11.6 million new jobs!

Discussion in 'Economy' started by 5stringJeff, May 12, 2005.

  1. 5stringJeff
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    5stringJeff Senior Member

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    From polipundit.com:

    Brother, Can Ya’ Spare a Dime?

    Here’s a statistical comparison that you will not – repeat: not – see anywhere in the liberal media:

    May 10, 1997

    The prior month’s initial jobless claims = 1,312,000.
    Employed workforce = 129.464 million.
    New jobless claims as a share of the employed workforce = 1.01 percent.

    On the other hand, there’s this:

    May 7, 2005

    The prior month’s initial jobless claims = 1,296,000.
    Employed workforce = 141.099 million (as of April 2005).
    New jobless claims as a share of the employed workforce = 0.92 percent.

    Yeah, that’s right, there are 11.635 million more jobs, right now, when compared to May 1997.
     
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  2. insein
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    insein Senior Member

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    Wow you'd think the economy would be rolling then. :rolleyes: I mean gas prices go up $.20 in a week and people dont bat an eye about paying it. They must be making enough to cover it.
     
  3. no1tovote4
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    no1tovote4 VIP Member

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    :clap:
     
  4. wolverine
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    wolverine Member

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    Yeah.... but by the time you factor in population inflation..... :rolleyes:
     
  5. Adam's Apple
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    Adam's Apple Senior Member

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    If you hadn't posted this information, Jeff, I wouldn't have known about it. We keep hearing about how the economy is in a slump, but have you ever been to the malls on a weekend, or gone out to eat and had to wait almost two hours to be seated? And as Insein mentioned, they keep buying gas, regardless of the price. Maybe we'll see the effects of the "slump" in a month or so, but right now I sure don't see any evidence of it.
     
  6. 5stringJeff
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    5stringJeff Senior Member

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    The fact is that the economy is currently humming along at a better pace than in the "boom years" of the 1990's.
     
  7. SmarterThanYou
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    I read somewhere that last months numbers may be the pinnacle and it will start to drop off over the summer.
     
  8. no1tovote4
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    no1tovote4 VIP Member

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    I think I read that every three months during the 90's as well. The only way we will know is if it happens.
     
  9. archangel
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    Damn...I don't see em..where are they?...never mind they are in Mexico,Central America and China...sorry I am so blind!... :coffee3:
     
  10. MtnBiker
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    MtnBiker Senior Member

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    What a weak agrument. GOP_Jeff posts stats you claim to be blind. I guess that is what happens when a person has their head in the sand.
     

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