The mythical Obama Boom continues to leave economic damage in its wake. Just 80,000 jobs were created in the month of June. The unemployment rate stayed at 8.2% and the U-6 rate is up to 14.9%. This more evidence that the economy is in a stagnant state. Despite this bad news the media is still trying to spin this report as a positive to prop up their Galactic essential Pharaoh.
WASHINGTON (AP) — U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.
The unemployment rate was unchanged at 8.2 percent, the Labor Department said in its report Friday.
The economy added an average of just 75,000 jobs a month in the April-June quarter. That’s one-third of the 226,000 a month created in the first quarter. Through the first six months of the year, job creation is also trailing last year’s pace.
“It’s a disappointing report,” said George Mokrzan, director of economics at Huntington National Bank in Columbus, Ohio.
There were some good signs in the report. The average work week grew to 34.5 hours from 34.4 in May, boosting many workers’ paychecks. And average hourly pay rose 6 cents to $23.50. Hourly pay has increased 2 percent in the past year and is ahead of inflation, which has fallen in recent months along with gas prices.
Ok, I could not stop laughing at this! 2% is good wage growth? Ha ha ha ha ha ha ha aha, They really are trying to prop up Obama. The media can’t like about this fact.
About one-third of the jobs gained in June were in temporary services.
1/3 of the new jobs are temporary. This shows bushiness are not confident enough to hire permanent workers. No matter how much the media lies and spins, the economy sucks.
Its amazing that despite these bleak numbers, Obama has an average 47.6% approval rating. This shows the power of the media and entertainment industries efforts at propping up Obama and his cult like hold on people. Too many Conservatives dismiss Obama’s poll numbers, but they are doing so at their own peril. Obama is not a normal politician, he is a symbol. The mistake the Romney campaign is making is not going after Obama the god-king symbol. To defeat Obama, his godhood needs to be stripped and turned into an object of ridicule. Bad economic news alone will not unseat the Pharaoh. Obama the symbol needs to be destroyed.