OSA analysis and Review of US July job report   by Dr. Warren Huang, pioneer proactive structural OSA analysis

President Barack Obama says the U.S.   July  the jobless rate   at 9.5 percent

The nation lost jobs overall, mainly due to the expected cuts of 144,000 jobs at the government's Census Bureau.  But private employers added 71,000 jobs in July.
  July was the seventh consecutive month that America's private employers added jobs. "We have now added private sector jobs every month this year .
The president also   said    the growing trend of manufacturing plants returning to the United States from overseas, instead of the other way around
    Representative Kevin Brady of Texas, say the stagnant jobless rate is an indictment of the Obama administration's economic policies. " .  Despite the promises, the economic plan of President Obama and congressional Democrats has failed to restore consumer confidence, a key element to economic recovery,"
 , Minority Leader John Boehner, SAID  persistent high unemployment as "the reality of President Obama's broken promises, out-of-control spending sprees, and failing 'stimulus' policies."
The president's top economic adviser, Christina Romer, said t more bumps in the road,  as the economy recovers.
Romer announced Thursday she will step down as head of the president's Council of Economic Advisers ,return to the University of California at Berkeley to teach economics .Mr. Obama's budget director, Peter Orszag,  resigned

US and global financial market, stocks investors    economists, government  over-optimistic about the massive  stimulus package, bailout , rate cuts, excessive liquidity impact on recession recovery.
Ignoring the burst of super housing , stock market bubbles resulted loss in  business, consumer wealth and confidence. Slow down in China credit tightening, Asian rate hikes ,Euro debt will lead to US, global slowdown and  soaring 9-  10 % jobless  well into 2012
Excessive capitals has been allocated to global stock market, banking finance bailout already created asset prices bubble, while insufficient in real economy to create more  jobs