June 2010 Jobs Report: 125,000 Jobs Lost, 9.5% Unemployment & 625,000 Workers Just Gave Up

 

Obama in Wonderland, talk about a US economy in Obamaland. Obama says that America is moving in the right direction.  America, how’s that ”Hopey, Changey” stuff working out for you?

Only with Obama in Wonderland can the creation of 83,000 private sector jobs, while 625,000 people just gave up looking for employment be considered a step in the right direction.

obama_no-clue

Obama’s $862 billion stimulus plan gets us no job creation and a mountain of debt for years to come. Obama praises the stimulus while 29% of American voters agree with Obama and 43% say that it hurt the economy.

The United States lost 125,000 jobs in June, the unemployment rate was at 9.5% and 625,000 people just gave up looking. With economy numbers like that, the delusional “Misleader” in Chief praised the jobs report and said that we were headed in the right direction. UNBELIEVABLE!!!

Even the AP is accurately reporting that the June jobs report is dismal and why the unemployment rate came down. AP reports that  the economic data points to a slower growth in months to come, not an increase.

 

Many of the jobs that were lost were the temporary Census working jobs; however, Obama certainly took credit for those same jobs when they were added to the work force. Sorry, you cannot count something as a job created if you know it’s temporary and will be  net gain of zero. Some on the LEFT and Obama looked to the fact that the unemployment rate dipped to 9.5% from the previous month’s 9.7%. It is hardly encouraging news when the reason why the unemployment rate lowered was because 625,000 discouraged workers just gave up.

The US economy lost 125,000 jobs in June, more than economists had forecast, as thousands of temporary census jobs ended and private hiring grew less than expected.

And though the unemployment rate unexpectedly fell to 9.5% from 9.7%, the lowest in a year, it was largely due to more people dropping out of the labor force.

The report was the latest sign that the economic recovery may be faltering.

“Overall what this does is it reinforces the market’s view that the U.S. recovery is losing steam,” said Greg Salvaggio, vice president of trading at Tempus Consulting in Washington.

With Barack Obama touting his economic stimulus plan as a success, it is obvious to all rational, common sense thinking people that it has been a complete and total failure. Month after month the jobs reports come in under analyst expectations and a mere 83,000 private sector jobs were created. This is hardly a recovery.

Obama claims that the economy is moving in the right direction, REALLY? From what perspective, socialism? Housing sales down, uneremplyment up, no real private sector jobs created, people leaving the job search market in grove and some how Barack Hussein Obama thinks we are headed in the right direction. What, over a cliff?



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  • GDP Slows to 2.4% in 2nd Quarter, Is This Obama’s Economy Moving in the Right Direction?
  • Obama Gives Himself a Grade of “I” for Incomplete for First 18 Months as President … Obama Says Economy is Half Way Back




  • Comments

    17 Responses to “June 2010 Jobs Report: 125,000 Jobs Lost, 9.5% Unemployment & 625,000 Workers Just Gave Up”

    1. nurturer on July 3rd, 2010 9:38 am

      From what I have been reading from “contrarian sources” the actual unemployment number is 17%, not 9.

      Just as the govenor of Arizona found out . . . WE ARE BEING LIED TO . . .

    2. NewGirlBoston on July 3rd, 2010 9:55 am

      Yah know….the blame game thing is getting so old. Over a year and a half in office and he is still blaming GWB for the crappy economy and loss of jobs?

      The DJIA has hit all time lows since this Turkey has been in office also. Barack is CLUELESS. When is he going to stop flapping his gums and do more about it? Answer: Never.

      http://www.cnn.com/2010/POLITICS/07/02/obama.economy/?hpt=Sbin

    3. Paula on July 3rd, 2010 11:16 am

      When Obama says that the country is moving in the right direction he is absolutely right. It may not be the direction that the majority of Americans want but it is going in the direction that Obama wants.
      __________________
      SM: Obama should not be saying that the economy is moving in the right direction, he shouls be saying it is moving in the socialist direction.

      However, the country is moving to the “RIGHT” and that will spell political doom for Democrats and Obama in 2010, 2012 and thereafter.
      R

    4. POed Taxpayer on July 3rd, 2010 2:58 pm

      There’s something in the air I smell oh it’s the BS coming out of DC and the democraps!!

      Time to clean house and boot the RINO’s out too!!!

    5. Maggie on July 3rd, 2010 3:35 pm

      I can’t wait for this bozo to get out of office.. can’t be soon enough for me.. and where is everyone in the govt. this weekend ? Out for vacation? day 75 of the oil spill..

      Six months to go until the largest tax hikes in history,,

      http://www.atr.org/sixmonths.html?content=5171

    6. Scared Monkeys on July 3rd, 2010 8:04 pm

      #1, you are correct in that is the true number. The way they figure out unemployment #’s is convoluted. What a shock.
      R

    7. barbreee on July 3rd, 2010 9:52 pm

      heavy sigh. really really heavy sigh.

    8. super dave on July 4th, 2010 8:22 am

      #3: you must be from ennis since you just showed us your brain size. a bb is probably quite larger as compared to your brain.

    9. Paula on July 4th, 2010 9:34 am

      Super Dave I think you have misunderstood my comment. I believe that Obama isn’t inept at all but is doing exactly what he wants to do – according to his plan. I believe that he is an enemy of the USA. I don’t believe he is moving in the right direction but I do believe he is moving in the direction he intends to. Anyway, God bless America and happy 4th of July to all!

    10. Paula on July 4th, 2010 9:49 am

      I would also like to point out that when I was born Harry Truman was president. That’s a long, long time ago. In all of those following years and all of the presidents since then, I don’t recall one as arrogant and deceitful as Obama.

    11. nurturer on July 4th, 2010 9:53 am

      Now we know what we have, we need to be asking ourselves how did someone like this get into the White House in the first place.

      I could tell you why, but you will not like it.

    12. Our Misleader in Chief Barack Obama is Partying Like It’s 1932 … | Scared Monkeys on July 5th, 2010 2:55 pm

      [...] Barack Hussein Obama had the audacity last week when the new jobs report was released that we are headed in the right direction. Some one in the MSM might have wanted to ask [...]

    13. Dumb and Dumber … Obama Tries to Sell Economic “Recovery Summer” & Biden Says No Debacle for Democrats In November Midterms | Scared Monkeys on July 8th, 2010 10:53 am

      [...] slow pace, not even fast enough to start bringing the unemployment rate down,” Shierholz said. The economy added 83,000 private-sector jobs in June, but that’s not nearly enough to make up for the 7 million jobs lost during the recession.   [...]

    14. John on July 10th, 2010 12:11 am

      First, we got Carter. Then, Clinton. Now, this jackass. And he’s not even an American. (And how the hell did THAT happen?)

      Obama is such an arrogant creep, such a loser, such a bad president, that he’s handed the Fed to the Republicans for the next 100 years. After his nightmare presidency, no one will ever vote Democrat again.

      Ever notice how the worst presidents are all Democrats?

    15. Obama Hope & Change Obamanomics: First Time Jobless Claims Jump 37,000 to 464,000, Most Since February | Scared Monkeys on July 22nd, 2010 8:12 am

      [...] Gee Barack, the economy is headed in the right direction, eh?  [...]

    16. GDP Slows to 2.4% in 2nd Quarter, Is This Obama’s Economy Moving in the Right Direction? | Scared Monkeys on July 30th, 2010 9:50 pm

      [...] Obama had previously stated that the economy was headed in the right direction. [...]

    17. Obama Economy Loses 131,000 Jobs in July 2010 … We Are Heded in the Right Direction As Per Obama | Scared Monkeys on August 6th, 2010 10:43 am

      [...] June 2010 following the disappointing jobs numbers, Obama stated “we were headed in the right direction“. What say you Mr. President after these pathetic job numbers? Some thing tells me [...]

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