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

a351 said:
Fudging the CPI, GDP, and Jobs figures? Who can you trust nowadays??

Based on what exactly?

That might be the most arrogant statement I've seen on these boards. No offense, but you've provided absolutely nothing in the way of insight that would suggest you could hold your own against any of the names mentioned.
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Oh yes, I missed this part before.


I am not saying that Krugman, Bernanke And Yellen do not know macroeconomic terminologies and the like. Of course they do - thousands of times more then I do.

But, imo, they are complete ignoramuses in regards to how the American economy actually operates; what makes it go and what makes it stop and what makes it stagnate.

It is either that or they are lying through their teeth - and I will give them the benefit of the doubt on that.


It should be obvious to these people that the policies of massive money 'printing', 'artificially' low interest rates and huge government deficits that they (to varying extents) are supporting are nothing but a road to economic disaster for America (if these policies continue for the foreseeable future).

The solution to too much debt is NEVER more debt...even a nobody like me knows that one.
 
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iguanaman said:
It's pretty pitiful that when any bad news is released it is Obama's fault and when the news is good it's a lie because the "numbers are skewed". Could you be just a little less obvious that you are hoping for failure? Does that make you proud?
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I'll side with you on this one. Play all the numbers games you want. Call it government politics at work. But in the end, the employment picture is a little better. Let's be glad of that.
 
a351 said:
Complete bunk through and through. Even the dates are wrong, as Clinton took office in 1993. Discouraged and underemployed individuals were never included in the official unemployment figures (previously the U-5 rate). A summary of the actual changes that occurred: http://www.bls.gov/cps/revisions1994.pdf
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Did you even read the link? Didn't think so
 
Oil prices falling. Unemployment falling. Stock market at record highs. Bush's vanity wars winding down.

It's time for the Tea Party Occupied House to claim the nation is on the brink of disaster and hold another vote to repeal Obamacare.

And conservatives wonder why they are going extinct.
 
Baby boomers, the generation born between 1946 and 1964, started reaching the conventional retirement age, 65, last year. That would certainly have many of them leaving their jobs and heading toward the doors. It’s their exit from the labor force that could explain why the labor-force participation rate has fallen
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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
 
6967377782_b43e4dd02d_z.jpg
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you don't even have a link
 
I'd ask for some supporting data for that 9.5 million job claim but I know better
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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.
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9.5 Million People Have Left the Workforce Under Obama | CNS News
 
Conservative said:
Did you even read the link? Didn't think so
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Yes, and curiously enough it said nothing of previously including discouraged and the underemployed in the official figures or altering said practice from '94 onward.
 
as of september last year, 58% of the pathetically few jobs (not even enough to keep up with population) generated by the "obama recovery" earn between 8 and 12 dollars per hour

Majority of new jobs in recovery are low-paying - Los Angeles Times

net income is down $3500 AFTER the recession ended

Household income fell 4.8% during economic recovery - Los Angeles Times

food stamps and disability are at astronomical, unsustainable highs

Food Stamp Use at Record High Amid Economic Recovery

8,830,026: Americans on Disability Hits New Record for 192nd Straight Month | CNS News

as you know

and you're happy?

good for you
 
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The Prof said:
as of september last year, 58% of the pathetically few jobs (not even enough to keep up with population) generated by the "obama recovery" earn between 8 and 12 dollars per hour

Majority of new jobs in recovery are low-paying, study finds - Los Angeles Times

net income is down $3500 AFTER the recession ended

Household income fell 4.8% during economic recovery, study finds - Los Angeles Times

food stamps and disability are at astronomical, unsustainable highs

Food Stamp Use at Record High Amid Economic Recovery

8,830,026: Americans on Disability Hits New Record for 192nd Straight Month | CNS News

as you know

and you're happy?

good for you
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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?
 
head of joaquin said:
Oil prices falling.
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Falling to where?

Unemployment falling.
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Falling to where?
Stock market at record highs.
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Great for the rich, bad for the middle class, the gap between the middle class and the rich has widened under Obama
It's time for the Tea Party Occupied House to claim the nation is on the brink of disaster and hold another vote to repeal Obamacare.
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Obamacare is self destructing have you not heard.

And conservatives wonder why they are going extinct.
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You wish,
 
Conservative said:
So spending over 3.7 trillion a year and adding 6 trillion to the debt didn't solve the problem? What did we get for our money other than debt service?
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No answer will be forthcoming from a liberal. But from a conservative, it got us nowhere except more debt. And by Obama raising the national debt by over 6 trillion so far they are proud of that fact.
 
bloomberg---dominos pizza is hiring big time

Payrolls in U.S. Rise 165,000 as Unemployment Rate Drops - Bloomberg

Companies like Domino's Pizza have indicated they still see strong enough demand to justify increasing their headcounts. The Ann Arbor, Michigan-based pizza chain reported sales at stores open at least 12 months increased in the first quarter by more than 6 percent from a year earlier.

“We’re absolutely hiring right now,” Chief Executive Officer Patrick Doyle said during a May 1 interview on Bloomberg Television. He said “a more comfortable consumer” is driving demand and allowing his business to expand. “Just in the U.S., with 5,000 stores, we could easily hire 10,000 people today.”

Industries adding jobs included leisure and hospitality, including a 38,000 jump at restaurants and bars, today’s report showed. Retail trade and education and health services also increased headcounts.
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too much part time, too many temps

The pullback in the workweek may also be reflected in an increase in part-time employment. The number of employees not toiling a full week rose to 27.5 million from 27.4 million. Some 223,000 more people said they were working part-time because of economic slack last month.

Temporary-help services added 30,800 workers to payrolls in April, the most since February 2012.
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the obama economy is 55 year old former office managers working part time pizza delivery while their retirements have collapsed
 
wsj

U.S. economy creates 165,000 jobs in April - Economic Report - MarketWatch

The U.S. needs to average around 250,000 jobs a month for an extended period to tug the jobless rate back down to precessions levels of under 6%.

The pace of hiring in April is far too slow to accomplish that task.
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and you disagree...

construction down net 6k

1/5 of the new jobs are temps

govt lost net 11k, continuing a long term trend

fed, state and local sinecures have declined net 500k in the last 5 years, says wsj

and that's before sequester

gdp is projected for 1.5 for the quarter

underemployed actually rose from 13.8% to 13.9, which is awfully high

how many of these unemployed are longterm?

and the bottom line---4.4 million americans have dropped out of the workforce in the last 6 months

party on, progressives
 
nyt

The American economy continues to add jobs in proportion to population growth. Nothing less, nothing more.

The share of American adults with jobs has barely changed since 2010, hovering between 58.2 percent and 58.7 percent. This employment-to-population rati stood at 58.6% in April. That is about four percentage points lower than the employment rate before the recession, a difference of roughly 10 million jobs. In other words, the United States economy is not getting any closer to recreating the jobs lost during the recession.

The share of adults looking for work peaked at 6.4 percent of the population in 2010. It fell to 4.7 percent in April. But recall that over the same period, the share of adults with jobs did not change. What grew instead is the share of adults no longer counted as part of the labor force.

And the decline of labor force participation – the technical term for the share of adults working or searching – is primarily the result of a bad economy.

Baby boomers are aging into retirement. Even before the recession, the government projected in 2007 that participation would decline to 65.5 percent by 2016, from 66 percent. But the April rate of 63.3 percent means the labor force has lost roughly five million additional workers.

Furthermore, the projections were wrong. Participation has actually risen among people older than 55. The decline is entirely driven by younger dropouts.

The federal government counts 11.7 million Americans as unemployed. The real number, it follows, is more like 17 million.
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Keeping Up, Not Getting Ahead - NYTimes.com

cuz if the lady don't like it...

"the economy is still roughly 10 million jobs short of returning to normal levels of unemployment and labor force participation, that’s a lot of missing jobs," she laments

she also fears the decline is permanent

cuzza trends concerning folks who go on disability, plus 1.8 million net in the obama recovery

obama's economy is 55 year old former office managers going on permanent disability...

with a broken heart
 
head of joaquin said:
Obama's average monthly job creation rate exceeds Bush's.

Another indication of Bush's failed conservative policies and why stimulus works.
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Yep...and Obama's monthly unemployment rate exceeds Bush's...significantly.

Is this another indication of Obama's failed liberal policies and why...what?
 
today:

No longer does being middle class mean getting ahead. It now means just not falling too far behind.

That's according to the 16th quarterly Allstate-National Journal Heartland Monitor Poll released last week. Here, 54% of those surveyed defined the middle class as those who could still keep up with bills, not get too buried in debt, and not lose their jobs.

Once basic economic goals -- such as paying for a child's college education, retiring comfortably or even just surviving a health care emergency -- are only realistic for the upper class, according to 40% of those surveyed.

Annual vacations, regular pay increases, quality health care, and even just basic job security -- these things are now only manageable for the upper class, about one-third of those surveyed reported.

"People are not really asking the Ronald Reagan question anymore -- Are you better off than you were four years ago? -- because they don't expect to be," said Ronald Brownstein, editorial director for National Journal, in a telephone interview. "Not falling through the floor is the new getting ahead."

People surveyed may know more about the economy because they bear the brunt of it. Here's what a few of them said:

"The middle class has become a treading-water position. …. Opportunities have been stifled in the past 20 or 30 years." -- Loren Cowdery, a graduate student who delivers pizzas in Bellingham, Wash.

"I feel sorry for my kids -- they're just getting out of college -- because they have nothing to look forward to. They're not going to have the ability in the near future to buy a home. There are thousands of people who are going to be stuck with their student loans." -- Tim Cooper, an equipment salesman who lives in the Chicago suburbs.

"Everything is going up, but wages are staying the same. By the time I retire, I hope I have Social Security, because other than that I've got nothing." -- Dale High, a 54-year-old trucker from Idaho.
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Middle class resigned to stagnation - 1 - - MSN Money

barack obama...

he'll break your heart
 
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