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Thread: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Jetboogieman View Post
    Fantastic.

    Now that we've got that out of you.

    Do you really think it can be solved in just a couple of years?


    This meltdown was much more severe than most people realize, the fact there's any jobs being created at all is nothing short of a miracle, maybe because of Obamas policies... maybe not.

    But I can garauntee you, bigger tax cuts for the wealthy and de-regulation are not gonna help anything.
    Obama said himself if he did not have it fixed in three yrs he would be a one term president, I believe him.
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    Liberals - Tax, Borrow, Spend, and Give Free Stuff
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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Born Free View Post
    Obama said himself if he did not have it fixed in three yrs he would be a one term president, I believe him.
    I distinctly remember him saying that if he couldn't turn things around, he didn't *deserve* a second term. Guess he was just kidding.
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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Moderator's Warning:
    US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]There have been enough personal attacks in this thread to last an entire week. Cease with the baiting, flaming and attacks or else.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Jetboogieman View Post
    Do you really think it can be solved in just a couple of years?
    Solved, no... But substantial progress in recovering should have already taken place.

    But I can garauntee you, bigger tax cuts for the wealthy and de-regulation are not gonna help anything.
    Who's arguing for bigger tax cuts for the wealthy? I know I'm not. As for deregulation, that's a topic for another thread.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    Pete, you can dance and spin around the numbers all you like, but they're still crap. Using your timeline, back in July 2009 (the first month of the so called "recovery") the percent of the eligible workforce that was employed (the Employment-Population Ratio) was 59.3%, while today it is only 58.3%.

    That means that over $800 billion spent on the Obama stimulus and more than 3 years later, there's 1% fewer of our eligible workforce employed today than back then. That 1% translates into 2,435,660 people Pete.

    I'm sorry, but there's no way any rational person can call those results "successful"
    unless, of course, they maintain that only 50% would have been employed otherwise... or perhaps 45%... or if they have one of those jobs that were created by the stimulus and would otherwise be among the unemployed.
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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Dickieboy View Post
    I saw what you did!

    Now back to the point, the current administratin is 1,079m jobs behind...where are all these '4.5 million jobs created'? The numbers do not reflect them...
    The numbers I posted in post #103 are for Total nonfarm jobs (private and government sector) and they come from bls. Basically they represent everyone who is paid a salary for the job they perform. Someone who works on a farm is considered employed, but they are not paid a salary so they are not included.

    The 4.5 million figure includes private sector jobs only (no government jobs). They represent the sum of jobs from 2010 until the present.

    1-Month Net Change
    Series Id: CES0500000001
    Seasonally Adjusted
    Super Sector: Total private
    Industry: Total private
    NAICS Code: -
    Data Type: ALL EMPLOYEES, THOUSANDS
    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2009 -839 -725 -787 -802 -312 -426 -296 -219 -184 -232 -42 -120
    2010 -40 -27 141 193 84 92 92 128 115 196 134 140
    2011 119 257 261 264 108 102 175 52 216 139 178 234
    2012 277 254 147 85 116 63 162 103
    Bureau of Labor Statistics Data


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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by pbrauer View Post
    The numbers I posted in post #103 are for Total nonfarm jobs (private and government sector) and they come from bls. Basically they represent everyone who is paid a salary for the job they perform. Someone who works on a farm is considered employed, but they are not paid a salary so they are not included.

    The 4.5 million figure includes private sector jobs only (no government jobs). They represent the sum of jobs from 2010 until the present.

    1-Month Net Change
    Series Id: CES0500000001
    Seasonally Adjusted
    Super Sector: Total private
    Industry: Total private
    NAICS Code: -
    Data Type: ALL EMPLOYEES, THOUSANDS
    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2009 -839 -725 -787 -802 -312 -426 -296 -219 -184 -232 -42 -120
    2010 -40 -27 141 193 84 92 92 128 115 196 134 140
    2011 119 257 261 264 108 102 175 52 216 139 178 234
    2012 277 254 147 85 116 63 162 103
    Bureau of Labor Statistics Data
    Hey Pete, why don't you use ALL jobs created rather than cherry picking the catagory that best fits you agenda?

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by pbrauer View Post
    The numbers I posted in post #103 are for Total nonfarm jobs (private and government sector) and they come from bls. Basically they represent everyone who is paid a salary for the job they perform. Someone who works on a farm is considered employed, but they are not paid a salary so they are not included.

    The 4.5 million figure includes private sector jobs only (no government jobs). They represent the sum of jobs from 2010 until the present.

    1-Month Net Change
    Series Id: CES0500000001
    Seasonally Adjusted
    Super Sector: Total private
    Industry: Total private
    NAICS Code: -
    Data Type: ALL EMPLOYEES, THOUSANDS
    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2009 -839 -725 -787 -802 -312 -426 -296 -219 -184 -232 -42 -120
    2010 -40 -27 141 193 84 92 92 128 115 196 134 140
    2011 119 257 261 264 108 102 175 52 216 139 178 234
    2012 277 254 147 85 116 63 162 103
    Bureau of Labor Statistics Data
    Put down the Kool-Ade. If Obama had to carry the same LFPR (labor force participation rate) now, as when he took office, the U-3 is 11.4%. Not the 8.1 snow-job we were fed today.

    Do liberals even care about anything except the free-stuff gubmit teat in their mouths for another cycle ?

    Your guy is a ****ing disaster. Man-up for once Obamabots.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    Of course not, but it wasn't Bush's fault either. That economic collapse was decades in the making.
    There you go....decades in the making alright. But since Obama hasn't gotten us and the World out of it in 3 years, he's a failure. This one was bad, the already over indebted middle class were hit with a $6.5 Trillion loss from the housing bubble on top of the Wall street collapse. We will get out but not with mumbo jumbo or magic wands but with invesment in our Country not in the wealthy. Have faith. We are still growing unlike most of the free world.

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    Re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    The average jobs lost per month from 2009-2012 (using the statistics from the Bureau of Labor) is 10,875. We need to generate at least 130,584 jobs per month to keep up with population growth. Overall, we haven't been growing, we've been in a decline. Unless my math is completely off, 2002-2008 saw greater job creation (at 43,560 average jobs created per month), than 2009-2012, but it was still sub-par.

    Bureau of Labor Statistics Data

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