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U S Only Add 71,000 New Jobs Pointing To Slow Recovery

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http://www.bloomberg.com/news/2010-08-06/company-payrolls-rose-by-71-000-in-july-u-s-jobless-rate-9-5-.html

U.S. Companies
Add 71,000
Jobs; Unemployment at 9.5%
By Timothy R. Homan - Aug 6, 2010 3:27 PM GMT
Private payrolls that exclude government agencies rose by 71,000 last month, less than forecast, after a June gain of 31,000 that was smaller than previously reported, Labor Department figures in Washington showed today. Economists projected a 90,000 July increase, according to the median estimate in a Bloomberg News survey. Overall employment fell 131,000 and unemployment held at 9.5 percent.

71,000 new jobs added is not very impressive IMO and shows a very slow recovery in progress.

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http://www.bloomberg.com/news/2010-08-06/company-payrolls-rose-by-71-000-in-july-u-s-jobless-rate-9-5-.html

U.S. Companies
Add 71,000
Jobs; Unemployment at 9.5%
By Timothy R. Homan - Aug 6, 2010 3:27 PM GMT
Private payrolls that exclude government agencies rose by 71,000 last month, less than forecast, after a June gain of 31,000 that was smaller than previously reported, Labor Department figures in Washington showed today. Economists projected a 90,000 July increase, according to the median estimate in a Bloomberg News survey. Overall employment fell 131,000 and unemployment held at 9.5 percent.

71,000 new jobs added is not very impressive IMO and shows a very slow recovery in progress.

Isn't the break even with respect to population growth about 150,000 per month? State and local governments shed about 50,000 employees last month so the net gain (exluding census workers who were laid off) was only 21,000.

U6 is a better measurement of predicted tax revenues than U3. U6 unemployment is at around 16.5%. Shadowstats have their own measure which stands at about 22%

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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