Total Employed Decrease by 159,000 in July

[boedicca]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

 

[edthecynic]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

At this same point in St Ronnie's first term UE was 9.8% and rising, so Obama is still less of an epic failure than Reagan.

 

[uscitizen]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

And this is different in what way from the Bush admins spin on the economy and jobs?

 

[Gremlin-USA]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

At this same point in St Ronnie's first term UE was 9.8% and rising, so Obama is still less of an epic failure than Reagan.

When and I use that term when loosely, BO gets the UE Rate below 7% you may have a valid point until then, quit the Spinning before you get your self dizzy and puke

 

[edthecynic]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

At this same point in St Ronnie's first term UE was 9.8% and rising, so Obama is still less of an epic failure than Reagan.

When and I use that term when loosely, BO gets the UE Rate below 7% you may have a valid point until then, quit the Spinning before you get your self dizzy and puke

You just can't handle the fact that Obama is doing a better job than 9/11 Reagan. UE was lower and stable when St Ronnie became president so it was not a growing disaster passed on to him. St Ronnie was the worst president in history.

 

[boedicca]

No he's not. The country went into a recession in 1981. Reagan's tax cuts spurred real economic growth so that at the equivalent period after the recovery began, GDP growth was over triple the Obama version. GDP growth is a leads to private sector job creation - which was subsequently quite strong beginning in mid 1983 throughout the rest of Reagan's terms (unemployment was a bit above 5% when he left office).

Obama is headed on the opposite trajectory. Slower growth - private sector job creation far below the rate to keep up with population growth. The only way he'll achieve 5% unemployment is for millions more workers to GIVE UP LOOKING FOR WORK BECAUSE THERE ARE NO JOBS.

And here's another difference: under Reagan, unemployment checks were not promoted as a valid career choice and stimulus initiative. Obama is lost without a clue as to what creates productive work and real jobs.

 

[edthecynic]

No he's not. The country went into a recession in 1981. Reagan's tax cuts spurred real economic growth so that at the equivalent period after the recovery began, GDP growth was over triple the Obama version. GDP growth is a leads to private sector job creation - which was subsequently quite strong beginning in mid 1983 throughout the rest of Reagan's terms (unemployment was a bit above 5% when he left office).

Obama is headed on the opposite trajectory. Slower growth - private sector job creation far below the rate to keep up with population growth. The only way he'll achieve 5% unemployment is for millions more workers to GIVE UP LOOKING FOR WORK BECAUSE THERE ARE NO JOBS.

And here's another difference: under Reagan, unemployment checks were not promoted as a valid career choice and stimulus initiative. Obama is lost without a clue as to what creates productive work and real jobs.

You got it ass backwards. Reagan's tax cuts passed in July 1981 with UE at 7.2% and then immediately afterwards we went into the Reagan Recession with UE peaking at 10.8% in Nov and Dec 1982.

 

[topspin]

Democrats usually do better for us in the investor class. Obama has 1year in at plus 40 percent. Nice

 

[AquaAthena]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

From my understanding, Romer has not been in favor of all the spending nor the up and coming tax increase on employers...er....wealthy. :cuckoo:

Unemployment is 10.5 in Oregon. More on the coast. Many businessess have closed.

 

[Dr.House]

I'm sure the 1 (or more) out of 10 people out of work or who have given up looking for work are comforted by the liberals words of "well, it's not as bad as it was for Reagan at this point of his Presidency"....


Seriously, some of you libs are batshit looney tunes and completely out of touch with real America...

 

[topspin]

71,000 private sector jobs added. That's not terrible

 

[Big Black Dog]

The work force is going to shrink even more come November 1st cause my wife is going to "retire".

 

[uscitizen]

Democrats usually do better for us in the investor class. Obama has 1year in at plus 40 percent. Nice

Umm we are still not back up to where we were though.
although I guess it does help to offset the 50% or so loss many suffered.

 

[topspin]

Duh
I don't make the facts, just profit from them.

 

[lizzie]

At this same point in St Ronnie's first term UE was 9.8% and rising, so Obama is still less of an epic failure than Reagan.

The difference was that Reagan had a clue what would work to stimulate the private sector. Obama either hasn't figured it out or he refuses to create policies that will spur private sector growth. He appears to believe that government is a legitimate profitable business.

 

[topspin]

Democrats usually do better for us in the investor class. Obama has 1year in at plus 40 percent. Nice

Umm we are still not back up to where we were though.
although I guess it does help to offset the 50% or so loss many suffered.

We are right under were we were

 

[code1211]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

And this is different in what way from the Bush admins spin on the economy and jobs?

Judging only by the hisorical results, Bush ran into two big problems economically in his administration.

1. 2001: The 9/11 attacks.
2. 2007: Dems take control of the government.

After both of these "attacks", the economy suffered.

 

[code1211]

At this same point in St Ronnie's first term UE was 9.8% and rising, so Obama is still less of an epic failure than Reagan.

The difference was that Reagan had a clue what would work to stimulate the private sector. Obama either hasn't figured it out or he refuses to create policies that will spur private sector growth. He appears to believe that government is a legitimate profitable business.

At some point in the past, I put ol' ed the cynic on iggy. I didn't notice who made the comment until I started the response.

Comparing the the Obama recovery to the Reagan Recovery is not appropriate. Comparing the the Obama Recovery to the Carter Recovery is appropriate.

Comparing whoever follows Obama to the Reagan Recovery will be appropriate.

There needs to be abject loss of hope and rock bottom desperation rampant in the populace to allow a valid comparrison between the situation in the country at the beginning of the Reagan Administration and any other situation.

A few more years of underperformance in the economy, lessening respect abroad, selective enforcement of law and utter impotence in dealing with any critical issue should do it.

The country divides roughly into two groups: Those who remember how the Carter years felt and those who are about to find out.

 

[uscitizen]

Thread switched to Reagan???

How appropriate for this thread.

LMAO

Those who do not get it are excused for recess for the rest of the day.

 

[boedicca]

The incredible shrinking workforce of Obamanomics continues. The BLS reports that total Employed shrank by 159,000 in July, while those not in the labor force increased by 381,000.

Employment Situation Summary Table A. Household data, seasonally adjusted

Due to the increase in discouraged workers who have given up looking, unemployment remained at 9.5% - a level which Tim Geithner recently predicted would increase over the next few months as a "sign of recovery".

The Spin is getting very desperate. No wonder Romer quit yesterday.

Obanomics = Epic Fail

And this is different in what way from the Bush admins spin on the economy and jobs?

Judging only by the hisorical results, Bush ran into two big problems economically in his administration.

1. 2001: The 9/11 attacks.
2. 2007: Dems take control of the government.

After both of these "attacks", the economy suffered.

You're forgetting the Dotcom Crash and the Financial Meltdown (caused by years of bad regulations for the mortgages, FM/FM, and taxpayers backing bad loans).