Jobless rates drop in 34 states and DC

[PLYMCO_PILGRIM]

Nationwide, employers added a net 290,000 job in April, the most in four years, the department reported earlier this month. The U.S. unemployment rate, though, rose to 9.9 percent as hundreds of thousands of job hunters — feeling more confident about their prospects — resumed or started searches.

Jobless rates drop in 34 states and DC - Economy at a Crossroads- msnbc.com

Do these numbers include all those Census jobs Skull pilot was railing about?

Would you like an article from the opposite news network of MSNBC, FOX news that states unemployment is on the rise last month?

MSNBC...as if we dont know about them from following the money trail out of GE and the whitehouse.

 

[Vast LWC]

Vast, high interest rates can make expansion and hiring difficult. The opportunity cost is too high. Also, consumers may pull back if the cost to buy on credit is high. Stagflation is a very tough environment.

High Interest Rates, yes, inflation, no.

Yes, inflation and high interest rates are related, but they are not the same thing.

Inflation on our currency also drives the cost for our products down overseas, which produces more markets for our products.

And it is a basic premise of economics that inflation and unemployment have an inverse relationship.

But none of that matters, because clearly the situation that Bush left Obama was just as bad, if not worse, than the situation in which Carter left Reagan, (which was that point of this discussion) for a whole host of reasons.

 

[Political Junky]

Reagan's recovery was worse, took almost three years, and unemployment peaked at 10.8%. Maybe you should study economics, history, and leave off the demagoguery.

Beat me to it.

The unemployment rate under Reagan didn't stop rising until it reached 10.4%, 2 1/2 years after he took office.

Let's see, Reagan inherited an unemployment rate of 7.5% and had been over 6% for a year or more. The inflation rate was in the double digits. Yes, it took time to reverse all that.
Obama inherited an unemployment rate of 7.4% but it had been much lower than that for most of Bush's terms. The inflation rate was under 2%.
Obama=/Reagan.

Yes, and unemployment went up to 10.4% in Reagan's second year. Reagan's approval rating at that point was considerably lower than Obama's is today.

 

[mascale]

So, Hickory, Dickory, Dock, the mouse came out to mock: The pace of it all, before the fall, when "Hickory, Dickory, Dock--Rand Paul would be there to mock, the Kentucky-based flock, before the clock, would end in an exit poll(?)!

See how equal the White House is with all the others in America!

A mouse in the (White) House: Mystery rodent disrupts Obama press conference | Mail Online

"Crow, James Crow: Shaken, Not Stirred!"
(Real Reagan Trajectory sent cheese to the poor, not to White House Press Corps--with no negro dialect!)

 

[Vast LWC]

Would you like an article from the opposite news network of MSNBC, FOX news that states unemployment is on the rise last month?

MSNBC...as if we dont know about them from following the money trail out of GE and the whitehouse.

The unemployment rate did in fact rise last month, due to people re-entering the workforce, thus creating more eligible workers to count among those figures.

However, the absolute number of jobs went up considerably, which means that the "real" unemployment rate (you know, the one that FoxNews likes to tout so much) went down.

 

[Vast LWC]

Yes, and unemployment went up to 10.4% in Reagan's second year. Reagan's approval rating at that point was considerably lower than Obama's is today.

Indeed, they went as low as 38%.

 

[JakeStarkey]

Let's see, Reagan inherited an unemployment rate of 7.5% and had been over 6% for a year or more. The inflation rate was in the double digits. Yes, it took time to reverse all that.
Obama inherited an unemployment rate of 7.4% but it had been much lower than that for most of Bush's terms. The inflation rate was under 2%.
Obama=/Reagan.

Which means that Obama inherited an economy that was falling much faster than Carter's recession.

And, the unemployment rate in the first full month of Obama's presidency, February, which is the only point one can seriously start to blame Obama for, was 8.2%, NOT 7.4%.

And what, praytell, did the inflation rate have to do with rising unemployment?

As far as I know, inflation and unemployment have an inverse relationship. If inflation is high, unemployment is low, and vice versa.

Has that somehow changed?

Oh look, they even have a name for it:

stag·fla·tion

NOUN: Sluggish economic growth coupled with a high rate of inflation and unemployment.

stagflation - Dictionary definition and pronunciation - Yahoo! Education

And we don't have it today because of the admin's experience and expertise.

Inflation is under 1% and job growth is climbing.

 

[saveliberty]

Vast, high interest rates can make expansion and hiring difficult. The opportunity cost is too high. Also, consumers may pull back if the cost to buy on credit is high. Stagflation is a very tough environment.

High Interest Rates, yes, inflation, no.

Yes, inflation and high interest rates are related, but they are not the same thing.

Inflation on our currency also drives the cost for our products down overseas, which produces more markets for our products.

And it is a basic premise of economics that inflation and unemployment have an inverse relationship.

But none of that matters, because clearly the situation that Bush left Obama was just as bad, if not worse, than the situation in which Carter left Reagan, (which was that point of this discussion) for a whole host of reasons.

In an inflationary period the Fed used higher interest rates to slow the economy and bring inflation under control. Seriously, this is not a strong area for you. In our current situation, interest rates will go up because the US government over spent and in order to sell Treasuries, will have to offer a more attractive rate. Then we will have high unemployment and a high interest rate. A high money supply will also be a factor which is often associated with inflation.

Under normal circumstances you are correct, but there are situations it doesn't work that way.

 

[saveliberty]

In the 1970s, many countries experienced high levels of both inflation and unemployment also known as stagflation. Theories based on the Phillips curve suggested that this could not happen, and the curve came under concerted attack from a group of economists headed by Milton Friedman—arguing that the demonstrable failure of the relationship demanded a return to non-interventionist, free market policies. The idea that there was one simple, predictable, and persistent relationship between inflation and unemployment was, at least, questioned.

Phillips curve - Wikipedia, the free encyclopedia

 

[Alpha1]

Let's see, Reagan inherited an unemployment rate of 7.5% and had been over 6% for a year or more. The inflation rate was in the double digits. Yes, it took time to reverse all that.
Obama inherited an unemployment rate of 7.4% but it had been much lower than that for most of Bush's terms. The inflation rate was under 2%.
Obama=/Reagan.

Which means that Obama inherited an economy that was falling much faster than Carter's recession.

And, the unemployment rate in the first full month of Obama's presidency, February, which is the only point one can seriously start to blame Obama for, was 8.2%, NOT 7.4%.

And what, praytell, did the inflation rate have to do with rising unemployment?

As far as I know, inflation and unemployment have an inverse relationship. If inflation is high, unemployment is low, and vice versa.

Has that somehow changed?

Obviously. Under Carter both inflation and unemployment reached high levels. Are you too young to remember "Stagflation"? If so don't worry because we'll be getting more of that with Obama.
Reagan inherited a dysfunctional economy that had been suffering since LBJ. Obama inherited one that had been doing fine since Reagan. There's the difference. Obama has managed to turn a small downturn into the worst recession since the 1930s.

I remember....newly married and a new Daddy....and a new home owner...

and it was the first and only time I truly feared for my future and the future of the country...

Interest rates at 18 or 19 %....inflation the same....


Some of these clowns ought to heed the advise of their elders.

 

[Vast LWC]

In an inflationary period the Fed used higher interest rates to slow the economy and bring inflation under control. Seriously, this is not a strong area for you. In our current situation, interest rates will go up because the US government over spent and in order to sell Treasuries, will have to offer a more attractive rate. Then we will have high unemployment and a high interest rate. A high money supply will also be a factor which is often associated with inflation.

Under normal circumstances you are correct, but there are situations it doesn't work that way.

The government has been overspending for 30 years, running up an 11 trillion dollar debt, and the interest rate has gone nowhere but down.

But now suddenly it's going to wildly increase from overspending? That seems like a thin argument.

 

[skookerasbil]

Im laughing at this thread.......................

Heres what 30 million people saw on DRUDGE last night.....................



Initial claims for unemployment benefits shot up by 25,000 to 471,000 last week, which rattled an already jittery market as economists had expected claims to drop to 440,000.


http://www.cnbc.com/id/37252159


Up as a major headline for about 8 hours!!! And as they say, reality is 95% perception s0ns!!!!



Then this today from Roubini.........................


Stocks to Tumble Another 20%, Cash the Safest Place: Roubini
Published: Thursday, 20 May 2010 | 4:25 PM ET Text Size By: Jeff Cox
CNBC.com
DiggBuzz FacebookTwitter More Share
Stocks are likely to continue their aggressive decline and shed another 20 percent in value as the world economy weakens, noted economist Nouriel Roubini told CNBC.


http://www.cnbc.com/id/37259541




Hey......but the economic news as just dandy if you talk to the k00ks!!!!

 

[The T]

Reagan's recovery was worse, took almost three years, and unemployment peaked at 10.8%. Maybe you should study economics, history, and leave off the demagoguery.

Beat me to it.

The unemployment rate under Reagan didn't stop rising until it reached 10.4%, 2 1/2 years after he took office.

Uh-huh...And what makes you think Obama's Carteresque policies are gonna stem the tide? What we are seeing is REVERSE of what happened in that time.

As a matter of fact? Obama's policies are far WORSE than Carter.

 

[The Rabbi]

Beat me to it.

The unemployment rate under Reagan didn't stop rising until it reached 10.4%, 2 1/2 years after he took office.

Let's see, Reagan inherited an unemployment rate of 7.5% and had been over 6% for a year or more. The inflation rate was in the double digits. Yes, it took time to reverse all that.
Obama inherited an unemployment rate of 7.4% but it had been much lower than that for most of Bush's terms. The inflation rate was under 2%.
Obama=/Reagan.

Yes, and unemployment went up to 10.4% in Reagan's second year. Reagan's approval rating at that point was considerably lower than Obama's is today.

Because Reagan inherited a much worse problem than Obama did and made it better. What was the unemployment rate when he ran for re-election? What was the inflation rate compared to when he took office?
Obama inherited a somewhat problemmatic economy and proceeded to make it much worse.

 

[The T]

Im laughing at this thread.......................

Heres what 30 million people saw on DRUDGE last night.....................



Initial claims for unemployment benefits shot up by 25,000 to 471,000 last week, which rattled an already jittery market as economists had expected claims to drop to 440,000.


News Headlines


Up as a major headline for about 8 hours!!! And as they say, reality is 95% perception s0ns!!!!



Then this today from Roubini.........................


Stocks to Tumble Another 20%, Cash the Safest Place: Roubini
Published: Thursday, 20 May 2010 | 4:25 PM ET Text Size By: Jeff Cox
CNBC.com
DiggBuzz FacebookTwitter More Share
Stocks are likely to continue their aggressive decline and shed another 20 percent in value as the world economy weakens, noted economist Nouriel Roubini told CNBC.


News Headlines




Hey......but the economic news as just dandy if you talk to the k00ks!!!!

LOL! Even the so-called "EXPERTS" are wrong...

And here we have so many disparaging REAGAN [Living in the PAST] and Giving their Messiah [Obama] and the Congress a PASS.

Boggles the mind.

 

[skookerasbil]

Im laughing at this thread.......................

Heres what 30 million people saw on DRUDGE last night.....................



Initial claims for unemployment benefits shot up by 25,000 to 471,000 last week, which rattled an already jittery market as economists had expected claims to drop to 440,000.


News Headlines


Up as a major headline for about 8 hours!!! And as they say, reality is 95% perception s0ns!!!!



Then this today from Roubini.........................


Stocks to Tumble Another 20%, Cash the Safest Place: Roubini
Published: Thursday, 20 May 2010 | 4:25 PM ET Text Size By: Jeff Cox
CNBC.com
DiggBuzz FacebookTwitter More Share
Stocks are likely to continue their aggressive decline and shed another 20 percent in value as the world economy weakens, noted economist Nouriel Roubini told CNBC.


News Headlines




Hey......but the economic news as just dandy if you talk to the k00ks!!!!

LOL! Even the so-called "EXPERTS" are wrong...

And here we have so many disparaging REAGAN [Living in the PAST] and Giving their Messiah [Obama] and the Congress a PASS.

Boggles the mind.

T bro.....you are THE MAN.................these k00ks know they are going down in a spectacular ball of flames in a few months. The level of hysteria grows by the day if you havent noticed!!! These people fall all over themselves throwing up threads of desperation.........

To be honest, I cant blame them. I remember how I felt back in November of 2008...........its sucked the big one. But T.............even you gotta admit that you didnt think this fall of epic proportions would come in just 15 months???!!!!! And the poll numbers, dont forget, are actually even worse for Obama than advertised because you have a % of folks terrirfied to admit they think he sucks because they are afraid of being labeled racist!!! His real approval #'s are currently in the low 40's.

And T..........how awesome is it to know that in mid-terms, NOBODY comes out among those living off the government because they all think Obama has control of that!!!

T bro........waitll you see my library of gay MSPaint Photobucket classics to be rolled out on election night!!! I cant fcukking wait!!!

 

[PLYMCO_PILGRIM]

First they ignore you, then they laugh at you, then they fight you, then you win -Ghandi

 

[JakeStarkey]

That is why the moderate wing of the GOP will win, following Gandhi's assumption.

Rab lies when he write, "Because Reagan inherited a much worse problem than Obama . . ." Flat ass lie as all the stats prove. Our economy would have crashed worse than in 1929 without Bush at the end and Obama's programs beginning last year. Check the stat's, folks.

All Hail to Rabblerouser, King Fool of the USMB.

http://4.bp.blogspot.com/_vEXj8Dpwn...AAno/rR7WDpkyLcI/s1600/Talk+to+the+Hand+2.jpg

 

[Toro]

First of all, the idea that this recession is "the weakest since WWII" is factually wrong. You can see GDP growth here, and you can see recession dates here.

The NBER will announce the end of the recession after the November elections, and they will say that it ended in the summer of 2009. Here is GDP growth since then.

Q3 09 2.2%
Q4 09 5.6%
Q1 10 3.2%

Economic growth of the first three quarters after 2001 recession ended.

Q1 02 3.5%
Q2 02 2.1%
Q3 02 2.0%

So the rebound was weaker after the 2001 recession.

The 1990-91 recession lasted from July 90 to March 91. Here is economic growth after that recession.

Q2 91 2.7%
Q3 91 1.7%
Q4 91 1.6%

So this recovery have been stronger than the prior two. The idea that this is the weakest recovery since 1945 is completely false.

Contrary to what the Right would have you believe, most of the stimulus has NOT been spent on make-work jobs. Most of the stimulus has been tax cuts and extensions of social programs and transfers to the states used primarily to fund state social programs. Most of the stimulus money for infrastructure has yet to be spent.

Obama inherited the most serious economic decline since The Great Depression, and we would have gone into another Great Depression had the government not back-stopped the financial system that the Far Right now decries.

Having said that, the build-up in debt is extremely worrisome. We must start looking for an exit to this debt NOW. Adding on new social programs that add to the debt is egregiously bad policy. The government has to have plans to cut spending, dramatically reform social security and medicare and pay down debt. The end game is going to be very bad if we don't find a way to lower government spending. Liberals can't keep piling on spending. It is going to waste the currency.

 

[The T]

Im laughing at this thread.......................

Heres what 30 million people saw on DRUDGE last night.....................



Initial claims for unemployment benefits shot up by 25,000 to 471,000 last week, which rattled an already jittery market as economists had expected claims to drop to 440,000.


News Headlines


Up as a major headline for about 8 hours!!! And as they say, reality is 95% perception s0ns!!!!



Then this today from Roubini.........................


Stocks to Tumble Another 20%, Cash the Safest Place: Roubini
Published: Thursday, 20 May 2010 | 4:25 PM ET Text Size By: Jeff Cox
CNBC.com
DiggBuzz FacebookTwitter More Share
Stocks are likely to continue their aggressive decline and shed another 20 percent in value as the world economy weakens, noted economist Nouriel Roubini told CNBC.


News Headlines




Hey......but the economic news as just dandy if you talk to the k00ks!!!!

LOL! Even the so-called "EXPERTS" are wrong...

And here we have so many disparaging REAGAN [Living in the PAST] and Giving their Messiah [Obama] and the Congress a PASS.

Boggles the mind.

T bro.....you are THE MAN.................these k00ks know they are going down in a spectacular ball of flames in a few months. The level of hysteria grows by the day if you havent noticed!!! These people fall all over themselves throwing up threads of desperation.........

To be honest, I cant blame them. I remember how I felt back in November of 2008...........its sucked the big one. But T.............even you gotta admit that you didnt think this fall of epic proportions would come in just 15 months???!!!!! And the poll numbers, dont forget, are actually even worse for Obama than advertised because you have a % of folks terrirfied to admit they think he sucks because they are afraid of being labeled racist!!! His real approval #'s are currently in the low 40's.

And T..........how awesome is it to know that in mid-terms, NOBODY comes out among those living off the government because they all think Obama has control of that!!!

T bro........waitll you see my library of gay MSPaint Photobucket classics to be rolled out on election night!!! I cant fcukking wait!!!

Brother? What you say is true in my 30+ years of watching this shit go down. Damned shame we had to come this far to prove any of what we have said or belived. It's gelling...conviening on the head of a pin. And as Molecular Dynamics would dictate? It's about to Explode...(Or implode) depending upon one's leanings/Perspective.

A very taught History lesson is about to be commenced. [So kids? Get your seats early, and DOWN IN FRONT!]

The Indicators are all around us. We're about ready to see a Alinsky-Trained Marxist Nut Job we have as POTUS grab a real History Lesson...[Much to his saddened chagrin...and it serves him right for his divisive ways]. He's about to find that He isn't *DICTATOR*.

And I relish the Coming musings that *YOU* have in store. It's fun watching this on one hand and a damned shame on the other to semi-gloat...and say *I Told Ya SO*...

You are alot of fun to watch. No one has yet to refute you. [At least successfully in my time here].

*I'll Relish the moment*. Trust me.

Kind Regards,

~T