{"id":3291,"date":"2009-07-03T14:15:56","date_gmt":"2009-07-03T18:15:56","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=3291"},"modified":"2009-07-03T14:15:56","modified_gmt":"2009-07-03T18:15:56","slug":"june","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2009\/07\/03\/june\/","title":{"rendered":"June&#8230;"},"content":{"rendered":"<br \/>\n<blockquote>\n<div align=\"center\"><img decoding=\"async\" border=\"0\" width=\"400\" src=\"http:\/\/www.bls.gov\/images\/layout\/bls_125_banner.gif\" \/><\/div>\n<p align=\"center\"> <a target=\"_blank\" href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\"><strong>THE EMPLOYMENT SITUATION:  JUNE 2009<\/strong><\/a><\/p>\n<p align=\"justify\">Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.  Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction&#8230;<\/p>\n<p><strong>Unemployment (Household Survey Data)<\/strong><\/p>\n<p align=\"justify\"><strong><u>The number of unemployed persons (14.7 million) and the unemployment rate (9.5 percent) were little changed in June.<\/u><\/strong>  Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.2 million, and the unemployment rate has risen by 4.6 percentage <\/p>\n<p align=\"justify\">    <u><strong>In June, unemployment rates for the major worker groups&#8211;adult men (10.0 percent), adult women (7.6 percent), teenagers (24.0 percent), whites (8.7 percent), blacks (14.7 percent), and Hispanics (12.2 per-cent)&#8211;showed little change.<\/strong><\/u>  The unemployment rate for Asians was 8.2 percent, not seasonally adjusted.<\/p>\n<div align=\"justify\">    Among the unemployed, <u><strong>the number of job losers and persons who completed temporary jobs (9.6 million) was little changed in June<\/strong><\/u> after increasing by an average of 615,000 per month during the first 5 months of this year&#8230;<\/div>\n<\/blockquote>\n<div align=\"center\"><a target=\"_blank\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/07\/02\/AR2009070200354.html?hpid=topnews\"><img decoding=\"async\" height=\"272\" border=\"1\" src=\"http:\/\/media3.washingtonpost.com\/wp-dyn\/content\/graphic\/2009\/07\/03\/GR2009070300188.gif\" \/>&nbsp;&nbsp;<img decoding=\"async\" height=\"272\" border=\"1\" src=\"http:\/\/media3.washingtonpost.com\/wp-dyn\/content\/graphic\/2009\/07\/02\/GR2009070201594.jpg\" \/><\/a><\/div>\n<div align=\"justify\">I can see that my career as a self-proclaimed economist is going to be short-lived. I looked at the .1% increase in the unemployment figures and thought, &quot;hooray &#8211; it&#8217;s finally slowing down!&quot; Then I read the article in the Washington Post [<a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/07\/02\/AR2009070200354.html?hpid=topnews\" target=\"_blank\"><strong>Job Losses Dampen Hopes for Recovery<\/strong><\/a>] that sounded really gloomy. I&#8217;d suggest sticking with me, that right-hand graph is the one that matters to me [or the underlined part of the BLS blurb]&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>THE EMPLOYMENT SITUATION: JUNE 2009 Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3291","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/3291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/comments?post=3291"}],"version-history":[{"count":0,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/3291\/revisions"}],"wp:attachment":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/media?parent=3291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/categories?post=3291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/tags?post=3291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}