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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    That is simply false. Not even close to reality. It's sad to see how easily duped some people are.

    People who drop out of the labor force because they hadn't looked for a job for a few weeks (four, to be exact), are called "marginally attached workers" ...


    Marginally attached workers - definition

    Persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months (or since the end of their last job if they held one within the past 12 months), but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Discouraged workers are a subset of the marginally attached. (See Discouraged workers.)

    Currently, there are 2,809,000...

    Marginally attached workers - thousands


    Not saying that number isn't too high -- just saying it's nowhere near 6½ million.
    “The most surprising thing is the length of time people have been out of work,” said Hugh Bailey, head of satellite operations for Washington’s Department of Employment Services, where municipal crews are using a mobile van made by Winnebago Industries Inc. to find people. “We ask, ‘How long have you been out of work?’ and may hear, ‘Three, four, or five years.’”

    The lowest U.S. jobless rate in three years hasn’t changed the long-term picture for millions of Americans: about 5.5 million haven’t worked for 27 weeks or more and are still looking -- making up 42.9 percent of the total unemployed pool. Another 2.8 million are too discouraged to actively look for work in recent weeks or have other reasons for not wanting to be in the labor force, according to non-seasonally adjusted data released Feb. 3 by the Labor Department.

    “The labor market is still worse than the official unemployment rate would suggest,” said Henry Mo, an economist at Credit Suisse Group AG in New York.

    Unemployment fell to 8.3 percent in January from 9.1 percent a year earlier, and payrolls increased by 243,000 workers, extending from professional services and hospitality to manufacturing. Job gains haven’t done much to boost the percentage of the population participating in the labor force: 63.7 percent, the lowest level in three decades. Last month’s drop in the participation rate reflected adjustments to the labor force count resulting from the 2010 census.
    Labor-force Loss Prompts Search of U.S. Churches: Economy - Businessweek
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    I don't know how you missed this, so here it is again ...

    Who do you think is more responsible for the country’s current economic problems – (Barack Obama) or (George W. Bush)?

    • Bush: 54%
    • Obama: 29%
    • Both: 9%
    • Neither: 6%


    Washington Post-ABC News Poll, 1/12-15/2012, 1000 adults. MoE 3.5


    Btw, GDP was higher in 2010 because of ARRA, which helped prop up the economy.
    Just goes to show what a good personality, smile, and flowery rhetoric will get you, poor leadership and a lame recovery yet that doesn't matter to far too many. Another four years of micromanagement and futher creation of the nanny state should work out quite well for you

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    ...the economic conditions Obama inherited certainly weren't worse than the economic conditions of 1981/82
    Repeating bull**** doesn't make it shinola.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Jryan View Post
    Yes but we have a general improvement...
    If you spent as much money as Obama and generated these kind of results you would be fired. Obama took office with a debt of 10.6 trillion dollars that is now 15.2 trillion which is now equal to your yearly GDP. 2012 deficit is projected at 1.1 trillion dollars more. Think about it and the effects of that debt service when the interest rates rise. This country is rapidly turning into Greece and that isn't an improvement

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Repeating bull**** doesn't make it shinola.
    Sorry if those bull**** facts get in the way of your opinion and lack of understanding of leadership.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    Just goes to show what a good personality, smile, and flowery rhetoric will get you...
    Interestingly enough, that was not unlike the reason you gave of how Reagan lifted us out of the 1981-82 recession.

    "Leadership is as much about attitude and cheerleading as it is about policy. Reagan was on TV touting the greatness of Americans, his rhetoric along with his actions motivated the private sector to create jobs and to feel great about their opportunities and this country." ~ Conservative

    Quote Originally Posted by Conservative View Post

    poor leadership and a lame recovery yet that doesn't matter to far too many. Another four years of micromanagement and futher creation of the nanny state should work out quite well for you
    You must be ignoring this poll, why is that?


    Who do you think is more responsible for the country’s current economic problems – (Barack Obama) or (George W. Bush)?

    • Bush: 54%
    • Obama: 29%
    • Both: 9%
    • Neither: 6%


    http://www.washingtonpost.com/wp-srv/politics/polls/postabcpoll_011512.html"]Washington Post-ABC News Poll, 1/12-15/2012, 1000 adults. MoE 3.5[/URL]

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    If you spent as much money as Obama and generated these kind of results you would be fired. Obama took office with a debt of 10.6 trillion dollars that is now 15.2 trillion which is now equal to your yearly GDP. 2012 deficit is projected at 1.1 trillion dollars more. Think about it and the effects of that debt service when the interest rates rise. This country is rapidly turning into Greece and that isn't an improvement
    You spun that so far I don't even know where we are.
    I'm coming to see that no matter what law we regulate, be it the stand your ground act, there is never an objective morally right answer to any morale question; in fact, since there are multiple objectively right answers to every moral question that leaves us with a lot of grey area and a lot of black area (not in the racial since).
    -Jryan

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Interestingly enough, that was not unlike the reason you gave of how Reagan lifted us out of the 1981-82 recession.

    "Leadership is as much about attitude and cheerleading as it is about policy. Reagan was on TV touting the greatness of Americans, his rhetoric along with his actions motivated the private sector to create jobs and to feel great about their opportunities and this country." ~ Conservative


    You must be ignoring this poll, why is that?


    Who do you think is more responsible for the country’s current economic problems – (Barack Obama) or (George W. Bush)?

    • Bush: 54%
    • Obama: 29%
    • Both: 9%
    • Neither: 6%


    http://www.washingtonpost.com/wp-srv/politics/polls/postabcpoll_011512.html"]Washington Post-ABC News Poll, 1/12-15/2012, 1000 adults. MoE 3.5[/URL]
    Jan-09 Jan-12
    Unemployment 12049 12754
    Discouraged 734 1059
    Private Sector Emp 133563 131900
    Labor Force 154236 154395
    Total Employment 142187 141637

    Obama today has a net job loss
    Obama today has a declining labor force
    Obama today has fewer people employed than when he took office
    Obama today has almost a million discouraged workers which he has averaged over the past three years
    Obama today has a U-6 unemployment of 15.2% or 24 million unemployed/under employed Americans
    Obama today has added 4.6 trillion dollars to the debt in 3 years
    Obama today spent over 842 billion in a stimulus plan that failed
    Obama today has a higher misery index than when he took office
    Obama today has participated in crony capitalism and wasted billions of taxpayer dollars trying to pick winners in the private sector
    Obama today has promoted class warfare and demonized individual wealth creation
    Obama today has seen record numbers in poverty and record numbers of people on food stamps
    Obama today still claims he brought this country back from the brink of financial collapse when TARP did that and it was Bush's legislation
    Obama today claims he saved the auto industry by taking over GM/Chrysler ignoring that Ford took no bailout money nor did any other Auto Manufacturer. Taxpayer losses will be in the billions
    Obama today has wasted the repayment of TARP and never used the money to pay down the deficit

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Jryan View Post
    You spun that so far I don't even know where we are.
    Great, since it is spin you shouldn't have any trouble proving it wrong. Good luck

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    If you spent as much money as Obama and generated these kind of results you would be fired. Obama took office with a debt of 10.6 trillion dollars that is now 15.2 trillion which is now equal to your yearly GDP. 2012 deficit is projected at 1.1 trillion dollars more. Think about it and the effects of that debt service when the interest rates rise. This country is rapidly turning into Greece and that isn't an improvement
    Well not only is he not fired, it's looking more and more like he's going to be re-hired. Not that anything can't happen between now and the election, but for now, his lead over his rivals is up, his job approval rating is up, quarterly GDP is rising, employment is rising. Unless some calamity befalls us before November, which I have no doubt you are hoping and praying for, you're gonna have the pleasure of whining for another 4 years.

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