Another Jobs Report FAIL - 8.2%

[Soul Crusher]

 

[Soul Crusher]

The Campaign Spot

Election-driven news and views . . . by Jim Geraghty.

Four Years of Disappointing Jobs Reports

By Jim Geraghty

July 6, 2012 10:15 A.M.

Kids, you may not believe this, but there was a time in America when we didn’t all spend the first Friday of the month watching CNBC and groaning at the latest Bureau of Labor Statistics report on unemployment.
 
Yes, today’s jobs report was a disappointment. Almost all of them for the past four years have been disappointing (yes, the economy started losing jobs in February 2008). The single best one was May 2010, when 516,000 jobs were created. The next-best month in that span was this January, with 275,000 jobs created. Only 10 of the past 48 months have seen 200,000 or more jobs created.
 
Monthly job creation bounced around during the Bush years (when the unemployment rate ranged between 4 and 6 percent), but there were some nice monthly pops in the mix. March 2004 saw 337,000 jobs created, April 2005 saw 360,000 jobs created, November 2005 saw 334,000 jobs created, February 2006 saw 316,000 jobs created, January 2007 saw 236,000 jobs created.
 
As CNN noted, “In April 1984, the economy added 363,000 jobs . . . And the Reagan recovery sustained its momentum through the election, averaging 300,000 new jobs a month from May to October.”
 
In the booming 1990s, with a smaller total population, the country created more than 400,000 jobs in a single month several times: 462,000 jobs in March 1994; 434,000 jobs in February 1996, 404,000 jobs in February 1999; 405,000 jobs in October 1999. The economy created an astounding 507,000 jobs in October 1997.
 
We know this is an economy that, under the right circumstances, can create gobs and gobs of jobs in a short period of time. Yes, policies out of Washington are only one of several factors, and troubles in Europe aren’t helping. But Americans should really be tired of an administration that always has new excuses: “This recession turned out to be a lot deeper than any of us realized,” “a string of bad luck,” “the Japanese earthquake” “an Arab Spring” “economic headwinds from Europe” “uncertainty from the debt-ceiling debate” “globalization” “automation” “ATMs,” and so on.
 
Secondly, how much faith should they have in Democratic ideas to spur job creation when Democrats spent much of 2009, 2010, and 2011 insisting the economy was already fixed?
 
Does Rep. Jim Moran (D., Va.) regret saying in June 2010, “The economy has recovered”?
 
Does Treasury Secretary Tim Geithner regret writing an op-ed entitled “Welcome to the Recovery” in the New York Times on August 2, 2010?
 
Does Ron Sims, deputy secretary of housing and urban development, regret writing on the White House blog that “this summer is sure to be a Summer of Economic Recovery” in June 2010?
 
Does DNC chair Debbie Wasserman Schultz regret saying in June 2011, “I’m going to take ownership right now because we began to turn the economy around”?
 
They thought their policies fixed the economy. But we’re still waiting to see serious job creation. It’s time for a new approach.




Tags: Barack Obama, Unemployment Rate
 

[Soul Crusher]

http://thecaucus.blogs.nytimes.com/2012/07/06/obama-promotes-a-long-view-on-jobs/?hp


panic setting in 

[Vince G, CSN MFT]

Map is very deceiving.  Obama did not take office until Jan 2009....by then unemployment was over 9.0%.  However it makes it appear that he took office in 2008.....


In any event, the failure of jobs falls upon both parties.....all of the energy that could have been used for serious reform is instead wasted on mindless bickering and finger pointing.

[Soul Crusher]

Map is very deceiving.  Obama did not take office until Jan 2009....by then unemployment was over 9.0%.  However it makes it appear that he took office in 2008.....


In any event, the failure of jobs falls upon both parties.....all of the energy that could have been used for serious reform is instead wasted on mindless bickering and finger pointing.

Obama was supposed to change the tone remember?


Reagan worked w Tip Oneal

LBJ worked w senators and house people

clinton worked w Newt

W worked w demos to get some stuff done 




Why is only that Obama can't do the same?   

[Soul Crusher]

A disappointing jobs picture and no, we're not doing better than Europe
Fox News ^ | July 6, 2012 | John Lott
Posted on July 6, 2012 9:04:31 PM EDT by Bobbys1963

Americans faced another disappointing jobs picture today. Of course, we could go through the numbers again. With the working age population growing by 191,000 last month, 80,000 more jobs doesn’t even come close to absorbing all these new workers, let alone employing those who have long been out of work. And then there’s the most important number of all: for 41 months, the unemployment rate has been above 8 percent.

But how does the US labor market compare to Europe or the rest of the world? Earlier this week news reports may have made Americans feel a little better, if only by comparison. Reflecting the philosophy that you should be thankful for what you have because things could always be worse, the headline in the Los Angeles Times read: “Think 8.2% unemployment is bad? It's a record 11.1% in Europe.” An Associated Press article carried by Fox News and a host of other outlets made the same point.

The point has not been lost on President Obama, whose administration frequently references Europe as an explanation for our slow growth. Last month, Obama noted: “slower growth in Europe means slower growth in American jobs.”

The problem with such a seemingly obvious comparison is that . . .

(Excerpt) Read more at foxnews.com ...

[Vince G, CSN MFT]

Obama was supposed to change the tone remember?


Reagan worked w Tip Oneal

LBJ worked w senators and house people

clinton worked w Newt

W worked w demos to get some stuff done 




Why is only that Obama can't do the same?   

Yes, and it was foolish that he thought that Dem's and GOP would get in a circle and sing kum by ya....

[andreisdaman]

Republicans are too dependent on our government. There was a time where we didnt rely on government to fix everything.

 

[andreisdaman]

What? No ass-kicking thread today, drone?

At least you had the balls to post in here while your buddies Blacken, Straw Man and co try to avoid it.

hey, the numbers are bad....you guys can rejoice for a while so I guess I have to take it....I do admit that the 84,000 jobs created is not good........and as I have always stated it is now Obama's economy and he can't go on blaming Bush.....

but I still want him in the white house over the flip-flopper

[andreisdaman]

Obama was supposed to change the tone remember?


Reagan worked w Tip Oneal

LBJ worked w senators and house people

clinton worked w Newt

W worked w demos to get some stuff done 




Why is only that Obama can't do the same?   

Obama couldn't change the tone with people who were trying to de-legitimize his presidency by claiming he wasn't a citizen...that went on for three years...the Republicans were determined to deny Obama anything.....

[Soul Crusher]

Obama couldn't change the tone with people who were trying to de-legitimize his presidency by claiming he wasn't a citizen...that went on for three years...the Republicans were determined to deny Obama anything.....

Excuses excuses excuses.

[andreisdaman]

Excuses excuses excuses.

you are absolutely batshit crazy

[Fury]

Flashback 2004: Obama Dismisses Job Creation Of 310,000 New Jobs Under Bush

[ Invalid YouTube link ]

Hahahahaha.

[Soul Crusher]

Flashback 2004: Obama Dismisses Job Creation Of 310,000 New Jobs Under Bush

[ Invalid YouTube link ]

Hahahahaha.

Andre won't recover.

[andreisdaman]

Andre won't recover.

recovering quite nicely thank you....you know you are desperate when you have to go all the way back to 2004 to find something

[whork]

Obama was supposed to change the tone remember?


Reagan worked w Tip Oneal

LBJ worked w senators and house people

clinton worked w Newt

W worked w demos to get some stuff done 




Why is only that Obama can't do the same?   

Because the repub are blockking everything?

[Soul Crusher]

Because the repub are blockking everything?

Lol.   Like what?   Name what they are blocking?   

Putting more govt parasites back on the teet of the taxpayer?   Uuuhhh no thanks.

[whork]

Lol.   Like what?   Name what they are blocking?   

Putting more govt parasites back on the teet of the taxpayer?   Uuuhhh no thanks.

They filibuster everything and sucks the rich peoples cocks..oh sorry the "jobcreators" cocks.

What patriots they would have supported the british as well in those days they go where the money is

[Soul Crusher]

The Single Most Accurate Indicator of Labor Market Health (couldn't be clearer)
 Mercatus ^ | 7-6-12 | Keith Hall




The release of the June labor market data marks the third anniversary of the official end of the recession that began in June 2009. Thus, this is a good moment to look at the single best indicator of U.S. labor market health. As is so often the case, it is also one of the simplest: the employment-to-population ratio.

In essence, this tells us what share of the working-age population (16-years old and above) has a job. When the ratio goes up, things are getting better. When it doesn’t, the labor market is not recovering.

To know what kind of job growth we need for economic recovery, we must first realize that the United States is still a growing nation. Each month, the working-age population grows by an estimated 180,000 people. Simply to support this growing population, we need to add at least 130,000 new jobs.

With anything less, we fall further behind. No matter what the other economic data indicates, a true labor market recovery requires job growth strong enough to consistently raise the employment-to-population ratio.

This would mean adding at least 250,000 new jobs per month, every month, for years.

[whork]

The Single Most Accurate Indicator of Labor Market Health (couldn't be clearer)
 Mercatus ^ | 7-6-12 | Keith Hall
The release of the June labor market data marks the third anniversary of the official end of the recession that began in June 2009. Thus, this is a good moment to look at the single best indicator of U.S. labor market health. As is so often the case, it is also one of the simplest: the employment-to-population ratio.

In essence, this tells us what share of the working-age population (16-years old and above) has a job. When the ratio goes up, things are getting better. When it doesn’t, the labor market is not recovering.

To know what kind of job growth we need for economic recovery, we must first realize that the United States is still a growing nation. Each month, the working-age population grows by an estimated 180,000 people. Simply to support this growing population, we need to add at least 130,000 new jobs.

With anything less, we fall further behind. No matter what the other economic data indicates, a true labor market recovery requires job growth strong enough to consistently raise the employment-to-population ratio.

This would mean adding at least 250,000 new jobs per month, every month, for years.

Do you even read what you post/paste

[Soul Crusher]

Do you even read what you post/paste

Yes - obama is full of shit and trying to polish a kenyan turd saying we are going in the right direction, when more monthly people are going on disability than getting jobs and we are not even keeping up with demographic reality. 


Only a messiah worshipping cultsist and slave could still spin this shit as anything but the disaster it is. 

[whork]

"To know what kind of job growth we need for economic recovery, we must first realize that the United States is still a growing nation. Each month, the working-age population grows by an estimated 180,000 people. Simply to support this growing population, we need to add at least 130,000 new jobs.

With anything less, we fall further behind. No matter what the other economic data indicates, a true labor market recovery requires job growth strong enough to consistently raise the employment-to-population ratio.

This would mean adding at least 250,000 new jobs per month, every month, for years."

You are screaming for the government to fix this yet you claim to be a free market capitalist who wants government involvement out of the way.

Can you explain this please?

[Soul Crusher]

Our Backwards President
 Townhall.com ^ | July 9, 2012 | Bob Beauprez




The June jobs report was disappointing for the third consecutive month – just 80,000 new jobs created.  And, yet the President said "that's a step in the right direction."


Baloney! 

Two new workers are being added to the population for every one job that is created. The only direction Obama has the economy moving is backward. 

A quick look at the Bureau of Labor Statistics report shows that the Civilian Labor Force grew by 156,000 workers in June – nearly twice the number of new jobs.   

Just to keep up with population growth, on average our economy needs to be adding about 125,000 jobs per month.  To dig out from this deep sustained recession, replace the 8 million jobs lost and keep pace with population growth, economists tell us that we need to be creating at least 250,000 jobs monthly for about five years. 

However, over the last three months the size of the work force population has increased by 75,000 more than the total number of people with a job.  Obama's economic policies don't even have us treading water, much less moving forward.

In addition to the phony "right direction" claim last Friday, Obama touted the creation of "4.4 million new jobs over the past 28 months."  It actually has been 30 months, but close enough considering the source.

But, what Obama chooses to ignore is that the population total increased by 7.3 million over those same 30 months, according to the Labor Department.  Using a normal Labor Force Participation Rate of 66.5%, slightly more that 5 million new jobs would have been necessary just to keep pace with population growth.   

Not only has Obama failed to lead us to a strong economic recovery, the numbers from his own Labor Department suggest we're still losing ground.

[Soul Crusher]

[andreisdaman]

This post above is the best post you ever made