Job growth increases for July, but so does unemployment to 8.3%

Job growth has increased to 163,000 jobs for the month of July, up from 80,000 jobs in June. This is decent news, but it will of course be hailed as a major success and Biden will probably call it the beginning of “Recovery Fall” or something. But the truth is that job growth still wasn’t enough to keep the unemployment rate from ticking back up to 8.3%. And while 163k jobs were added, employment fell by 195k. And another 150k people left the labor force.

So all in all, not so good:

MARKET WATCH — The nation’s labor market showed some signs of improvement in July as job growth came in above market expectations, U.S. government data showed on Friday.

Employment outside the farm sector grew by 163,000 workers in the month, the Labor Department said. This is the fastest pace of job growth since February. …

Still, job growth remains well below what’s needed to bring down the unemployment rate, which rose to 8.3% in July, according to a separate survey of households. This is the highest rate since February. Analysts were expecting the jobless rate to remain steady at 8.2%.

The jobless rate has stayed in a tight range around 8.2%-8.5% since last December. It has been above 8% for three years, and may stay that way as voters head to the polls in November to decide whether they want four more years of President Barack Obama or whether to elect his rival, former Massachusetts Gov. Mitt Romney. …

Unemployment rose by 45,000 to 12.8 million for July, while employment fell by 195,000 to 139.5 million. The labor force decreased by 150,000 as some discouraged workers left the labor market.

An alternate measure of employment, which includes discouraged workers and those forced to work part-time because of the weak economy, ticked up to 15% from 14.9%.

Romney responds (via Weekly Standard):

“Today’s increase in the unemployment rate is a hammer blow to struggling middle-class families. Yesterday I launched my Plan for a Stronger Middle Class that will bring more jobs and more take home pay. My plan will turn things around and bring the economy roaring back, with twelve million new jobs created by the end of my first term. President Obama doesn’t have a plan and believes that the private sector is ‘doing fine.’ Obviously, that is not the case. We’ve now gone 42 consecutive months with the unemployment rate above eight percent. Middle class Americans deserve better, and I believe America can do better.”

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  • Sober_Thinking

    This is an expected tragedy.

    Sadly, the LSM and as you so astutely mentioned Scoop, Biden will all hail this as a good thing. These liars are criminal in what they are doing to America.

    So, let’s see… 8.3% unemployment = what, 15+% REAL unemployment? And Barry wants 4 more years? Why? To finish the job of destroying our country?

  • badbadlibs

    Yahoo has a headline: BREAKING NEWS: JOB NUMBERS GROW…(words to that effect) then in the small print it gives the unemployment percentage.
    IF bo wins, he won’t win because he earned it, he will win because he has help that doesn’t cost him one red cent.

    • RestlessLegs

      Expect this to continue through election day. I’ve been checking reporting on this story, and most MSM news stories start off with the info about a “higher-than-expected increase in jobs,” and then mention the 8.3% later. In one story, they didn’t get to the 8.3% until the third paragraph. It seems like the media are even more pro-Obama than they were in 2008. If a Republican president had these kinds of unemployment numbers, the MSM headlines would be, “Jobs Picture Bad… and Getting Worse” or “Jobs Picture Could Cost President His Job.”

      • warpmine

        They didn’t have to risk as much as they do this time around. It’s as plain as the nose on your face that the regime needs and receives all the help they can muster totally throwing out any premise of impartiality.

  • Nukeman60

    I’m not surprised the numbers were higher than expected. When last month’s numbers came in lower than expected, I guessed that Obama would have the numbers fudged this time around to make them look higher this month. One factor that is never mentioned is the margin of error (+/- 100,000).

    The truth is, the most important number to look at is the work force participation rate, which keeps falling and falling. That is pretty unsettling.

    With the U6 at 15%, we have to remember what Obama himself said over 30 different times in the last 42 months – Don’t read too much into one month’s jobs numbers.

    When the dust settles, I expect the 163,000 number to be adjusted down, but be assured that the media won’t report that.

    • badbadlibs

      “but be assured that the media won’t report that.”
      I have no doubt. The modern media is the most vicious, un-American entity we’ve ever faced on our own soil.
      They don’t even try and hide their bias anymore.

    • warpmine

      Worry not, when the corrections are issued next couple of months, it will be quietly pushed to the back of the page.

  • bartman44

    Looking at the jobs data more closely, there were less job losers, quitters, and new entrants signing up for unemployment. However there was a very sizable increase in re-entrants (people who had previously given up looking and have now tried to re-enter the workforce but couldn’t find jobs). I guess that if those people had stayed on the sidelines, the unemployment rate might have fallen?

    Obama will spin everything his way though, focusing on added jobs in the private sector and ignoring the overall net reduction in the civilian work force of 155,000 for July. He always ignores net numbers, citing only the positive. Disingenuous politician.

  • ryanomaniac

    Hannity had a great segment on this last night with Eric Bolling. He explained this excellently. Maybe Scoop will put up that video cause its important to know. Great job by Eric.

  • conservativecanadian1

    Can someone explain how job growth increases while unemployment increases? If unemployment is increasing, aren’t more people out of work? How can there be job growth, then?

    What am I missing?

    • Nukeman60

      There are several things involved here. It gets complicated. Let’s use the following example:

      Say a month (or other period) starts with 1,000,000 people employed and 50,000 people out of work (4.76% unemployment). During the month, 2,000 people leave the workforce (die, or retire), but 10,000 people enter the workforce for the first time (just from population growth, or from those not presently looking), and 3,000 of those people find jobs. Along with that, 4,000 of last month’s 50,000 unemployed found work during the month.

      At the end of the month, there are 1,005,000 people employed and 53,000 people are out of a job. The unemployment rate went from 4.76% to 5.0%, even though 7,000 people found work in that month.

      So the jobs numbers would be 7,000 and the unemployed would have risen from 50,000 to 53,000.

      In other words, the number of unemployed can rise just because new people are entering the workforce but have not not found jobs.

      Just remember the unemployed numbers have been 300,000 to 350,000 per month, while the jobs numbers have averaged 140,000 each month over the last 42 months. Having people drop out of the workforce is the only reason the unemployment rate has come down to 8.3% (in fact, in reality, it’s 15%), which has been beneficial to Obama. As more people come back into the workforce, looking for work but not finding any, the unemployment rate will skyrocket.

      I hope this wasn’t too complicated. I tried to keep it as simple as possible, but the numbers can start to spin your brain. I’m going to go get an aspirin now. 🙂

  • Two words for ya…farm jobs.

    Fall is going to be really ugly.

  • warpmine

    Never trust a government(as if anyone does at this point) that starving fo good news in this respect for example this administration would be bummed if we had a nuclear exchange but put positive spin that the unemployment claims would go down in the weeks to follow as nobody can file.