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Thread: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by cpwill View Post
    Given that growth is sputtering at barely above 1%, whereas the post-war average for growth in a recovery is about 5 hundred times that amount, yes, it does indeed speak for itself.




    Obama has done a worse job than every other president in the post-war era:





    and so on and so forth ad nauseum. there is good reason for why people still think we are in a recession.
    Let's not forget:

    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    912x661xPopulationandJobs014.png.pagespeed.ic.n3C-rTAnvA.jpg

    More of that big picture... and it's not rosy.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by AdamT View Post
    I hate to break this to you, Podna, but like the U3 rate, U6 is below where it was during Obama's first full month in office (15.1%).
    And the rate is still 1.2% higher then it was during GWB's last full month in office. And he was a horrible POTUS.

    Portal Seven | U6 Unemployment Rate


    So, since the day Obama took over...unemployment is higher, average home resale is lower, food stamp usage is up over 30% AND the national debt is up roughly 40%.


    Not that I am complaining...Obama and Bernanke are making all us gold/silver bugs TONS of money for doing nothing more then sitting on our asses.

    http://goldprice.org/gold-price-history.html

    http://silverprice.org/silver-price-history.html

    I selfishly hope he is re-elected and continues to spend, spend, spend.

    But for America's sake, I hope Gary Johnson is elected (Romney will only help a small amount, imo)...though clearly he has no chance.
    Last edited by DA60; 10-06-12 at 12:05 PM.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Sorry, but a 7.8% unemployment rate 3 1/2 years after the end of the recession is hardly anything to beat ones chest over. What recovery we have is just the result of deficit spending and FEd market manipulation. Obamas policies as they relate to private sector job creation--dont exist. Just as his objectives for a second term dont exist.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by DA60 View Post
    And the rate is still 1.2% higher then it was during GWB's last full month in office. And he was a horrible POTUS.
    Yes it is, and he was. That's because he left Obama with an economy in the middle of a historic economic meltdown. Amazingly, all of Bush's policies, and the consequences of them, didn't terminate the day he left office. You can't stop the economy or a super tanker on a dime.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Fletch View Post
    Sorry, but a 7.8% unemployment rate 3 1/2 years after the end of the recession is hardly anything to beat ones chest over. What recovery we have is just the result of deficit spending and FEd market manipulation. Obamas policies as they relate to private sector job creation--dont exist. Just as his objectives for a second term dont exist.
    No one is beating their chest over it. Why do y'all insist on beating strawmen? It's a modest improvement -- one in a long line of modest improvements that are necessary to put the economy back together.

    If you conservatives think it's so insignificant, why are you embarrassing yourselves denying that it even happened? Strange.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    carl quintanilla on the doom and gloom network, cnbc, interviewed labor secretary hilda solis at the break of dawn:

    "we at least are getting bombarded by people who do not believe the 7.8 number, who believe this was fixed, timed to coincide with election day, what do you say to them?"

    "a lot of people out there do not believe the 7.8 number, they believe that somehow bls fixed this to coincide with the election cycle, what is labor's response?"

    "you say that skepticism over the number is ludicrous, you say you're insulted, is there a danger, you believe, when large sections of the country don't believe the data, i mean, not that it's every been considered gospel, but when you have real disbelief, i mean how much danger is embedded in that?"

    Labor Secretary Solis "Insulted" By Claim That Job Numbers Were Rigged | RealClearPolitics

    conspiracies and accompanying theories aside, 114K doesn't even come close to keeping up with population

    exactly two thirds of those rather surprising 873K jobs discovered are part time---according to ms solis' accountants themselves

    In the most recent household survey, the biggest hiring gains came in the form of 582,000 new part-time jobs in September. Part of that number can be explained by young workers, ages 16 to 24. The data show this age group saw a huge pickup in jobs in September, due almost entirely to seasonal adjustments by the Labor Department.
    CNN: September jobs report: Unemployment rate tumbles - Oct. 5, 2012

    ah, seasonal adjustments

    manufacturing is down 16K for the month

    construction's off a devastating one million net---5 years later

    1,035,000: Construction Jobs Lost Under Obama | CNSNews.com

    58% of the jobs created during the obama "recovery" pay between $9 and $13 per hour

    Majority of new jobs in recovery are low-paying - Los Angeles Times

    which is a big part of the reason gdp was revised so far down

    Second-quarter U.S. GDP revised down to 1.3% - MarketWatch

    part time work, $10 per hour jobs, labor participation an historic low...

    food stamps, disability, reduced early retirement, poverty, student loan debt...

    national debt, the fiscal cliff, the entitlement explosion...

    hopelessness, no prospects, no ideas, no solutions...

    vote obama...

    2012...

    punt!

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    The best news anywhere in the U.S. economy over the past three months has been in the government sector, where unemployment has dropped dramatically from 5.7 percent in July to 5.1 percent in August to 4.3 percent in September, according to the Bureau of Labor Statistics.

    Both the federal and state governments increased their employees in July, August and September.

    The Obama administration has added 10,000 civilian workers to the federal government's payroll since July, according to BLS. In that month, the federal government employed 2,804,000 civilian workers. In August, that increased to 2,810,000. And, in September, the number of civilian federal employees increased again to 2,814,000.

    State governments have added a net of 17,000 new workers to their taxpayer-funded payrolls over the past three months. In July, state government around the nation employed 5,052,000 people. In August, that climbed to 5,056,000, and in September it climbed again to 5,069,000.
    Unemployment Rate Plummets to 4.3%--For Government Workers | CNSNews

    june 8: Obama: "The Private Sector Is Doing Fine" | RealClearPolitics

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by AdamT View Post
    Yes it is, and he was. That's because he left Obama with an economy in the middle of a historic economic meltdown. Amazingly, all of Bush's policies, and the consequences of them, didn't terminate the day he left office. You can't stop the economy or a super tanker on a dime.
    Make all the excuses for him you like...I don't care, I am neither Rep nor Dem.

    But the facts are that since Obama took over, the unemployment rate is worse, both the national debt and food stamp usage are over a third higher and average house prices are lower.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Rainman05 View Post
    I would like to know what those jobs are... and if they are jobs that can bring people into the middle class or not. If not, then its a very, very small victory...
    And were the jobs created actually filled by unemployed individuals?

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