The economy is still in flux as we continue to be told, but in the last two months it has spiraled back down quite a bit due in part to the jobs lost to the Census Bureau as they begin to let go of temporary workers. The June job loss numbers, originally stated to be 125,000 were revised and the losses were sharply down almost an extra 100,000 to 221,000. That is one hell of a lot of difference!
Private Growth Is Tepid as U.S. Economy Sheds Jobs Overall
With the American economic recovery hanging in the balance, private employers added 71,000 jobs in July, up from a downwardly revised 31,000 in June but below the consensus forecast of 90,000. The unemployment rate stayed steady at 9.5 percent.
Over all, the nation lost 131,000 jobs last month, but those losses came as 143,000 Census Bureau workers left their temporary posts, the Labor Department said. June’s number was revised dramatically downward to a total loss of 221,000 jobs. The agency originally reported that the nation lost 125,000 jobs in June.
Figures released last week confirmed that the United States economy slowed in the spring, and the Department of Labor’s monthly statistical snapshot of hiring pointed toward a stall in hiring this summer, as employers failed to add jobs at the rate they were earlier this year.
With some economists predicting a “double dip” back into recession and the political stakes for the Obama administration rising as the weeks tick closer to the midterm elections, Friday’s unemployment report renewed pressure on lawmakers to consider the next steps they might take to bolster the economy. Recent indicators focusing on consumer confidence, retail sales and housing appear to put the economy in a holding pattern.
We are going to need to work the hell out of our local politicians as they come home on their Summer Recess. We really need to get as organized locally as we can and turn out to see our Representatives in person and implore them to get back to Washington and DO SOMETHING about adding more stimulus to the economy, this time aimed directly at job creation.
I believe that now might be the perfect time to do our homework on the creation of more Green Jobs and continue to hammer this idea home with our Rep's as we American's need to be the leaders in this up and coming opportunity to not only help the environment, but to bring back many high paying and technically experienced engineering and manufacturing jobs into the Green sector that have been lost to the automobile, textiles and many other manufacturing sectors.
We have to make them help America. Please do what you can.