LPR

Jobs Report Show 163,000 Jobs, Unemployment Rate of 8.3%

The July 2012 BLS unemployment report shows total nonfarm payroll jobs gained were 163,000. Don't get too excited, while above expectations this is still a mediocre report. June's payrolls were revised down, from 80,000 to 64,000. May's payrolls were revised up, from 77,000 to 87,000. The below graph shows the monthly change in nonfarm payrolls employment.

 

Yet Another Abysmal Jobs Report Shows Only 80,000 Jobs for June 2012

The June 2012 BLS unemployment report is another abysmal jobs report. Total nonfarm payroll jobs gained were only 80,000. May's payrolls were revised up, from 69,000 to 77,000. April job gains were revised down, again, from 77,000 to only 68,000. The below graph shows the monthly change in nonfarm payrolls employment.

 

BLS Employment Report is Abysmal - Only 69,000 Jobs!

The May 2012 BLS unemployment report is abysmal. Total nonfarm payroll jobs gained were only 69,000. April job gains were revised down, from 115,000 to only 77,000. March payrolls were also revised down, from 154,000 to 143,000. The below graph shows the monthly change in nonfarm payrolls employment.

 

BLS payrolls 05/12

 

May shows only 82,000 private sector jobs gained while government payrolls shrank another -13,000. In addition, 9,200 of those jobs were temporary.

Seeking Alpha Author asks the obvious, why is the U.S. flooding the labor market with more immigration?

Boy this guy's got guts. There is no doubt in my mind he will be swarmed with insults for stating the obvious, but at least he begs the question.

In Eye on Unemployment: Should the U.S. Stop Immigration? Hunkar notes:

When the private sector created 100K jobs between May 1999 and May 2009, the annual issue of LPRs averaged 1 Million per year from 2000 to 2008. Both the private and public sector combined created 3.5 new jobs in the past decade.

This is simply far less than the 10 million immigrants admitted to the country. It must be noted that not all of the one million LPRs issued are working age adults. Some of them may have been here already with jobs when they became permanent residents.

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