Good to see we finally hit a net positive month to outpace population growth.
Any data on what jobs are being created? I mean losing 100,000 high paying jobs and replacing them with 200,000 minimum wage jobs really isn't something to be excited over. If high paying jobs are disappearing and low paying jobs are replacing them, is that change we can believe in?
I can't seem to find any data on what jobs were lost and which were gained, except at the link provided:
Can anyone else find any data on WHAT these jobs are? I mean a bunch of new burger flippers are added to the economy and we re elect a president based on that? I'm just curious. I can't seem to find anything. I want it to be honest good news, but from what I'm hearing "down on the street" more and more people are being layed off. Teachers can't find work. I want people to have jobs, but I dont want them to think our idiot n chief had anything to do with it. Congress is responsible for the good or bad, and if they keep this congress because of false numbers that is going to piss off a lot of people.As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing.
Last edited by dontworrybehappy; 02-03-12 at 11:42 AM.
The report we received this morning is for information pertaining to the time period of the second week of December through the first week of January. It was captured by the BLS during the second week of January, and it took them over two weeks more to produce the reports .. which are presented today, the second month later, usually on the first Friday.
Not very many people realize this.
What this means is that the information still greatly reflects the increase in minimum wage holiday season jobs in production, distribution, and retail. These are not permanent living-wage jobs, and are thus substantitvely fairly meaningless.
The report we receive next month will be for the second week in January through the first week in February, and will reflect holiday layoffs.
The correct interpretation of this chart -- Table A-1. Employment status of the civilian population by sex and age -- still reflects a true national unemployment rate of roughly 14.5%.
It is also important to understand that we still suffer a great loss of buying power for the marjority, and that has not shown signs of recovery since we hit bottom in the fall of 2008. Tens of millions of Americans who once worked full-time at a living-wage are now working longer hours for less pay, working part-time barely getting by, or not working at all.
This is the direct result of off-shoring to wage-slavers .. which neither Obama or the House Repubs have put any real effort in addressing, paying lip service occasionally at best merely to placate voters.
When the election is over and we open our eyes, it will sadly be too late to wonder what the hell just happened.
I dont think it does. For instance.
If your a Dem.
Dem president/Rep congress = all good is credit to him. All bad is congress fault
Rep president/Dem congress = all good is credit to congress. All bad in presidents fault.
Dem president/Dem congress= previous presidents fault if something goes wrong
Rep president/Rep congress= all bad things are their fault. also applies to future problem. anything good is a result of the last dem congress or president.
If your a Republican
Dem president/Rep congress = all good is credit to congress. All bad in presidents fault.
Rep president/Dem congress = all good is credit to him. All bad is congress fault.
Dem president/Dem congress= all bad things are their fault. also applies to future problem. anything good is a result of the last dem congress or president.
Rep president/Rep congress= previous presidents fault if something goes wrong.
If Obama is re-elected, the economy will plunge, and our country will end. Obama's goal is to destroy us. He isn't "way over his head" as Romney claims.