U.S. Economy Lost 54,000 Jobs in August; Unemployment Rate Rises to 9.6%

Discussion in 'Economy' started by teapartysamurai, Sep 4, 2010.

  1. teapartysamurai
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    teapartysamurai Gold Member

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    Read all here: U.S. Private Sector Adds 67,000 Jobs - WSJ.com

    Man, how is that "summer of recovery" going for you.

    Liberals keep telling us about "jobs added" but what kind of jobs if the unemployment rate goes up again?

    Are these census workers? Temporary jobs? Part time jobs? Are the jobs being lost the more permanent work job seekers need?

    Liberals are going to find it hard to hide behind "stats" when the obvious is a lot of people are out of work!

    Those people are going to vote come November.l

    It's about the jobs liberals, and Obama and the Democrats are the ones that need to be put of work, to make that part of our economy better. ;)

    :lol::lol::lol::lol:
     
  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    So take away those nasty government jobs and we actually saw an increase from the private sector.

    For months, Cons have been saying "Its just census jobs...its just census jobs"
    Now those jobs are going away and we saw a 0.1% increase in unemployment
     
    Last edited: Sep 4, 2010
  3. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Precisely, because there is no economic recovery taking place. The lower unemployment rate was nothing more than a facade.
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    The market was so upset by these new figures that it skyrocketed

    Stocks extend September rally; Dow positive for year - USATODAY.com

    Investors have received more encouraging reports on the economy over the past three days than they did throughout August, when data regularly fell short of the market's already modest expectations. Reports beginning with Wednesday's manufacturing data touched off a rally at the beginning of September, which is historically a bad month for stocks.

    There were other encouraging signs in the employment report Friday, including revisions to June and July's reports that showed the economy added more jobs than the government previously said.

    More than a half-million Americans resumed their job searches in August. That drove up the unemployment rate to 9.6% from 9.5%, but it could also be a sign that more people are hopeful about the recovery.

    For the week, the Dow is up 2.9%, while the S&P 500 and the Nasdaq are both up 3.7%. It was the first week of gains in a month for both the Dow and S&P.
     
    Last edited: Sep 4, 2010
  5. Article 15
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    Article 15 Dr. House slayer

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    No shit, right?

    Isn't this exactly what they want? A decrease in government jobs and and increase in private sector jobs.

    Why is this being posted like it's a bad thing?
     
  6. teapartysamurai
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    teapartysamurai Gold Member

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    Then WHY did UNEMPLOYMENT RISE?

    Hellooooooooooooooooooooo!
     
  7. Article 15
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    Article 15 Dr. House slayer

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    I thought the link you posted made that clear. Despite net gains in private sector jobs, the shedding of temporary government census jobs put us at an overall net loss for the month.

    So private jobs increased and government jobs decreased which is exactly what y'all want yet here you are trying to paint it as a negative. I wonder why.
     
  8. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Because those temporary census jobs have gone away. It rose a whopping 0.1% to show that those lost census workers are being made up by the private sector....just like conservatives wanted.

    Census jobs are now gone and the unemployment rate is now down 0.6% for the year
     
  9. NYcarbineer
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    NYcarbineer Diamond Member

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    The conservative plan is to cut tens of thousands of government jobs (unless they're in defense of course, where they want even more government jobs). That's the conservative plan to put America back to work.
     
  10. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Didn't we lose all those jobs in the first place by following the conservative plan?
     

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