I almost expect Team Obama to claim Mitt Romney outsourced all the missing jobs.
The June Non-farm Payroll number of 80,000 comes below expectations of 100,000. Private payrolls miss even worse, at 84,000 below consensus of 106,000. Unemployment rate prints at 8.2%, inline with expectations.
The Bureau of Labor Statistics said private payrolls increased 84,000, while the government lost 4,000 jobs.
Don’t forget two years ago Joe Biden was boldly claiming this failed administration would be adding 500,000 jobs a month.
How’s that working out?
Just imagine if the media was interested in reporting things fairly.
10.9%: What the unemployment rate would be iflabor force participation rate was the same as when Obama took office
— James Pethokoukis (@JimPethokoukis) July 6, 2012