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Thread: Obama announces his Candidacy for 2012.

  1. #1071
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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by The Prof View Post
    Jobs barely rise, dousing hopes of revival - Yahoo! Finance



    are YOU in a position to deny ap?

    furthermore:



    state layoffs (on the order of hundreds of thousands) are just getting going, for your information

    State budgets are set to cause strain on the economy - Josh Boak - POLITICO.com

    hold on, folks, she's coming down fast
    Ought to be a fun day as the Obama supporters attempt to spin these economic results. Wow, 18000 jobs!! 9.2% Unemployment!!! 16.2% U-6 unemployment!! I can hear it now, 4 more years!! 4 More Years!! Can the country survive 4 More Years!!

    Liberals better stop buying the smile, rhetoric, and personal appearance of this con artist

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    Re: Obama announces his Candidacy for 2012.

    today:

    WASHINGTON—The U.S. labor market could stay sluggish for a while, with small-business executives reluctant to hire amid the murky economic outlook.

    Almost two-thirds—64%—of small-business executives surveyed said they weren't expecting to add to their payrolls in the next year and another 12% planned to cut jobs, according to a U.S. Chamber of Commerce report to be released Monday. Just 19% said they would expand their work forces.

    More than half of the small-business executives in the June 27-30 survey cited economic uncertainty as the main reason for holding back on hiring. About a third blamed lack of sales, while just 7% pointed to problems getting credit.
    Little Hiring Seen by Small Business - WSJ.com
    Last edited by The Prof; 07-11-11 at 12:40 PM.

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    Re: Obama announces his Candidacy for 2012.

    yesterday: The disappearing black middle class - Chicago Sun-Times

    Millions of Americans endured financial calamities in the recession. But for many in the black community, job loss has knocked them out of the middle class and back into poverty. And some experts warn of a historic reversal of hard-won economic gains that took black people decades to achieve.

    “History is going to say the black middle class was decimated” over the past few years, said Maya Wiley, director of the Center for Social Inclusion. “But we’re not done writing history.”

    Adds Algernon Austin, director of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy: “The recession is not over for black folks.”

    In 2004, the median net worth of white households was $134,280, compared with $13,450 for black households, according to an analysis of Federal Reserve data by the Economic Policy Institute. By 2009, the median net worth for white households had fallen 24 percent to $97,860; the median net worth for black households had fallen 83 percent to $2,170, according to the institute.

    Austin thinks more black people than ever before could fall out of the middle class because the unemployment rate for college-educated blacks recently peaked and blacks are overrepresented in state and local government jobs. Those are jobs that are being eliminated because of massive budget shortfalls.

    Since the end of the recession, which lasted from 2007 to 2009, the overall unemployment rate has fallen from 9.4 to 9.1 percent, while the black unemployment rate has risen from 14.7 to 16.2 percent, according to the Department of Labor. Last April, black male unemployment hit the highest rate since the government began keeping track in 1972. Only 56.9 percent of black men over 20 were working, compared with 68.1 percent of white men.

    Even college-educated blacks fared worse than their white counterparts in the recession. In 2007, unemployment for college-educated whites was 1.8 percent; for college-educated blacks it was 2.7 percent. Now, the college-educated unemployment rate is 3.9 percent for whites and 7 percent for blacks.

    Nearly 8 percent of African Americans who bought homes from 2005 to 2008 have lost them to foreclosure, compared with 4.5 percent of whites, according to an estimate by the Center for Responsible Lending.
    ap's version, also yesterday: Black economic gains reversed in Great Recession - Yahoo! Finance

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    Re: Obama announces his Candidacy for 2012.

    today:

    Here’s a fact that should give economists—and maybe President Obama’s political team—heartburn: Two years after the Great Recession officially ended, job prospects for young Americans remain historically grim. More than 17 percent of 16-to-24-year-olds who are looking for work can’t find a job, a rate that is close to a 30-year high. The employment-to-population ratio for that demographic—the percentage of young people who are working—has plunged to 45 percent. That’s the lowest level since the Labor Department began tracking the data in 1948. Taken together, the numbers suggest that the U.S. job market is struggling mightily to bring its next generation of workers into the fold.

    As The Atlantic’s Don Peck wrote last year, citing a litany of research from Yale University’s Lisa Kahn, college graduates who enter the labor force during a recession make significantly less money—in their first year and over the course of their careers—than grads who walk into an economic boom. Workers stuck in the unemployment line for an extended period risk watching their skills atrophy and face increasing difficulty finding new jobs. That’s particularly true, though, for people waiting and waiting and waiting to land their first job. The longer a whole batch of fledgling workers sits waiting to be hired, the more the economy risks losing young employees with valuable, high-end skills at a time when global competition is increasingly fierce.
    The Glum and the Restless - Jim Tankersley - NationalJournal.com

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    Re: Obama announces his Candidacy for 2012.


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    Re: Obama announces his Candidacy for 2012.

    today: Gallup: U.S. Satisfaction Slides to Two-Year Low

    Americans' satisfaction with the way things are going in the country fell to 16% in July, the lowest in more than two years. Satisfaction approached this level in December 2010, when it descended to 17%, but it has not registered as low as 16% since February 2009 -- President Barack Obama's first full month in office -- when it was 15%.

    Satisfaction fell four percentage points just in the last month, from 20% in June. Among party groups, Democrats' satisfaction has dropped the most, from 35% to 25%. Independents' satisfaction in June and July was fairly steady at 17% and 14%, respectively, and Republicans' was unchanged at 9%.

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    Re: Obama announces his Candidacy for 2012.

    yesterday: unnamed republican beats obama by 8

    Gallup: "Republican Candidate" Extends Lead vs. Obama to 47% to 39%

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    Re: Obama announces his Candidacy for 2012.


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    Re: Obama announces his Candidacy for 2012.

    today: CNBC: Unemployment Claims Up, Job Growth Falters

    that's FIFTEEN straight weeks above 400,000, the level associated with a stable jobs market

    seeya at the polls, progressives

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    Re: Obama announces his Candidacy for 2012.

    today: Return of Mass Layoffs a Grim Sign for U.S. Workers | Daily Ticker - Yahoo! Finance

    Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts.

    Those announcements follow 41,432 in planned cuts in June, up 11.6% from May and 5.3% vs. a year earlier, according to Challenger, Gray & Christmas.

    Meanwhile, state and local governments have cut 142,000 jobs this year, The WSJ reports, and Wall Street is braced for another round of cutbacks. This week, Goldman Sachs announced plans to let go 1000 fixed-income traders.
    it's too late to turn around these markets before the campaign gets critical, you understand

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