Takeaways From Today's Job Report

* The American economy added 162,000 jobs in July - below expectations - but unemployment rate fell to 7.4%.

* Lowest job force participation rate since Carter.

*  If labour force participation were back at the level it was in July 2012, the unemployment rate would be 7.8%.

*  If labour force participation were back at the level it was in January 2009, the unemployment rate would be 10.7%.

* Nearly 150,000 (980,000) discouraged workers last month than a year ago.

* Workers worked few hours and received lower wages last month.

* Smallest job increase since March.

* More part-time jobs.

* 41.6% of African-American teens are unemployed compared to 35% one year ago. 

*  Unemployment amongst white teens in 20%.

* 953,000 jobs have been created in 2013:  222,000 are full-time; 731,000 are part-time.

*  In September 1983, Reagan created 1.114 MILLION jobs.

*  By contrast, only 953,000 jobs have been created (77% of those part-time) in the first 7 months of 2013.

Remember when they used to scream about ‘McJobs’ when unemployment was less than 5%?

 

'Not a peep from Hot Air on last year’s upwardly revised GDP or this year’s relative growth. At a certain point aren’t conservatives going to have to accept that the increase in economic growth and the stagnation or decline of real wages proves that supply side economic theory was total bunk?'

- libfreeordie on August 1, 2013 at 12:40 PM

From Politifact, which is often cited by lefties like liveenslavedthendie:

'We think a few qualifiers are in order. For one, wages aren’t the only way workers are compensated. There’s also health benefits and other compensation. When you look at the “real compensation per hour” paid by companies to nonsupervisory employees, the cost went from 90.2 in 1981 to 95.1 in 1989. So compensation to employees, even when adjusted for inflation, grew during the Reagan era. 

We also think it’s worth noting that stagnation of average hourly earnings, adjusted for inflation, predated Reagan. Historical tables show that hourly wages climbed steadily through the 1960s and into 1970s, and then peaked in 1973. From that point on, “real” hourly wages declined for a few years and then pretty much froze until the late 1990s.'

Who knew that Nixon, Ford, and Carter were supply-siders?

Reagan’s average GDP: 3.54%

Obama’s average GDP: 1.3%

Oof.

Where’s that 5% unemployment rate Obama promised by now?

 

 

 

Then, there's this from Pew:

 

In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

Saddest part?  Even though more people live with their parents now then they have since 1968 - the height of the sexual revolution - 78% of them are satisfied with their living conditions.

Today, I was moved to bring back ‘Stupid Is As Stupid Does.’  It’s pre-reelection, but it still works:

My dear fool, I hope that you tattooed that on your forehead in the orgasmic aftermath of Obama electoral sex.  It will be a wonderful reminder to your grandchildren when they are living in cardboard boxes.

Allah knows, the sex wasn't any good for you.  Certainly, he didn't respect you in the morning.  He wasn't then and isn't now that into you.

He used you.  You were nothing more than a $5 hooker, who he took on a 'round-the-world excursion and left with a wicked case of crabs and herpes; yet, you keep making excuses for him.  Soon, you will be blaming Moses or President James Polk for inventing electric stoplights for unemployment.

I bet you are one of the 80% of college graduates, who have had to move back home with Mum & Dad, that is still waiting by the phone.   No money.  No job.  No car.  No future, but Mummy does still tuck you in at night.

So, tonight, when you are laying in your twin bed with the Buzz Lightyear sheets and the Tickle-Me Elmo doll, just keep saying:

‘I may be unemployed, but Hopenchange is awesome!

I may never be able to own my own home, but Obama is the one that we have been waiting for!

I know that I can't buy a Skinny Caramel Mocha Frappuccino Grande because I'm flat broke, but Socialism is so great!

I know that most of the Northeast got flooded, but Obama still lowered the sea levels!

Besides, Mummy makes me Pop-Tarts and gives me a Flintstones vitamin every morning.  Plus, looking forward to premature balding, a paunch, and a full box of condoms with an expiration date of 01.01.10 isn't so bad when, at 25, I am still considered a child on my parents' health insurance policy.

Eventually, if Obama is reelected, I know he will issue an Executive Order that will force my parents to continue to pay me an allowance until I am 50.  I mean, like ya know, it's only fair.  Some of the kids that I graduated with have their own homes and businesses.  It's not like I am demanding a lot and it's not fair that they have more than me.  Anyhoo, it's the lawin economically-sound countries like Italy.  Me and my chums are working on a really kewl name to call ourselves...unlike in other countries.

In Italy, people like me, ya know, twenty- and thirty-somethings, who are on an allowance, are called "bamboccioni" - "big babies!"  The utter nerve!

In Japan, grown-ups call us "parasaito shinguru."  Can you believe it?  They think we are parasitic singles.  Unbelievable.  We didn't ask to be born.  If you didn't want to take care of us in the style to which we have become accustomed, then you should have aborted us.  Take that, お爺さん!

Now, in Germany, they call people like us "Nesthockers," but what do you expect from NAZIS?  I mean, HELLOOOOOOO....

And, just who the fuck do those British snobs think they are calling their adult children KIPPERS?  After all, who calls their children fish?

Everyone should recognise that, whether they are gutted, salted or pickled, Kids In Parents’ Pockets Eroding Retirement Savings deserve basic marine rights and, if they aren't going to be respected, then these victims need to organise and appeal to the United Nations.

KIPPERS OF THE WORLD, UNITE!

All of those racist, sexist, bigoted, homophobic, Islamophobic, xenophobic, flatearther, greedy Fascists saw "Change We Can Believe In!" and they thought Obama was talking about the near-term...ya know...like the next Recovery Summer or the 8th one or something.

Well, like I said, THEY ARE STUPID!  They didn't read the fine print on the back of the signs!

'Change We Can Believe In' = 'Change We Hope We Can Believe Will Happen Before An Asteroid Hits And Destroys the Earth!'

Sheesh, 'tupid 'tard!!!

Okay, I have to go to sleep now so that I can get up early and pack my Transformers lunchbox, beg Mummy for some bus money, walk 3 miles to the bus stop, and ride for 45 minutes to my volunteer job at the local Obama 2012 reelection office.

Don't you people be fooled again.  There is only one man in the world...in fact, only one man in the history of mankind...that has cared more about you than himself and that is:

Barack Hussein Obama!

'O-BAA-MMM-AAA!  O-BAA-MMM-AAA!  O-BAA-MMM-AAA!'

Stupid, Silly Suckers.

 

http://tinyurl.com/lt4h79h