Over 3 million jobs lost, but 1.4 million crappy jobs created

[MtnBiker]

http://www.reuters.com/printerFriendlyPopup.jhtml?type=bondsNews&storyID=5555716

Reuters must be partisan as well.

 

[insein]

http://www.reuters.com/printerFriendlyPopup.jhtml?type=bondsNews&storyID=5555716

Bush has a net gain actually for all the uninformed.

The creation of nearly a million jobs in the last three months ended years of worry about the slow recovery from the 2001 recession and cemented expectations the Federal Reserve will begin raising interest rates to head off inflation.

While 1.2 million jobs have been lost since Bush took office, that deficit could easily be erased if hiring continues at its recent pace, and talk of Bush being the president with the worst job record since Herbert Hoover has faded.

Sorry to burst your beer can there psycho. Also the job quality is better too.

Friday's report is also expected to show a sixth straight monthly rise in hourly earnings, though the workweek will likely be unchanged at 33.8 hours, according to a Reuters survey of economists.

Longer hours and fatter paychecks are seen by experts as evidence the economy is on the threshold of even stronger job gains in the months ahead.

So face it, the economy is lost to the Dems. Its one of the best economies in years. Consumer confidence increases are proving that the word is getting out too.

http://abcnews.go.com/wire/Business/ap20040629_798.html

Lynn Franco, director of The Conference Board's Consumer Research Center, said the strong improvement in current business conditions propelled consumer confidence to the highest level since June 2002, when the indicator was 106.3.

The Present Situation index is now 104.8, up from 90.5 in May. The Expectations Index, which measures consumers' outlook over the next six months, rose to 100 from 94.8.

"Looking ahead, consumers expect the economy to continue to grow at a healthy clip and to continue to generate additional jobs," Franco said. "And, with prices at the pump beginning to ease, the short-term outlook remains favorable."

 

[insein]

Originally posted by MtnBiker
http://www.reuters.com/printerFriendlyPopup.jhtml?type=bondsNews&storyID=5555716

Reuters must be partisan as well.

Thats funny. Just before me.

 

[insein]

Facts have a way of shutting psycho up real quick. He viewed this thread for a good 10 to 15 minutes after my post and then disappeared. Go figure.

 

[Avatar4321]

I think psycho is about three months late on this talking point.

Also its ludicrous to not believe the department of labor. they are the ones collecting the official stats.

 

[Hobbit]

And, it's over to psycho for economics...OF THE FUTURE!!!

"Today, learn how George Bush is responsible for the loss of over 286 trillion jobs...INCLUDING YOURS!!!" cue scary news music

 

[007]

Originally posted by Hobbit
And, it's over to psycho for economics...OF THE FUTURE!!!

"Today, learn how George Bush is responsible for the loss of over 286 trillion jobs...INCLUDING YOURS!!!" cue scary news music

:teeth:

 

[Annie]

Originally posted by Hobbit
And, it's over to psycho for economics...OF THE FUTURE!!!

"Today, learn how George Bush is responsible for the loss of over 286 trillion jobs...INCLUDING YOURS!!!" cue scary news music

:clap1:

 

[fuzzykitten99]

Originally posted by Psychoblues
I don't call that anything to brag about. Economically speaking, of course.

Psychoblues

that's a load of shit. i just landed a job WITHOUT hardly trying. I am closer to home and making a little more money. this is due to several promotions within the company itself due to expansion. and it is BETTER than the job i am in now.

 

[phadras]

Mickey D's gonna have a new spidey meal? The kids really love those things...

 

[MtnBiker]

Mid-Atlantic Factories Booming in July

NEW YORK (Reuters) - Mid-Atlantic factories chugged along in July at the strongest pace since January, as manufacturers enjoyed lower prices, record shipments and created more jobs, a report showed on Thursday.

The Federal Reserve Bank of Philadelphia reported that its index of business conditions in the Mid-Atlantic rose to 36.1 in July from 28.9 in June, making this the index's strongest reading since January and soundly beating analysts' forecasts for a drop to 25.0.

July also marked the 14th month in a row that the index has been above zero, the level that separates growth from contraction.

Overall business conditions got a boost from just about every area -- from new orders, to shipments to falling inventories this month

"The rise in the Philly Fed index was the second confirmation from a regional group of purchasing managers that activity has picked up in July," said Chris Rupkey, senior financial economist, Bank of Tokyo/Mitsubishi.

"It suggests that the industrial production setback reported for June is unlikely to last and that production geared up the very next month," he added.

WELL OUT OF THE DOWNTURN

The U.S. manufacturing sector has pulled itself out of one of its worst downturns to operate at its strongest in nearly 20 years and continues to add jobs as consumer demand improves.

The new orders component, an indicator of future growth, rose to 35.3 from 24.0, its best since January, but actual shipments rose to 41.3 from 26.2, the highest reading for 10 and a half years.

Meanwhile, the inventories index dropped to 4.1 from 19.0, the lowest since March.

Job creation in the sector also soared, with the component of the index rising to 24.6 from 16.8 the previous month -- its highest ever-- the Philly Fed said.

Full Story

 

[MtnBiker]

bump

 

[tim_duncan2000]

The U.S. manufacturing sector has pulled itself out of one of its worst downturns to operate at its strongest in nearly 20 years and continues to add jobs as consumer demand improves.

It's all lies. Everyone knows the economy is horrible, horrible, horrible. Bush ruined the economy and Kerry will fix it. :alco:

 

[MtnBiker]

Facts have a way of shutting psycho up real quick. He viewed this thread for a good 10 to 15 minutes after my post and then disappeared. Go figure.

It's happening again.

 

[Annie]

It's happening again.

He's a very slow reader? There seems to be several. Slow writers too! Not everyone can be like us, just shoot from the lip or fingers as it were. :funnyface

 

[MtnBiker]

He's a very slow reader? There seems to be several. Slow writers too! Not everyone can be like us, just shoot from the lip or fingers as it were. :funnyface

He is offline now but he was viewing the thread. It seems he is choosing not to respond to a topic he started.

 

[Annie]

He is offline now but he was viewing the thread. It seems he is choosing not to respond to a topic he started.

I hear you. There are several, to remain unnamed, that have problems with facts. Run and hide doesn't work in life or here very well.
:shocked:

 

[MtnBiker]

bump

 

[Psychoblues]

You're correct, mtnbkr, the subject needs revisitation.

Thanks, pal.

Psychoblues

God Bless America

 

[insein]

yes it does Psycho. We seem to have many new jobs that ARENT just the schlub jobs as the media wants us to think. Hourly Wages are up from the Clinton years as well.