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Thread: Employers add no net jobs in Aug.; rate unchanged

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    I can tell you what they're not .... retired baby boomers.
    Unemployment rate today 16.2% with 25 million unemployed and underemployed Americans. That is the Obama record

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote j-mac


    But, if we never left the recession, one has to ask why is that? We have been in a Keynesian experiment since January of 2009. It has clearly failed, and no increase of the Keynes model is going to magically work.

    The stimulus should have been twice what it was. The stimulus should have been more on infrastructure, rebuilding bridges upgrading schools. I could go on but I’m sure you get the message. I eagerly await you talking points in rebuttal.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    Thank you for returning some sanity to the thread. I have no idea why I allow the left to get me off track like they do but I really get tired of the diversion from the facts. Please keep me on track if you can with posts like this one.
    If you think that was sane, then hopefully you will answer how the U3 unemployment rate remained the same if there were no jobs gained last month, given we need to have a net gain of at least 150,000 jobs just to keep the unemployment rate level?
    Last edited by Sheik Yerbuti; 09-12-11 at 03:27 PM.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by winston53660 View Post
    thanks, no problem, discouraged workers aren't counted as unemployed and thus makes the unemployment rate look better than what it actually is. The current U-6 is 16.2% with 25 million plus unemployed and under employed Americans, up 3 million over the number he inherited.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    If you think that was sane, then hopefully you will answer how the U3 unemployment rt remained the same if there were no jobs gained last month, given we need to have a net gain of at least 150,000 jobs just to keep the unemployment rate level?
    Very simple the labor force increased because discouraged workers jumped back in for the job hunt so the labor force increased and the unemployment number didn't decrease enough to change the rate. Labor force up, unemployment numbers down a little but not enough to make a change. the real rate is 16.2%

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    Very simple the labor force increased because discouraged workers jumped back in for the job hunt so the labor force increased and the unemployment number didn't decrease enough to change the rate. Labor force up, unemployment numbers down a little but not enough to make a change. the real rate is 16.2%
    You're not making sense, Con ... there were 142,000 fewer discouraged workers last month but the labor force increased by 366,000 ... so how do you account for that additional 224,000 thousand who bumped up the labor force?

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    You're not making sense, Con ... there were 142,000 fewer discouraged workers last month but the labor force increased by 366,000 ... so how do you account for that additional 224,000 thousand who bumped up the labor force?
    Yes, those 142,000 then were added back to the labor force taking that number up. In addition more people joined the labor force from other sources as well. The fact remains, BLS shows a 16.2% U-6 Rate and that is a better picture of the economy.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Here is an interactive jobs chart that will be helpful to this discussion.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    I have no idea why I allow the left to get me off track like they do but I really get tired of the diversion from the facts.



    The ole Geraldine defense eh?The devil made me do it.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by j-mac View Post
    I am coming to one conclusion after browsing back through the 176 plus pages of posts on this thread. It is, that the opening posting laid out a fact. and that fact is that employers added NO NET JOBS in the month of August. Also as of late this supposed 'summer of recovery' is a huge flop. Nothing has recovered, and I am thinking that we never left the recession.

    In all that, Demo's blame repubs, and repubs blame demo's. and on, and on, and on.....pfft!!!

    But, if we never left the recession, one has to ask why is that? We have been in a Keynesian experiment since January of 2009. It has clearly failed, and no increase of the Keynes model is going to magically work.

    2012 is going to be a referendum on this no matter what demo's say....For it not to be would be dishonest, and go against every 2nd term election this country has ever held. Obama is failing in an epic fashion, and one year and three months from now should he not address his failures and actually start adopting proven policies that work, he will lose.

    j-mac
    I asked you early on and you didn't answer, but you believe government is the answer, right? The only way you can blame government is if you see government as having control. If it bothers you that government hasn't fixed this, you have to be arguing that government should do more. The only thing government can do about jobs is to hire people. Otherwise, the problem lies with private sector employers who, despite many making good profit, have yet to hire. And no, tax cuts don't lead to hiring (antisipating your response). We know that because people have looked at that specifically and found no evidence tax cuts lead to hiring.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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