Will Obama see unemployment below 8% before he gets landslided out of office?

Sawdust_128 2012/08/24 15:28:02
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Obama can't get people back to work, 
but he sure knows how to waste
$1-trillion dollars.


Statement of

John M. Galvin
Acting Commissioner
Bureau of Labor Statistics

Friday, August 3, 2012

Nonfarm payroll employment rose by 163,000 in July, and the
unemployment rate, at 8.3 percent, was essentially unchanged. ....

Turning now to data from the survey of households, the
unemployment rate, at 8.3 percent, and the number of unemployed
persons, at 12.8 million, were essentially unchanged in July.
The labor force participation rate, at 63.7 percent, and the
employment-population ratio, at 58.4 percent, changed little over
the month. These indicators have shown little movement thus far
in 2012.

Among persons who were neither working nor looking for work
in July, 2.5 million were classified as marginally attached to
the labor force, down 256,000 from a year earlier. These
individuals had not looked for work in the 4 weeks prior to the
survey but wanted a job, were available for work, and had looked
for a job within the last 12 months. The number of discouraged
workers, a subset of the marginally attached, was 852,000 in
July, also down from a year earlier.

In summary, payroll employment rose in July (+163,000). The
unemployment rate, at 8.3 percent, was essentially unchanged"
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  • bye 2012/08/24 16:37:44
    Blind dog will find a bone first!
    I'm not sure he really cares past November.
  • Schläue~© 2012/08/24 16:05:30
    All of the above
    It will most likely be 9% and the U6 - (real number) over 20%.
  • Sawdust_128 2012/08/24 15:32:56

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