latest jobs report

[pmacdaddy]

Congrats on a sputtering economy and lower median income after 4 years at the helm.

[joeydb]

Yeah, allegedly down to 7.8% woo hoo!!

What are the odds that Obama's "master plan" involved having elevated unemployment from the Bush years, and over 8% for 43 straight months before coming down slightly?

Isn't it more logical that if Obama's plans were doing any good, that there would have, at some point, been a gradual but steady downward trend in unemployment?

Jack Welch's comments on "cooking the books" don't sound too far-fetched.

[Riot]

Originally Posted by joeydb

Isn't it more logical that if Obama's plans were doing any good, that there would have, at some point, been a gradual but steady downward trend in unemployment?

That's what has happened, no? 10.1 down to 7.8?

Obama's gradual downward trend virtually exactly matches Reagans' numbers for his first term in 1984

That's why it is so endless hilarious to me, to see the current right wing go ballistic over stuff that is ... exactly like previous Republican presidents have gone through.

[Riot]

More bad news for Republicans, good news for America

1) BLS just announces Unemployment down to 7.8%

2) CBO just announces last week that Obama budget-tightening is working, federal budget deficit has gone down for the third year in a row.

2009 10.1 % of GDP
2010 9.0 % of GDP
2011 8.7 % of GDP
2012 7.0 % GDP

We want it about 3-4% of GDP, so a ways to go, but it's definitely in right direction. Congrats Obama.

3) Federal spending tightened right down to 1.2 trillion a year (lowest since Reagan) Congrats Obama.

4) Last week another 91 providers were busted for Medicare fraud, to the tune of $430 million in false billings.

That's a total of $882 million in savings from Medicare fraud this year alone, uncovered due to provisions in Obamacare that make it easier to find and prosecute. Dang - congrats Obama, again.

http://www.nytimes.com/2012/10/05/bu...t-91.html?_r=0

It amazes me the lies about finances and economy that float around this presidency, spread by RWNJ. The truth is rather palatable and pleasant. Yeah, and nobody is saying it's perfect - it's definitely headed the right way, and denying that is simply hallucinatory.

[Rudeboyelvis]

Let’s review:

* The 114,000 jobs created in September is below the average created this year, which was 146,000.
* The 114,000 jobs created in September is below the average created last year, which was 153,000.
* The U-6 unemployment number, which reflects the entire labor situation, was basically unchanged at 14.7 percent.
* If labor participation was where Obama had inherited it from George W. Bush, the unemployment rate would be closer to 11 percent.
* Part-time people employment jumped from 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009. That means the quality of jobs people are finding is dropping.
* And a comparison: During the Ronald Reagan recovery the country average around 275,000 new jobs a month.

Updated:

* A 7.8 percent today ties Bush’s worst unemployment month.
* Although previous job growth revised up by 126,000, job growth in private sector was revised down by 4,000.
* August 2010: 58.5 percent of working age Americans had jobs.
* August 2012: 58.3 percent of working age Americans had jobs.
* 38,000 manufacturing jobs lost since August
* Black unemployment January 2009: 12.6 percent … Sept 2012: 13.4 percent.

If bringing the unemployment rate back to the 7.8 percent (with fewer people working at lousier jobs) is what a stimulus plan, three rounds of quantitative easing and endless spending gets us, this presidency can be safely categorized as one of the worst investments in history.


Your constant drumbeating is ponderous (you may need to look it up).

Nobody is buying it.

[jms62]

Originally Posted by Rudeboyelvis

Let’s review:

* The 114,000 jobs created in September is below the average created this year, which was 146,000.
* The 114,000 jobs created in September is below the average created last year, which was 153,000.
* The U-6 unemployment number, which reflects the entire labor situation, was basically unchanged at 14.7 percent.
* If labor participation was where Obama had inherited it from George W. Bush, the unemployment rate would be closer to 11 percent.
* Part-time people employment jumped from 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009. That means the quality of jobs people are finding is dropping.
* And a comparison: During the Ronald Reagan recovery the country average around 275,000 new jobs a month.

Updated:

* A 7.8 percent today ties Bush’s worst unemployment month.
* Although previous job growth revised up by 126,000, job growth in private sector was revised down by 4,000.
* August 2010: 58.5 percent of working age Americans had jobs.
* August 2012: 58.3 percent of working age Americans had jobs.
* 38,000 manufacturing jobs lost since August
* Black unemployment January 2009: 12.6 percent … Sept 2012: 13.4 percent.

If bringing the unemployment rate back to the 7.8 percent (with fewer people working at lousier jobs) is what a stimulus plan, three rounds of quantitative easing and endless spending gets us, this presidency can be safely categorized as one of the worst investments in history.


Your constant drumbeating is ponderous (you may need to look it up).

Nobody is buying it.

[bigrun]

Three GOP Rules for the 47%.

There are three rules for the modern workplace:

1. Shut the fuc.k up
2. Get back to work.
3. Bring me the money. NOW, aszhole, I don't got all day.

[Riot]

Originally Posted by Rudeboyelvis

Let’s review:

* The 114,000 jobs created in September is below the average created this year, which was 146,000.
* The 114,000 jobs created in September is below the average created last year, which was 153,000.
* The U-6 unemployment number, which reflects the entire labor situation, was basically unchanged at 14.7 percent.
* If labor participation was where Obama had inherited it from George W. Bush, the unemployment rate would be closer to 11 percent.
* Part-time people employment jumped from 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009. That means the quality of jobs people are finding is dropping.
* And a comparison: During the Ronald Reagan recovery the country average around 275,000 new jobs a month.

Updated:

* A 7.8 percent today ties Bush’s worst unemployment month.
* Although previous job growth revised up by 126,000, job growth in private sector was revised down by 4,000.
* August 2010: 58.5 percent of working age Americans had jobs.
* August 2012: 58.3 percent of working age Americans had jobs.
* 38,000 manufacturing jobs lost since August
* Black unemployment January 2009: 12.6 percent … Sept 2012: 13.4 percent.

If bringing the unemployment rate back to the 7.8 percent (with fewer people working at lousier jobs) is what a stimulus plan, three rounds of quantitative easing and endless spending gets us, this presidency can be safely categorized as one of the worst investments in history.


Your constant drumbeating is ponderous (you may need to look it up).

Nobody is buying it.

Funny. You bought it during Reagan. With ponderous drumbeating by conservatives.

Geebus effing cripes - nobody is doing an incredible happy dance over 7.8- but compared to 10.1, yeah, it's MUCH BETTER.

Totally hilarious to see the jobs number come down from 10.1 to 7.8 (and yes, everybody knows the ancillary details, Joey, that is not "news", and the constant "yes but" that everybody freakin' knows is just silly) and the RWNJ jumping through hoops to paint it in a bad light.

If you think that the effects of the great recession could be completely reversed and eliminated in 3 years - with zero help from the opposition party, btw - you're one of the people who mistakenly think Obama was elected Jesus, not President. No president could have done better.

The constant attacks and lies are beyond absurd. Shows how hate for Obama is far greater than jobs numbers heading in the right direction. Anger over jobs numbers lowering? That's just ... hate.

Geeshus cripes.

This president has cut federal spending to the bone, gotten completely aggressive exposing and eliminating Medicare fraud, extended it's life 8 years, lower the deficit (not our debt, the deficit) every year he's been in office, and lowered unemployment numbers.

Again - against an opposition party that met the night he was elected and swore they would sabotage him at every turn. Oh, yeah - Paul Ryan was at that meeting. The biggest "no nothing" congress in decades, historical lack of any action to help the USA in our current Republican House. That's beyond disgusting - they need to be kicked out of office. That alone disqualifies Paul Ryan from office in my eyes - that he puts politics above our well-being as taxpayers.

Yes - more is needed. No shi.at!

The constant bullshi.at "sky is falling!" screams about failure just doesn't stand up to reality.

[Honu]

I don't hate him, I just think he is not qualified to do the job. I don't like his policies and I think overall someone else with more experiance would be better.

[Rudeboyelvis]

Originally Posted by Riot

The constant attacks and lies are beyond absurd. Shows how hate for Obama is far greater than jobs numbers heading in the right direction. Anger over jobs numbers lowering? That's just ... hate.

Typical. Pointing out facts and not drinking the Kool Aid = "constant attacks" and of course.....ya know it's coming..........wait for it............... OMFG RACISM!!!

How many trillions between QE 1,2,3 and the failed stimulus did these 8 million seasonal part time jobs actually cost?