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

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

Had you been around here in early 2009, you would have witnessed my criticism of the ARRA. Had you been here in 2011, you would have witnessed my criticism of the ACA for not including a public option, and heavy deregulation of the insurance industry (as a means of creating public/private competition ala UPS and the Post Office).

Because i support deficit spending with high unemployment and expansionary/nonconventional monetary policy does not equate to me having a man-crush on Obama.

I've read quite a few of your post that were made prior to the date of my registration Kush. No I'm not a stalker but just wanted to get a better understanding of your knowledge base and ideology. Iv'e done it with other posters too, that were worth my the time that is, and I'm sure other posters also do this as well. It's why I DO give you some credibility, and have come to expect more than blanket generic statements from your post.

Current economic issues directly tied to the sub-prime mortgage collapse should, by now be isolated to the real-estate market, unless you legitimately think Businesses and investors are sitting on their capital right now because the housing market sits in a sea of debt.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Good evening, AP. :2wave:

A lot of people are beginning to question why our infrastructure is being ignored when we apparently have money to send to other countries to repair theirs. Wouldn't our tax dollars be better spent at home? Good question, IMO! :thumbs:

Good evening pg. The questions you and I are asking don't seem to be resonating...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Do you think that's where a lot of the unemployment comes from?

I've heard that argument before, but unemployment was only a little over 4% in 2008, not that long ago.

people are being replaced with machines whenever and wherever they can be. perhaps people should stop training to work for GM and big manufacturing and start training to be self-employed entrepreneurs.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Current economic issues directly tied to the sub-prime mortgage collapse should, by now be isolated to the real-estate market, unless you legitimately think Businesses and investors are sitting on their capital right now because the housing market sits in a sea of debt.

It is a matter of demand, which is a function of real disposable income. On a per capita basis, we are finally approaching pre-recession levels.

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

Gawd, I never said they did but the productivity occurred elsewhere...

Nonsense! You just did:

No, it means that we send dollars to other countries rather than deploying the resources domestically....

Which is why i cannot take you seriously.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

It is a matter of demand, which is a function of real disposable income. On a per capita basis, we are finally approaching pre-recession levels.

How does one acquire disposable income?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Nonsense! You just did:

The productivity occurred elsewhere. Is this concept so difficult to understand?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

The productivity occurred elsewhere. Is this concept so difficult to understand?

Now you want to retract your statement?

The extraction occurred elsewhere because the U.S. cannot produce the energy necessary to meet demand. It is called mutually beneficial gains from trade. Low-brow econ 101.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

How does one acquire disposable income?

One does not "acquire" disposable income. It is the portion of ones gross income that can be allocated towards consumption or savings. Perhaps you meant, "how does disposable income grow"?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Do you think that's where a lot of the unemployment comes from?

I've heard that argument before, but unemployment was only a little over 4% in 2008, not that long ago.

I think it where the zero interest money is heading. Jobs in the past have been lost overseas, but the reason we are having a jobless recovery is due to investments in technology from what what I have heard a few guests on less partisan shows say.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Who creates machines? Who creates the software that allows machines to operate so efficiently?

Asians. :2wave:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Now you want to retract your statement?

The extraction occurred elsewhere because the U.S. cannot produce the energy necessary to meet demand. It is called mutually beneficial gains from trade. Low-brow econ 101.

I don't want to retract anything. We have more energy resources in this country than anywhere else on earth between oil and NG, not to mention what we could do with nuclear for electricity. Do you not want to take advantage of that to employ people in this country?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Self-employment may be a bit of a stretch, but there are jobs that can be created without a lot of "investment" by the government that can generate revenue for the government...

Perhaps but if you instill a self-reliance mentality in people they will be better decision makers even if they do not end up self-employed IMHO. We are producing cattle.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I'm curious, are you really proposing that job creation was indeed stagnant under Carter?

It's a fact....

The term "stagflation" -- an economic condition of both continuing inflation and stagnant business activity, together with an increasing unemployment rate -- described the new economic malaise. Inflation seemed to feed on itself. People began to expect continuous increases in the price of goods, so they bought more. This increased demand pushed up prices, leading to demands for higher wages, which pushed prices higher still in a continuing upward spiral. Labor contracts increasingly came to include automatic cost-of-living clauses, and the government began to peg some payments, such as those for Social Security, to the Consumer Price Index, the best-known gauge of inflation. While these practices helped workers and retirees cope with inflation, they perpetuated inflation. The government's ever-rising need for funds swelled the budget deficit and led to greater government borrowing, which in turn pushed up interest rates and increased costs for businesses and consumers even further. With energy costs and interest rates high, business investment languished and unemployment rose to uncomfortable levels.
In desperation, President Jimmy Carter (1977-1981) tried to combat economic weakness and unemployment by increasing government spending, and he established voluntary wage and price guidelines to control inflation. Both were largely unsuccessful. A perhaps more successful but less dramatic attack on inflation involved the "deregulation" of numerous industries, including airlines, trucking, and railroads. These industries had been tightly regulated, with government controlling routes and fares. Support for deregulation continued beyond the Carter administration. In the 1980s, the government relaxed controls on bank interest rates and long-distance telephone service, and in the 1990s it moved to ease regulation of local telephone service.

Stagflation in the 1970s
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

One does not "acquire" disposable income. It is the portion of ones gross income that can be allocated towards consumption or savings. Perhaps you meant, "how does disposable income grow"?

No, I meant what I asked. All income is allocated either to consumption or savings...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I don't want to retract anything. We have more energy resources in this country than anywhere else on earth between oil and NG, not to mention what we could do with nuclear for electricity. Do you not want to take advantage of that to employ people in this country?

To a degree. The term peak demand has emerged for a reason: we use less energy year over year since the mid 2000's. Have you considered the opportunity costs of boosting resource extraction?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I think most of it has to do with the government supplementing income for folks who don't want to work.

I think it where the zero interest money is heading. Jobs in the past have been lost overseas, but the reason we are having a jobless recovery is due to investments in technology from what what I have heard a few guests on less partisan shows say.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Perhaps but if you instill a self-reliance mentality in people they will be better decision makers even if they do not end up self-employed IMHO. We are producing cattle.

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

No, I meant what I asked. All income is allocated either to consumption or savings...

No, all disposable income is allocated towards consumption or savings. It is all about jobs! The private sector is simply not up to the task at the moment, which is why it is imparative that the public sector continues to help alleviate the output gap, i.e. potential vs actual output.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

the usual bad news when it comes to jobs.

the labor force participation rate continues to fall. down to 63.3% from 63.5% in feb.

latest_numbers_LNS11300000_2010_2013_all_period_M03_data.gif

And it will likely lead to a structural problem. The sequester hurts. Effects employment. So, this is not unexpected
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I think most of it has to do with the government supplementing income for folks who don't want to work.

For some. For other not so much. Having the lowest labor participation rate since 1979 is certainly not a sign of a healthy economy.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I think most of it has to do with the government supplementing income for folks who don't want to work.

I think that's nonsense.
 
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