Sluggish economy
Though the White House no doubt will trumpet an improvement in the unemployment rate in June — down to 9.5 percent from May’s 9.7 percent stat — the monthly jobs report is a worrying figure for President Obama and Democrats four months out from the mid-term congressional elections. The Labor Department reports an overall decline of 125,000 jobs in June, reflecting the loss of 225,000 federal census workers who’ve finished their work. Analysts knew the census positions would be lost but hoped the private sector would make up for it. As for the jobless rate, the improved figure is due to 652,000 people who’ve left the labor market. Experts say the statistics reflect a labor market that remains sluggish as employers remain reluctant to add jobs. Again, not the kind of economic news Obama and his allies are looking for.
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Census jobs need to be removed from jobs reports the last two months to accurately reflect non-census job creation. Including them makes the June 125,000 total job loss look ominous. In May if you include census jobs, the economy created over 400,000 jobs the largest month of job creation in ten years. Ten years ago was the last census so it should not be surprising that this May reported the highest job creation for a single month since the last census in 2000.
Non-census positive job creation every month this year with over 600,000 jobs created.
Not enough but it dos show the effect of the stimulas at work. In June 83,000 non-census jobs were created to June of 2009 when there was job loss of 450,000 a net swing of +533,000 year over year.
Happens evry ten tears and anyone can cherrypick the numers any way they wish depending on their ideology.