July unemployment numbers down 47% from June's numbers!!

[JohnWxy]

http://news.yahoo.com/s/nm/20090807/bs_nm/us_usa_econom...

WASHINGTON (Reuters) – The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, giving the clearest indication yet that the economy was turning around from a deep recession.

U.S. employers shed 247,000 jobs in July, the Labor Department said on Friday, the least in any month since last August, taking the unemployment rate down to 9.4 percent from June's 9.5 percent.

"It suggests the recession will be ending before the end of the year. There isn't any part of the economy that hasn't shown some slowing in deterioration," said Joe Davis, chief economist at investment company Vanguard in Valley Forge, Pennsylvania.

Recent data ranging from home sales to manufacturing have pointed to an economy starting to dig itself out of one of the worst recessions since the Great Depression of the 1930s.

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A little good news in the midst of this REPUBLICAN DYSTOPIA!

[demosincebirth]

1. Wingers nightmare

[jakeXT]

2. Some comments from Williams & Rosenberg

The auto industry itself was alone among durable goods manufacturing industries in showing a reported, seasonally-adjusted monthly gain in July, up by 28,000 jobs. (Would anybody who recently got a job at Chrysler and GM please write us immediately)

...

To be sure, the drop in the unemployment rate was a surprise, but it was all due to the slide in the labour force — the employment-to-population ratio gives a more accurate picture of the slack in the labour market and the hidden secret in today’s report was that this metric slid to a 25-year low of 59.4% from 59.5% in June and 61.0% at the turn of the year. Of those unemployed, 33.8% of them have been unemployed now for over 27 weeks — a record amount (was at 29.0% in June and was at 17.5% at the start of this recession).
http://www.zerohedge.com/article/truth-behind-todays-bl...

[MercutioATC]

3. You just keep on letting them blow sunshine up your ass, punkin.

Check the "discouraged workers" number and you'll see that we actually had another increase in unemployment.

[dixiegrrrrl]

12. YOU... get over here, I saved you a seat with me on the A ark.

It runs on reality based fuel.

[Kat45]

4. But we need jobs to be created!

It's terrific if fewer jobs are getting cut but that's no help to those of us who's jobs were already cut. New jobs must be created before the economy can truly recover.

[comtec]

5. Thats because there aren't ANY FUCKING JOBS LEFT TO CUT!!

We are past muscle and sinew, we're into the fucking BONE and approaching marrow!!!

The reason "New unemployment" is down is because there is very little left to trim!

Companies were already working employees to the bone before the depression hit, now they are to less than a skeleton crew in many places. if things picked up overnight AMERICA COULD NOT COPE!
I know my company was already understaffed. a commonality really because no one here wants to put up with the bullshit that an american company puts it employees through.

i swear they use every fucking loophole in the law, then invent some more, to keep from treating us like humans. im sure the us execs hate that the MUST pay money to cover travel expenses (I come in from 45km away) and HATE that they have to pay us a living wage+ (Im actually UNDER paid for what I do but *shrugs* it's money) and I KNOW they REVILE the fact that a employment CONTRACT is just that a CONTRACT binding to BOTH sides, not just the employee. and the 26 days mandatory, minimum, paid time off + 8% vacation pay must give them ulcers.

they must hate that the Dutch government (the lenient of the eu countries in this matter) requires employees to be treated like well.. people. and people need stress relief.

That said... you can't cut anymore. there's nothing left but bits of bone. if real unemployment gets much higher, the economy will implode. you simply can not maintain an economy with 20% unemployment.

of course its going to go down...and if they released accurate unemployment number im pretty sure we're close to whatever the magical number that will cause the economy to simply stop.

[pokercat999]

7. Been to a Sears store lately? There are more "employees"

than customers.

Now how is it that Sears, which can't really be doing that well has all these employees?

Straight COMMISSIONS SALES, that's right they don't get wages they get commission only. Sears can have as many "employees" as are willing to show up and hang around for COMMISSIONS ONLY, the freaking number is unlimited.

Well at least it's air conditioned in the summer and heated in the winter and if the security cameras fail or are sabotaged you could shoplift for your "commission".

[girl gone mad]

6. This is bad reporting.

"U.S. employers shed 247,000 jobs in July, the Labor Department said on Friday, the least in any month since last August, taking the unemployment rate down to 9.4 percent from June's 9.5 percent."

The numbers come from two different surveys.

[TheWatcher]

9. Of Course it is. But right now it really doesn't matter.

If you really think pointing out the obvious contradictions and lies in the Propaganda is going to penetrate the Pollyanna, feel good at any cost no matter what reality suggests otherwise perception of the Public, you are mistaken, sadly.

Most of them have been Propagandized into submission and the fantasy of Recovery is what they have invested everything they have in.

It is becoming pointless to even point out the fallacy.

The only way The Public is going to learn is when it hits them hard enough to make them feel it.

And even then many of them will say it doesn't exist.

Empires die hard.

Ours will be no different.

The American people do not want, and have NO USE for The Truth, in any capacity.

The Belief and Support of the lie, any lie that makes the picture look better, is the primary focus.

I'm surprised the OP hasn't called you part of the "Republican Dystopia" Yet.

Just Another Day In The Asylum.

[girl gone mad]

10. we were dealing with strategies to trade the housing bubble..

as far back as 2003. I've grown a thick skin over the years. Very few who are profiting from this system are willing to be objective.

[TheWatcher]

11. And that is the problem. Because they are profiting from it, they are perfectly fine with looking

the other way, and justifying it, They've got theirs and fuck everybody else.

Maybe that's not the way they see it, but that's certainly what it amounts to.

What they do not understand is that they are not part of the Power Structure, not part of of The Elite.

And The House is going to get what THEY have too.

You would think they would have learned this from the last Bubble that was 03-08.

The only thinking it seems to have taught them is to be comfortable believing in even bigger lies, thinking that the Criminals that run the Casino will always step in and save their system so it can continue.

They are going to get a RUDE awakening when this one collapses.

it might be six months, it could be another six years. The last one went on even longer than ANYONE thought it could.

But it WILL Collapse.

And they will find out the wisdom of George Carlin all too late.

"It's a Big Club, and you ain't in It."

As for your thick skin, I continue to be impressed by it.

And by you.

Keep it up. You are NEEDED.

Don't let my cynicism discourage you.

Or the ignorance, willful or otherwise, of others.

[cleverusername]

8. Another view

Check out this post with chart:

http://globaleconomicanalysis.blogspot.com/2009/08/us-p...

[mother earth]

13. There is nothing to indicate anything is getting better UNTIL

there are decent jobs in this country. We have been bleeding jobs to outsourcing and importing cheaper labor for years...I'd like to see some numbers in that regard. Where are the statistics that give us the picture of where our flipping good jobs went?

The BS about jobs being the last thing to recover is just that, BS. The job market is not recovering, it has been on a downswing and continues, the jobs available are all downsized jobs, not in scope, but in money, cheap labor for the surfs. Until we take some real action to promote jobs in this country these numbers they like to point to as encouraging, truly is blowing smoke up our collective butts.

[NickB79]

14. And 422,000 people just GAVE UP on trying to find jobs in the same month

http://www.forbes.com/2009/08/07/recession-unemployment...

"DAYTON, Ohio -- On Friday, the unemployment rate shrank for the first time in over a year, down modestly to 9.4% from 9.5%.

That's the bad news. It sank only because people gave up on the job market at an even faster rate than jobs were lost. Beneath the headline number, most strikingly, 247,000 jobs were still lost in July and the 9.4% figure does not represent an improving job market at all. "