More Economic GOOD NEWS: Jobless rates lowest since 2008

[boedicca]

The BLS data show that the number of Unemployed People has increased from 14,871,000 to 15,005,000, an increase in total Unemployed of 134,000.

The increase in employment is anemic at best, and does not result in a reduction in the absolute number of unemployed. It's just statistical propaganda.

The Reality is that 15M people are unemployed - 6.5M of them for more than 6 months.

Employment Situation Summary Table A. Household data, seasonally adjusted

 

[PubliusInfinitum]

... Sadaam Hussein was opposed by GOP, including McCain and Palin, and possibly on that basis. Socialists tend not to be Moslem Fundamentalists!...

Well, in truth Muslim Fundies tend to be socialists... and this without exception.

Of course ya could point us towards a flourishing Muslim Fundie capitalist state...

Love to see it...

Now that's Dubai... decidely NON-Fundamentalist Islam...

And here's an example of Fundamentalist Islam:

 

[Toro]

The BLS data show that the number of Unemployed People has increased from 14,871,000 to 15,005,000, an increase in total Unemployed of 134,000.

The increase in employment is anemic at best, and does not result in a reduction in the absolute number of unemployed. It's just statistical propaganda.

The Reality is that 15M people are unemployed - 6.5M of them for more than 6 months.

Employment Situation Summary Table A. Household data, seasonally adjusted

The number of employed rose by 264,000. The number of unemployed rose by 134,000. They both went up because more people re-entered the workforce as the civilian labor force rose 398,000.

This is typical end of recession behavior. The unemployment rate does not come down even though jobs are being created because more people enter the workforce as the economy improves.

The recovery is likely to be weak but the data today was unambiguously good news.

 

[boedicca]

The economy is not generating enough jobs to keep up with population growth and lower unemployment.

The fact that a bunch of census workers and temps have been hired is cold comfort to the 15M who are unemployed - especially the 6.5M who have been out of work for longer than 6 months.

The entire increase in the Employed figure is made up by people classified as working part time, well almost entirely. Part time workers increased by 263,000, leaving an increase of real full time jobs of 1,000.

That is hardly an overwhelming achievement.

 

[driveby]

As those rooting for the economy to fail chime in........

False Assumption.

The criticism is about the math. Bad Math. Mis-report, mis-characterize all you want. It's all about perception with You, till reality bites you in the ass.

Someone wants the economy to FAIL

Nope, it's faggots like you cheerleading tainted info to make it appear that the idiots you voted for are doing a good job. You don't even believe the shit you're spewing ........

P.S. How's the housing market that's already recovered? ......

 

[Toro]

The economy is not generating enough jobs to keep up with population growth and lower unemployment.

The fact that a bunch of census workers and temps have been hired is cold comfort to the 15M who are unemployed - especially the 6.5M who have been out of work for longer than 6 months.

The entire increase in the Employed figure is made up by people classified as working part time, well almost entirely. Part time workers increased by 263,000, leaving an increase of real full time jobs of 1,000.

That is hardly an overwhelming achievement.

The economy doesn't work that way. When we are coming out of a recession, there is an inflection point where the economy starts producing jobs and stops losing jobs.

You will see that at the bottom of the 2001-02 recession, job creation went in fits and starts. Some months it was positive, some months negative. But eventually, the economy started producing jobs again. That is what is happening here.

 

[boedicca]

Job creation should be stronger at this point. The government is retarding economic recovery via expansive government and tax increases.

Yes - job creation is a lagging indicator - but crowing about what is actually a net increase of 1,000 jobs is silly. How much did has the government spent, and with how much additional debt will taxpayers be burdened for these few jobs?

 

[Toro]

Job creation should be stronger at this point. The government is retarding economic recovery via expansive government and tax increases.

Yes - job creation is a lagging indicator - but crowing about what is actually a net increase of 1,000 jobs is silly. How much did has the government spent, and with how much additional debt will taxpayers be burdened for these few jobs?

Well, that's the issue, isn't it?

My own belief is that we are setting ourselves up for serious problems down the road, especially with 0% interest rates.

 

[Intense]

The economy is not generating enough jobs to keep up with population growth and lower unemployment.

The fact that a bunch of census workers and temps have been hired is cold comfort to the 15M who are unemployed - especially the 6.5M who have been out of work for longer than 6 months.

The entire increase in the Employed figure is made up by people classified as working part time, well almost entirely. Part time workers increased by 263,000, leaving an increase of real full time jobs of 1,000.

That is hardly an overwhelming achievement.

The economy doesn't work that way. When we are coming out of a recession, there is an inflection point where the economy starts producing jobs and stops losing jobs.

You will see that at the bottom of the 2001-02 recession, job creation went in fits and starts. Some months it was positive, some months negative. But eventually, the economy started producing jobs again. That is what is happening here.

The only thing growing is administrative costs. WTFU.

 

[boedicca]

Job creation should be stronger at this point. The government is retarding economic recovery via expansive government and tax increases.

Yes - job creation is a lagging indicator - but crowing about what is actually a net increase of 1,000 jobs is silly. How much did has the government spent, and with how much additional debt will taxpayers be burdened for these few jobs?

Well, that's the issue, isn't it?

My own belief is that we are setting ourselves up for serious problems down the road, especially with 0% interest rates.

No argument here.

The monetary policy is a disaster.

 

[boedicca]

The economy is not generating enough jobs to keep up with population growth and lower unemployment.

The fact that a bunch of census workers and temps have been hired is cold comfort to the 15M who are unemployed - especially the 6.5M who have been out of work for longer than 6 months.

The entire increase in the Employed figure is made up by people classified as working part time, well almost entirely. Part time workers increased by 263,000, leaving an increase of real full time jobs of 1,000.

That is hardly an overwhelming achievement.

The economy doesn't work that way. When we are coming out of a recession, there is an inflection point where the economy starts producing jobs and stops losing jobs.

You will see that at the bottom of the 2001-02 recession, job creation went in fits and starts. Some months it was positive, some months negative. But eventually, the economy started producing jobs again. That is what is happening here.

The only thing growing is administrative costs. WTFU.

And Entitlement Costs and Public Employee Pension Obligations.

 

[Intense]

Nice to be China right now, huh.

 

[PubliusInfinitum]

The economy is not generating enough jobs to keep up with population growth and lower unemployment.

The fact that a bunch of census workers and temps have been hired is cold comfort to the 15M who are unemployed - especially the 6.5M who have been out of work for longer than 6 months.

The entire increase in the Employed figure is made up by people classified as working part time, well almost entirely. Part time workers increased by 263,000, leaving an increase of real full time jobs of 1,000.

That is hardly an overwhelming achievement.

The economy doesn't work that way. When we are coming out of a recession, there is an inflection point where the economy starts producing jobs and stops losing jobs.

You will see that at the bottom of the 2001-02 recession, job creation went in fits and starts. Some months it was positive, some months negative. But eventually, the economy started producing jobs again. That is what is happening here.

Well now Toro is right here; which is not to say that Boedi is wrong; of course in 01, the Administration in power was pro-business, cut taxes, reduced regulations; all of which encouraged economic growth; while today the Federal Power Structure is doing precisely the opposite; raising taxes, piling on regulatory restraint, increasing market liability; and taking measures to 'fundamentally change America; and the market principles which otherwise provide for the means by which economies grow.

I mean Look; since the Left took control of the US Legislature, and begun their anti-Business push, US Unemployment has AVERGAGED 7.4%

Compare that to the pro-business Bush/Republican majority unemployment average of 5.2% the preceding 6 year period; which includes the Clinton recession and the catastrophic ramifications of 9-11.

Now compare the pro-business (American) policy which during the same period 2001-2006 produced an adjusted AVERAGE of 2.75% growth in GDP barely one point below the 1990s adjusted average.

And the adjusted average of US economic growth of 0.0%... since the Left took control of the Legislature and began their terror on the free market.

Toro wants you to believe that socialist, punishing, anti-market policies will produce at least the same results as American policy; but it's pretty clear what the predictable results for such are; and the reality of what the market results have been ... under Leftist influence.

And NONE of it provides no reason to believe otherwise. The US is, in fact, replaying the 1930s... The market is doing what free markets always do. It is adjusting to the cicumstances with which it is faced; but the Socialist policies are heaping on the dead weight of entitlement liability; so we're going to see the Market try as it is now, to recover and collapse again under the aforementioned dead weight of anti-business socialism; and we can expect that such will occur as the 4th qrtr ends and business looks back to account for the missing profits from the mend bending effort to overcome; and collapses from the reality that despite the heroic effort, we've nothing to show but more red ink.

 

[PubliusInfinitum]

The economy is not generating enough jobs to keep up with population growth and lower unemployment.

The fact that a bunch of census workers and temps have been hired is cold comfort to the 15M who are unemployed - especially the 6.5M who have been out of work for longer than 6 months.

The entire increase in the Employed figure is made up by people classified as working part time, well almost entirely. Part time workers increased by 263,000, leaving an increase of real full time jobs of 1,000.

That is hardly an overwhelming achievement.

The economy doesn't work that way. When we are coming out of a recession, there is an inflection point where the economy starts producing jobs and stops losing jobs.

You will see that at the bottom of the 2001-02 recession, job creation went in fits and starts. Some months it was positive, some months negative. But eventually, the economy started producing jobs again. That is what is happening here.

Well now Toro is right here; which is not to say that Boedi is wrong; of course in 01, the Administration in power was pro-business, cut taxes, reduced regulations; all of which encouraged economic growth; while today the Federal Power Structure is doing precisely the opposite; raising taxes, piling on regulatory restraint, increasing market liability; and taking measures to 'fundamentally change America; and the market principles which otherwise provide for the means by which economies grow.

I mean Look; since the Left took control of the US Legislature, and begun their anti-Business push, US Unemployment has AVERGAGED 7.4%

Compare that to the pro-business Bush/Republican majority unemployment average of 5.2% the preceding 6 year period; which includes the Clinton recession and the catastrophic ramifications of 9-11.

Now compare the pro-business (American) policy which during the same period 2001-2006 produced an adjusted AVERAGE of 2.75% growth in GDP barely one point below the 1990s adjusted average.

And the adjusted average of US economic growth of 0.0%... since the Left took control of the Legislature and began their terror on the free market.

Toro wants you to believe that socialist, punishing, anti-market policies will produce at least the same results as American policy; but it's pretty clear what the predictable results for such are; and the reality of what the market results have been ... under Leftist influence.

And NONE of it provides no reason to believe otherwise. The US is, in fact, replaying the 1930s... The market is doing what free markets always do. It is adjusting to the cicumstances with which it is faced; but the Socialist policies are heaping on the dead weight of entitlement liability; so we're going to see the Market try as it is now, to recover and collapse again under the aforementioned dead weight of anti-business socialism; and we can expect that such will occur as the 4th qrtr ends and business looks back to account for the missing profits from the mend bending effort to overcome; and collapses from the reality that despite the heroic effort, we've nothing to show but more red ink.

Ahhh... the last word... she is an intoxicating minx...

 

[Toro]

No one's paying attention PI.

 

[PatekPhilippe]

Obama:
“That’s why today I’m pledging to cut the deficit we inherited by half by the end of my first term in office."

 

[boedicca]

Is anyone else tired of that "inherited" b'loney?

As I recall, Obama spent an extraordinary amount of time and money campaigning to be President (to the extent that he barely participated in the Senate). Nor did Dubya adopt him.

 

[Samson]

Is anyone else tired of that "inherited" b'loney?

As I recall, Obama spent an extraordinary amount of time and money campaigning to be President (to the extent that he barely participated in the Senate). Nor did Dubya adopt him.

I'm more tired of seein' apostrophe's used to contract an' bastardise the word "B-O-L-O-G-N-A."

 

[code1211]

As those rooting for the economy to fail chime in........

False Assumption.

The criticism is about the math. Bad Math. Mis-report, mis-characterize all you want. It's all about perception with You, till reality bites you in the ass.

Someone wants the economy to FAIL

Tinkerbell economics. C'mon kids! Clap your hands and really, really believe and Tink won't die. C'mon kids! You've got to really, really believe.

This is pretty much the economic recovery plan put forth by the Big 0. Oh, yeah, that and the Health Insurance reform. And Cap and Trade. And raising taxes on anything that thinks, drinks, winks or blinks.

If the Big 0 was not a Black Democrat, he would be reviled as the one who set back the economy and the opportunities for the poor and minorities by 50 years.

 

[Neubarth]

Unemployment Rates are at the highest level since the Great Depression. I see no decrease, only an increase. The economy is going to hell in a hand basket.