More Economic GOOD NEWS: Unemployment falls

[KMAN]

The stimulus worked.

You will never admit it because you are a partisn hack

Yeah, it did... If you want to work for the government....

 

[KMAN]

This is another example of what is wrong with the liberal philosophy... They celebrate that 41,000 jobs were created in the private sector as their 401k tumbles... Only liberals would celebrate this...

Bloomberg.com

 

[hortysir]

What do you mean he was not aware? He most certainly was aware and thus the failed attempt of a tax rebate early in 2008. Why did it did not work? Most people do not spend in a recession, thus why a recession. His was but a political mopve to enhance the GOP voter base. Sort of what the stimulus is all about...and I can explain it in detail if you ask. And someone like you, who is not swayed by typical talking points may actually agree with it when I lay it out.

My question was really meant to say "why does Obama continually say "a few more months" every "few more months".
If the recovery takes 8 years, is he going to say "see, I told you give it time!"

I guess we will have to wait and see at the end of his second term...

And if he only makes it through one term will his farewell speech include:

"please, my Fellow Americans. Give it more time. GIVE IT MORE TIME!"

[ame=http://www.youtube.com/watch?v=vUSr0eHWQdU]YouTube - Exile - Give Me One More Chance[/ame]

 

[hortysir]

No matter who was president right now the census would have had to hire these people.

Why do you people think it would be good to NOT do a census?

True.
But don't try to take credit for a "policy" that created jobs

 

[Toro]

Thanks to the Government getting bigger... Not sure that's good news though.

And most of them are temporary jobs.
Just like any jobs created in the public sector.
The stimulus was a failure. Only a partisan fool would not see that.

Really? Did you know that there were more tax cuts than spending on projects thus far? So are you saying that tax cuts don't work? Its odd to see someone on the right proclaiming tax cuts a failure.

As of yesterday, the biggest share of the stimulus has gone towards tax cuts, totaling $163 billion. Spending on government procurement has been $109 billion.

You can see it here.

Recovery.gov

Extensions of social programs has been $130 billion. Of course, anybody with even the slightest knowledge of economics knows that extensions of social programs aren't designed to create jobs or stimulate economic growth but rather to provide a cushion when the economy tanks and there is only 1 job for every 5 openings.

As for the nonfarm payrolls today, it was a bit of a disappointment, but this is the type of recovery we are in. This recession is unlike any recession we have had since the Depression, and there won't be robust growth for years.

 

[Zander]

Thanks to the Government getting bigger... Not sure that's good news though.

And most of them are temporary jobs.
Just like any jobs created in the public sector.
The stimulus was a failure. Only a partisan fool would not see that.

Really? Did you know that there were more tax cuts than spending on projects thus far? So are you saying that tax cuts don't work? Its odd to see someone on the right proclaiming tax cuts a failure.

As of yesterday, the biggest share of the stimulus has gone towards tax cuts, totaling $163 billion. Spending on government procurement has been $109 billion.

You can see it here.

Recovery.gov

Extensions of social programs has been $130 billion. Of course, anybody with even the slightest knowledge of economics knows that extensions of social programs aren't designed to create jobs or stimulate economic growth but rather to provide a cushion when the economy tanks and there is only 1 job for every 5 openings.

As for the nonfarm payrolls today, it was a bit of a disappointment, but this is the type of recovery we are in. This recession is unlike any recession we have had since the Depression, and there won't be robust growth for years.

A bit of a disappointment?? It knocked 3%+ off the stock market........ That is more than a "bit" disappointed. I think we are in for more bad news when the LEI index comes out on June 17th.....Best of luck!

 

[Foxfyre]

Extensions of social programs has been $130 billion. Of course, anybody with even the slightest knowledge of economics knows that extensions of social programs aren't designed to create jobs or stimulate economic growth but rather to provide a cushion when the economy tanks and there is only 1 job for every 5 openings.

As for the nonfarm payrolls today, it was a bit of a disappointment, but this is the type of recovery we are in. This recession is unlike any recession we have had since the Depression, and there won't be robust growth for years.

So isn't it nice that the stimulus package wasn't billed as 'extension of social programs' or expansion of government, but was rather sold as an urgent and immediate necessity to put Americans back to work and keep the unemployment rate from going higher.

Neither happened did it? And, like the healthcare overhaul, it was of the utmost urgency and could not wait for serious consideration or details as to how it would work. Then in implementation it is strung out over years in a way they hope won't seriously damage the re-election prospects of the advocates.

And now they want us to believe that was the plan all along?

How many recruits do you think the Tea Partiers would have gotten if we had been told up front that there was no intention to use the money in any serious way to stimulate the economy or put the private sector back to work?

 

[KMAN]

Extensions of social programs has been $130 billion. Of course, anybody with even the slightest knowledge of economics knows that extensions of social programs aren't designed to create jobs or stimulate economic growth but rather to provide a cushion when the economy tanks and there is only 1 job for every 5 openings.

As for the nonfarm payrolls today, it was a bit of a disappointment, but this is the type of recovery we are in. This recession is unlike any recession we have had since the Depression, and there won't be robust growth for years.

So isn't it nice that the stimulus package wasn't billed as 'extension of social programs' or expansion of government, but was rather sold as an urgent and immediate necessity to put Americans back to work and keep the unemployment rate from going higher.

Neither happened did it? And, like the healthcare overhaul, it was of the utmost urgency and could not wait for serious consideration or details as to how it would work. Then in implementation it is strung out over years in a way they hope won't seriously damage the re-election prospects of the advocates.

And now they want us to believe that was the plan all along?

How many recruits do you think the Tea Partiers would have gotten if we had been told up front that there was no intention to use the money in any serious way to stimulate the economy or put the private sector back to work?

It is putting people back to work... for the Government... Unfortunately these people don't create wealth...they take it from the private sector... Without the private sector there would be no Government... Yet Democrats consistently attack these big corporations that make their job possible... Idiots...

 

[Toro]

A bit of a disappointment?? It knocked 3%+ off the stock market........ That is more than a "bit" disappointed. I think we are in for more bad news when the LEI index comes out on June 17th.....Best of luck!

Luck? I made money today. I hope you did too.

 

[driveby]

Unemployment falls in more areas in April - USATODAY.com

Unemployment rates fell in April for more than 90% of the nation's 372 largest metro areas as hiring picked up around the country.
The Labor Department says the jobless rate dropped in 346 areas last month. It rose in only 12 and remained flat in 14.

That's much better than in March, when unemployment fell in 257 areas and rose in 89.

Much of the improvement was seen in Midwestern regions with significant manufacturing operations. Manufacturers, who added 44,000 jobs nationwide in April, are benefiting from increasing foreign sales and efforts by retailers and other U.S. companies to restock their warehouses.

http://www.usmessageboard.com/politics/119866-more-economic-good-news.html

 

[Toro]

Unemployment fell because people left the job market. Hiring was not robust.

 

[Zander]

Unemployment fell because people left the job market. Hiring was not robust.

Fire is hot. Water is wet.

 

[mascale]

The United States scored a record new employment gain in May. People also left the labor market. This below does not follow from that, or the referenced months:

"Unemployment fell because people left the job market. Hiring was not robust."

Back in March and April, even the private sector gains were on the rise. People want to see the 200,000 level all of the time, and all of a sudden. The job listings indices only started to rise in May. Interviews and Hiring, and then an actual paycheck: Tend to happen after that, rather than before that!

So here we have, "Fire is Hot. Water is Wet," as a critique.

Conclusion: Someone with a mouth full chile peppers, stuttered: In Arizona! In Arizona, even sending money home is not even regarded American, anyone would say(?)!

"Crow, James Crow: Shaken, not Stirred!"
(Comparing and Contrasting(?)!)

 

[Cuyo]

Extensions of social programs has been $130 billion. Of course, anybody with even the slightest knowledge of economics knows that extensions of social programs aren't designed to create jobs or stimulate economic growth but rather to provide a cushion when the economy tanks and there is only 1 job for every 5 openings.

As for the nonfarm payrolls today, it was a bit of a disappointment, but this is the type of recovery we are in. This recession is unlike any recession we have had since the Depression, and there won't be robust growth for years.

So isn't it nice that the stimulus package wasn't billed as 'extension of social programs' or expansion of government, but was rather sold as an urgent and immediate necessity to put Americans back to work and keep the unemployment rate from going higher.

Neither happened did it? And, like the healthcare overhaul, it was of the utmost urgency and could not wait for serious consideration or details as to how it would work. Then in implementation it is strung out over years in a way they hope won't seriously damage the re-election prospects of the advocates.

And now they want us to believe that was the plan all along?

How many recruits do you think the Tea Partiers would have gotten if we had been told up front that there was no intention to use the money in any serious way to stimulate the economy or put the private sector back to work?

It is putting people back to work... for the Government... Unfortunately these people don't create wealth...they take it from the private sector... Without the private sector there would be no Government... Yet Democrats consistently attack these big corporations that make their job possible... Idiots...

OMG... sooooooo simplistic. What did you think that was profound?

What do you think these government drones would be doing if not for their government jobs? That's right, pulling an unemployment check like the rest of the unemployed... Perhaps food stamps and/or welfare eventually. So what have we done then? Now they literally are "Taking wealth from the private sector..." [And getting *NO* productivity in return] Which pays for the government... Which maintains the infrastructure that makes the private sector as we know it, possible...

One hand washes the other, when are you guys going to realize that?

 

[Toro]

Unemployment fell because people left the job market. Hiring was not robust.

Fire is hot. Water is wet.

OK, "Prechter-Guy."

http://www.cxoadvisory.com/individual-gurus/robert-prechter/

 

[bugs]

Unemployment fell because people left the job market. Hiring was not robust.

Yep.. The Numbers Are COMPLETE Horse Shit As Well..

 

[Zander]

Unemployment fell because people left the job market. Hiring was not robust.

Fire is hot. Water is wet.

OK, "Prechter-Guy."

http://www.cxoadvisory.com/individual-gurus/robert-prechter/

Do you have a point? If you do, why not just make it?

 

[Sinatra]

The job #s were horrid.

The fact Obama was marching out expectations just this week indicating the #s were gonna be good clearly shows how clueless his administration is.

Another fail by Obama - in an increasingly long line of failures...

 

[Toro]

Fire is hot. Water is wet.

OK, "Prechter-Guy."

http://www.cxoadvisory.com/individual-gurus/robert-prechter/

Do you have a point? If you do, why not just make it?

Just pointing out the obvious.

 

[Zander]

OK, "Prechter-Guy."

http://www.cxoadvisory.com/individual-gurus/robert-prechter/

Do you have a point? If you do, why not just make it?

Just pointing out the obvious.

That seems to be a specialty of yours.