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Thread: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

  1. #41
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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Dpetty View Post
    Why would they look for work when they can live so comfortably on welfare? They dont even have to pretend to be looking for a job anymore!
    Your perception of the social safety net is off.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  2. #42
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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Bronson View Post
    Hundreds of thousands dropped out of Labor Force

    70% of all the new "jobs"" created in the last 5 months are Government Jobs. They require privately created wealth to exist, ie opportunity costs/negative externalities that affect real economic growth

    The Goebbels Propaganda Machine in WA continues to spin as Bernanke continues to pump away

    Fed Exit Plan May Be Redrawn as Assets Near $3 Trillion - Bloomberg
    Oh hey Godwin made it into the thread already!
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  3. #43
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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by AdamT View Post
    Again, we are in the midst of a long-term demographic change as the baby boom generation hits retirement. Average in the 25 years previous is not going to match up with current and future averages even if we had full employment.
    Oh, please.

    Currently, about 36.4% of the civilian noninstitutional population (i.e. people able to work) have chosen not to be in the labor force. 36.5% of those who chose not to be in the labor force are age 65 or older. That's the lowest proportion in almost 25 years. That is, we have a higher proportion of younger people (16-64) who have chosen not to work than we've had since 1988.

    Baby boomers my ass.

  4. #44
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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Helix View Post
    it's slowly crawling back. let's hope that the both sides don't screw it up by letting us go over the cliff, or by enacting the changes too quickly.
    Much of the reason for the unemployment rate dropping as it did is due to people exhausting their unemployment benefits. Also, while the number listed is a start, it is still mediocre. Still, better than nothing, and I want to stress that it is not because of Obama that we are getting positive numbers. It is the market, and nothing else. That is why Romney didn't lie when he said that 12 million jobs would be created under a Romney administration. Of course he didn't lie. He just misrepresented himself, same as Obama is doing here. Lots of jobs are going to eventually be created, but it will be the market place that creates them. Not Obama, not Romney, and not the man in the moon.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Deuce View Post
    Your perception of the social safety net is off.
    Prove it. We have record unemployment, and still manage to have near record employment... That only makes sense in bizaro world.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Taylor View Post
    The proportion of retirees has increased at a much more rapid rate throughout most of the past century (up until about 1990), than it's doing now with the baby boomers.
    Link?
    "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. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Taylor View Post
    Should be "U.S. Adds 146,000 Jobs - 122,000 fewer than the required 268,000 to break even"
    No it should read

    U.S. Adds 146,000 Jobs - 122,000 fewer than the required 268,000 to break even according right wing think tanks living in the 20th century and thinking the world is flat and run by Reagan.
    PeteEU

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    The economy added 147,000 private sector jobs which is far better than the 797,000 lost 4 years ago.

    Bureau of Labor Statistics Data


  9. #49
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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Dpetty View Post
    Why would they look for work when they can live so comfortably on welfare? They dont even have to pretend to be looking for a job anymore!
    Welare isn't a comfortable way of life. It's a hard struggle and most of the people unemployed would rather be working and improving their lives.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by danarhea View Post
    Much of the reason for the unemployment rate dropping as it did is due to people exhausting their unemployment benefits. Also, while the number listed is a start, it is still mediocre. Still, better than nothing, and I want to stress that it is not because of Obama that we are getting positive numbers. It is the market, and nothing else. That is why Romney didn't lie when he said that 12 million jobs would be created under a Romney administration. Of course he didn't lie. He just misrepresented himself, same as Obama is doing here. Lots of jobs are going to eventually be created, but it will be the market place that creates them. Not Obama, not Romney, and not the man in the moon.
    i agree with some of this, with the caveat that government policy does have an impact, and not just in the "get out of the way" sense. i think we could be in a lot worse shape than we are now if hadn't addressed the crisis as promptly as we did in 2008, and some of the decisions made in the past four years also helped. letting all of those companies fail at once in an unstructured way would have been catastrophic, and cutting spending right in the middle of the crisis would have also had a serious impact.

    on the downside, we're still not anywhere close to out of the woods, and now we have to raise taxes and cut spending. our most modest of recoveries is at real risk, and there's no way to avoid paying the bills now. to say that i'm concerned would be an understatement.

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