July 8, 2011

Wow. Dismal.
9.2%: Junes Employment Report Is A Colossal Disappointment
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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)

TODAYS REPORT IS A SHOCKING DISPLAY OF THE FAILURE OF OBAMANOMICS

The Hills Sam Youngman: Wow. Dismal. (Sam Youngman, Twitter Feed, 7/8/11) MSNBCs 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)

OBAMAS 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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