Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continue

[Procrustes Stretched]

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues

I just love the headline.

Conservatives would have us think with Obama in office this is bad news, but we all know if Romney/Ryan had won they'd be celebrating this.

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues | National Monitor

National Monitor, Staff | January 05, 2013

The latest unemployment report is out and the Obama administration can chalk up another victory in the fight against rising unemployment in the U.S.

According to the latest unemployment report released by the U.S. Bureau of Labor Statistics, nonfarm payroll employment rose by 155,000 in December, leaving the unemployment rate unchanged at 7.8 percent. Employment increased in health care, food services and drinking places, construction, and manufacturing, according to the agency, and will likely be welcomed by congressional Democrats and the White House.

...

and all the GOP has to sell is doom and gloom as the skies brighten?

 

[Oddball]

If we were at 7.8 unemployment in 2004, you and the rest of the liberoidal howler monkeys would've been howling like the monkeys that you are.

 

[Jroc]

Government unemployment numbers for December showed that while the general unemployment rate remained flat at 7.8 percent, unemployment for women and African-Americans rose despite an economy that created 155,000 jobs.

Unemployment for women rose to 7.3 percent in December from 7.0 percent while the rate for African-Americans rose sharply to 14.0 percent from 13.2 percent in November.

Unemployment among African Americans has remained quite high throughout the sluggish economic recovery of the past several years, despite the steady decline in overall unemployment in the economy generally.

The number of employed African Americans actually fell in December – a month that typically sees a spike in job creation as employers add temporary positions to handle the holiday shopping season.

The number of employed African Americans fell from nearly 16 million to 15.8 million in December.

By contrast, the unemployment rate for Whites remained nearly a full point below the national average at 6.9 percent in December

Unemployment Rises for Women, African-Americans in December | CNS News

 

[Procrustes Stretched]

If we were at 7.8 unemployment in 2004, you and the rest of the liberoidal howler monkeys would've been howling like the monkeys that you are.

of course because 2004 was not an election after an economic crisis as terrible as what Obama inherited.

in 2008 the economy was collapsing. in 2000 teh economy was marching along just fine thank you

 

[CrusaderFrank]

Cheering 7.8% UE.

Obama needs 4 more years of this failure and he'll be as great as FDR

 

[CrusaderFrank]

If we were at 7.8 unemployment in 2004, you and the rest of the liberoidal howler monkeys would've been howling like the monkeys that you are.

of course because 2004 was not an election after an economic crisis as terrible as what Obama inherited.

in 2008 the economy was collapsing. in 2000 teh economy was marching along just fine thank you

You ever hear of Global Crossing?

 

[Procrustes Stretched]

Government unemployment numbers for December showed that while the general unemployment rate remained flat at 7.8 percent, unemployment for women and African-Americans rose despite an economy that created 155,000 jobs.

Unemployment for women rose to 7.3 percent in December from 7.0 percent while the rate for African-Americans rose sharply to 14.0 percent from 13.2 percent in November.

Unemployment among African Americans has remained quite high throughout the sluggish economic recovery of the past several years, despite the steady decline in overall unemployment in the economy generally.

The number of employed African Americans actually fell in December – a month that typically sees a spike in job creation as employers add temporary positions to handle the holiday shopping season.

The number of employed African Americans fell from nearly 16 million to 15.8 million in December.

By contrast, the unemployment rate for Whites remained nearly a full point below the national average at 6.9 percent in December

Unemployment Rises for Women, African-Americans in December | CNS News

unemployment today is the fall out of the 2007/2008 economic crisis. to suggest otherwise is to spin reality. Women and African Americans as well as others are always hit hardest when we get the type of unemployment we've experienced since the 2007/2008 economic collapse.

it took decades to get us here, it will take more than 4 years to get back to where we want to be

 

[Oddball]

If we were at 7.8 unemployment in 2004, you and the rest of the liberoidal howler monkeys would've been howling like the monkeys that you are.

of course because 2004 was not an election after an economic crisis as terrible as what Obama inherited.

in 2008 the economy was collapsing. in 2000 teh economy was marching along just fine thank you

Still the fault of BOOOOOOOOSH!

What an asshole.

 

[Procrustes Stretched]

If we were at 7.8 unemployment in 2004, you and the rest of the liberoidal howler monkeys would've been howling like the monkeys that you are.

of course because 2004 was not an election after an economic crisis as terrible as what Obama inherited.

in 2008 the economy was collapsing. in 2000 teh economy was marching along just fine thank you

You ever hear of Global Crossing?

string these together: economic crisis -- over-the-counter derivatives -- Wall Street -- subprime lending -- AIG -- JP Morgan -- Bear Stearns -- mortgage-backed securities

 

[Procrustes Stretched]

If we were at 7.8 unemployment in 2004, you and the rest of the liberoidal howler monkeys would've been howling like the monkeys that you are.

of course because 2004 was not an election after an economic crisis as terrible as what Obama inherited.

in 2008 the economy was collapsing. in 2000 teh economy was marching along just fine thank you

Still the fault of BOOOOOOOOSH!

What an asshole.

To deny the unemployment numbers are not tied to the 2007/2008 economic crisis is to deny reality

next

 

[Jroc]

Government unemployment numbers for December showed that while the general unemployment rate remained flat at 7.8 percent, unemployment for women and African-Americans rose despite an economy that created 155,000 jobs.

Unemployment for women rose to 7.3 percent in December from 7.0 percent while the rate for African-Americans rose sharply to 14.0 percent from 13.2 percent in November.

Unemployment among African Americans has remained quite high throughout the sluggish economic recovery of the past several years, despite the steady decline in overall unemployment in the economy generally.

The number of employed African Americans actually fell in December – a month that typically sees a spike in job creation as employers add temporary positions to handle the holiday shopping season.

The number of employed African Americans fell from nearly 16 million to 15.8 million in December.

By contrast, the unemployment rate for Whites remained nearly a full point below the national average at 6.9 percent in December

Unemployment Rises for Women, African-Americans in December | CNS News

unemployment today is the fall out of the 2007/2008 economic crisis. to suggest otherwise is to spin reality. Women and African Americans as well as others are always hit hardest when we get the type of unemployment we've experienced since the 2007/2008 economic collapse.

it took decades to get us here, it will take more than 4 years to get back to where we want to be

The real unemployment rate is over 11% Obama's record is a joke. People dropping out of the workforce is not progress

 

[Procrustes Stretched]

I said "This is toxic waste. QWe're building a bubble." Others disagreed. - Richard Kovacevich Chairman, Wells Fargo (2001 - 2009)

Subprime Mortgages & the Housing Bubble | Oral Histories | FRONTLINE | PBS

 

[RetiredGySgt]

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues

I just love the headline.

Conservatives would have us think with Obama in office this is bad news, but we all know if Romney/Ryan had won they'd be celebrating this.

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues | National Monitor

National Monitor, Staff | January 05, 2013

The latest unemployment report is out and the Obama administration can chalk up another victory in the fight against rising unemployment in the U.S.

According to the latest unemployment report released by the U.S. Bureau of Labor Statistics, nonfarm payroll employment rose by 155,000 in December, leaving the unemployment rate unchanged at 7.8 percent. Employment increased in health care, food services and drinking places, construction, and manufacturing, according to the agency, and will likely be welcomed by congressional Democrats and the White House.

...

and all the GOP has to sell is doom and gloom as the skies brighten?

Weren't we told in October that the unemployment rate was 7.8?

 

[RetiredGySgt]

of course because 2004 was not an election after an economic crisis as terrible as what Obama inherited.

in 2008 the economy was collapsing. in 2000 teh economy was marching along just fine thank you

Still the fault of BOOOOOOOOSH!

What an asshole.

To deny the unemployment numbers are not tied to the 2007/2008 economic crisis is to deny reality

next

And pray tell, who controlled both houses of Congress in 2007 and 2008?

 

[Procrustes Stretched]

Unemployment Rises for Women, African-Americans in December | CNS News

unemployment today is the fall out of the 2007/2008 economic crisis. to suggest otherwise is to spin reality. Women and African Americans as well as others are always hit hardest when we get the type of unemployment we've experienced since the 2007/2008 economic collapse.

it took decades to get us here, it will take more than 4 years to get back to where we want to be

The real unemployment rate is over 11% Obama's record is a joke. People dropping out of the workforce is not progress

In 2008 ...

That's why we say that Obama inherited a rapidly-increasing unemployment rate. Why did it continue to rise after Obama took office? It takes a while for any government policy to take effect. Both TARP, the bank bailout signed by Bush in late 2008, and ARRA, the stimulus signed by Obama in February 2009, needed time to take effect, and that simply did not happen immediately. How long does it take to turn around the proverbial aircraft carrier vs. a speed boat? However, even though it took 9 months for the unemployment rate to max out (see the graph above) and start decreasing, the rate of increase slowed down by June 2009.

We can also think of the analogy of a fire: If a building is burning down, the fire department is called. It takes time for the fire department to put out the fire; it takes time for the fire to cool; it takes times for the debris to be hauled away. Only then can rebuilding start. And you certainly don't blame the fire department or the people who clean up the debris for the fire, do you?

The question, "What Caused the Rise in the Unemployment Rate After Obama Took Office?" really makes no sense... The unemployment rate was rising rapidly before Obama took office, and it took a few months for policies to kick in and stem the job bloodbath. A better question would be "What Caused the Rise in the Unemployment Rate Starting in 2007?" The answer to that would be the housing crisis and the resulting crisis in banks and lending institutions. But that is outside the scope of this article.

Molly's Middle America: What Was the Unemployment Rate When Obama Took Office Compared to Now? (October 2012 update)

Well...as just mentioned, the unemployment rate was on its way up with a bullet starting in early 2008. The unemployment rate was 4.4% in mid 2007 before the full impact of the housing crash hit the labor market. Employment in construction hit a max in mid 2006 and had already started down by mid 2007, but most other employment sectors were not impacted. But by late 2007, the entire economy was starting to feel the impact of the housing crash. In a year and a half, from June 2007 until January 2009, the unemployment rate went from 4.4% to the 7.8% discussed above.

wow! Unemployment rose very fast and high under Bush?

 

[alan1]

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues

I just love the headline.

Conservatives would have us think with Obama in office this is bad news, but we all know if Romney/Ryan had won they'd be celebrating this.

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues | National Monitor

National Monitor, Staff | January 05, 2013

The latest unemployment report is out and the Obama administration can chalk up another victory in the fight against rising unemployment in the U.S.

According to the latest unemployment report released by the U.S. Bureau of Labor Statistics, nonfarm payroll employment rose by 155,000 in December, leaving the unemployment rate unchanged at 7.8 percent. Employment increased in health care, food services and drinking places, construction, and manufacturing, according to the agency, and will likely be welcomed by congressional Democrats and the White House.

...

and all the GOP has to sell is doom and gloom as the skies brighten?

Who knew that "falls" and "unchanged" were synonymous when speaking about unemployment?
George Orwell's 1984 has arrived (albeit a few years later) and Dante is proof.

 

[tinydancer]

Dante dante dante.....what a giant fail.

 

[Procrustes Stretched]

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues

I just love the headline.

Conservatives would have us think with Obama in office this is bad news, but we all know if Romney/Ryan had won they'd be celebrating this.

Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues | National Monitor

National Monitor, Staff | January 05, 2013

The latest unemployment report is out and the Obama administration can chalk up another victory in the fight against rising unemployment in the U.S.

According to the latest unemployment report released by the U.S. Bureau of Labor Statistics, nonfarm payroll employment rose by 155,000 in December, leaving the unemployment rate unchanged at 7.8 percent. Employment increased in health care, food services and drinking places, construction, and manufacturing, according to the agency, and will likely be welcomed by congressional Democrats and the White House.

...

and all the GOP has to sell is doom and gloom as the skies brighten?

Who knew that "falls" and "unchanged" were synonymous when speaking about unemployment?
George Orwell's 1984 has arrived (albeit a few years later) and Dante is proof.

Fool one was a headline. nothing Orwellian there, just your reading and comprehension skills lacking

Dante even spelled it out for imbeciles like you "I just love the headline." true story. check it out.

 

[Zander]

U-6 is at 14.4%. Yeah, that's great.......

 

[Procrustes Stretched]

alan1, you know you are up shit's creek without a paddle when you have tinydancer to back you up.