Bad Bad And Worse

Craptastic economic news

U.S. employers added 18,000 workers in June, less than forecast and the fewest in nine months, while the unemployment rate unexpectedly climbed, indicating a struggling labor market.

The increase in payrolls followed a 25,000 gain that was less than half the rise initially estimated, Labor Department data showed today in Washington. The median estimate in a Bloomberg News survey called for a June gain of 105,000. The unemployment rate rose to 9.2 percent, the highest level this year. Hiring by companies, which excludes government agencies, was the weakest since May 2010.

And, in the “More Great Obamanomics News filed under Math is HARD“, we get this little gem of information in the middle:

…The government revised April and May payrolls to show 44,000 fewer jobs created than previously reported. The report shattered expectations that the economy was starting to accelerate after a soft patch in the first half of the year.

I think the “soft patch” is between the administration’s collective jugears.

categories Biz, Nanny State, Politics | | datetime July 8, 2011 8:41 am

4 Responses to “Bad Bad And Worse”

  1. major dad says:
    July 8, 2011 at 8:50 am

    Unexpectedly…

  2. aelfheld says:
    July 8, 2011 at 9:04 am

    I can’t do better than this.

  3. JeffS says:
    July 8, 2011 at 10:51 am

    Add in how David Plouffe is trying to spin this, and the Demonrats are running scared.

    And not “unexpectedly”.

  4. Gary from Jersey says:
    July 8, 2011 at 11:55 am

    John Crudele at the NY Post has been on this for months. He knew even before BLS released those stats they’d be wrong, and he was right.

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