Dismal jobs report,only 69K jobs last month.........

[greenberetTFS]

Another BIG problem for "O"............

http://jobs.aol.com/articles/2012/06...aolshare_email


Big Teddy

[Dusty]

There weren't even that many. Check the downward revision next Thursday.

[cbtengr]

I wish you would all give Barry the benefit of the doubt here. We all seem to forget that the country was in a lot worse shape than anyone could have imagined when he took charge. He's only getting started, he is gonna need another four years to turn this around, Rome was not built in a day.

[MR2]

Rome was not burnt in a day either, but boy howdy this crew seems to be doing a cracker job of it!

[Dusty]

Originally Posted by cbtengr

I wish you would all give Barry the benefit of the doubt here. We all seem to forget that the country was in a lot worse shape than anyone could have imagined when he took charge. He's only getting started, he is gonna need another four years to turn this around, Rome was not built in a day.

Here, I'll loan you this: ()

Originally Posted by cbtengr

I wish you would all give Barry the benefit of the doubt here. We all seem to forget that the country was in a lot worse shape than anyone could have imagined when he took charge. He's only getting started, he is gonna need another four years to turn this around, Rome was not built in a day.

Getting started with what, exactly? Ohhh...his new campaigning. Another four years to do what exactly? More of what exactly is it that we are waiting for, specifically? What was started that hasn't gained full steam yet that the POTUS implemented that we are supposed to be holding out four more years for? Anything at all specifically?

Just like in sports, it's time to put in another player, give someone else the ball and let them run with it.

[Destrier]

Originally Posted by cbtengr

I wish you would all give Barry the benefit of the doubt here. We all seem to forget that the country was in a lot worse shape than anyone could have imagined when he took charge. He's only getting started, he is gonna need another four years to turn this around, Rome was not built in a day.

Remember these?
THE OBAMA CHRONICLES:
“I promise 100% transparency in my administration.”.
“I promise NO NEW TAXES on a family making less than $250K a year.”.
“I will allow 5 days of public comment before I sign any bills.”.
“I will remove earmarks from PORK projects before I sign any bill.”.
“I will end Income Tax for seniors making less than $50K a year.”.
"I will bring ALL of our troops home within ONE year."
“I’ll put the Health Care negotiations on CSPAN so everyone can see who is at the table!”.
“I’ll have no lobbyists in my administration."
"I'll close Guantanamo."
"I'll resign if I don't cut the deficit in half by the end of four years."
"I'll unite the people of this great country."
BETTER KNOWN AS LIES.

Waiting for him to resign.

[greenberetTFS]

Originally Posted by Destrier

Remember these?
THE OBAMA CHRONICLES:
“I promise 100% transparency in my administration.”.
“I promise NO NEW TAXES on a family making less than $250K a year.”.
“I will allow 5 days of public comment before I sign any bills.”.
“I will remove earmarks from PORK projects before I sign any bill.”.
“I will end Income Tax for seniors making less than $50K a year.”.
"I will bring ALL of our troops home within ONE year."
“I’ll put the Health Care negotiations on CSPAN so everyone can see who is at the table!”.
“I’ll have no lobbyists in my administration."
"I'll close Guantanamo."
"I'll resign if I don't cut the deficit in half by the end of four years."
"I'll unite the people of this great country."
BETTER KNOWN AS LIES.

Waiting for him to resign.

I certainly would love to see something like that,but with his ego he never would.........

Big Teddy

[Paslode]

A snipit from Zerohedge on the job growth farce...which if the trend continues the latest numbers will be revised in 5-10 days....and which never include those folks who have run the course on unemployment benefits and have fallen into the abyss of non-existence.

Back in December 2010 Zero Hedge was the first to point out what is easily the most troubling characteristic within America's evaporating labor force: its gradual transition to a part-time worker society. We elaborated on this back in February when we noted that the quality assessment of US jobs indicates that this most disturbing trend is accelerating. Finally, yesterday, the BLS' latest jobs report confirmed that our concerns have been valid all along: as of May, part-time jobs just as disclosed by the Bureau of Labor Statistics hit an all time high, over 28 million! These are people who traditionally have zero job benefits, including healthcare and retirement, and which according to the BLS "work less than 35 hours per week." In other words, as little as one hour per week of "work" is enough to classify one a part-time worker. More disturbing: the increase in part-time jobs in May compared to April: 618,000, or the fifth highest on record. It gets better: when added with the 508,000 increase in part-time jobs in April, this is the largest two month increase in part time-jobs in history. Which means of course that full time jobs in May must have declined: sure enough, at a -266,000 drop in full time jobs, the quality composition of the NFP report was just abysmal and makes any reported "increase" in those employed into a sad farce.

http://www.zerohedge.com/news/americ...obs-hit-record

[Dusty]

The lamestreamers never revealed to the sheeple the impact of would-be workers who fell off the unemployment roles because they gave up.

The real criminals in all this are ABC, NBC, MSNBC, CNN, The New York Times conglomeration, WaPo and educators.

[greenberetTFS]

Originally Posted by Dusty

The lamestreamers never revealed to the sheeple the impact of would-be workers who fell off the unemployment roles because they gave up.

The real criminals in all this are ABC, NBC, MSNBC, CNN, The New York Times conglomeration, WaPo and educators.

Good point,isn't there a place that information is available,and why doesn't Fox News push it?........

Big Teddy

[Paslode]

Originally Posted by greenberetTFS

Good point,isn't there a place that information is available,and why doesn't Fox News push it?........

Big Teddy

The information is available, like the BLS info. But you need someone like NMAP to decipher what it all means and put it in layman's terms.

As for why Fox News is mum on the subject, sensational news gets ratings and they took Beck and Napolitano offline....I'd say follow the money to their advertisers and/or they forward those stories and coverage to Fox Business.

Originally Posted by Dusty

The lamestreamers never revealed to the sheeple the impact of would-be workers who fell off the unemployment roles because they gave up.

The real criminals in all this are ABC, NBC, MSNBC, CNN, The New York Times conglomeration, WaPo and educators.

Yep, and every person who fell or falls off the grid is one less person to buy your products or services, and the longer this cycle continues the greater the possibility that the fallen will vastly out number those that provide and produce.

Don't forget the politicians and lobbyist who green light these endeavors

[Paslode]

Snips on the revisions......

In the week ending June 2, the advance figure for seasonally adjusted initial claims was 377,000, a decrease of 12,000 from the previous week's revised figure of 389,000. The 4-week moving average was 377,750, an increase of 1,750 from the previous week's revised average of 376,000.

http://market-ticker.org/akcs-www?post=206978

While it is a number which nobody will care about today, especially if it is better than expected, initial claims printed at 377K on expectations of 378K, the first beat of expectations in 5 weeks. Of course, the claims number next week will be revised to over 380K. Why? Because, as now happens every single week, last week's initial claims number was revised higher from 383K to 389K. As a reminder, last week this number was expected to print at 370K. So only a 19K miss when all is said and done. But at least the mainstream media has its bullish for general consumption headline: "Initial Claims drop by 12,000" even as market participants realize this is still QE-promoting. Continuing claims printed at 3,293K, missing expectations of 3,250K, and down from an upward, of course, revised 3,259K. But the most disturbing observation is that in one week alone, a whopping 104,600 people hit the 99-week cliff, and stopped collecting extended unemployment benefits, the most since December 2011, as those on EUCs dropped by -45,808 while those on Extended benefits dropped by a astounding -58,829. As a reminder, Zero Hedge first noted that shortly 700,000 people will no longer be collecting any unemployment benefits. Here is to hoping those off the dole, are at least collecting disability in the USSA as otherwise these are tens of billions in lost purchasing power.

http://www.zerohedge.com/news/initia...tended-enefits