US unemployment rate decreases from 6.3% to 6.1% in July 2014

[Matty]

the number of full time jobs plunged by half a million.

[Matty]

I think the reason why Americans are not "buying into" this economic recovery is because of the nature of the jobs being created. Most are part time with little benefits. Likewise, people simply leaving the labor market because of the lack of good jobs is artificially lowering the unemployment rate.

There is definitely an economic recovery, but it's not being felt by most Americans. I just hope the employer mandate isn't too harmful. (It will certainly cause damage, though).