Economy 52,835 Posted July 19, 2014 Share Posted July 19, 2014 http://www.usatoday.com/story/money/business/2014/07/03/june-jobs-report/12111319/ The US added 288,000 jobs last month. Thats the 5th month in a row it adds over 200,000 jobs which is the most since 1999. The unemployment rate also fell from 6.3% to 6.1% The Gauge the US economy also rose 0.3% last month which is a reading that indicates future outlook of the economy by taking account things like business hiring intentions and consumer confidence etc But #1 Theres however still worries such as more jobs being created than usual being part-time probably a result of some companies trying to avoid covering Obama care... #2 Part of the reason unemployment fell this much already is because many have left the workforce. Link to post Share on other sites More sharing options...
Noel Kahn 2 Posted July 19, 2014 Share Posted July 19, 2014 Things are finally looking up. Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 19, 2014 Share Posted July 19, 2014 Wow if only my country could follow... Link to post Share on other sites More sharing options...
Didymus 34,380 Posted July 19, 2014 Share Posted July 19, 2014 #1 seems to be a problem in a lot of countries.. I wonder how that is gonna turn out. Link to post Share on other sites More sharing options...
Miky 9,587 Posted July 19, 2014 Share Posted July 19, 2014 Seasonal jobs. Too many people here with moral superiority complex. Link to post Share on other sites More sharing options...
Economy 52,835 Posted July 19, 2014 Author Share Posted July 19, 2014 #1 seems to be a problem in a lot of countries.. I wonder how that is gonna turn out. in the US its an especially big problem and some economists believe its because many companies are trying to pay Obama care coverage since workers who work less than 30 hours a week are not required to be covered. Link to post Share on other sites More sharing options...
Economy 52,835 Posted July 19, 2014 Author Share Posted July 19, 2014 Seasonal jobs. It is the 5th month in a row with over 200,000 jobs and usually the first half of the year tends to be slower with jobs... people tapped out from christmas shopping and spend less for a while, winter slows construction which usually doesnt truly pick up till about May and inventory orders usually pick up the most in the 3rd quarter of the year in preperation for holidays which is when manufacturing picks up the most (usually) so i dont think its seasonal. For instance in June most jobs were created in healthcare industry and business services. Good in the sense they arent seasonal jobs or part-times (this month was good on full-times). I was disapointed on little growth in energy and manufacturing jobs though cause they are what economists are counting on generate the wealth needed to sustain the consumption sectors of the economy Link to post Share on other sites More sharing options...
SychosSoChic 9,995 Posted July 19, 2014 Share Posted July 19, 2014 Congrats on 10000 posts Cher Been wondering where you've been, haven't seen you around for a while been missing all the news from Canada and the economy :P Life ain't Hollywood for any one of us. Link to post Share on other sites More sharing options...
Economy 52,835 Posted July 19, 2014 Author Share Posted July 19, 2014 Congrats on 10000 posts Cher Been wondering where you've been, haven't seen you around for a while been missing all the news from Canada and the economy :P omg i didnt even notice oh and i had let everyone know i was going to Portugal to visit my fam for 3 weeks. and yesterday i said i was back. Link to post Share on other sites More sharing options...
Crayon 21 Posted July 19, 2014 Share Posted July 19, 2014 Unfortunately most companies don't want to pay medical benefits and due to Obamacare an excessive number of people have lost their full time jobs. Those same companies now have tons of new part time positions available. (To avoid paying for benefits). Link to post Share on other sites More sharing options...
Economy 52,835 Posted July 19, 2014 Author Share Posted July 19, 2014 Unfortunately most companies don't want to pay medical benefits and due to Obamacare an excessive number of people have lost their full time jobs. Those same companies now have tons of new part time positions available. (To avoid paying for benefits). although in June most were actually full-time so they said... but yeah many have been part-times I always said Obama care was a bad idea and so did many economists... Yes a few people will benefit. But the vast majority of people will suffer. Many insurance premiums have already began to rise, those that havent certainly will by the time the program is fully implemented... its costing full-time jobs (which in the process disqualifies many people from getting Obamacare anyway) and many new taxes were introduced to help fund the program. Yes most new taxes are on companies not people but still, that indirectly affects everyone Obama care has way more cons than pros. Good intentions but terrible idea with too many side-effects, i hate it :roll: Link to post Share on other sites More sharing options...
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