1) The numbers—June is as bad as May
—80,000 jobs added in June after 69,000 in May, an average of 75,000 per month for April-June quarter
—unemployment rate remains at 8.2%
—unemployment rate for young adults (18-29 yr olds): 12.8%. Real unemployment rate for this group is 16.8%–if the 1.735 million are not counted as “unemployed” after giving up on job hunting
—unemployment rate for African-American rises to 14.4% from 13.6%
—unemployment rate for Latino remains at 11%
2) President Obama’s reactions
Just as in May, after the poor jobs report, President Obama started his blame and spin game:
—blame Congress/blame anyone but the man in the mirror
“The problem is we’ve got a stalemate in Washington. We’ve got two fundamentally different ideas about where we should take the country and this election is about how we break that stalemate.”
—spin #1: a step in the right direction (really?)
(quote is from abcnews.com, my emphasis) “We learned this morning that our businesses created 84,000 new jobs last month. And that, overall, means that businesses have created 4.4 million new jobs over the past 28 months, including 500,000 new manufacturing jobs,” he said to applause from the packed auditorium at Dobbins Elementary School. “That’s a step in the right direction.”
—say the obvious: we’ve got to put even more people back to work. How will that happen when your administration threatens higher taxes and more regulations?
(quote is from abcnews.com, my emphasis) “it’s still tough out there,” the president said, “we’ve got to grow the economy even faster. And we’ve got to put even more people back to work.”
3) Jobs matter most
President Obama may divert voters’ attentions to immigration with his amnesty grant to 800,000 illegal immigrants; his gay marriage evolution or the newly heath care tax. In the end, jobs still matter most.
Obama will have until Labor Day to convince voters that there is an economy recovery going on.
Simply Hope for a recovery will not do it.
And you can’t move Forward on a path to no where!