Friday, July 2, 2010

Jobless rate 9.5%, jobs lost in June, still bad all around for jobs

The 9.5% is for folks that have stopped looking. The jobs lost are those CENSUS JOBS, the TEMPORARY JOBS. The hiring from private industry is only 83K and jobs in this country are still non-existent. And ain't it nice that congress gets to go home without extending unemployment benefits for the over 1.2M that need it. In fact, when they get back to D.C. and look it over, more than 2M will be bounced off. Nice, congress, for an institution that has more DAYS off of work than actually DOING WORK. And D.C. wonders why people HATE congress....

A wave of census layoffs cut the nation’s payrolls in June for the first time in six months, while private employers added a modest number of jobs, according to the government’s latest report on the labor market.

Employers cut 125,000 jobs last month, the most since October, the Labor Department said Friday. The loss was driven by the end of 225,000 temporary census jobs. Businesses added a net total of 83,000 workers, an improvement from May. But that's also below March and April totals.

The unemployment rate dropped from 9.7 percent to 9.5 percent, 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.


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