Recovery Summer! 131,000 Jobs Lost In July

Unexpectedly, natch.

U.S. employment fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anemic economic recovery.

Non-farm payrolls fell 131,000 the Labor Department said on Friday as temporary jobs to conduct the decennial census dropped by 143,000.

Private employment, considered a better gauge of labor market health, rose 71,000 after increasing 31,000 in June. In addition, the government revised payrolls for May and June to show 97,000 fewer jobs than previously reported.

Analysts polled by Reuters had forecast overall employment falling 65,000 and private-sector hiring increasing 90,000.

But let’s let the eeevil Bush tax cuts expire…because that will surely help with these dismal numbers.

8 thoughts on “Recovery Summer! 131,000 Jobs Lost In July

  1. I tell you I think that the Obamao Admin. is operating on the assumption that if we are all out of work and poor – then nobody is out of work and poor since we would all be in the same boat!

  2. Happy Hiroshima day.

    Guess who is sending the first US delegation to Japan for the annversary ceramony for the first time.
    My father graduated high school in 1946. Had we not nuked the Japs there is a good chance I would not be here nor an even greater number of the Japanese ceramony participants . An invasion of mainland Japan would have killed millions.

  3. The retail economy in New England has been in the krapper for almost two years.Those with disposable income are clinging bitterly to it in fear of the coming deluge of taxes, he11care and the uncertainty an anti capitalist leadership spawns. A pox on them all.

  4. This coming Halloween-Thanksgiving-Hannukah-Christmas – New Years season will be very interesting indeed. I predict it will be as gloomy a holiday season as never before.

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