Stimulus: 125,000 jobs lost in June, unemployment down to 9.5% as 850,000 workers give up looking for work. Obama's jobs deficit stands at 6+ million

How's hopey changy doing? Not so well. Seems we're going the wrong way.

The US lost net jobs in June for the first time in some months now. That's going to really put a damper on that Obama graph where he touts the stimulus boondoggle that has failed to create any jobs. al Reuters tried to put on the best face possible with the bad news: Payrolls fall, private hiring below forecasts

Employment fell for the first (time) this year in June as thousands of temporary census jobs ended and private hiring grew less than expected, dealing a blow to President Barack Obama who has identified job creation as a key priority.

Nonfarm payrolls dropped 125,000, the largest decline since October, as temporary census jobs fell 225,000, the Labor Department said on Friday. However the unemployment rate fell to 9.5 percent, the lowest level since July, as people left the labor force.

That's a pretty key piece of info there. The unemployment rate only takes into account those receiving benefits as they look for work. Once they age out of the system or give up looking for work, they are no longer in the official unemployment count.

Private employment, considered a better measure of labor market health, rose 83,000 in June, less than market expectations for a 112,000 gain.

It's funny that al Reuters didn't point that out last month when they touted t he jobs numbers even though 95% of them were newly hired census workers with very few private jobs created. I guess such information only works one way - to make Obama look as good as possible. In the bigger picture, Obama promised that 3.5 million NEW private-sector jobs will be created by the $1.2 trillion stimulus bill ($800 billion + interest over 10 years since the US is bankrupt) by 2010. Instead, 3 million jobs have been lost. Here is what has been happening with Biden's 3-letter word last year:

January US jobs lost: 598,000 jobs
February US jobs lost: 706,000 jobs
March US jobs lost: 742,000 jobs
April US jobs lost: 545,000 jobs
May US jobs lost: 345,000 jobs
June US jobs lost: 467,000 jobs
July US jobs lost: 247,000 jobs
August US jobs lost: 216,000 jobs
September US jobs lost: 263,000 jobs
October US jobs lost: 190,000 jobs
November US jobs lost: 11,000 jobs
December US jobs lost: 85,000 jobs
January US jobs lost: 20,000
February US jobs lost: 30,000
March US jobs lost: -162,000
April US jobs lost: -290,000
May US jobs lost: -431,000
June US jobs lost: 125,000

Total US jobs lost under Obama: 3,707,000 jobs

3.7+ million fewer jobs to lose, and that's neglecting the corrections that were made to the jobs numbers from last year that showed even bigger losses. Recall that the stimulus package was supposed to stop the unemployment rate at 8%! A crisis could become a calamity? Remember that? Here's how that looks (via Michael's Comments):

Note that the blue lines are the numbers that Obama's team came up with. So the actual unemployment rate is not only worse that what would happen with porkulus, but even worse than was predicted without it. And the jobs picture:

The stimulus bill was and is a fraud perpetrated by Obama on the American people to pay back his union hacks that got him elected.