Tuesday, July 9, 2013

Kids!!!. . .

. . . play nice!


(from http://firstread.nbcnews.com/_news/2013/07/05/19304066-white-house-hails-june-jobs-report-gop-searches-for-flaws?lite)
". . . According to the latest jobs report, the US economy added 195,000 jobs in June and the unemployment rate holds at 7.6 percent...The unemployment rate remained unchanged at 7.6 percent, though the report was highlighted by the jobs figure, which outpaced most forecasters’ estimates...the report on Friday offered a modest political boon to President Barack Obama. Despite dire warnings about the effect of the ongoing sequester – the automatic, indiscriminate cuts to federal spending that were enacted earlier this year – the economy continues to add jobs, though not at the type of robust pace that would be needed to further reduce the unemployment rate.

But Republicans seized on some indicators of persistent economic weakness in the jobs report, namely a surge in part-time workers reflected in the statistics, and an uptick in the U-6 unemployment rate from 13.8 percent in May to 14.3 percent in June. The U-6 rate is a broader measure of unemployment, which includes discouraged workers and the underemployed.

“There’s some good news in this report, but economic growth is still tepid, the unemployment rate is far too high, and the president continues to promote policies that undermine robust job creation,” said House Speaker John Boehner, R-Ohio, in a statement..."





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