{"id":18527,"date":"2013-08-02T09:35:15","date_gmt":"2013-08-02T13:35:15","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=18527"},"modified":"2013-08-02T10:53:27","modified_gmt":"2013-08-02T14:53:27","slug":"labor-department-another-disturbing-federal-jobs-report-for-july","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/18527\/labor-department-another-disturbing-federal-jobs-report-for-july\/","title":{"rendered":"Labor Department: Another Disturbing Jobs Report for July"},"content":{"rendered":"

In my column<\/a> this week, I detail how U.S. economic growth has hit stalling speed.\u00a0 Today’s jobs report<\/a> from the Labor Department demonstrates that the same is true of the nation’s employment situation in the fifth year of Obama’s economic program.<\/p>\n

Only 162,000 jobs were added in July, which was significantly below analysts’ expectation of 190,000.\u00a0\u00a0 Even worse, and putting that number in context, 240,000 people dropped out of the workforce last month, while the labor participation rate fell again to 63.4%.\u00a0 That dropoff explains why the headline unemployment rate declined a bit to 7.4%, which is the number the Obama Administration and sympathetic media will highlight.\u00a0 But that number only counts people who are actually looking for a job, so those hundreds of thousands who continue to drop out make the surface unemployment rate look better than it actually is.\u00a0 Moreover, keep in mind that Obama promised at the outset of his administration in February 2009 that his economic policies and trillion-dollar spending “stimulus” would have the unemployment rate down to 5% by now<\/a>.<\/p>\n

The number of part-time workers also amounted to 174,000, showing once again that the approaching ObamaCare mandates are forcing employers to make those they do decide to hire part-time.\u00a0 All in all, yet another lackluster Obama era jobs report.<\/p>\n","protected":false},"excerpt":{"rendered":"

In my column this week, I detail how U.S. economic growth has hit stalling speed.\u00a0 Today’s jobs report from the Labor Department demonstrates that the same is true of the nation’s employment situation in the fifth year of Obama’s economic program. Only 162,000 jobs were added in July, which was significantly below analysts’ expectation of […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[27,24,179,18],"class_list":["post-18527","post","type-post","status-publish","format-standard","hentry","category-posts","tag-jobs","tag-obama","tag-stimulus","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/18527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=18527"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/18527\/revisions"}],"predecessor-version":[{"id":18533,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/18527\/revisions\/18533"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=18527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=18527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=18527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}