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    theNews is online now Senior Member
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    Payrolls in U.S. Increased 195,000 in June, Unemployment 7.6%

    Employment increased more than forecast in June, wages picked up and the U.S. jobless rate held close to a four-year low as the world’s largest economy weathered the effect of higher taxes and federal budget cuts.

    Payrolls rose by 195,000 workers for a second straight month, the Labor Department reported today in Washington. The median forecast in a Bloomberg survey projected a 165,000 gain after a previously reported 175,000 increase in May. The jobless rate stayed at 7.6 percent, while hourly earnings in the year ended in June advanced by the most since July 2011.

    Job gains and a rebound in housing are shoring up Americans’ finances and boosting expectations that the economy will gain momentum even after the payroll tax increased and government agencies began to cut spending. Federal Reserve policy makers have said they’ll start to trim bond purchases before the end of the year as unemployment falls.

    “The job market’s as good as it was last month,” Drew Matus, deputy U.S. chief economist at UBS Securities LLC in Stamford, Connecticut, said before the report. “The labor market is going to continue to be a source of support for the U.S. economy both in terms of income and in terms of consumer willingness to spend.”

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    techmac is offline Senior Member
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    Re: Payrolls in U.S. Increased 195,000 in June, Unemployment 7.6%

    Payrolls increased and unemployment % increased too and nobody asks a question how can it be?

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    Re: Payrolls in U.S. Increased 195,000 in June, Unemployment 7.6%

    Quote Originally Posted by techmac View Post
    Payrolls increased and unemployment % increased too and nobody asks a question how can it be?
    unemployment is not increased.It is the same month before

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    techmac is offline Senior Member
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    Re: Payrolls in U.S. Increased 195,000 in June, Unemployment 7.6%

    Quote Originally Posted by tatson View Post
    unemployment is not increased.It is the same month before
    Same thing : all is done simply to embellish what we all know is going on. According to the statistics we are living in the country of milk and honey and we are all happy as zillion little monkeys

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    Re: Payrolls in U.S. Increased 195,000 in June, Unemployment 7.6%

    the real number is 15/16%

    its was mentioned again by a Hedge fund type on CNBC this morning

    the other 7.5% have just given up looking and are off the books
    possibly one of the 50 million on food stamps in the US

    "Only in America" do they think its ok to lie (at least once a month)

    so no tapering for now

    tapering starts at 5.5 or 6.5%
    or possibly never ?

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    techmac is offline Senior Member
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    Re: Payrolls in U.S. Increased 195,000 in June, Unemployment 7.6%

    Quote Originally Posted by WR1 View Post
    the real number is 15/16%

    its was mentioned again by a Hedge fund type on CNBC this morning

    the other 7.5% have just given up looking and are off the books
    possibly one of the 50 million on food stamps in the US

    "Only in America" do they think its ok to lie (at least once a month)

    so no tapering for now

    tapering starts at 5.5 or 6.5%
    or possibly never ?
    Some estimates are even more pessimistic than those 15-16%
    The fact is that we didn't see true figures for a long time and that those figures are a matter of politics now not economics any more. And in any political stuff, the truth in those numbers is what we shall never get.

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