Drudge Retort: The Other Side of the News
Friday, August 01, 2014

The high-flying labor market showed no let-up in July as employers added 209,000 jobs. The unemployment rate rose to 6.2% from 6.1%, the Labor Department said Friday, as 329,000 Americans, including many who had given up their job searches, surged back into the labor force. Although July's gains fell short of estimates and average monthly job growth of nearly 230,000 so far this year, it marked the sixth straight month of 200,000-plus employment increases -- the longest such stretch since 1997.


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But .....

The Labor Department says weekly applications for unemployment aid rose 23,000 to a seasonally adjusted 302,000. ...

#1 | Posted by AndreaMackris at 2014-08-01 04:13 PM | Reply | Flag:

One can only wonder what strength the US Economy would have if there was more political certainty coming out of DC. No long-term fix to the highway trust fund, continuing brinksmanship about debt limits, the circle of jerks in Congress voting down Obamacare every Thursday yet not able to pass bills their majority seem to favor, etc.

Repubs--listen to your business constituents, who want political certainty and stability AT HOME...

#2 | Posted by catdog at 2014-08-01 04:32 PM | Reply | Flag:

Actual unemployment is four times higher than the BLS reports @ 23%. Think about that, one out of every four people that need a job can't find one. According to the rightie-tighties, its their own fault because they did not plan their life properly.


#3 | Posted by nutcase at 2014-08-01 04:46 PM | Reply | Flag:

Meanwhile, the Law of the Land is completely ignored:


#4 | Posted by nutcase at 2014-08-01 04:48 PM | Reply | Flag:

I love reading the spin for what passes as economic news. Any 'recovery' is weak or anemic at best and the clowns in D.C. (both parties) do little or nothing to actually help. High numbers of unemployed or underemployed combined with higher numbers on government assistance tells the real story.

And leading into my standard screed ... this contributes to the coming collapse when we can't pay the national debt. If they had cut spending and actually practiced fiscal responsibility ten or more years ago we might have avoided some or all of the problems ahead. But it's far too late and the D.C. crowd keeps rearranging the chairs on the deck of the U.S.S. Titanic.

Enough ranting, heading outside to enjoy a wonderful, fun day and watch the solar panels make electricity from sunshine.

#5 | Posted by AKat at 2014-08-02 11:16 AM | Reply | Flag:

The stats are dubious, the only unemployed counted are those receiving unemployment compensation. Not a word about the 9 million who dropped out of the work force.

#6 | Posted by docnjo at 2014-08-02 04:43 PM | Reply | Flag:

Re #4 | Posted by nutcase at 2014-08-01 04:48 PM | Reply | Flag:

Its a stupid law

#7 | Posted by danv at 2014-08-02 09:14 PM | Reply | Flag:

Those would be recession-era numbers for a normal president. But with Zero, it's time to get the organ guy warmed up for "Happy Times Are Here Again".

Barack Hussein Obama. Lowering the Bar Since 2008.

#8 | Posted by WhiteDevil at 2014-08-02 10:03 PM | Reply | Flag:

it marked the sixth straight month of 200,000-plus employment increases -- the longest such stretch since 1997.

That's nothing compared to the 8.7 million jobs lost during Gannon's punchboard's great recession.

#9 | Posted by reinheitsgebot at 2014-08-02 10:36 PM | Reply | Flag:

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