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Thread: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by StillBallin75 View Post
    I guess the next question would be, why the huge discrepancy between the outlooks of employers versus laborers?
    My guess is that the subset of firms ADP uses in its survey is increasingly not representative of the overall labor market. Over the past year, the report has become far more useless noise than insightful substance.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by rcart76 View Post
    You know this is getting really irritating. Where have we come to as a country when we take pleasure in bad unemployment numbers because it makes the other side look bad? Where have we come to when it is a "good" thing to not compromise to get things done. Both parties are treating american citizens as monopoly board game pieces just to prove a political point.

    You know what I don't blame Washington, I blame us. This partisan crap has to end or this country will fail. Republicans...everyone does not share your values. Democrats...Everyone does not share your values. We have to co-exist if we are to remain a great country. How patriotic are you if we are hoping for the president demise in order to put your candidate in the white house no matter what the cost is? Hell even Reagan compromise with the democrats.

    And by the way, both parties share responsibility for these numbers. Please name one job bill or ideal that the republicans have place on the table that would put Americans to work right now. All I seen is jobs being loss due to spending cuts . Just look at all the public job being loss. Boehner himself said that if jobs are lost due to spending cuts then so be it.
    Few things.

    1. "How patriotic are you if we are hoping for the president demise in order to put your candidate in the white house"
    Okay, here's the deal. If you feel like a president's policies will have a negative effect, you are hoping for those policies to fail. That would mean that the negative effect never comes. That's a good thing. Hoping that a president fails to IMPLEMENT those policies, thereby destroying those negative effects....also a good thing. There are very few people who want the president to fail "no matter the cost". Those who do are hacks, and not representative of the whole.

    2. Public sector job loss = less government spending. Less on salary, benefits, work-space, etc. Less government spending = less debt. Private sector jobs are a net gain for the government in terms of revenue. Tax revenue via income tax, employer taxes, and economic contribution (corporate taxes on profits, etc). Loosing public sector jobs hurts inititally, but if the economy is bolstered in other ways it is a temporary hit and we'll be better for it in the long term.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    This is an example of the problems created when the government begins to have massive cuts during a recession, particularly when those cuts mean job losses.

    The more jobs the government cuts, the more consumers are taken out of the equation. The less consumers we have, the less we produce. The less we produce, the less likely we are to generate jobs. The less jobs we have the lower the revenue the government can collection from taxes. And the vicious cycle repeats.

    What we need is to stop shedding government jobs, raise taxes and pump out jobs through rebuilding American infrastructure.
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
    http://soulinblackandwhite.blogspot.com/

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Tettsuo View Post
    This is an example of the problems created when the government begins to have massive cuts during a recession, particularly when those cuts mean job losses.

    WHAT RECENT SPENDING CUTS caused these job losses?
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    ........thanks for playing......
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    .

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Goldenboy219 View Post
    Search my post history during the first month of the Obama presidency, and you will see a clear resemblance to that of the bold aspect of that quote.

    What we need(ed) is:largest public works construction program since the inception of the interstate highway system
    Such a stimulus plan would likely have delivered the greatest proverbial bang for the buck. Unfortunately, political considerations made it necessary for the program to be structured with low multiplier activities i.e., one-time payments to retirees, extension of the first-time homebuyer credit, etc. In addition, such a program would have improved U.S. infrastructure, which has been aging, and is falling behind the newer infrastructure in numerous rising economies. In the long-run, the infrastructure gap will also undermine U.S. competitiveness.
    Last edited by donsutherland1; 07-08-11 at 02:38 PM.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Tettsuo View Post
    This is an example of the problems created when the government begins to have massive cuts during a recession
    Cuts? As in SPENDING cuts?
    You know that there's been no such thing, right?

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Tettsuo View Post
    This is an example of the problems created when the government begins to have massive cuts during a recession, particularly when those cuts mean job losses.

    The more jobs the government cuts, the more consumers are taken out of the equation. The less consumers we have, the less we produce. The less we produce, the less likely we are to generate jobs. The less jobs we have the lower the revenue the government can collection from taxes. And the vicious cycle repeats.

    What we need is to stop shedding government jobs, raise taxes and pump out jobs through rebuilding American infrastructure.
    The FDR policy won't work with the modern structure. Using govt. jobs to bolster employment under FDR involved low-paying work designed to be temporary. Anything done today would most likely be permanent. Couple that with the fact that government workers average 1.5x the total salary & benefits of their private sector counter part and we have a program built to spill. Also, let's not forget that we have massive (1.49 estimated) budget deficits ahead of us (and recently behind us). The US govt. wasn't as far in debt or hemmoraging money as quickly inder FDR, either. We also already employ people in many of the positions originally utilized under the FDR program due to the expansions we made during economic booms. Or...we issue government grants in those areas where we didn't before. It's a completely different system. Aribitrarily creating millions of government jobs isn't the best solution, short term or long term.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    You DO mean on both sides, right?
    YES BOTH SIDES !!!! Even in bush years.

    That depends entirely on what those "things" are and the means to achieve them.
    I have absolutely NO issue with absolutely refusing to compromise on certain things.
    So it is okay to sacrifice the debt ceiling for Big Oil subsidies???? Really??? How does that benefit you or why would you fight for Big Oil?

    Bad news. Unless there is dramatic, even draconan, cuts in spending, especially entitlement spenidng - this country will fail.
    Long term that is true. But the way you guys are trying to do it is nuts. You demonize lower income people and treat the wealthy like they are innocent angels who does not cheat the government.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Badmutha View Post
    WHAT RECENT SPENDING CUTS caused these job losses?
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    .
    .
    ........thanks for playing......
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    Public Sector Job Cuts Threaten Recovery - US News and World Report

    http://blogs.forbes.com/afontevecchi...he-downsizing/

    You're welcome.
    Last edited by Tettsuo; 07-08-11 at 02:33 PM. Reason: Forgot another source
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
    http://soulinblackandwhite.blogspot.com/

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    I think what the Democrats will try to do is to ask for another stimulus under the banner of "Investment". It crystal clear that the president is in deep trouble. History does prove that no president has ever reelected with unemployment rate in 8% since 1936. The president has a lot of work to do to get this problem solved as soon as possible.

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