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