Employment Situation Summary Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down. Professional and business services added 70,000 jobs in July and has added 550,000 jobs over the past 12 months. Within the industry, employment rose by 37,000 in professional and technical services in July, led by computer systems design and related services (+8,000) and architectural and engineering services (+7,000). Employment in management and technical consulting services continued to trend up (+6,000). In July, health care employment increased by 43,000, with gains in ambulatory health care services (+19,000), hospitals (+17,000), and nursing and residential care facilities (+7,000). Over the past 12 months, health care has added 477,000 jobs. Employment in financial activities rose by 18,000 in July and has risen by 162,000 over the year. Employment in leisure and hospitality continued to trend up in July (+45,000). Employment in food services and drinking places changed little in July (+21,000); this industry has added an average of 18,000 jobs per month thus far this year, compared with an average monthly gain of 30,000 in 2015. Government employment edged up in July (+38,000). Employment in mining continued to trend down over the month (-6,000). Since reaching a peak in September 2014, employment in this industry has fallen by 220,000, or 26 percent. Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, and information, showed little or no change over the month. The change in total nonfarm payroll employment for May was revised from +11,000 to +24,000, and the change for June was revised from +287,000 to +292,000. With these revisions, employment gains in May and June combined were 18,000 more than previously reported. Over the past 3 months, job gains have averaged 190,000 per month. ------- ------- And yet:
July New Homes Sales of 654,000 vs expectations of 580,00 NEW RESIDENTIAL SALES IN JULY 2016 Sales of new single-family houses in July 2016 were at a seasonally adjusted annual rate of 654,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.4 percent (±12.7%)* above the revised June rate of 582,000 and is 31.3 percent (±19.9%) above the July 2015 estimate of 498,000. The median sales price of new houses sold in July 2016 was $294,600; the average sales price was $355,800. The seasonally adjusted estimate of new houses for sale at the end of July was 233,000. This represents a supply of 4.3 months at the current sales rate. -------- -------- Perhaps Obama should've taken a page out of the notorious pro big government president, Ronald Reagan, and run up number of govt employees to make the overall employment numbers look better.
The number of gov't jobs created in the Reagan admin is roughly equivalent to the numerical increase of active duty military personnel. Surprise! Reagan won the cold war with his hiring. Obama is the founder of ISIS. And has been first team All-ISIS every year and MVP.
You all should read your predictions about what would happen over the next year made a little over a year ago at the beginning of the thread. Suffice it to say I hope most of you didn't put your money where your mouth was for your own sake!
Again without context this is meaningless. Do we have a population bulge called the baby boomers who are starting to retire? Are more people going to college as a percentage of the population? Both would count as "people not working", just like they're part of your "47%". Without knowing this, the chart conveys no meaningful information and certainly doesn't show what you seem to assert. There lies the danger of forming your worldview on an issue from only one chart like the title of this chart implies you should do.
He was trolling with that post, so facts and reality don't matter. In order to troll that troll, ya have to find something that paints Obama more favorably than their hero Ronald Reagan. If you can provoke a response, then you've gotten to him. That's how the game is played on this site.
I note that you didn't write the same reply to the economically illiterate post of convertasilly. Meaning you really don't understand what you're talking about, do you? Just trolling.