Jobless rate falls. And that's the bad news

[The Rabbi]

U.S. April hiring slows, jobless rate falls to 8.1 percent - Yahoo! Finance

WASHINGTON (Reuters) - Employers cut back on hiring in April and the jobless rate fell as people gave up the hunt for work, a somber note on the economy that could hurt President Barack Obama's re-election chances.

Employers added just 115,000 workers to their payrolls last month, the Labor Department said on Friday.

It was the third straight month in which hiring slowed, keeping fears alive that the U.S. economy is losing momentum. It also dampens hopes that a stretch of strong winter hiring signaled a turning point for the recovery.

"It shows sluggish growth," said John Doyle, currency strategist at Tempus Consulting in Washington.

The unemployment rate ticked a tenth of a point lower to 8.1 percent, a three-year low, as people left the workforce. The jobless rate is derived from a separate survey of households, which showed a drop in the number of jobs in April.

Under Bush teh Dems complained about a "jobless recovery". Under Obama we've got a "workerless recovery" as people drop out of the workforce. Ironically this makes UE look better.
But the story behind the story is that people are discouraged. The weakest recovery on record. The highest spending. Do we really need 4 more years of this?

 

[OldUSAFSniper]

The last FIFTEEN unemployment figures have been revised UPWARD. We're not adding enough jobs to keep up with inflation, let alone make a serious dent in the unemployment figures.

Wait for the "the economy is on the right track" threads to start popping up...

 

[SniperFire]

This is the worst recovery in modern history.

Women absorbed 92% of the Obama job losses and over half of young black men are unemployed.



Which begs the question for our resident Libtards:


How's that hopey changey thingy workin out for ya?

 

[Claudette]

Lol

 

[Katzndogz]

Democrats are going to say this is a dramatic fall, like an increase up to 10% is a modest rise.

We have no idea what the real percentages are because the democrats lie. After several months, buried on page 14 will be a revised figure that may be closer to the real numbers. By then democrats will have wrung out what ever they can wring out.

 

[SniperFire]

 

[Mr. Shaman]

Jobless rate falls. And that's the bad news

Get a grip, Skippy!!

The Dems (CONSISTENTLY) do better than Bushes....

....at RECOVERY!!!!!!

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[swizzlee]

Remembering Reagan and our hostages in Iran

Iran announced the release of our hostages the day [or day after] Reagan was sworn in as prez.

I have this vision in my head that the day after Romney is sworn in, companies large and small will exhale loudly and go on a hiring binge, dropping unemployment by a very big whop !

 

[Conservative]

This is the worst recovery in modern history.

Women absorbed 92% of the Obama job losses and over half of young black men are unemployed.



Which begs the question for our resident Libtards:


How's that hopey changey thingy workin out for ya?

recovery my left nut... according to the GDP numbers, the recession never ended.

 

[Lovebears65]

When they dont count the people who fell off the numbers due to their benefits ran out ,or the people who have a part time job but want a full time job, or the people who are under employed. And how many of these jobs are min wage jobs

 

[Clementine]

This is the worst recovery in modern history.

Women absorbed 92% of the Obama job losses and over half of young black men are unemployed.



Which begs the question for our resident Libtards:


How's that hopey changey thingy workin out for ya?

If a Republican was in office, they'd call this a war on women and minorities. Oh, wait, the left is still claiming that even though their policies are the ones hurting people. They don't get alarmed about people losing their jobs and not finding new ones for years. They'd rather focus on birth control, as if that is what improves peoples' lives.

The media will gush over this slight decrease. Of course, they were making it sound like anything around 8% unemployment is wonderful. At one point, they were saying 10% is the new normal, so anything around there is positive and they indicated we shouldn't expect more than that. I think they're just hoping that 12.5 million people will rush to big government for welfare and maybe that was the goal all along.

Obama and the Dems limit the number of loans banks can make to small businesses, so new job creation is being hampered. Why would they not want those millions of people to find work?

Now the Occupoopers are repeating a new message, which echoes some things Obama has said. There is an effort to bring down capitalism and the new talking point is that our country is too broken to fix, so we need to tear it down and start over. I am thinking Obama would like to shred the constitution and Bill of Rights and literally start over. He thinks the constitution is fundamentally flawed and that our forefathers got it wrong. His complaint, in a radio interview while he was an Illinois senator, is that the constitution does not give enough power to government.

Between his czars, executive orders, radical EPA chief and other appointees, he seems to be trying to alter the foundation of this country. Lenin even knew that government controlling health care was the cornerstone of socialism/marxism/communism. That was a major part of the plan, along with encouraging dependency on government, taking over private sector and controlling information.

Obama shows a disdain for the Supreme Court since he senses that they will not decide in his favor on Obamacare. In the matter of Obama vs We The People, he's worried that the Supremes will stick to the constitution and rule his unconstitutional heath care as unconstitutional.

He and the Dems are also poised to create new immigration laws because the court may decide in favor of states when it comes to border security and upholding laws. What will they change? No border security allowed and an unlimited number of people allowed to walk right in and head to the nearest welfare office?

Meanwhile, more and more citizens face unemployment with few, if any, prospects on the horizon. Is he hoping that these folks will throw in the towel and seek government assistance? If they get desperate enough, maybe they'll start supporting big government and living off the decreasing number of tax payers. Straight from the Cloward-Piven and Alinsky plans for dismantling capitalism and installing socialism in it's place.

Fewer jobs + more people giving up = lower unemployment rates that Dems will brag about. Nothing to celebrate here, folks, unless you dream of living on the liberal plantation.

 

[Katzndogz]

Remembering Reagan and our hostages in Iran

Iran announced the release of our hostages the day [or day after] Reagan was sworn in as prez.

I have this vision in my head that the day after Romney is sworn in, companies large and small will exhale loudly and go on a hiring binge, dropping unemployment by a very big whop !

That's pretty much what the financial sector has been saying for a long time now.

 

[Dr.Drock]

I was always wonder how many people are under-employed as well. People who used to have jobs that were good enough to afford their mortgages, cars, insurances, gas, etc and now that's no longer the case. That seems like a stat that'd be hard to quantify.

Anyone who lives in reality knows our economy is still in the dumps, I don't care what any propaganda spewing bureacrat or politician reads on a cue card in front of a camera.

 

[007]

 

[007]

 

[Conservative]

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[swizzlee]

Absolutely!

But those are the boring details too many people ignore, deliberately or thru plain ignorance.

Those little details are, IMHO, a helluva lot more relevant than silly dog stories.

 

[Mr.Nick]

U.S. April hiring slows, jobless rate falls to 8.1 percent - Yahoo! Finance

WASHINGTON (Reuters) - Employers cut back on hiring in April and the jobless rate fell as people gave up the hunt for work, a somber note on the economy that could hurt President Barack Obama's re-election chances.

Employers added just 115,000 workers to their payrolls last month, the Labor Department said on Friday.

It was the third straight month in which hiring slowed, keeping fears alive that the U.S. economy is losing momentum. It also dampens hopes that a stretch of strong winter hiring signaled a turning point for the recovery.

"It shows sluggish growth," said John Doyle, currency strategist at Tempus Consulting in Washington.

The unemployment rate ticked a tenth of a point lower to 8.1 percent, a three-year low, as people left the workforce. The jobless rate is derived from a separate survey of households, which showed a drop in the number of jobs in April.

Under Bush teh Dems complained about a "jobless recovery". Under Obama we've got a "workerless recovery" as people drop out of the workforce. Ironically this makes UE look better.
But the story behind the story is that people are discouraged. The weakest recovery on record. The highest spending. Do we really need 4 more years of this?

People are maxing out on unemployment in masses.

Once you max out your unemployment you're no longer factored into the "unemployment" formula - you end up in a singularity.

I would say the true unemployment rate is around 15-18%.

I bet if you asked a progressive lawmaker if they would extend unemployment they would say no considering the unemployment drop is due to the fact individuals are being kicked off unemployment every day and that the drop is favorable to Obama despite the reality of the matter...

 

[pinqy]

Once you max out your unemployment you're no longer factored into the "unemployment" formula - you end up in a singularity...

please cite your source for that claim.

 

[8537]

This is the worst recovery in modern history.

Women absorbed 92% of the Obama job losses and over half of young black men are unemployed.



Which begs the question for our resident Libtards:


How's that hopey changey thingy workin out for ya?

recovery my left nut... according to the GDP numbers, the recession never ended.

Wait what?! We've had 11 straight quarters of economic growth and the recession ended in the summer of 2009.