June 2012 – yet another lousy jobs report below so called ‘experts’ expectations – Actual total is a loss of 44,000 jobs, not 80,000 gained
Spin pink slime media spin! The so called “experts” at ADP predicted a June 2012 jobs gain of 176,000 new jobs. That turned out to be just a bit off, as only 80,000 new jobs were added in June. In fact, more workers joined the federal government’s disability program than actually got jobs in June. A total of 85,000 workers went on federal disability programs last month. Also, if you take into consideration the birth-death model, which approximates the amount of jobs gained through new businesses created too recently to be counted in the formal survey, the total amount of job losses in June of 2012 was 44,000. Don’t expect the pink slime media to mention these inconvenient facts though. Yet the corrupt Obama labor department managed to fudge the numbers enough where the unemployment didn’t change from 8.2%.
Media spin should be kind of funny tonight. Thanks Obama voters!