Posted - 10/5/2012 10:26:28 AM | show profile | flag this post
Slow but in the right direction.
Posted - 10/5/2012 10:58:17 AM | show profile | flag this post
why it's real
We can expect the usual suspects to declare the numbers are skewed, but the growth in some unusual spots is very real.
Case in point: Pennsylvania's southern tier near the New York border, the old factory towns such as Sayre, Athens, Waverly, etc. which are booming thanks to the "Shalleonaires" who've pocketed big bucks from gas companies fracking the Marcellus Shale.
New shops and storefronts and THREE new hotels going up now. Construction on homes is an all-time high. That's jobs in communities that have suffered since the '70s.
I'm not a fan of fracking, but a lot of folks in upstate NY and Pennsylvania seem to be "better off than they were four years ago."
Posted - 10/5/2012 1:07:36 PM | show profile | flag this post
"Slow but in the right direction"
not so much.
down tick is due to a increase in part-time workers- workers who can't find full time employment or had their hours cut- in obama's recovery.
if the same amount of people were working the day obama took office- the the rate would be 10.7%.
worse than that? obama is on pace to create fewer jobs this year than in 2011. the jobs obama has created- are fast food jobs.
the fiscal cliff obama is driving us off of- is expected to cost thousands of jobs.
will america recover from obama's recovery?
Posted - 10/5/2012 1:20:00 PM | show profile | flag this post
It is the best
friggin rate in four years. Certainly no where good enough...but once again, the "Jobs Truthers" come out whining.
If this happened under President Romneys first month, the Repubs would urge the Franklin Mint to strike a coin for him.
Posted - 10/5/2012 2:12:58 PM | show profile | flag this post
The is a lower rate than Bush had...
on his last day in office.
Posted - 10/5/2012 2:42:13 PM | show profile | flag this post
This is good news
I certainly hope these are full time non-government jobs. I would hate to think that for example there were some 67,000 government jobs added that for some reason were not originally reported. Still a job is a job, just those darn government jobs need tax revenue for funding.
One does wonder why this was way under reported earlier. I just can't imagine why the estimates were so far off. Oh well, good news is good news. And the timing could not be better, after the poor performance in the debate this will probably get Obama back to "winning".
Posted - 10/5/2012 2:47:28 PM | show profile | flag this post
The gain is ALL from private sector jobs...
The public sector continues to be the only major part of the economy shedding jobs. In fact, public sector job losses are one of the biggest reasons the unemployment recovery has been so slow.
Posted - 10/5/2012 4:39:03 PM | show profile | flag this post
Good to hear it...
Don't know where I got the idea that there were a large number of government jobs, previously unreported, added. Or that there was in increase in part time employment. It could be from here:
It also shows that federal, state and local governments added 10,000 jobs in September and a revised 63,000 jobs combined in July and August. The government's initial estimates had shown government job losses for July and August.
Still, many of the jobs the economy added last month were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million, the most since February 2009.
Read more here: http://www.charlotteobserver.com/2012/10/05/3578302/us-unemployment-rate-likely-rose.html#storylink=cpy
Posted - 10/5/2012 5:38:21 PM | show profile | flag this post
I'd be wary of those numbers
The Bureau of Labor Statustics tracks the labor force participation rate and it's been on a downward slide since November of 2008. That artificially lowers the unemployment rate.
The REAL unemployment number is 14.7 percent...unchanged from last month and down only 0.1 in five months.
Those interested can verify these figures at www.bls.gov
Posted - 10/5/2012 8:26:39 PM | show profile | flag this post
The unemployment rate
has dropped to 7.8%
Businesses added 104,000 jobs while federal, state and local governments added 10,000.
"Those interested can verify these figures at www.bls.gov"
Posted - 10/5/2012 9:14:14 PM | show profile | flag this post
The REAL unemployment rate is 14.7 percent. The number yiou cited is artificially lowered by the labor force participation rate. You cannot in good conscience call yourself a journalist if you don't acknowledge that I'm correct.
Partisanship should have no place in this discussion.
While one certainly can find the simplistic and wrong figure you cited on the BLS web site, they can ALSO find those that I cited...the ones that throw your figure into a cocked hat. It is there just to make Obama look good to those who do not understand the U6 and labor force participation.
Posted - 10/5/2012 9:15:05 PM | show profile | flag this post
The REAL Unemployment Rate...
... is even higher among trolls on this message board.
Why do you think they have so much time to post and complain all day. They've been out of work for years.
And do you know who is to blame?
That's right. Obama.
Posted - 10/6/2012 9:02:06 AM | show profile | flag this post
All other fine whines aside, you have this: The tallying method hasn't changed, and apples are compared to apples.
Posted - 10/6/2012 9:36:15 AM | show profile | flag this post
Repubs have been using the magic 8% mark for years against Obama...now the UE rate has dropped below that and they are tripping over each other to say how it's not really accurate. You guys just won't give up...it's really pathetic...The great thing is that so many repubs have been spending all their time fighting Obama instead of doing their job, they are in danger of being voted out. I am praying for Dem majorities in both houses...it's the only way anything good will ever be accomplished...
Posted - 10/6/2012 12:04:45 PM | show profile | flag this post
"the only way anything good will ever be accomplished"
is for Republicans to win the White House AND both houses of the congress. We've had FAR too much of an intrusive and bloated fleft wing ederal government. It's time for it to step out of the way and permit the country to return to what made it the greatest nation the world has ever seen.
Posted - 10/6/2012 12:11:29 PM | show profile | flag this post
When in doubt
'Rally 'round the flag boys'!!!
Having the Repubs in charge of everything is what got us into this mess.
Personally, I miss the good ole days when we had a budget surplus, and weren't dealing with trillions of debt laying around because of two unpaid wars, unpaid medicare plans, tax cuts for the rich and oil companies etc etc....
But never mind all that--Just use the "greatest country on earth" line--that glosses over everything.
Posted - 10/6/2012 12:44:15 PM | show profile | flag this post
This "mess" did not happen until democrats gained control of the house and senate in 2006. It's a secret, don't tell anyone. You need people to keep repeating the "It's all the republican's fault" mantra.
|it's just tv folks||
Posted - 10/6/2012 1:38:06 PM | show profile | flag this post
I had no idea that 2 unfunded wars and unfunded tax cuts only occurred in the last two years! I'm so glad you're here to inform the rest of us about your alternate reality world.
Posted - 10/6/2012 1:55:01 PM | show profile | flag this post
Are you left wingers really hoping
people who have no idea how the world works will read your...uhh, erroneous posts...and believe them?
Posted - 10/6/2012 3:56:03 PM | show profile | flag this post
"This "mess" did not happen until democrats gained control of the house and senate in 2006."
Really? Had no idea that Nancy Pelosi or Harry Reid invaded both Iraq and Afghanistan on their own authority. Or introduced Medicare Part D and the Bush tax cuts--ALL off the books--and totally against the wishes of the White House.
Yea. That IS a good secret.
Posted - 10/6/2012 4:16:59 PM | show profile | flag this post
That's some good points, Mpdodgson
I forget, what was the unemployment rate January 2007?
Posted - 10/6/2012 5:52:30 PM | show profile | flag this post
Funny you should ask...
The unemployment rate in 2007 started at 4.6, then grew to 5.0 in December when the Officials Great Recession hit (Gee. Who was president then??)
"The Recession of 2007–2009" http://www.bls.gov/spotlight/2012/recession/pdf/recession_bls_spotlight.pdf
As far as Wall Street is concerned; "The facts show that under Bush, the Dow Jones Industrial Average lingered around the 10,000 mark between 2001 and 2006, with a substantial dip in 2002 and 2003. We started two wars then. It then climbed to a peak of 14,000. In 2008, it crashed down almost in free fall. Since Obama took office, it has been climbing steadily." (WSJ)
Now....this month..we see "Oct. 5 (Bloomberg) -- U.S. stocks rose, sending the Standard & Poor’s 500 Index above the highest closing level since 2007, as an unexpected drop in the American unemployment rate bolstered confidence in the world’s largest economy.
And..."The unemployment rate unexpectedly fell to 7.8 percent in September, the lowest since President Barack Obama took office in January 2009"
So. Any normal person, even without an economic background, but at least familiar with the English language, Can conclude that
1) Even though Bush cannot, realistically be "blamed" for 9/11 (IMO) the fact remains he started two wars without paying for them.
2) Policies such as the "Bush Tax Cuts" and "Med PartD"--again--unpaid for--occurred under his watch.
3) The reason they call it the "Great Recession" is that nothing compares to it outside of the "great Depression". Again, this was under Bush's watch.
4) Under Bush, Wall St took a dive...millions lost millions in ther retirement accounts under Bush, now? Wall St is thriving.
This is JUST the "economics" situation...Crystal Clear it's better than under the previous administration. Throw in the 'War on Terror', well that just makes the differences even clearer (or worse, depending on your point of view).
This is just part of the reason, when I hear "he can't run on his record..." Oh bull. Of course he can.
Posted - 10/6/2012 6:51:18 PM | show profile | flag this post
So let me see...
You said, and I quote, "Having the Repubs in charge of everything is what got us into this mess." Yet you pretty much end up blaming, uh what's that guy's name again, oh yeah BUSH with everything. Well I am letting you in on a little secret, he is not running for President. He is at home on his ranch. And as I pointed out, the "repubs" were not "in charge of everything" when this recession started. However the democrats were in charge of everything for 2008-2009. You might remember those years when the recession continued and unemployment stayed at historic levels while we kept getting deeper in debt.
Posted - 10/6/2012 7:02:35 PM | show profile | flag this post
IMO, That's where
your whole argument falls apart...
"...remember those years when the recession continued and unemployment stayed at historic levels while we kept getting deeper in debt."
"when the recession continued" SOOO; there was a recession before obviously, which started not under this administration, but the previous one. But--but--why didn't this guy fix the Great Recession in a year or two?? I mean, jeez, how hard could it be??
"...unemployment stayed at historic levels..." Uh yea. It was like 795,00 jobs lost in the month before Obama took the oath. If it STAYED at historic levels--Where'd that come from?? Again, it's like 'man dude, why didn't you fix that in a few weeks...?'
"....while we kept getting deeper in debt." Been through that one. When you hand off a few trillion in debt to the next guy?? Guess what? The next guy gets a few trillion in debt. Duh.
I'M NOT the one blaming that idiot "home on his ranch".
Posted - 10/6/2012 7:15:00 PM | show profile | flag this post
You mentioned him by name at least 5 times in your post. Your numbered points all mentioned him. So it seems it is you, not me, that wants to blame Bush for the recession.