Page 17 of 45 FirstFirst ... 7151617181927 ... LastLast
Results 161 to 170 of 442

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

  1. #161
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    9.5 million Americans have left the workforce during the presidency of Barack Obama, according to the Bureau of Labor Statistics.

    In April, the total number of Americans counted as "not in the labor force" declined for the first time since December, but that number was still near a record high at 89,936,000.

    Those not in the labor force declined by 31,000, from a record high of 89,967,000 in March. That broke the recent record of 89,304,000 not in the labor force in February of this year.

    Since February 2009, the first full month of Obama’s presidency, 9,549,000 people have left the labor force. There were 80,387,000 Americans not working that month, compared with 89,936,000 not working or looking today, according to the latest economic release from BLS.

    The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,”and that includes people who have retired on schedule, taken early retirement, or simply given up looking for work.

    In the 50 months since Obama has been in office, the number of people counted as not in the labor force has declined 16 times.
    link above

  2. #162
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

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

    Btw...in April...some more stats...

    - the average weekly hours dropped from 34.6 to 34.4 hours.

    - manufacturing jobs created...zip.

    - mining and logging jobs...down 3,000

    - construction jobs...down 6,000

    Employment Situation Summary Table B. Establishment data, seasonally adjusted

  3. #163
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    While the unemployment rate fell to 7.5 percent in April, a five-year low, unemployment among 18-29 year olds remained at 11.1 percent. Adjusting for labor participation and those who have given up looking for work, the effective rate is 16.1 percent.

    The number calculated by the Bureau of Labor Statistics doesn’t include 1.7 million young Americans because these individuals have given up looking for work due to lack of jobs and therefore don’t qualify as “unemployed.” With nearly 2 million new college graduates entering the job market this spring, concern for the millennial generation’s standard of living abounds.
    Unemployment remains high among young Americans | The Daily Caller

    and they voted for the redistributor of ever diminishing resources

    go figure

  4. #164
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.

    America's gross domestic product — the broadest measure of economic output — grew 6.8 percent from the April-June quarter of 2009 through the same quarter this year, the slowest in the first three years of a postwar recovery. GDP grew an average of 15.5 percent in the first three years of the eight other comebacks analyzed.

    Consumer spending has grown just 6.5 percent since the recession ended, feeblest in a postwar recovery. In the first three years of previous recoveries, spending rose an average of nearly 14 percent.

    The economy shed a staggering 8.8 million jobs during and shortly after the recession. Since employment hit bottom, the economy has created just over 4 million jobs. So the new hiring has replaced 46 percent of the lost jobs, by far the worst performance since World War II. In the previous eight recoveries, the economy had regained more than 350 percent of the jobs lost, on average.

    Adjusted for inflation, wages have fallen 0.8 percent. In the previous five recoveries —the records go back only to 1964 — real wages had gone up an average 1.5 percent at this point.
    AP: Economic recovery is weakest since World War II

  5. #165
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    wsj yesterday: "the us needs to average around 250,000 jobs a month for an extended period to tug the jobless rate back down to precession levels of under 6%, the pace of hiring in april is far too slow to accomplish that task"

    nyt yesterday: "the us economy is not getting any closer to recreating the jobs lost during the recession"

    links above

    you can keep talking...

    but who's spinning?

    the ny times?

    and don't forget: 58% (according to the la times) of these pitifully, paltry few jobs the keynesian extremist created pay a pathetic 8 to 12 dollars per hour

    which is good work if you can get it, anyone whoever got anywhere on his or her own certainly started there and stayed there for some time, there are ways up

    but not if you're 55

    way too many of these obama jobs are service and retail, they're entry level and near minimum wage, they're temps and part timers

    and you know it

    it always all comes down to character

  6. #166
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 07:36 PM
    Gender
    Lean
    Conservative
    Posts
    67,258

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

    Quote Originally Posted by The Prof View Post
    wsj yesterday: "the us needs to average around 250,000 jobs a month for an extended period to tug the jobless rate back down to precession levels of under 6%, the pace of hiring in april is far too slow to accomplish that task"

    nyt yesterday: "the us economy is not getting any closer to recreating the jobs lost during the recession"

    links above

    you can keep talking...

    but who's spinning?

    the ny times?

    and don't forget: 58% (according to the la times) of these pitifully, paltry few jobs the keynesian extremist created pay a pathetic 8 to 12 dollars per hour

    which is good work if you can get it, anyone whoever got anywhere on his or her own certainly started there and stayed there for some time, there are ways up

    but not if you're 55

    way too many of these obama jobs are service and retail, they're entry level and near minimum wage, they're temps and part timers

    and you know it

    it always all comes down to character
    Just shows that facts and data have no place in an Obamabots's world as they buy the rhetoric, spin negative information positively, and then run when challenged. Wonder what it is about liberalism that creates this kind of loyalty?

    There is a reason the U.S. is doing better than the rest of the world and that reason is capitalism although Obama is trying to change that. Europe as a massive govt. spending program that Obama is trying to duplicate here and his Obamabots are buying that effort. Govt. spending used to be 20% of GDP and now it is approaching 40% so the new normal is high unemployment, low economic growth, and massive govt. spending creating dependence. Liberals keep their jobs by creating dependence.

  7. #167
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 09:51 PM
    Gender
    Lean
    Conservative
    Posts
    26,241

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

    Quote Originally Posted by The Prof View Post
    it could explain it, i spose

    but it doesn't

    Keeping Up, Not Getting Ahead - NYTimes.com

    your forbes is more than a year old
    Quote Originally Posted by Born Free View Post
    So much for Obama taking care of the middle class, in fact under Obama the middle class has moved further down making the middle class gap wider. Obama for real prosperity for the middle class, yeah right, when will they wake up?
    Yep, I wish Obama would have given us a heads up in 2008 that this was his economic plan .

    " I will push policies that will force privare investors and corporations into a perpetual state of stasis "

    * the sychophantic low information crowd roars *

    " My Central Bank Appointee will monetize nearly 70% of our short term Treasuries. He will allow the banks to hold record amounts of reserves, and then he will pay them interest on those reserves, to hold short term interest rates at record low levels so " the rich can get richer" and I can point to "record gains " on Wall Street as evidence of a growing economy"

    * Crowd roars, people faint, Chris Mathews giggles *

  8. #168
    Sage
    Born Free's Avatar
    Join Date
    Sep 2011
    Location
    Sonny and Nice
    Last Seen
    12-10-17 @ 01:53 PM
    Lean
    Conservative
    Posts
    6,396

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

    You would think after Obama has thrown nearly 7 trillion of borrowed money at the problem we would have something better than the weakest recovery since world war II. But when he put some of the borrowed money on failed green companies that went bankrupt, I can understand his ignorance. Further we now have discovered we have more natural gas and crud oil than we ever thought of.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  9. #169
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    two weeks ago, associated press

    AP: Obama administration had advance warning on Fisker

    he was warned, he knew, good money after bad, a quarter billion dollars

    ener1, abound, evergreen, a123, brightsource, sunpower, first solar, beacon, solyndra... many more

    he knew, his aggressive political agenda overrode all business sense around him, good money after bad, lots of donors and cronies, board members and advisers...

    and as for jobs---pfft

    as you well know

    at this point it becomes a question of character---yours

    best wishes
    Last edited by The Prof; 05-04-13 at 03:37 PM.

  10. #170
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    ibd yesterday:

    Wall Street is cheering while Main Street stays mired in a listless recovery. Maybe this makes sense to Barack Obama and the Fed, but try explaining it to the unemployed.

    Friday was another one of those alternate-universe days on Wall Street. The Bureau of Labor Statistics came out with April job numbers that are only so-so, but the stock market greeted the news with another big rally.

    All this over a BLS report showing payrolls rising 166,000 in April, barely enough to absorb the natural increase in the labor force. True, unemployment edged down from 7.6% to 7.5%, and the March and February job totals were revised upward (by 114,000 for the two months combined). But none of this resembles the robust growth normally seen at this point in a recovery.

    The share of working-age Americans with jobs 58.6% has barely budged since the bottom of the recession, and we're still some 2 million jobs short of pre-recession levels. This is unique in post-World War II history. At this point in every other recovery, the job losses had long since been erased. On average, payrolls were 7.6 million above the pre-recession peak.

    This is a serious problem at the grass roots, among job seekers and businesses that need a fully employed, well-paid middle class to fuel demand for their products and services. Main Street, in short.

    Right now the stock market is riding a valuation wave generated by corporate earnings and monetary easing by the Federal Reserve. Profits can rise without much job creation in fact, cutting jobs is one way to boost the bottom line when sales growth is sluggish.

    And the Fed is, if anything, job-contrarian. It has announced it will stop easing once unemployment falls to 6.5%. When that happens, stocks will start losing the crutch of ultralow interest rates that are putting competing investments, such as bonds and CDs, at such a disadvantage.

    From the stock market's point of view, Friday's report was just the right level of mediocrity. It showed the economy wasn't tanking, so companies can still make good money. And it showed the job market wasn't likely to cross the Fed's red line soon.
    Job Report Cheers Wall Street, Shows Main Street Paint - Investors.com

    where did ibd err?

Page 17 of 45 FirstFirst ... 7151617181927 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •