More Economic GOOD NEWS: Unemployment falls

[Toro]

Looks like the economy has almost recovered... rightwinger should be thrilled.

New-home sales plunge 33 pct with tax credits gone - Yahoo! News

When the cash for clunkers program expired, car sales initially plummeted. But within a few months, car sales were hitting 52-week highs.

 

[rightwinger]

Looks like the economy has almost recovered... rightwinger should be thrilled.

New-home sales plunge 33 pct with tax credits gone - Yahoo! News

Yawn........

Priming the pump for the last few months

 

[jeffrockit]

Unemployment falls in more areas in April - USATODAY.com

Unemployment rates fell in April for more than 90% of the nation's 372 largest metro areas as hiring picked up around the country.
The Labor Department says the jobless rate dropped in 346 areas last month. It rose in only 12 and remained flat in 14.

That's much better than in March, when unemployment fell in 257 areas and rose in 89.

Much of the improvement was seen in Midwestern regions with significant manufacturing operations. Manufacturers, who added 44,000 jobs nationwide in April, are benefiting from increasing foreign sales and efforts by retailers and other U.S. companies to restock their warehouses.

Here is the real reality:
Excluding temporary hires for the 2010 Census, the economy has added about 500,000 jobs so far in 2010. The U.S. will need to add about 8 million jobs just to get back to the December 2007 peak, when the recession started.
U.S. Economic Recoveries Taking Ever Longer To Bring Back Jobs - IBD - Investors.com

While any increase is good news, at this rate Obama will be the "former president" (can't wait) before we get to real numbers.

 

[Foxfyre]

Unemployment falls in more areas in April - USATODAY.com

Unemployment rates fell in April for more than 90% of the nation's 372 largest metro areas as hiring picked up around the country.
The Labor Department says the jobless rate dropped in 346 areas last month. It rose in only 12 and remained flat in 14.

That's much better than in March, when unemployment fell in 257 areas and rose in 89.

Much of the improvement was seen in Midwestern regions with significant manufacturing operations. Manufacturers, who added 44,000 jobs nationwide in April, are benefiting from increasing foreign sales and efforts by retailers and other U.S. companies to restock their warehouses.

Here is the real reality:
Excluding temporary hires for the 2010 Census, the economy has added about 500,000 jobs so far in 2010. The U.S. will need to add about 8 million jobs just to get back to the December 2007 peak, when the recession started.
U.S. Economic Recoveries Taking Ever Longer To Bring Back Jobs - IBD - Investors.com

While any increase is good news, at this rate Obama will be the "former president" (can't wait) before we get to real numbers.

According to the Dept of Labor, 433,000 jobs were added in May and 411,000 of those were hired for the U.S. Census. If your 500,000 jobs is correct, I wonder how many of the other 67,000 jobs were government jobs? I'm going to take a wild guess and say I bet most of them were government jobs.

And while the raw numbers makes the overall employment picture look brighter, until we are making significant gains in the private sector, the public cash drain will continue and the public debt will continue to build. We simply cannot pretend that is okay and that those chickens won't be coming home to roost in most unpleasant ways.

 

[skookerasbil]

LOL.....is this thread not the definiitive billboard for "Im a liberal and I havent a clue!!" ???!!!!!!!!!!


Lets make sure to keep this thread alive on page one here for the rest of the year!!!!

 

[jeffrockit]

Wait for the meltdown that hits when the Obama tax increases kick in next year.

If we revert to the pre-2002 rates how do you explain that the economy boomed in the 90s with those exact same tax rates?

If the Bush tax cuts were so great for the economy, why did the Bush economy collapse?

Because the collapse was due to the housing bubble bursting.

 

[theHawk]

LOL.....is this thread not the definiitive billboard for "Im a liberal and I havent a clue!!" ???!!!!!!!!!!


Lets make sure to keep this thread alive on page one here for the rest of the year!!!!

Yup. Only an Obama blowhard would try to spin any of this economic news as good.

 

[rightwinger]

Thanks for the BUMP Hawk..

Rising employment trends are always.....GOOD NEWS

Of course, not for those who want the economy to fail

 

[KMAN]

More GOOD NEWS to celebrate!!!!!!

CBO: National Debt at Highest Level Since World War II

 

[Jarhead]

Thanks for the BUMP Hawk..

Rising employment trends are always.....GOOD NEWS

Of course, not for those who want the economy to fail

No RW. Rising employment news is good when it is in the private sector. Rising empoloyment in the public sector means nothing for economic growth and is negative news regarding the deficit.

So no. Rising employemnt trends are NOT always good news.

 

[rightwinger]

This ought to cheer you guys up.....Good News for ALL Americans

Jobless rates drop in two-thirds of metro areas - USATODAY.com

WASHINGTON — Unemployment rates in roughly two-thirds of the nation's largest metropolitan areas dipped in May as the gradual economic recovery spurred some hiring.
The Labor Department says the jobless rates dropped in 237 of 382 areas in May from April. It rose in 118 areas and was flat in 27.

The figures aren't adjusted to account for seasonal trends, such as lifeguards hired during the summer or retail clerks let go after the holiday shopping season. So they tend to be volatile from month to month.

Among the places seeing large declines in their jobless rates are Ocean City, N.J.; Sandusky, Ohio and Springfield, Ill. By contrast, areas in Louisiana hit by the BP oil spill saw gains. Those includes Baton Rouge, New Orleans-Metairie-Kenner and Houma-Bayou Cane-Thibodaux.

Thanks for bumping all this GOOD NEWS to the top

 

[rightwinger]

Since you guys want more ECONOMIC GOOD NEWS...

How jobs growth forecast was done - USATODAY.com

Jobs forcast is for continued upward growth

 

[Soggy in NOLA]

Even Paul Krugman can't keep spinning this shit... predicts next wave of economic catastophe.

 

[KMAN]

Since you guys want more ECONOMIC GOOD NEWS...

How jobs growth forecast was done - USATODAY.com

Jobs forcast is for continued upward growth

Hmmm... That map looks a lot like this map... Coincidence... I think not.

RealClearPolitics - Electoral Map

 

[rightwinger]

Since you guys want more ECONOMIC GOOD NEWS...

How jobs growth forecast was done - USATODAY.com

Jobs forcast is for continued upward growth

Hmmm... That map looks a lot like this map... Coincidence... I think not.

RealClearPolitics - Electoral Map

You wouldn't be one of those people rooting for the economy to fail for political reasons would you?

Why else would you post a political map on an ECONOMIC thread?

 

[Foxfyre]

Thanks for the BUMP Hawk..

Rising employment trends are always.....GOOD NEWS

Of course, not for those who want the economy to fail

And the Emperor only has no clothes if you want him to be naked, right?

Rising employment trends are always good IF the jobs added are people who are actually making things that people want to buy or who are providing a service people are willing to pay for.

Rising employment trends are not good if they are based mostly on new government jobs that will be draining resources instead of contributing to them.

The raw stats for May looked great with more than 400,000 new jobs added until you realize that less than 10% of those jobs were in the private sector and almost all the rest continue to drain public resources and add to the deficit.

Our fearless leaders could drop unemployment to zero today simply by putting every unemployed person on a government payroll. Of course every city, county, state, and the nation would be hopelessly bankrupt past any hope of recovery within a week.

But the stats would look great and with all that addition money put into the economy for a bit we would probably see some growth in this quarter too. Growth based on empty air though is gonna go away with the first prick of the balloon.

And those who care enough about the economy to know that it can't be propped up by empty hopes are doing what we can to turn it around. Maybe in November we can.

 

[rightwinger]

Jobs is Jobs is Jobs.....

When getting out of a recession there are NO BAD JOBS

Temporary, Seasonal, Part Time, Census, Government, Private, Self Employed....

All are needed while we emerge from recession

 

[Jarhead]

Jobs is Jobs is Jobs.....

When getting out of a recession there are NO BAD JOBS

Temporary, Seasonal, Part Time, Census, Government, Private, Self Employed....

All are needed while we emerge from recession

Unfortunately, that is exactly how the left thinks.

A public sector job costs the people money and has no return whatsoever. Albeit, it puts food on the table for a family and that is a great return. But it does nothing for economic growth seeing as unemployment ALSO puts food on the table.

Private sector job implies economic growth.

 

[Foxfyre]

Just keep telling yourself that RW even as every G20 and G8 country, with the apparent exception of ours, knows it just ain't so and are telling us so, and nobody seems to be on the phone at our end.

All jobs are not equal. The only jobs that strengthen the economy are those that are putting more back into the economy than they are taking out and they do that by producing more than it takes to sustain the job and also by providing enough stability and confidence that the job holder feels secure in leading a normal life and planning ahead for a better future.

Government jobs can provide the stability, but they cannot put more into the economy than they take out. And therefore the more government jobs there are, the more they suck the economy dry until there is less and less to sustain private sector jobs. Eventually there will be too few private sector jobs to produce the necessary taxes to sustain all the government jobs.

You simply cannot rejoice when more than 90% of new jobs added are government jobs because that is a certain prescrption for prolonging a recession and ensuring that recovery will be ever more difficult.

 

[Jarhead]

Just keep telling yourself RW as every G20 and G8 country, with the apparent exception of ours, knows it just ain't so and are telling us so, and nobody seems to be on the phone at our end.

All jobs are not equal. The only jobs that strengthen the economy are those that are putting more back into the economy than they are taking out and they do that by providing enough stability and confidence that the job holder feels secure in leading a normal life and planning ahead for a better future.

Government jobs can provide the stability, but they cannot put more into the economy than they take out. And therefore the more government jobs there are, the more they suck the economy dry until there is less and less to sustain private sector jobs. Eventually there will be too few private sector jobs to produce the necessary taxes to sustain all those government jobs too.

You simply cannot rejoice when more than 90% of new jobs added are government jobs because that is a certain prescrption for prolonging a recession and ensuring that recovery will be ever more difficult.

But it makes the numbers look good and the naive feel good and open the door to a more successful campaign season for those in power.