Unemployment rate drops to 8.1%!!

Srocks are down a little bit but they are still pretty high priced. Sometimes this economy just doesn't make sense.

The stock market had the greatest day in 8 years the other day. The first quarter of this year was the best first quarter in 14 years! The employment rate continues to drop. And all Romney can say is, "Well, it should have gotten better faster", (after the debacle that Bush left us with.)

Is 8.1% great? No....Is it continuing to get better? Yep.

So, the best you can hope for is that it gets worse. (Which is what the GOP has been working for since the day Obama took office. If you can destroy the economy in the name of partisan-politics, then screw the American people...) Yep, same-ol', same-ol' ....

FredHayek wrote: Srocks are down a little bit but they are still pretty high priced. Sometimes this economy just doesn't make sense.

I'm buying Srocks while they are low. :woo hoo:

Hold the party... the liberal media is finally reporting this truthfully... and it's not so pretty...

April jobs report: Hiring slows, unemployment falls

NEW YORK (CNNMoney) -- Hiring slowed in April and workers dropped out of the labor force in droves -- not a good sign for the job market going forward.
The economy added just 115,000 jobs in the month, the Labor Department reported Friday, down from March when employers created 154,000 jobs.

Meanwhile, the unemployment rate fell to 8.1% as 342,000 workers dropped out of the labor force. At 63.6%, the portion of the working-age population participating in the job market is now at its lowest level since 1981.

That's problematic mainly because it weighs on economic growth.

"If there are less people working, then your potential for what the economy can produce is reduced," said John Silvia, chief economist at Wells Fargo.

http://money.cnn.com/2012/05/04/news/ec ... ?hpt=hp_t3

The rate has gone down because of the dropouts from the active workforce looking for jobs. But they don't matter. Just get them under the bus.

And worst quarter in retail since 2009. More sales tax holidays?

The Liberals GOP Twin wrote: Hold the party... the liberal media is finally reporting this truthfully... and it's not so pretty...

April jobs report: Hiring slows, unemployment falls

NEW YORK (CNNMoney) -- Hiring slowed in April and workers dropped out of the labor force in droves -- not a good sign for the job market going forward.
The economy added just 115,000 jobs in the month, the Labor Department reported Friday, down from March when employers created 154,000 jobs.

Meanwhile, the unemployment rate fell to 8.1% as 342,000 workers dropped out of the labor force. At 63.6%, the portion of the working-age population participating in the job market is now at its lowest level since 1981.

That's problematic mainly because it weighs on economic growth.

"If there are less people working, then your potential for what the economy can produce is reduced," said John Silvia, chief economist at Wells Fargo.

http://money.cnn.com/2012/05/04/news/ec ... ?hpt=hp_t3

The rate has gone down because of the dropouts from the active workforce looking for jobs. But they don't matter. Just get them under the bus.

If we had a couple million more people give up looking for work, the "fudged rate" would plummet...oh boy would we be in good shape then...right LJ?

America, a country of leisure, under Obama, only 50% of America is working. Rest are enjoying quality time with their families. (Translation, moving back in with the parents.)

Yeah, it's too bad Bush left us with a Recession, two unnecessary wars, and another $5Trillion in debt; 750,000/jobs-month in losses, a bank crisis, the collapse of the auto industry, only 3 million jobs created in 8 years, and an unemployment rate that climbed to nearly 10% before Obama started bringing it back down. Now there's roughly 5 million new private-sector jobs, and the rate is continuing to decline.

Sux to be you, don't it?

But you can insert a sentence here with the word "freedom" in it, if it helps... That seems to be the standard drivel when Romney doesn't have anything else... (And you get extra points if his wife is wearing a $1000 t-shirt while he's saying it...)

Of course, we all know how well Mitt did with jobs in his one-term as governor of Massachusetts...They went from 37th in the nation to 47th. (Hmmmm...I wonder why their campaign never mentions his experience as a governor? RomneyCare? Lousy jobs record? Pro-gay, pro-choice stances--before he was against it?) Dang, I just can't keep up....

LadyJazzer wrote: Now there's roughly 5 million new private-sector jobs, and the rate is continuing to decline.

Please provide a source for this. I've found nothing that equals anything close to this.

FredHayek wrote: Srocks are down a little bit but they are still pretty high priced. Sometimes this economy just doesn't make sense.

Stock market is little more than legalized gambling. What the value of a stock is has more to do with the last dividend it paid and the confidence others have in the company than it does the economy or the actual value of the company. LJ loves to point out the value of the stock market right now as if it means something while hoping that everyone forgets that the market was higher than that under Bush. The current value of the DJIA now is just as indicative of the health of the economy as it was when the DJIA closed above $14,100 for the first time ever back in September or October of 2007.