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Getbig Main Boards => Politics and Political Issues Board => Topic started by: blacken700 on March 08, 2013, 06:20:35 AM
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Source: U.S. Bureau of Labor Statistics
THE EMPLOYMENT SITUATION -- FEBRUARY 2013
Total nonfarm payroll employment increased by 236,000 in February, and the
unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor
Statistics reported today. Employment increased in professional and business
services, construction, and health care.
Household Survey Data
The unemployment rate edged down to 7.7 percent in February but has shown
little movement, on net, since September 2012. The number of unemployed
persons, at 12.0 million, also edged lower in February. (See table A-1.)
Among the major worker groups, the unemployment rate for whites (6.8 percent)
declined in February while the rates for adult men (7.1 percent), adult women
(7.0 percent), teenagers (25.1 percent), blacks (13.8 percent), and Hispanics
(9.6 percent) showed little or no change. The jobless rate for Asians was 6.1
percent (not seasonally adjusted), little changed from a year earlier. (See
tables A-1, A-2, and A-3.)
....
The change in total nonfarm payroll employment for December was revised from
+196,000 to +219,000, and the change for January was revised from +157,000 to
+119,000.
Read more: http://www.bls.gov/news.release/empsit.nr0.htm
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http://www.zerohedge.com/news/2013-03-08/february-multiple-jobholders-rose-record-full-timers-dropped-part-timers-increased
Full timers lost - part timers gained in anticipation of obamacare mandate kicking in
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http://www.zerohedge.com/news/2013-03-08/february-multiple-jobholders-rose-record-full-timers-dropped-part-timers-increased
Full timers lost - part timers gained in anticipation of obamacare mandate kicking in
It isn't a bad number at all, still treading water, though. Especially with the massive revision downward of the January job numbers.
33386 is correct, as well.....look beyond the print and dig just a tad deeper into the actual composition of the numbers.
-Losing full time jobs
-Full time jobs being replaced with part-time jobs.
-Which means lower wages, lower benefits, lower hours worked etc.
-Labor Force Participation also declined, once again.
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NEW YORK (AP) - A burst of hiring in February pushed stocks higher on Wall Street.
The Dow Jones industrial average gained 67.58 points, or 0.5 percent, to 14,397.07. The index surpassed its previous record close Tuesday and logged a sixth straight increase Friday.
The Standard & Poor's 500 index rose 6.92 points, or 0.5 percent, to 1,551.18. The Nasdaq composite advanced 12.28 points, or 0.4 percent, to 3,244.37.
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Lord.. Guys I work for Fortune 500 box store.. It's simple.. We are heading into seasonal selling.. March through june..My store alone hired 40 people in the last 30 days alone.. All part-timers. Minimum wage .. Now considering that my corp alone has thousands of stores .. Do the math.. We wil also layoff or lose half in the next 60 days...in other words.. Means little unfortunately..
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Lord.. Guys I work for Fortune 500 box store.. It's simple.. We are heading into seasonal selling.. March through june..My store alone hired 40 people in the last 30 days alone.. All part-timers. Minimum wage .. Now considering that my corp alone has thousands of stores .. Do the math.. We wil also layoff or lose half in the next 60 days...in other words.. Means little unfortunately..
We get that. It's just humorous, watching the Obama worshippers act as if this is a sign of his policies working.
These same seasonal/part-time/burger-flipping jobs were mocked, when they occurred under Bush.
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I agree 100 percent Mcway.. That's the reason for my post.. These guys think it translates to great things the admin is doing.. Silly.. Half of those people will be laid back off in 90 days or less. . Yet when those numbers would kick in during bush they were mocked.. Trust me , the last thing Obama knows about is business or how to keep people employed.. By he sure as hell knows how to stifle business through silly ass regulations..
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I agree 100 percent Mcway.. That's the reason for my post.. These guys think it translates to great things the admin is doing.. Silly.. Half of those people will be laid back off in 90 days or less. . Yet when those numbers would kick in during bush they were mocked.. Trust me , the last thing Obama knows about is business or how to keep people employed.. By he sure as hell knows how to stifle business through silly ass regulations..
So regulations is making unemployment go down ???
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Didnt say that.. Unemployment went down because of seasonal hiring.. It's been stifled because of regulations... Numerous corps have said that.. Subway owner recently said he would not be in business today because of it,.. Too much of it...
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Didnt say that.. Unemployment went down because of seasonal hiring.. It's been stifled because of regulations... Numerous corps have said that.. Subway owner recently said he would not be in business today because of it,.. Too much of it...
youre talking to someone who doesnt believe the govt has the ability to effect the private market
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Didnt say that.. Unemployment went down because of seasonal hiring.. It's been stifled because of regulations... Numerous corps have said that.. Subway owner recently said he would not be in business today because of it,.. Too much of it...
What regulations has Obama enforced?
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What regulations has Obama enforced?
obamacare, dodd frank, creating massive red tape for industries such as the oil industry. You know they application for an oil well wsa 7 pages prior to obama taking office and now its 50+? you know that obama and his admin have been shown to have intentionally drug their feet on approving permits for new drilling operations.
youre an idiot if you think obama has been good for the economy.
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obamacare, dodd frank, creating massive red tape for industries such as the oil industry. You know they application for an oil well wsa 7 pages prior to obama taking office and now its 50+? you know that obama and his admin have been shown to have intentionally drug their feet on approving permits for new drilling operations.
youre an idiot if you think obama has been good for the economy.
Funny how the stocks is higher now. Regulations must be good for the businesses.
Do you have a source for all this?
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Funny how the stocks is higher now. Regulations must be good for the businesses.
Do you have a source for all this?
hahahah I am not suprised that you believe that corelation means causation, please explain how the stock market being up is b/c of obamas legislation.
goodness gracious you libtard morons are clueless
I sure do, but if you really want I will be more than willing to explain it but first please explain how obama has helped the economy.
not just saying ending the wars in accordance with bush's plans or "look at the stock market"
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hahahah I am not suprised that you believe that corelation means causation, please explain how the stock market being up is b/c of obamas legislation.
goodness gracious you libtard morons are clueless
I sure do, but if you really want I will be more than willing to explain it but first please explain how obama has helped the economy.
not just saying ending the wars in accordance with bush's plans or "look at the stock market"
I dont see a source for how the economy is worse under Obama than Bush.
Post it.
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Unfortunately the numbers only account for those applying for UE benefits . It does not account for those off the rolls
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I dont see a source for how the economy is worse under Obama than Bush.
Post it.
More people on Food Stamps
More people out of work
Higher unemployment
Lower wages
Lower LFP
More debt, larger deficits
Economy has lost more than 500k manufacturing jobs.
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I dont see a source for how the economy is worse under Obama than Bush.
Post it.
What numbers do you want sources to whork? Labor participation rate, real unemployment, number of ppl on food stamps, number of part time workers to full time workers, number of ppl on govt assistance?
Lol you are absolutely clueless
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More people on Food Stamps
More people out of work
Higher unemployment
Lower wages
Lower LFP
More debt, larger deficits
Economy has lost more than 500k manufacturing jobs.
Thanks nice to see a grown-up respond.
Watch and learn Tony.
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Thanks nice to see a grown-up respond.
Watch and learn Tony.
What numbers do you want sources to whork? Labor participation rate, real unemployment, number of ppl on food stamps, number of part time workers to full time workers, number of ppl on govt assistance?
Lol you are absolutely clueless
LMFAO I said the exact same thin you morning dipshit I just wasn't as tactful.
Now please tell us all how bush caused the financial collapse
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Didnt say that.. Unemployment went down because of seasonal hiring..
http://en.wikipedia.org/wiki/Seasonal_adjustment
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These numbers are total bullshit...
not sure how.. but im sure 3333 will tell us why
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These numbers are total bullshit...
not sure how.. but im sure 3333 will tell us why
These numbers still suck ass.
Reagan and Clinton both had many months over well over 300k a month, with a population base much much smaller.
Plus - most of these are part time jobs shuffing the deck to deal w O-ShitheadCare
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obamacare, dodd frank, creating massive red tape for industries such as the oil industry. You know they application for an oil well wsa 7 pages prior to obama taking office and now its 50+? you know that obama and his admin have been shown to have intentionally drug their feet on approving permits for new drilling operations.
youre an idiot if you think obama has been good for the economy.
Obama only made the economy worse
and The deficit didnt explode under Bush
got cha
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Obama only made the economy worse
and The deficit didnt explode under Bush
got cha
The deficit exploded after Nancy and Harry Reid took over in 2006.
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The only good news here -- and it's tepid at best -- is that the U6 value went down for the first time in several months.
Other then that, there is positive data from the housing and construction markets, which traditionally have undergirded major recoveries. Hopefully the trends in those domains continue, slowly mounting a full recovery before the next recession occurs, however far away that is.
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The deficit exploded after Nancy and Harry Reid took over in 2006.
Right..Bush was all good..
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The deficit exploded after Nancy and Harry Reid took over in 2006.
so....3333...right now youre gonna tell me that bush wasnt the reason for the deficit...but it was infact because of Nancy and Harry?
So pre 2006 we werent headed for deficit...
is that what youre saying right now?
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so....3333...right now youre gonna tell me that bush wasnt the reason for the deficit...but it was infact because of Nancy and Harry?
So pre 2006 we werent headed for deficit...
is that what youre saying right now?
The deficit was under control those years as relation to GDP.
Under the age of O-Twink we have no growth anf ridiculous spending levels .
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The deficit was under control those years as relation to GDP.
Under the age of O-Twink we have no growth anf ridiculous spending levels .
So... what youre saying is that, the deficit was fine under bush until Nancy and Harry. And there was no decisions made by Bush that took us from a surplus to a deficit...
Please tell me yes or no...
No dodging or dancing around this question it is very simple.
Did Bush contribute massivley to the budget Or was it Reid and Pelosi?
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So... what youre saying is that, the deficit was fine under bush until Nancy and Harry. And there was no decisions made by Bush that took us from a surplus to a deficit...
Please tell me yes or no...
No dodging or dancing around this question it is very simple.
Did Bush contribute massivley to the budget Or was it Reid and Pelosi?
Bush didnt help the situation for sure - but the whells fell off the wagon of this nation in 2006 when Reid / Pelosi took over.
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Obama only made the economy worse
and The deficit didnt explode under Bush
got cha
You don't read and or don't comprehend
Got cha
Obama has done very little for te economy and that good which he has done has been cancelled out by the massive amount of bad he has done. There is really no way to argue against it mal.
The debt was bad under bush as well, why so liberal always point to bush to defend Obama I thought you guys hated bush?
Obamas policies are job killers mal especially in the long term. If you feel there is a credible argument against that, then by all means lets hear it.
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You don't read and or don't comprehend
Got cha
Obama has done very little for te economy and that good which he has done has been cancelled out by the massive amount of bad he has done. There is really no way to argue against it mal.
The debt was bad under bush as well, why so liberal always point to bush to defend Obama I thought you guys hated bush?
Obamas policies are job killers mal especially in the long term. If you feel there is a credible argument against that, then by all means lets hear it.
Give me an example of how Obamas policies are job killers.
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Bush didnt help the situation for sure - but the whells fell off the wagon of this nation in 2006 when Reid / Pelosi took over.
Tax cuts
Medicare part D
and wars alone were bush plans that cost us a shit ton
Dont get me wrong. Obama added to the deficit too and with all of these policies we can debate the validity as well as the intent when they were initially rolled out. But ill be damned if im gonna sit here and listen to you spew bull shit like "the deficit was fine under bush until the dems came in 2006" because you and I know that straight up bull shit
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Tax cuts
Medicare part D
and wars alone were bush plans that cost us a shit ton
Dont get me wrong. Obama added to the deficit too and with all of these policies we can debate the validity as well as the intent when they were initially rolled out. But ill be damned if im gonna sit here and listen to you spew bull shit like "the deficit was fine under bush until the dems came in 2006" because you and I know that straight up bull shit
The deficit was a fraction under W for almost his entire term until that communist rat CNT Pelosi and Dirty Harry took over.
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The deficit was a fraction under W for almost his entire term until that communist rat CNT Pelosi and Dirty Harry took over.
did you factor in the same numbers youre using for the deficit has to include the surplus it came from. I think thats where youre gettig confused
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Give me an example of how Obamas policies are job killers.
Absolutely my friend:
Obamacare raises the costs of business, injects uncertainty on how the law will effect businesses on multiple levels. Dodd frank increased the amount of reserves that banks must keep lowering the amount of money available to loan out by banks. Not approving the key stone pipeline, intentionally dragging their feet on oil well applications. Creating massive amounts of red tape for instance taking an oil drilling application that was 7 page and making it 50+.
Bro even the stimulus which was meant to produce jobs only did so in the short run and at a cost that was outrageous.
Apparently you think his policies have been good for the economy so please do explain.
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did you factor in the same numbers youre using for the deficit has to include the surplus it came from. I think thats where youre gettig confused
We never had a surplus.
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Give me an example of how Obamas policies are job killers.
ObamaCare
Dodd Frank
EPA regulations
etc etc etc etc
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Absolutely my friend:
Obamacare raises the costs of business, injects uncertainty on how the law will effect businesses on multiple levels. Dodd frank increased the amount of reserves that banks must keep lowering the amount of money available to loan out by banks. Not approving the key stone pipeline, intentionally dragging their feet on oil well applications. Creating massive amounts of red tape for instance taking an oil drilling application that was 7 page and making it 50+.
Bro even the stimulus which was meant to produce jobs only did so in the short run and at a cost that was outrageous.
Apparently you think his policies have been good for the economy so please do explain.
Bush's fault! For always, forever, nothing is EVER Obama's fault - EVER.
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Absolutely my friend:
Obamacare raises the costs of business, injects uncertainty on how the law will effect businesses on multiple levels. Dodd frank increased the amount of reserves that banks must keep lowering the amount of money available to loan out by banks. Not approving the key stone pipeline, intentionally dragging their feet on oil well applications. Creating massive amounts of red tape for instance taking an oil drilling application that was 7 page and making it 50+.
Bro even the stimulus which was meant to produce jobs only did so in the short run and at a cost that was outrageous.
Apparently you think his policies have been good for the economy so please do explain.
No i dont think his policies are good.. so apparently youre wrong. I dont know how Obamacare will affect other businesses but I do know that the Medical group i work for is an ACO pilot group and its not the gloom and doom that was predicted. No death panels etc.
I think the banks are fucked for not loaning out money. They are investing it.
And yes i think thats Clintons fault for Glass Stegall (sp) act
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Bush's fault! For always, forever, nothing is EVER Obama's fault - EVER.
shut up.. grown people talking.. you wanna join.. then contribute something other than retarded sarcasm and dumb ass posts.. Take a page from tony from texas (kind of a cool name).
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I sure hope we get a republican president next time so we can fix all the damage done by Obama ::)
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I sure hope we get a republican president next time so we can fix all the damage done by Obama ::)
Wasnt that the justification for electing O-Twink in 2008?
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Absolutely my friend:
Obamacare raises the costs of business, injects uncertainty on how the law will effect businesses on multiple levels. Dodd frank increased the amount of reserves that banks must keep lowering the amount of money available to loan out by banks. Not approving the key stone pipeline, intentionally dragging their feet on oil well applications. Creating massive amounts of red tape for instance taking an oil drilling application that was 7 page and making it 50+.
Bro even the stimulus which was meant to produce jobs only did so in the short run and at a cost that was outrageous.
Apparently you think his policies have been good for the economy so please do explain.
Isnt the purpose of Dodd Frank to make sure the banks are healthy and have less chance of failing so they dont need to be helped by the taxpayers?
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Isnt the purpose of Dodd Frank to make sure the banks are healthy and have less chance of failing so they dont need to be helped by the taxpayers?
hahahha and how is it supposed to do that?
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hahahha and how is it supposed to do that?
If the banks have more cash on the base-line they will have less chance of becoming unstable or crash/bancrupt.
Just a thought.
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If the banks have more cash on the base-line they will have less chance of becoming unstable or crash/bancrupt.
Just a thought.
not an illogical thought an ingnorant one but not illogical. The issue you have is that its a banks business to have less money on hand than they have on deposit....THATS HOW THEY MAKE THEIR MONEY!!!!!!
Also if you restrict the amount of money they are able to lend it dries up the amount of money businesses can borrow to grow. Businesses need capital for equipment, labor, materials etc. to take on projects that produce income. If the banks arent lending b/c they have to keep more or b/c they feel that the current business landscape is not favorable to business due to many things including legislation they will not lend!!!!
If even they can figure out what their costs will be in the next few years due to obamacare. Do you think their tolerance risk will be higher or lower on lending money to businesses who are effected by the same thing?
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not an illogical thought an ingnorant one but not illogical. The issue you have is that its a banks business to have less money on hand than they have on deposit....THATS HOW THEY MAKE THEIR MONEY!!!!!!
Also if you restrict the amount of money they are able to lend it dries up the amount of money businesses can borrow to grow. Businesses need capital for equipment, labor, materials etc. to take on projects that produce income. If the banks arent lending b/c they have to keep more or b/c they feel that the current business landscape is not favorable to business due to many things including legislation they will not lend!!!!
If even they can figure out what their costs will be in the next few years due to obamacare. Do you think their tolerance risk will be higher or lower on lending money to businesses who are effected by the same thing?
You're hitting on the second problem with the Fed's actions, with Zero % rates and rates for loans plumbing new lows why would banks want to loan anyone any money if they don't see a return on it? The banks are going to to horde the printed money, liquidity and throw it into the Wall St. Casino/Oil etc to actually see a return.
People and the government were raising holy hell over banks taking the govt. cash and not loaning it out....what other choice did they have? They were given no other choice.
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not an illogical thought an ingnorant one but not illogical. The issue you have is that its a banks business to have less money on hand than they have on deposit....THATS HOW THEY MAKE THEIR MONEY!!!!!!
Also if you restrict the amount of money they are able to lend it dries up the amount of money businesses can borrow to grow. Businesses need capital for equipment, labor, materials etc. to take on projects that produce income. If the banks arent lending b/c they have to keep more or b/c they feel that the current business landscape is not favorable to business due to many things including legislation they will not lend!!!!
If even they can figure out what their costs will be in the next few years due to obamacare. Do you think their tolerance risk will be higher or lower on lending money to businesses who are effected by the same thing?
They make there money loaning out money they dont have. Its a mad world haha.
Good post though.
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They make there money loaning out money they dont have. Its a mad world haha.
Good post though.
who said they dont have money?
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obamacare, dodd frank, creating massive red tape for industries such as the oil industry. You know they application for an oil well wsa 7 pages prior to obama taking office and now its 50+? you know that obama and his admin have been shown to have intentionally drug their feet on approving permits for new drilling operations.
youre an idiot if you think obama has been good for the economy.
Yeah, hundreds of thousands of jobs added per month for the past two plus years isn't as good as the 700,000 jobs per month losses we were getting from Bush. Job growth and stock market at all time high is indeed bad for the economy. You won me over.
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Yeah, hundreds of thousands of jobs added per month for the past two plus years isn't as good as the 700,000 jobs per month losses we were getting from Bush. Job growth and stock market at all time high is indeed bad for the economy. You won me over.
first why do you retards keep bringing up bush? he was going to be re-elected ever again, youre safe now from his tyranny.
second, the employment rate while down doesnt mean weve added net jobs. Do you even know how the unemployment rate is calculated?
if you did you wouldnt be so happy to try and boast about it
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who said they dont have money?
You did. Not that they didnt have money but that they loan out more than they have, thereby loaning out money they dont have.
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You did. Not that they didnt have money but that they loan out more than they have, thereby loaning out money they dont have.
I said they have less money, less doesnt mean no...
banks still have money but arent loaning/investing b/c of the uncertainty...YES alot of the uncertainty is due to obama and his legislation.