Author Topic: 7.6 Percent  (Read 1047 times)

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Offline mystery-ak

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7.6 Percent
« on: June 07, 2013, 12:45:16 pm »
http://www.weeklystandard.com/blogs/76-percent_733971.html

7.6 Percent
8:31 AM, Jun 7, 2013 • By DANIEL HALPER
       

The unemployment rate ticked up, according to new numbers from the Bureau of Labor Statistics:

Quote
    Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and retail trade.

    Household Survey Data

    Both the number of unemployed persons, at 11.8 million, and the unemployment rate, at 7.6 percent, were essentially unchanged in May. (See table A-1.)

    Among the major worker groups, the unemployment rates for adult men (7.2 percent), adult women (6.5 percent), teenagers (24.5 percent), whites (6.7 percent), blacks (13.5 percent), and Hispanics (9.1 percent) showed little or no change in May. The jobless rate for Asians was 4.3 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

    In May, the number of long-term unemployed (those jobless for 27 weeks or more) was unchanged at 4.4 million. These individuals accounted for 37.3 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 1.0 million. (See table A-12.)

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Offline andy58-in-nh

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Re: 7.6 Percent
« Reply #1 on: June 07, 2013, 01:22:50 pm »
Bottom line: unemployment is up slightly, employers increased hiring modestly in May, and the economy continues to grow slowly... but not quickly enough to threaten the Federal Reserve Money Pump - and thus, stock futures are up this morning.

Because only one thing matters to Wall Street any more: The Pump.
"The most terrifying force of death, comes from the hands of Men who wanted to be left Alone. They try, so very hard, to mind their own business and provide for themselves and those they love. They resist every impulse to fight back, knowing the forced and permanent change of life that will come from it. They know, that the moment they fight back, their lives as they have lived them, are over. -Alexander Solzhenitsyn