Geoff's Unemployment Chart -- June Edition

Posted now at IB, with interesting discussion in comments.

Geoff at the Connecticut Meetup: "I color dots!"

Unemployment for June went up only 0.1%, although 467,000 jobs were lost. In May, unemployment increased .5% with 504,000 jobs lost. The difference is because people not actively searching for work are not included within the meaning of "unemployment"--including people who would like to work, but gave up.

Still, it's nice to see a bit of leveling off. We're in the core construction season now, which hopefully means more jobs available. Things could be much worse in the fall.

Posted by: Gabriel Malor at 11:50 AM

Comments

1 I think they are fudgin the discouraged workers number, personally.

Posted by: todler at July 02, 2009 11:54 AM (fPOY0)

2 The bottom line is that, according to Obama's team, we'd still be better off if we'd done nothing at all.

Posted by: grognard at July 02, 2009 11:54 AM (kZVsz)

3 Barry is now "deeply concerned" about this so everything should be A-OK in no time now.

Posted by: TheQuietMan at July 02, 2009 11:56 AM (1Jaio)

I blame the Discovery Institute.

Posted by: Charles Johnson at July 02, 2009 11:56 AM (5V/kc)

5 additionally, how does this jibe with the first time filling number of 620k? That number seems to be pretty steady, but we only less than that for th ewhole month?

Posted by: todler at July 02, 2009 11:58 AM (fPOY0)

6 Things could be much worse in the fall.

I wouldn't worry about the employment numbers in the fall. We'll all be too busy dying from the newly resurgent swine flu pandemic to care about being employed.

Posted by: shibumi at July 02, 2009 12:01 PM (OKZrE)

Gee; its turning!

I predict that it will accelerate into the 25% region if Cap and Tax is passed. If that AND the health care scam is passed there will be no meaningful numbers.

There will be no USA or government to count them.

Posted by: Vic at July 02, 2009 12:01 PM (5ynkO)

8 I've spent months looking for something in my field, in a slowly increasing radius from my home. Nearly a hundred resumes, zero hits. I've never experienced anything so humiliating. I am good at what I do and I once was able to pick the place I wanted to work.

Just this morning i decided that I do not have the luxury of looking for work in my chosen field. I just need a job, something I can hang on to while the unemployment rate keeps creeping up.

I suspect Obama might be to blame.

Posted by: PaleoMedic at July 02, 2009 12:02 PM (yiNoG)

9 Barry is now "deeply concerned" about this so everything should be A-OK in no time now.

Posted by: TheQuietMan at July 02, 2009 11:56 AM (1Jaio)

Yeah, this whole employment thing should be cleared up in no time... Wait a minute, isn't he "deeply concerned" also about Iran and Honduras. Too many "deeply concerned" moments can be a real momentum killer, IYKWIMAITYDKWIM.

Posted by: mikeyslaw at July 02, 2009 12:03 PM (QMGr1)

PaleoMedic at July 02, 2009 12:02 PM (yiNoG)

Dude, most of us are one paycheck away from where you are. You ain't alone here, brother. Keep your head up, and just take what you can until things change a little. They always do.

Posted by: mikeyslaw at July 02, 2009 12:06 PM (QMGr1)

11 Breaking New, Janet Napolitano has labeled the above graph a hate crime...all people viewing it are hereby sent to Palau.

Posted by: joeindc44 at July 02, 2009 12:07 PM (QxSug)

12 The number of people that "gave up looking for employment" comes out of the same ass as "jobs saved".

Posted by: Fr at July 02, 2009 12:07 PM (4s1it)

"Obama Drastically Scales Back Goals for America After Visiting Denny's"

http://tinyurl.com/m83b97

Posted by: logprof at July 02, 2009 12:07 PM (tjUml)

14
"Mommy, the Maroon roller-coaster scares me. There are no tracks to bring us back down..."

Posted by: t-bird at July 02, 2009 12:09 PM (FcR7P)

15 My company just had more lay offs and we are very much affected by the construction industry, so I don't see any positive in this. We got axed shortly after they announced salary cuts that they hoped would only last for the quarter. Yeah right.

At least a dailykosnut also got laid off with me and the others.

Posted by: Mark at July 02, 2009 12:09 PM (BVb+C)

But....all you Republicans and conservatives are rich f*%#ers who don't care about the poor. And, like, you're saying that maybe you're poor, or unemployed! You're voting against your interests--are you stupid?? Holy crap! My head is going to explode!!!1!!11

Posted by: Clueless lefty at July 02, 2009 12:10 PM (2B3NC)

17 >> The bottom line is that, according to Obama's team, we'd still be better off if we'd done nothing at all.

Actually I think the bottom line is what Joe Pesci says as his opening argument in My Cousin Vinny: "Everything that guy just said is bullshit" (at about 2:00). He just said what needed to be said in order to get the bill passed.

And the annoying this is, everybody knows this. Including the press. But they justify it by saying what I just said, that he said what he said to get the bill passed. So that somehow makes it understandable.

Posted by: dan-O at July 02, 2009 12:10 PM (teb/C)

18 I predict that it will accelerate into the 25% region if Cap and Tax is passed.

Wow, you're an optimist.

If that AND the health care scam is passed there will be no meaningful numbers.

There will be no USA or government to count them.

Oh, the government will survive. In fact, it will be the only entity surviving, and it will be busy printing money. As for the numbers, the press-titutes will dutifully report that everything is all rainbows and unicorns.

Posted by: shibumi at July 02, 2009 12:10 PM (OKZrE)

19 And think, this is just the beginning of the Age of Obama!

Posted by: BackwardsBoy at July 02, 2009 12:15 PM (ZGhSv)

20
Take Heart, Citizens!

The Great Obama has Decreed that the Unemployment Rate shall not exceed 100%. This is a greater-than-expected Change!

Posted by: The Voice Behind The Green Curtain at July 02, 2009 12:19 PM (FcR7P)

21 Damn.

Just imagine how bad things would be if Obama's economic stimulus wasn't working so well...

Posted by: CoolCzech at July 02, 2009 12:19 PM (teBup)

22 I don't believe the number, even with asserting the "not looking for work" business. The individual state numbers shot up. Look for major Bureau of Labor Statistics revisions of this, probably next year.

The minimum wage goes up on July 24. I don't know if it's enough to effect the numbers that come out in early August, but by September, I'm thinkin' 10.5+. I wonder how many jobs are summer and temporary and will be over by July.

Posted by: AmishDude at July 02, 2009 12:20 PM (T0NGe)

23 There are no discouraged workers in the Obama economy. That only happened under Bush when he was lying about 4.5%

Posted by: Dave in Texas at July 02, 2009 12:21 PM (eiOZw)

All right shibumi, first to use the new word in a sentence in a blog comment. Except I don't think the originator hyphenated presstitutes.

Posted by: teej at July 02, 2009 12:22 PM (lG7ds)

Draw a smooth parabola there and you get something north of 10 for a peak and a very, very long time above 9 for the tail. So--about right I would say.

Our conversion to a crappy European economy is now complete.

Posted by: Circa (Insert Year Here) at July 02, 2009 12:27 PM (B+qrE)

26 "interesting discussion in comments" = plenty of us morons in thread

Posted by: BackwardsBoy at July 02, 2009 12:28 PM (ZGhSv)

27

There are two ways to fix the unemployment rate:

1) Create jobs.
2) Doctor the numbers.

If taxing the shit out of everything is something else you happen to be doing, than #2 is really the only way to go.

Posted by: dan-O at July 02, 2009 12:29 PM (teb/C)

28 -467,000 is not "leveling off". 0 is leveling off.

Posted by: t-bird at July 02, 2009 12:29 PM (FcR7P)

29
Didn't Barry just help save a job in Honduras?

Posted by: t-bird at July 02, 2009 12:36 PM (FcR7P)

There's a comment in the linked thread that points out that if .1% of the workforce is over 400,000 then the total workforce must be about 400,000,000. That's 100,000,000 million people more than live here, near enough. Maybe we've merged with Cuba and Venezuela to get those 100,000,000 extra workers.

The numbers are cooked. There's lies, damned lies, and statistics. Sammy Clemens sez so.

Posted by: The Atom Bomb of Loving Kindness at July 02, 2009 12:37 PM (Pl6My)

31 Also, isn't there a whole bunch of people leaving college and high school about now? I have to wonder if these first time workers are counted or not. I think not. It'd be interesting to see how Obama's collegiate supporters are affected by this job market. I wonder if they're smart enough to understand they should be feeling a whole bunch of buyer's remorse at this point. I suspect they aren't. They didn't drink the Kool-Aid, they guzzled it like a frat-boy at an open kegger.

Posted by: The Atom Bomb of Loving Kindness at July 02, 2009 12:40 PM (Pl6My)

32 Barry: There's something that all of you are forgetting - It's George Bush's fault!!! wwwhhhaaaaa! I inherited this economy. wwwhhhhhaaaaa!!!! Don't blame me, I'm trying to clean up the mess I had nothing to do with. wwhhaaaaa

Posted by: TheQuietMan at July 02, 2009 12:42 PM (1Jaio)

33 O/T: yesterday someone said that 39 representatives that they found so far have investments in banks. Some say there is a lot of true monkey business going on with them and that they neglected to learn when they were in nursery school about honesty and character. They are traveling up a storm on the people's dime. For the first time we lost government jobs? How can we sistain an economy with just health care and education. Eventually people will give up the education to pay for the health care. And now, horror of horrors, Harvard's endowment is a mess? And some talking head is arguing that "this is our finest institution". OUr finest institution is the one turning out intelligent thinking people with degrees on a shoestring. It's not Harvard.

Posted by: ???? at July 02, 2009 12:45 PM (zplc6)

34 April Fools Day it aint! Leave "a bit of leveling off" to the DUMmies and the Kos Kidz.

Posted by: Gerry at July 02, 2009 12:50 PM (Jrd7O)

35 Sheriff Pepper, speaking to President Obama:
" What are you? Some kinda doomsday machine ..."

Posted by: Comrade Arthur at July 02, 2009 12:54 PM (o1Fo1)

Our finest institution is still the military. Harvard is down with Congresscritters, the media, used car salesmen, and Thai tranny whores in terms of respectability.

I'm joshing, obviously. User car salesmen and whores are FAR more respectable than Congresscritters and presstitutes. (I LOVE that last word. Thanks to whoever coined it!)

Posted by: The Atom Bomb of Loving Kindness at July 02, 2009 12:54 PM (CnrIa)

37 There is no leveling off whatsoever, get that out of your head right now kids. It's going to get a whole hell of alot worse. Mark my words.

Posted by: JCD at July 02, 2009 01:01 PM (2HLvt)

38 Speaking of jobs, the following email arrived an hour ago in my inbox:

The offices of [company name] will be closed tomorrow in accordance with the federally recognized list of national holidays.

We ask all employees to take time over the weekend and reflect upon how your freedoms, so solemnly recognized on July 4, have eroded over the period of your lifetime.

Once that 30 seconds is over, get drunk and shoot fireworks at the dog...

Management

Posted by: David Axelrod at July 02, 2009 01:11 PM (5aa4z)

39 Damn. I socked myself, then the comments went tits up.

Posted by: Herr Morgenholz at July 02, 2009 02:00 PM (5aa4z)

Oh poor Barry things are just so tough, but a few windmills ought to save the economy.

July 2 (Bloomberg) -- President Barack Obama praised innovative energy companies for creating jobs on a day of �sobering news� that employers shed 467,000 jobs in June.

�It took years for us to get into this mess, and it�s going to take us more than a few months to turn it around,� Obama said in a Rose Garden appearance after meeting with energy business leaders.

�These are folks whose companies are helping to lead the transformation towards a clean-energy future,� Obama said.

Notice how Barry never actually names or his questioned on what jobs are being created?

Posted by: TheQuietMan at July 02, 2009 02:07 PM (1Jaio)

PaleoMedic, Mark,

a) You have my utmost sympathy; and

b) Find a job you can stand to do that pays the bills and take it. Then hang onto it for dear life for the next few years while you look for something better. Right now I'm staring at Excel spreadsheets all day (and the workload is feast or famine, so half the time I'm serving as a chairwarmer), but I wouldn't quit unless I won the lottery tomorrow. It's nothing close to what I majored in and it's not my dream job, but I don't care -- after six months of unemployment with no savings and no credit, I'm just happy to have income. Hang in there, guys. You'll make it.

Posted by: Joanna at July 02, 2009 02:09 PM (gJQTg)

42 This doesn't include the cash economy.

Posted by: the guy loitering at the 7-11 at July 02, 2009 02:10 PM (PD1tk)

43 @41, Joanna,

That's exactly what prompted my decision to look outside my career area. Come Labor Day I might be happy to be working at the local Jiffy Lube or whatever I can snag.

Posted by: PaleoMedic at July 02, 2009 02:15 PM (yiNoG)

44 This should be posted to Zero Hedge please.

Posted by: Tyler at July 02, 2009 02:55 PM (zplc6)

45 Yes morons hang in. Prayers up from ours to yours. I am also praying Barry has a spiritual awakening the likes which would send all the rats running for cover.

Posted by: GW McLintock at July 02, 2009 02:59 PM (ML9g8)

46 I predict that it will accelerate into the 25% region if Cap and Tax is passed.

Wow, you're an optimist.

The bureaucrat home-invasion provisions of cap-n-trade are going to require a lot more federal workers.

Posted by: HeatherRadish at July 02, 2009 03:11 PM (NtiET)

Posted by: GW McLintock at July 02, 2009 02:59 PM (ML9g

Every time you post it reminds me of my favorite John Wayne movie. And one one dog gone fine looking lady, Maureen O'Hara. Thanks for using that handle.

Posted by: teej at July 02, 2009 03:39 PM (lG7ds)

48 Don't care what they say, don't trust that the NYSE was open an extra 15 minutes, stinks to high heaven.

Posted by: trader joe at July 02, 2009 03:40 PM (zplc6)

49 I'm already creating green jobs

You hand me your green, I spend it on jobs for political hacks

It's hard to be humble when you're me

Posted by: Barack Obama at July 02, 2009 03:42 PM (0Lv+U)

50 clipped and posted geoff's chart on my local blog site. Hope that is ok. Since I am an island in the middle of libtard central, it always riles the worshippers of the One.

fuck those pollyannas

Posted by: WeHaveMetTheEnemy-TheyAreWhoWeThoughtTheyWere at July 02, 2009 03:51 PM (Ua9hB)

51 Teej! Don't tell me it's a fine morning or I'll shoot ya.

Well, I must confess, my wife bought me a coffee cup with GW and that quote all over it. I love coffee, her and GW. Not necessarily in that order.

Blessings!

Posted by: GW McLintock at July 02, 2009 04:30 PM (ML9g8)

52 Wow, a rate of 6 million jobs lost per year.

tick tick tick

Posted by: eman at July 02, 2009 08:26 PM (fpywm)

Four years ago all the networks and the newspapers were running around telling us about those discouraged workers. The mantra was don't believe what the numbers say, it's actually much worse. Why, oh why, does not the criminal Bush junta feel the nation's pain?

Today, of course, you have to come on here and face unafraid the spectacle of the drunken AoS deranged brain trust to lead you to the conclusion that somehow things have changed. You were advised to read official numbers and revise them downward, before. Now, you're advised to take every Pollyana less-than-crushing continued downward plunge as a ray of hope that the cratering number might start to begin the initial process of thinking about leveling out a bit for a change.

Oh, ray of hope!

Pass the tequilla.

Posted by: Cowboy at July 02, 2009 08:29 PM (Gclmc)

The next chart may need to scale from 10% unemployment to 11 or 12%.

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