Shock US job figures threaten recovery hopes

[billynomates]

Barack Obama has blamed political wrangling over the US debt ceiling for a jump in unemployment to 9.2%.

The US president warned that uncertainty over a deal being hammered out between Republicans and Democrats, which involves plans to raise taxes, cut government spending and stimulate the economy, is stopping businesses hiring.

His comments follow figures that show employers last month hired the fewest workers for nearly two years, crushing hopes of a turnaround in the jobs market, and adding to jitters to world stock markets. Companies added only 18,000 jobs in June, the US labour department said, compared with the 90,000-120,000 that had been forecast. It was the weakest reading since September 2010.

Speaking at the White House, Obama said that once Congress reached an agreement on the debt ceiling, businesses would have the confidence they needed to add workers to their payroll.

Austan Goolsbee, head of the president's council of economic advisers, added that the jobs report showed "the need for bipartisan action to help the private sector and the economy grow – such as measures to extend the payroll tax cut, pass the pending free trade agreements and create an infrastructure bank to help put Americans back to work".

Good job wasn't Obama's fault.

[Nynus]

Guess that wasn't a speed bump, a headwind, or a blip.

Yes, corporations are holding on to their profits. Why? Because it would be stupid for a business to invest in adding infrastructure, employees, and expansion if they are worried that their taxes are going up, their health insurance costs are going to balloon, and regulations are going to become more expensive. The money is there, but a business that want's to survive until January of 2013 is going to view that money as a survival fund until they reach a more stable environment. Namely, when Obama is sent walking.

[maverick35]

Old Mav realizes exactly the Democrats act like they spend butt they no not never do they no not never contribute their own money even in such emergencys as needing to save federal and so local government programs RIGHT and so Labor may sound liberal butt alas it is no not and so old Mav realizes Obama is a Democrat who no not spends it is all in come no no not goes out off RIGHT and so July 2011 and so three 3 more weeks in July 2011 and so old Mav hopes in August 2011 to geta a rent refund butt no not sure cuz no not sure local government gona be operating and so if the Republicans sound cheap the Democrats r even cheaper RIGHT and so they r all based up on the South the South geta the South controls the South runs the Democrat party even if Obama pretend to be North RIGHT and so the South is safe they always geta their own money RIGHT and so old Mav may only hope for a miracle before it is too late for old Mav and so the Democrats r like the British royalty they r above the law and so above paying taxes and so spending money RIGHT and so Democrats r like the British Royalty and so r all bully brutes and so who no not never do their own share RIGHT and so butt again old Mav has to apologize so sorry for suggesting the N**is Democrats and so Southerners r bad and so of course they r all goodie goodie two 2 shoes RIGHT and so butt then it is Friday July 8 2011 and so old Mav may only hope a miracle hapens before it is too late for old Mav RIGHT and so luckily they think old Mav is a harm less crazy coo coo looney wacko psycho mentaly ill 67 old sick weak poor J*wish minority person RIGHT and so luckily for old Mav they do no not think old Mav is ever gona be any thing else at best much less a super avenger geta revenge vengence justice RIGHT and so luckily there fore they do no not pay old Mav a litle visit RIGHT and so old Mav though still sufers from a condition that may go life threatening at any moment that exactly just only old Mav may geta RIGHT and so there fore old Mav lives in fear scared petrifyed horor that at any moment night day whutever and so a change in a life suport may go criticial needing emergemcy suport and so how to reach it and so as old Mav has only a nice nephew her own husband to help old Mav reach a emergency ward for life suport thus jobs the federal debt money things no not mean as much to old Mav as they do to u high powered well to do wealthy rich and so even well to do midle class RIGHT and so who have always recieved the highest government and so comunity suport and so old Mav has lived for 4 5 6 years with this condition and so hopes for a miracle and so before it is too late for old Mav RIGHT and so old Mav read where the federal mint is printing more $ 100 hundred dolars bills than any other kinds of bills because the wealthy rich geta money where as the federal government no not geta any money if it no not goes back to the wealthy rich RIGHT and so butt they do geta it all back American money is American money and so they have delusions ideas they literaly r such cheap crooks they fool them selfs in to thinking they cheat them selfs RIGHT and so butt old Mav knows and so doubts they ever would RIGHT and so old Mav is lucky to geta a senior apartment and so have a niece and so nephew and so her own husband who suport old Mav RIGHT and so any way old Mav hopes u all have a nice week end RIGHT and so again old Mav apologizes so sorry for sugesting the N**is Democrats and so Southerners r bad and so we all know they r goodie goodie two 2 shoes RIGHT and so old Mav is lucky they do no not take old Mav seriously and so old Mav needs a miracle sorry right... sorry old Mav

[maverick35]

Old Mav realizes exactly and so old Mav has to add and so no not calling the British royalty and so Labor in the U K bad and so of course like the N**is Democrats and so Southerners they r all goodie goodie two 2 shoes RIGHT and so old Mav apologizes so sorry for sugesting the British royalty and so Labor in the U K wuz bad RIGHT and so we old Mav all know they r goodie goodie two 2 shoes RIGHT and so old Mav realizes with the condition old Mav has and so that may turn in to a emergency condition requiring emergency help from a emergency ward RIGHT and so the world enjoys trying to cause that emergencty to hapen and so it scares and so keeps old Mav scared and so petrifyed that it may hapen RIGHT and so butt if old Mav may some how and so survive this condition and so escape and so recover and so the world may pay dearly for the cheating atacks against old Mav that led to this condition RIGHT and so old Mav hopes that the emergency crisis may have become more stable butt at any moment it may become a emergency condition and so luckily the world no not takes old Mav seriously and so the jobs and so social security and so benefits and so other things that the Republicans wana reduce and so old Mav realizes at least it seems the Democrats r against reducing suport needed for seniors and so butt the local government hopes to sabotage old Mavs own senior suport and so this state and so like many other states is full of people who wana reduce and so sabotage suport and so claiming there is a economic crisis and so butt the mint keeps prining more $ 100 hundred dolar bills RIGHT and so than any other form of curency and so as for the federal and so nationial debt and so again more sabotage to hope to cause old Mav to sufer from the conditions old Mav sufers from and so to stop old Mav from the miracle old Mav needs RIGHT and so butt it is Friday July 8 2011 and so old Mav hopes the condition may no not become a emergency condition and so grow and so become any worse although it is a constant danger from conditions that exactly just only may hapen to old Mav and so cuz of the cheating atacks against old Mav RIGHT and so the world beter hope old Mav no not escapes the conditions and so survives and so recovers so on RIGHT and so be able to do any revenge vengence justice things RIGHT whutever and so the world may pay dearly for it RIGHT and so the neo con Republicans may refuse to do their own share and so old Mav no not knows and so like Libya Syria the Sudan the world RIGHT and so u old Mav may no not never know when things may change and so the conditions become a emergency condition and so jobs and so the federal debt and so social security and so all the other things needing money and so they should just raise the nationial income things RIGHT whutever and so just give more money to each other RIGHT and so call it suportive services whutever and so just give the money and so the $ 100 hundred dolar bills to who needs them beter to pay off Republicans and so Democrats and so wealthy and so rich people RIGHT and so all the other bully brutes like the N**is and so the Comies and so Conserviative and so Labor RIGHT and so just print more money and so give them more money things RIGHT whutever and so however much they need double whutever percentage % will buy their own loyalty RIGHT and so that is how things should be done RIGHT and so butt no not they need to try to make it sound more complicated and so imposible to do when just give them money to buy their own loyalty if they r physicialy that strong smart RIGHT and so old Mav hopes they realize just give the money needed after all American dolars r real money no not some kind of printed in Zimbaubwe money things RIGHT whutever and so old Mav is no not sugesting Zimbaubwe money is bad RIGHT and so just that the American dolar and so America plays a more important role in a lota ways and so thus you need pay more for loyalty things RIGHT whutever and so old Mav hopes the future may be beter and so the condition may be stable and so no not do like it did before things RIGHT whutever and so those things were horible and so scared and so terifyed old Mav RIGHT and so butt unfortunately that is all they like doing to old Mav RIGHT and so old Mav may just hope and so time the calendar and so forces them to move and so make the miracle old Mav needs before it is too late for old Mav RIGHT and so again old Mav apologizes so sorry and so old Mav is no not calling N**is Democrats the British royalty and so Labor in the U K and so Southerners bad and so we old Mav all know they r goodie goodie two 2 shoes RIGHT and so old Mav is lucky they do no not take old Mav seriously and so old Mav needs a miracle sorry right... sorry old Mav