Worst jobs report imaginable: +18,000 jobs, unemployment ticks up to 9.2%, May revised lower

[jpljr77]

Super-grim stuff, considering the expectations for the June report: http://www.bls.gov/news.release/empsit.nr0.htm">http://www.bls.gov/news.release/empsit.nr0.htm With the ADP numbers, people were expecting at least a five-figure increase in jobs in June.

May was revised to +25,000 (more than cut in half from the announcement last month)

[xchrom]

1. recommend

[Brickbat]

2. It's about jobs and it always has been. It's infuriating to think how the issue of jobs has been

shoved aside and co-opted.

[scheming daemons]

3. No..... the worst "imaginable" would have been -750,000... like it was

when Obama was sworn in.

[jpljr77]

4. In reality, not in a vacuum. It really can't get much worse right now. n/t

[FBaggins]

8. You're wrong...

...but I hope we don't prove it the hard way.

:(

[MannyGoldstein]

5. So we effectively lost 100,000 jobs

And we're about to decimate government spending, 1937-style. That can turn 18% real unemployment to 20% or more.

But the bankers are saved.

[somone]

6. But deficit reduction is Obama's Job One

:sarcasm:

[woo me with science]

10. +1 nt

[spinbaby]

7. Government spending is way down

I work for a company that sells to the government as well as to other companies that also sell to the government. I'm not talking military hardware here, but utilitarian items. Our sales suck and there are layoff rumors, which we blame on the lack of government spending. How less government spending is going to help this situation is beyond me.

[EC]

9. I wonder how many of the added unemployed

were government workers? Teachers, firemen, NASA, cops, etc.