Jobs

[hcap]

http://www.nytimes.com/2013/03/09/business/economy/us-added-236000-jobs-in-february.html?_r=0

The American economy created jobs at a faster pace in February, adding 236,000 positions, the Labor Department reported Friday.

The unemployment rate was 7.7 percent, the lowest since December 2008, compared with 7.9 percent in January. Economists had been expecting the economy to add 165,000 jobs in February, with no movement in the rate.

After peaking at 10 percent in October 2009, the unemployment rate fell steadily for three years but has been stuck at just below 8 percent since last September.

..........................................

Did I hear someone say Tea Party in 2014? :cool:

[Tom]

What kind of jobs?
Min wage?
Good manufacturing jobs?

McJobs or Jobs?
7.7 is better than 7.9. We agree.
But it is worse than 5.0. Not time to break out the party hats yet, unless it's your birthday. Is today your birthday?

And yes, as long as there is fiscal irresponsible spending, there will be a Tea Party, Virginia.

[hcap]

What kind of jobs?
Min wage?
Good manufacturing jobs?

McJobs or Jobs?
7.7 is better than 7.9. We agree.
But it is worse than 5.0. Not time to break out the party hats yet, unless it's your birthday. Is today your birthday?

And yes, as long as there is fiscal irresponsible spending, there will be a Tea Party, Virginia.Actually, I agree. No time to break out the party hats-----yet. But around November 2014 might be for Dems-----again

:cool:

[cj's dad]

I am being furloughed at day's end. Get to keep all of my benefits until I am called back in June. Like an extended vacation with 60% pay. Thanks BO, your newest fan.

Hide Ralph, I'm a comin' out; to Texas that is.

[Tom]

I wonder how many of those jobs will negatively impact the environment and further add to global warming?

[hcap]

I wonder how many of those jobs will negatively impact the environment and further add to global warming?Glad to hear you changed your mind about Climate Change

[ArlJim78]

is this a joke? can people be such rapid partisans that they celebrate news like this and ignore some of the more unpleasant aspects of the report?
listen, as long as the workforce continues to shrink at the same time that we continue to spend and tax like there is no tomorrow, we're not going to recover.

[Marshall Bennett]

How many jobs were lost? Seems like the business section of paper constantly mentions some corporation laying of 10 to 20 thousand.
It's already a known fact that unemployment figures are misleading and not a true barometer of the job front, mostly due to the length of the recession. Too many have given up looking for work and run out of benefits.
This thread is useless and sheds no light on the condition of the economy. the one your man is destroying, hcap.
I suppose you'll start another thread regarding the stock market's new high and how everything is now smelling like roses. Again, a misleading guideline, one which by the way Obama has nothing to do with, but will take credit for.

[mostpost]

is this a joke? can people be such rapid partisans that they celebrate news like this and ignore some of the more unpleasant aspects of the report?
listen, as long as the workforce continues to shrink at the same time that we continue to spend and tax like there is no tomorrow, we're not going to recover.
The U6 rate also dropped from 14.4 to 14.3%. No the news is not yet great, but it is better. Of course these numbers do not reflect the effects of the sequester.

[hcap]

There is a recovery happening since the recession. Will the ecomomy EVER return to where it was in the late 90's. I doubt it. Problem is there are long term structural changes due to where jobs NOW go and a mulch-national corporations' ability to devour a countries middle class's wealth since globalization.

Capitalism has definite limits. A double edged sword. As a "free market" overly worshiped by many. So yes, there is dark side. But substantially lighter than the last 1/2 year GWB was in office when we lost 3/4 of a million jobs per month

[NJ Stinks]

http://www.nytimes.com/2013/03/09/business/economy/us-added-236000-jobs-in-february.html?_r=0

The American economy created jobs at a faster pace in February, adding 236,000 positions, the Labor Department reported Friday.

The unemployment rate was 7.7 percent, the lowest since December 2008, compared with 7.9 percent in January. Economists had been expecting the economy to add 165,000 jobs in February, with no movement in the rate.

After peaking at 10 percent in October 2009, the unemployment rate fell steadily for three years but has been stuck at just below 8 percent since last September.

..........................................

Did I hear someone say Tea Party in 2014? :cool:

Aside from CJ's Dad who has good reason to be upset, the rest of the Mohicans here responding to your post remind me of a guy who hits a $2 daily Double that pays $600.20 and immediately starts to wail about the forthcoming Form W-2G. :rolleyes:

[Tom]

Of course these numbers do not reflect the effects of OBAMA'S sequester.

FTFY


Now, let's say, for the sake of argument, the left is correct - the jobs picture is very good right now. This tells me that we now have a lot of new tax revenue coming in, so it high time to stop arguing raising taxes and get to the job of spending cuts.

[hcap]

This tells me that ........... It tells me you are in denial for the 1000th time since you lost last novrmber. :)

[dartman51]

I don't see how anyone can take these numbers for anything but what they are. Bogus. And, NO, it has nothing to do with Obama. Both parties do it. It has to do with how they come up with the numbers. It's done the same way a poll is done, only with more people, by polling a sample of about 60,000 households. But when you say that there was 236,000 new jobs added in the month of February, that sounds great, but at the same time, you ignore the fact that there is an average of OVER 340,000 NEW sign ups for unemployment, EVERY WEEK. The numbers just don't compute.

[Mike at A+]

Workplace participation rate ticked DOWN another 1/10th of a percent. That means more people making livable wages are now out of work and more entry level burger flippers are flipping burgers. Smoke and mirrors, hope and change, fundamentally changing America (as promised). :lol: :lol: :lol:

[JustRalph]

I am being furloughed at day's end. Get to keep all of my benefits until I am called back in June. Like an extended vacation with 60% pay. Thanks BO, your newest fan.

Hide Ralph, I'm a comin' out; to Texas that is.

You can come out either way :lol: :lol:

[mostpost]

What kind of jobs?
Min wage?
Good manufacturing jobs?

McJobs or Jobs?
7.7 is better than 7.9. We agree.
But it is worse than 5.0. Not time to break out the party hats yet, unless it's your birthday. Is today your birthday?

And yes, as long as there is fiscal irresponsible spending, there will be a Tea Party, Virginia.

You can find the answer to your question here:
http://www.bls.gov/news.release/empsit.b.htm
This shows that the private sector added 246,000 jobs-public sector lost 10,000. 67,000 of those were added in the goods producing sector. This includes, mining, construction and manufacturing. All of which are good paying jobs.

179,000 were added in what they call service providing. This would include what you call McJobs. But which of those 179,000 jobs can be categorized as mcjobs. Well, 23,700 are classified as in retail trade. Even if we assume that all of those jobs are at Mc Donalds or Walmart, that means that less than 10% of the jobs created fit your Mcjobs category.

[Tom]

Then we need to have spending cuts of $2.50 for every new dollar in new taxes.

The cry of not enough revenue is dwindling.

You just proved it!

[fast4522]

People believe in change, diametrically opposing views of the change. My view is the average Joe needs to support his wife and kids, and or the soldier returning from service to our country needs employment that ensures his sacrifice was worth being shot at or killed to return to reasonable normalcy of a country that he remembered and loves. Everyone who is a leftest who believes what they want is more important over these two core items is a filthy piece of shit that is better off to our country to die of aids or cancer post haste. I am a true believer in the American way, and not the socialist waste.

[johnhannibalsmith]

...My view is the average Joe needs to support his wife and kids, and or the soldier returning from service to our country needs employment that ensures his sacrifice was worth being shot at or killed to return to reasonable normalcy of a country that he remembered and loves. Everyone who is a leftest who believes what they want is more important over these two core items is a filthy piece of shit that is better off to our country to die of aids or cancer post haste. I am a true believer in the American way, and not the socialist waste.

I'm not sure I should even ask for a clarification, but what are these things that "leftests" are prioritizing that are preventing Average Joe from supporting his wife and kids and as a consequence should be infected with AIDS and cancer?

Just as an aside, wouldn't it be more cost effective to just utilize gun rights to one shot them dead instead of the potentially costly expense of long term terminal illness? Or would that fall under the category of not supporting socialist "Death Panels"?

[fast4522]

Clarification, indeed.

I really could care less what someone else wants because it is always way too much and cost prohibitive. Let them eat cake! One can only justify his or her actions to save life.

[johnhannibalsmith]

.... Let them eat cake! ...

A benevolent last meal anyway I guess. Thanks for clearing it up.

[hcap]

People believe in change, diametrically opposing views of the change. view is the average Joe needs to support his wife and kids, and or the soldier returning from service to our country needs employment that ensures his sacrifice My was worth being shot at or killed to return to reasonable normalcy of a country that he remembered and loves. Everyone who is a leftest who believes what they want is more important over these two core items is a filthy piece of shit that is better off to our country to die of aids or cancer post haste. I am a true believer in the American way, and not the socialist waste.
My God! I read the first 2 sentences and thought you were channeling Frank Capra! What a mensch you had become!

Unfortunately, I then finished reading the rest of your post and realized instead it was not Capra, but a certain Prince of Wallachia (1431–1476), who was a member of the House of Drăculești, also known by his patronymic name: Dracula. He was posthumously dubbed Vlad the Impaler :cool:

[fast4522]

He was posthumously dubbed Vlad the Impaler

And he knew what he was doing, but I do not see things as clear as you.

[hcap]

He was posthumously dubbed Vlad the Impaler

And he knew what he was doing, but I do not see things as clear as you.Professor Irwin Corey explained things clearer than you :cool:

[fast4522]

You think so? You will yield way, like it or not to someone who will contribute to the American dream. :lol: :lol: :lol: :lol: :lol:

[ElKabong]

all the sunshine pumping is getting old. Check that-- has been old for quite some time. It's been 4.5 years since the crash and the economy is fundamentally no better than it should be, given 4.5 years time.

Don't lean on the rush on wall street as a triumph...The stk market is soaring, but some of us didn't fall off the turnip truck. We know (a) it fluctautes & never goes one way for a long period of time. It will crash again. (b) the market is flush b/c the interest rates are too low to put your money anywhere else. Aas soon as the rates go up, the market is in for another big crash.

Wwhich brings us back to main street....We need more than the current job gains (good career type jobs- not McJobs) to get back to a healthy path....after 4.5 years you'd think this would happen but it hasn't. Aanyone thinking this news is a success doesn't have a clue

[RaceBookJoe]

all the sunshine pumping is getting old. Check that-- has been old for quite some time. It's been 4.5 years since the crash and the economy is fundamentally no better than it should be, given 4.5 years time.

Don't lean on the rush on wall street as a triumph...The stk market is soaring, but some of us didn't fall off the turnip truck. We know (a) it fluctautes & never goes one way for a long period of time. It will crash again. (b) the market is flush b/c the interest rates are too low to put your money anywhere else. Aas soon as the rates go up, the market is in for another big crash.

Wwhich brings us back to main street....We need more than the current job gains (good career type jobs- not McJobs) to get back to a healthy path....after 4.5 years you'd think this would happen but it hasn't. Aanyone thinking this news is a success doesn't have a clue

Very good and accurante post and my guess is the avg American's wealth hasnt climbed as much as the indices have.

[redshift1]

all the sunshine pumping is getting old. Check that-- has been old for quite some time. It's been 4.5 years since the crash and the economy is fundamentally no better than it should be, given 4.5 years time.

Don't lean on the rush on wall street as a triumph...The stk market is soaring, but some of us didn't fall off the turnip truck. We know (a) it fluctautes & never goes one way for a long period of time. It will crash again. (b) the market is flush b/c the interest rates are too low to put your money anywhere else. Aas soon as the rates go up, the market is in for another big crash.

Wwhich brings us back to main street....We need more than the current job gains (good career type jobs- not McJobs) to get back to a healthy path....after 4.5 years you'd think this would happen but it hasn't. Aanyone thinking this news is a success doesn't have a clue


Only the naive would see the Dow surge as a triumph and only the naive fail to see even modest improvement, being ideologically satisfied with a faltering economy and the perception of failed economic policy is hierarchically more significant than recovery.

.

[JustRalph]

I spent a few hours with a buddy who was in town for a conference at the Gaylord center in Grapevine on Tuesday night. He's a certified financial planner. We used to be cops together. I asked him and a few of his buddies about the dow being so high. They shook their heads and the number one comment was
"The Fed has pumped it up" he told me he has clients that are running for the doors and many that ran out the door as long as two months ago. When I asked him about his personal exposure he replied. " I play it safe" whatever that means.

One guy told me it's like standing in the desert looking at a mirage :lol:

[Marshall Bennett]

All the money that's been pumped into the system has only disguised the true severity of how bad the economy is. How we deal with inflation and the length of it will decide it's fate. Pretty much uncharted territory because the economy has never been dealt with in such a manner. I think its madness.