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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on July 06, 2012, 05:34:48 AM
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http://www.businessinsider.com/june-nonfarm-payrolls-report-2012-7
Not even keeping up w demographic growth. P A T H E T I C
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http://www.cnbc.com/id/48092010 (http://www.cnbc.com/id/48092010)
Ouch. Fucking awful. No way to sugar coat this.
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June Non-Farm Payrolls Come At 80,000, Misses Expectations; Unemployment Rate 8.2%
www.zerohedge.com
Submitted by Tyler Durden on 07/06/2012 08:32 -0400
Unemployment
The June Non-farm Payroll number of 80,000 comes below expectations of 100,000. Private payrolls miss even worse, at 84,000 below consensus of 106,000. Unemployment rate prints at 8.2%, inline with expectations. U-6, or broad unemployment rose from 14.8% to 14.9%. Worst is that the number is not bad enough for more NEW QE immediately.
Those not in the labor force rose by 34,000 to 87,992, the second highest ever, although good enough to keep the participation rate unchanged at 63.8%, and above the recent April low of 63.6%.
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When even the expectations are for a terrible 100,000 you know just how bad it is.
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84,000 new jobs.
This might be satisfactory for men like Rick Scott (we are adding jobs in FL) and Mitt Romney (the economy is recovering)..
But I"m disappointed it's not more job growth. I like a little, but would prefer more.
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When even the expectations are for a terrible 100,000 you know just how bad it is.
Bottom line is that we are sliding backwards since we are not even keeping even w new entrants into the job market, so less people newly looking for work can't find anything and people already unemployed can't find anything at all either.
Yet - taxes going up, health , food, energy, etc all still very high.
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84,000 new jobs.
This might be satisfactory for men like Rick Scott (we are adding jobs in FL) and Mitt Romney (the economy is recovering)..
But I"m disappointed it's not more job growth. I like a little, but would prefer more.
(http://chzgifs.files.wordpress.com/2012/05/funny-gifs-gets-sick-of-the-sea.gif)
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http://www.bls.gov/news.release/empsit.nr0.htm
Black UE sharply on the rise.
HOPE AND CHANGE!!!!!
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This is awful. They had even raised expectatons yesterday.
Another disastrous report for a regime that can't do anything correctly.
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This is awful. They had even raised expectatons yesterday.
Another disastrous report for a regime that can't do anything correctly.
ObamaCare alone is going to sink any hope of a recovery EVER.
Companies are simply not going to hire anyone so long as this commnunist creep, and his radical cabinet members, are in control of the govt.
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Cue the sheeple.
Just kidding, they won't post in this thread.
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84,000 new jobs.
This might be satisfactory for men like Rick Scott (we are adding jobs in FL) and Mitt Romney (the economy is recovering)..
But I"m disappointed it's not more job growth. I like a little, but would prefer more.
Man, that's horrible...only 84k jobs created...... ::)
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Man, that's horrible...only 84k jobs created...... ::)
I know you're not stupid, so do you really not understand this, or are you just trolling?
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Out of a nation of 300,000,000 do you people understand how awful this is 3 years after the so called recession "ended"?
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JUNE JOBS REPORT MISSES EXPECTATIONS, UNEMPLOYMENT 8.2%
Eric Platt|Jul. 6, 2012, 8:30 AM|26,226|58
Sandra Mu/Getty Images
UPDATE:
U.S. payrolls expanded by just 80,000 net jobs in June keeping the unemployment rate flat at 8.2 percent, new data from the Bureau of Labor Statistics shows.
The private sector only expanded by some 84,000 positions.
Economists polled by Bloomberg had forecast a gain of 100,000 positions during the month, with private payrolls advancing 106,000.
The disappointing report, which follows several months of weak economic gains, has sent U.S. markets sharply lower.
Millan Mulraine, an economist with TD Securities, attributed the gains to the manufacturing industry, which improved by 11,000 jobs this June. The service sector added 71,000 positions, down from 81,000 a month earlier.
However, Mulraine said the new data continues to emphasize the stagnating labor market recovery.
"The slow pace of jobs growth underscores the weakening economic growth momentum and reinforces the perception that the economy has remain mired in another soft patch," Millan says. "With the labor market recovery appearing to be stalled, the case for further policy accommodation will likely be strengthened, particularly given the benign inflationary background."
The report comes in sharp contrast to private payrolls data out of ADP just a day earlier that showed the economy expanded by 179,000 in June. That figure caused many analysts on Wall Street to raise their expectations going into this morning's announcement.
Adding further pressure to President Obama heading into the election, Hispanic and Latino unemployment remained essentially unchanged at 11.0 percent.
The unemployment rate for white men and women was unchanged at 7.4 percent, while 184,000 more black American's went without a job in June, for an unemployment rate of 14.4 percent.
May and April data were also revised during the month. In April, the BLS now estimates the economy added 68,000 jobs from an earlier report of 77,000. At the same time, employment grew by 77,000 in May, up from last month's report of 69,000.
Below, key output from the Bureau of Labor Statistics.
Nonfarm Payroll Change: +80K
Private Payroll Change: +84K
Manufacturing Change: +11K
Unemployment Rate: 8.2 percent
Average Hourly Earnings (MoM): +0.3 percent
Average Weekly Hours Worked: 34.5 hours
Underemployment Rate (U6): 14.9 percent
SEE ALSO: Legendary Economist Jim O'Neill Wants Everyone At Goldman Sachs To See These 7 Charts >
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ORIGINAL (8:00 a.m.):
At 8:30 a.m., the Bureau of Labor Statistics will publish its June employment situation report which includes the latest unemployment rate and the number of nonfarm payrolls added by U.S. companies.
Here's what the Street is looking for:
Nonfarm Payroll Change: +100K
Private Payroll Change: +106K
Manufacturing Change: +7K
Unemployment Rate: 8.2 percent
Average Hourly Earnings (MoM): +0.2 percent
Average Weekly Hours Worked: 34.4 hours
Consensus for the the report has been revised upwards over the past 24 hours, after the month's ADP Employment Report showed 176,000 jobs had been created during the month, sharply above estimates.
We'll be updating live at 8:30 a.m.
SEE ALSO: Here Are The Jobs Report Predictions From Wall Street's 24 Best Economists >
Read more: http://www.businessinsider.com/june-nonfarm-payrolls-report-2012-7#ixzz1zqj2s05H
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Hispanic Unemployment Remains Sky High, Which Is Really Bad For Obama
Brett LoGiurato|37 minutes ago|1|
Hispanic and Latino unemployment remained essentially unchanged at 11.0 percent, according to the latest Bureau of Labor Statistics report released Friday. It remains at sky-high May levels, which further complicates things for President Barack Obama heading into November.
That's down from 11.6 percent last June, but the rate has gone steadily up for much of the calendar year at a seasonally adjusted rate.
Despite the popularity of Obama's shift in immigration policy, most Latino voters place it well behind the economy in terms of issue importance to them heading into the November election between Obama and presumptive Republican nominee Mitt Romney.
A recent Gallup poll put unemployment second on the Hispanic voters' issue list. Overall, health care, unemployment, economic growth and "the gap between the rich and poor" are higher priorities to the majority of Latino voters than immigration.
The same poll gave Obama a 66 to 25 lead over Romney among Latinos. But if the reports keep coming in at these high levels, there may be an opportunity for Romney and Republicans to make inroads.
Read more: http://www.businessinsider.com/hispanic-unemployment-june-jobs-report-2012-7#ixzz1zqjj0TfV
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http://www.huffingtonpost.com/2012/07/06/june-jobs-report-unemployment-rate_n_1653579.html#comments
LOL - libs melting down blaming Bush.
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;D
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Republicans are too dependent on our government. There was a time where we didnt rely on government to fix everything.
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Republicans are too dependent on our government. There was a time where we didnt rely on government to fix everything.
LOL. Just go away and hide until palin or bachmann does something stupid for you to meltdown over.
Face it - so long as ObaMugabe is POTUS - this nation will be in collapse, decline, despair, decay, etc.
Even if Romney sat as a plant in the corner of the office and did nothing at all, that would be far preferable to what we have going on now.
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LOL. Just go away and hide until palin or bachmann does something stupid for you to meltdown over.
Face it - so long as ObaMugabe is POTUS - this nation will be in collapse, decline, despair, decay, etc.
Even if Romney sat as a plant in the corner of the office and did nothing at all, that would be far preferable to what we have going on now.
You are whining and whining for the government to fix everything yet you claim to support freedom. You really are losing your grip on reality, homie
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kaliforniaboy
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Become a fan
30 seconds ago (10:01 AM)
I SERIOUSLY DOUBT that the Black President could DO AS MUCH DAMAGE to our economy or country that they WEALTHY GREEDY UNCARING WHITE MAJORITY created for ALL OF US...But since Black people have ALWAYS had to live the "double Standard"..it's ONLY reasonable that the FIRST Black President would be "blamed and made to fix" the situation BUT GOD FORBID A BLACK MAN FIX the UNITED STATES ECONOMY...How would that Look to History..!?!?!?!
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http://www.huffingtonpost.com/2012/07/06/june-jobs-report-unemployment-rate_n_1653579.html#comments
Andre is that you?
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You are whining and whining for the government to fix everything yet you claim to support freedom. You really are losing your grip on reality, homie
You are confused.
3333 is pointing out the failure that is Obama and at the same time laughing at you for believing in him. He is not asking the government to fix anything or dependent on the government like 100% of Democrats.
Fix yourself, sparky.
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You are confused.
3333 is pointing out the failure that is Obama and at the same time laughing at you for believing in him. He is not asking the government to fix anything or dependent on the government like 100% of Democrats.
Fix yourself, sparky.
We need to get rid of ThugCare , get rid of Dodd Frank, break up TBTF banks, boot the illegals draining the nation, lower the minimum wage, drastically change the UE insurance program, etc
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You are confused.
3333 is pointing out the failure that is Obama and at the same time laughing at you for believing in him. He is not asking the government to fix anything or dependent on the government like 100% of Democrats.
Fix yourself, sparky.
"He is not asking the government to fix anything"
No thats why he spends most of his life in here posting articles of how the government is not fixing the economy etc. Are you on crack?
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"He is not asking the government to fix anything"
No thats why he spends most of his life in here posting articles of how the government is not fixing the economy etc. Are you on crack?
LOL. Your world salad meltdowns now that Obama's disastrous record of collapse, decay, incompetence, failure and decline is back in focus is comical.
BTW what are "Sheeps"
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LOL. Your world salad meltdowns now that Obama's disastrous record of collapse, decay, incompetence, failure and decline is back in focus is comical.
BTW what are "Sheeps"
Yes im having a meltdown ???
You mean like posting on getbig 24/7 and screaming commie traitor at everyone who posts in here?
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Yes im having a meltdown ???
You mean like posting on getbig 24/7 and screaming commie traitor at everyone who posts in here?
Only those still supporting obama like yourself and tghe other "SHEEPS"
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Yes im having a meltdown ???
You mean like posting on getbig 24/7 and screaming commie traitor at everyone who posts in here?
You're on here all day and you actually converse with yourself on your gimmicks. Stop embarrassing yourself, you jobless deadbeat, BlackenWhorkMonsAnusEtcE tc.
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Jobs report: 80K jobs added, 8.2% jobless rate; Update: Worst quarter in 2 years
posted at 8:33 am on July 6, 2012 by Ed Morrissey
The jobs report for June shows another gloomy month in the US economy. Job growth amounted to a disappointing 80,000, below analyst expectations of 90-100K, while the jobless rate remained the same at 8.2%:
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month. …
In June, the number of long-term unemployed (those jobless for 27 weeks and over) was essentially unchanged at 5.4 million. These individuals
accounted for 41.9 percent of the unemployed. (See table A-12.)
Both the civilian labor force participation rate and the employment-population ratio were unchanged in June at 63.8 and 58.6 percent,
respectively. (See table A-1.)
This is only a bare improvement over last month’s report, with its addition of 77,000, an upward revision from the report a month ago, which had May at 69,000. The average monthly job growth has been 75,000 over the last three months — when we need 125K-150K to keep up with population growth. It’s a measure that shows us going backwards … again.
The bad news gets even worse when looking at combined unemployment and underemployment, as measured by U-6. That measure had dropped to a years-long low in March and April of 14.5%, but now has ticked upward two months in a row, and is back to 14.9%. Joblessness among African-Americans jumped by 184,000 and the rate shot up from 13.6% to 14.4%, the highest it has been since December 2011.
Update: CNBC notes that the June report makes the second quarter of 2012 the worst hiring period in two years:
With yet another month of weak employment growth, the second quarter marks the weakest three-month period in two years.
May’s weak initial 69,000 report was revised upward to 77,000, which made the June number essentially flat.
There were a few bright spots: The overall work week edged higher by 0.1 hour to 34.5 hours and average hourly earnings grew 6 cents to $23.50.
But it was an otherwise dismal report that will up the stakes in the race between President Obama and Republican challenger Mitt Romney.
Dismal, indeed. No one can pretend that the Q2 figures are some sort of hiccup. We are decelerating, and we’re decelerating from stagnation levels, which leaves us very few options as to the eventual destination.
The Associated Press also reports on the weakness of the economy:
U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling three years after the recession ended.
The Labor Department said Friday that the unemployment rate was unchanged at 8.2 percent.
The economy has added just 75,000 jobs a month in the April-June quarter. That’s one-third of 226,000 a month created in the first quarter. Job creation is also trailing last year’s pace through the first six months of 2012.
Again, the direction is clear, as is the destination, unless we change direction on economic policy. That is, of course, why we have elections.
The AP report offers this curious analysis:
A weaker job market has made consumers less confident. They have pulled back on spending, even though gas prices have plunged.
I think they have this backwards. Gas prices have dropped significantly because demand has fallen.
Update II: This is a good time to remind people of the implications of Barack Obama’s immigration policy change this month. The pledge to issue work permits means that we may potentially add 1.2 million workers to the workforce over the next two years. That means we will have to add jobs at a rate closer to 200,000 per month just to keep up with population growth and the policy change.
Update III: The AP article also reports that one-third of the job gain came from temp hires. That may or may not be a bad thing; temp hires usually presage some expansion, but that’s something you want to see more toward the beginning of a recovery than three years into it. At this stage, and with these low overall numbers, it looks a lot more like bet-hedging.
Update IV: Here is a graph of the U-6 measure since the BLS began reporting it in 1994:
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Economics, Pethokoukis
June jobs swoon: America’s labor market depression continues
James Pethokoukis | July 6, 2012, 9:31 am
This was not the employment report either the American worker or the Obama campaign wanted to see right now. The Labor Department said the U.S. economy created just 80,000 jobs in June, less than the 90,000 economists had been forecasting. And private-sector job growth was just 84,000, down sharply from 105,000 in May. Not doing fine.
The unemployment rate stayed at a lofty 8.2%.
As a research note from RDQ economics put it: “The good news is that employment growth is not slowing further but there is no sign of it picking up either. At this pace, job creation is not fast enough to lower the unemployment rate with the labor force growing at close to 150,000 per month on average.” Shorter: Stagnation Nation
This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.
Just 75,000 jobs were created, on average, per month in the second quarter vs. 226,000 in the first quarter. And for the year, monthly job creation has averaged just 150,000 vs. 153,000 last year. Both numbers are extremely weak.
But those top-line numbers actually overstate the health of the labor market.
– If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today—the U-3 unemployment rate would be 10.9%. Even if you take into account that the LFP should be declining as America ages, the unemployment rate would be 10.5%.
– The broader U-6 unemployment rate, which includes “all persons marginally attached to the labor force, plus total employed part time for economic reasons,” is 14.9%, up a bit from May.
– The average duration of unemployment ticked up to 39.9 weeks.
– It will take 219,000 net new jobs a month for unemployment rate to be below 8% on Election Day if current participation rate holds steady.
– Job growth during the three-year Obama recovery has averaged just 75,000 a month for a total of 2.7 million. During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.
– The U.S. work force remains shrunken with just 58.6% employed:
None of this should be surprising. The economy grew a bit less than 2% last year, and we averaged about 150,000 new jobs a month. We are growing a bit less than 2% this year, and job growth is averaging about 150,000 jobs a month. And there are few signs the rest of the year will be any better. And given a) how the eurocrisis is AGAIN flaring up, and b) China continues to slow, it sure seems like 2% growth and 8% unemployment is a best-case scenario with plenty of downside risk — for the economy and the Obama campaign.
James Pethokoukis is a columnist and blogger at the American Enterprise Institute. Previously, he was the Washington columnist for Reuters Breakingviews, the opinion and commentary wing of Thomson Reuters.
Pethokoukis was the business editor and economics columnist for U.S. News & World Report from 1997 to 2008. He has written for many publications, including The New York Times, The Weekly Standard, Commentary, National Review, The Washington Examiner, USA Today and Investor’s Business Daily.
Pethokoukis is an official CNBC contributor. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, The McLaughlin Group, CNN and Nightly Business Report on PBS. A graduate of Northwestern University and the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! Champion.
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10 reasons why jobs market even worse than weak June employment report
1 Comment
By ED CARSON
Posted 08:51 AM ET
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Nonfarm payrolls rose by just 80,000 in June, slightly worse than expected and the third straight month of sub-100,000 job growth. The jobless rate held at 8.2%. The employment report was disappointing. Here are 10 reasons why the jobs market is even worse than the headline figures.
1. Unemployment has topped 8% for 41 straight months. Last time above 8% - December 1983.
2. The jobless rate actually makes the labor market look better than it actually is. The rate only counts people who want a job but don't have one. But the labor force participation rate was 63.8% in June, just above near modern-era lows. (It was 66.2% in January 2008 and 67.3% in April 2000). Otherwise, unemployment would be around 11%.
3. The employment-to-population ratio for those aged 25-54 dipped to 75.6% in June, down sharply from 80% in January 2008. Many economists left and right view the core employment ratio as one of the cleanest views of the labor market, because it includes those who have stopped looking for work while excluding the bulge in retirees and young adults in school.
4. Chronic unemployment. The average length of unemployment rose to 39.9 weeks in June, close to recent peak. It was 17.4 weeks at the January 2008 peak and 23.9 weeks in June 2009, when the recession officially ended. Long-term joblessness is particularly bad because skills erode or become obsolete, leading to permanent losses in income.
5. The U.S. added 225,000 jobs in the second quarter vs. 677,000 in Q1. That was the smallest quarterly gain since Q1 2010 — excluding the Q3 2010 post-Census decline. June's gain of 80,000 is not enough to absorb new workers to prevent the unemployment rate from rising over the long term.
6. Nonfarm payrolls are 4.935 million, or 3.6%, below their January 2008 peak.
7. This is already the longest jobs recession since the Great Depression at 53 months. Payrolls aren't on track to reach the old highs until June 2015, assuming the sluggish economic expansion lasts that long.
8. Private sector "doing fine"? Private-sector employment still down 3.9%, or 4.502 million. Government jobs overall are down 1.9%, with federal jobs (ex post office) up 10.7%.
9. Entrepreneurial activity fading. The number of startup firms has crashed from pre-recession highs, still near levels previously seen in the early 1980s, when the number of establishments was far lower. Establishments less than a year old, including those belonging to the same firm, totaled 556,553 in 2010, according to the latest Commerce Department data. That's down 26% from the peak of 747,278 in 2006. Meanwhile, the number of employees at startups has plunged, with a greater share of new firms with no employees — one-man shops. Very small startups are less likely to invest or to grow, a bad sign for future hiring.
10. Gross hiring. The monthly payrolls report refers to net job gains — hiring minus the number of people who were laid off or quit. Layoffs are near decade lows. Actual gross hiring fell to 4.175 million in April, the most recent month in Labor's JOLTS survey. That's the lowest since last July. Weak gross hiring reflects companies remaining cautious. It also makes it harder for the unemployed to find work, which is probably one reason why unemployment duration is so high.
Andrew Malcolm is on vacation. You can follow Ed Carson on Twitter (EdCarson1) and Facebook.
http://news.investors.com/article/617140/201207060851/10-reasons-jobs-market-worse-than-june-report.htm?p=full
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9. Entrepreneurial activity fading. The number of startup firms has crashed from pre-recession highs, still near levels previously seen in the early 1980s, when the number of establishments was far lower. Establishments less than a year old, including those belonging to the same firm, totaled 556,553 in 2010, according to the latest Commerce Department data. That's down 26% from the peak of 747,278 in 2006. Meanwhile, the number of employees at startups has plunged, with a greater share of new firms with no employees — one-man shops. Very small startups are less likely to invest or to grow, a bad sign for future hiring.
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ThugCare anyone?
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http://business.time.com/2012/07/06/u-s-hiring-likely-improved-only-modestly-in-june
1/3 of the reported jobs are from temp agencies
Obama = F A I L
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Obama Calls The Jobs Report A 'Step In The Right Direction'
Grace Wyler|16 minutes ago|89|1
President Barack Obama responded to today's jobs report this morning, speaking to a crowd of supporters at an elementary school in Poland, Ohio.
“We learned this morning that our businesses created 84,000 new jobs last month," Obama said. "It's a step in the right direction. But we can't be satisfied."
Read more: http://www.businessinsider.com/obama-jobs-report-is-a-step-in-the-right-direction-2012-7#ixzz1zrCZshvH
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BUMP FOR BLACKEN, ANDRE, OPTION f, BENNY, LURKER, STRAWFAG
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June Jobs Report: 8.2 Percent Unemployment (Updated)
the PJ Tatler ^ | July 6,a2012 | Bryan Preston
The US jobs report is out for June 2012, and it is bleak. Unemployment remained stuck at 8.2 percent. Additionally, private sector payrolls added just 84,000 jobs while the government sector shed 4,000 jobs for a net of just 80,000 jobs gained for the entire country. In May, the economy created just 69,000 jobs. The government has been in the habit of releasing a number and then later revising it down, so today’s 80,000 number may not stand for long. Economists expected 90,000 jobs to be created in June. A healthy economy would be expected to create north of 200,000 jobs.
Despite President Barack Obama’s claim Thursday that manufacturing is “coming back,” the US manufacturing sector actually shrunk in June. Retailers also reported a “stagnant” economic environment in June.
Time reports that one-third of the new June jobs are barely jobs, they’re at temp agencies. Retail, manufacturing and the housing sector all saw no job growth at all.
The president and the White House got their communications lines crossed in response to the numbers, with the president saying that they show a “step in the right direction” while the White House warned not to “read too much” into the June report.
Mitt Romney reacted sharply, noting that the unemployment rate remains “unacceptably high,” adding that “This is a time for America to choose whether they want more of the same; whether unemployment above 8 percent month after month after month is satisfactory or not. It doesn’t have to be this way. America can do better and this kick in the gut has got to end.”
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http://www.cnbc.com/id/48092010 (http://www.cnbc.com/id/48092010)
Ouch. Fucking awful. No way to sugar coat this.
you sure jump into a thread very quickly when the subject is bad news for Obama ;)
that being said, statistics do appear to be bad....at least they held steady..would have been a total disaster if UE had gone up....
When the stats go the other way I hope you jump into the thread just as quick. :)
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you sure jump into a thread very quickly when the subject is bad news for Obama ;)
that being said, statistics do appear to be bad....at least they held steady..would have been a total disaster if UE had gone up....
When the stats go the other way I hope you jump into the thread just as quick. :)
They won't go the other way so long as ObamaCare is on the books and Obama's wages war against the private sector.
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you sure jump into a thread very quickly when the subject is bad news for Obama ;)
that being said, statistics do appear to be bad....at least they held steady..would have been a total disaster if UE had gone up....
When the stats go the other way I hope you jump into the thread just as quick. :)
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.
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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.
Look at what they care about? Zimmerman, romney's poor campaign strategy right now, public school vouchers, etc.
Anything to avoid discussing the 900lb elephant in the room, no not michelle.
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Look at what they care about? Zimmerman, romney's poor campaign strategy right now, public school vouchers, etc.
Anything to avoid discussing the 900lb elephant in the room, no not michelle.
Not going to lie, it's hilarious watching them post around it.
Can you imagine how furious they must be sitting at their computers right now?
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Not going to lie, it's hilarious watching them post around it.
Can you imagine how furious they must be sitting at their computers right now?
Truth. And notice no lurker, no option D, no benny, barely any of the regulars today?
LOL
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http://content.usatoday.com/communities/theoval/post/2012/07/obama-jobs-report-step-in-the-right-direction/1#uslPageReturn
LOL. He is getting destroyed over there. "Going in the right direction"
He must be doing coke again.
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WH: at least the economy is still growing
Politico ^ | 7/6/12 | DONOVAN SLACK
The White House took an optimistic view of the June jobs report on Friday, saying that overall unemployment is down nearly one percentage point over the past year.
"The economy has now added private sector jobs for 28 straight months, for a total of 4.4 million payroll jobs during that period," Alan Krueger, chairman of the Council of Economic Advisers, wrote in a statement. "Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession."
The jobs report showed the unemployment rate remained unchanged at 8.2 percent in June, while the economy added 80,000 jobs, roughly the same as in May.
Full Krueger statement:
Statement by Chairman of the Council of Economic Advisers Alan Krueger on the Employment Situation in June
While the economy is continuing to heal from the worst economic downturn since the Great Depression, much more remains to be done to repair the damage from the financial crisis and deep recession that followed. It is critical that we continue the policies that build an economy that works for the middle class and makes us stronger and more secure as we dig our way out of the deep hole that was caused by the severe recession. There are no quick fixes to the problems we face that were more than a decade in the making. President Obama has proposals to create jobs by ending tax breaks for companies to ship jobs overseas and supporting State and local governments to prevent layoffs and rehire hundreds of thousands of teachers.
Today’s report from the Bureau of Labor Statistics (BLS) shows that private establishments added 84,000 jobs last month, and overall non-farm payroll employment rose by 80,000. The economy has now added private sector jobs for 28 straight months, for a total of 4.4 million payroll jobs during that period. Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession.
The average work week for private sector workers rose by 0.1 hour in June. Aggregate private sector work hours posted their largest gain since February, rising by 0.4 percent. The stronger increase in work hours than in payroll employment suggests that many businesses chose to expand on the intensive margin as opposed to the extensive margin in June.
The unemployment rate was unchanged at 8.2 percent in June, according to the BLS household survey. The unemployment rate is 0.9 percentage point below its level a year ago.
Manufacturing employment continues to expand and manufacturers added 11,000 jobs in June. After losing millions of manufacturing jobs in the years before and during the recession, the economy has added 504,000 manufacturing jobs since January 2010--the strongest growth for any 29-month period since April 1995. To continue the revival in manufacturing jobs and output, the President has proposed tax incentives for manufacturers, enhanced training for the workforce, and measures to create manufacturing hubs and discourage sending jobs overseas.
Other sectors with net job increases included temporary help services (+25,200), leisure and hospitality (+13,000), and wholesale trade (+8,800). Retail trade lost 5,400 jobs, government lost 4,000 jobs, and motion pictures and sound recording lost 4,200 jobs. Local governments shed 14,000 education jobs.
As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.
________________________ _____________
Chooms and Coke - 2012
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Wasn't the target and boast by Biden around 500k jobs during the Stimulus? How many years ago was that?
Sorry, folks, you can't spin this disaster of a report into a positive.
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Wasn't the target and boast by Biden around 500k jobs during the Stimulus? How many years ago was that?
Sorry, folks, you can't spin this disaster of a report into a positive.
Remember Nany Pelosi saying that when ObamaCare was passed there would be an instant 400k jobs?
LOL
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Obama: 30 months of excusing bad jobs numbers
Washington Examiner ^ | 7/6/2012 | Byron York
The Obama White House says Americans should not “read too much into” the latest bad news from the jobs front. Employers added just 80,000 new jobs in June — far fewer than needed for a healthy recovery — and the unemployment rate stayed at 8.2 percent.
Not long after the new figures were released, the White House sent out a statement from Alan Krueger, chairman of the Council of Economic Advisers. Facing a bleak situation yet again, Krueger said, “It is important not to read too much into any one monthly report.”
If that sounds familiar, it is because that is what the Obama White House has said during month after month of troubling economic reports. The White House has said it so often, in fact, that the Romney campaign has compiled a list of 30 — yes, 30 — examples, going back to November 2009, of the administration cautioning that Americans should not “read too much into” the latest bad economic news. Here, from the Romney campaign, is that list:
June 2012: “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/07/06/employment-situation-june)
May 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/06/01/employment-situation-may)
April 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/05/04/employment-situation-april)
March 2012: “Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/04/06/employment-situation-march)
February 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/03/09/employment-situation-february)
January 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/02/03/employment-situation-january)
December 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2012/01/06/employment-situation-december)
November 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/12/02/employment-situation-november)
October 2011: “The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August’s jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/11/04/employment-situation-october)
September 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/10/07/employment-situation-september)
August 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/09/02/employment-situation-august)
July 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/08/05/employment-situation-july)
June 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/07/08/employment-situation-june)
May 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/06/03/employment-situation-may)
April 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/05/06/employment-situation-april)
March 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/04/01/employment-situation-march)
February 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/03/04/employment-situation-february)
January 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/02/04/employment-situation-january)
December 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/01/07/employment-situation-december)
November 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/12/03/employment-situation-november)
October 2010: “Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/11/05/employment-situation-october)
September 2010: “Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/10/08/employment-situation-september)
July 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative. It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains.” (LINK: http://www.whitehouse.gov/blog/2010/08/06/employment-situation-july)
August 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/09/03/employment-situation-august)
June 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/07/02/employment-situation-june)
May 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/06/04/employment-situation-may)
April 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/05/07/employment-situation-april)
March 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/04/02/employment-situation-march)
January 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/02/05/employment-situation-january)
November 2009: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2009/12/04/employment-situation-november)
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Obama: 30 months of excusing bad jobs numbers
Washington Examiner ^ | 7/6/2012 | Byron York
The Obama White House says Americans should not “read too much into” the latest bad news from the jobs front. Employers added just 80,000 new jobs in June — far fewer than needed for a healthy recovery — and the unemployment rate stayed at 8.2 percent.
Not long after the new figures were released, the White House sent out a statement from Alan Krueger, chairman of the Council of Economic Advisers. Facing a bleak situation yet again, Krueger said, “It is important not to read too much into any one monthly report.”
If that sounds familiar, it is because that is what the Obama White House has said during month after month of troubling economic reports. The White House has said it so often, in fact, that the Romney campaign has compiled a list of 30 — yes, 30 — examples, going back to November 2009, of the administration cautioning that Americans should not “read too much into” the latest bad economic news. Here, from the Romney campaign, is that list:
June 2012: “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/07/06/employment-situation-june)
May 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/06/01/employment-situation-may)
April 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/05/04/employment-situation-april)
March 2012: “Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available.” (LINK: http://www.whitehouse.gov/blog/2012/04/06/employment-situation-march)
February 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/03/09/employment-situation-february)
January 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK: http://www.whitehouse.gov/blog/2012/02/03/employment-situation-january)
December 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2012/01/06/employment-situation-december)
November 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/12/02/employment-situation-november)
October 2011: “The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August’s jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/11/04/employment-situation-october)
September 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/10/07/employment-situation-september)
August 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/09/02/employment-situation-august)
July 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/08/05/employment-situation-july)
June 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/07/08/employment-situation-june)
May 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/06/03/employment-situation-may)
April 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/05/06/employment-situation-april)
March 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/04/01/employment-situation-march)
February 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/03/04/employment-situation-february)
January 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/02/04/employment-situation-january)
December 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2011/01/07/employment-situation-december)
November 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/12/03/employment-situation-november)
October 2010: “Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/11/05/employment-situation-october)
September 2010: “Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK: http://www.whitehouse.gov/blog/2010/10/08/employment-situation-september)
July 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative. It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains.” (LINK: http://www.whitehouse.gov/blog/2010/08/06/employment-situation-july)
August 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/09/03/employment-situation-august)
June 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/07/02/employment-situation-june)
May 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/06/04/employment-situation-may)
April 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/05/07/employment-situation-april)
March 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/04/02/employment-situation-march)
January 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2010/02/05/employment-situation-january)
November 2009: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2009/12/04/employment-situation-november)
Dang. :-[
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Obama's Dismal Jobs Number
Tea Party Tribune ^ | 2012-07-06 13:56:18 |
By Mr. Curmudgeon
Here we are, at the midpoint of 2012, and unemployment - thanks to stimulus spending (and borrowed Chinese money) - stands at 5.6%. No, wait a minute, it's not! That was the rosy prediction by the smartest man on the planet back in 2009 - Barack Obama.
Friday's jobs report failed to move U.S. unemployment below its three-month 8.2% level. Of course, that Department of Labor Statistics' figure (classified U-3) does not include Americans who have run through their unemployment benefits and still cannot find work. The more accurate U-6 figure puts real U.S joblessness at 14.8%.
The smartest man on the planet greeted the news with upbeat enthusiasm, describing Friday's job numbers as a "step in the right direction." Needless to say, his remarks dovetail nicely with his previous statement declaring that the "private sector is doing fine."
That "fine" private sector produced a measly 80,000 jobs in May. To support Americas' growing population, our economy would have to produce around 250,000 a month.
"This was kind of disastrous," Jeff Savage, officer for Wells Fargo Private Bank, told CNBC, "We're not even keeping up with demographics at this point. This is not going to be liked in the markets.
The Dow Jones Industrials dropped 124 points.
At a campaign stop in Ohio, the smartest man in the world said that when he was elected back in 2008, he "didn't realize we were going to get hit by the worst economic crisis in most of our lifetimes ... for all the progress we've made, we've still got a long way to go."
The president's re-election organ, the New York Times, was uncharacteristically glum, "It is increasingly apparent what the economy will look like when President Obama faces voters in November: pretty much what it looks like today."
The Times is operating under the assumption that the smartest man in the world can't make things any worse than they are already.
They underestimate him.
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:)
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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
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http://thecaucus.blogs.nytimes.com/2012/07/06/obama-promotes-a-long-view-on-jobs/?hp
panic setting in
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:)
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.
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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?
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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 ...
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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.... ::)
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Republicans are too dependent on our government. There was a time where we didnt rely on government to fix everything.
:)
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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
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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.....
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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.
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Excuses excuses excuses.
you are absolutely batshit crazy
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Flashback 2004: Obama Dismisses Job Creation Of 310,000 New Jobs Under Bush
[ Invalid YouTube link ]
Hahahahaha.
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Flashback 2004: Obama Dismisses Job Creation Of 310,000 New Jobs Under Bush
[ Invalid YouTube link ]
Hahahahaha.
Andre won't recover.
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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
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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?
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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.
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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
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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.
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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 ???
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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.
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"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?
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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.
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This post above is the best post you ever made
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Our recident liberal still screaming for government help i see.
And you call yourself a RP supporter LOL