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195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force

195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force

By Terence P. Jeffrey
August 3, 2012

(CNSNews.com) - There were 195,000 fewer people employed in the United States in July than in June, according to the Bureau of Labor Statistics, as the national unemployment rate ticked up from 8.2 percent to 8.3 percent.

Meanwhile, 150,000 people simply dropped out of the labor force during the month and did not seek to find a job.

In June, according to BLS, there had been 142,415,000 people employed in the United States. In July, that dropped to 142,220,000--a decline of 195,000.

Read more: http://cnsnews.com/news/article/195000-fewer-americans-had-j...



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Although a very somber outlook on this.

Obama comments are rather funny for the last 30 months.
http://washingtonexaminer.com/obama-30-months-of-excusing-ba...

on and on and on. You would think he would hire a different speech writer for each month.

June 2012: “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/07/06/employment-situati...)

May 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/06/01/employment-situati...)

April 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/05/04/employment-situati...)