Right Change: June’s Disappointing Jobs Report

The new jobs report is out and it is not pretty. With only 80,000 jobs added in June it will take about 23 years to reach pre Obama unemployment numbers of 4-5%. This is now the “Recovery Summer” 3.0 with no recovery in sight. 

As RedState.com put it:

The June jobs report from the BLS is out this morning, and the findings are not pretty.  The headline number of the establishment survey is that only 80,000 net jobs were created last month; about 100k under the requisite amount to accommodate the population increase.  The working-age population grew by 189k in June, according to the household survey.  As such, there are now 29 thousand more unemployed than there were last month.  The U6 rate also ticked up to 14.9%.

Also, the labor participation rate and population-employment ration remain near all-time lows.  There are now 1.82 million more people not in the labor force now(delete) than just 12 months ago.  If you go back to January 2009, the month Obama took office, that number is a whopping 5.48 million!  This comes after several months of dismal jobs reports.  We’ve been averaging just 75,000 new jobs over the past three months.  What about minorities?  According to the household survey, unemployment among blacks ticked up almost a full point to 14.4%

As if you needed to feel any worse about how bad the economy is:

Just 80,000 jobs added in June...

One-third at temp agencies...

85,000 WENT ON DISABILITY IN JUNE!

Broader Jobless Rate At 14.9%...

Unemployment rate for blacks jumps to 14.4%...

Rate stuck at 11% for Hispanics...

780,000 Fewer Women Employed Under Obama...

Obama: 'Step in the right direction'...

Romney: 'It Doesn't Have To Be This Way'...

Anxiety mounts as economy limps into 2nd half... 

DOW PLUNGES...

Team Obama predicted 5.6% today with stimulus...

IMF to cut global growth forecast...

'Tilted to the downside'...

Obama can go around blaming the slow recovery on ATMs, tsunamis, the power minority GOP or whatever else he wants to but he is the President and as he puts it, “the buck stops with me.” Well Mr. President, it is your policies of massive government and more regulation that have caused this to be the slowest recovery ever. You have 4 more jobs reports before the election and it is not looking good. It is the American peoples’ responsibility to elect who they think can lead America out of this mess and we better chose wisely.

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