FTA: "June’s job report, well above forecasts, suggests the majority of job gains may be happening in areas outside of tech." Correct, they are occurring outsi

FTA: "June’s job report, well above forecasts, suggests the majority of job gains may be happening in areas outside of tech." Correct, they are occurring outside of tech, in fact you don't need to guess, it says it right there in the report if you read it [1]: "In June, job growth occurred in leisure and hospitality, health care and social assistance, and financial activities." The largest increase last month was in "Leisure and hospitality" which added 59,000 jobs. This is basically the hotel industry gearing up for summer which is when most Americans travel for vacation. These jobs don't produce any real economic growth. The economy is not recovering. Today what the media failed to mention is that the unemployment rate actually went up 0.2% to 4.9% (although the more accurate number to look at is the U-6 which went down from 9.7% to 9.6%). Also Average Hourly Earnings m/m went down from 0.2% to 0.1%. [1]http://www.bls.gov/news.release/empsit.nr0.htm http://www.bls.gov/news.release/empsit.nr0.htm