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

obama-fail-smokeSpin 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!

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July 6, 2012 · Filed Under economy, Latest Ramblings


Comments

  • Pingback: Flashback – Obama In 2004 dismisses job creation of 310,000 new jobs created (Video) : Fire Andrea Mitchell!

  • Joetote

     ”President Obama portrayed a disappointing jobs report — just 80,000 added to the payrolls in June — as “a step in the right direction,” during a campaign stop in Ohio Friday.”

    Can’t be Comrade Obama’s fault. He says it’s a step in the right direction. Could it be he’s misleading us? No, not our fully self responsible leader!

  • Stranded in Sonoma

    Winning The Future! No, wait. That was so March. Vorwarts! Wait! That was so May. Betting on America. I think we’re back to WTF.