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by
Rick Moran

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June 7, 2014 - 4:25 pm
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With the uproar over the Bergdahl swap, you may have missed Friday’s job report for May.

You didn’t miss much:

Jobs numbers released by The Bureau of Labor Statistics Friday morning were better than what economists were predicting, leading the markets to pick up steam in early trading.

Non-farm payrolls added 217,000 jobs in May, slightly above the 215,000 that economists were expecting. The unemployment rate, which is drawn from a different survey of households, remained unchanged at 6.3% and is 0.1% better than the 6.4% consensus.

The labor force participation rate also remained unchanged from the 62.8% rate reported for April, the lowest rate in decades. The BLS said Friday that the participation rate has shown no clear trend since this past October but is down by 0.6% over the year.

April’s employment numbers were revised down to 282,000 jobs added from 288,000. March payroll figures were not revised, remaining at 203,000 non-farm jobs added. Total employment gains those months were therefore 6,000 lower than the BLS — a division of the Department of Labor – previously reported. Job growth averaged 197,000 in the prior 12 months.

Ron Sanchez, executive vice president and chief investment officer at Fiduciary Trust (a Franklin Templeton company) said in a phone interview Friday that while not as robust as many economists would like to see, the results are positive because of the stability and consistency they show in the labor market.

That labor force participation rate is the lowest in 36 years and hasn’t budged in three months. Despite the net gain in jobs, it appears that the number of long-term unemployed and discouraged workers remains unchanged.

Democrats, who, let’s face it, need some cheering up these days, are taking no pleasure in the jobs report. That’s because about half the country still thinks we’re in a recession. Even though the economy continues to grow — glacially, and fitfully — huge swaths of the country are not seeing any noticeable improvement.

What does that mean for Democrat prospects in the midterms?

Top Rated Comments   
The left wiped out logging in the Pacific Northwest. They fight hard-rock mining tooth and nail. Now their guy Obama wants to eliminate the coal industry. What kind of moron believes a Democrat when he/she pretends to give a rats' ass about jobs?
12 weeks ago
12 weeks ago Link To Comment
The link that you reference shows the loss of manufacturing jobs, certainly, but it offers absolutely no set of explanations as to why those jobs have been lost. Given that it shows a loss of (approximately) 2 million manufacturing jobs since 2008, and less than 1/4 of a million (or about 12% of those lost) since the end of the Great Recession, it seems unlikely that NAFTA (which has been in place for the better part of two decades) is an explanatory variable. Much more likely is that the administration's policies (including its delusional carbon fixation, excessive regulatory expansion, and its infantile war against the non-crony investor class) has a lot more to do with the problem.

Fact of life: when the only jobs being created in any quantity are low-wage service jobs (Retail, food, and hospitality) DURING the recovery, it is hard to pretend that the recession and NAFTA are the cause of the problem.
12 weeks ago
12 weeks ago Link To Comment
On the plus side, the bread lines are now electronic ...
12 weeks ago
12 weeks ago Link To Comment
All Comments   (27)
All Comments   (27)
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Today, one in five Americans is unemployed, underemployed or just plain out of work. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street. Very often people can't get a job because of the particular resume issues. Here is good article about CV writing and editing http://resumewritinglab.com/cv-writing.html that contains some great tips you can follow to develop an effective CV, connecting what you can do with what an employer wants be done.
11 weeks ago
11 weeks ago Link To Comment
All true, but not to worry; The long, slow, American economic decline since
the Reagan years with reverse itself rapidly when the Progressives run out
of other people's money to spend. Unfortunately, the regression to the mean
old days will overshoot somewhat, to the sort of society we had in 1950 if
we are lucky, to the society (and population) circa 1900 if we are not.
12 weeks ago
12 weeks ago Link To Comment

"It’s all they’ve got and it probably won’t be enough."

Not quite. They still have the sycophants in the press firmly in their corner so the public (outside of the viewers of Fox News and the readers of a few isolated business oriented newspapers) will never hear criticism of their record on the economy and will parrot the Democratic line that it's all the fault of the master demon, "Booosh!
.
12 weeks ago
12 weeks ago Link To Comment
"Democrats, who, let’s face it, need some cheering up these days, are taking no pleasure in the jobs report."
--------------------------

Why would you think that? Every time the republicans are down the democrats are cheerfully kicking them in the ribs - with a few head-shots thrown in for good measure.

The democrats are in a long drawn out self hanging - I say throw em another rope.

You wanna throw em a cheer-up party Moran? Be my guest but don't expect me to send party favors.

12 weeks ago
12 weeks ago Link To Comment
Jobs "growth"?

We talk like a bunch of sausages. That's like wiping out a beautiful garden, watching all the flowers and shrubs die...and calling the weeds "garden growth".

We LOST employment and replaced it with survival tactics. Of course the electorate feels pain. The government/Workers Party has put lazy, incompetent slackers on the bloated "will vote for work" payroll. They learn how to cook the books, abandon veterans and infuse the EPA with anti-capitalist programs.

Everyone else is suffering.

We talk about jobs and the economy using their phony reports. We talk about climate using their phony hoaxes.

We talk about scandals using their phony coverups. There is NO "recovery" from an overthrow. There is only resistance to it when we become aware and courageous enough to call it what it is.

We as a nation are not yet at that point of awareness or courage.
12 weeks ago
12 weeks ago Link To Comment
We need to increase our abortions. That way we would not have 13 million more people since 2008. But wait, you say: the new people are hispanic illegals, and we can't abort them. Exactly.
12 weeks ago
12 weeks ago Link To Comment
The Democrats have worked for years for the decline of the American economy, and with Obama's help and his policies they have suceeded in that endeavor. With all that hard work, they should be proud of running on the destruction of our country instead of the lies they keep coming up with.
12 weeks ago
12 weeks ago Link To Comment
[That’s because about half the country still thinks we’re in a recession.]

And the other half is either lying through their teeth to mask the stench of the Obama economy for political positioning, or too ignorant to know what the word recession might mean.
12 weeks ago
12 weeks ago Link To Comment
Everything the government does (not just the "left" anymore) is calculated to erode employment- THAT is quite possibly why they are glum... it's not "despite" the "upbeat" jobs report because that report is telling them that their agenda is moving slower than desired.

Nothing-nothing and NOTHING coming out of the progressive movement reflects the slightest desire to meaningfully address the jobless situation beyond exacerbating it and it is being enabled by leftists masquerading as conservatives who are playing an elaborate game intent on gulling an electorate that is seen as easily fooled into believing that their objections to the destruction of the country and the economy are being heard when in fact they are being deliberately ignored.

Of course a few might be getting frowny faces because their approval numbers aren't stellar but they can take great comfort that their co-conspirators purposefully mislabeled as "Republicans" are low-balling their candidacies- only offering miserable hacks that the fascist media is willing to label as "electable"- ensuring that otherwise right leaning, middle American voters remain dispirited and stay away from the polls in droves.

The progressives are likely to survive the '14 midterms with the biggest threat in '16 being Hillary... someone so universally hated that Americans may well be motivated to vote for the next Romney- albeit for no other reason than to ensure she isn't inaugurated the following January.
12 weeks ago
12 weeks ago Link To Comment
Plenty good enough reason for me.
12 weeks ago
12 weeks ago Link To Comment
The left wiped out logging in the Pacific Northwest. They fight hard-rock mining tooth and nail. Now their guy Obama wants to eliminate the coal industry. What kind of moron believes a Democrat when he/she pretends to give a rats' ass about jobs?
12 weeks ago
12 weeks ago Link To Comment
The Democrats merely replaced the US employed logging economy with the foreign cartel employment economy. When foreigners invade a country, and "hold" terrirtory, traditionally the "host" country is considered conquered, subservient, servants, etc., to the conquerors, at least in the past 5,000 years of written human history.

Democrats have allowed the Mexican cartels to set up economic operations in US forests - to grow cannabis along with dumping millions of pounds of pesticides to ensure a lovely crop yeild. Those pesticides up in the mountains are now leeching into groundwater supplies in the Pacific coast states of California and Oregon - will those poisons decrease what is already a questionable IQ level in the voters?
12 weeks ago
12 weeks ago Link To Comment
The faster blue areas become uninhabitable the faster minions of the blue invade red areas.
12 weeks ago
12 weeks ago Link To Comment
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