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Thread: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by JohnWOlin View Post
    I just want everyone here to know that regardless of who is in charge of what country unemployment has been a tough nut to crack:
    US: 9.2%
    UK: 7.7%
    Canada: 7.6%

    Then in Germany, where they were going under many economical changes and actually expecting the market crash of 08, had a 11% unemployment rate in 2005 and is just now to 6.4% this is under different leaders, and the entire time (other than going flat during the crash for a few months) it steadily declined due to government intervention, higher regulation, job education investment, and so on.

    HOWEVER even more interesting is China's unemployment for years stayed at 10% then right around 2007 and since then has been down to 4% and stayed that way since. Hmmm I wonder where they got all those jobs from...
    A siginificant number of Chinese are underemployed, or in rather unproductive positions

    A grocery store in China has a clerk nearly at every produce table and down each grocery isle. Something you would never see in Canada or the US. China also engaged in a massive stimulus program building infrustructure projects throughout the country ( a large amount of high speed trains)

    Germany was in the years before the crash making some labour market reforms, and tends to cut hours rather then jobs. Which ensures the skills of the workers stays high and makes responding to growth rather easy. Secondly Germany is benifiting from the growth in China, it has a balanced trade account with China and is exporting to China the things China needs
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Lord Tammerlain View Post
    A siginificant number of Chinese are underemployed, or in rather unproductive positions

    A grocery store in China has a clerk nearly at every produce table and down each grocery isle. Something you would never see in Canada or the US. China also engaged in a massive stimulus program building infrustructure projects throughout the country ( a large amount of high speed trains)

    Germany was in the years before the crash making some labour market reforms, and tends to cut hours rather then jobs. Which ensures the skills of the workers stays high and makes responding to growth rather easy. Secondly Germany is benifiting from the growth in China, it has a balanced trade account with China and is exporting to China the things China needs
    I don't think Obama has a clue how our economy works and the fact that it is a private sector, not public sector economy. The way to grow a private sector economy if for the Federal Govt. to provide incentive and then get out of the way, not micro manage it. It is time to get back to defining the role of the Federal and State Governments in this country and until that happens and the Federal Govt. gets back to the role envisioned and created by our Founders we are going to continue to massively grow the entitlement mentality and create unsustainable and massive debt. Too many in this country are dependent on the Federal Govt. and have adopted an entitlement mentality. The fact remains after 2 plus years of Barack Obama unemployment is higher and employment lower than when he took office and that is after massive Federal spending.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Lord Tammerlain View Post
    A siginificant number of Chinese are underemployed, or in rather unproductive positions

    A grocery store in China has a clerk nearly at every produce table and down each grocery isle. Something you would never see in Canada or the US. China also engaged in a massive stimulus program building infrustructure projects throughout the country ( a large amount of high speed trains)

    Germany was in the years before the crash making some labour market reforms, and tends to cut hours rather then jobs. Which ensures the skills of the workers stays high and makes responding to growth rather easy. Secondly Germany is benifiting from the growth in China, it has a balanced trade account with China and is exporting to China the things China needs
    All good points, however a huge amount of our jobs still have gone to China. We also have decent agreements with Germany, as there are several jobs in United States from German companies. In my area alone I can name off Stober, Mubea, Mercades, and I'm sure there are much more. High speed rails hell that would make some jobs. We need some more of those.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by JohnWOlin View Post
    All good points, however a huge amount of our jobs still have gone to China. We also have decent agreements with Germany, as there are several jobs in United States from German companies. In my area alone I can name off Stober, Mubea, Mercades, and I'm sure there are much more. High speed rails hell that would make some jobs. We need some more of those.
    Whose job is it to maintain those high speed rail projects after completed? Is your state ready to pay for high speed rail from D.C. to Florida?

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Gill View Post
    And don't forget that 62,000 of the 244,000 gain in employment was McDonald's hiring fair. Take those minimum wage jobs out and the numbers don't look so great.
    Funny you would mention this (and it came from Rush Limbaugh), when the Wall Street Journal reports that NONE of the McDonald's jobs was included in the April Report.

    Rush Limbaugh just doesn't get it, or maybe he does and just happens to be one of the biggest serial liars in US history.
    Last edited by danarhea; 05-08-11 at 11:33 AM.
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by danarhea View Post
    Funny you would mention this (and it came from Rush Limbaugh), when the Wall Street Journal reports that NONE of the McDonald's jobs was included in the April Report.





    Rush Limbaugh just doesn't get it, or maybe he does and just happens to be one of the biggest serial liars in US history.
    Whether or not they were included is irrelevant as the facts from BLS show more people unemployed today than when Obama took office, higher numbers this month vs. last and fewer people employed than last month or when Obama took office. The picture isn't pretty regardless of how you look at it.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%


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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by danarhea View Post
    Funny you would mention this (and it came from Rush Limbaugh), when the Wall Street Journal reports that NONE of the McDonald's jobs was included in the April Report.





    Rush Limbaugh just doesn't get it, or maybe he does and just happens to be one of the biggest serial liars in US history.
    Hmmm, Let's see Dana, you pull Limbaugh out of context, and put up along side a Kensyean economist that has a history of deflecting anything harmful to your hero Obama, and all this in an insulting post from a guy that is loathed to admit his true leanings in here DANA!

    Let's look at what Limbaugh in the same article reports that MSNBC says, shall we?

    For example, here's a story on unemployment, and this is from the MSNBC website. The headline: "Job Pickup May Not Be Enough to Aid Obama -- President riding high moving into election cycle, but economy lurks." He's not riding high. He is eminently beatable and that's one thing that became clear from the Republican debate last night. He is beatable. And, by the way, somebody I know ran into somebody you see on television all the time, a former Democrat pollster in a greenroom of a TV show who said to my friend that the internal polling in the White House is horrible on the Obama reelect, that the internal reelect number that they have in the White House, the internal number is bad, and that's why you see them doing all the reimaging, reimagining, all the things they're doing with Obama to try to build him back up, because their reelect numbers, contrary to what the Drive-Bys are saying in public, and contrary to what all the State-Controlled Media commentators are doing in cable TV, the White House internal reelect numbers are not good. Don't doubt me on this.
    You need to step up your game in honesty my friend. Limbaugh is right and you know it.


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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    This is indeed sad. I think of high speed rail meant more workers could get more done and it would save people money, people would indeed be for it, especially because our entire airline transportation system is totally ruined by high prices. Our country once prided themselves on our rail systems and I think this would be a great thing.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by JohnWOlin View Post
    This is indeed sad. I think of high speed rail meant more workers could get more done and it would save people money, people would indeed be for it, especially because our entire airline transportation system is totally ruined by high prices. Our country once prided themselves on our rail systems and I think this would be a great thing.
    High speed rail in this country is a failure before it is even built, and it will never get off the ground.

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