of those who have seen their Wages INCREASE 400% while the standard of living for the rest of us FELL. ROFLMAO

[mcvet]

Hang in there unemployed. OBammy''''s gonna change it. While you don''''t have anything to do, you can help write his bogus biography.

Posted by globlwarning at 01:01 PM : Jul 03, 2008
+ report abus

Most American''s hope somehow Obama can turn around the mess created by George W. Bush and the Fascist but NOT this Nazi... He doesn''t care about the nation or anyone but himself. You have to wonder where they slime from.. what produces them. SIEG HEIL BUSH

[underdogus01]

there you have it folks we are in serious trouble and it will only get worse, happy 4th of july!! watch your head

[missingamerica]

"The unemployment rate held steady at 5.5 percent." = "Since the beginning of 2008, roughly 400,000 people have lost their jobs"????

Daggone...the people in the Commerce Department and the Department of Labor do an OUTSTANDING job of "staying on-message".

lolllll...

[underdogus01]

That doesn%u2019t fir any mathematical deduction/formulae%u2019s I was taught.


Posted by jn122736 yep I agree with you!! 100%

[underdogus01]

jamesm12341....is a 19yr old teenager a "troll"

[jn122736]

%u201CHeavy job losses in construction, manufacturing, business services and retailing eclipsed job gains in education and health services, leisure and hospitality, and government.%u201D

%u201CEmployers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy''s fragile state. The unemployment rate held steady at 5.5 percent.%u201D
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With the continuing increase in the U.S. population it is only logical to assume that a larger number of new citizens entered the workforce than citizens who retired/left.

Add that number to the 62,000 net job losses in June, and the real increase in the jobless for June is probably at least six digits.

How can the jobless rate hold steady when the increase in the number of jobless workers available, exceeds the jobs available?

That doesn%u2019t fir any mathematical deduction/formulae%u2019s I was taught.

[element51]

When NAFTA was being debated I felt there was a problem with it when I first heard about it. Then when Rush Limbaugh came out in favor of it I knew it was wrong, wrong, wrong. I believe in fair trade but I also believe that the playing field must be level and we know that with NAFTA is isn''t. And as for the unemployment rate, 5.5% is a lie. In addition, many workers have gone from 14-15 dollar per hour jobs to jobs paying 7-8 dollars per hour. Although the right wingers out there claim that Americans (democrats) don''t want to work they are dead wrong. Nobody wants to not work. So people end up taking jobs at half the pay they were getting and the govenment no longer counts them as unemployed. (technically true) My oldest son finds out today if his job is going to be out-sourced. He has a baby coming in September and there are NO decent paying jobs. He is a skilled welder. What''s he going to do? We live in a town of 165 thousand, not a small town and still...no jobs.

[ianlou]

But here I go again trying to use these strange things called FACTS when I''''m dealing with children.
Posted by ritewingman

Too bad for you these "children" have a vote.