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Comments about ‘U.S. economy adds 146,000 jobs, unemployment rate falls to 7.7 percent’

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Published: Friday, Dec. 7 2012 12:00 a.m. MST

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don17
Temecula, CA

In the last 3 weeks over 900,000 people applied for first time unemployment benefits. 500,000 people had their benefits end so they are no longer counted and California is 8 days behind in processing extended benefits. The facts show that job creation is anemic. 146,000 jobs created is not solid! It does not even keep up with the natural monthly population growth coming into the workforce. 150,000 to 225,000 per month are needed to just keep up with even. Solid job growth is 400,000 per month. That will start to truelly reduce overall unemployment: The Real unemployment number 15.1 percent. This point in the Reagan recovery saw job growth at 500,000 to 1 million jobs per month. Bad is Bad! Our economy is Bad off. No twisting of facts changes that.

These pathetic numbers do not include Panasonic's 10,000 cuts, Lockheed Martin's 123,000 cuts, Boeings 68,000 cuts, Hostesses 18,500 cuts, Citibanks 11,000 cuts ect. Or the additional 800,000 cuts coming from sequestration and the end to all the part time Christmas jobs in 4 weeks. Then the closures or cut backs by major retailers in stores.

liberal larry
salt lake City, utah

My condolences to conservatives. I know how much you have invested in our countries economic plight, and this bright spot must cause you un-told misery, all I can say is, "I feel your pain."

Say No to BO
Mapleton, UT

Now that the dust is settling a bit on unemployment numbers, maybe we can address to long-term, hard core unemployed.
Conventional wisdom says that 4% is about as low as the rate can go.
But there is apparently another number, off the radar, of those who have given up looking for work. They don't count in the unemployment number, but they are still out there.
How big was that number five years ago and how big is it now.
And the real question: Why do we still have forgotten men?

xscribe
Colorado Springs, CO

Who would have guessed that there would be posts naysaying these numbers and giving their own version of reality? Anyone besides me?

Say no: I hope by your last sentence you mean mankind and not just men!

FT
salt lake city, UT

The Romney recovery is taking hold.

one vote
Salt Lake City, UT

How about that President! The doom and gloomers must be real down. Nothing like an economic recovery to depress the conservatives not in power.

1conservative
WEST VALLEY CITY, UT

7.7 is great - as far as it goes.

Apparentally those hard-working employees that have just dropped off the radar and are now at the food bank to get by don't count for much.

AZRods
Maricopa, AZ

To suggest that any of us wouldn't be thrilled to see a true up tick in the economy is just silly.
Yes many of us conservatives would have to admit that the other guy's plan is actually working.
BUT, to suggest that things are clearly improving is being naive and gullable and even worse, believing that the current economic plan is working.
To ignore the fact that unemployment always takes a dip around Christmas is simply an annual tradition.
And adding 146000 jobs doesn't begin to put a dent or even keep up with the current job losses.
Let's talk again around Jan-Feb and see how many of you are beating on your chests over this solid recovery.

With no cutbacks on spending, obamacare and higer taxes on the horizon no one should be surprised to see the same results as the first 4 year gave us. Perhaps even worse.

That's not doomsday talk or hoping for the worst.
It's simple reality.

xscribe
Colorado Springs, CO

Anyone want to bet that if Romney were elected president and these same numbers came out, a lot of posts would say something much different from what is being posted today?

worf
Mcallen, TX

This is mostly part time holiday help, people giving up & no longer looking for work, and Sandy clean-up.

curious george
Smalltown, UT

The main reason for the 146K increase of jobs this quarter is the addition of temporary employment by retailers for the holiday season. After Christmas the numbers will go right back to where they were a few weeks ago. Please, liberals don't start crowing yet and conservatives don't get you knickers in a bind. Until some real solutions to the economy are addressed there will be little change one way or the other.

LDS Liberal
Farmington, UT

Conservatives hate good news.
They want America to fail, so Obama appears to fail.

They'll be trash talking every bit of America's good news for another 4 years.

It's what keeps their mentors and heros Limbaugh, Hannity and Beck - $Billionaires.

VST
Bountiful, UT

Here are the REAL unemployment numbers for Dec 2012 from the Bureau of Labor Statistics:

12,029,000 – Unemployed (down 229,000 from November)
8,176,000 – Part time for economic reasons (down 168,000)
2,505,000 – Marginally attached/discouraged workers (up 72,000)
__________

22,710,000 – Total unemployed (down 325,000)

My Assessment: A 0.2% decrease from November – slowly improving.

But here is what is discouraging:

1.5% - Projected yearly GDP growth for Last Quarter 2012.

That is down from 2.7% for Third Quarter 2012.

Economic growth (which decreases unemployment) is only treading water.

LDS Liberal
Farmington, UT

In other news --
The Communist Chinese are getting yet another raise.

So today -
Apple announced that it will begin "in-sourcing" high-tech production of it's Macs to the United States in 2013.

Gotta love it.
Out-sourcing during Bush years ,
In-sourcing with Obama, just like he promised.

But - Political hacks will STILL not like it.
Party Politics supercede America in general.

VST
Bountiful, UT

@LDS Liberal,

As a conservative, I cannot speak for others. But in my case (and possibly many others), do not delude yourself.

Limbaugh, Hannity, and Beck are NOT my heroes or mentors – I never watch or listen to them.

And when it comes to unemployment, I do like good news. I would like everyone, who wants to be employed, to have a job.

DN Subscriber 2
SLC, UT

These favorable reports demand a bit of analysis:
By decreasing the number of people in the work force, the percentage of unemployed was made to be lower.

Which begs for recalling some famous quotations

"Figures don't lie, but liars figure."

"You can fool some of the people some of the time, and all of the people some of the time, but you cannot fool all of the people all of the time."

"There is a sucker born every minute."

Thus concludes today's lesson in Obamanomics.

atl134
Salt Lake City, UT

@worf and curious george
You mentioned the holiday season, which is a good point except that the unemployment rate is already a seasonally adjusted statistic so that's factored into it.

LDS Liberal
Farmington, UT

I heard the CEO of Northrup Grumman say the other day that his company can not even begin to start hiring due the Congressional Fiscal Cliff.

So -
If Republicans really wanted to put people back to work, in GOOD paying jobs - Get to it!
Stop obstructing, and quit holding America hostage!

VST
Bountiful, UT

@atl134 said, "You mentioned the holiday season, which is a good point except that the unemployment rate is already a seasonally adjusted statistic so that's factored into it."

That indeed is a true statement

@DN Subscriber said, "By decreasing the number of people in the work force, the percentage of unemployed was made to be lower."

Not exactly true. If the number of people in the work force decreases, but the number unemployed remains the same, then the percentage of unemployment would go up – not down. In actuality, both numbers actually decreased in December which resulted in a 0.2% decrease in unemployment.

Screwdriver
Casa Grande, AZ

HAHA FT, "The Romney recovery is taking hold." funny

I bet that's awkward around the Romney dinner table. "So the economy is picking up." "Shut up."

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