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

  1. #1381
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

    Quote Originally Posted by Bronson View Post
    Fail

    As was stated previously President Bush shoulders some blame, but Democrats still share the majority of the blame. Your quoted text even proves my point

    Bush repeatedly tried to push for GSE reform and the Democrats (their campaign coffers filled with GSE campaign donations) claimed there wasn't a problem. Democrats are primarily responsible for the Housing Crash.

    Nice try though
    The fail is all yours. Embrace it. While Democrats opposed it, they did not block it. Republicans own the failure of sending any one of the three bills that were given to Senate leadership, to the Senate floor for a full up/down vote.

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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
    Dec/2011: 110,548,000
    Mar/2013: 113,330,000
    Total: 2,782,000


    Bureau of Labor Statistics Data
    Thank you.


    BTW - according to this:

    Employment Situation Summary Table A. Household data, seasonally adjusted

    In the last 12 months, there are 1.266 million more employed people in America AND the official unemployment rate has fallen from 8.2% to 7.6%.


    However, if you take into account the fall in the Labor Force Participation Rate (LFPR) in that time, by 0.5%...AND if you only take half of that number as workers who have left the work force because they (in essence) cannot find work (as the Fed suggests) - then the unemployment rate actually is 7.9%.

    ALSO, if you take the LFPR since Obama took office and compare it to today (it was 2.5% higher then), you actually have (using the same calculation as above) an unemployment rate of 9.3%.


    Have a nice day.

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

    Quote Originally Posted by Jack Hays View Post

    Just a shallow hit piece published when it was fashionable to pile on GWB.


    Yeah, because Murdoch really liked sticking it to Bush.

    It's funny, because the standard rightie response to posting WSJ articles is usually pointing out how it's just an opinion piece. That wasn't available to you, so you had to switch to plan 'B' and call it a 'hit piece'; when really, it's just the actual numbers as they happened to fall.

    Aside from your usual empty deflections, how do you like the numbers in that article?


    President ......... Jobs created per year in office
    Bill Clinton ............................ 2,900,000
    Jimmy Carter ............................ 2,600,000
    Lyndon Johnson .......................... 2,300,000
    Ronald Reagan ........................... 2,000,000
    Richard Nixon ........................... 1,700,000
    John F. Kennedy ......................... 1,200,000
    Harry Truman ............................ 1,100,000
    Gerald Ford ............................... 745,000
    George H.W. Bush .......................... 625,000
    Dwight Eisenhower ......................... 438,000
    George W. Bush ............................ 375,000


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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
    I have not seen you produce any evidence of that. You posted a page which did NOT bring up any data and said I had to "search" for it. I was kind enough to do so, and still came up with a 7.8% unemployment rate for January, 2009.

    So where's your proof??
    Bureau of Labor Statistics Data

    Check Dec. '08. It says 7.3%.

    The labor report comes in the first friday of the following month. So the January 7.8% figure was released ( I presume) on the first Friday in February...two weeks after Obama was inaugurated.

    So, once again...the official unemployment rate the day Obama was inaugurated was 7.3% - true or false, please?


    Based on my the answer I already provided, yes.
    So, since the day Obama took office, the official unemployment rate is worse, average housing price is down, the national debt is up over 50% and food stamp usage is up over 40%.

    And you consider that a success based only on those numbers.

    Noted.


    Have a nice day.

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

    Quote Originally Posted by DA60 View Post
    Thank you.


    BTW - according to this:

    Employment Situation Summary Table A. Household data, seasonally adjusted

    In the last 12 months, there are 1.266 million more employed people in America AND the official unemployment rate has fallen from 8.2% to 7.6%.


    However, if you take into account the fall in the Labor Force Participation Rate (LFPR) in that time, by 0.5%...AND if you only take half of that number as workers who have left the work force because they (in essence) cannot find work (as the Fed suggests) - then the unemployment rate actually is 7.9%.

    ALSO, if you take the LFPR since Obama took office and compare it to today (it was 2.5% higher then), you actually have (using the same calculation as above) an unemployment rate of 9.3%.


    Have a nice day.
    9.3% being down from the 9.9% it was in January, 2009. 9.9% is after factoring in the 2.2% drop in the LFPR under Bush.

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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
    Speaking of reading comprehension, I didn't even say "a significant number" left. I said that half includes ...

    As far as a link, there is none as I've already pointed out, nobody tracks that information. So no one knows how many were forced out vs how any left because they chose to do so.

    No matter how hard you try, you're always going to be stuck "guessing" the number.
    Then your words mean nothing to me on this.



    Have a nice day.

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

    Quote Originally Posted by DA60 View Post
    Bureau of Labor Statistics Data

    Check Dec. '08. It says 7.3%.

    The labor report comes in the first friday of the following month. So the January 7.8% figure was released ( I presume) on the first Friday in February...two weeks after Obama was inaugurated.

    So, once again...the official unemployment rate the day Obama was inaugurated was 7.3% - true or false, please?



    So, since the day Obama took office, the official unemployment rate is worse, average housing price is down, the national debt is up over 50% and food stamp usage is up over 40%.

    And you consider that a success based only on those numbers.

    Noted.


    Have a nice day.
    Bush was still president through most of January. I don't know why you're attributing Bush's numbers to Obama other than your dishonest attempt to make Obama appear worse. I'm also not sure what policy you think Obama rolled out in his first week that even affected unemployment.

    You do realize that although the unemployment rate is released once a month, people were still losing their jobs through out the month. To claim the unemployment rate was 7.3% 2/3rds into a month which lost a staggering 793,000 jobs is rather ridiculous.

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

    Quote Originally Posted by DA60 View Post
    Then your words mean nothing to me on this.



    Have a nice day.
    No worries, I feel the same way about your "guesses."

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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
    9.3% being down from the 9.9% it was in January, 2009. 9.9% is after factoring in the 2.2% drop in the LFPR under Bush.
    Ummm...the Labor force participation rate under GWB dropped from 67% in Dec. '00 (the last report before he took office) to 65.8% in Dec. 08...that is 1.2% - not 2.2%.

    Bureau of Labor Statistics Data

    Just change the time frame at the top to '2000' from '2003'.


    Whatever numbers you wish to use...it changes nothing in regards to my numbers above.

    They are accurate based on the parameters I (and the Fed) use.


    Have a nice day.
    Last edited by DA60; 04-16-13 at 06:02 AM.

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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
    Bush was still president through most of January. I don't know why you're attributing Bush's numbers to Obama other than your dishonest attempt to make Obama appear worse. I'm also not sure what policy you think Obama rolled out in his first week that even affected unemployment.

    You do realize that although the unemployment rate is released once a month, people were still losing their jobs through out the month. To claim the unemployment rate was 7.3% 2/3rds into a month which lost a staggering 793,000 jobs is rather ridiculous.
    So, once again...the official unemployment rate the day Obama was inaugurated was 7.3% - true or false, please?


    Have a nice day.

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