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195,000 More Americans Were Jobless In July

From CNS News:

195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force

By Terence P. Jeffrey | August 3, 2012

(CNSNews.com) – There were 195,000 fewer people employed in the United States in July than in June, according to the Bureau of Labor Statistics, as the national unemployment rate ticked up from 8.2 percent to 8.3 percent.

Meanwhile, 150,000 people simply dropped out of the labor force during the month and did not seek to find a job.

Actually, the number is 155,000. Which means the 163,000 new jobs we are seeing trumpeted is actually just a wash.

In June, according to BLS, there had been 142,415,000 people employed in the United States. In July, that dropped to 142,220,000–a decline of 195,000…

In July, the number of people in the civilian labor force was 155,013,000–a decline of 150,000 from June.

The number of people who were unemployed–meaning they were 16 or older, not in the military, a prison or a mental institution, and had actively looked for a job in the last four weeks-jumped by 45,000 during the month, climbing from 12,749,000 in June to 12,794,000 in July.

During July, the number of people who simply left the labor force (150,000) exceeded the number of newly unemployed (45,000) by more than two to one (105,000).

Meaning, twice as many people gave up looking for work in July than were laid off.

But all of this is actually good news for Obama. Because those people are now dependent upon the government to live. And that is what Obama and the Democrats want. Especially on election days.

So Obama’s plan is working!

This article was posted by Steve on Friday, August 3rd, 2012. Comments are currently closed.

One Response to “195,000 More Americans Were Jobless In July”

  1. GetBackJack says:

    This is the Bolshevik Revolution in slow motion

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