Via Calculated Risk:

The underlying details of the employment report were mixed. The positives: a slgiht increase in hours worked and in hourly wages, and the slight decreases in part time workers (for economic reasons) and in the long term unemployed.

The negatives include the weak hiring of only 12,000 ex-Census, the declines in the participation rate and employment-population rate, and the significant downward revision to the June employment report.

Overall this was a weak report.

The graphs show a scary picture:

Note what happens in 2007.

Big spending liberal Democrats seized both chambers of congress… and unemployment started to rise.