latest jobs report
 

good news on that front. hopefully it will continue in that vein.

Mostly in services

Decreased 10,000 jobs in goods producing.

The underemployed rate is at 14.7%

But still a victory for any residing President in this idiocracy. The morons eat up cooked books.

:tro:

It's reported in the cooked books that part-time jobs increased 600,000+

But really it doesn't matter. Most people look at the headline because they're busy. Just met someone that gave them their hotel room key. Don't have time for studying. Plus the person who gave you the room key said everything is fine.

And do you EVER remember them revising previous numbers UPWARD?

No. Well not for the big report. Only mild gains on average at the weekly churn.

But I give up. We're lost, jms. When you have successful people conditioned to accept this economy then it's over. No return to any form of sanity.

As long as the pigs at the royal farms get fed then everything stays the same.

Try going in that pen and making the pig sacrifice anything over the pigs self-interest.

We get what we deserve.

Didnt get to read up on all the news, just scanned the article before leaving to go to closing.....i knew thered be more to it, just didnt have time to read it all.

Interesting analogy considering the story out just a few days ago about the farmer apparently eaten by his hogs.

Yes. We have two economies: one for the wealthiest, and one for the 47%.

Unemployment at Obama-administration low of 7.8% Lowest since Obama was elected, in face of 100% Republican obstructionism. Treasuries up to 1.73% yield. Dow up 50 points on this announcement, and now at 5-year high, you can get yields of 10-15% readily if you have the money to place.

That's the economy for the top quintile of Romney's 53%

Meanwhile, the other 47% has real wages falling for 50 years in a row, had their pensions taken away, no benefits at work, a minimum wage that put you barely above poverty level, doesn't even have a simple, reliable method of saving any money with a compounding interest rate of even 1% of any means whatsoever.

And Romney-Ryan want you to elect them, so they can additionally privatize to profitize the taxpayers social security and medicare/medicaid trust funds.

That's about the only big piles of money left for the wealthy to skim in the USA. Oh - school education funds. They want to privatize to profitize those funds, too.

On the unemployment numbers: Of course there are still unemployed people not in the numbers. Everyone knows that. I'm tired of everyone calling these numbers "cooked", or talking about "real" unemployment when these numbers come out: these numbers have been created the same way through all administrations, there are always people not included in these unemployment numbers who are not looking or who have fallen off the grid, everyone knows that.

It is not a secret, nor is it "cooking the books" to compare apples to apples year after year. Everyone knows there is always about an additional 4% group of Americans who will never, ever be employed or be looking for work, whether the official unemployment numbers are 3.6% or 7.8% or 15.4%

That said: right now Congress is sitting on, ignored by the GOP, the American Jobs Act that would immediately create 2 million jobs, and the Veterans Jobs Act that would employ 100,000 unemployed veterans.

Republicans vote against these bills. Democrats vote for them. Choose your side Nov 6. If you vote Democratic and the House turns, both bills will be immediately passed January 2013 and real unemployment will drop like a rock next spring.

Geeshus, I'm so sick of internet conspiracy theorist Obama-hating idiots:

Can the White House cook the unemployment numbers?

No, says prominent Republican after Republican:

"Its uncharacteristic of the Obama administration to lie about something like this..."

So it is "characteristic" to lie about other things, just not reports produced by supposedly non-partisan gov't bodies? Or it is out of character for them to lie but, you know, sometimes they do? I'm amazed that people say **** like this and no one calls them on it.

You can contact the journalist author of the piece, Abby Eblin of ABC News, here to complain to her:

http://abcnews.go.com/blogs/business...-jobs-numbers/

I agree, that line she wrote doesn't exactly fit with what the source she was quoting is saying:

Not so, the real rate is 14%...I heard it from Neal Boortz and one of his callers verified it...that's nuff for me...:wf

Glad to see the government is doing well enough to expand and hire 10K more Fed employees at bloated salaries and even more bloated pensions that our great grandchildren will end up paying for. Must be all that consolidating Obama promised. Guess the middle class (in the private sector) don't really matter all that much when compared to the government worker. And halving the deficit? Forgetaboutit!


http://cnsnews.com/news/article/unem...rnment-workers

This is like that trick we do to little kids...you hold your hand sideways, you hide that thumb, but take the thumb from your other hand and slide it back n forth across the top of your hand so it looks like its detached...misleading & deceiving, just like this administration!!!!!

You are admitting that you really think this administration has falsified figures? :D

But when you're an adult and promise other adults you will halve the deficit or you will be a one term president you should honor that promise and admit you're a complete failure (increasing the deficit) and step down.

But when you're a man with a racist pastor you attribute to bringing you to Christ and then flush him down the toilet because of personal gain you are a two-faced creep!

Or just a plain ole moron of Al Sharpton ilk.

Congrats on a sputtering economy and lower median income after 4 years at the helm.

Yeah, allegedly down to 7.8% woo hoo!!

What are the odds that Obama's "master plan" involved having elevated unemployment from the Bush years, and over 8% for 43 straight months before coming down slightly?

Isn't it more logical that if Obama's plans were doing any good, that there would have, at some point, been a gradual but steady downward trend in unemployment?

Jack Welch's comments on "cooking the books" don't sound too far-fetched.

:tro::tro:

:zz: That's what has happened, no? 10.1 down to 7.8?

Obama's gradual downward trend virtually exactly matches Reagans' numbers for his first term in 1984

That's why it is so endless hilarious to me, to see the current right wing go ballistic over stuff that is ... exactly like previous Republican presidents have gone through.

More bad news for Republicans, good news for America

1) BLS just announces Unemployment down to 7.8%

2) CBO just announces last week that Obama budget-tightening is working, federal budget deficit has gone down for the third year in a row.

2009 10.1 % of GDP
2010 9.0 % of GDP
2011 8.7 % of GDP
2012 7.0 % GDP

We want it about 3-4% of GDP, so a ways to go, but it's definitely in right direction. Congrats Obama.

3) Federal spending tightened right down to 1.2 trillion a year (lowest since Reagan) Congrats Obama.

4) Last week another 91 providers were busted for Medicare fraud, to the tune of $430 million in false billings.

That's a total of $882 million in savings from Medicare fraud this year alone, uncovered due to provisions in Obamacare that make it easier to find and prosecute. Dang - congrats Obama, again.

http://www.nytimes.com/2012/10/05/bu...t-91.html?_r=0

It amazes me the lies about finances and economy that float around this presidency, spread by RWNJ. The truth is rather palatable and pleasant. Yeah, and nobody is saying it's perfect - it's definitely headed the right way, and denying that is simply hallucinatory.

Let’s review:

* The 114,000 jobs created in September is below the average created this year, which was 146,000.
* The 114,000 jobs created in September is below the average created last year, which was 153,000.
* The U-6 unemployment number, which reflects the entire labor situation, was basically unchanged at 14.7 percent.
* If labor participation was where Obama had inherited it from George W. Bush, the unemployment rate would be closer to 11 percent.
* Part-time people employment jumped from 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009. That means the quality of jobs people are finding is dropping.
* And a comparison: During the Ronald Reagan recovery the country average around 275,000 new jobs a month.

Updated:

* A 7.8 percent today ties Bush’s worst unemployment month.
* Although previous job growth revised up by 126,000, job growth in private sector was revised down by 4,000.
* August 2010: 58.5 percent of working age Americans had jobs.
* August 2012: 58.3 percent of working age Americans had jobs.
* 38,000 manufacturing jobs lost since August
* Black unemployment January 2009: 12.6 percent … Sept 2012: 13.4 percent.

If bringing the unemployment rate back to the 7.8 percent (with fewer people working at lousier jobs) is what a stimulus plan, three rounds of quantitative easing and endless spending gets us, this presidency can be safely categorized as one of the worst investments in history.


Your constant drumbeating is ponderous (you may need to look it up).

Nobody is buying it.

:tro:

Three GOP Rules for the 47%.

There are three rules for the modern workplace:

1. Shut the fuc.k up
2. Get back to work.
3. Bring me the money. NOW, aszhole, I don't got all day.

You sure that's not the average Iranian marriage?

Or most anywhere in middle east..

Funny. You bought it during Reagan. With ponderous drumbeating by conservatives.

Geebus effing cripes - nobody is doing an incredible happy dance over 7.8- but compared to 10.1, yeah, it's MUCH BETTER.

Totally hilarious to see the jobs number come down from 10.1 to 7.8 (and yes, everybody knows the ancillary details, Joey, that is not "news", and the constant "yes but" that everybody freakin' knows is just silly) and the RWNJ jumping through hoops to paint it in a bad light.

If you think that the effects of the great recession could be completely reversed and eliminated in 3 years - with zero help from the opposition party, btw - you're one of the people who mistakenly think Obama was elected Jesus, not President. No president could have done better.

The constant attacks and lies are beyond absurd. Shows how hate for Obama is far greater than jobs numbers heading in the right direction. Anger over jobs numbers lowering? That's just ... hate.

Geeshus cripes.

This president has cut federal spending to the bone, gotten completely aggressive exposing and eliminating Medicare fraud, extended it's life 8 years, lower the deficit (not our debt, the deficit) every year he's been in office, and lowered unemployment numbers.

Again - against an opposition party that met the night he was elected and swore they would sabotage him at every turn. Oh, yeah - Paul Ryan was at that meeting. The biggest "no nothing" congress in decades, historical lack of any action to help the USA in our current Republican House. That's beyond disgusting - they need to be kicked out of office. That alone disqualifies Paul Ryan from office in my eyes - that he puts politics above our well-being as taxpayers.

Yes - more is needed. No shi.at!

The constant bullshi.at "sky is falling!" screams about failure just doesn't stand up to reality.

I don't hate him, I just think he is not qualified to do the job. I don't like his policies and I think overall someone else with more experiance would be better.

Name three specific Obama polices you don't like.

Factually, this president has been quite successful in office. His qualification has been proven beyond a doubt. I've lived through quite a few US presidents, and Obama is by far not close to the worse - he close to the best. And yeah - I have voted Republican my entire life. Obama fits very well with moderate Republican values.

Mitt Romney has zero experience - you certainly can't vote for him if "more experience" than successfully being President of the United States is what you are looking for. This morning Romney gave his "major foreign policy speech" and it was a laughable joke of platitudes and empty ridiculousness. Talk about scary for this country and the world! Romney is Sarah Palin with more money.

If John McCain had done what Obama has accomplished, the GOP would be screaming for his head to be on Mt. Rushmore.

General Motors, saved by government socialist bailout tied to the horrible energy policy of requiring the auto manufacturer to double the mileage their cars get by 2025, halving our gasoline prices, and paying back their loans - today announced another massive Obama failure (aside from his saving auto manufacturing in the United States and millions of auto-industry and supply-side jobs):

These are high-paying information technology jobs requiring skill and college graduation, another failure as Obama clearly has abandoned needy unemployed ditch diggers by favoring crony capitalism for his friends from Chicago. Er, Detroit.

Uhm....what seems to be your primary malfunction here,ma'amski? Do you not know one cannot type in clearspeak and directly to the Demon?

For the Demon mixes lies with lies.



15 days in the penalty bra for you.

Typical. Pointing out facts and not drinking the Kool Aid = "constant attacks" and of course.....ya know it's coming..........wait for it............... OMFG RACISM!!!

How many trillions between QE 1,2,3 and the failed stimulus did these 8 million seasonal part time jobs actually cost?

Well, aside from you taking the argument to a straw man that victimizes you, and ignoring facts - well done :D

See, objective, reasonable American people are happy the economy is starting to turn around - not angry about it, or trying to discredit it's existence, or lying about it ("the stimulus failed")

Let alone actively working to try and sabotage the turnaround (The Republican Party)

Riot makes me actually want to vote for Romney.

latest jobs report
 

Thought you were referring to Romney here; carry on while I try and keep up!

Wonder how many votes Roseanne Barr is going to cost Barry here in FL.

are you talking about romney or obama? that critique could refer to either of them.

The economy is recovering?
Love to know that I'm looking at a 16% drop this year from 2011 and 2010. This of course after a ugly 2008-2009 that I wish on no one.

But the economy is recovering?

Manufacturers continue to produce product, but no one is buying. Since no one is buying warehouses are being bought up, leased...etc. Still no one is buying. Now Manufacturers are going down to 4 days of work. Why? Because no one is buying.

Yet the economy is recovering? Really?

Why are you a racist that is so full of hate towards our Glorious Leader??!!!

Why can't you see that giving money away to GM = "saving the Auto Industry"?

We are STILL upside down over 14 BILLION DOLLARS but as Riot would spin it, it's an unmitigated Success!!!

>>>The United States Treasury owns roughly 500 million shares of common stock in General Motors. (Source: U.S. Treasury) The Treasury would need to sell these shares at roughly $53 per share in order to "break even" on the investment. (Source: WSJ) Using Google Finance API, we multiply the current GM stock price by 500,065,254, and subtract that total from $26,503,458,462 (or, 500,065,254 x $53).<<<

And if you have even the slightest hint of criticism on the way this president has pissed away trillions of dollars and the economy it's STILL worse than when he took over, why you are just Full Of Hate!

If you want racism, I'll give you racism

http://newsbusters.org/blogs/matthew...racist-insults