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August Jobs Report: 96,000

The Prof

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Payrolls in U.S. Increased Less Than Forecast in August - Bloomberg

Payrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery.
The economy added 96,000 workers last month following a revised 141,000 increase in July that was smaller than initially estimated, Labor Department figures showed today in Washington. The median estimate of 92 economists surveyed by Bloomberg called for a gain of 130,000. Unemployment fell to 8.1 percent, and hourly earnings were unchanged.

96,000 net, about half of what's needed simply to keep up with population growth

368,000 dropped out

participation rate 63.5%, lowest since 1981, down from 63.7

male participation lowest since 1948

manufacturing net -15,000, worst in 2 years

auto -7500

hourly earnings unchanged---58% of all jobs created during the "recovery" earn between 10 and 12 dollars per hour

june and july, already weak, revised down an additional 41,000

last nite president punt pleads for patience

this morning---"headwinds"

no spin, lynn

seeya at the polls, paula
 
More good news for folks on the freeway.
 
So let us see, the fix obama made a few years back is still helping to create jobs? That is what you are saying.

So instead of sticking with the choice that is actually helping to create jobs and recover our economy you want people to switch to a guy who wants to go back to The economic policies that gave us the crash of 2008, and the recession of the 80's? You want us to go with a guy who wants to increase pentagon spending by 2 billion, cut taxes for the rich by a lot of money, and claims he will cover all that by closing a couple of loopholes in the tax code he won't mention? He wants to cut grants for new businesses, and funding for development of new ideas and products. He wants to get rid of our teachers, cops, and firemen.

Perhaps there is a better plan for making the economy grow faster. it certainly is not going back to the way that caused it to fail. Mitt has offered no explanation as to how he will actually make things better, and i doubt that he even has thought about it. he has one purpose, to make things better for him and his rich friends. That is what he has done at bain, and he is running on that record. Slow growth is better than collapse. Find us someone who has an actual plan that he can tell us about which has a chance of working, and then we have a debate. Until then Obama's way is working better than the way used by the last president. There is no reason to return to GWB's plan which failed us and will return us to staggering job losses. As Clinton put it the score is Obama 4.5 million to republican's 0. I will go with the winner there.
 
Let me begin by saying I'm not a firm Romney or Obama supporter, that being said

and claims he will cover all that by closing a couple of loopholes in the tax code he won't mention? He wants to cut grants for new businesses, and funding for development of new ideas and products.

C'mon, seriously? Romney wants to cut programs that everyone (even liberal analysts) say are not doing the tasks they are supposed to do with well over the money they were supposed to do it in.

He wants to get rid of our teachers, cops, and firemen

Really? You went there? You know this to not be true, you're being incredibly hyperbolic which basically negates your points as having any validity.
 
Payrolls in U.S. Increased Less Than Forecast in August - Bloomberg



96,000 net, about half of what's needed simply to keep up with population growth

368,000 dropped out

participation rate 63.5%, lowest since 1981, down from 63.7

male participation lowest since 1948

manufacturing net -15,000, worst in 2 years

auto -7500

hourly earnings unchanged---58% of all jobs created during the "recovery" earn between 10 and 12 dollars per hour

june and july, already weak, revised down an additional 41,000

last nite president punt pleads for patience

this morning---"headwinds"

no spin, lynn

seeya at the polls, paula

Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%.... :shock:
 
Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%.... :shock:

Unfortunately the chronically unemployed might :(. At this point they probably feel disenfranchised though :(.
 
Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%.... :shock:
Unemployment is nowhere NEAR 8%. The only reason the numbers show 'improvement' is another 400,000 people have been out of work for so long they are no longer eligible for any type of benefits.
 
Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%.... :shock:

Wow,just wow.....
 
Unemployment is nowhere NEAR 8%. The only reason the numbers show 'improvement' is another 400,000 people have been out of work for so long they are no longer eligible for any type of benefits.

Actually, they are simply not actively looking for work and dropped out of the "labor force".

Some retired...
Some gave up looking...
Some died...
Some won the lottery...
Some, well you get the idea...

Receiving "unemployment benefits" is not a factor in calculating the "Unemployment Rate".

Let me break it out for you...

No President has ever been re-elected with an unemployment rate over 8%... Current rate is 8.1%.... :shock: You can dispute the number all you want...

LOL
 
Actually, they are simply not actively looking for work and dropped out of the "labor force".

Some retired...
Some gave up looking...
Some died...
Some won the lottery...
Some, well you get the idea...

Receiving "unemployment benefits" is not a factor in calculating the "Unemployment Rate".

Let me break it out for you...

No President has ever been re-elected with an unemployment rate over 8%... Current rate is 8.1%.... :shock: You can dispute the number all you want...

LOL

Real unemployment is 15% :)

'Real' Unemployment Rate Shows Far More Jobless - US Business News - CNBC
 
Happy about 15% unemployment? What a patriot you are.

But, aside from giving you a warm and fuzzy feeling, "real unemployment" is irrelevant to vast majority of voters.

No I am NOT happy about 15% unemployment as I have many co-workers that were recently laid off and I know many more that cannot find work.

the smiley face was sarcasm.
 
Actually, they are simply not actively looking for work and dropped out of the "labor force".

Some retired...
Some gave up looking...
Some died...
Some won the lottery...
Some, well you get the idea...

Receiving "unemployment benefits" is not a factor in calculating the "Unemployment Rate".

Let me break it out for you...

No President has ever been re-elected with an unemployment rate over 8%... Current rate is 8.1%.... :shock: You can dispute the number all you want...

LOL
I'll go you one further. I have always said I believe Obama will be reelected. I dont think Romney is a strong enough candidate and I think there are too many blind morons out there that vote party ideology. That doesnt change the fact that there are idiots celebrating in the streets ignoring just how truly bad it is and how truly BAD he is at the job. Celebratory dances over the unemployment rate and people simply falling off the roles and no longer having to be counted is...well...moronic.
 
January 2009 jobs report:

Minus 820,000
 
Some of you Americans are quite a whiny group aren't you?

Wah! The Greatest Recession since the great depression and he can't fix it fast enough! Wah! FIX IT! FIX IT! FIX IT! I know it took 30 years to build to this time but FIX IT DAMMNIT... BUT GOVERNMENT CAN'T FIX ANYTHING BUT FIX IT Damnabbit.
 
Some of you Americans are quite a whiny group aren't you?

Wah! The Greatest Recession since the great depression and he can't fix it fast enough! Wah! FIX IT! FIX IT! FIX IT! I know it took 30 years to build to this time but FIX IT DAMMNIT... BUT GOVERNMENT CAN'T FIX ANYTHING BUT FIX IT Damnabbit.

Nobody ever said Government cannot fix anything lol
 
Some of you Americans are quite a whiny group aren't you?

Wah! The Greatest Recession since the great depression and he can't fix it fast enough! Wah! FIX IT! FIX IT! FIX IT! I know it took 30 years to build to this time but FIX IT DAMMNIT... BUT GOVERNMENT CAN'T FIX ANYTHING BUT FIX IT Damnabbit.

There is one way government can help fix this. They can rewrite our environmental and labor laws. We need to compete against China, so we need our playing field to look like theirs.
 
There is one way government can help fix this. They can rewrite our environmental and labor laws. We need to compete against China, so we need our playing field to look like theirs.

Yeah... lets be more like China!

I can't wait to work in a factory for 20 hours a day for **** all pay in a smog filled city where my children will likely get breathing problems... where do I sign up?

Why didn't we think of this before.
 
obama failed to mention the s-word last nite, it's obscene

Just don't call it a 'stimulus' - Alexander Burns - POLITICO.com

Obama wants to boost economy - just don't call it stimulus - Sep. 3, 2010

Barack Obama's economic proposals: Just don't call it stimulus | The Economist

the presidential punter equally tried to forget what he calls the patient protection and affordable care act

the rest of america knows ppac as obamacare, do you think they'll forget?

he also refused to say whether he thought the 315 million citizens of this country, as well as goodness knows how many illegals, are or are not better off than when he stood before those plastic greek columns 4 years ago at sold out invesco field

he's certainly not better off

his arena is not all that's downsized

President Barack Obama accepted the nomination for a second term Thursday with a speech that summed up the downsized expectations of 2012: There was a little hope, not a lot of change and heaps of mockery for Mitt Romney.

The gray-templed incumbent, in a noticeably less buoyant mood than he was four years ago in Denver, invoked the transformational legacy of FDR to justify his reelection. But the reality check of George H.W. Bush lurked in crevices of his text, as he implored a wary and worried electorate to stay the course, or risk a Romney presidency.

Many Democrats, from Nancy Pelosi to James Carville, had urged Obama to rise above the negativity of his street fight with Romney and articulate an affirmative rationale for reelection rooted in a roster of audacious policy proposals. He didn’t. Instead, he offered a hybrid of gritted-teeth optimism, hammer-blow attacks on Romney’s foreign policy inexperience and relatively modest policy goals — including a vow to create 1 million new manufacturing jobs.

Obama convention speech: Downsizing the dream - POLITICO.com

a million manufacturing jobs?

factories employed 15000 net fewer jobs in august, worst showing in 2 years

james serpenthead carville, diehard clintonista: "it was certainly not the best speech of the convention"

bubba, despite his obvious flaws, like being a serial abuser of women, at least knows how to look like a president

in comparison, the punter appears, well, like a harvard professor talking texts with the other patched elbows in the faculty lounge

ie, completely out of his element

leadership?

2011: President's budget sinks, 97-0 - The Hill | TheHill.com

2012: Obama budget defeated 99-0 in Senate - Washington Times

2012: Obama budget defeated 414-0 - Washington Times

how embarrassing
 
Happy about 15% unemployment? What a patriot you are.

But, aside from giving you a warm and fuzzy feeling, "real unemployment" is irrelevant to vast majority of voters.

You must be delusional.
 
from the print partners of msnbc, this morning:

President Barack Obama’s convention honeymoon lasted all of eight hours.

As soon as the president jetted out from a mostly successful convention here, he had to address another dismal jobs report suggesting the entire rationale for his campaign — that the economy is moving in the right direction, so just hold on tight — might be dead wrong.

The latest jobs report showed the nation added just 96,000 jobs in August, a big drop from July and well below expectations. The unemployment rate dropped from 8.3 percent to 8.1 percent, but it did so for the worst possible reason: discouraged workers dropping out of a shrinking labor force.

There was nowhere to hide in a report that painted a picture of an anemic economic recovery that seems unable to take flight and ease the lingering concern among voters that a president they still like personally has nonetheless failed in his main task of boosting growth and jobs. The poor report from the Labor Department took on added significance for Obama after a convention acceptance speech that received decidedly mixed reviews — even from sympathetic Democrats in Charlotte — and included nothing new in the way of policy initiatives or fresh approaches to job creation.

Obama on Friday returned to his consistent theme that while growth is not fast enough, the nation has now created more than 4 million new jobs in 30 straight months of employment growth since the crisis bottomed out in 2010.

Politico: Jobs report challenges Obama

those 4 million jobs president punt pounds his chest over, 58% of em, earn between $7.69 and $13.83

Majority of new jobs in recovery are low-paying, study finds - latimes.com

middle class incomes have fallen (some $4000) nearly TWICE as fast AFTER the end of the recession than they declined DURING the deepest dark days of this dismal barack hussein obama "recovery"

Household income fell 4.8% during economic recovery, study finds - latimes.com

are these people lying to you?

ap, aug 15: U.S. Economic Recovery Is Weakest Since World War II

The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression. Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.

America's gross domestic product – the broadest measure of economic output – grew 6.8 percent from the April-June quarter of 2009 through the same quarter this year, the slowest in the first three years of a postwar recovery. GDP grew an average of 15.5 percent in the first three years of the eight other comebacks analyzed.

Consumer spending has grown just 6.5 percent since the recession ended, feeblest in a postwar recovery. In the first three years of previous recoveries, spending rose an average of nearly 14 percent.

The economy shed a staggering 8.8 million jobs during and shortly after the recession. Since employment hit bottom, the economy has created just over 4 million jobs. So the new hiring has replaced 46 percent of the lost jobs, by far the worst performance since World War II. In the previous eight recoveries, the economy had regained more than 350 percent of the jobs lost, on average.

Never before have so many Americans been unemployed for so long three years into a recovery. Nearly 5.2 million have been out of work for six months or more. The long-term unemployed account for 41 percent of the jobless; the highest mark in the other recoveries was 22 percent.

Adjusted for inflation, wages have fallen 0.8 percent. In the previous five recoveries - the records go back only to 1964 – real wages had gone up an average 1.5 percent at this point.

romney on friendly fox pounced:

"after the party last night, the hangover today, for almost every net new job created approximately four dropped out of the workforce”

"real incomes, real wages are also not rising, there's almost nothing the president has done in the past four years that gives the American people confidence that he knows what he’s doing when it comes to jobs and the economy”

"he laid out a few new promises, but the old promises he gave he didn’t report on... because he was unable to fulfill the old promises”

ryan in LA:

"if borrowing and spending and regulating and taxing were the secret to economic success, we would be entering a golden age along with greece"

"it's not, it doesn't work, we need sound money, low tax rates, fiscal discipline, regulatory certainty, and we need to stop this notion of a government-driven economy"

"obama promised that his more than $800 billion stimulus program would pull unemployment down closer to 6 percent, but it has remained above 8 percent throughout his term in office"

"this is not even close to what recovery looks like," concluded the wonk

'This Is Not What Recovery Looks Like': Ryan Tells CNBC - U.S. Election 2012 - CNBC

not what a recovery looks like---isn't that what ap said?

actually, it's not even ap doing the talking, it's more what bill clinton would call "arithmetic"
 
There is one way government can help fix this. They can rewrite our environmental and labor laws. We need to compete against China, so we need our playing field to look like theirs.
Instead of trying to compete with CHina over pollution, why don't we just stop sending our jobs over there and compete for a better economy?
 
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