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Thread: U.S. unemployment falls to 7.5% in April [W: 348, 360]

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by pbrauer View Post
    And here you'll see a glimps of Bush's failed policies 3/4 through his term
    Bureau of Labor Statistics Data Total Nonfarm 2001 -2008
    Seems like you call the bursting of Clinton's tech bubble and 9/11 Bush's " failed policies". Please explain.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    First off - I think GWB was a terrible POTUS.

    Quote Originally Posted by head of joaquin View Post
    Oil prices falling.
    on Jan. 23, 2009 (just after Obama was inaugerated), oil was at $46.47.

    A week ago it closed at $93...over double the price.

    Crude Oil Price History

    Unemployment falling.
    actually, the U-6 ( the 'real' unemployment rate) was up last month, from 13.8% to 13.9%.

    And even the U-3 the day Obama took over was 7.8%. Today it is 7.5%.

    It took him 52 months and a 50+% increase in the national debt to lower the rate 0.3%.

    Bureau of Labor Statistics Data

    Stock market at record highs.
    sure it is...and that is almost entirely due to the Fed's 'artificially' low interest rates AND especially their QE policies that are pumping trillions indirectly into the markets. Over a trillion this year alone.
    And who benefits from that? Very few middle class and lower Americans own substantial amounts of stock and since the unemployment rate is still well above 7% - clearly, it's only really benefitting the rich/major stock holders.

    Bush's vanity wars winding down.
    They are?

    Yes, Obama mostly pulled out of Iraq. But then he ramped up U.S. presence in Afghanistan hugely. Now he is doing drone strikes, assassinating U.S. citizens without trial, Gitmo is STILL open and there is talk of arming Syrian rebels.

    Bush's idiotic foreign policies are now Obama's idiotic foreign policies.


    Plus...since Obama took over, food stamp usage is up over 40%, average housing prices are lower and (once again) the national debt is over 50% higher.


    Looks like Obama is a terrible POTUS as well.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    About 9 million people left the labor force since Obama took office. Sure some died/retired but doesn't the increase in potential new employees ie students/immigrants balance that out? Whatever the number works out to it still a lot of people gave up trying to get one of Obama's "good paying jobs".
    Hard for anyone to 'spin' that to make Obama's Socialist/Marxist 'wet-dream' viable in a country founded on economic principles 180 degrees opposite.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by niff View Post
    About 9 million people left the labor force since Obama took office.
    A claim made by quite a few individuals in this thread that has absolutely no validity whatsoever.


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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Just wondering if there is any correlation between the number of illegal immigrants here and the number of unemployed high school dropouts?

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by a351 View Post
    A claim made by quite a few individuals in this thread that has absolutely no validity whatsoever.

    Did you notice the 9 million increase from 2003 to 2009 and then a leveling out. Did the population stop growing during the Obama term? Over 1.3 million net joined the labor force each year of the Bush Administration and since Obama has taken office that number has been 1.2 million in over 4 plus years?

    You call yourself an independent yet you look at nothing like an independent. Guess it is hard for you to admit who you really are.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    Did you notice the 9 million increase from 2003 to 2009 and then a leveling out.Did the population stop growing during the Obama term?

    Over 1.3 million net joined the labor force each year of the Bush Administration and since Obama has taken office that number has been 1.2 million in over 4 plus years?

    You call yourself an independent yet you look at nothing like an independent. Guess it is hard for you to admit who you really are.
    Irrelevant. The claim does not center around the LFPR but the cumulative labor force. There has not been a decline of 9 million in the civilian labor force as illustrated to you earlier and now yet again.

    Math problems again. Even if you chalked up the potential gains over the last four years using the average number in the previous eight as losses your figures are off by a mile. Hang it up while you're behind.

    I'm indeed a registered Independent and have voted for both Republicans and Democrats at the local, state and national level in nearly equal proportion.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by a351 View Post
    Irrelevant. The claim does not center around the LFPR but the cumulative labor force. There has not been a decline of 9 million in the civilian labor force as illustrated to you earlier and now yet again.

    Math problems again. Even if you chalked up the potential gains over the last four years using the average number in the previous eight as losses your figures are off by a mile. Hang it up while you're behind.

    I'm indeed a registered Independent and have voted for both Republicans and Democrats at the local, state and national level in nearly equal proportion.
    Sorry but any attempt to point to positive Obama results are a failure and simply someone who wants to believe news contrary to reality. The labor force participation rate is at a record low and continues to be there. Population continues to grow and if you looked at the BLS data you would see that most of the loss is due to younger people who have dropped out of the labor force because of a poor job market and economy not retirees many of whom have had to put off retirement because of the poor economy.

    So yes there has been a significant decline in the labor force because of discouraged workers dropping out and younger workers unable to find a job. That is reality that you and others want to ignore. Sorry but a labor force growing 1.2 million in 4 plus years is a disaster and you know it but cannot admit it. What is it about liberalism that creates this kind of loyalty?

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by pbrauer View Post
    And here you'll see a glimps of Bush's failed policies 3/4 through his term
    Bureau of Labor Statistics Data Total Nonfarm 2001 -2008
    So you concur that Bush's UE rate was lower that Obama's throughout his administration. I suppose this as you have shifted my point to quantity of jobs created. Would you further concur that during the majority of Bush's terms the UE rate was low enough to prohibit significant job creation? I will concede that during the last few Bush years and the economy slowed, UE rose and he was unable to address (as you link shows). But the FACT remains that Obama UE rate HAS been higher that Bush's for the entirety of his office.
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Dickieboy View Post
    So you concur that Bush's UE rate was lower that Obama's throughout his administration. I suppose this as you have shifted my point to quantity of jobs created. Would you further concur that during the majority of Bush's terms the UE rate was low enough to prohibit significant job creation? I will concede that during the last few Bush years and the economy slowed, UE rose and he was unable to address (as you link shows). But the FACT remains that Obama UE rate HAS been higher that Bush's for the entirety of his office.

    In addition here is what Pb and other liberals want to ignore, the discouraged worker numbers. Note 2010-2012 numbers which Obama supporters still want to blame on Bush. I keep wondering how Bush created those numbers dropping out of the labor force from his home in Dallas?

    Labor Force Statistics from the Current Population Survey
    Original Data Value

    Series Id: LNU05026645
    Not Seasonally Adjusted
    Series title: (Unadj) Not in Labor Force, Searched For Work and Available, Discouraged Reasons For Not Currently Looking
    Labor force status: Not in labor force
    Type of data: Number in thousands
    Age: 16 years and over
    Job desires/not in labor force: Want a job now
    Reasons not in labor force: Discouragement over job prospects (Persons who believe no job is available.)
    Years: 2002 to 2012

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2002 328 375 330 320 414 342 405 378 392 359 385 403
    2003 449 450 474 437 482 478 470 503 388 462 457 433
    2004 432 484 514 492 476 478 504 534 412 429 392 442
    2005 515 485 480 393 392 476 499 384 362 392 404 451
    2006 396 386 451 381 323 481 428 448 325 331 349 274
    2007 442 375 381 399 368 401 367 392 276 320 349 363
    2008 467 396 401 412 400 420 461 381 467 484 608 642
    2009 734 731 685 740 792 793 796 758 706 808 861 929
    2010 1065 1204 994 1197 1083 1207 1185 1110 1209 1219 1282 1318
    2011 993 1020 921 989 822 982 1119 977 1037 967 1096 945
    2012 1059 1006 865 968 830 821 852 844 802 813 979 1068
    2013 804 885 803 835

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