U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%[W:59]

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

disneydude said:

LOL...Con....the only one "running" is you. You cannot accept the fact that Texas is dead last (tied with Mississippi) for having the highest percentage of people working for minimum wage. Deal with it my friend. It it your state that has created the reality that Corporations get rich with free land give aways and tax breaks for the wealthy.....all the while the people work for minimum wage and have the worst healthcare and education in the country. Be proud my friend.

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That is a lie, you don't seem to comprehend that California which had an $8 an hour MINIMUM Wage isn't counted by BLS. You are unable to grasp that is over 1.5 MILLION people. TX has 500,000 being paid 7.25 on the second highest labor force in the nation but for some reason, 7.25 per hour pays for a lot more in TX than $8 paid for in California. Amazing. You buy what you are told but simply have no credibility.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

disneydude said:

BTW.....you STILL are trying to argue that the economy was better under Bush? too funny. The more you keep trying to argue that GWB led us to economic Utopia, while people know otherwise...just further erodes the little credibility that you have.

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It was, but then again economic numbers are foreign to people like you who buy rhetoric and think with your heart. Still waiting for you to name for me the economic numbers that Obama has today that are better than Bush's? You made the claim now prove it.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Conservative said:

That is a lie, you don't seem to comprehend that California which had an $8 an hour MINIMUM Wage isn't counted by BLS. You are unable to grasp that is over 1.5 MILLION people. TX has 500,000 being paid 7.25 on the second highest labor force in the nation but for some reason, 7.25 per hour pays for a lot more in TX than $8 paid for in California. Amazing. You buy what you are told but simply have no credibility.

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LOL...Con....the facts speak for themselves. It has been posted numerous times and well documented that Texas and Mississippi have the highest percentage of people working for minimum wage...no amount of spin and shuffle from you are going to change the facts. Sorry Bub.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Conservative said:

It was, but then again economic numbers are foreign to people like you who buy rhetoric and think with your heart. Still waiting for you to name for me the economic numbers that Obama has today that are better than Bush's? You made the claim now prove it.

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Congratulations....I think you are the sole surviving member of this forum that continues to attempt to argue that the economy under GWB was better than today. I actually doubt that actually believe it. I think you just feel some personal responsibility to try to personally recessitate GWB's failed legacy.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

disneydude said:

LOL...Con....the facts speak for themselves. It has been posted numerous times and well documented that Texas and Mississippi have the highest percentage of people working for minimum wage...no amount of spin and shuffle from you are going to change the facts. Sorry Bub.

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You have posted nothing, post for me the number of people on California Minimum wage?

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

disneydude said:

Congratulations....I think you are the sole surviving member of this forum that continues to attempt to argue that the economy under GWB was better than today. I actually doubt that actually believe it. I think you just feel some personal responsibility to try to personally recessitate GWB's failed legacy.

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I deal with actual data, you deal with feelings. It would be very easy for you to prove me wrong if I am wrong but you choose words as usual over actual data and facts.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Conservative said:

I deal with actual data, you deal with feelings. It would be very easy for you to prove me wrong if I am wrong but you choose words as usual over actual data and facts.

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92,000,000 working-age Americans don't work. That doesn't sound like low unemployment to me.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Erod said:

92,000,000 working-age Americans don't work. That doesn't sound like low unemployment to me.

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Liberals let social issues determine their leaning and ignore the economic results which actually would affect the social issues. If we had a strong economy social issues would be mostly taken care of. People with more money in their pocket donate more to charities who do more good than bureaucrats in D.C.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

NIMBY said:

We all know how ConservaTEA/FOX spinners would be jubilant if these numbers over 200,000 for the last SIX months were for Romney. Another great day for America, another sad day for the anti-Obama/anti-Democratic crowd .

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According to the household survey, only 132,000 jobs were created and the unemployment rate went up (not down).

Table A-1. Employment status of the civilian population by sex and age


Plus, the prime 25-54 age group lost 142,000 jobs.

Table A-9. Selected employment indicators


That is your idea of a 'great day for America?


For the record - I am not a con.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

DA60 said:

According to the household survey, only 132,000 jobs were created and the unemployment rate went up (not down).

Table A-1. Employment status of the civilian population by sex and age


Plus, the prime 25-54 age group lost 142,000 jobs.

Table A-9. Selected employment indicators


That is your idea of a 'great day for America?


For the record - I am not a con.

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It is logic and comments like those of NINBY that make me a Con. They think with their hearts instead of their brain.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Conservative said:

Liberals let social issues determine their leaning and ignore the economic results which actually would affect the social issues. If we had a strong economy social issues would be mostly taken care of. People with more money in their pocket donate more to charities who do more good than bureaucrats in D.C.

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That's because people are more prudent with their own money than politicians are with other people's money.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Erod said:

That's because people are more prudent with their own money than politicians are with other people's money.

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Politicians on both sides spend money to buy votes. Most are more concerned about the next election than doing their job of being prudent with taxpayer money and making the right decisions. Kicking the can down the road isn't the right decision.

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

disneydude said:

LOL...Con....the only one "running" is you. You cannot accept the fact that Texas is dead last (tied with Mississippi) for having the highest percentage of people working for minimum wage. Deal with it my friend. It it your state that has created the reality that Corporations get rich with free land give aways and tax breaks for the wealthy.....all the while the people work for minimum wage and have the worst healthcare and education in the country. Be proud my friend.

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I will be having a long wait for you to prove the bolded, underlined part of your post above.

Here is what you want to ignore


Minimum Wage Workers in Texas – 2013

Of the 6.3 million workers paid hourly rates in Texas in 2013, 223,000 earned exactly the prevailing federal minimum wage of $7.25 per hour, while 177,000 earned less, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that the 400,000 workers earning the federal minimum wage or less made up 6.4 percent of all hourly-paid workers in the state. Nationwide, those earning the federal minimum or less accounted for 4.3 percent of the hourly-paid workforce. (The Texas minimum wage is equal to the prevailing federal minimum wage.)

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Texas Labor force of 13 million and 400,000 make the Federal Minimum wage or less making that 3% of the labor force and you call that the worst in the country? Walt Disney would be extremely disappointed in your math skills.

California has more than 3 times the number of workers making California Minimum wage than the number of Texans but that fact and reality escapes you. Why?

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

Conservative said:

I will be having a long wait for you to prove the bolded, underlined part of your post above.

Here is what you want to ignore


Minimum Wage Workers in Texas – 2013




Texas Labor force of 13 million and 400,000 make the Federal Minimum wage or less making that 3% of the labor force and you call that the worst in the country? Walt Disney would be extremely disappointed in your math skills.

California has more than 3 times the number of workers making California Minimum wage than the number of Texans but that fact and reality escapes you. Why?

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Whats the point Con? You just will continue to shuffle and spin. Face it.....you cannot handle the truth. You only live inside your own created world in which GWB was a great leader who led the world to economic Utopia. But anyway....here you go again:
Regarding minimum-wage workers, the Austin American-Statesman said in a July 17 news article that Texas and Mississippi led the nation last year with 9.5 percent of hourly workers earning at or less than the federal minimum hourly wage of $7.25

Re: U.S. Adds 209,000 Jobs in July, Unemployment Rate at 6.2%

disneydude said:

Whats the point Con? You just will continue to shuffle and spin. Face it.....you cannot handle the truth. You only live inside your own created world in which GWB was a great leader who led the world to economic Utopia. But anyway....here you go again:
Regarding minimum-wage workers, the Austin American-Statesman said in a July 17 news article that Texas and Mississippi led the nation last year with 9.5 percent of hourly workers earning at or less than the federal minimum hourly wage of $7.25

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BLS is the official keeper of employment data and you have yet to prove your claim that TX has the highest percentage of employees making minimum wage in the nation. You are the one that continues to shuffle and spin in your own lies and distortions. Reality, California has the highest number of minimum wage workers in the nation, three times the number that TX has and that is according to your state labor board but keep spinning, keep distorting, and keep lying. It just so happens that the California minimum wage was 8 dollars and hour compared to 7.25 per hour in TX. You simply cannot grasp the concept that the numbers you are posting are Federal Minimum wage and of course you ignore cost of living. Don't worry, you can move to TX and live on the minimum wage here, something you cannot do in California.

Do you even know how many people in the country are making an hourly wage and then the Federal Minimum wage? Read the article I posted from BLS and then apply your percentage to that total, compare it to the 13 million in the labor force and then apologize for making a dumbass claim. It really is sad that someone your age is so married to a failed ideology that you cannot admit you are wrong. I do feel sorry for people like you, guess that is the liberal in me.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Conservative said:

It is logic and comments like those of NINBY that make me a Con. They think with their hearts instead of their brain.

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Well, I assume like most people, he read the headline but did not bother to read anything else.

This is not a good employment report.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

DA60 said:

According to the household survey, only 132,000 jobs were created and the unemployment rate went up (not down).

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More than 2 million jobs have been created year over year. The unemployment rate went up due to more people entering the labor force.

Why haven't you commented on the 285 full time jobs that were created in July? Your obsession with finding ANYTHING negative in the economic data sticks out like a sore thumb.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

FWIW

The current steak of 200k+ monthly job creation is the best since............ 1997.

And given the ISM data released yesterday, we shouldn't see this level of bias to the downside.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Kushinator said:

More than 2 million jobs have been created year over year. The unemployment rate went up due to more people entering the labor force.

Why haven't you commented on the 285 full time jobs that were created in July? Your obsession with finding ANYTHING negative in the economic data sticks out like a sore thumb.

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Sounds a lot like you and your support for anything that comes out of this Administration and promoting it as positive. Only this month did we get back to the Employment of December 2007 which was the beginning of the recession and yet we still have well over 700,000 discouraged workers, 7.5 million part time employees looking for full time work, low labor participation rate, and 9.7 million unemployed.

Isn't it amazing that with a reported 4% GDP Growth that employment didn't meet economists forecasts? Doesn't seem that the two, unemployment and economic growth are in sync. Wonder why that is? Couldn't have anything to do with poor Obama leadership, could it? When was the last time you heard Obama talk about the greatness of America and the benefits generated by the private sector? Where is the positive leadership instead of being divisive and promoting class warfare?

Seems that far too many like you don't understand marketing at all nor the value of a positive pro growth economic policy. There is a reason Obama's poll numbers are so low and boosted only by the low information voter which I never dreamed you would be part of.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Kushinator said:

FWIW

The current steak of 200k+ monthly job creation is the best since............ 1997.

And given the ISM data released yesterday, we shouldn't see this level of bias to the downside.

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Here is what good quality leadership and a pro growth economic policy will generate

Labor Force Statistics from the Current Population Survey
Original Data Value

Series Id: LNS12000000
Seasonally Adjusted
Series title: (Seas) Employment Level
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over
Years: 1980 to 2014

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1980 99879 99995 99713 99233 98945 98682 98796 98824 99077 99317 99545 99634
1981 99955 100191 100571 101056 101048 100298 100693 100689 100064 100378 100207 99645
1982 99692 99762 99672 99576 100116 99543 99493 99633 99504 99215 99112 99032
1983 99161 99089 99179 99560 99642 100633 101208 101608 102016 102039 102729 102996
1984 103201 103824 103967 104336 105193 105591 105435 105163 105490 105638 105972 106223
1985 106302 106555 106989 106936 106932 106505 106807 107095 107657 107847 108007 108216
1986 108887 108480 108837 108952 109089 109576 109810 110015 110085 110273 110475 110728
1987 110953 111257 111408 111794 112434 112246 112634 113057 112909 113282 113505 113793
1988 114016 114227 114037 114650 114292 114927 115060 115282 115356 115638 116100 116104

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Recession ended November 1982. With the recession as bad as you and others claimed the rebound has been puny at best.

With such low standards that apparently you have, is it no wonder that leadership and strong economic results aren't something you understand

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Conservative said:

Seems that far too many like you don't understand marketing at all nor the value of a positive pro growth economic policy. There is a reason Obama's poll numbers are so low and boosted only by the low information voter which I never dreamed you would be part of.

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I have made it a point to label the recovery as slow, but then again it's not really surprising given the level of global financial calamities we have endured in the past 6 years.

It looks as though the U.S. labor market has reached escape velocity. Here is a podcast that can further explain the concept.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Conservative said:

........

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Why even bother replying to my comment if you refuse to address a single point made?

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Kushinator said:

I have made it a point to label the recovery as slow, but then again it's not really surprising given the level of global financial calamities we have endured in the past 6 years.

It looks as though the U.S. labor market has reached escape velocity. Here is a podcast that can further explain the concept.

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It is hard to explain the concept to people like you who have such low economic standards and understanding of incentive including even your own. It really is hard making you and others understand the value of promoting a pro growth economic policy in a country built on the private sector. Govt. spending will only go so far and last so long. How good Americans can support this incompetence and low economic results is beyond comprehension.

The American leadership is under attack with Obama and it is American leadership that is missing in this so called world economy. You and others want to focus on big business but it is the small local businesses suffering and holding the economy and job creation back.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Kushinator said:

Why even bother replying to my comment if you refuse to address a single point made?

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Maybe if you get someone to help you read the charts I posted you will understand that I did address every point you made.

Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

Kushinator said:

More than 2 million jobs have been created year over year. The unemployment rate went up due to more people entering the labor force.

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Oh come on now.
When Bush was in charge and the economy was losing jobs hand over fist during the Great Recession, did you say 'forget these terrible job losses, look at how the economy did over the last year overall'? Of course you didn't. Talk about partisan cherry picking. I am surprised you did not go back 5 years.

I could care less how the economy did from a year ago (unless it points to a recent trend)...and so do most respected economists, IMO. Wall Street does not think 'Gee these numbers are not good...but that does not matter, they were good 9-12 months ago'. Of course not...they go on the latest numbers and on recent trends.

And the latest numbers and trends are not good.

Since March, only 610,000 total jobs (full and part time) have been created - or only 152,500 per month...which I am quite sure you know is not even enough to keep up with the population growth. And that is despite the supposed (as Conservative pointed out) 4% GDP rise from April-June.

That is a negative trend.

Why haven't you commented on the 285 full time jobs that were created in July? Your obsession with finding ANYTHING negative in the economic data sticks out like a sore thumb.

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Well the two facts don't really add up this month. The BLS household data says only 131,000 jobs were created and yet says that 337,000 full and part time jobs were created...so something does not add up (though last month the two did add up).

But even if we assume both numbers are somehow accurate...in the last four months, only 74,000 full time jobs (as opposed to 773,000 part time jobs) have been created...that is DEFINITELY a bad trend, IMO.

Table A-9. Selected employment indicators

Table A-1. Employment status of the civilian population by sex and age


Btw, it was also not a good month in that many areas of the economy saw lower weekly earnings like the Goods Producing Industry as well as Information, Financial Activities, Professional And Business Services and Other Services.

Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted


Plus the unemployment rate went up.


I am not sure how all this adds up to anything but a bad (though not horrible) month to you...must be your apparent political partisanship.

Whereas I am not loyal to either party AT ALL...I have no such bias.


Good day.