Friday, July 6, 2012

June employment numbers from the BLS are TERRIBLE!

There were rumblings that the economy might have created upwards of 170,000 new jobs for June, as per the ADP employment report. That turned out not to be the case. They were off by a LOT!

June saw only 80,000 net new jobs created. To put that in perspective, the economy has to create upwards of 350,000 NEW jobs a month, JUST TO KEEP UP WITH POPULATION GROWTH. In other words, while those who DID have jobs are struggling to find new ones, those who are looking for the first time are REALLY having a tough time of it. And the situation only gets worse every month that goes by with sub-par job creation.

America needs a kickstart, and NOW!

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