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Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Your Star View Post
    Don't know why anyone would rage; more jobs is a good thing.
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    As I understand things, most of the jobs added over the last few years have been lower-income than those that were lost.

    So while it is a positive that there are more jobs, I don't think you could say that the economy has recovered to it's previous point.

    Well, the Stock market is kinda doing it's own thing, all the time, somehow...
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    As I understand things, most of the jobs added over the last few years have been lower-income than those that were lost.
    Which is not surprising because there is a larger talent pool than before. When there are multiple people eager to fill one job, you can afford to pay that position less because someone really needs the job and will take less. When the potential employee pool shrinks, then the position becomes harder to fill and wages/benefits go up to entice people to the position.

    Our country needs to focus on finding ways to get people jobs, to incentivize hiring in the country. The problem with this is there's always another election coming around and the last thing one party wants to do is pass legislation which will allow the other party to take credit for getting someone a job and better wages/salary.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Slyfox696 View Post
    Which is not surprising because there is a larger talent pool than before. When there are multiple people eager to fill one job, you can afford to pay that position less because someone really needs the job and will take less. When the potential employee pool shrinks, then the position becomes harder to fill and wages/benefits go up to entice people to the position.

    Our country needs to focus on finding ways to get people jobs, to incentivize hiring in the country. The problem with this is there's always another election coming around and the last thing one party wants to do is pass legislation which will allow the other party to take credit for getting someone a job and better wages/salary.
    I actually meant that the new jobs were much lower income than the old jobs - not that the old jobs were filled with lower-paid new-hires. That the old higher-pay jobs are gone, and these new jobs are more entry-level in nature.

    Which makes sense, really. I just don't think you can compare job numbers without taking into account the wages paid for that job and the hours worked.

    A 40 hr/week manufacturing job that pays 20$/hr (more?) with health care and retirement benefits cannot compared favorably to a 30 hr/week (or less) job that pays min wage.

    Edit: But I'm sure in some cases your described scenario applies.
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by a351 View Post
    By one cent, yes. This would also be only the second time hourly wages have dropped in the past year.
    It's a drop, and we have been adding low wage jobs for a while now. The 1 cent drop shows that we aren't improving the quality of jobs that are being created.
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Helix View Post
    monthly jobs report. rage or rejoice.
    Do progressive only look at the jobs gained rather than also factoring the jobs lost? or in other words a net loss?

    Of course not because the goal is to make progressives and especially Obama look good.

    I know progressive love numbers, so factor in the stimulus - can any of these awesome progressive tell me how much it costs to create these alleged jobs? - even if they exist at all?

    I'd bet my balls that it costs more to create a job than what an individual makes via salary..

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Mr.Nick View Post
    Do progressive only look at the jobs gained rather than also factoring the jobs lost? or in other words a net loss?
    Does Mr. Nick not realize that the figure reported every month is in net form? Using BLS figures, we lost millions of jobs in 2009 alone. Does that mean that not a single job was added? Or perhaps your understanding of this stuff is virtually non-existent?

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Mr.Nick View Post
    Do progressive only look at the jobs gained rather than also factoring the jobs lost? or in other words a net loss?

    Of course not because the goal is to make progressives and especially Obama look good.

    I know progressive love numbers, so factor in the stimulus - can any of these awesome progressive tell me how much it costs to create these alleged jobs? - even if they exist at all?

    I'd bet my balls that it costs more to create a job than what an individual makes via salary..
    i'm not sure exactly what you're asking, but here is what the data looks like back to 2004 (see USA Today link in my post upthread.)

    jobsreport.jpg

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Helix View Post
    i'm not sure exactly what you're asking, but here is what the data looks like back to 2004 (see USA Today link in my post upthread.)

    jobsreport.jpg
    Wonder what happened to those shovels for those shovel ready jobs in the Stimulus passed in February 2009. Seems they didn't get to the locations as promised or there wouldn't have been that many jobs lost in 2009. Easier to blame Bush for the job loss vs. explaining the reality that this was another Obama lie.

    Further what people don't want to recognize is that discouraged workers were 700,000 last month and those people although unemployed aren't counted which makes the unemployment rate lower. Obama has had record numbers of discouraged workers making the unemployment rate look better than it really is and that number is reflected in the U-6 reported number of 12.7% as well as the labor participation rate of 63% which still is at record lows.

    All this shows is that the Obama economic policy has been a disaster but far too many don't look inside the numbers. There are still fewer people working today than when the recession began in December 2007 and yet the debt has increased over 6.7 trillion dollars in less than 6 years to generate those numbers.

    Discouraged workers by month


    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 804 885 803 835 780 1027 988 866 852 815 762 861
    2014 837 755 698
    Last edited by Conservative; 04-05-14 at 10:19 AM.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    I see the monthly, or bi monthly (depending on peoples attention span) talk about the phony jobs numbers is upon us again....

    It's all propaganda. If you want to know how this country is doing just ask your neighbor, or friend, or family member that is out there looking for work, and can't find it. Just take a cruise in your electric smart car, and take a look around town, and notice how many businesses are shuttered. How many strip malls that used to have stores, and traffic are now either slotted for, or torn down completely. How many downtown's are only half occupied and operating.....etc.

    We have lost a lot in the past 6 years. And no amount of manipulation of statistics make up for the actual eyes on feel of what "the new norm" is...People see that.

    People notice that they look for work and only get offered a job with 23 hours a week. People notice that they go to the grocery store today and spend $200. on groceries that a few years ago they spent $150 on. People notice that the same paycheck that they earned 5 years ago hasn't changed, and that the take home has actually gone down because taxes have risen. All of this are the real indicators that people see, and are told that things are getting better? They know that's bull, and will vote accordingly.
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