Sucky Weather

Sucky president.

Job Growth Posts Large Gain in June; Unemployment Rate Holds at 7.6%

…The numbers provided a mixed bag of news: While the actual employment level grew by 160,000, the unemployment ranks increased as well, by 17,000.

Those working part-time for economic reasons also jumped, growing 32,200 for the month.

That pushed a more encompassing count of unemployment that includes discouraged and underemployed from 13.8 percent to 14.3 percent.

Moreover, the quality of jobs was weak.

The bulk of the gains—75,000—came in the hospitality industry of bartending and waiters.

The numbers damn sure tell you why we’re all drinking more and enjoying it less.

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