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“Wow. Dismal.”

- July 8, 2011

9.2%: June’s Employment Report Is A Colossal Disappointment

The New York Times’ David Leonhardt: “The Recovery Has Stalled Again. Only 18k Jobs Added In June And 25k In May. Both Far Below Population Growth. (David Leonhardt, Twitter Feed, 7/8/11)

TODAY’S REPORT IS A SHOCKING DISPLAY OF THE FAILURE OF OBAMANOMICS

The Hill’s Sam Youngman: “Wow. Dismal.” (Sam Youngman, Twitter Feed, 7/8/11)

MSNBC’s First Read: “The Numbers Are A Devastating Blow To The Markets, To The American Psyche, And To The Political Psyche In Washington.” (Chuck Todd, Mark Murray, Domenico Montanaro, and Ali Weinberg, “First Read,” MSNBC, 7/8/11)

The Wall Street Journal: “The Choppy Two-Year-Old Recovery Is Proving To Be One Of The Worst Since The 1930s.” (Luca Di Leo And Jeff Bater, “Jobs Data Dim Recovery Hopes,” The Wall Street Journal, 7/8/11)

  • WSJ: “The U.S. Economy Barely Added Jobs For The Second Month In A Row …” (Luca Di Leo And Jeff Bater, “Jobs Data Dim Recovery Hopes,” The Wall Street Journal, 7/8/11)

CNBC“The Report Shattered Expectations That The Economy Was Starting To Accelerate After A Soft Patch In The First Half Of The Year.” (“Jobs Picture Gets Even Worse As Rate Swells To 9.2%,” CNBC, 7/8/11)

OBAMA’S POLICIES CONTINUE TO SET RECORDS FOR ECONOMIC PAIN

The Unemployment Rate Increased From 9.1 Percent To 9.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/8/11)

  • The Real Unemployment Rate Increased From 15.8 Percent To 16.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/8/11)

The Economy Only Added A Disappointing 18,000 Jobs In June. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/8/11)

The Average Time It Takes To Find A Job Increased From 39.7 Percent To A Record 39.9 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/8/11)

  • 6.3 Million Americans Have Been Out Of Work For 27 Weeks Or Longer. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/8/11)

The Unemployment Rate Has Remained Above 8 Percent For A Post-WWII Record 29 Straight Months. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/8/11)


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