Economy Slowly Improves; Gunner Hates it
- Thread starter Gunner
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I fail to see why it needs refuting. One set of facts doesn't exclude another.
I always wondered why Obama-lovers are so immune to facts, reality, and logic.
After reading through the main board, it seems a lot of these Obama fanatics are actually pro-Israel, Zionists.
It explains a lot of the fanaticism and refusal to accept the current economic collapse that has typified Obama's rule in the United States.
Barack Hussein Obama is a Zionist.
Anyone who believes Obama is the first black President is either a fool or ignorant.
After reading through the main board, it seems a lot of these Obama fanatics are actually pro-Israel, Zionists.
It explains a lot of the fanaticism and refusal to accept the current economic collapse that has typified Obama's rule in the United States.
Barack Hussein Obama is a Zionist.
Anyone who believes Obama is the first black President is either a fool or ignorant.
No more immune that you appear to be.
You disparage one form of idealogy while practicing your own.
Re: Economy Slowly Improves; Gunner Hates it
–If you are simply taking a snapshot of this payroll report, it would be difficult to characterize it as anything but a good one – unless you have an axe to grind. This certainly doesn’t sound the all clear on the economic backdrop as the well advertised headwinds remain in place, but if you had your pick to see one economic variable show real improvement, it would unquestionably be this most foundational report. While this report is not a definitive game-changer in terms of our outlook for growth, it is certainly a step in the right direction. In terms of the internals of the report, everything you would want to be up was up.
–Tom Porcelli, RBC Capital Markets
Excerpted from: Economists React: Jobs Report ‘Positive in Every Way’.
This Is a Recovery Worth Getting Excited About
. . . and it has absolutely nothing to do with the
size of total government, which is still shrinking . . .
Mar 9 2012
<IFRAME SRC="http://1.bp.blogspot.com/-0DjBw5GSp_0/T1oH9-2xlxI/AAAAAAAAMW0/up01NBQ4Emo/s1600/JobsFeb2012.jpg" WIDTH=780 HEIGHT=800>
<A HREF="http://1.bp.blogspot.com/-0DjBw5GSp_0/T1oH9-2xlxI/AAAAAAAAMW0/up01NBQ4Emo/s1600/JobsFeb2012.jpg">link</A>
</IFRAME>
Hey everyone? This is what a real recovery looks like.
The economy added 227,000 jobs in February, and the unemployment rate
held steady at 8.3%, even as more people joined the work force. The day's
news is good. The trend line is even better.
The economy has added 730,000 jobs in the last three months, which puts
us on pace to add nearly 3 million jobs in 2012, after adding 1.6 million in 2011
. The last 12 months of job growth was the best in five years. Long-term
unemployment -- the most intractable tragedy of the Great Recession -- is
ticking down. Wages are still low, and unemployment is still way too high
among minorities and low-skilled workers. And we could still get creamed by a
freak gas spike. But this is a recovery worth getting excited about.
Voters are often asked, if they're not already asking themselves, are you
better off today than you were four years ago? This is a tricky question to
answer now. At the end of 2008, the official unemployment rate was only 6.7
percent, but we were losing 800,000 jobs a month. At the beginning of 2012,
the official unemployment rate is 8.3%. But we're gaining 200,000 jobs a
month. Are we better off?
One way to drill down into this question is to reflect on the really big picture:
Where the jobs are going and where aren't they going. Since Obama's first
month on the job, total government has lost 600,000 jobs. (He's a pretty bad
socialist, apparently.) The goods-producing sector, which includes
manufacturing and construction, is still down 1.6 million jobs -- as many jobs
as we added all of last year! All the growth has been in services, where
we've added 1.3 million new positions.
Here's what the January 2009 - February 2012 change looks like as a share
of total jobs in government, goods, and services. If you break out services
by education, you would find evidence that people with college and
advanced degrees were both less likely to lose their jobs in the recession and
more likely to find higher-paying positions in the recovery.
This big picture is that yes, manufacturing has had a great two years, adding
450,000 new positions. But this is a services economy experiencing a
services recovery. Let's hope it keeps going.
http://www.theatlantic.com/business...-recovery-worth-getting-excited-about/254250/
Those numbers are nothing to get excited about. The economy can add 200k jobs and still have a million people drop out of the labor force. The division of wealth is the main issue and as of now 1% still controls all the wealth plus there's another war brewing on the horizon smh this don't look good at all.
I know somebody gon' try to tell us how how good things are.
The bankers own these cats, think of the interest payments on all that debt!
You are ignorant of the way budgets work. What roll does the president have in lowering the debt?
It's called leadership bruh!
& its role, not roll
Ask John Boehner and the Tea party led congress about that one.
My bad, i was typing fast.
Consumer confidence rose to a five-year high in October, another report today showed, suggesting that gains in spending can be sustained as the real-estate revival bolsters household finances. The administration of President Barack Obama used the GDP report to promote measures it says would strengthen the economy, such as hiring more teachers, while challenger Mitt Romney seized on it as evidence Obama’s polices have failed.
The Thomson Reuters/University of Michigan final consumer sentiment index climbed to 82.6 this month, the highest since September 2007, from 78.3 in September. The median forecast of 60 economists surveyed by Bloomberg projected a reading of 83 compared with a preliminary figure of 83.1 issued earlier this month.
Housing Demand: Mortgage rates driven to record lows by Federal Reserve asset purchases are stoking demand for housing. Americans bought new homes in September at the fastest pace in two years, Commerce Department figures showed two days ago. Demand was up 27.1 percent from a year ago.
SOURCE: Bloomberg
The bold part is a horrible sign for economic recovery.
Economic recovery occurs when just the opposite happens. Interest rates rise dramatically, which encourages investment and savings, while at the same time, forcing only the best projects to proceed and allowing only the most productive economic activity.
Historically low interest rates show the economy is in serious trouble because it just leads to more rampant speculations and malinvestment, the very thing that started this mess in the first place.
House buying is a consumer activity, that is done after the industrial sector is doing well. You buy a house after your job is secure and you have had a chance to save. When house buying comes first, it means another housing bubble.
But, if the Federal Reserve stops artifically depressing interest rates, the TOO BIG TO FAIL BANKS will collapse.
Can't have America prosper, if Wall Street suffers, in the minds of Obama and the other scumbags in Washington DC and the Northeast.
Barack Obama was/is a total failure on the economy. That stupid healthcare bullshit when he should have gone after the banks will be his political epitaph, I hope.
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I would say the "bold part" and any other positive news is great news considering the republican party has been aggressively active in preventing any recovery.
Any legislation that has been proposed by President Obama has been derided and thwarted by the republican party ever since he took the oath. What he set in motion when he had the opportunity early on continues to work.
If you blame President Obama for the negative when it suites you, you must give him credit when there is positive news.
Forget it. That guy is among a disgusting few that I've seen on this board who have hairs up their asses over the President's ancestry - as if there is some certified test for determining who is and who isn't, black. Everyone knows that most of the Black Nation has been affected, to some degree or another, by white-men's deeds from 2-3 hundred years ago and since. I've seen brothers who look like Ben Jealous with more sense of us than the beautiful darkest among us who hates their own skin. Among the worse things we can do to each other, in my lowly opinion, is for us to attempt to separate us based on some ignominious standard -- that white men tried to ingrain in us long ago to prevent us from unifying against him.
This has got to be the dumbest piece of propaganda to come from bloomberg!
Think yall, the Fed is trying to recreate the same conditions that led us into the credit crisis in 2007. They are actively trying to reinflate the "housing bubble" by giving Wall Street 40 billion a month & keeping interest rates artificially low.
Credit crisis. --> sovereign debt crisis --> currency crisis! It will happen in that order, i have no doubts in my mind.........regardless of whether Obama or Rmoney is the prez.
Jobs Report Shows Persistent Economic Growth
The New York Times
By CATHERINE RAMPELL
November 2, 2012
The economy may have some more underlying strength than earlier believed, according to the final job market report released before Tuesday’s presidential election.
The nation’s employers added 171,000 positions in October, the Labor Department reported on Friday, and more jobs than initially estimated in both August and September. Hiring was broad-based, with just about every industry except state government adding at least a handful of jobs. The unemployment rate ticked up slightly to 7.9 percent in October, from 7.8 percent in September, but for a good reason: more workers joined the labor force and so officially counted as unemployed.
With the latest numbers, the economy finally shows a net gain of jobs under his presidency; his record had previously been weighed down by huge layoffs in his first year in office.
<SPAN style="BACKGROUND-COLOR: #ffff00">The report also allayed widespread suspicion that September’s plunge in the unemployment rate — to below 8 percent for the first time since the month he took office — might have been a one-month statistical fluke</span>.
The nation’s employers added 171,000 positions in October, the Labor Department reported on Friday, and more jobs than initially estimated in both August and September. Hiring was broad-based, with just about every industry except state government adding at least a handful of jobs. The unemployment rate ticked up slightly to 7.9 percent in October, from 7.8 percent in September, but for a good reason: more workers joined the labor force and so officially counted as unemployed.
With the latest numbers, the economy finally shows a net gain of jobs under his presidency; his record had previously been weighed down by huge layoffs in his first year in office.
<SPAN style="BACKGROUND-COLOR: #ffff00">The report also allayed widespread suspicion that September’s plunge in the unemployment rate — to below 8 percent for the first time since the month he took office — might have been a one-month statistical fluke</span>.
MORE: http://www.nytimes.com/2012/11/03/business/economy/us-added-171000-jobs-in-october.html?_r=0
It's funny the NY Times is talking about an improvement in the economy,
while New York is flooded, in the dark, stranded, and suffering fuel shortages.
I wonder when the NY Times will say... if the people will not eat bread, let them eat cake.
Talk about being out-of-touch with reality.
while New York is flooded, in the dark, stranded, and suffering fuel shortages.
I wonder when the NY Times will say... if the people will not eat bread, let them eat cake.
Talk about being out-of-touch with reality.
Two things Bright Boy
The NY Times reports on more than NY
The jobs numbers are for last month not yesterday so the reporting is accurate.
Well, Mr. Timing-Is-Everything,
couldn't they have just waited on some phony-baloney numbers that are going to be revised anyway, and concentrate on the more pressing news of the day?
It seems rather absurd to me to be talking about unemployment numbers when the whole city (region) is suffering from disruptions.
I guess it's the same kind of mentality that had Bloomberg trying to host a marathon in the wake of a natural disaster.
Why the October Jobs Report Is Even Better Than It Looks
The Atlantic
By Derek Thompson
Friday, November 2, 2012
Here's the lede you'll read in most newspapers today about Friday's jobs report: "The economy added a hearty 171,000 new jobs in October, and the unemployment rate ticked up to 7.9%."
Nothing about that lede is wrong, technically.
But it's incomplete, for three reasons:
First, the BLS actually discovered 255,000 new jobs. The payroll survey, one of two used to produce this report, revised its jobs-added estimates in August and September by an additional 84,000, bringing August's total to 192k and September to 148k. For months, it looked like the unemployment rate was falling inexplicably fast. It turns out we were counting jobs added too slowly.
Second, and somewhat counter-intuitively, the fact that the unemployment rate went up is good news about today's economy. Calculated in a second survey of households by the BLS, the rate moved to 7.9% as more people entered the labor force. More people looking for work is good news, but when job seekers grow faster than jobs, the unemployment rate ticks up. The rising unemployment rate doesn't mean the economy is getting weaker. It means discouraged workers are feeling more encouraged because the economy is getting stronger.
Third, although every jobs report is subject to revisions, we're getting a clear picture of a strengthening recovery beyond today's headline. The margin of error for each jobs-added figure is 100,000 jobs. The BLS's initial estimate for August was 96,000. Then it was revised to 142,000. Now it stands at 192,000. So, should we ignore today's news? Not so fast. 170,000 isn't just October's first estimate. It's also our new three-month average. And it's considerably better than the year's average. Things are getting better faster.
Where is this new-look recovery coming from? It's coming from the beginning of a real housing recovery and the end of government austerity. In 2010 and 2011, the economy lost 477,000 public sector jobs. This year, we've added 20,000. That's made a huge difference.
"Everything about this report is great news" economist Justin Wolfers tweeted this morning. And he's basically right. But just as one bad report changes very little, one great report changes very little.
Big picture: We've added about 3 million jobs since the economy started to recover in June 2009. But we're still down another 3 to 4 million jobs since the economy started to contract in <SPAN style="BACKGROUND-COLOR: #ffff00">December 2007</span>. In 2012, we're creating 150-some thousand jobs a month -- the same as in 2011, with practically the exact same GDP growth.
SOURCE: http://www.theatlantic.com/business...s-report-is-even-better-than-it-looks/264448/
The fact that you dont see the sheer absurdity of your question is telling.
The jobs numbers and the economic signals that it's following are news now.
How ridiculous is the idea that they can't effectively cover the significant but still relatively local story of the hurricane and cover major national news?
I think you are the one confusing fantasy with reality.
People are really suffering.
Sandy has shown, once again, how vulnerable the entire nation is and how ill-prepared the country still is, both economically and mentally, when it comes to avoiding disaster.
Katrina showed it. Now, Sandy is showing it.
Instead of focusing on real things, like shortages, flooding, blackouts, transport disruptions, and why the government always seems so ineffective at preparing and cleaning up after these messes...
the focus is on some imaginary numbers that can change simply by asking a different "expert" in government.
What is happening in New York and New Jersey is real and can be verified by millions of ordinary people. The so-called jobs numbers are just works of art created by government bureaucrats who no one knows nor can hold accountable. That is not reality, that is mere political propaganda.
But, of course, the NY Times is just a political propaganda outlet. The so-called "jobs numbers" are not news at all, but political propaganda. The fact (and it is a fact that they did publish numbers) is they could easily let the government publish the numbers themselves. But, that's not enough. The NY Times must promote government fantasies to push the appropriate political propaganda to the public.
The major newspapers are about disinformation, not information. So, this does not surprise me. It is expected. I am just surprised when grown men actually believe this garbage.
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You really shouldn't skip your meds.
So are the numbers fake when they're bad too or just when they're going in a positive direction? I don't recall posts from you about the "fake numbers" as people were losing their jobs by the hundreds of thousands every month.
You really shouldn't skip your meds.
So are the numbers fake when they're bad too or just when they're going in a positive direction? I don't recall posts from you about the "fake numbers" as people were losing their jobs by the hundreds of thousands every month.
Ah yes, the personal insults... that never gets old.
When the cost of everything is rising, personal debt is skyrocketing, banks still are not lending and the TOO BIG TO FAILs are continuing to get bailouts, while the US military is at war half-way around the world, China is still producing a huge chunk of US consumer products, property values are nowhere near where they were in 2007, and gas prices are nearly double what they were when Obama took office...
yet, somehow employment is increasing when none of the other signs of recovery are there (like an increase in manufacturing and production or decrease in the trade deficit, or rise in interest rates or increase in tax receipts), you know the government is lying to you (again).
You have no idea how the economy works. Every time you make a post, that is abundantly clear. Employment is not an isolated thing that is independent from the rest of the economy. Jobs do not appear out of thin air because the government says so. If no one is investing, no one is opening new businesses, so there is no hiring. Instead, debt is increasing, and savings is falling, and that means the economy is getting weaker, not stronger. People are borrowing to stay in place, not move ahead. The economy is burdened with too much waste (war, failed banks, housing bubbles, personal debt) from unproductive activities. And, it hasn't improved under Obama, it has just gotten worse, his entire 4 years. He was too busy worrying about taking care of the HMOs with Obamacare and bailing out the useless TOO BIG TO FAIL banks, instead of focusing on the economy.
More people should have a basic understanding of how the economy works so they wouldn't be so susceptible to such easy manipulation by the government and the state-run media.
You can't have a focused conversation with this dude so I make it entertaining because it will not be enlightening.
Nope, never does.
In fact, it's challenging to keep coming up with new material.You are horribly misinformed.
I don't?
What did you dress up for Halloween as, a pot calling kettles black?In all your ranting, you never did answer my question: are the numbers fake all the time or just when they're pointing in a positive direction?
The Wall Street Journal: WASHINGTON—U.S. job growth slowed slightly in December, showing that the economy muddled along as Congress fought over tax increases and spending cuts.
U.S. nonfarm payrolls increased by a seasonally adjusted 155,000 jobs last month, the Labor Department said Friday. The unemployment rate, obtained by a separate survey of U.S. households, was 7.8%, the same as the prior month, after an upward revision to the November figure.
Both readings were slightly worse than expected. Economists surveyed by Dow Jones Newswires expected a gain of 160,000 jobs and a 7.7% unemployment rate.
Friday's report is based on surveys taken in the middle of last month—well before the outcome of the so-called fiscal-cliff negotiations were known.
Once again, private-sector businesses lead the way, adding 168,000 jobs. However, growth outside the government slowed a bit from November.
Rebuilding following superstorm Sandy, which struck the Northeast in late October, likely added to job growth last month. Nationally, employment in the construction sector advanced by 30,000 jobs. Meanwhile, manufacturing payrolls increased by 25,000 and health-care jobs grew by 45,000.
The government continued to shrink in December, with public-sector employment declining by 13,000. The federal work force shrank by 3,000, and local-government payrolls fell by 14,000. State-government jobs increased last month.
The Washington Post: WASHINGTON — U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff.
The solid job growth wasn’t enough to push down the unemployment rate, which stayed 7.8 percent last month, the Labor Department said Friday. The rate for November was revised up from an initially reported 7.7 percent.
Robust hiring in manufacturing and construction fueled the December job gains. Construction firms added 30,000, the most in 15 months. That increase likely reflected hiring needed to rebuild after Superstorm Sandy and also gains in home building that have contributed to a housing recovery.
Manufacturers added 25,000 jobs, the most in nine months.
Even with the gains, hiring isn’t strong enough to quickly reduce still-high unemployment. For 2012, employers added 1.84 million jobs, an average of 153,000 jobs a month, roughly matching the job totals for 2011.
But the stable hiring last month shows that employers didn’t panic during the high-stakes talks between Congress and the White House over tax increases and spending cuts that weren’t resolved until New Year’s.
That’s an encouraging sign for the coming months, because an even bigger federal budget showdown is looming. The government must increase its $16.4 trillion borrowing limit by around late February or risk defaulting on its debt. Republicans will likely demand deep spending cuts as the price of raising the debt limit.
U.S. nonfarm payrolls increased by a seasonally adjusted 155,000 jobs last month, the Labor Department said Friday. The unemployment rate, obtained by a separate survey of U.S. households, was 7.8%, the same as the prior month, after an upward revision to the November figure.
Both readings were slightly worse than expected. Economists surveyed by Dow Jones Newswires expected a gain of 160,000 jobs and a 7.7% unemployment rate.
Friday's report is based on surveys taken in the middle of last month—well before the outcome of the so-called fiscal-cliff negotiations were known.
Once again, private-sector businesses lead the way, adding 168,000 jobs. However, growth outside the government slowed a bit from November.
Rebuilding following superstorm Sandy, which struck the Northeast in late October, likely added to job growth last month. Nationally, employment in the construction sector advanced by 30,000 jobs. Meanwhile, manufacturing payrolls increased by 25,000 and health-care jobs grew by 45,000.
The government continued to shrink in December, with public-sector employment declining by 13,000. The federal work force shrank by 3,000, and local-government payrolls fell by 14,000. State-government jobs increased last month.
* * *
The Washington Post: WASHINGTON — U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff.
The solid job growth wasn’t enough to push down the unemployment rate, which stayed 7.8 percent last month, the Labor Department said Friday. The rate for November was revised up from an initially reported 7.7 percent.
Robust hiring in manufacturing and construction fueled the December job gains. Construction firms added 30,000, the most in 15 months. That increase likely reflected hiring needed to rebuild after Superstorm Sandy and also gains in home building that have contributed to a housing recovery.
Manufacturers added 25,000 jobs, the most in nine months.
Even with the gains, hiring isn’t strong enough to quickly reduce still-high unemployment. For 2012, employers added 1.84 million jobs, an average of 153,000 jobs a month, roughly matching the job totals for 2011.
But the stable hiring last month shows that employers didn’t panic during the high-stakes talks between Congress and the White House over tax increases and spending cuts that weren’t resolved until New Year’s.
That’s an encouraging sign for the coming months, because an even bigger federal budget showdown is looming. The government must increase its $16.4 trillion borrowing limit by around late February or risk defaulting on its debt. Republicans will likely demand deep spending cuts as the price of raising the debt limit.
Unemployment at 4-Year-Low as U.S. Hiring Gains Steam
Bolstered by a healthier private sector, the United States economy gained 236,000 jobs in February, well above what had been expected, while the unemployment rate fell to 7.7 percent, its lowest level since December 2008.
And healthcare adds job again.
Damn that job killing Obamacare
Damn that job killing Obamacare
Will you guys stop cooking the books.
I guess this thread will be devoid of right wingers, libertarians, republicans, supply siders, gold bugs, capitalist or whatever they call themselves all weekend!
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