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Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by AlabamaPaul View Post

    You just posted a lot of words but said nothing of value. Let's consider your first sentence. Your contention is that an 8:1 increase in private sector employment has not been able offset the decrease in the public sector, and this is why unemployment remains high? That's a contortion not many can make with any credibility.
    Ummm, if we added 700K in the public sector instead of losing 700K, the unemployment rate would be at around 6%. The private sector is growing at a reasonably healthy pace. But not enough to effectively lower the unemployment rate. It's the public sector that hurting the UE.

    Quote Originally Posted by AlabamaPaul View Post
    Next, let's assume all your reasons for the drop in the LPR are correct, with which I happen to agree, then we should be experiencing a labor shortage and a correspondingly low UE rate. Would you not agree?
    Sure, I can agree with that.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Fruityfact View Post
    IRONY!


    It has everything to do with the economic results of Obama..."Bush took office with an economy going into recession"--Obama was handed an economy tumbling into depression! and then this.... "the country experienced 9/11" as if it was a natural disaster...it was on BUSH'S FRIGGING WATCH

    Only a true ideologue could try and defend what Bush has done..
    You can try to re-write history but you cannot change it, but regardless of what you perceive Bush to have done, it is irrelevant today. What matters now is what Obama has done and the results say made things worse. We are now 6 trillion more in debt, have 3 million fewer people employed than when the recession began, we have had a 1.1 million increase in the labor force, have millions unemployed/under employed/discouraged , millions on food stamps, millions dependent on taxpayer assistance, low economic growth which apparently is giving you exactly what you want, a European style economy

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    Ummm, if we added 700K in the public sector instead of losing 700K, the unemployment rate would be at around 6%. The private sector is growing at a reasonably healthy pace. But not enough to effectively lower the unemployment rate. It's the public sector that hurting the UE.


    Sure, I can agree with that.
    You're a hoot. Please try to reconcile both of your posts because I can't...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
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    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

    Quote Originally Posted by Fruityfact View Post
    You still don't understand.. He was simply saying that people retiring causes the LFPR to go up(DUH). Conservative has changed to using LFPR as a reliable metric to "combat" the fact that unemployment has been dropping...Hint--it's not a reliable metric for what you're trying to prove.
    Riiiight, Here's a Metric for you, Your President and your rotten and corrupt ideology after 4 years has to count massive Govt spending with borrowed dollars to show even a paltry 1.5% growth on average.

    And another, after 6 trillion in new structural debt your President and your rotten to the core and corrupt ideology has only a increasing dependent class to show for it. And a increasing poverty rate....what's it up to now, 1 in 6 ???

    One more, your President and your rotten and corrupt ideology has to continually infuse printed currency into the financial markets to keep the DOW from nose diving and in the process has falsely inflated bonds and assets to the point of creating a bubble.

    Thanks for all of that, IF you voted for him that is. Thanks for being complicit in the misery of millions of middle class American families.
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

    Quote Originally Posted by Fruityfact View Post
    You still don't understand.. He was simply saying that people retiring causes the LFPR to go up(DUH). Conservative has changed to using LFPR as a reliable metric to "combat" the fact that unemployment has been dropping...Hint--it's not a reliable metric for what you're trying to prove.
    Well to Conservative's defense, it's one of the few remaining talking points he has left. I still recall when he switched his whine from: Obama hasn't created enough jobs to get back where he started ... to: Obama has created enough jobs to get back to where we were in 2007. And once that happens, he'll change his whine again.


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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Fruityfact View Post
    IRONY!


    It has everything to do with the economic results of Obama..."Bush took office with an economy going into recession"--Obama was handed an economy tumbling into depression! and then this.... "the country experienced 9/11" as if it was a natural disaster...it was on BUSH'S FRIGGING WATCH

    Only a true ideologue could try and defend what Bush has done..
    Wait, you're serious ?

    Your'e after 4 years blaming Bush on Obama's continued incompetence ? First off no economist was prediciting a depression after the " Democrat Mandated Sub-Prime Bubble "

    Second if it's the Sub-Prime bubble that was the "DEPRESSION !!!" Obama inherited you should know it was actually the collapsing of a sub-prime bubble mandated by Democrat policies and funded by the GSE's who happened to be staffed with Clinton's corrupt appointees.

    Next, since you mentioned 9/11, one of the corrupt appointees was a women by the name of Jamie Gorelick.

    I would, if I were you, look into the infamous " Gorelick Wall" for a better understanding of the events that led up to 9/11.

    But then again, you actually think 4 years into Obama's mistake...I mean his Presidency that his current failures are Bush's fault so I wouldn't expect you to be informed of ...well really anything.
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    Ummm, if we added 700K in the public sector instead of losing 700K, the unemployment rate would be at around 6%. The private sector is growing at a reasonably healthy pace. But not enough to effectively lower the unemployment rate. It's the public sector that hurting the UE.


    Sure, I can agree with that.
    You better rethink that because you're wrong. If we didn't lose the 700k the UE Rate would be lower.


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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Fenton View Post
    Wait, you're serious ?
    Next, since you mentioned 9/11, one of the corrupt appointees was a women by the name of Jamie Gorelick.
    I would, if I were you, look into the infamous " Gorelick Wall" for a better understanding of the events that led up to 9/11.
    I'm really not that fond of Obama...just not a fond of incessant bs
    Sounds like your being a Bush apologist? It happened under Bush; it had nothing to do with Clinton. Reminiscent of someone else's bogus argument, isnt it??
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by AlabamaPaul View Post
    I believe I have already answered your question. Government employment should not be expected to expand at the same rate, if at all, during any recovery period from a recession. Why would you think it should?
    Do you just make **** up off the top of your head? Why should public employment not grow during a period of recovery following a recession?

    In the last 4 recessions we've had, 2 under Bush Jr, one under Bush Sr, and one under Reagan; this last recession is the only one to see the public sector drop after the recession ended.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by AlabamaPaul View Post
    Yes, if the private sector had added another 700K to offset the decrease in the government sector, UE might be lower. Then again, it might be higher as well if people thought there were productive jobs available...
    As expected, you cannot answer me.

    January 2010 private employment troughed out at about 105 million. Total private sector non-farm employment is currently 111.547 million, or a change of [(111.547-105)/105 = 0.0625] 6.25% (4.5% since Jan 2009). Total government employment in the same time frame decreased by 0.85%. Had it increased at the same rate, total government employment would have increased from 21.114 million to 22.056 million. Total employment is currently 142.786 million, equating to a difference between government + non-farm private payroll of 10.869 million. So, 111.547 million + 22.054 million + 10.869 million = 144.47 million. Dividing the total number of people employed by the labor force (155.028 million) would give you an unemployment rate of 6.81%.

    The question you asked: "should it have increased by the same rate?" The entire point of stimulating a struggling economy is to create jobs! Given that government is the entity that provided stimulus, it would make sense to ensure that government jobs do not decrease in a fashion that would adversely impact labor markets. Allowing government employment to undermine labor market growth is counterproductive if the federal government is implementing policy to help grow the economy.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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