http://nypost.com/2015/07/02/jobs-report-shows-more-people-giving-up-the-search/
Per the report, the government doesn't count those who give up and remain unemployed due to their loss of hope: "The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed."
Then there is this GLOOMY report from http://www.foxnews.com/politics/2015/07/02/us-unemployment-falls-to-7-year-low-but-wages-are-flat/
"U.S. unemployment fell to a seven-year low of 5.3 percent and employers hired at a solid pace in June, but other gauges of the job market drew a bleaker picture: A wave of people stopped looking for work, and paychecks failed to budge.
The figures released Thursday capture the persistently uneven nature of the recovery from the Great Recession.
The job market "remains consistent with a two-steps-forward, one-step-back expansion the U.S. economy finds itself in," said Scott Andersen, chief economist at Bank of the West."
Now we have heard the rest of the story. The truth, no spin no rosy pictures. Maybe Bush started this, but Obama has certainly failed to END it! :smilewinkgrin:
Per the report, the government doesn't count those who give up and remain unemployed due to their loss of hope: "The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed."
Then there is this GLOOMY report from http://www.foxnews.com/politics/2015/07/02/us-unemployment-falls-to-7-year-low-but-wages-are-flat/
"U.S. unemployment fell to a seven-year low of 5.3 percent and employers hired at a solid pace in June, but other gauges of the job market drew a bleaker picture: A wave of people stopped looking for work, and paychecks failed to budge.
The figures released Thursday capture the persistently uneven nature of the recovery from the Great Recession.
The job market "remains consistent with a two-steps-forward, one-step-back expansion the U.S. economy finds itself in," said Scott Andersen, chief economist at Bank of the West."
Now we have heard the rest of the story. The truth, no spin no rosy pictures. Maybe Bush started this, but Obama has certainly failed to END it! :smilewinkgrin:
