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Payrolls in U.S. Rise More Than Forecast; Jobless Rate at 6.1%

This is a discussion on Payrolls in U.S. Rise More Than Forecast; Jobless Rate at 6.1% within the Current Events forums, part of the Tech Support Forum category. Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1


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Old 07-03-2014, 05:49 AM   #1
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Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring a brighter U.S. labor market that will help spur the economy.

The addition of 288,000 jobs followed a 224,000 gain the prior month that was bigger than previously estimated, Labor Department figures showed today in Washington. The median forecast in a Bloomberg survey of economists called for a 215,000 advance. The jobless rate is the lowest since September 2008. The number of long-term unemployed fell to 3.1 million, showing theyre having greater success finding work.
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The number of people out of work for 27 weeks or longer -- the so-called long-term unemployed -- decreased as a percentage of all jobless to 32.8 percent, the lowest since June 2009.
Quote:
The so-called participation rate, which indicates the share of the working-age people in the labor force, held at 62.8 percent.
Not much to complain about in todays report . .

Payrolls in U.S. Rise More Than Forecast; Jobless Rate at 6.1% - Bloomberg
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Old 07-03-2014, 03:48 PM   #2
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And yet my take home pay is less than before the "saviors" plan
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Old 07-03-2014, 03:52 PM   #3
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Numbers of employed may be up, but the $$$ are still down.

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Old 07-03-2014, 03:55 PM   #4
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Average hourly earnings rose by 0.2 percent for a second month, to $24.45 in June from the prior month, and increased 2 percent over the past 12 months.
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Old 07-03-2014, 07:57 PM   #5
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Kind of hard to figure since "32 states still working to recover lost jobs"

32 states still working to recover lost jobs | The Columbus Dispatch

(It is an AP story, picked up ABC, NBC)

That 64% of the States still lacking.

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Old 07-04-2014, 05:21 AM   #6
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Sorry . . you lost me . . what is hard to figure ? ? . . that 288,000 jobs were created or that Average hourly earnings rose by 0.2 percent for a second month??
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Old 07-04-2014, 04:44 PM   #7
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Down here where I am neither happened, as of July 1 we get a 1.5% pay increase, but we now have to pay 5% of our retirement and taxes went up 2% for a total of 7%, so my pay raise cost me MORE money than before, and yea people ARE hiring around here, at minimum wage or part time only
thats a real nice recovery there I'll tell ya
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Old 07-04-2014, 04:48 PM   #8
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Jeez . . I think I would consider moving . .

Not seeing the connection to the 288,000 jubs that were created
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Old 07-04-2014, 06:30 PM   #10
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Which has what to do with the 288,000 jobs created last month??

Please feel free to use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated
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Old 07-16-2014, 06:08 AM   #11
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Interesting that when BRIC set up their alternative to World Bank and IMF for financing projects, they did in in US$


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Leaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system.

The bank aimed at funding infrastructure projects in developing nations will be based in Shanghai, and India will preside over its operations for the first five years, followed by Brazil and then Russia, leaders of the five-country group announced at a summit.

They also set up a $100 billion currency reserves pool to help countries forestall short-term liquidity pressures.
BRICS set up bank to counter Western hold on global finances | Reuters
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