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.
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."
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?
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!
The Romney recovery is taking hold.
How about that President! The doom and gloomers must be real down. Nothing like
an economic recovery to depress the conservatives not in power.
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.
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.
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
This is mostly part time holiday help, people giving up & no longer looking
for work, and Sandy clean-up.
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.
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.
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.
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.
@worf and curious georgeYou 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.
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!
HAHA FT, "The Romney recovery is taking hold." funnyI bet
that's awkward around the Romney dinner table. "So the economy is
picking up." "Shut up."
LOL! Reality will settle in soon enough. I think I'll bookmark this story
to come back to for a laugh when things hit the fan.
The ironic thing is that the people who cheer this don't bother to look at
the BLS statistics that show that the labor participation rate dropped by .2%
from October to November, and that the labor participation rate has been
dropping ever since Obama took office.So lets cheer that the Obama
economy lowers unemployment rates by getting people to quit looking for work!!!
Yea, lets kick out more people from the workforce, eventually we will have an
unemployment rate of 0%. Just look at how well Obama is doing this. When Obama
took office we had 65.7% participation in labor, and now we are at 63.6%
Another 4 year we will be back to Bush level unemployment rates, and Carter era
Gallup reported LESS people are working full time for an employer in November
2012 than the same period in each of the prior two years. So the question is,
what KIND of jobs have we seen and are people really better off?AZrods,No BO’s plan is not working – he HAS no plan other
the punitive tax rates which Boehner is holding off, and other methods of wealth
redistribution. Any improvement in the economy is IN SPITE of BO, not because
of him.What specifically has BO done to help the economy? Less than
5% of the porkulus had been spent when the recession ended 2Q 2009, so it
CLEARLY was NOT the porkulus. What specifically has BO done? Screwdriver? LDS
lib? FT?LDS lib,We want BO to fail, so America will succeed.
If BO were not holding middle class tax cuts hostage, there may be some progress
on the fiscal talks. But BO is recalcitrant.
@redshirtwhat a surprise I went and actually read the BLS report and it
clearly states that the participation is unchanged from a year ago. As usual you
seem to have failed to actually read the source you reference. @lost
in DC again the BLS report clearly shows your claim is false. the rate has
changed very little. Thank redshirt for the reference.
I knew this would happen when Mitt was elected...Oh wait...If Mitt was elected the rate would already be down to 3.7%.
Amazing how anyone can believe in Obama promises.--LDS Liberal. You believe?Remember cutting the deficit in half?Deficit spending is
irresponsible, and unpatriotic.--Sixty percent of our deficit in the passed
three and a half years.Look at the cost of living in California, New
York, and Hawaii. Liberal states getting what they voted for. Ha! Look at
Greece.Too bad, the rest of us have to suffer for your liberal ways.
Calling it the Romney recovery is why it really didn't matter who got
elected, both people had this evolution of disaster programmed to happen. Obama
is trying to destroy the country and economy, and Romney just doesn't have
the gift to fix it by also being a socialist slaver.In the last 40
years the unemployment numbers and statistics have become irrelevant fodder food
for the news media based on manipulated irrelevant facts. What's more
important than temporary jobs and business added are the data of welfare,
unemployment, and removed from sight have long exceeded the GNP. We
are paying people on welfare more than people can make working. The median tax
free income for welfare is $30,000/yr @ $30/hr to do nothing. While the median
taxable income for workers has declined to $25,000/yr $25/hr minus taxes =
$17,000/yr. This means we are spending more to take people out of the job market
than taxed workers can sustain.It also means our economy is in
reverse and going faster as it dives like a nuclear bomb when we reach the
bottom of the cliff. Obama has run out of other peoples money to spend.
Tolstoy,to which claim are you referring?Gallup DID report
what I said they reportedBO DOES want to redistribute wealth -
Boehner IS trying to hold him offThere has been some slight
improvement despite BObut then, my 5% comment did use as its source
the NYT, so it could be erroneousand the BLS participation rate does
not distinguish between part-time and full time employment, so Gallup CAN report
full-time employment down. Please do not call me a liar without substantiating
what it is you are talking about.
Sounds like some companies are creating hiring buffers... very smart for when we
hit the fiscal cliff.