sangha
Senior Member
- Jun 1, 2010
- 5,997
- 179
- 48
I can't believe I have to explain this to another Republican, again. But I will, and I will post this graph again, and do my best to explain it to you. I am here to help.
In January 2009, we were hemorrhaging about 750,000 jobs per month. 3 months later, it was down to about 500k. Three more months, down to about 300k, then by January 10, 0. Now job growth is positive.
So yes, throughout 2009, the aggregate unemployment figure continued to rise, even though the rate of decline had improved immediately and significantly.
True, the Administration miscalculated the magnitude of the problem we were facing, but the improvement in the jobs situation was immediate and immense as the graph indicates. You imply that you lost your job. I'm sorry if that's the case; However do not misdirect your anger toward the current Administration. This meltdown was Bush's baby.
You kool aid drinkers can't offer any defense for Obama just more Bush bashing. Obama has been in office for what a year and a half and you're still blaming Bush? At what point does this economy belong to Obama?
Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010. Private-sector employment changed little (+41,000). The unemployment rate edged down to 9.7 percent the same rate as in the
first 3 months of 2010. So from January to now, nothing really changed.
Productivity increased 2.8 percent in the nonfarm business sector during the first quarter of 2010 as unit labor costs fell 1.3 percent (seasonally adjusted annual rates). In manufacturing, productivity grew 1.5 percent while unit labor costs fell 1.5 percent.
U.S. Bureau of Labor Statistics
It will never be Obama's economy...they will ride this horse all the way to '12. And it will be Bush's fault that Obama didn't get re-elected too.
The wingnuts are really upset that the economy is improving. They preferred it when bush's economy was destroying hundreds of thousands of jobs every month.