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.
Valerie Jarrett gets the hand from the U.S. Chamber of Commerce.
The U.S. Chamber of Commerce on Wednesday rejected a request from top White House adviser Valerie Jarrett to speak at a jobs summit hosted by the business group, the latest escalation in an ongoing war between the two camps.
“We would have loved to have gone and participated. We weren’t invited. In fact we were told not to come,” Jarrett said, during an interview on Bloomberg Television.
Chamber officials said Jarrett requested that she be allowed to address their gathering, a several-hour long “Jobs for America Summit,” on Wednesday morning, a few hours before the event began. They said the program was too full to fit her in.
At the summit, Chamber President and CEO Thomas Donahue railed against President Obama’s economic policies.
“Our current economic direction is not working,” Donahue said.
Donahue said that Obama’s health care and financial regulation initiatives are onerous to the point that the Americans will lose freedoms unique to the country.
“Taken collectively, the regulatory activity now underway is so overwhelming and beyond anything we have ever seen, that we risk moving this country away from a government of the people to a government of regulators,” Donahue said.
No wonder these companies – large, medium and small – aren’t hiring.