• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

US Creates 69,000 New Jobs, Unemployment Rate 8.2%

American

Trump Grump Whisperer
DP Veteran
Monthly Donator
Joined
Mar 11, 2006
Messages
96,065
Reaction score
33,385
Location
SE Virginia
Gender
Male
Political Leaning
Conservative
News Headlines

The American jobs engine hit stall speed in May, with the economy adding just 69,000 new jobs while the unemployment rate climbed to 8.2 percent.

As another summertime swoon looms, the Bureau of Labor Statistics reported that job creation missed economist estimates for 158,000 new positions, and said labor force participation remains near 30-year lows though incrementally better than last month.

The unemployment rate that counts discouraged workers rose as well, swelling to 14.8 percent.

In May, stocks suffered through their worst month in two years, and the job-creation figures only added to the gloom.

Doesn't look good, things seem to be stalling still.
 
The unemployment rate that counts discouraged workers rose as well, swelling to 14.8 percent

:shock: yikes.

This isn't going to rebound with Europe headed down, either. :(

Anyone still think that the economy bouncing back makes Obama a shoe-in?
 
http://www.bls.gov/news.release/pdf/empsit.pdf

When you break down the report there's a number of interesting notables, I notice that the HIGHEST number of unemployment is coming from those without any completed high school education. On page 5, those with no completed high school education their unemployment rate is 13%, those with a high school education/some college are at 8% and those with at least a bachelor's degree at 3.9%. Liberals keep pushing folks to go to COLLEGE, I say push them to FINISH high school, most jobs require at least a high school dipolma for the most part so where are these people going without one?

We also just aren't GROWING enough, there's no reason to hire anybody else when your current levels of employment is sustainable enough. We need growth policies in this country, no more keynesian economic approaches.
 
eventually, we might want to rethink both our manufacturing and energy models.
 
The unemployment rate that counts discouraged workers rose as well, swelling to 14.8 percent

:shock: yikes.

This isn't going to rebound with Europe headed down, either. :(

Anyone still think that the economy bouncing back makes Obama a shoe-in?

If the economy were bouncing back it would be a shoo-in for Obama. Of course, it's not so there you go.
 
Here's John Tucker's plan to fix the economy:

1.) Get manufacturing back in this country, change our trade laws and make it happen.

2.) Get an all of the above energy production going immediately.

3.) Fix the skills gap across the country, there's 3-4 million open positions without enough qualified applicants to fill them. Here in my state of Michigan, there's 80,000 - 100,000 open positions RIGHT NOW that employers can't find enough qualified applicants to fill them. Most of these positions are in healthcare, IT, law, medicine, nursing, finance, accounting, business, education and engineering. We need college students to go to college and major in THESE areas, not the dumb majors like Art, English, Psychology, Sociology, Women's Studies, etc. that build no real employable skills or relevant experience.

4.) Reform the tax code, 50% pay no income taxes and a small group of people pay the MAJORITY of the income taxes. Implement a progressive low flat tax rate structure, take out all these deductions, credits and exemptions, simplify the code.

5.) Get our budgets balanced immediately so we are no longer adding to the national debt, cut government.

6.) Get these students to stay in school and graduate high school. Where in the hell are you going in LIFE without graduating high school? I don't get it??

If you fix the skills gap ALONE, that unemployment number comes down to the 6.8% area, when you fix manufacturing and the energy production issues, now we are down to under 6% at around 5.7%. When you do everything else, we are now around 5% unemployment.

Listen folks, the foundation and BULK of what makes America number one is STILL THERE. We are still the top economy in the world and we are still growing even though it's very slow and the jobs are being added even though they are very low.

If we implement my pro-growth policies above, the jobs market will be fixed and we will have one of the biggest growth rates ever.
 
We need to rethink who our president is and soon!

We will have to wait till 2016 since the GOP decide to nominate someone that is constitutionally ineligible for the presidency.
 
This should be moved to the economy forum.
 
Evidence implies an employment exhaustion point in February, as job gains pushed through the 52 week moving average only to fall back below in March.

Also, the recent uptick in the U-6 unemployment metric is attributable to short term unemployment volatility, i.e. U-1, U-2, and U-3 all moved higher. Given that they are the most representative of the entire population, we should expect U-6 follow accordingly (discouraged workers held constant).
 
Wow. Can big business make money in an environment like this? If they can then aren't we doing OK?
 
News Headlines



Doesn't look good, things seem to be stalling still.



President Obama hasn't the chops for the job. He had no experience when he took the job, and we are now paying the price for voting for his inexperience. Book learning isn't the same as actual experience.


I'm voting for Romney in November. The country can't take another 4years of an OJT President.
 
Wow. Can big business make money in an environment like this? If they can then aren't we doing OK?

The rational response for any profit making entity is to protect short term profits, although it looks as though most businesses have elected to cut costs rather than shift them (the smart response).
 
Figuring at some point today it will be ‘Bush’s fault’…uh, wait one…:


“Problems in the job market were long in the making and will not be solved overnight”

The Employment Situation in May | The White House

That didn’t take long…:lamo
 
For all intents and purposes, the election effectively ended this week. Obama is done. He will lose by at least the same margin he won by in 2008.
 
Unfortunately for Obama this is primarily being driven by fear of a chain reaction collapse in Europe, and also by weakness in Asia due to weak European demand. IOW, it hurts the US but there's not much we can do about it. Of course we should be doing additional stimulus but with the current GOP that's not really an option.

But I'm sure that conservatives will applaud the rise in work force participation rate. :lol:
 
For all intents and purposes, the election effectively ended this week. Obama is done. He will lose by at least the same margin he won by in 2008.

Holy premature ejaculation, Bat Man!
 
President Obama hasn't the chops for the job. He had no experience when he took the job, and we are now paying the price for voting for his inexperience. Book learning isn't the same as actual experience.


I'm voting for Romney in November. The country can't take another 4years of an OJT President.


That's why we need obama. He has more experience. He has been president for 4 years. Mexican romney has never been president in his life.
 
Holy premature ejaculation, Bat Man!

Perhaps. But, the writing is on the wall.

Bad jobs numbers. Market doom. Dems abondoning ship. Major pushback against Bain attacks. Dire fundraising requests.

His campaign is a total 180 from 2008. Every single attack theyve made against Romney the last two months has blown up in their faces. Contrasting that with things like Romneys brilliant stunt in front of Solyndra yesterday. Its amatuer hour in the Chicago headquarters. You are seeing a campaign in a death spiral. Theres no record of accomplishment to run on.
 
Figuring at some point today it will be ‘Bush’s fault’…uh, wait one…:


“Problems in the job market were long in the making and will not be solved overnight”

The Employment Situation in May | The White House

That didn’t take long…:lamo

Saying they were long in the making is accurate. It was a situation that was waiting for a big fall and it took one. Putting all the blame on Obama is very shortsighted.
 
Saying they were long in the making is accurate. It was a situation that was waiting for a big fall and it took one. Putting all the blame on Obama is very shortsighted.

By the same metric putting all the blame on Bush is very narrow minded.
 
Perhaps. But, the writing is on the wall.

Bad jobs numbers. Market doom. Dems abondoning ship. Major pushback against Bain attacks. Dire fundraising requests.

His campaign is a total 180 from 2008. Every single attack theyve made against Romney the last two months has blown up in their faces. Contrasting that with things like Romneys brilliant stunt in front of Solyndra yesterday. Its amatuer hour in the Chicago headquarters. You are seeing a campaign in a death spiral. Theres no record of accomplishment to run on.

More histrionics.... We're looking at a modest two-month dip. Democrats are not defecting. Obama has tons more money than Romney.

It will depend on how the economy performs from now to November.
 
The world has changed. While we were busy warring, everyone else was busy adjusting.

No matter who is elected, America has placed itself firmly behind the times. Other countries are better educated, draw more moderate wages and stay the hell out of every war they can find.
 
Back
Top Bottom