The Real Jobs Picture

The most recent jobs report released by the government claims that the unemployment picture "steadied" in June with the unemployment rate remaining at 7.6%.  This was suppose to make everyone feel good about the economy and offered hope for future job growth.  But, the author of this article, citing others as well as numbers in the report which were conveniently ignored by the usual suspect government spokespersons, reporters and pundits.  Had they been more industrious in examining the data they would have arrived in a much different place.  For example, the government numbers did not tout the fact that "While it’s true that job growth was robust, it came from the growth of PART-TIME jobs, which are the only kind available. On a net basis, the economy lost 326,000 fulltime jobs."  That looks to me like an economy, at least for job seekers, that is going backwards.  Read here for more analysis.

http://finance.townhall.com/columnists/johnransom/2013/07/06/the-obamacare-jobless-rate-soars-from-138-percent-to-143-percent-n1635020/page/full   

George Burns