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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 a351 View Post
    There has never been, at any point in our history, 146 million employed individuals, or 143 million for that matter. Employment in the latest recession bottomed out at 129 million towards the end of 2009, well before the bulk of the ARRA was in play. Virtually all empirical studies have found it to have a profoundly positive impact on job creation during the period thereafter.

    The total cost of the ARRA was quite obviously a great deal less than 6 trillion. Must be that new math you're alluding to.
    Tell that to the Bureau of Labor Statistics because apparently they have it wrong as the March number was 143 million. Maybe you should take a course in understanding employment/unemployment numbers?

    What is it about liberalism that creates this kind of loyalty?

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

    Quote Originally Posted by Conservative View Post
    Tell that to the Bureau of Labor Statistics because apparently they have it wrong as the March number was 143 million. Maybe you should take a course in understanding employment/unemployment numbers?

    What is it about liberalism that creates this kind of loyalty?
    I was using strictly non-farm payroll figures. My point stands though. The decline in total employment that you cite as proof of the ARRA's ineffectiveness is chronologically bankrupt, as it ignores the losses of millions of positions well before it's passage, let alone it's actual implementation. There has not been a decline in total employment since either of those dates.

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

    Quote Originally Posted by a351 View Post
    I was using strictly non-farm payroll figures. My point stands though. The decline in total employment that you cite as proof of the ARRA's ineffectiveness is chronologically bankrupt, as it ignores the losses of millions of positions well before it's passage, let alone it's actual implementation. There has not been a decline in total employment since either of those dates.
    Not only the unemployment but very poor GDP Growth, higher debt, high misery index. We were coming out of Recession when ARRA was passed not going into one. I posted the Wall Street Article regarding the failure of the Stimulus and no one could look at the numbers and call it a success.

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

    Quote Originally Posted by Conservative View Post
    Not only the unemployment but very poor GDP Growth, higher debt, high misery index.

    I posted the Wall Street Article regarding the failure of the Stimulus and no one could look at the numbers and call it a success.
    None of which could be traced to the ARRA, nor demonstrably effected in an adverse manner by the ARRA. Again, chronologically and factually bankrupt.

    Except for the vast majority of economists polled, in addition to the broad studies conducted by top notch stat shops (i.e. Moody's, Goldmans, IHS and others).

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

    Quote Originally Posted by a351 View Post
    None of which could be traced to the ARRA, nor demonstrably effected in an adverse manner by the ARRA. Again, chronologically and factually bankrupt.

    Except for the vast majority of economists polled, in addition to the broad studies conducted by top notch stat shops (i.e. Moody's, Goldmans, IHS and others).
    LOL, let me know when those shovels arrive for the shovel ready jobs? Why do you try and defend the indefensible. If the stimulus had worked we would be in full recovery today and the numbers wouldn't be what they are. 500,000 people dropped out of the labor force last month. In a little over 4 years the labor force has grown 1.1 million whereas it used to grow a million a year. There are 143 million working Americans today with a 155million labor force whereas before the recession began and almost 7 trillion less in debt there wre 146 million working Americans with 153.9 million labor force. That is hardly any kind of success. stop buying the rhetoric simply because that is what you want to believe.

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

    Quote Originally Posted by Conservative View Post
    If the stimulus had worked we would be in full recovery today and the numbers wouldn't be what they are. 500,000 people dropped out of the labor force last month.

    There are 143 million working Americans today with a 155million labor force whereas before the recession began and almost 7 trillion less in debt there wre 146 million working Americans with 153.9 million labor force.
    This is a personal opinion and nothing more. You'll excuse me if I once again defer to actual analysis on the bill itself.

    This is, once again, a completely useless comparison. You're including over a year worth of job losses totaling roughly 6 million that occurred before the bill was even passed, let alone fully implemented. Useless junk.

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

    Quote Originally Posted by a351 View Post
    This is a personal opinion and nothing more. You'll excuse me if I once again defer to actual analysis on the bill itself.

    This is, once again, a completely useless comparison. You're including over a year worth of job losses totaling roughly 6 million that occurred before the bill was even passed, let alone fully implemented. Useless junk.
    The numbers generated aren't a personal opinion they are fact, but maybe this will help you understand better what happened with the stimulus and Obama himself said that there is no such thing as shovel ready jobs. Stop defending the indefensible

    Review & Outlook:Why the Stimulus Failed - WSJ.com

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

    Quote Originally Posted by a351 View Post
    This is a personal opinion and nothing more. You'll excuse me if I once again defer to actual analysis on the bill itself.

    This is, once again, a completely useless comparison. You're including over a year worth of job losses totaling roughly 6 million that occurred before the bill was even passed, let alone fully implemented. Useless junk.
    Obama took over an economy that was coming out of recession not going into one. His very poor leadership and delegation of responsibility shows what a true failure he is.

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

    Quote Originally Posted by Conservative View Post
    The numbers generated aren't a personal opinion they are fact, but maybe this will help you understand better what happened with the stimulus and Obama himself said that there is no such thing as shovel ready jobs. Stop defending the indefensible
    For the numerous time, the numbers generated are not in question, your REASONING behind those number is what is in question. What is it about conservatism that creates this lack of analytical effort?

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

    Quote Originally Posted by Conservative View Post
    The numbers generated aren't a personal opinion they are fact

    but maybe this will help you understand better what happened with the stimulus and Obama himself said that there is no such thing as shovel ready jobs. Stop defending the indefensible

    Review & Outlook:Why the Stimulus Failed - WSJ.com
    As is your complete butchering of simple timelines. Including job losses that happened in the year prior to the ARRA in your analysis of the ARRA is symbolic of either outright incompetency or brazen dishonesty. Take your pick.

    This is an opinion piece.There doesn't appear to be much in the way of macro-analysis whatsoever.

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