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August Jobs Report: 96,000

avusbluem5 said:
But, aside from giving you a warm and fuzzy feeling, "real unemployment" is irrelevant to vast majority of voters.
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How interesting, that you think the electorate is too stupid to be aware of the conditions of the economy that they are living in.

:) Thank you for educating us so aptly on the left-wing opinion of the American citizen :)
 
Hairytic said:
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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:doh why didn't we think of that before! we'll just press the "More Jobs" button on the Presidents' Desk, and cost/productivity efficiency levels will magically reverse themselves!!!


Oh man, hairytic, we need to get you on the Presidential Economic Team stat!



Ok, so, that was sarcasm. In reality, when we trade with China, we increase the wealth of BOTH nations. :)
 
cpwill said:
:doh why didn't we think of that before! we'll just press the "More Jobs" button on the Presidents' Desk, and cost/productivity efficiency levels will magically reverse themselves!!!


Oh man, hairytic, we need to get you on the Presidential Economic Team stat!



Ok, so, that was sarcasm. In reality, when we trade with China, we increase the wealth of BOTH nations. :)
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Oh, you mean that button that instantly changes our economic system to allow people to be able to live on 5 cents an hour with 80 hour work weeks? That button?
 
cpwill said:
How interesting, that you think the electorate is too stupid to be aware of the conditions of the economy that they are living in.

:) Thank you for educating us so aptly on the left-wing opinion of the American citizen :)
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Pew Research Poll indicates 57% of voters know the current unemployment rate.

Now, if only 57% are aware of the most common unemployment statistic... how many do you think know about the U-6 rate?

Well Known: Clinton and Gadhafi; Little Known: Who Controls Congress | Pew Research Center for the People and the Press
 
KopeAcetic said:
Let me begin by saying I'm not a firm Romney or Obama supporter, that being said



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.
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He needs a lot more than that to cover huge increases in defense spending through the pentagon, and cutting taxes further on corporations and the rich. Think about it, the money has to come from somewhere. In Mitt;s case it is not defense. It is not the rich, it is not the corporations, so who is left to pay for those things? The money does not magically get there. When you are cutting tax revenue further like he wants to do for the rich you have to get the money from somewhere. Honestly, I don't think mitt will get it from the people, he will borrow it. In 4 or 8 years it is someone else's problem, and we see how he deals with that in the past.

KopeAcetic said:
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.
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Do you think they are going to work for free? he wants to cut spending in all of those areas, and that means job cuts.
 
Sure it's disappointing that only 96,000 jobs were created, however we must remember that the month Obama took office there were 818K jobs lost. And because of the financial meltdown of the economy all the credit markets were frozen in the first year Obama was in office. Also during 2007 the average monthly increase was only 92K jobs were created and during 2008 an average 0f 300K jobs were lost per month.

From bls:

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
1-Month Net Change

Series Id: CES0000000001
Seasonally Adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS
Years: 2001 to 2012

YearJanFebMarAprMayJunJulAugSepOctNovDec
2001-1563-28-282-44-128-125-155-243-331-295-178
2002-129-146-24-84-947-100-11-551218-163
200395-159-213-49-9025-4510919714119
200416244337249310814612216134863134
20051372401413601702433741936680334160
20062833162831811476209183157-9204171
2007236931907213975-40-18737911289
200841-84-95-208-190-198-210-274-432-489-803-661
2009-818-724-799-692-361-482-339-231-199-202-42-171
2010-40-35189239516-167-58-51-27220121120
201111022024625154849685202112157223
201227525914368874514196
 
pbrauer said:
Sure it's disappointing that only 96,000 jobs were created, however we must remember that the month Obama took office there were 818K jobs lost.
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Oh, we DO "remember" that it was 43 months ago. Over 3 1/2 years.

And after "Recovery!" has been declared multiple times.
 
Harshaw said:
Oh, we DO "remember" that it was 43 months ago. Over 3 1/2 years.

And after "Recovery!" has been declared multiple times.
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And how many times did President Bush tell the American people that the war in Iraq was over?
 
pbrauer said:
And how many times did President Bush tell the American people that the war in Iraq was over?
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From my formulation of Obama 2012: The Campaign:

1) BIN LADEN!

2) Change subject to Bush.

Sometimes step 1 is optional, apparently.
 
pbrauer said:
And how many times did President Bush tell the American people that the war in Iraq was over?
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So you agree that Obama is just as dishonest as you say Bush was. Well, that's some progress toward truth, ain't it?
 
pbrauer said:
Sure it's disappointing that only 96,000 jobs were created, however we must remember that the month Obama took office there were 818K jobs lost. And because of the financial meltdown of the economy all the credit markets were frozen in the first year Obama was in office. Also during 2007 the average monthly increase was only 92K jobs were created and during 2008 an average 0f 300K jobs were lost per month.

From bls:

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
1-Month Net Change

Series Id: CES0000000001
Seasonally Adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS
Years: 2001 to 2012

YearJanFebMarAprMayJunJulAugSepOctNovDec
2001-1563-28-282-44-128-125-155-243-331-295-178
2002-129-146-24-84-947-100-11-551218-163
200395-159-213-49-9025-4510919714119
200416244337249310814612216134863134
20051372401413601702433741936680334160
20062833162831811476209183157-9204171
2007236931907213975-40-18737911289
200841-84-95-208-190-198-210-274-432-489-803-661
2009-818-724-799-692-361-482-339-231-199-202-42-171
2010-40-35189239516-167-58-51-27220121120
201111022024625154849685202112157223
201227525914368874514196
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See how easy that was to use the correct numbers Pete?

Putting that aside, you still ignore the fact that the percentage of the available American workforce that's employed is WAY down and the number of jobs created isn't even keeping up with population growth.
 
As I had posted in the the other thread, here's a stark graphic illustration of one of the most important aspects of employment:

Employment-Ratio-580.png
 
Josie said:
So you agree that Obama is just as dishonest as you say Bush was. Well, that's some progress toward truth, ain't it?
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I said earlier that if the best you can do is compare him to whom you consider The Worst President In History (TM), you've got no argument at all.
 
Harshaw said:
As I had posted in the the other thread, here's a stark graphic illustration of one of the most important aspects of employment:

Employment-Ratio-580.png
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When the recession ended in june 2009, we had 59.4 percent still working... Three years of Obama recovery later, it's only gotten worse. As of August, the rate was continuing to fall and is down to 58.3%.
 
Grim17 said:
See how easy that was to use the correct numbers Pete?
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I posted those numbers in your thread see post#126.

Putting that aside, you still ignore the fact that the percentage of the available American workforce that's employed is WAY down and the number of jobs created isn't even keeping up with population growth.
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Is it the job of the POTUS to keep this up?
 
Strucky said:
Nobody ever said Government cannot fix anything lol
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That's been the basic premise the GOP has run on since Reagan and his wonderful quote of:


"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"​
 
poweRob said:
That's been the basic premise the GOP has run on since Reagan and his wonderful quote of:


"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"​
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The problem is that Government isnt very good at fixing problems and I think thats the point of Reagan's famous quote.
 
I think the plan Obama set forth with manufacturing incentives is a good one and needs implemented immediately. Want to know why all the iPhones are made in China and not USA? It isn't wages. A iPhone wholesale without a contract is $500. It cost $180 to make one. In that equation a small percent is the Foxconn Chinese wages. If apple was building these things in USA it would barely cut into their profits to hire a bunch of workers making $15 and a bunch of engineers and middle management making a grand or more a week. Not only that, the fact that many of the phones materials come from USA would improve shipping cost. So what gives? China's government heavily subsidizes and grants huge amounts of cash to Foxconn to make these massive factories. Part of Obamas plan actually is a solution to this, and of implemented along with some compromise with Republicans on regulations the back of our iPhones could have "assembled in USA" laser etched on the back of it.
 
Strucky said:
The problem is that Government isnt very good at fixing problems and I think thats the point of Reagan's famous quote.
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Worth noting: unless the "problem" is that something needs to be broken. We in the government are great at breaking things :thumbs:
 
JohnWOlin said:
I think the plan Obama set forth with manufacturing incentives is a good one and needs implemented immediately. Want to know why all the iPhones are made in China and not USA?
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Because that is what best allows the company to provide a superior product at a lower price.

however, it's interesting:

...A report written by three U.S. professors showed that only about “$10 or less in direct labor wages goes into an iPhone or iPad is paid to Chinese workers.”

The report points out that while the Apple products – including components – are manufactured in China, the primary benefits go to the U.S. economy because Apple continues to keep most of its product design, software development, product management, marketing and other high-wage functions in the U.S., not China.

China’s role is more of an assembler....

Kenneth Kraemer, a professor from the University of California, said that most consumers don’t understand how Apple’s global supply chain works. “They focus only on the trade deficit with China, and therefore they think China has a bigger role. What they don’t understand is that China gets all sorts of input from other countries from Japan, the U.S., Malaysia and so on. China’s contribution is really a small amount of labor,” Kraemer was quoted as saying in the paper.
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So... global supply chain wherein the best and most lucrative parts are here in the US? That sounds like a plan to me :).

China's government heavily subsidizes and grants huge amounts of cash to Foxconn to make these massive factories. Part of Obamas plan actually is a solution to this,
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Actually that is incorrect. The administrations' policies thus far have made it more difficult and expensive to build plants here in the United States, not less. The Administrations "solution" to this, which is to try to make it more difficult and expensive to build plants overseas is no solution at all, but rather exacerbates the problem while adding increased incentive for investor flight from the US.
 
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