Some economic good news for a change

archer wrote:

BearMtnHIB wrote:

Viking, anyone with eyes can see more businesses closing than opening, more people being laid off than being hired, more part time and less full time jobs. But they love to be scammed by the media and our excuse for a leader in this nation.

Pretty much what I said- the numbers are a lie, which is why the market did not react positive for very long.

People dropping off the back end of un-employment is not creating jobs!

If you look at the numbers, the unemployment rate that went down was those who have been out of work less than 5 weeks......they have not "fallen off the back of unemployment". If you assert they have, where is your source for that?

Let's try again....... read this! There were actually 38,000 more people unemployed last month.

Here is the truth behind the numbers last month. Not as good as it looked unfortunately. There were actually 38,000 LESS people working.

Let’s start with the reality that fewer people actually were working in July than in June.

According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.

But the job creation number was positive and the unemployment rate went down, right? So how does that work?

It’s a product of something the government calls “discouraged workers,” or those who were unemployed but not out looking for work during the reporting period.

This is where the numbers showed a really big spike—up from 982,000 to 1.119 million, a difference of 137,000 or a 14 percent increase. These folks are generally not included in the government’s various job measures.

So the drop in the unemployment rate is fairly illusory—stick all those people back in the workforce and you wipe out the job creation and the drop in unemployment.

The average duration of unemployment rose for the third straight month and is now at a record 40.4 weeks—about 10 months and now double where it was when President Obama took office in January 2009. The total number unemployed for more than half a year now stands at 6.18 million, 130 percent higher than when the president’s term began.

http://www.cnbc.com/id/44033486

Actually LJ's right Viking, the last month of the Bush administration we lost 800 million jobs, immediately after Obama took office the number of jobs lost declined and has been declining ever since. You can look it up if you don't believe me or LJ.....the chart is here:
http://www.businessinsider.com/chart-of ... ion-2010-2

If you won't accuse Bush of destroying jobs, how then can you possibly accuse Obama of destroying jobs?

Actually LJ's right Viking, the last month of the Bush administration we lost 800 million jobs, immediately after Obama took office the number of jobs lost declined and has been declining ever since. You can look it up if you don't believe me or LJ.....the chart is here:

I don't think you really mean 800 million- but the last few months yes we lost a lot of jobs- especially those last 2 months after Obama was elected, many businesses let people go knowing the regulations soon to come.

Do I blame Bush for those jobs lost during the last 6 months he was in office- you bet I do. It was his reckless spending through the last 2 years - with a democratic congress that led to many of those job losses.

Yes I blame bush for the jobs lost during his watch- but they pale in numbers compared to Obama's job losses. Overall Bush created millions of jobs even when you add in the losses those last few months- Obama has been losing millions of jobs overall and yes- many of those because of bad government policy.

The regulations, the threat of taxes, and the economic condition destroys jobs, and any business friendly administration would have us clean out of this recession by now, but this one is here to stay until Obama is flushed out of DC- along with the rest of the garbage.

sorry.....800 thousand.

Kate wrote: It matters because many on this board assign blame or give credit whenever bad news comes out about job growth. Do you really think that Viking is going to start a thread about the great news for jobs? Of course not and that's the purpose of AspenValley's post & comment.

lol ..Remember when they were all angry when Obama killed Osama? Obama could cure cancer and they'd be pissed. There ignorance and outright stupidity would be hilarious if it weren't so deleterious to the country

Obama can't solve or cure anything doofus.

archer wrote: Actually LJ's right Viking, the last month of the Bush administration we lost 800 million jobs, immediately after Obama took office the number of jobs lost declined and has been declining ever since. You can look it up if you don't believe me or LJ.....the chart is here:
http://www.businessinsider.com/chart-of ... ion-2010-2

If you won't accuse Bush of destroying jobs, how then can you possibly accuse Obama of destroying jobs?

One month. And it was due to the housing crash. That and the Dems in control of congress from 2007 on, caused those job loses. Bush entered with a recession also but his tax cuts made it one of the shallowest in history and Obama went the other way and tried to spend his way out of it and it is 30 months of a nightmare!

archer wrote: Actually LJ's right Viking, the last month of the Bush administration we lost 800 million jobs, immediately after Obama took office the number of jobs lost declined and has been declining ever since. You can look it up if you don't believe me or LJ.....the chart is here:
http://www.businessinsider.com/chart-of ... ion-2010-2

If you won't accuse Bush of destroying jobs, how then can you possibly accuse Obama of destroying jobs?

And why don't you show the chart from 2003-2007 when there was a record 53 months of creating jobs AFTER the tax cuts, and before Dems took over and the housing market crashed? He was up to abou 8 million jobs created under Republican congress and tx cuts.

The Viking wrote:

archer wrote: Actually LJ's right Viking, the last month of the Bush administration we lost 800 million jobs, immediately after Obama took office the number of jobs lost declined and has been declining ever since. You can look it up if you don't believe me or LJ.....the chart is here:
http://www.businessinsider.com/chart-of ... ion-2010-2

If you won't accuse Bush of destroying jobs, how then can you possibly accuse Obama of destroying jobs?

One month. And it was due to the housing crash. That and the Dems in control of congress from 2007 on, caused those job loses. Bush entered with a recession also but his tax cuts made it one of the shallowest in history and Obama went the other way and tried to spend his way out of it and it is 30 months of a nightmare!

:rofl :rofl :rofl :rofl :rofl

Yeah, yeah, Bush's job losses were due to the housing crash.....which magically disappeared after that month so Obama's jobs losses are due to his destroying them. Right, do you have any idea how dumb that sounds?

Bush's tax cuts may well been one cause of the recession.....they certainly were a big contributor to our current debt. But hey, no one really expects a conservative to take responsibility for anything, it's just not in their genetic make-up.

Here is BLS monthly job gain/loss data from when Bush took office to now.



http://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth