Job growth an anemic 115,000; jobless rate ticks down

The American economy added a lackluster 115,000 jobs in April, according to the Bureau of Labor Statistics. The unemployment rate dropped to 8.1 percent.

The only good news in the report is that job estimates for previous months were revised upward, meaning more jobs had been created than initially thought.

For example, the initial March release reported 120,000 jobs created; the revised figure is 154,000.

The February number, originally reported at 227,000, has been revised upward twice and now stands at 259,000.

If that pattern holds for April, today’s numbers will also be revised upward. But such revisions won’t be enough to turn a disappointing number into a strong number. This continues to be a long, hard slog.

– Jay Bookman

540 comments Add your comment

USinUK

May 4th, 2012
8:46 am

you failed to mention that the % of long-term unemployment has dropped

and that temping is picking up -

both good signs

it may not be robust growth … but it is growth – and that’s what matters

Adam

May 4th, 2012
8:48 am

Long, hard slog yes. Bad news? Not really. I mean it’s not great news, but it’s still good and means that we are moving in the right direction. “Don’t muck it up.”

Adam

May 4th, 2012
8:48 am

USinUK: Yes, exactly

godless heathen

May 4th, 2012
8:49 am

Maybe the Presidency will be revised upward in November.

stands for decibels

May 4th, 2012
8:49 am

The numbers would be much better if the a##holes who run this country would stop being terrified of spending money that can be borrowed for next to nothing in order to put more people to work making and building and fixing stuff this country desperately needs.

Stephenson Billings

May 4th, 2012
8:51 am

“In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to
88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.”

Jm

May 4th, 2012
8:51 am

I’ll get this out of the way: thanks Obama :)

Also, labor participation still worse than even unemployment figs

And blood suckers are pillaging the social security disability fund

Despicable

carlosgvv

May 4th, 2012
8:51 am

Instead of joining ranks and working together for the benefit of the people, Democrats will exagerate this progress and blame the Republicans for it’s not being better. Republicans will damn this lackluster progress and place all the blame on Obama. The Democrates will spin it to looke good, the Republicans will spin it to look bad and America will continue to suffer. The idea of a House, Senate and Presidency filled with people of quality, character and real leadership gets more distant every day.

Peadawg

May 4th, 2012
8:51 am

“The numbers would be much better if the a##holes who run this country would stop being terrified of spending money that can be borrowed” – Yup, keep on increasing our debt. ‘At a boy!! :roll:

Anemic growth is still growth I guess.

Everybody have a good Friday!

hmmmm

May 4th, 2012
8:51 am

TaxPayer

May 4th, 2012
8:53 am

If we had followed the Republican approach through the Great Recession, we would be bogged down in something more closely resembling the Great Depression and have unemployment rates much like many European countries. If you think 8.1% unemployment is bad then try 25%.

Paul

May 4th, 2012
8:53 am

A single data point does not a trend make.

But the direction is clear. It’s not a sprint, it’s not a brisk walk, it is, as Jay put it, a ‘long, hard slog.’

To those who say it isn’t good enough, I ask ‘what would you have done differently. Or what would you do differently? If you autorespond with ‘less regulation and cut taxes’ would you please do us the courtesy of explaining how that will speed the recovery? Not theoretically, but real world? You know, like maybe some examples where that’s worked in the past?

I know, I’m dreaming. But it’s nice to think the critics might have an original thought they’d care to share.

USinUK

May 4th, 2012
8:53 am

Peadawg – 8:51 – it’s not just Friday … it’s STAR WARS DAY!!! May the 4th be with you :-)

scott

May 4th, 2012
8:53 am

Man…you libs will spin anything to make this Admin look like it has a clue what is going on. I guarantee the unemployment number will be probably around 6% by election time, yet the participation rate will continue to be at record levels and you will all say he is doing such a great job. You cannot see the forest from the trees.

hmmmm

May 4th, 2012
8:53 am

That gray area may be working to the advantage of some unemployed, according to economists David Autor at the Massachusetts Institute of Technology in Cambridge and Mark Duggan at the University of Pennsylvania’s Wharton School in Philadelphia. Because SSDI awards have soared even as the health of Americans has improved, SSDI “appears in practice to function like a nonemployability insurance program for a subset of beneficiaries,” they wrote in a 2006 research paper.

USinUK

May 4th, 2012
8:54 am

“But the direction is clear. It’s not a sprint, it’s not a brisk walk, it is, as Jay put it, a ‘long, hard slog.’”

particularly when you have the headwinds coming from Europe that manufacturers are currently experiencing

Paul

May 4th, 2012
8:54 am

Jm

“I’ll get this out of the way: thanks Obama :)

You’re talking about the decline in gas prices, right?

JamVet

May 4th, 2012
8:54 am

Thanks American businesses! Especially you fine patriots at 10 Wall Street!

Keep hiring those folks in the Philippines, India and communist China.

Our socialist Republicans and their presumptive nominee LOVE that…

stands for decibels

May 4th, 2012
8:55 am

Yup, keep on increasing our debt.

yup, keep on fearing scary big numbers because they’re big and scary, and keep on keeping your fellow Americans down and in a world of sh-t.

USinUK

May 4th, 2012
8:55 am

scott – 8:53 – job growth is job growth, my friend … THAT is the bottom line.

scott

May 4th, 2012
8:55 am

Paul, What would I have done? Not done Stimulus. Not done Healthcare reform. just as simple as that.

Peadawg

May 4th, 2012
8:55 am

“it’s not just Friday … it’s STAR WARS DAY!!! May the 4th be with you”

I didn’t know that. I DO know that ‘The Avengers’ is finally out though. Woop woop!!

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

May 4th, 2012
8:56 am

American policy makers have made decisions in the last year that strengthened the nation’s economy, while their European counterparts have made costly missteps.

http://www.nytimes.com/2012/05/04/business/us-chose-better-path-to-economic-recovery.html?_r=1&partner=rss&emc=rss

agree

Thomas

May 4th, 2012
8:57 am

This continues to be a long, hard slog.

Said another way DC is building a bridge to nowhere.

Paul

May 4th, 2012
8:57 am

scott

“I guarantee the unemployment number will be probably around 6% by election time, ”

So what, exactly, will the Administration do to get unemployment down by two points in six months? After you tell us, will you tell us why they didn’t do whatever it is right from the start, so unemployment would’ve dropped four points the first year?

stands for decibels

May 4th, 2012
8:57 am

To those who say it isn’t good enough, I ask ‘what would you have done differently. Or what would you do differently?

I say it isn’t good enough, and I’ve made it quite clear what I would do differently, @ 8.49.

That this approach barely gets discussed in the so called librul media should be a clue as to who really runs things in this country.

USinUK

May 4th, 2012
8:57 am

“Keep hiring those folks in the Philippines, India and communist China.”

at what point can we start calling it “communist” China???

I mean, look at their economy and all the privately owned businesses … it’s a lot of things, but truly communist, it is not.

USinUK

May 4th, 2012
8:58 am

Peadawg – :lol: – you sound just like my hubby … it’s a 3-day weekend here and that’s all he can talk about “can we see The Avengers this weekend? can we? can we?”

stands for decibels

May 4th, 2012
8:59 am

Quick

May 4th, 2012
8:59 am

JamVet

May 4th, 2012
8:59 am

You cannot see the forest from the trees.

Says the guy who holds the actual employers utterly blameless and one single man in the public sector – who has virtually nothing to do with the hiring people in the private sector – totally responsible.

Such is the level of sheer ignorance and hack ideology…

Delusion, thy name is spelled G – O – P.

Peadawg

May 4th, 2012
8:59 am

“that’s all he can talk about “can we see The Avengers this weekend? can we? can we?””

You got a keeper!

USinUK

May 4th, 2012
8:59 am

“You’re talking about the decline in gas prices, right?”

and the fact that people with pre-existing conditions can get health insurance

hmmmm

May 4th, 2012
9:00 am

The fiscal cliff cometh

Mohamed A. El-Erian is chief executive and co-chief investment officer of the investment management firm Pimco and author of “When Markets Collide.”

http://www.washingtonpost.com/opinions/congress-shouldnt-delay-in-addressing-the-fiscal-cliff/2012/05/03/gIQAx3F0zT_story.html

Granny Godzilla - Union Thugette

May 4th, 2012
9:00 am

Good news.

Yes a long, hard slog, but America and Americans are worth the effort.

USinUK

May 4th, 2012
9:00 am

Peadawg – oh, I already know that – it was reinforced when he rescued our neighbor’s cat off the garage roof …

my hero!

Paul

May 4th, 2012
9:00 am

scott

You’re really trying to say that by not doing a stim package comprised of about 1/3 tax cuts and passing legislation that won’t be fully implemented until after 2012 that THAT would have led to an economic recovery?

You sure you wanna stick with that?

Okay, so seriously…. what would Republicans have done in 2009 that would have stopped, then reversed, the most serious recession since the Great Depression?

Thomas

May 4th, 2012
9:00 am

job growth is job growth, my friend … THAT is the bottom line.

For those who are ignorant about unemployment calcs- please see below- note the 4 week. Millions and growing are not being accounted for.

The unemployment rate is calculated based on people who are without jobs, who are available to work and who have actively sought work in the prior four weeks. The “actively looking for work” definition is fairly broad, including people who contacted an employer, employment agency, job center or friends; sent out resumes or filled out applications; or answered or placed ads, among other things. The rate is calculated by dividing that number by the total number of people in the labor force.

Paul

May 4th, 2012
9:02 am

Peadawg

Avengers! Yes!

and that was a great pun, you gotta admit.

Gale

May 4th, 2012
9:03 am

Maybe if we link May the 4th be with you!, then people would never forget Kent State.

JamVet

May 4th, 2012
9:04 am

What would be hysterical is if Thomas or one of his groupthink buddies here had to write a tenth grade paper on how Barack Obama and not American businesses are responsible for the current levels of unemployment, they would not get a passing grade.

I’m not kidding.

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

May 4th, 2012
9:04 am

Millions and growing are not being accounted for.

That’s the story when your party isn’t in power. It gets ignored when your party is in power.

carlosgvv

May 4th, 2012
9:04 am

Peadawg

No disagreement of this one.

“The Avengers” will absolutely rock!!!!!!!!!!!!!!!

USinUK

May 4th, 2012
9:05 am

Thomas – 9:00 -

you’re confusing job growth with unemployment rate … two different calculations.

JF McNamara

May 4th, 2012
9:05 am

Jay,

Is this satire?

Peadawg

May 4th, 2012
9:06 am

“and that was a great pun, you gotta admit.” – That one about star wars day? Yeah, love it!

ty webb

May 4th, 2012
9:07 am

“star wars day”…”the avengers”…what a day for the dorks, enjoy.

Peadawg

May 4th, 2012
9:07 am

““star wars day”…”the avengers”…what a day for the dorks, enjoy.”

Oh we will!

Paul

May 4th, 2012
9:08 am

JamVet

“I’m not kidding.”

Neither are they.

Rather sad, isn’t it?

Thomas

May 4th, 2012
9:08 am

The Labor Force Participation Rate decreased to 63.6% in April (blue line). This is the percentage of the working age population in the labor force and the participation rate is at a new post bubble low. The participation rate is well below the 66% to 67% rate that was normal over the last 20 years, although some of the recent decline is due to demographics.

USinUK

May 4th, 2012
9:09 am

proud dork for 40 (mumble mumble) years …

Brosephus™

May 4th, 2012
9:09 am

I think I’m just gonna sit back and read the dialogue between Team “Glass half empty” vs Team “Glass half full”. I’m certain there will be plenty of opportunities for facepalming on this thread.

Mighty Righty

May 4th, 2012
9:09 am

Obama has solved the high unemployment “rate” problem. Define the unemployed as only those who are actively seeking employment. When the unemployed give up and stop looking for work because the economy is so bad they realize they can’t find work, the rate goes down. I call it Obmanocchio employment numbers. These numbers by the way are determined by a telephone survey of businesses and householdls. Strange in the age of computers where we know every single person who get an unemployment check is listed in an unemployment data base, the Labor Department determines unemployment by telephone survey. Smells funny doesn’t it? Jay left out the part where the number filing new claims had been revised upward in all but two months out of the iast fifteen months. He only reports the supposedly good news for the administration of revised new jobs. The truth is there are more unemployed today than at anytime in our history. Last month, more than 500,000 people gave up looking for work and were not counted in the anemic new jobs number. According to the Bureau of Labor 14.5 million are unemployed or “under” employed. Folks, we have to have “change we can believe in” and that means new leadership in the white house.

Talking Head

May 4th, 2012
9:09 am

115K jobs added not nearly enough to keep up population growth.

Also, labor partcipation is the lowest it’s been since 1981.

Sucks…

Steve - USA (I support "None Of The Above")

May 4th, 2012
9:10 am

I can’t believe people are happy with 115K. A “brisk walk”? How about a hobble with a cane.

TaxPayer

May 4th, 2012
9:10 am

Paul,

I believe the Republicans had an austerity program in mind to deal with the Great Recession. Their plan included eliminating all extended unemployment benefits while cutting funding to states for Medicaid and education, etc., and giving the wealthiest more bigger tax cuts. Dontcha know where that plan would have us today — in line begging the soup Nazi for a little more porridge.

carlosgvv

May 4th, 2012
9:10 am

ty webb

While we’re watching “the Avengers” you can be watching mud wrestling, Jersey Shore and monster truck events.

ty webb

May 4th, 2012
9:11 am

Brosephus,
funny how both of those team’s members switch teams when their team isn’t leading.

TBone

May 4th, 2012
9:12 am

Yep this convinces me that Obama has fixed the Bush mess and not made it worse. I have voted Republican in the past but now I am firmly in the Dems corner. I call BS on this and where’s my green job!

ty webb

May 4th, 2012
9:12 am

carlos,
no, I’ll be getting laid.

Steve - USA (I support "None Of The Above")

May 4th, 2012
9:12 am

The problem is that Housing is a flat tire to this recovery. Hard to get the car up to speed with one flat tire.

I was hoping for better numbers.

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

May 4th, 2012
9:13 am

Thomas, we can account for those millions and millions who are no longer looking for work. Just point us to those stats.

barking frog

May 4th, 2012
9:15 am

The news somehow does
not reflect the cars on the
road or shoppers in the
stores. I guess the
unemployment insurance
is working along with aid
to families.

The Thin Guy

May 4th, 2012
9:15 am

Maybe the reason for the horrible economy is the person in charge has a composite girlfriend named Cher DeWealth. If we get another 4 years of Hoax and Chains we will all envy the vibrant economy of Greece and the illegal immigrant problem will be Americans trying to sneak into Mexico. Some people just never learn. Time to Wok the Dog.

Peadawg

May 4th, 2012
9:15 am

“carlos,
no, I’ll be getting laid.”

So will I. We’ve already ordered and received the Black Widow catsuit for my wife. :)

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

May 4th, 2012
9:16 am

Thomas, I see your numbers, thanks.

Paul

May 4th, 2012
9:16 am

TaxPayer

I’m really quite surprised none of our colleagues on the farfarRight thought to list all those Republican proposals to reverse the Great Recession….

Brosephus™

May 4th, 2012
9:20 am

ty

That’s why I like to sit back and watch. I think I would have been better off majoring in psychology in college instead of math. It gets interesting watching people sometimes.

Brosephus™

May 4th, 2012
9:21 am

While we’re watching “the Avengers” you can be watching mud wrestling, Jersey Shore and monster truck events.

I doubt you will find very few who watch all three of those things. Those particular events there generally attract very different demographics….

Mighty Righty

May 4th, 2012
9:21 am

When the unemployment number of 8.1% down from 8.2% is painted as a positive trend, in spite of the truth which is the lower number represents more than 500,000 of our brothers and sisters who have given up looking for work, instead of new jobs being created, the honest conclusion is the report is awful. There is nothing positive about this report.

Just the facts mam

May 4th, 2012
9:21 am

“Yes a long, hard slog, but America and Americans are worth the effort.”

Ultra-nationalist. Sick.

Midori

May 4th, 2012
9:21 am

Paul, What would I have done? Not done Stimulus. Not done Healthcare reform. just as simple as that.

America thanks her lucky stars that Scott is not in charge.

TaxPayer

May 4th, 2012
9:22 am

I know! Let’s make a Deal! Using Deal’s approach, we can has us one private sector job for each $150,000 of taxpayer money we fork over to said private company. We can be a nation of 2.8% unemployment in no time!

jconservative

May 4th, 2012
9:22 am

Job creation is continuing a trend downward that started in the 1970’s. A trend that has not been reversed by the last 8 US presidents. It will not change in the foreseeable future. It will not change because we change presidents.

The global economy and technology have taken their toll on US jobs, Nothing changes the fact that 96% of all consumers reside outside the USA. Nothing changes the fact that $6.00 an hour is much cheaper than $23.00 an hour.

Remember all you millions of folks with I-Pads, etc from Apple, every single one was manufactured in China.

One cannot solve real problems by existing in a pretend world.

Brosephus™

May 4th, 2012
9:24 am

jcon

You’ve posted those numbers before on job creation. Where can I go to find them?

Steve

May 4th, 2012
9:24 am

Here’s a thought – let’s stimulate the economy via continuing to rebuild our infrastructure. We will work on the debt later, when the economy is bringing in income for the govt.

Imagine that concept.

Soothsayer

May 4th, 2012
9:24 am

Granny Godzilla - Union Thugette

May 4th, 2012
9:26 am

Just the facts mam

May 4th, 2012
9:21 am
“Yes a long, hard slog, but America and Americans are worth the effort.”

Ultra-nationalist. Sick.

Are you nuts?

barking frog

May 4th, 2012
9:26 am

Nation building USA needs
to happen.

JamVet

May 4th, 2012
9:27 am

Paul, I try hard to believe that these right wingers are not that dumb, but maybe I’m just wrong!

To wit:

Obama has solved the high unemployment “rate” problem. Folks, we have to have “change we can believe in” and that means new leadership in the white house.

I have to wonder, where have these Rip Van Winkles been for the past forty years?

They STILL desperately want to believe that when this country elects a Republican administration, their lives are going to get so much better! In spite of the fact that they have not and that Bush/Cheney JUST orchestrated widespread devastation, not seen in almost a hundred years, in this land.

And worse, rather than learn from their mistakes, the more rabid in the GOP believe that not only is there no need to change a damn thing, that they must become even MORE blindly intransigent and hardcore, and that their non-conservative, neoconservatism is wonderful. Based, of course, on its many successes.

All the while the rest of the industrialized, civilized, democratically elected democracies around the globe just shake their heads and laugh at these fools, who are hopelessly stuck in some long ago era.

Kasim Sulton, of Joan Jett & the Blackhearts, Meatloaf, Utopia/Todd Rundgren fame contributes some sweet bass and vocals on one of the great rock songs of all time…

http://www.youtube.com/watch?v=QwzJNnc0Wk0&feature=share

Paul

May 4th, 2012
9:29 am

Brosephus

“I doubt you will find very few who watch all three of those things. ”

Based on this blog, you think multiple personality disorder isn’t all that common?!!?

Adam

May 4th, 2012
9:29 am

I guarantee the unemployment number will be probably around 6% by election time

Are you saying that the numbers are cooked?

JKL2

May 4th, 2012
9:31 am

taxpayer- we would be bogged down in something more closely resembling the Great Depression and have unemployment rates much like many European countries. If you think 8.1% unemployment is bad then try 25%.

You mean like in all those good socialist utopian countries that obama is trying to transform us into? You know, the good countries.

Brosephus™

May 4th, 2012
9:31 am

Based on this blog, you think multiple personality disorder isn’t all that common?!!?

Based on this blog, I think we’re dealing with multiple reality disorder. It goes way beyond the personality level. :)

Redneck Convert (R--and proud of it)

May 4th, 2012
9:31 am

Well, when Mr. Mormon Underpants gets in office he’ll fire all the guvmint workers and then there’ll be plenty of jobs for people that’s been out of work. And he can get on TV and tell us all how good it felt to fire those lazy bums and bring the jobless rate down. Maybe he’ll even show us his car elevator.

Otherwise I’m hauling and humping to get you ready for swapping weird music tonight. Have a good Friday everybody.

Adam

May 4th, 2012
9:31 am

When the unemployed give up and stop looking for work because the economy is so bad they realize they can’t find work, the rate goes down.

While that may sound true, it is a lie. The unemployment rate across all metrics, including those who stop looking but are able to work, has gone down too. In fact, the rate attributed to folks who are long term unemployed or who stop looking but are able to work has dropped FASTER than the standard U-3 metric that is used as the official rate.

F. Sinkwich

May 4th, 2012
9:32 am

Actually these new numbers are pretty good considering all O’bozo has done to fundamentally transform a prosperity based economic system into a euro-socialistic basket case.

Adam

May 4th, 2012
9:32 am

Based on this blog, I think we’re dealing with multiple reality disorder. It goes way beyond the personality level. :)

:D :lol:

JamVet

May 4th, 2012
9:34 am

500,000 of our brothers and sisters who have given up looking for work

Careful, Right.

You’re starting to sound like a union man! LOL.

You do understand that those no longer looking for work have not been counted in the unemployment rate for a long, long time, right?

In economics, a discouraged worker is a person of legal employment age who is not actively seeking employment or who does not find employment after long-term unemployment. This is usually because an individual has given up looking or has had no success in finding a job, hence the term “discouraged”.

The United States Department of Labor first began tracking discouraged workers in 1967 and found 500,000 at the time. There is an ongoing debate as to whether discouraged workers should be included in the official unemployment rate.

http://en.wikipedia.org/wiki/Discouraged_worker

In other words, your news has not been news for 45 years…

Steve

May 4th, 2012
9:35 am

Why is this intelligent President called “Obozo”? The only clown I remember was our last President that you cons adored, who is now so vilified for his idiocy, globally, that you never see him anymore.

Paul

May 4th, 2012
9:36 am

Mighty Righty

“is painted as a positive trend, ”

Who here – host or blogger – painted the numbers as a positive trend?

JKL2

May 4th, 2012
9:36 am

paul- I’m really quite surprised none of our colleagues on the farfarRight thought to list all those Republican proposals to reverse the Great Recession….

per your request: http://www.gop.gov/policy-news/11/10/27/summary-of-jobs-bills-stalled

mm

May 4th, 2012
9:36 am

“is that the labor force participation rate just dipped to a new 30 year low of 64.3%.”

“yet the participation rate will continue to be at record levels and you will all say he is doing such a great job.”

I guess this is the rightwing mandated talking point of the day.

JamVet

May 4th, 2012
9:38 am

You mean like in all those good socialist utopian countries that the effete, northeastern, liberal, Taxachusetts, proven socialist Willard wants to try to transform us into?

The unemployment rate across all metrics, including those who stop looking but are able to work, has gone down too.

Absolutely correct. Which p*sses off to no end, those Republicans who want the president, the federal government and America to fail…

Paul

May 4th, 2012
9:38 am

Brosephus

Maybe you weren’t a psych major, but you have a pretty good handle on it.

Terrence

May 4th, 2012
9:39 am

A Wall Street Journal analysis of 35 companies based in the United States that employ more than 50,000 people found that they collectively added 446,000 jobs between 2009 and 2011, around three quarters of which were overseas. During that period, 60 percent of their revenue growth came from overseas.

WOO HOO!

chumps

td

May 4th, 2012
9:41 am

Adam

May 4th, 2012
9:31 am

Can you pull out your numbers and explain to all of us why there are 1 million less jobs in our economy today then there was the day Obama took office and how at the same time those numbers you cite keep going down?

Mighty Righty

May 4th, 2012
9:42 am

The dimwitted left keep looking for some new government regulations that will increase employment. When they whine about the absence of Republican solutions they expect Republicans to act like Democrats and put more restraints on business. I have news for you looneys. Republicans believe the government should get the h..l out of the way and let free market capitalism work while the lefty’s prefer to follow the Greece model. European style socialism communism has worked so well in the lefts view we should continue to elect as many socialists to our government as possible so that we too an be like Europe.

0311/8541/5811/1811/1801

May 4th, 2012
9:42 am

“If that pattern holds for April, today’s numbers will also be revised upward. But such revisions won’t be enough to turn a disappointing number into a strong number. This continues to be a long, hard slog.”

“If I don’t have this done in three years, then there’s going to be a ONE-TERM (emphasis added) proposition.” Barack Obama

Paul

May 4th, 2012
9:43 am

JKL2

Did you actually read your own link?

Not regulating pesticides creates more jobs?

Where? In the health care industry?

The rest were the application of the ‘less regs, cut taxes’ mantra.

Again, have you a real world, not theoretical, construct that shows how, as a national policy, this line of action would have reversed the Great Recession?

TaxPayer

May 4th, 2012
9:43 am

You mean like in all those good socialist utopian countries that obama is trying to transform us into? You know, the good countries.

NOPE, JKL2.

This post brought to you by the makers of simple answers, for times when anything more complex would just be a waste of typing.

JKL2

May 4th, 2012
9:43 am

steve- The only clown I remember was our last President that you cons adored, who is now so vilified for his idiocy, globally, that you never see him anymore.

It’s called respect for the position. Should he be out trash talking our country to every third world dictator like Carter and Clinton did when he was president?

Here’s the kind of stuff this great former president does. (note the lack of TV cameras since he isn’t doing it as a photo op like obama does) http://www.foxnews.com/opinion/2012/05/03/my-100-kilometer-mountain-bike-ride-with-president-bush-and-20-wounded-warriors/

http://www.examiner.com/article/former-president-bush-leads-wounded-warriors-on-100k-ride

ByteMe - Political thug

May 4th, 2012
9:43 am

No one posting so far sees it correctly.

The first number the BLS posts for a month is always ALWAYS flawed, because they don’t get back all the data in time. That’s why there are revisions that come in subsequent months. The first number is a GUESS with a bias — the birth/death calculation — toward what happened a year earlier.

The numbers are refined with the revisions. If the revisions are trending upward, it means the BLS is missing new job growth in their initial numbers. If the revisions are trending downward, it means the BLS is overestimating job creation with their initial numbers.

As Jay wrote: the revisions are trending in the positive direction. That’s a good sign that the economy is stronger than the initial look is suggesting.

Your whining may vary, of course.

Steve - USA (I support "None Of The Above")

May 4th, 2012
9:44 am

Nine states lost eligibility for extended benefits in April and five others reduced the duration of emergency compensation

All those people are dropped off the participation rate. Anyone can check the archives and see that I have been the biggest cheerleader for job growth. Until housing comes back we are going to continue to limp along.

td

May 4th, 2012
9:45 am

JamVet

May 4th, 2012
9:38 am

I will ask you the same question as I asked Adam. Can you explain to all of us how we can have 1 million less jobs available today then the day Obama took office and everything is so great? Also, if the economist say that it take 175,000 new jobs per month to just keep up with new immigration and kids entering the workforce, then how is a 119,000 added really reducing unemployment?

USinUK

May 4th, 2012
9:45 am

“Not regulating pesticides creates more jobs?

Where? In the health care industry?”

:lol:

well played, sir!

TaxPayer

May 4th, 2012
9:45 am

Not regulating pesticides creates more jobs?

Where? In the health care industry?

Paul,

I do believe you have uncovered those hidden jobs in the Republican de-regulation mantra.

ByteMe - Political thug

May 4th, 2012
9:46 am

All those people are dropped off the participation rate.

If you haven’t had a job for two years… are you really “participating”?

TaxPayer

May 4th, 2012
9:48 am

It’s called respect for the position.

Coming from JKL2, THAT’s a riot! :lol:

Peadawg

May 4th, 2012
9:48 am

“This post brought to you by the makers of simple answers, for times when anything more complex would just be a waste of typing.”

Yet that add sentence is…wait for it…a waste of typing.

:lol:

Peadawg

May 4th, 2012
9:48 am

Jay

May 4th, 2012
9:48 am

Of course, labor force participation actually peaked in 2000 and has been falling ever since. It’s now roughly at levels last seen during the Reagan administration.

Part of it’s undoubtedly because there are fewer jobs. But part of it also has to be attributed to an aging work force, with the first Baby Boomers starting to turn 60 in 2006.

Steve - USA (I support "None Of The Above")

May 4th, 2012
9:49 am

“If you haven’t had a job for two years… are you really “participating”?

According to the formula….Yes.

JKL2

May 4th, 2012
9:49 am

paul- have you a real world, not theoretical, construct that shows how, as a national policy, this line of action would have reversed the Great Recession?

Here’s what I would like to see: http://www.lewrockwell.com/woods/woods125.html

GT

May 4th, 2012
9:50 am

We expected this last month, but the warm weather prematurely opened up the economy, just like the flowers. So historical climate change has effected the expectations of our economy. So far thank God we are not in London double dipping, not to say we won’t.

I would love to see China’s numbers. If the rich are getting richer, the trickle down is happening somewhere and my bet it is happening in China and Central America. In order for Americans to compete they will have to be impoverished. Move the government safety nets away and that is what you will get, cheap labor, or a riot. You can’t have a turkey in every pot when the rich keep a dozen for themselves and send their laundry to China for cleaning.

Oblama

May 4th, 2012
9:50 am

$7,000,000,000,000 (seven trillion) flooded in to the market by the Fed and this is all we get? People have given up and quit looking for work and wait on Oblama’s check in the mail. This president’s economic policies are a failure. Time for a change. Time for the 1st “Reality Show” President to get fired.

Brosephus™

May 4th, 2012
9:51 am

http://www.gop.gov/policy-news/11/10/27/summary-of-jobs-bills-stalled

1) H.R. 872—Reducing Regulatory Burdens Act: …By removing duplicative requirements, the bill would reduce overlapping and unnecessary regulation on pesticides that are already regulated, thereby reducing costs to both farmers and small business owners.

2) H.R. 910—Energy Tax Prevention Act of 2011: …The bill would prevent a needless increase in energy prices for American households and businesses.

3) H.J.Res. 37—Disapproving the rule submitted by the Federal Communications Commission with respect to regulating the Internet and broadband industry practices: … In May 2010, seventy-four House Democrats sent a letter to FCC Chairman Genachowski making the case that net-neutrality rules will “jeopardize jobs” and “should not be done without additional direction from Congress.”

4) H.R. 1230—Restarting American Offshore Leasing Now Act: …The bill would help to reduce energy prices and promote job creation by expediting offshore oil and natural gas exploration in the Gulf of Mexico and the Virginia coast.

5) H.R. 1229—Putting the Gulf of Mexico Back to Work Act: …The bill would prohibit the Secretary from issuing a permit without ensuring that the proposed drilling operations meet all critical safety system requirements (including blowout prevention), and oil spill response and containment requirements.

6) H.R. 1231—Reversing President Obama’s Offshore Moratorium Act: …The bill would essentially lift the President’s ban on new offshore drilling by requiring the Administration to move forward on American energy production in areas estimated to contain the most oil and natural gas resources.

7) H.R. 2021—The Jobs and Energy Permitting Act of 2011: H.R. 2021 would eliminate needless permitting delays that have stalled important energy production opportunities off the coast of Alaska.

8) H.R. 2018—Clean Water Cooperative Federalism Act of 2011: …The bill would prevent unilateral actions by the EPA that second-guess the decisions of the state regulatory agency.

9) H.R. 1315—Consumer Financial Protection & Soundness Improvement Act: H.R. 1315 would improve consumer protection and provides greater economic stability by allowing the Financial Stability Oversight Council to vote to set aside any harmful federal regulation.

10) H.R. 1938— North American-Made Energy Security Act: …The bill would promote job creation and energy security by ending the needless delay of the construction and operation of the Keystone XL pipeline.

11) H.R. 2587—Protecting Jobs From Government Interference Act: H.R. 2587 would prohibit the National Labor Relations Board (NRLB) from ordering any employer to close, relocate, or transfer employment under any circumstance.

12) H.R. 2401—Transparency In Regulatory Analysis Of Impacts On The Nation: …Specifically, the bill would require the President to establish the Committee for the Cumulative Analysis of Regulations that Impact Energy and Manufacturing. The Committee would be charged with analyzing and reporting on the cumulative and incremental impacts of covered rules and actions of the EPA concerning air, waste, water, and climate change.

13) H.R. 2681—Cement Sector Regulatory Relief Act: H.R. 2681 would provide a legislative stay of three EPA emissions standards that apply to cement manufacturing plants and are known as the “Cement MACT rules.” The bill would also provide for the implementation of effective regulation that protects communities both environmentally and economically.

14) H.R. 2250—EPA Regulatory Relief Act: H.R. 2250 would provide a legislative stay of four interrelated EPA rules, commonly referred to as the “Boiler MACT rules,” that govern emissions of mercury and other hazardous air pollutants from approximately 200,000 boilers and incinerators nationwide.

15) H.R. 2273—Coal Residuals Reuse and Management Act: …The bill would include enforceable federal standards, but would leave regulation and enforcement to the states. The bill would also provide consistent, safe management of coal combustion residuals in a way that protects jobs and encourages recycling and beneficial use.

Out of all those “job” bills put forth by the GOP, only two directly refers to jobs in their description, and many of them are simply methods to repeal regulation. One other one creates government jobs by having the president create some kind of committee that I seriously doubt that any average American would be able to apply for and serve on.

JamVet

May 4th, 2012
9:52 am

The dimwitted RIGHT keeps blaming the government because the private sector keeps increasing unemployment in this country.

They wanted Ronnie and George’s trickle down so bad. And now that they have it, they can’t figure out whether to ___ or go blind…

jconservative

May 4th, 2012
9:52 am

Brosephus™
“jcon
You’ve posted those numbers before on job creation. Where can I go to find them?”

Bureau of Labor Statistics

Here they are:

Net Job Creation by Decade

1960’s…..31%
1970’s…..27%
1980’s…..20%
1990’s…..20%
2000’s…….0%

Mighty Righty

May 4th, 2012
9:53 am

Jamvet-I don’t want American to fail. I don’t want Obama to fail. I do want socialism/communism to fail in America. Unfortunately it is apparent that Obama’s defeat is neccessary to defeat the socialist/communist movement in this country. Thus far, Obama’s policies has proven that socialism/communism does not work except for roughly 47% who are wards of the state. Hopefully, there are enough voters in the producer class to put this country back on the road to freedom.

Gator Joe

May 4th, 2012
9:53 am

Romney has stated he would do the opposite of what President Obama has done with regrard to the economy. So since we are talking in hypothetical terms, as Romney is, then the results of his “opposite” approach would be higher unemployment, no growth, and oh yes, a bankrupt, or out-of-business Chrysler and GM.

Brosephus™

May 4th, 2012
9:53 am

Paul

I’ve been debating on whether or not to pursue a psych degree. I could put it to good use in my current career.

ByteMe - Political thug

May 4th, 2012
9:53 am

I love how some people complain about people giving up and not working in one breath and in the other complain about how those same people don’t pay taxes. So which is: are you sad for them or angry at them?

JamVet

May 4th, 2012
9:53 am

Should he be out trash talking our country to every third world dictator like Carter and Clinton did

Liar.

Jay

May 4th, 2012
9:53 am

Housing ain’t coming back, Steve. That was a bubble, an unsustainable and in some ways fraudulent burst of activity.

It’s gone.

Peadawg

May 4th, 2012
9:53 am

“Part of it’s undoubtedly because there are fewer jobs.”

B/c of all those ATMs and airport kiosks, right Jay? :lol: Damn that technology!

I just couldn’t help myself.

0311/8541/5811/1811/1801

May 4th, 2012
9:55 am

Remember “No New Taxes” ??

……………. and I say again:

“If that pattern holds for April, today’s numbers will also be revised upward. But such revisions won’t be enough to turn a disappointing number into a strong number. This continues to be a long, hard slog.”

“If I don’t have this done in three years, then there’s going to be a ONE-TERM (emphasis added) proposition.” Barack Obama

Oblama

May 4th, 2012
9:55 am

Oblama says he is for human rights but turns his back on a Chinese hero risking his life fighting for freedom. Talk is cheap Mr.President.

ByteMe - Political thug

May 4th, 2012
9:55 am

Housing ain’t coming back, Steve. That was a bubble, an unsustainable and in some ways fraudulent burst of activity.

So those complaining about the numbers since the housing market collapsed should try to grasp that the job growth is now in areas that are NOT in a bubble that will burst and that comparisons to 2004-2007 are not defensible.

ByteMe - Political thug

May 4th, 2012
9:56 am

“If I don’t have this done in three years, then there’s going to be a ONE-TERM (emphasis added) proposition.” Barack Obama*

Unless the Republicans run yet another weak candidate against me, in which case, I’ll do a victory lap instead of campaigning.

Don't Tread

May 4th, 2012
9:57 am

“The numbers would be much better if the a##holes who run this country would stop being terrified of spending money that can be borrowed for next to nothing”

Really…? So business should spend anyway and borrow the money to cover it (and if they don’t, they’re a##holes)? This is EXACTLY the wrong way to run a business, and EXACTLY why many (but not all) of them went under when the recession started.

Call me old school, but in an established business, you do not borrow money to cover payroll or other minor expenses that should be paid for with cash flow. Borrowing is for major capital improvements or expansions, and only as a last resort.

Back to topic: we only added 115,000 jobs but the unemployment rate went down? Guess there must be a lot of retiring people and folks who have given up on finding a job. I wonder what the welfare enrollment did last month…I’m guessing it went up.

Steve

May 4th, 2012
9:57 am

Unbelievable…

Let’s vote in the Mittens so we can cut taxes on the wealthy and reverse the progress we’ve made thus far.

ByteMe - Political thug

May 4th, 2012
9:57 am

Talk is cheap Mr.President.

So are you. Are you ready to blockade China over it and cause your iPhone price to double? If not, STFU.

td

May 4th, 2012
9:58 am

Brosephus™

May 4th, 2012
9:51 am

Do you not think that if a company spends less money on adhering to more regulation then they may have the money to hire more people?

JamVet

May 4th, 2012
9:59 am

I will ask you the same question as I asked Adam. Can you explain to all of us how we can have 1 million less jobs available today then the day Obama took office…

No.

First I am no economist or expert on these matters.

Seconly, you provide NO links to even confirm that what you post is not garbage. And frankly, your history of being veracity challenged is in play here.

Show me some concrete evidence of what you claim s being factual and not just made up talking points, and I will look at it

Though I do believe that part of the problem has been how your spineless heroes in Washington rewarded American businesses – via the tax code – to send jobs overseas. I would guess that that has something to do with unemployment in this country.

But I understand that that is something you Republicans desperately don’t want to know or talk about…

ByteMe - Political thug

May 4th, 2012
10:00 am

Do you not think that if a company spends less money on adhering to more regulation then they may have the money to hire more people?

But if a regulation creates a job in another industry (e.g., people who add scrubbers to coal power plants), isn’t that hiring more people anyway?

nomoobama

May 4th, 2012
10:00 am

If you need a job or want a better one, you have no business voting for Obama. Where are the shovel ready jobs he constantly boasts about? He has no idea how to create private sector jobs…

0311/8541/5811/1811/1801

May 4th, 2012
10:01 am

ByteMe – Political thug :

What he meant was that he wouldn’t run again.

Flip-Flop !

Oblama

May 4th, 2012
10:01 am

There is plenty of blame for both sides but strangely they blame each other and accept no blame……….. that’s why they are POLITICIANS. time for TERM LIMITS.

TaxPayer

May 4th, 2012
10:02 am

Poor scout did not get the word. Unemployment is down to 8.1%. Only 0.1% to go to get to that magic 8% that I’m sure you are referencing in your posts when you claim Obama said he’d get it done…
:roll:

JamVet

May 4th, 2012
10:02 am

I do want socialism/communism to fail in America.

You adored George W. Bush – the greatest socialist in American history. And voted for him twice

And now, you fake conservatives are getting ready to nominate a proven socialist. The very author of socialized medicine.

And you commies act like that is not even relevant.

Brosephus™

May 4th, 2012
10:02 am

jcon

Thanks. I tried to find them on the BLS website, but I guess I wasn’t putting in the correct search term.

ByteMe - Political thug

May 4th, 2012
10:03 am

Seconly, you provide NO links to even confirm that what you post is not garbage. And frankly, your history of being veracity challenged is in play here.

I can state from the BLS tables that employment in Feb 2009 was 110 million… and employment today is (wait for it…) 111 million. The bottom was Feb 2010 at 106 million.

Whoops! Blew that talking point out of the water.

http://bls.gov/ce

0311/8541/5811/1811/1801

May 4th, 2012
10:04 am

TaxPayer:

Check your calendar. We’re past three years.

ByteMe - Political thug

May 4th, 2012
10:04 am

What he meant was that he wouldn’t run again.

If that’s what you think he meant, then you need to check your comprehension skills. ‘Cause that ain’t what he said OR what he meant.

Paul

May 4th, 2012
10:04 am

Brosephus

You may very well be eligible for some employer support on the degree. You may want to see if you can combine with courses you already have and pursue a masters degree. That could be a pathway to promotion.

Jefferson

May 4th, 2012
10:05 am

Working is highly overrated.

0311/8541/5811/1811/1801

May 4th, 2012
10:05 am

TaxPayer:

Plus the Obama Administration has devised a new way to calculate that figure (unlike previous administrations) which gives them a better rate.

Deception !!

UNCLE SAMANTHA

May 4th, 2012
10:06 am

and the GREAT RECOVERY or LOST DECADE continues???????

Brosephus™

May 4th, 2012
10:06 am

Do you not think that if a company spends less money on adhering to more regulation then they may have the money to hire more people?

It’s not about what I think. It’s about what they do. When they have more money, have they hired more people in recent history? No. When they have had more money, have they increased the pay of the workers they currently have on payroll? Not very much. When they get more money, it’s headed to management or stockholders if past trends hold up. Just having more money isn’t going to get someone hired. There has to be excess demand for that product before a company hires someone else. It has nothing to do with money or regulations.

JamVet

May 4th, 2012
10:06 am

$7,000,000,000,000 (seven trillion) flooded in to the market by the Fed and this is all we get?

Who knows, Oblama? My very limited understanding is that is somewhat stemmed the hemorrhaging of jobs caused by the 2008 corporate destruction of capitalism.

And if that is true, just think how much worse and how much longer Bush’s Great Recession would have gone on had the Do Nothing Party been in charge?

We’d probably have 15% unemployment right now…

Mighty Righty

May 4th, 2012
10:06 am

Under the dysfuntional Obama povertynomics progrsm we have not trickle down but gusher down poverty. The highest poverty rate in the history of the United States. The most food stamp receipients in the history of the United States. The highest sustained gasoline prices in the history of the United States. The most home foreclosures in the history of the United States. The highest unemployment rate since statistics have been recorded. The largest deficits in the history of the United States. The first president in history to have no votes by his own party on his budget. Never has there been a more inept president. Barack “Gusher Down Poverty” Obama. But he did get bin Laden, alledgedly.

ByteMe - Political thug

May 4th, 2012
10:07 am

Plus the Obama Administration has devised a new way to calculate that figure (unlike previous administrations) which gives them a better rate.

Really?

Care to explain how it used to be calculated before, and how it’s calculated now and how that change was “deceptive”? Or are you just randomly spewing bullet points you got in your inbox?

0311/8541/5811/1811/1801

May 4th, 2012
10:07 am

ByteMe – Political thug:

Sorry ………. you saying that don’t make it so …………….. :o

Everyone be nice !

ByteMe - Political thug

May 4th, 2012
10:08 am

Sorry ………. you saying that don’t make it so ……………..

You too! :) I’ve already figured out you’re just spewing mindless talking points today. YOU CAN DO BETTER.

Recon 0311 2533

May 4th, 2012
10:08 am

Not to mention those who’ve given up looking for jobs and that makes the unemployment percentage inaccurate.

Steve

May 4th, 2012
10:08 am

Mighty Righty – this was caused by Obama? LMAO!! What is WRONG with you conservatives? Do you really think the rest of us are that stupid? Come on…

Oblama

May 4th, 2012
10:08 am

I didn’t say thing anything about a blockade against China you arrogant fool. I just wouldn’t hand over a Chinese hero back to the communists like the Dems just did. Kind of reminds me of the time the young kid was sent back to Castro when he could have been kept here without repercussion. Dems speak big about “human rights” but cower to the communists and dictators they admire.

Doggone/GA

May 4th, 2012
10:08 am

“Do you not think that if a company spends less money on adhering to more regulation then they may have the money to hire more people?”

Do you not think that if more people are buying a company’s products that they may have the money to hire more people regardless of the regulatory situation?

larry

May 4th, 2012
10:08 am

Do you not think that if a company spends less money on adhering to more regulation then they may have the money to hire more people?

No. They would just give it to the CEO , just like they have been for the last 30 years.

Besides, most of those reglulations go to protect our water and air from pollutants and poisonous materials.

Brosephus™

May 4th, 2012
10:09 am

Paul

I’ve been looking at the masters versus undergrad options. I don’t want to potentially miss important courses by going the masters route if it will better enhance my understanding to do undergrad courses too. The biggest obstacle though is finding a good school with online offerings. The job doesn’t leave much time for in-class type schooling.

0311/8541/5811/1811/1801

May 4th, 2012
10:10 am

ByteMe:

“If you add these 2.8 million discouraged workers, who are victims of Obama’s failed economic policies, the real unemployment rate is a whopping 9.9 percent instead of the 8.3 percent the administration announced Friday.”

http://townhall.com/columnists/donaldlambro/2012/02/08/obamas_true_unemployment_rate_is_really_99_percent/page/full/

“Obama’s made-up jobless numbers”

http://www.washingtontimes.com/news/2012/feb/5/curl-obamas-made-up-jobless-numbers/?page=all

ByteMe - Political thug

May 4th, 2012
10:10 am

I just wouldn’t hand over a Chinese hero back to the communists like the Dems just did

And you know he’s a “hero” how? If he’s such a hero, why aren’t the Chinese on the streets clamoring for him?

You’re being sold a bill of neo-con goods. Our foreign policy is about business and war (also a business), not about individuals.

Mighty Righty

May 4th, 2012
10:11 am

Jamvet

“We’d probably have 15% unemployment right now…”

Here is a news flash. We do have 15% unemployment, actually more than 15 percent caused by the Obama Gusher Down Poverty program.

ragnar danneskjold

May 4th, 2012
10:11 am

Month to month blips are not terribly meaningful. I am distressed that the total number of jobs remains below that total on Jan 2009. When you spend a trillion dollars you don’t have, on shovel-ready jobs that aren’t, leaving the next generations to pay the bills, maybe you ought not expect a happy outcome.

ByteMe - Political thug

May 4th, 2012
10:11 am

“If you add these 2.8 million discouraged workers, who are victims of Obama’s failed economic policies, the real unemployment rate is a whopping 9.9 percent instead of the 8.3 percent the administration announced Friday

Again, how did the calculation change from before? Did the calculation before include these “discouraged workers”? And how is it deceptive?

You’re just parroting talking points, not investigating to see if they’re really true.

JamVet

May 4th, 2012
10:11 am

“Not to mention those who’ve given up looking for jobs and that makes the unemployment percentage inaccurate.”

JamVet
May 4th, 2012
9:34 am

You do understand that those no longer looking for work have not been counted in the unemployment rate for a long, long time, right?

In economics, a discouraged worker is a person of legal employment age who is not actively seeking employment or who does not find employment after long-term unemployment. This is usually because an individual has given up looking or has had no success in finding a job, hence the term “discouraged”.

The United States Department of Labor first began tracking discouraged workers in 1967 and found 500,000 at the time. There is an ongoing debate as to whether discouraged workers should be included in the official unemployment rate.

http://en.wikipedia.org/wiki/Discouraged_worker

In other words, your news has not been news for 45 years…

ByteMe - Political thug

May 4th, 2012
10:12 am

I am distressed that the total number of jobs remains below that total on Jan 2009

NOT TRUE.

See above.

We’re 1 million above Feb 2009.

JamVet

May 4th, 2012
10:12 am

“We do have 15% unemployment”

Please show your work.

Otherwise you get another F.

Atlantan

May 4th, 2012
10:13 am

Obama’s economy….

JamVet

May 4th, 2012
10:13 am

td, any luck on finding that data yet?

Brosephus™

May 4th, 2012
10:13 am

“If you add these 2.8 million discouraged workers, who are victims of Obama’s failed economic policies,

What failed economic policies? Obama hasn’t gotten anything economically passed since the stimulus. If anything, it’s due to the failure of congress to supply any economic policy at all. But, go ahead and blame Obama anyway if it helps you sleep at night….

Jay

May 4th, 2012
10:13 am

Do you not think that if a company spends less money on adhering to more regulation then they may have the money to hire more people?

First of all, no.

Companies aren’t hiring because they don’t have enough customers to buy additional goods and services. Why make things that you cannot sell?

Your version of events suggests that lack of capital is the problem holding back the economy. That’s not even close to being true, not in an era of record corporate profits and record low interest rates.

Finally, the ABSENCE of regulations — and the absence of enforcement — explains a lot about how we got into this mess. Stopping for red lights is a regulation. Selling non-contaminated food is a regulation. Not polluting a river — thus keeping it available for fishing, swimming and drinking water — is a regulation. WIthout those regulations the economy would be a lot worse off.

ByteMe - Political thug

May 4th, 2012
10:14 am

td, any luck on finding that data yet?

I’m guessing he ran away and hid. Facts to fools are like sunshine to vampires.

Steve

May 4th, 2012
10:14 am

If we have 15% unemployment now, what did we have at the end of two Republican GWB terms? 35%?

Jack

May 4th, 2012
10:15 am

I know what’ll fix the American economy: sell houses to those standing in line for hand-outs. Just like in the movies; everybody will live happily ever after.

kayaker 71

May 4th, 2012
10:15 am

Reported 8.1% unemployment…… a contrived number made up by a bunch of desperate politicians swimming against the tide. 12.5 M people still out of work. Economic growth was supposed to be, according to Bozo, at about 4% at this time of this first term. It is at 1.6% and getting lower. Something is not working, libs. A “long, hard slog”? Boy, that’s a joke.

UNCLE SAMANTHA

May 4th, 2012
10:15 am

Paul

May 4th, 2012
10:16 am

Mighty Righty

“Under the dysfuntional Obama povertynomics progrsm we have not trickle down but gusher down poverty.”

Under whose watch was the recession begun, and under whose watch was the bulk of the time spent to end the recession?

It’s really a simple question. You can answer it in two words. Four if you want to include titles.

Curious

May 4th, 2012
10:17 am

For those that have given up finding employment; Good Riddance!

They must be slugs if they can’t find a job. They would only be a drain on productivity.

Oblama

May 4th, 2012
10:17 am

JV – I know what you are saying. However I don’t blame this disaster of an economy on one side like you appear to? This disaster was DECADES in the making. Anyone that keeps voting these failed policies back in to office (Nancy Pelosi, etc.) should accept the blame. Bush and Oblama are just a continuation and an escalation of this disaster. Oblama has NO reasonable plan to reverse this disaster. Both sides accept corporate campaign money for favors. Past TIME for a CHANGE. Term Limits.

USinUK

May 4th, 2012
10:18 am

“I do want socialism/communism to fail in America.”

:lol:

the socialism myth is such a load of BS that, now, you’re doubling down and saying that COMMUNISM is running amok in the US???

wow.

there are a LOT of people that have no blue bloody idea what those terms actually mean

ByteMe - Political thug

May 4th, 2012
10:18 am

They must be slugs if they can’t find a job. They would only be a drain on productivity

You forgot to mention you want to tax them as well, the deadbeats….

UNCLE SAMANTHA

May 4th, 2012
10:18 am

jay

you are correct about consumer demand…….. we built an economy that had a majority dependency on consumer demand……… without it we sink and stagnate

until the banks are cleaned up or cleaned out…….. and the foreclosures are processed………… consumer demand will not pick up

Recon 0311 2533

May 4th, 2012
10:19 am

You can call someone who no longer seeks employment anything you wish but that doesn’t change the fact that a reported 8.1% unemployment rate is inaccurate when the economy isn’t creating a sufficient number of jobs. Bottom line Obamanomics isn’t working.

USinUK

May 4th, 2012
10:19 am

“a contrived number made up by a bunch of desperate politicians swimming against the tide”

the BLS is staffed with politicians???

who knew.

Steve Atl

May 4th, 2012
10:20 am

Jay – I think there is a technical error with your blog…somehow the chart and verbage about the workforce declining by 522,000 was cut off and thus did not portray your usual fair and balanced point of view.

Better call IT and see what happened…darn ‘puters!!

blahblahblah

May 4th, 2012
10:20 am

BubbleBoy Ben B. will be here in no time with his sack of cheap money. Throw another couple trillion on the pile in the name of “growth”.

ByteMe - Political thug

May 4th, 2012
10:20 am

Bottom line Obamanomics isn’t working.

Translation: I got nothing but emotionalism and contempt.

Jym Allyn

May 4th, 2012
10:20 am

You also forgot to mention that 1932 Republican policies resulted in a 20% unemployment rate.

Thank God that some things change and hopefully we can learn from experience.

Mark in mid-town

May 4th, 2012
10:21 am

Jay Bookman writes: “Part of it’s undoubtedly because there are fewer jobs. But part of it also has to be attributed to an aging work force, with the first Baby Boomers starting to turn 60 in 2006.”

Jay, what you wrote above was the real reason so was so little net job growth under Bush relative to Clinton, even though the unemployment rate averaged a tad more than 5% of Bush’s 8 years. Under Bush, up until the end, the economy was doing well and increased numbers of people in their 50s were able to decide they could afford to retire. But that was never explained by our illustrious msm. Rather, the msm tried to portray the economy under Bush as being in a constant recession, even though unemployment rate was pretty good by any historic measure.

What you have under Obama is a work force participation rate that is only partially dropping due to increased share of people being old, rather you have an incredible drop in the work force participation rate among young people. That’s disastrous for our future, and it should be pointed out.

Jay

May 4th, 2012
10:21 am

We have a million more private-sector jobs today than we did in February 2009, when Obama signed the stimulus bill.

ByteMe - Political thug

May 4th, 2012
10:21 am

the BLS is staffed with politicians???

In Rightwingnutistan, statisticians are “math politicians”.

Mighty Righty

May 4th, 2012
10:21 am

Paul,
After three years this is Obama’s economy. No amount of distortion will change that. Obama, you and every other liberal media outlet have been saying for more than a year that the recessison is over. Really! The economic numbers this year show a worsening economy. Who is in charge now?

TaxPayer

May 4th, 2012
10:21 am

Scout,

Check your logic. We don’t hold elections every three years.

Jefferson

May 4th, 2012
10:21 am

This issue won’t go away just because there is an election. Last time the GOP ran things it went south, why does anyone think they won’t turn it around again ? Huh ? Why ? They have proven they can do it, you know crash everything. What have they changed ? Nothing.

JamVet

May 4th, 2012
10:21 am

Jay states an obvious point. At least to anyone who regards these matters in terms of verifiable facts and not ideological slogans.

The Middle Class has been devastated in this country. Forty years of flat-lined wages have caused millions to now be among the working poor.

In 1992 we averaged about 60% of our income in debt. By 2005, it had risen to over 130%. People way over leveraged themselves to either pay for necessities or live extravagantly.

Either way, the pull back in consumption has been gargantuan.

More simply put, as Jay noted, “Companies aren’t hiring because they don’t have enough customers to buy additional goods and services.”

50% of the people in this country earn less than $33,000 per year.

And until Americans, in huge numbers again, start earning more than minimal incomes, things are only going to feed on themselves and not improve.

But hey! The 1% are not worried!

USinUK

May 4th, 2012
10:22 am

“a reported 8.1% unemployment rate is inaccurate when the economy isn’t creating a sufficient number of jobs”

it’s the same methodology that’s been used for 3 decades.

Oblama

May 4th, 2012
10:22 am

Our foreign policy is about business and war not about individuals? Precisely why Oblama needs to go. The Chinese freedom fighters world wide say he’s a hero. They know more than you PRESUME to know. You are so ARROGANT.

GT

May 4th, 2012
10:22 am

It could and can get worse. Off shore accounting is only a small part of the problem. Jobs are going off shore too, been for years. In South Carolina they opened up multi numbers of federal prisons, to off set the textile industry evaluating the state and country. Now mama and daddy are prison guards or in prison both take them off unemployment and both are non productive economically. South Carolina is Strom Thurman’s state or was in those days. One of these prisons was in Edgefield, Thurman’s home town and family property was sold for it. Prisons drain the economy but hide the failure of the administration in charge by looking like there is employment. Republicans are good at this cooking the books. Read the budget and you would think defense spending is about the same, when huge amounts of it are dealed off to another category like interest carry.

Small business is the thing that is going to save America. We have got to get the the money out of the hands of these hoarders and into the hands of people in this country who need jobs. Sure we pay a little more but we don’t pay 4 dollar a gallon gas either as China drinks it up to meet the demands of robber barons from America sending the jobs to China. We need to stop protecting the intellectual property, many times stolen anyway, for companies who take their profits out of the country, let a small regional business make ipads and outdoor cookers. We need to stop bailout and protecting large banks who in turn support these companies that are no more than modern day plantations. Hunger built this country and it can rebuild it if given the chance. Let a Fidelity National Bank be Bank of America and if that bank fails let the next guy come to bat. Stop rewarding failure that once rewarded takes jobs out of this country. The 1930s depression was a very good economic plan, it corrected all that was wrong, just hurt like hell. 90 percent of the country is hurting anyway.

You harp about saving Detroit, the very saving of this is symbolic of what we need. Those jobs are here now, not in Korea. Most of this saving is going to the untaxed rich not the American people anyway, that money may never return to the US. And we worried about Communism, what did Communism do to us our own greed has not done in spades.

Mighty Righty

May 4th, 2012
10:23 am

If the BLS numbers are BS as many of us suspect, then the Republicans should prosecute them to the fullest extent of he law.

Doggone/GA

May 4th, 2012
10:23 am

” contrived number made up”

Got proof of that?

JamVet

May 4th, 2012
10:23 am

kayaker 71
May 4th, 2012
10:15 am

Reported 8.1% unemployment…… a contrived number made up

Please show your work to prove otherwise.

TaxPayer

May 4th, 2012
10:24 am

WIthout those regulations the economy would be a lot worse off.

Actually BP and the Koch crooks, et al, would be better off and I think that must be the point that the Republicans are trying to make with the de-regulation argument.

UNCLE SAMANTHA

May 4th, 2012
10:24 am

jamvet

you are right!
the 1% are not worried
they are dropping $50k per plate at Obama Fundraisers

UNCLE SAMANTHA

May 4th, 2012
10:25 am

JamVet

May 4th, 2012
10:25 am

Good job, Doggone!

(Of course, he doesn’t. He almost never does.)

Recon 0311 2533

May 4th, 2012
10:25 am

“I got nothing but emotionalism and contempt.”

You certainly have and you can add to those delusional thinking.

ByteMe - Political thug

May 4th, 2012
10:26 am

Precisely why Oblama needs to go. The Chinese freedom fighters world wide say he’s a hero. They know more than you PRESUME to know. You are so ARROGANT.

I’m arrogant, but you’re the one who’s sure you’re right about this. I know this, though: foreign policy for a country should NEVER be about one individual. That’s just stupid policy. Foreign policy is about two countries doing things together for maximum advantage for your own side.

So let’s go down your road for a moment: WHAT EXACTLY do you want the government to do for this one Chinese individual and what are you willing to give up — that the Chinese want — to see that happen?

TaxPayer

May 4th, 2012
10:26 am

The calculation of “contrived numbers” under the Obama administration are more accurate than they were under Bush. Take the off-budget funding of the Iraq war as a case in point.

paulo 977

May 4th, 2012
10:26 am

USinUK

It may not be robust growth … but it is growth – and that’s what matters
_________________________________________________

Of course ….. this was going to be a long hard climb BUT it is climbing!!

Adam

May 4th, 2012
10:26 am

td: Can you pull out your numbers and explain to all of us why there are 1 million less jobs in our economy today then there was the day Obama took office and how at the same time those numbers you cite keep going down?

Sure. Here’s the data presented in terms you can understand:
Baseline, number of total jobs on January 2009: 133,561,000
Total Change as of January 2010: -4,282,000
Total Change as of January 2011: -3,105,000
Total Change as of January 2012: -1,100,000
Total change as of April 2012: -572,000

Notice a pattern yet?

Steve

May 4th, 2012
10:27 am

I hate Obama (Obozo, Oblama, Bozo) the Muslim from Kenya who wasn’t born here SOOOOOOOOOOOOOOOOOOOOOOOOO much!

(and George W Bush was an awesome, intelligent man)

kayaker 71

May 4th, 2012
10:27 am

Bookman 10:21,

“We have a million more jobs today than when the Stimulus was signed in 2009″. That’s not nearly enough to make the numbers go down. We need 185K jobs/month just to stay even. It’s been about 42mos since Bozo took office. At rate, we would have needed about 7.7 million jobs just to keep us in the status quo. A million is pocket change.

Joseph

May 4th, 2012
10:27 am

A long hard slog made harder by a failed president along with a failed dem run Senate…..

Jefferson

May 4th, 2012
10:27 am

The GOP record, just run on that. Get President Bush to work with Romney and talk about their record.

JamVet

May 4th, 2012
10:27 am

UNCLE, I don’t understand the point you are trying to make.

Please expound.

ByteMe - Political thug

May 4th, 2012
10:27 am

the 1% are not worried
they are dropping $50k per plate at Obama Fundraisers

Damn socialists….

Adam

May 4th, 2012
10:29 am

If the BLS numbers are BS as many of us suspect, then the Republicans should prosecute them to the fullest extent of he law.

Call Congressman Issa.

ByteMe - Political thug

May 4th, 2012
10:29 am

We need 185K jobs/month just to stay even.

*WHISTLE* Moving the goalposts. 5 yard penalty. Repeat the down.

Steve

May 4th, 2012
10:29 am

I love how the whining and the squirming and gnashing of teeth is accelerating as clearly, Romney is going to lose to Obama in 2012, and you guys know it.

Carry on…

JamVet

May 4th, 2012
10:29 am

they are dropping $50k per plate at Obama Fundraisers

UNCLE,

The fat cats have always helped out their fellow fat cats.

This is newsworthy, how?

Jay

May 4th, 2012
10:29 am

If the BLS numbers are BS as many of us suspect, then the Republicans should prosecute them to the fullest extent of he law.

Agreed. And if you have NO evidence of such manipulation, you ought to stop acting foolish by pretending otherwise.

Steve Atl

May 4th, 2012
10:29 am

The democrats give us 8.1% and the Republicans are pushing 15.1%. I whipped up a quick algorithm that takes the midpoint of the party bias and calculated 11.6% UNEMPLOYMENT rate.

Quite simple…but probably the most accurate number out there.

TaxPayer

May 4th, 2012
10:30 am

Talking of contrived numbers, those Republican calculations of jobs “created” by that Keystone pipeline project went from tens of thousands to hundreds. Just imagine giving the Republicans a truly complicated math problem. They’d probably conclude that the earth is in the midst of a global cooling as a result of all the increased temperatures reported and all the ice melting.

getalife

May 4th, 2012
10:31 am

The global economy is slowing again.

Not good..

JamVet

May 4th, 2012
10:31 am

A long hard slog made harder by a failed president along with a failed dem run Senate…..

Says the reality averse guy who wrote, “And I mean never heard President Bush openly criticize democrats while in office. Not even Dick Cheney did that.”

UNCLE SAMANTHA

May 4th, 2012
10:32 am

JamVet

May 4th, 2012
10:27 am
UNCLE, I don’t understand the point you are trying to make.

Please expound.

THE 1% IS BOTH PARTIES
they fool you in this PLUTOCRACY to think that THE OTHER SIDE is the evil ones
Obama is the 1% and represents the 1% just like Romney, Kerry, Gore, Bush, Clinton etc…..

Recon 0311 2533

May 4th, 2012
10:32 am

“The unemployment rate dropped to 8.1 percent.”

example given of inaccuracy

Steve

May 4th, 2012
10:32 am

paulo 977

May 4th, 2012
10:32 am

USinUK

and the fact that people with pre-existing conditions can get health insurance

_____________________________________________

AND have their kids on their insurance till they are 26 …. sigh of relief for my grandson still in college

Adam

May 4th, 2012
10:33 am

0311/8541/5811/1811/1801 @ 10:10a: As I Have REPEATEDLY pointed out, the “real unemployment number” thing you keep bringing up is an attempt to reframe things and make people think things are getting worse, when in fact each and every BLS number is trending downward. For example, that 9.9% figure? Pulled DIRECTLY from BLS (it’s metric U-5, in case you were wondering). If you’re going to use U-5, fine,. Let’s use it.

What was U-5 in January 2010? 11.2%
January 2011? 10.7%
January 2012 (or the time you mentioned)? 9.9%
April 2012? 9.5%

Notice a pattern yet??

They BOTH suck

May 4th, 2012
10:33 am

“Call Congressman Issa.”

Exactly…….. All these “fake” numbers that many want so bad to believe and some of their fav pundits feeding them talking points to instill that belief and no one is wondering why the Republicans in the Senate and House are not calling for hearings to call out the Administration……….

While the economy has a ways to go……… They numbers are what the are……….. period

Steve Atl

May 4th, 2012
10:33 am

Jay – If it were George Bush reporting the drop in unemployment…you would be trying to explain it away.

Stop acting all high and mighty.

Adam

May 4th, 2012
10:34 am

Here is a news flash. We do have 15% unemployment, actually more than 15 percent caused by the Obama Gusher Down Poverty program.

Actually, it’s 14.5%, down from 15.1% in January, 16.1% in January 2011, and 16.7% in January 2010.

NOOOO!!! FACTS!!!! (hisssss)

ByteMe - Political thug

May 4th, 2012
10:34 am

The global economy is slowing again.

This is the biggest risk out there, yes. Most of Europe is in a recession already. China is forcing their economy to slow. Not good for our exports.

Don't Tread

May 4th, 2012
10:34 am

“We have a million more private-sector jobs today than we did in February 2009″

Ok, so let’s do some simple math: $787 billion + interest (owed to China) / one million jobs / average salary for those one million jobs = SO not worth it.

Paul

May 4th, 2012
10:34 am

Mighty Righty

“After three years this is Obama’s economy. No amount of distortion will change that.” etcetcetc

If you didn’t want to say under whose watch the recession began and under whose watch the bulk of time was spent correcting it, you could have just said so.

“The economic numbers this year show a worsening economy. ”

Really?

You have a source, hmmmmm?

You may want to start with Jay’s 10:21 “We have a million more private-sector jobs today than we did in February 2009, when Obama signed the stimulus bill.”

I’m sure you’ll find others from BLS or Treasury or Rush or Sean that’ll tell how we’re in a worse situation than we were when Pres Obama took office.

Oblama

May 4th, 2012
10:35 am

I do hope that by some miracle this economy recovers. Then both sides can take claim for the recovery that they had little to do with. Just like they don’t take the blame now for this disaster. Politicians, on average, are ignorant to how the world economy works since they live in the Disney Land called D.C. Just think – we have Nancy Pelosi and Harry Reid as experts on the economy. Lord help us!

Jay

May 4th, 2012
10:35 am

“A million (jobs) is pocket change.”

Hmmm. Well, given that we had just 600,000 fewer private sector jobs in January 2009 than we did eight years earlier, when Bush took office ….

Joseph

May 4th, 2012
10:35 am

I wonder when the American people will finally realize how the dems and Obama are cooking the books on the jobless numbers. It’s shameful that they are intentionally manipulating these numbers only to try and make his failed policies look better… Thank GOD that the majority of the country can still somewhat comprehend the lack of integrity of the Obama regime…

ByteMe - Political thug

May 4th, 2012
10:36 am

Notice a pattern yet??

What they’re left with is: my guy would have made it better faster… but I won’t tell you how or how I can be so sure of myself.

nomoobama

May 4th, 2012
10:36 am

Here is a better reason not to vote for Obama…his new campaign slogan “Forward” was and is a prominent slogan for communists and marxists all over the world. Google it. Also, Obama’s re-election campaign kicks off officially tomorrow, May 5. Do you know who was born on May 5? Obama’s hero…Carl Marx. Are you people not getting this? WAKE UP! You all cannot be this naive…

TaxPayer

May 4th, 2012
10:36 am

The unemployment rate is 8.1%. I’d say that is quite accurate given that it is reported to one decimal place.

Steve Atl

May 4th, 2012
10:37 am

Well said Joseph @10:35…

UNCLE SAMANTHA

May 4th, 2012
10:37 am

HELLO MCFLY’S

both parties are manipulating #’s and cooking books and doing all they can to keep in power

you can argue its one side or the other but its BOTH

Adam

May 4th, 2012
10:37 am

Also, for my first post about change since January 2009, if you make it change since February of 2009 instead, you can add 724,000 to each number cited, making April 2012 a period in which from February 2009 to April 2012 a net job growth of 152k so far. Yes, not actually a good number. But it IS a positive one.

ByteMe - Political thug

May 4th, 2012
10:37 am

Well said Joseph @10:35…

Well, Steve Atl, can you add some facts to back up his fact-free rant?

TaxPayer

May 4th, 2012
10:38 am

If a million jobs is pocket change then 6000 jobs must be chump change.

ByteMe - Political thug

May 4th, 2012
10:38 am

Here is a better reason not to vote for Obama…his new campaign slogan “Forward” was and is a prominent slogan for communists and marxists all over the world.

There’s a communist under your bed! BOOO!!!!!!

:roll:

They BOTH suck

May 4th, 2012
10:38 am

Neil Cavuto on Fox News……… just now

The unemployment rate will be below 8.0% by the election……… He didn’t mention contrived numbers or the media working to get the numbers down for Obama as asserted on this blog………… and NEVER backed up

He mentioned the race will be close but several important “swing” states have seen significant job growth which could be helpful for Obama

Jay

May 4th, 2012
10:39 am

“I wonder when the American people will finally realize how the dems and Obama are cooking the books on the jobless numbers. It’s shameful that they are intentionally manipulating these numbers only to try and make his failed policies look better… Thank GOD that the majority of the country can still somewhat comprehend the lack of integrity of the Obama regime…

Joseph, that’s a lie. If it’s not a lie, show some evidence for that claim. ANY evidence at all. You have none.

Clearly, you live in a fact-free world in which reality does not exist or at least is not acknowledged. If you need a “fact” to confirm the illusions that you find so comforting, you simply create that “fact” in your own mind and treat it as reality.

You are your own personal holodeck.

larry

May 4th, 2012
10:39 am

I guess if the unemployment rate numbers under this administration are fake, then i guess the so-called great unemployment rate numbers under the previous administration are fake too.

Not like they would have made anything up………. like say , going to war or terriorist threat alerts five days before the 2004 election.

ByteMe - Political thug

May 4th, 2012
10:39 am

The unemployment rate will be below 8.0% by the election

Survey of 32 economists said so yesterday. At least he’s being honest and reporting it :)

UNCLE SAMANTHA

May 4th, 2012
10:40 am

and JAMVET

you are running from accepting that unemployment is way higher than 8%

http://www.factcheck.org/2012/02/whats-the-real-jobless-rate/

both parties have manipulated the use of unemployment and inflation because they want you to believe they are effective

Adam

May 4th, 2012
10:41 am

Steve Atl: Quite simple…but probably the most accurate number out there.

Your numbers are pulling from two different metrics in two different months. Here’s the real data:

U-3 (official rate): 8.1%
U-6 (the rate you are trying to cite as 15.1): 14.5%
U-5 (the one you were trying to say is actually 11.6%): 9.5%

real john

May 4th, 2012
10:41 am

Jay,

So do you think this is just a blip, or a sign of a longer term trend that the economy may be slowing down again?

Also, on a totally different subject, I think the Presidential election in France right now is a potential very important barometer. You have Sarzoky who favors austerity vs the Socialist candidate who is vowing to raising income tax rates to 75% for those making over $1 million euros.

Many economists I have read say that Sarzoky is the safe bet for those who are looking at the long term health of France and the Euro. The Socialist candidtate is for those looking at what the government can do for themselves personally, but could hurt France long term. The Socialist candidate is predicted to win. I think this could say a lot about who we, as Americans, choose as a President in the future (and I not talking necessarily about Obama). I’m just saying in general, will people accept necessary austerity measures, or will they vote for the candidate who promises them the most?

UNCLE SAMANTHA

May 4th, 2012
10:41 am

hey jay
read this

http://www.factcheck.org/2012/02/whats-the-real-jobless-rate/
they dont lie or make up numbers

they manipulate them

Generation$crewed

May 4th, 2012
10:41 am

Jay
May 4th, 2012
10:21 am

But yet since Obama took office the total employed has went down by 700,000+.

So you are correct that Private sector has increased but the reality is there are nearly 3/4 of a million less people going to work, collecting a check and paying taxes on that income than there were when Obama was sworn in. These figures were of March 2012.

http://mollysmiddleamerica.blogspot.com/2012/04/private-govt-jobs-gained-lost-obama.html?m=1

Adam

May 4th, 2012
10:42 am

HELLO MCFLY’S

SO not helping your cause… again.

Peadawg

May 4th, 2012
10:42 am

“A long hard slog made harder”

Sooo many jokes going through my mind right now…

They BOTH suck

May 4th, 2012
10:42 am

“Joseph, that’s a lie. If it’s not a lie, show some evidence for that claim. ANY evidence at all. You have none.”

But, but, but I read it in Newsmax, WorldNetDaily and American Spectator as well as Rush, Hanitty, Boortz and Medved repeating it like a broken record every day……

It must be true, It must be , it must be ………

Doggone/GA

May 4th, 2012
10:42 am

“you ought to stop acting foolish by pretending otherwise.”

What makes you think he’s acting? ;-)

Jay

May 4th, 2012
10:42 am

And to review the numbers:

In the eight years in which Bush was president and in which GOP economic theory was in play, we lost more than 600,000 private sector jobs.

Since Bush left office, we have gained 35,000 private-sector jobs.

As I’ve said in the past, trying to gauge a president’s performance by such measures is pretty silly. But if you want to play the game, those are the numbers. Deal with them.

Recon 0311 2533

May 4th, 2012
10:43 am

What’s trending downward is job creation and GDP growth. Metrics that are very important in determining the health of our economy.

Brosephus™

May 4th, 2012
10:43 am

until the banks are cleaned up or cleaned out…….. and the foreclosures are processed………… consumer demand will not pick up

I don’t think that will have any effect on consumer demand. People need money to spend first. That requires jobs and not cleaning up banks and/or real estate.

Mighty Righty

May 4th, 2012
10:43 am

It is clear there are a number of people who do not know the Department of Labor is part of the Obama Administration. The president appoints the Secretary of Labor who is in charge of the Department of Labor and is a member of the presidents cabinet. If the president were to be voted out of office, the Secretary of Labor would lose his job as well. The unemployment number is a report card on the president. Now for those who were confused, can you see a possible conflict of interest?

Gale

May 4th, 2012
10:43 am

I read a commentary the other day about people who are out of work and stopped looking; the uncounted ones. A number of these have “gone back to school”. They said that if they don’t find a job when they finish, they will just go back to school again. I am wondering how and when they expect to pay back the student loans they are living on?

Adam

May 4th, 2012
10:43 am

You are your own personal holodeck.

AHAHAHA love it.

Oscar

May 4th, 2012
10:43 am

e mentioned the race will be close but several important “swing” states have seen significant job growth which could be helpful for Obama

—————–

Six months to go. A lot can happen. But looks like Obama gets re-elected unless something really unexpected happens.

Thomas

May 4th, 2012
10:43 am

Notice a pattern yet?

Adam- please no more facts as it ruins the drunken love fest

Jay

May 4th, 2012
10:44 am

Which is it, Generation?

Are public-sector jobs real jobs, or aren’t they?

Jefferson

May 4th, 2012
10:44 am

So God doesn’t say “you’re welcome” to liars, eh.

Steve Atl

May 4th, 2012
10:44 am

ByteMe…I live “the facts” daily.

- My home value is down 20%.
- My 401k is down significantly.
- I pay $3.80 a gallon for gas.
- I watch the debt clock grow to astronomical numbers.
- I see more people on welfare than ever before.
- I see banks that won’t lend to people with 800+ credit scores.

What else do you need?

Adam

May 4th, 2012
10:45 am

GS: But yet since Obama took office the total employed has went down by 700,000+.

And in January 2010 it was 4 million total lost, and on January 2011 it was 3 million total lost, and on January 2012 (this year) it was 1 million lost, and in the month you cited, 700k lost. Now it’s 572k lost as of the April 2012 numbers.

So what does that tell you?

larry

May 4th, 2012
10:45 am

But yet since Obama took office the total employed has went down by 700,000+.

I wonder how many of those were government workers.

I also wonder how many government jobs were created last month , if any.

They BOTH suck

May 4th, 2012
10:46 am

“Now for those who were confused, can you see a possible conflict of interest?”

If you have proof that the numbers are manipulated why not call every Republican you can to demand hearings

Why hasn’t one elected Republican mentioned manipulated numbers? Many do go after Obama for the economy, but I keep missing the manipulated numbers theories…..

Fill us all in……… wise one

Michael G.

May 4th, 2012
10:46 am

Jay- show where you got your numbers @ 10:21 and 10:36 or STFU. You just make yourself look silly spouting Democratic talking points.

ByteMe - Political thug

May 4th, 2012
10:46 am

So you are correct that Private sector has increased but the reality is there are nearly 3/4 of a million less people going to work, collecting a check and paying taxes on that income than there were when Obama was sworn in. These figures were of March 2012.

Wait… are you complaining because GOVERNMENT is getting smaller??

And you know where those job losses are greatest, right? I’ll give you a hint, the legislatures and governor’s offices of those states are run by a party known to love cutting government spending.

Votes have consequences.

Adam

May 4th, 2012
10:46 am

I see more people on welfare than ever before.

Pics or it didn’t happen. Make sure you get a good shot of them using their iPhone and driving away in their Escalade :roll:

Mighty Righty

May 4th, 2012
10:46 am

Jay,Jay,Jay, free enterprise and capitalism are American policies not Republican policies. Deal with it.

Joseph

May 4th, 2012
10:47 am

Jay:
The fact the participation rate of people in the workforce is dropping. That is a fact. Neither you nor any of your foaming at the mouth followers can deny that. That is the only reason the unemployment rate is dropping. FACT! Dispute the numbers and show me proof Jay! It’s simple math… Tell me this? When you deduct from the job pool and say that you’ve created jobs is simply false and that’s exactly what the Obama administration is doing… Fact!!!

They BOTH suck

May 4th, 2012
10:47 am

“My 401k is down significantly.”

I suggest you either fire the person helping you do your investing or if you are doing it yourself……….. hire someone……….

Thomas

May 4th, 2012
10:48 am

Bookman- you are the Skip (rude) Caray of blogging.

Move on to your Friday song thing- highest and best use of your time

Adam

May 4th, 2012
10:48 am

larry: I also wonder how many government jobs were created last month , if any.

Change is -15k from March to April.

JamVet

May 4th, 2012
10:48 am

UNCLE SAMANTHA,

Oops, sorry, I wasn’t clear.

Vis a vis the 1% being comprised of both parties, I could not concur more. That is not even debatable.

I meant the unemployment article you linked…

ByteMe - Political thug

May 4th, 2012
10:48 am

- My home value is down 20%.
– My 401k is down significantly.
– I pay $3.80 a gallon for gas.

And you want to blame this all on the President, like Joseph? Seriously? The president made you buy a house, invest poorly in your 401k and overpay for gas??

They BOTH suck

May 4th, 2012
10:49 am

Joseph

Huff and puff all you like if that makes you feel better…..

People falling off the rolls is a valid point, however the calculations for unemployment are the same as they were before Obama took office

Speaking of fact…… That is FACT

Oblama

May 4th, 2012
10:49 am

According to Huckabee last week : Oblama set a new all time record for fund raisers (124) beating Clinton’s old record of 94 and he still has several months to go. Oblama has collected an all time high cash handout from lobbyists, big corporations, Hollyweird, Planned Parenthood, labor unions AND foreign sources (is that legal?). What got my attention was that 20 + of these “fund raisers” were done OUTSIDE of the U.S – mostly from socialist and dictator run governments.. The question is “What has been promised to these foreign sources to get them to hand over their cash?”.

getalife

May 4th, 2012
10:50 am

Thomas,

Yes, cons are so polite in their comments.

Whine much?

EJ Moosa

May 4th, 2012
10:50 am

Well, you cannot say I didn’t warn you.

The rate of profit growth has fallen to less than 1.8% for companies over the last thirteen weeks down from 19.43% one year ago.

Profits at Retail Clothing stores have fallen for not one but three consecutive quarters. The most recent quarter is down more than 20% year over year.

The news does not get any better on jobs for the rest of the year.

They BOTH suck

May 4th, 2012
10:50 am

“And you want to blame this all on the President, like Joseph? Seriously? The president made you buy a house, invest poorly in your 401k and overpay for gas??”

Guess the “Personal Responsibility” mantra has changed

Joseph

May 4th, 2012
10:50 am

Brosephus™

May 4th, 2012
10:51 am

Are public-sector jobs real jobs, or aren’t they?

:shock: :shock:

ByteMe - Political thug

May 4th, 2012
10:51 am

According to Huckabee last week

So I guess it must be true since you heard it on TV or the radio, huh?

HAHAHAHAHAHAHAHAHAHAHA

Some of you are just too funny for words.

Curious

May 4th, 2012
10:51 am

You may not like Obama, but Romney is so weak, Obama will be re-elected.

Interesting how we decide which statistics are phoney and which are accurate.

Obama needs to identify and those folks putting out correct numbers.

ByteMe - Political thug

May 4th, 2012
10:52 am

Guess the “Personal Responsibility” mantra has changed

Cognitive dissonance. They can’t keep their ODS in their head at the same time as the mantra.

getalife

May 4th, 2012
10:52 am

“or STFU. You just make yourself look silly spouting Democratic talking points.”

cons are crying today.

Paul

May 4th, 2012
10:53 am

Mighty Righty

“The president appoints the Secretary of Labor who is in charge of the Department of Labor and is a member of the presidents cabinet. If the president were to be voted out of office, the Secretary of Labor would lose his job as well. ”

And 16,847 other Labor Department employees would carry on while the new president is sworn in.

“The unemployment number is a report card on the president. Now for those who were confused, can you see a possible conflict of interest?”

Nope. ‘Cause they have all these things called operating instructions and regulations and manuals that tell them how to run their calculations and issue their reports so what they are reporting is consistent with prior time periods.

Adam

May 4th, 2012
10:53 am

Hilarious. “Man, my chart of unemployment doesn’t look good. I’m a Republican or supporter. Do I:”

A) Make up data and present it as fact
B) Use other data and pretend it’s bad
C) Use data that I have never used before to make things look bad
D) Recognize that I have failed to make my point and admit it

JamVet

May 4th, 2012
10:53 am

“Stop acting all high and mighty.”

Get your talking points straight.

The proper term is uppity.

Ask Lynn Westmoreland…

Brosephus™

May 4th, 2012
10:53 am

- My 401k is down significantly.
- I pay $3.80 a gallon for gas.

Gotta suck to be you. My TSP is up and still climbing and I just filled my tank up at $3.56 a few days ago…

Peadawg

May 4th, 2012
10:53 am

“his new campaign slogan “Forward” was and is a prominent slogan for communists and marxists all over the world.” – You must listen to (and take seriously) Neal Boortz. I heard him talking about this the other day.

Recon 0311 2533

May 4th, 2012
10:54 am

http://www.youtube.com/watch?v=c2kGPdxkofo

Compliments of Nancy Pelosi’s little girl. Living life on Obamanomics

getalife

May 4th, 2012
10:54 am

I see cons crying about unlimited donations.

Join the OWS movement and change it cons.

Stop crying about it.

Jefferson

May 4th, 2012
10:55 am

The cat that sold that house is smiling.

Adam

May 4th, 2012
10:55 am

By the way, I don’t suppose any con wants to engage on the facts I have presented? Anyone? Anyone?

(crickets)

….that’s what I thought.

ByteMe - Political thug

May 4th, 2012
10:55 am

How can you deny these numbers Jay?

Who’s denying it? Labor force participation has been falling for 12 years now. The boomers are retiring. I own my own one-person company… am I included in those statistics, since I’m not part of a “labor force”?

And why don’t they ever survey me to see if I’m still working??

Jefferson

May 4th, 2012
10:56 am

Brosephus™

May 4th, 2012
10:56 am

Paul

Think I’d be able to use this blog in working towards that masters and/or doctorate in psychology?

:)

JamVet

May 4th, 2012
10:56 am

“I wonder when the American people will finally realize how the dems and Obama are cooking the books on the jobless numbers”

Your argument would be stronger, Sinkwich Joseph, if you were more specific.

Brosephus™

May 4th, 2012
10:56 am

Jefferson

Dammmit!!!!! I got hosed…. :)

UNCLE SAMANTHA

May 4th, 2012
10:57 am

Adam

May 4th, 2012
10:42 am
HELLO MCFLY’S

SO not helping your cause… again.

no worries Adam
i fully understand my cause is hopeless at this moment
but in the near future
when the BABY BOOMERS start enrolling into MEDICARE by the 10’s of MILLIONS
and ALL our tax revenues are being SUCKED into that OPEN-ENDED entitlement
and the DEMS and REPS have to stand before the AMERICAN PEOPLE and answer
WHY DIDN”T YOU DO ANYTHING?

then my cause will be helped

ByteMe - Political thug

May 4th, 2012
10:57 am

I heard him talking about this the other day.

It was Monday’s talking point. Got so bad, Wikipedia is going to take down the page about the term as being unreliable and unverified.

getalife

May 4th, 2012
10:57 am

We are still not losing jobs like w.

Gas prices are dropping.

Economists are saying the future is brighter.

Facts.

Adam

May 4th, 2012
10:57 am

but in the near future
when the BABY BOOMERS start enrolling into MEDICARE by the 10’s of MILLIONS
and ALL our tax revenues are being SUCKED into that OPEN-ENDED entitlement
and the DEMS and REPS have to stand before the AMERICAN PEOPLE and answer
WHY DIDN”T YOU DO ANYTHING?

THE END IS NIGH! THE END IS NIIIIIIIIIGH!

ByteMe - Political thug

May 4th, 2012
10:58 am

3.41 today.

Really? Was 3.56 up near me yesterday morning.

Good thing I don’t fill up but once every 3-4 weeks.

They BOTH suck

May 4th, 2012
10:58 am

Recon

Yesterday you posted that video and mentioned “fair and balanced”……….if I am not mistaken

So I will be “fair, balanced and unafraid” and link the other video that Pelosi’s daughter made

Enjoy

http://www.youtube.com/watch?v=tuI2LEKHGiQ

Figured you would want the entire depiction and not just one side of her documentary

UNCLE SAMANTHA

May 4th, 2012
10:58 am

jamvet

the nile is a river in egypt
denile is a dam to the river of common sense

http://www.factcheck.org/2012/02/whats-the-real-jobless-rate/

both parties manipulate

Paul

May 4th, 2012
10:59 am

Bottom Line:

– the policies and practices of two terms of the Republican administration contributed to the financial collapse.

- the bulk of the effort of the current administration has been to correct this. They’ve had some successes, some failures, but the situation is better than it was.

- Republican supporters are loathe to admit the basis of this recession was in the last administration.

- Republican supporters dispute any positive results to correct that have occurred post-Bush.

- Republican supports advocate, as corrective measures, those same policies that contributed to the recession in the first place.

There are minor pluses and minuses each side can make that will give support to their side, but overall, that’s how it seems to me.

Generation$crewed

May 4th, 2012
10:59 am

Adam
May 4th, 2012
10:45 am

That 1/2 million folks who had jobs upon President Obama being sworn into office no longer have jobs.

Jay,

When did I ever claim they weren’t real jobs.
Simple stats show more people are without a job now as oppossed to when President Obama took office. FACT, yes or no?

Adam

May 4th, 2012
11:00 am

So gas prices are down?

Thanks Mr. President!

(seriously though, the President has nothing to do with it, unless you believe he made it worse and then made it a little better like one crazy-ass con said the other day)

Kepp on poutragin! When gas prices start to climb again, guess what the talking point of the day will be? Right now though? It’s “THINGS ARE BAD! THE END IS NIGH! WHY ISN’T ANYONE TALKING ABOUT THIIIIIIS (whine)”

Paul

May 4th, 2012
11:01 am

Brosephus

“Think I’d be able to use this blog in working towards that masters and/or doctorate in psychology?”

I’d be careful about that. Your faculty advisor might change you from being a psychology student to being a psychology subject…..

Recon 0311 2533

May 4th, 2012
11:02 am

The left seems to think that high unemployment, low GDP and anemic job growth represents economic progress. I guess that’s why they call themselves progressives.

UNCLE SAMANTHA

May 4th, 2012
11:02 am

adam

you are only PARTIALLY correct

the end is nigh

but not for the U.S.

the end is high only for you democraps and repugnants

JamVet

May 4th, 2012
11:02 am

“both parties manipulate”

That is your point, UNCLE?

Here is another one, water is wet.

I though the whole gist of your argument was to take exception with my post that we don’t have 15% unemployment in this country.

Adam

May 4th, 2012
11:03 am

That 1/2 million folks who had jobs upon President Obama being sworn into office no longer have jobs.

So about 86.5% of all the people who lost their jobs between November 2008 and December 2008. Got it.

Adam

May 4th, 2012
11:03 am

the end is high only for you democraps and repugnants

So you’re just a whack-a-doodle Libertarian then. Carry on….

Paul

May 4th, 2012
11:03 am

Adam

So Democrats should be neutral about Pres Obama and declining gas prices, since they said he had nothing to do with the rise.

While Republicans, who thought Pres Obama responsible for rising gas prices, should thank him and heap accolades upon him because prices are declining.

Me, i want Republicans to explain to the rest of us thick-headed ignorant types just what it was Pres Obama actually did to bring gas prices down.

Joseph

May 4th, 2012
11:04 am

ByteMe – Political thug:

I don’t blame the President for falling home prices. I blame the democrap party for it because they are the ones who forced banks to give mortgages to people who couldn’t afford them and eventually it came back to bite us all in 08’ and 09’. Of course the high energy cost is a whole different story because the enormous amount of regulations has a direct effect on this. Before President Bush left office he eased many of these regulations and issued many more permits for exploration on federal lands. Obama has stopped this and is being disingenuous in saying that he has anything to do with increased production. That’s all from private lands.

Oblama

May 4th, 2012
11:04 am

And now Jay is an expert on real estate. Real estate cycles from boom to bust and back are usually 5 to 8 years. You are correct that this was a created real estate bubble aided by Fed government pressure on banks to give loans to those that could not afford them. Bonnie Fwank is on record for that and now he has tucked tail and run. That said, real estate should have rebounded by now based on history. There has been little to zero rebound. The banks should have been done the same way the Savings and Loan debacle was done. The accounts (customers) should have been protected and moved to successful banks and the failed banks closed. Instead, we still have the failed banks being run by the greedy that help cause this problem to start with.

Mighty Righty

May 4th, 2012
11:04 am

I don’t know where Jay gets his numbers, but below is where I got mine:

http://data.bls.gov/cgi-bin/surveymost

Per the above source, total non farm employment at end of January 2009 was 133,561,000. The same measurement at the end of April 2012 showed total non farm employmnet of 132, 989,000. I think even Jay will have to admit there are fewer employed today than when Obama took office. Sorry Jay.

Adam

May 4th, 2012
11:05 am

Paul: Democrats are basically doing what you say they should be doing, while Republicans are not at all following what you think they ought to be doing, in both cited cases :)

I am joking, btw, when I thank Obama for gas prices dropping. In case that was lost on anyone.

Jay

May 4th, 2012
11:06 am

“How can you deny these numbers Jay?

Well, Joseph, I suppose I could do what YOU do. I could claim, on the basis of no evidence whatsoever, that those numbers are fabricated. I could use your little mind trick of WISHING those numbers were wrong, and then pretending that my wish had become reality. I’m sure the world would be a more comforting little space if I could convince myself to create my own reality.

(BTW, the numbers that you now cite were compiled by the very same people whom you accuse of cheating on the job numbers.)

Second, I don’t deny those numbers in any way. They confirm exactly what I wrote earlier: Labor force participation peaked in 2000 and has been declining ever since, and is about what it was in Reagan’s first term. So what’s your point?

Joseph, you are a classic case of someone beginning with a purely emotional point of view — in this case, “I hate Obama!” — and then inventing, distorting, fabricating and creating “facts” that will confirm how correct you are to feel that way.

You have not arrived at your conclusions via rational thought and facts, and thus you cannot be dissuaded from your conclusions via rational thought and facts.

Brosephus™

May 4th, 2012
11:06 am

Paul

There is that!!! Walking the fine line between genius and insanity….

JamVet

May 4th, 2012
11:07 am

“the democrap party for it because they are the ones who forced banks to give mortgages to people who couldn’t afford them and eventually it came back to bite us all in 08’ and 09’.”

And George W. Bush and Dick Cheney never criticized Democrats while in office.

Lie after lie after lie.

Kudos, Joseph…

Adam

May 4th, 2012
11:07 am

Per the above source, total non farm employment at end of January 2009 was 133,561,000. The same measurement at the end of April 2012 showed total non farm employmnet of 132, 989,000. I think even Jay will have to admit there are fewer employed today than when Obama took office. Sorry Jay.

LOL. Mighty Righty using facts, but ignoring the trend. Let me repeat this:

http://blogs.ajc.com/jay-bookman-blog/2012/05/04/job-growth-an-anemic-115000-jobless-rate-ticks-down/?cp=5#comment-944058

Baseline, number of total jobs on January 2009: 133,561,000
Total Change as of January 2010: -4,282,000
Total Change as of January 2011: -3,105,000
Total Change as of January 2012: -1,100,000
Total change as of April 2012: -572,000

Notice a pattern yet?

ByteMe - Political thug

May 4th, 2012
11:08 am

I blame the democrap party for it because they are the ones who forced banks to give mortgages to people who couldn’t afford them and eventually it came back to bite us all in 08’ and 09’

How exactly do you explain away the part where the banks under the CRA had significantly fewer subprime loans on their books than the banks who weren’t under the CRA? How do you explain AIG, was that a “democrap” conspiracy to make them write billions in derivatives that they couldn’t back?

Facts, boy. Let’s see some facts to go along with that sausage you’re trying to create.

Adam

May 4th, 2012
11:08 am

(BTW, the numbers that you now cite were compiled by the very same people whom you accuse of cheating on the job numbers.)

Yep. As I’ve pointed out the the “Real Unemployment rate” people.

UNCLE SAMANTHA

May 4th, 2012
11:09 am

jamvet

no its only about 13%-14% unemployment now
that was from january

but you can live in denial at 8%
its your choice

Towncrier

May 4th, 2012
11:09 am

Good news, everyone. I think we can now put to rest all our wrangling over objectivity in the various
television news media. Happily, Al-Qaida has resolved this for us.

http://www.guardian.co.uk/world/2012/may/03/al-quaida-cunning-methods-us-news

So liberals, next time you want to stop arguments about the objectivity of FoxNews or MSNBC, just point to this source. The judgement of this terrorist group almost matches yours, so you should feel like you are in good company. After all, as the article points out, they are only interested in showing “…the fairness of [their] case to the whole world and the European peoples in particular”.

A little sarcasm but all in good fun, guys ;-)

Recon 0311 2533

May 4th, 2012
11:09 am

TBS, josef might like to see that video.

Adam

May 4th, 2012
11:09 am

<iI blame the democrap party for it because they are the ones who forced banks to give mortgages to people who couldn’t afford them and eventually it came back to bite us all in 08’ and 09’

So what you’re saying is we should have had MORE REGULATION to deal with that, right? :D

They BOTH suck

May 4th, 2012
11:11 am

He is welcome to do so………….. But he doesn’t like Maher, so I would guess he could careless about the one you or I posted

Jay

May 4th, 2012
11:11 am

Adam

May 4th, 2012
11:11 am

Towncrier: So liberals, next time you want to stop arguments about the objectivity of FoxNews or MSNBC, just point to this source.

Even a broken clock is right twice a day.

Oblama

May 4th, 2012
11:12 am

I want to hear from you socialists for Oblama. Is he “big government” enough to suit you? Who should be the boss- the government or the citizens that pay for their salaries?

UNCLE SAMANTHA

May 4th, 2012
11:12 am

adam
once again you are incorrect

libertarians are even worse

let wall street regulate themselves
let deep sea oil rig builders and operators regulate themselves
housing markerts will self correct
legalize drugs

not a libertarian

JKL2

May 4th, 2012
11:12 am

jamvet- And now, you fake conservatives are getting ready to nominate a proven socialist. The very author of socialized medicine

So your point is we’re voting for for a fake instead of the real thing?

The difference between Romney and obama is with Romney we still have Hope.

Good to see you have thrown in the towel.

John Birch

May 4th, 2012
11:12 am

Jay – If the unemployment and job creation numbers are facts, why are those “facts” inevitably revised to different numbers the following month? Fact is we need almost 200,000 jobs to be created every month to keep unemployment steady because that is normally how many new worrers enter the work force. The reported unemployment decrease is due to workers going on disability instead of unemployment, less people entering the work force, and less people actively looking for work.

Adam

May 4th, 2012
11:13 am

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

May 4th, 2012
11:13 am

Excellent article on how Wall Street is manipulating gas prices.

this fixation on blind market forces ignores the fact that Wall Street is financializing the commodities markets – especially oil – as it seeks new ways to pick our pockets. The same greedy swindlers who puffed up the housing bubble and then milked it dry are now hard at work doing the same with gasoline. What is financialization and why is it coming to the oil industry?
Here’s a chilling definition provided by economist Thomas I. Palley

http://www.salon.com/2012/05/04/wall_streets_oil_scam/

UNCLE SAMANTHA

May 4th, 2012
11:13 am

adam
obviously from my name i am CONFUSED
so i am self aware

Generation$crewed

May 4th, 2012
11:14 am

Adam
May 4th, 2012
11:03 am

Do you just make things up in your mind? Why accuse me of claiming that?

You asked me a question I gave you a factual answer.

Sorry if you don’t like the fact that over 1/2million folks who had a job in Jan. 2009 now do not have one.

ByteMe - Political thug

May 4th, 2012
11:14 am

Fact is we need almost 200,000 jobs to be created every month

* WHISTLE * Moving the goal posts. Five yard penalty. Repeat the down.

Don't Tread

May 4th, 2012
11:14 am

Jay 10:21 “We have a million more private-sector jobs today than we did in February 2009″

Jay 10:42 “Since Bush left office, we have gained 35,000 private-sector jobs.”

Wow. A lot can change in 21 minutes. Or January 21, 2009 to February 1, 2009, depending on how you look at it.

Adam

May 4th, 2012
11:15 am

Fact is we need almost 200,000 jobs to be created every month to keep unemployment steady

And yet, the unemployment rate continues to drop despite not meeting this number. COOKED BOOKS! CONSPIRACY! TELEPROMPTER (oh sorry got my talking points mixed up again).

JKL2

May 4th, 2012
11:16 am

Let’s see what obama’s good friend is up to today:

http://www.theblaze.com/stories/bill-ayers-to-university-students-americas-game-is-over-and-another-world-is-coming/

I’m sure it’s nothing since the “great uniter” doesn’t listen to anyone.

JamVet

May 4th, 2012
11:16 am

“no its only about 13%-14% unemployment now”

That is expounding? Please show your work. (And understand that I’ve read about and known about the six types of unemployment, U1–U6, for many years)

“but you can live in denial at 8%
its your choice”

Yep, I choose to live in the non-parallel reality that the overwhelming consensus of informed people live in.

The worst government that mountains of dirty money can buy…

Some things just can’t be bought. There are some places that a “For Sale” sign simply doesn’t belong. But apparently the message hasn’t got around among the 1%. In what kind of country is there a price tag on democracy? On justice? Unfortunately the U$A is becoming that kind of country, where it’s hard to find anything that doesn’t have a price.

What does it cost for the highest office in the land? Depends on who you ask. Mitt Romney has already ran up an expensive bill; at the end of March he had spent $126,000.00–per delegate–with 607 in all. That’s a total of $76,600,000.00. Who could imagine that kind of money, let alone compete with it? Enter Barack Obama. He has raised nearly $200,000,000.00 for this year’s race. And, oh yeah, we don’t want to forget about Super PACs: they’ve already spent almost $100,000,000.00 this election cycle. (And we’re just entering “general election” season!)

Recon 0311 2533

May 4th, 2012
11:16 am

They BOTH suck

May 4th, 2012
11:16 am

“If the unemployment and job creation numbers are facts, why are those “facts” inevitably revised to different numbers the following month?”

Are these “revisions” new since the Obama Administration or is it common practice for the numbers to be shown based on available data then to be adjusted as all info has been gathered?

If it is new,,,,,,, we have a problem

If it is not, what is your point

I suspect a smart man like yourself already knows the answer

Good day

Adam

May 4th, 2012
11:16 am

The reported unemployment decrease is due to workers going on disability instead of unemployment, less people entering the work force, and less people actively looking for work

As I have REPEATEDLY pointed out, this is incorrect. See trending numbers here:

http://www.bls.gov/news.release/empsit.t15.htm

You’re welcome. Let me know if I have to help you clean up the brain splatter when your head explodes/

Oblama

May 4th, 2012
11:16 am

here tomorrow – gone today.

Steve

May 4th, 2012
11:17 am

Read. I dare you.

http://www.nytimes.com/2012/05/04/opinion/krugman-plutocracy-paralysis-perplexity.html?_r=2&hp

Before the Great Recession, I would sometimes give public lectures in which I would talk about rising inequality, making the point that the concentration of income at the top had reached levels not seen since 1929. Often, someone in the audience would ask whether this meant that another depression was imminent.

Well, whaddya know?

Joseph

May 4th, 2012
11:17 am

JamVet:

If I start up a new business and hire 100 people to start I will be at 100% employment and 0% unemployment right? After a year or so I decide that I can run my business with only 90 employees so I lay off 10 of those. That would mean the unemployment would be 10% now instead of 0%. Those 10 employees’ decide since the dems have extended unemployment to 2 years that they could sit at home and draw a check. After it runs out and they are not counted anymore and I still have 90 employees’ so magically my numbers would climb back to 100% employment and 0% unemployment. It’s simple math…

Is that simple enough for you?

Steve Atl

May 4th, 2012
11:17 am

Bottomline is that the majority of Americans are not better off than 3.5 years ago…voting for Romney.

I think a lot of Americans are catching on to Obama’s tomfoolery.

Adam

May 4th, 2012
11:18 am

Sorry if you don’t like the fact that over 1/2million folks who had a job in Jan. 2009 now do not have one.

Sorry if you don’t like the fact that Obama is not responsible for that, and that 150k MORE people have jobs than did in February 2009.

See, we could do this all day. Why don’t you just admit you’re cherry picking data to support your pre-existing position?

Poor Boy from Alabama

May 4th, 2012
11:18 am

JB @ 10:42. You wrote:

And to review the numbers:

In the eight years in which Bush was president and in which GOP economic theory was in play, we lost more than 600,000 private sector jobs.

Since Bush left office, we have gained 35,000 private-sector jobs.

As I’ve said in the past, trying to gauge a president’s performance by such measures is pretty silly. But if you want to play the game, those are the numbers. Deal with them.

You’re post is a bit misleading. Total non-farm payroll went up under Bush and has fallen under Obama.

According to the Bureau of Labor Statistics:

Total non-farm employment as of January 2001 = 132,466,000

Total non-farm employment as of January 2009 = 133,561,000

Total non-farm employment as of April 2012 (preliminary figures) = 132,989,000

Series Id: CES0000000001
Seasonally Adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS

You can pull these numbers using this link:

http://data.bls.gov/pdq/SurveyOutputServlet

Jobs creation under Bush wasn’t great, but his time in office was book-ended by two recessions. Fair is fair, however. There was net jobs creation on his watch. There has been a net loss of jobs under Obama so far.

Steve

May 4th, 2012
11:18 am

When Obama clearly wins this fall, I can’t wait to read the posts in here.

ByteMe - Political thug

May 4th, 2012
11:18 am

Bottomline is that the majority of Americans are not better off than 3.5 years ago…voting for Romney.

Bottom line is that you just made up a bottom line.

Peadawg

May 4th, 2012
11:19 am

“Take it up with those liberals at the Wall Street Journal, Righty:

http://blogs.wsj.com/economics/2012/05/04/private-jobs-turn-positive-for-obama-presidency/

Lawyered

JamVet

May 4th, 2012
11:19 am

If the unemployment and job creation numbers are facts, why are those “facts” inevitably revised to different numbers the following month?

This took about 45 seconds to find…

The Current Employment Statistics (CES) program (also known as the payroll survey or the establishment survey) is designed to measure trends in employment, hours, and earnings by industry. Each month BLS surveys approximately 141,000 businesses and government agencies representing approximately 486,000 worksites throughout the United States. The monthly Employment Situation news release provides national CES data on employment, hours, and earnings, as well as labor force and unemployment estimates from the Current Population Survey (CPS), also known as the household survey.

The Employment Situation is typically released on the first Friday of the month following the reference month. For example, the February 3, 2012 Employment Situation published CES first preliminary employment estimates for January 2012. CES estimates represent information reported by survey respondents for their pay periods that include the 12th of the month.

Not all sampled firms are able to report their data in time to be used in the first preliminary estimates. Therefore, BLS continues to collect sample responses after the release of first preliminary estimates for incorporation into second preliminary and final sample-based estimates. Second preliminary estimates for a reference month are published the month following the initial release, and final sample-based estimates are published two months after the initial release.

http://www.bls.gov/ces/cesregrevtec.htm

They BOTH suck

May 4th, 2012
11:19 am

Speaking of blaze.com

Lets see what Karl Roves electoral map looks like and published in the BLAZE last week

http://www.theblaze.com/stories/karl-roves-electoral-map-if-election-were-held-today-obama-would-win/

Steve

May 4th, 2012
11:19 am

Alabama – that’s a very clever way to fudge numbers, my man…you just keep telling yourself that.

JamVet

May 4th, 2012
11:21 am

Bottomline is that the majority of Americans are not better off than 3.5 years ago…

Your argument would be stronger, Sinkwich Steve Atl, if you were more specific.

ByteMe - Political thug

May 4th, 2012
11:21 am

Total non-farm employment as of January 2001 = 132,466,000

Total non-farm employment as of January 2009 = 133,561,000

Total non-farm employment as of April 2012 (preliminary figures) = 132,989,000

And yet… private labor is 1 million jobs higher now than in Feb 2009.

The losses came from GOVERNMENT JOBS. The ones you hate and want to cut.

Conservatives should be cheering, right? :)

Oblama

May 4th, 2012
11:21 am

Chavez government gives huge campaign contribution to his good comrade Oblama.

Adam

May 4th, 2012
11:23 am

Steve: When Obama clearly wins this fall, I can’t wait to read the posts in here.

One of them will be me quoting oodles of people here who said Obama was basically doomed.

Oblama

May 4th, 2012
11:24 am

In return for campaign contribution (or so it appears) Chavez government is granted right to build 341 additional Valero gas stations in the U.S. at exclusive locations. Huckabee Report.

They BOTH suck

May 4th, 2012
11:24 am

Joseph

Let us all know when Issa has had enough of the “manipulated numbers” and he has hearings to call the Obama Administration and the Labor Dept to task

I’m sure you will not let us down

Thanks in advance for doing this public service

ragnar danneskjold

May 4th, 2012
11:24 am

Dear Byte @ 10:12, good morning, you err. Private nonfarm employment on Jan 2009 – 133,561,000. Private nonfarm employment on Mar 2012 – 132,821,000. You are wrong only by three quarters of a million people, roughly the population of Memphis, Tennessee.

Oblama

May 4th, 2012
11:25 am

No Oblama isn’t doomed – he’s rich like the 1%. That leaves the rest of us to be doomed.

Mighty Righty

May 4th, 2012
11:26 am

The labor force rate — all workers more than 16 years old — climbed above 66 percent in October 1988. It stayed there throughout the term of President George H.W. Bush, and topped 67 percent for 40 consecutive months during President Clinton’s two terms. The rate stayed above 66 percent for almost all of President George W. Bush’s two terms.

But the month Mr. Obama was elected, the rate dropped to 65.8 percent. By the end of his first year in office, the BLS said the labor participation rate was just 64.6 percent. And last month, for the first time in nearly 30 years, the rate dropped all the way down to 63.7 percent.

Still, month after month, the mainstream media laps up reports of a falling unemployment rate.

This administration does not use the same method for determining the unemployment rate as other administrations did. To lower the reported rate they simply don’t count the work force the same way. In spite of those who claim all administrations have done it the same way, the above pres otherwise.

Joseph

May 4th, 2012
11:26 am

Why is Obama campaigned with Sherrod Brown? A known wife beater..

http://www.breitbart.com/Big-Government/2012/05/03/Sherrod-Brown-Divorce-Obama

JKL2

May 4th, 2012
11:27 am

finn- Excellent article on how Wall Street is manipulating gas prices

When is obama going to change that law that says only Republicans can buy stock in oil companies?

Granny Godzilla - Union Thugette

May 4th, 2012
11:27 am

When I cook books I make sure I use a stock made from Encylcopedias….lots of onions and fresh parsley.

Godzilla Cooked Books Soup is mmmmm mmmmm good.

JamVet

May 4th, 2012
11:27 am

If I start up a new business and hire 100 people to start I will be at 100% employment and 0% unemployment right?

No. That is a nonsensical non-sequitur. And patently illogical.

Tell me, when was the last time you saw a headline that read, “Today’s unemployment figures for Boeing were…”?

Unemployment is counted for ALL of the defined workers in this country (or state or country or city), not just the workers in one company.

EJ Moosa

May 4th, 2012
11:27 am

It’s pretty humorous to read these comments on employment. I’ve explained numerous times that the rate of job growth is directly correlated to the rate of profit growth.

It takes more than profits to create new jobs. It takes growing profits to fuel job growth.

And while many parrot the reports they read and hear, I doubt any have taken the time to really dig in and see if the picture being presented is accurate.

I have. And I have demonstrated that the rate of job growth the next twelve months is highly correlated to the rate of profit growth the previous twelve months.

You have heard repeatedly about record profits. The reality is that the rate of year over year improvement is down to an abysmal 1.8% for the most recent quarter.

Earnings reported by companies for their most recent quarter make it third of the last four quarters reported in total dollars. That is weaker earnings, not stronger earnings.

Only when you understand what the mechanism is for job creation can you really explore what is going on.

Without continuous profit growth higher than 7-8% on an annualized basis, there is no job growth the following year.

It is that simple.

People can point fingers, blame the weather, blame Bush, or blame Obama. Tell me how that helps.

The only thing that will help is understanding what needs to be done to create job growth. I have offered an insight into that. It’s unfortunate that it is so easily dismissed.

But it will not always be that way.

http://www.nolanchart.com/article9553-why-job-growth-will-be-turning-negative.html

getalife

May 4th, 2012
11:27 am

Knee jerk con’s emotional reactions are hilarious but wrong as usual.

Without the blame game they got nothing because they can’t run on w’s record.

Our President will run on his record.

Adam

May 4th, 2012
11:28 am

Anyone want to lay odds that the talking point of tomorrow will NOT be the labor force participation rate? Also, anyone want to make bets on how many cons throwing that one out actually understand the data?

Oblama

May 4th, 2012
11:28 am

There are those that worship the Great Oblama and the Fed government….. our 1st “Reality Show” President aka “The Great Divider”.

Steve Atl

May 4th, 2012
11:28 am

63.7%…that is worse than I thought…does that include the unemployed in all 57 states…that might make it higher.

JamVet

May 4th, 2012
11:29 am

“When is obama going to change that law…”

Somebody does not understand how laws are made in this country…

http://bensguide.gpo.gov/9-12/lawmaking/index.html

They BOTH suck

May 4th, 2012
11:29 am

“In return for campaign contribution (or so it appears) Chavez government is granted right to build 341 additional Valero gas stations in the U.S. at exclusive locations. Huckabee Report.”

Are Venezuelan companies prohibited from doing commerce in the US? Those gas stations already exist.

Outside of buying, obtaining local and state permits, constructing the buildings……… what exactly do they need from the Obama Administration?

Citgo which is basically Valero already operates refineries and gas stations in the US…….

Next topic

getalife

May 4th, 2012
11:30 am

“People can point fingers, blame the weather, blame Bush, or blame Obama. Tell me how that helps”

I think the blame game makes them feel better about supporting their party but accomplishes nothing.

There are no solutions coming from corrupt congress .

They BOTH suck

May 4th, 2012
11:31 am

Meant to say “outside if buying or leasing land………..”

Mighty Righty

May 4th, 2012
11:32 am

JamVet

May 4th, 2012
11:19 am
Why is it necessary for the BLS to gather a sample by telephone instead of using actual data which is available? I am sure the governemnt can afford a laptop or something to connect live to state unemployment reporting centers. But then they wouldn’t be able to manipulate the data would they?

blahblahblah

May 4th, 2012
11:33 am

Since June 2009, when the recession officially ended, the number of people signing up for disability benefits is double the job growth figure.

- AJC Biz Beat from 4/20/12

I’m sure Adam will explain how this is wrong and/or doesn’t artifically lower the unemployment rate.

EJ Moosa

May 4th, 2012
11:33 am

“I think the blame game makes them feel better about supporting their party but accomplishes nothing.”

And I believe the game goes on because they do not know how things really work. Rather than digging in and look for correlations as I have, they take the easy route.

GT

May 4th, 2012
11:33 am

Oil is 98 a barrel.

Brosephus™

May 4th, 2012
11:33 am

Bottomline is that the majority of Americans are not better off than 3.5 years ago…voting for Romney.

Dang it!!! Now I’m a minority in a minority??? I hate when people keep redefining things…. :roll:

They BOTH suck

May 4th, 2012
11:33 am

“Why is Obama campaigned with Sherrod Brown? A known wife beater..”

Desperation setting in quickly and very early

hahahahahahahaha

Brosephus™

May 4th, 2012
11:35 am

The losses came from GOVERNMENT JOBS. The ones you hate and want to cut.

Conservatives should be cheering, right?

Highly unlikely…

Generation$crewed

May 4th, 2012
11:35 am

Adam
May 4th, 2012
11:18 am

You going to claim I cherry picking to fit my idea and that I have trouble with the fact it is not Obama’s fault.

Now read this carefully!

Show me any post I have ever made claiming this to be Obama’s fault. Just 1. Go back as far as you need to.

There seemed to be confusion as to the actual numbers, with Jay throwing out his private sector job growth blah blah. All more diversion. Just as you are doing.

Thus placing you into the catagory of defining your position and then finding facts to support it.

All I showed was that in fact since Obama took office there are fewer people on pay rolls. Did I offer a reason why? Give blame to anyone or any party?

Since the answer is no why do you feel the need to lie and claim that is my motivation? Eventhough there ain’t one single implication by me. Can the same be said for you?

So now respond and tell the people something else I am doing that there is not one shred of evidence of me doing. Let’s see it!

Oblama

May 4th, 2012
11:35 am

Oblama is The “Great Divider”. Class warfare/ Sex warfare/ Race warfare/ Age warfare/ Victim warfare/ etc. …………… Reagan was the “Great Uniter”… now we have just the opposite. Time for CHANGE. Time for another “Great Uniter” and time for TERM LIMITS.

Steve Atl

May 4th, 2012
11:36 am

Head of the Harvard Law Review doesn’t know how many states there are…and the great soothsayer can’t make a speech without a teleprompter.

Maybe should have layed off the crack in his early years and studied Geography and went to Toastmasters.

Poor Boy from Alabama

May 4th, 2012
11:36 am

Steve @ 11:19

Not sure which part of my post you question.

Here are a couple of other things for you to consider:

1. Labor force participation rates have fallen steadily since early 2009.

2. The percentage of Americans working fell steadily through most of 2009 and has barely budged since

Use this link from the Federal Reserve Bank of Richmond and then go to page 28:

http://www.richmondfed.org/research/national_economy/national_economic_indicators/pdf/all_charts.pdf

You add it all up and there hasn’t been much of a jobs recovery.

JKL2

May 4th, 2012
11:37 am

steve- When Obama clearly wins this fall, I can’t wait to read the posts in here.

“so this is how liberty dies…with thunderous applause”

Feel free to break out the violin while Rome is burning from all the OWS riots Nero.

JamVet

May 4th, 2012
11:37 am

“our 1st “Reality Show” President”

Cathy, but sophist.

However, we almost had our first Reality Show candidate. What a shame too, he could have made one helluva run at outstupiding (made up word) Herman, Newt, Michelle and both Rickys…

http://www.nbc.com/the-apprentice/

getalife

May 4th, 2012
11:37 am

When is Obama going to change law?

I am just a bill on capital hill toon should be watched by our cons.

corrupt congress and their lobbyists write the laws silly.

Steve Atl

May 4th, 2012
11:38 am

Bropheus…congratulations on upgrading to the double wide and getting a newer Prius…you are indeed living large (and seem to be better off).

Jay

May 4th, 2012
11:39 am

In return for campaign contribution (or so it appears) Chavez government is granted right to build 341 additional Valero gas stations in the U.S. at exclusive locations. Huckabee Report.

Some suckers will clearly believe anything, and I mean ANYTHING! — P.T. Barnum Report.

Oh, and sheets.

Adam

May 4th, 2012
11:40 am

GS: So what IS your point, then, if not to indicate Obama is somehow at fault, by starting your data at January 2009? Show me evidence you’re actually being objective by doing this, and not just calling the kettle black when you say “Thus placing you into the catagory of defining your position and then finding facts to support it.”

If all you have is “Well I didn’t exactly SAY that” then you’ve got nothing. If there’s a reason other than implicitly blaming Obama, let’s hear it!

ByteMe - Political thug

May 4th, 2012
11:40 am

Private nonfarm employment on Jan 2009 – 133,561,000.Private nonfarm employment on Mar 2012 – 132,821,000

Why limit it. How about total private employment?

Feb 2009 (why January when Obama didn’t get into office until the 20th?): 110260 million
April 2009 (we have those numbers now!): 111020 million.

That’s about the size of Memphis in job gains :)

UNCLE SAMANTHA

May 4th, 2012
11:40 am

REAL MEN OF GENIUS

President Barack Obama issued a proclamation yesterday in celebration of Jewish Heritage Month that lauded Nazi supporter Gertrude Stein

Tit for Tat

May 4th, 2012
11:40 am

Oblama – Bonnie Fwank has not turned tail and run. He retired from politics and went back to his boy friend – you know the one that got raided for having little boys in his basement.

Adam

May 4th, 2012
11:41 am

JKL2: “so this is how liberty dies…with thunderous applause”

POINT OF ORDER: That line was used as a dig against the BUSH administration. You don’t get to use it to apply anywhere else, except in the fictional Star Wars universe from which it originated.

They BOTH suck

May 4th, 2012
11:41 am

Poor Boy From Alabama

I think you meant to say that Labor Force Rates have been falling for numerous yrs…….. Maybe a steadier decline since 09 or so, but surely a decline for numerous yrs

Sure you wouldn’t want your argument skewed one way or another

http://data.bls.gov/pdq/SurveyOutputServlet

Adam

May 4th, 2012
11:42 am

JKL2: Oh, and listen to anyone else who follows up behind me and says tat you have to follow the rules (even if you don’t know them). Thanks in advance to you and anyone who follows up that way :D

Steve

May 4th, 2012
11:42 am

I hate Oblama-bozo SOOOOOOOOOOOOOOOO much!

Curious

May 4th, 2012
11:42 am

Where are we going to find all the money for the Nobel Prize winning economists posting here?

JamVet

May 4th, 2012
11:42 am

“so this is how liberty dies”

PREPARE THE FAINTING COUCHES!

(And we’re gonna need a bunch of ‘em!)

They BOTH suck

May 4th, 2012
11:44 am

PB from Alabama

I posted that link because I have read several of your posts and you seem to be very astute and knowledgeable with facts and figures

JKL2

May 4th, 2012
11:44 am

getalife- Our President will run on his record

Which part?

ACA
closing Gitmo
balancing the budget
reducing the deficit
restoring our great name around the world
uniting our country
reducing our dependance on foreign oil

He is doing a good job of making energy costs “necessarily skyrocket”

Adam

May 4th, 2012
11:45 am

“I hate Obama more than I love Jesus”

Steve

May 4th, 2012
11:45 am

I love how the right wingers on here will do anything to spin data. Obama inherits a great recession (look, we ALL know this). And now, whine whine whine whine as the GOP siphons money to the 0.1% (who are getting wealthier) and YOU blame Obama.

Classic. YOU have been punked.

Oblama

May 4th, 2012
11:46 am

Sorry – Tit for Tat…. you are right. Bonnie Fwank went back to his boy friend – the one that got raided for having little boys in his basement. He still was responsible for pressuring banks to make loans to those that could not afford them. Go back to C-Span and watch him railing for the “underprivileged” to get affordable mortgages and his threats of Fed lawsuits against the banks that did not cooperate. Later he also denied this – also on T.V. It got real hot for him and he turned tail and retired to his government pension and healthcare.

Adam

May 4th, 2012
11:47 am

JKL2: ACA
closing Gitmo
balancing the budget
reducing the deficit
restoring our great name around the world
uniting our country
reducing our dependance on foreign oil

This is idiotic. You clearly think every single one of these didn’t happen or weren’t positive, but you would be wrong on a bunch of them. ACA, reducing dependance on foreign oil, and restoring our great name around the world all happened and were positive.

Jay

May 4th, 2012
11:48 am

Adam:

That, and that what we’ve seen is a regression to the mean, with the pre-’08 housing prices that we took as “normal” actually being way out of whack with the historic norm. A lot of people — a lot of allegedly very smart people with impressive degrees and resumes — talked themselves into believing that there were reasons why that a-historical price jump was solid and justified, but ….

… they were wrong.

Oblama

May 4th, 2012
11:49 am

Don’t hate. Just disagree. Have a lovely day!

JamVet

May 4th, 2012
11:49 am

UNCLE, it doesn’t matter what that Republican woman did or did not do.

American Jews never have and never will vote for the quasi-fascist GOP in any significant percentages…

They BOTH suck

May 4th, 2012
11:50 am

“He still was responsible for pressuring banks to make loans to those that could not afford them”

So what exactly did Frank do to the banks that wouldn’t or couldn’t be “pressured”?

Let me guess…….. You will state that every single bank in the US fell in line

hahahahahaha

Poor Boy from Alabama

May 4th, 2012
11:51 am

They Both Suck:

Thanks for the kind words.

No argument about the long term labor force participation rate trend. It’s been falling for a while. I referenced 2009 in my post to provide an apples to apples comparison to some of the numbers that have been posted on this blog today

The percentage of Americans working, however, really did drop of a table around late 2007/early 2008 and has not improved even thought we’ve been in a “recovery” since 2009.

Mighty Righty

May 4th, 2012
11:54 am

Per the Bureau of Labor Statistics, nonfarm employment ending January 2001 was 132,466,000. After 9/11 which brought our country to our knees, shutting down airlines, travel, hotels and the associated industires employment dropped to 130,209,000. Compare to January 2009 nonfarm employment had climbed to 133,531,561. Some economists would argue the economy inherited by Bush, including 9/11 was worse than the economy inherited by Obama. Yet under Bush, the economy added jobs to the tune of nearly 3.5 million. Non farm employment under Obama is still after three years, less than when he was elected plus we are five trillion dollars further in debt. There is no way to put lipstick on this economy to make it look good and distorting it doesn’t make it any better.

JamVet

May 4th, 2012
11:55 am

“Why is it necessary for the BLS to gather a sample by telephone instead of using actual data which is available? I am sure the governemnt can afford a laptop or something to connect live to state unemployment reporting centers. But then they wouldn’t be able to manipulate the data would they?”

First of all, you are welcome for me educating you once again. At no charge, you parasite! (grin)

Secondly why the hell does the manner of data collection matter to you?

You and you dipstick conspiracy theories are absolutely endless.

Are you perchance related to the second gunman on the grassy knoll?

Brosephus™

May 4th, 2012
11:56 am

Bropheus…congratulations on upgrading to the double wide and getting a newer Prius…you are indeed living large (and seem to be better off).

You need a better crystal ball there dude. Don’t live in a double wide, and I don’t drive foreign branded vehicles. I hope you don’t make your living by having to think and guess. That’s probably why you’re worse off now than before. Especially considering the stock market has basically doubled since the low in 2009.

They BOTH suck

May 4th, 2012
11:57 am

PB from Alabama

True…….

What I’m attempting to convey to some on here is that the people falling off rolls and no longer being counted against unemployment numbers is a valid point……… no doubt

With that said, the unemployment calculation hasn’t changed.

When people get into their calculation change theory……… It is almost sad to be honest

Jay

May 4th, 2012
11:57 am

Some economists would argue the economy inherited by Bush, including 9/11 was worse than the economy inherited by Obama.

There is not a single damn economist in the world who would argue that.

What an absurd statement.

JamVet

May 4th, 2012
12:01 pm

Righty,

OMG, you are STILL trying to equate the economic effect of 9/11 with the corporate destruction of capitalism in Sept. 2008?

It is official.

You are hopeless…

Brosephus™

May 4th, 2012
12:01 pm

Jay

They could argue it all day. That still doesn’t make it true. We see that here on a daily basis. People argue all kinds of sh*t that has no truthfulness to it at all.

Steve Atl

May 4th, 2012
12:07 pm

Jay @11:57 – What are your sources? Please state facts. You are responding with emotion. Perhaps that fancy degree from Penn State (obviously an institution that puts a bit more emphasis on football rather than academics) doesn’t allow you to have critical thinking skills.

Joseph

May 4th, 2012
12:08 pm

Jay:

Have you noticed the population increase since the wonderful Reagan years when we had a real leader? How is it possible with the enormous increase in population that we have less people in the workforce? I know you and your ilk simply ignore facts and dwell in a land of fantasy but for a second take a look at reality. Reality is that the labor force is at its lowest level in decades. You even admit that. Where exactly are the 88,419,000 people who are no longer counted? I’ll grant you that some are retired. But not that many. 522,000 were dropped just last month. Where did these people go to not be counted anymore? Its simple math and so simple to explain. Foaming at the mouth liberals like you continue to run around covering your ears simply ignoring the reality that the President has failed…..
You Jay have not arrived at your conclusions via rational thought and facts, and thus you cannot be dissuaded from your conclusions via rational thought and facts.

Brosephus™

May 4th, 2012
12:09 pm

You are responding with emotion.

So sayeth the person who tried to disparage me with his emotional display of the double wide card.

:roll:

Joseph

May 4th, 2012
12:11 pm

Jay:

You certainly could argue that Reagan inhertied a worse economy and turned it around by creating 23,000,000 new jobs… While increasing the workforce I might add….

Steve Atl

May 4th, 2012
12:12 pm

I was being ironical Bropheus…is that your “handle” on Playstation and XBox…is that why you have it trademarked?

They BOTH suck

May 4th, 2012
12:13 pm

Joseph

At your leisure………. peruse this website……..

If you do not like the facts take it up with the Bureau of Labor Statistics

http://data.bls.gov/pdq/SurveyOutputServlet

Even PB from Alabama acknowledges that fact as well,,,,, and he surely isn’t a liberal……… at least that is what I conclude from most of his posts

JamVet

May 4th, 2012
12:13 pm

WOO HOO!

Georgia is not dead last in state unemployment rates!

We’re 44th.

Great job Mssrs. Deal, Perdue, et al!

GT

May 4th, 2012
12:13 pm

Clinton was one of the best presidents ever. He balanced a budget that Gingrich tried to take credit for. Clinton handed that budget to Bush like a teenager with a new car. Bush hands it to O in the ditch and tells him it is his problem to get it out. It ain’t that difficult to follow unless you don’t want to follow it.

GT

May 4th, 2012
12:15 pm

If you took the red states out of this accounting how bad is the Amercian economy?

Brosephus™

May 4th, 2012
12:23 pm

Steve

Don’t do Playstation or XBox. Name’s not trademarked here either. Just did it to keep namejackers at bay….

Also, your attempt at irony failed. I’ve never lived in a mobile home. Also the only non-American vehicle I’ve ever driven was a Nissan Pathfinder, and I bought it for my wife to drive. If it ain’t American, I don’t spend money on it when it comes to vehicles.

Jay

May 4th, 2012
12:31 pm

I’m responding with emotion, Steve?

Here’s your emotion:

In the recession of the early 2000s, we never had two consecutive quarters of GDP decline, which is the classic definition of a recession.

In the Great Recession, we had seven consecutive quarters of decline.

In the early 2000s, GDP fell from its peak by 0.2 percent.

In the Great Recession, it fell by more than 5 percent.

In the tiny little recession at the start of Bush’s term, we lost 2 million jobs.

In the Great Recession at the end of his term, we lost more than 8 million jobs.

Those data come from the Bureau of Labor Statistics and the Bureau of Economic Analysis.

In the end, the early-2000s recession was one of the mildest in the post-war era. The Great Recession was the most serious economic crisis in 80 years.

Joseph

May 4th, 2012
12:36 pm

Even when poor Bookman does try and be honest he simply can’t do it for fear of making Obama look bad…

ken

May 4th, 2012
12:52 pm

Our present government would never cook the books. Would they ???

td

May 4th, 2012
12:52 pm

Jay

May 4th, 2012
10:13 am

Regulation, along with the highest corporate tax rates in the world for doing business inside the country and Obamacare are reasons for corporations not to hire people in this country.

Corporations are in the business to make a profit and to return maximum benefits to its investors. When the cost of doing business is higher in this country due to taxes, regulation, salary and benefits then they are going to go to another country to do business.

This is evident demand for these products by what you and other posters have said about corporate profits are at record levels due mainly to overseas operations. If you want these jobs back in the US then the country will have to make it more profitable for them to do business here then overseas. You can either lower salary and benefits, regulation cost, taxes or the jobs will not come back. That is the bottom line of the way capitalism works in a world economy.

You can spin this

Sheez Louise

May 4th, 2012
1:06 pm

“Romney also criticized Friday’s unemployment report showing a drop to 8.1 percent in April, from 8.2 percent in March. That was partly because more people had stopped looking for work and the number of jobs created was lower than some economists had expected.”

HEADLINE: UNEMPLOYMENT DROPS TO 7.9%! (Cue Romney quote above)
HEADLINE: UNEMPLOYMENT DROPS TO 5.9%! (Cue Romney quote above)
HEADLINE: UNEMPLOYMENT DROPS TO 5%!!! (Cue Romney quote above)

The shallowness and insanity is perpetual with these wingnuts.

Sheez Louise

May 4th, 2012
1:08 pm

Mitt Romney = U.S. version of “Baghdad Bob”

weetamoe

May 4th, 2012
1:20 pm

It coulda been a whole bunch worse; even though the the republican house passed a whole buncha bills, Obama didn’t have a whole buncha time to waste looking at them; that surplus of stimulus money he inherited wasn’t enough to improve the economy because he needed most of it for green energy and a whole buncha stuff like that. And it wasn’t his fault that solyndra and evergreen and a whole buncha things his friends invested in went bankrupt. It coulda worked if the republicans weren’t so stingy. Paul Krugman said he needed to spend a whole bunch more. And Paul Krugman should know, cause he was a highly paid ENRON adviser. But what happened to ENRON was not his fault.

St Simons - we're on Island time

May 4th, 2012
1:30 pm

Man, “job participation numbers” must’ve focus-polled through the roof in that AM hate radio demographic

Casual Observer

May 4th, 2012
1:33 pm

And there is statistical manipulation in the unemployment rate, too. The government’s reported unemployment number doesn’t include people who stopped looking for work, but who want jobs.

You can read this report if you want to get more, but it seems that the only folks that really believe we have turned around are liberals and democrats. Out here in the real world, folks know and understand that more folks have dropped from the job force then have joined. If the number of folks dropping out of the work force are not ‘counted’ in the jobs report, than it would seem to me that the jobs report is missing some key data. Wouldn’t you agree?

http://www.foxbusiness.com/investing/2012/05/02/emac/#ixzz1tvGphZJU

There is that word again…manipulation.

ma·nip·u·late – to adapt or change (accounts, figures, etc.) to suit one’s purpose or advantage.

Know this … the methodology behind generating an unemployment figure has changed. This methodology is determined and implemented by that branch of government know as the Executive Branch. The Executive Branch has a CEO – and that CEO is Barack Obama. If the numbers are being manipulated as others in the media have reported, then don’t you think the CEO would know about it? Maybe he doesn’t…..but I seriously doubt it.

Jay

May 4th, 2012
1:53 pm

Casual, while that Fox link uses the word “manipulation,” it never once even suggests a way in which the Obama administration is doing anything different or calculating figures in any way other than the historic norm.

The whole claim is nonsense. The numbers being reported are the exact same numbers reported in the exact same way that they have been reported under previous administrations.

Casual Observer

May 4th, 2012
1:53 pm

People must be added to the work force at a higher rate than people are dropping out. If they can do that, then I will agree that we have turned the corner.

Until that happens, it is just a bunch of funny math.

ken

May 4th, 2012
1:57 pm

Jay, but we all know it will be 7.999999 in Nov.

Casual Observer

May 4th, 2012
1:57 pm

Well, I don’t know what to tell you Jay. I have heard this argument from more than just a few folks in the media. Maybe through your connections in the media, you can get to the bottom of this. I heard someone on the radio yesterday with almost the exact same story, and was called out here by not having “proof” of what I heard.

If it walks like a duck and smells like a duck, it must be a duck.

Jay

May 4th, 2012
2:03 pm

Reread your own link, Casual. Show me one instance in which Fox offers any evidence of a change in how things are counted or what is counted. If such evidence exists, don’t you think they’d cite it?

They claim manipulation, and then emit a cloud of smoke and dust to hide the fact that no manipulation exists.

Casual Observer

May 4th, 2012
2:04 pm

From a personal stand point, my wife lost her job 6 weeks ago. She was a realtors assistant for 10 years, and worked for a law firm for 15 years before that. She has plenty of administrative experience, but can’t find a single job. The longest she has EVER been out of work is 2 months when I moved from Germany to Indiana. She has not had a single interview, or a single reply via e-mail or phone from the resumes she has sent out. All her associates in the real estate business say there are absolutely no jobs available. She is continuing her search, but not much luck. Folks are struggling out here, and when I hear that the jobs market is getting better, I have seen 0 proof of that, from MY perspective.

Adam

May 4th, 2012
2:06 pm

Steve Atl: Jay @11:57 – What are your sources? Please state facts. You are responding with emotion. Perhaps that fancy degree from Penn State (obviously an institution that puts a bit more emphasis on football rather than academics) doesn’t allow you to have critical thinking skills.

I have a reading recommendation for you:

http://en.wikipedia.org/wiki/Psychological_projection

Casual Observer

May 4th, 2012
2:08 pm

Jay,

Then there must be a whole lot of people out there that are lying.

I am not a butcher, but if the butcher says it is filet mignon, I don’t ask for proof. I take him at his word because between him and me, he is the expert.

0311/8541/5811/1811/1801

May 4th, 2012
2:09 pm

Joseph:

“Even when poor Bookman does try and be honest he simply can’t do it for fear of making Obama look bad…”

That’s one definition of a liberal..

0311/8541/5811/1811/1801

May 4th, 2012
2:10 pm

TaxPayer:

Obama is the one who said “3 years” not me.

Take it up with him.

Adam

May 4th, 2012
2:11 pm

Casual: As I (again) have REPEATEDLY pointed out, the BLS DOES actually measure who has stopped looking for work too, and the percentage of people unemployed for that and every other reason under the sun (except being unable to work at all) is ALSO going down steadily, and even faster than the regular unemployment rate.

There is no manipulation going on here. The only manipulation is being done by those who want to pretend that the unemployment rate isn’t the “real” unemployment rate, count numbers on different months, and/or suggest that other data, such as the labor participation rate, is more important just because it *seems* to look worse.

Jay

May 4th, 2012
2:12 pm

“Then there must be a whole lot of people out there that are lying.

I am not a butcher, but if the butcher says it is filet mignon, I don’t ask for proof. I take him at his word because between him and me, he is the expert.

Fine, Casual. So find me an expert who says they’re manipulating the data. Fox didn’t quote any. Fox didn’t cite any evidence. They just implied it with enough emphasis to convince the willing to believe it.

Casual Observer

May 4th, 2012
2:17 pm

OK Jay…OK. We are at a definite impasse here then. I believe what I believe, and you believe what you believe. Nothing wrong with that. No hard feelings.

Penn State? I am a Buckeye fan. Us Big Ten fans must stick together here….except when it comes to politics :)

Adam

May 4th, 2012
2:19 pm

I believe what I believe, and you believe what you believe

Belief is not fact, and fact is not belief.

Casual Observer

May 4th, 2012
2:24 pm

Adam,

Sorry, not gonna go there with you. I heard what I heard, and I read what I read. Neither you or I are in a position to call ourselves ‘experts’ in the field of reporting and understanding unemployment numbers. If we were, we wouldn’t be wasting our time spinning on a blog. I can not sway your opinion, and you can not sway mine. That is why I “respectfully” disagreed with the host here of this blog.

Jay

May 4th, 2012
2:24 pm

There’s no impasse, Casual.

They either do or do not manipulate. And there is NO evidence of manipulation. You don’t cite any, Fox doesn’t cite any. Nobody cites any, because it does not exist.

Casual Observer

May 4th, 2012
2:32 pm

Jay,

Then I go back to my earlier statement of there must be a lot of editorial writers, columnists, and TV folks who are lying. And as I am sure you know, if the credibility of someone in the public eye is questioned, it could end their career. See Dan Rather and Mary Mapes.

Steve Atl

May 4th, 2012
2:33 pm

Jay…you do know that Santa Claus and the Easter Bunny are not real…right?????

Steve Atl

May 4th, 2012
2:34 pm

No manipulation…you have got to be kidding me…Professional Wrestling and the Tooth Fairy as well…Mr Bookman.

Casual Observer

May 4th, 2012
2:38 pm

Jay,

If the jobs numbers that are being reported is missing data, like the number of people no longer looking for jobs, wouldn’t that be a form of manipulation?

ma·nip·u·late – to adapt or change (accounts, figures, etc.) to suit one’s purpose or advantage.

I think it would.

0311/8541/5811/1811/1801

May 4th, 2012
2:44 pm

“They either do or do not manipulate. And there is NO evidence of manipulation. You don’t cite any, Fox doesn’t cite any. Nobody cites any, because it does not exist.”

Headline: “Obama’s made-up jobless numbers”

http://www.washingtontimes.com/news/2012/feb/5/curl-obamas-made-up-jobless-numbers/?page=all

Headline: “Obama’s True Unemployment Rate is Really 9.9 Percent”

http://townhall.com/columnists/donaldlambro/2012/02/08/obamas_true_unemployment_rate_is_really_99_percent/page/full/

0311/8541/5811/1811/1801

May 4th, 2012
2:45 pm

Casual Observer:

Thank you.

Jay

May 4th, 2012
2:46 pm

No manipulation…you have got to be kidding me…Professional Wrestling and the Tooth Fairy as well…Mr Bookman.

So show me evidence, Steve.

C’mon, step on up with the proof. ANY proof. Any proof at all that the Obama administration is doing anything different than the Bush administration and the Clinton administration, etc., in how it is counting, what it is counting or how it is being reported.

It ought to be easy, right? Then do it.

I'm a "con" and a vet. STOP SPITTING ON ME!!! (That Black Guy)

May 4th, 2012
2:47 pm

UNCLE SAMANTHA

May 4th, 2012
11:12 am
adam
once again you are incorrect

libertarians are even worse

let wall street regulate themselves
let deep sea oil rig builders and operators regulate themselves
housing markerts will self correct
legalize drugs

not a libertarian
____________________________________________________________________________

But but…
You have to be a repub or a libertarian.
You just HAVE to be.

There is no way you can NOT belong to a political party.
We must follow someone’s lead.

WE MUST FOLLOW…

Rickster

May 4th, 2012
2:49 pm

Boy… imagine how bad the employment numbers would be if it weren’t for all those green jobs Obama’s created.

0311/8541/5811/1811/1801

May 4th, 2012
2:57 pm

“So show me evidence, Steve.

C’mon, step on up with the proof. ANY proof. Any proof at all that the Obama administration is doing anything different than the Bush administration and the Clinton administration, etc., in how it is counting, what it is counting or how it is being reported.

It ought to be easy, right? Then do it.”

“They either do or do not manipulate. And there is NO evidence of manipulation. You don’t cite any, Fox doesn’t cite any. Nobody cites any, because it does not exist.”

Headline: “Obama’s made-up jobless numbers”

http://www.washingtontimes.com/news/2012/feb/5/curl-obamas-made-up-jobless-numbers/?page=all

Headline: “Obama’s True Unemployment Rate is Really 9.9 Percent”

http://townhall.com/columnists/donaldlambro/2012/02/08/obamas_true_unemployment_rate_is_really_99_percent/page/full/

Casual Observer

May 4th, 2012
2:57 pm

Jay,

The guy above who uses a whole bunch of numbers for his handle (0311/8541/5811/1811/1801) just provided you with 2 links. I added one earlier that states the same FACTS, and I can dig up a whole bunch more. You keep asking for proof, and we have provided you with it. If you do not believe what these columnists have written, take it up with their managing editor and ask that they either be suspended or fired. Otherwise, you are just pissing in a fan.

Rickster

May 4th, 2012
2:58 pm

That there “green economy” Obama’s always talking about is going to save not just this country… but the whole world!

Adam

May 4th, 2012
3:00 pm

Sorry, not gonna go there with you. I heard what I heard, and I read what I read.

What you’re basically saying here is that as long as someone in the media disagrees with something else in the media, then neither are correct because we are not experts. That’s nonsense, and only a way to try to make yourself gracefully exit.

Facts are facts, and the unemployment numbers are not “manipulated”, as you are asserting. Your only evidence seems to be hearsay, and you rely on the fact that someone simply disagrees with the generally accepted numbers as some sort of evidence that they are being manipulated. Things don’t become a debate just because someone disagrees. No matter how many people think the earth is flat, there is no debate. The earth is round, and that’s just fact. Same with the earth revolving around the sun, the moon reflecting the sun’s light, and the moon affecting the tides. There IS NO DEBATE on things just because someone asserts the opposite.

And, as I already pointed out to Scout, the links he is posting do not prove the point. They, in fact, prove my point – that the numbers are measured the same way all the time and that people are just pulling from the same organization they are trying to say is manipulating things.

The idea that the numbers are manipulated, or that there is somehow a “more real” unemployment number than is measured by the BLS is just nonsense, and I defy ANY OF YOU to prove otherwise.

Casual Observer

May 4th, 2012
3:03 pm

These columnists are using raw data from the Department of Labor to justify their articles. I don’t know what proof you are looking for, but it is really hard to dispute their facts.

Adam

May 4th, 2012
3:03 pm

For example, if in the February 2012 article you assert the “real” unemployment rate is 9.9% in January 2012, then what is it, measured the SAME EXACT WAY, in February, March, and April? Here are your answers:

February 2012: 9.8%
March 2012: 9.6%
April 2012: 9.5%

That’s the U-5 measurement, in case you were wondering. It measures: “Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force”

0311/8541/5811/1811/1801

May 4th, 2012
3:04 pm

Casual Observer:

Thank you.

0311 Infantry
8541 Scout-Sniper
5811 Military Police
1811 Federal Criminal Investigator
1801 Federal Air Marshal

………………………. :o

Adam

May 4th, 2012
3:05 pm

Therefore, to suggest that the unemployment number isn’t “real,” and then post another, higher number, is the REAL manipulation of the existing facts. The entire point of doing that is to get people to think that the unemployment rate is really going up, or being shifted around, or the government is lying to you, or any or all of the above. None of those things are true, and you should be ashamed of yourself for falling for it.

I'm a "con" and a vet. STOP SPITTING ON ME!!! (That Black Guy)

May 4th, 2012
3:05 pm

Adam

May 4th, 2012
11:41 am
JKL2: “so this is how liberty dies…with thunderous applause”

POINT OF ORDER: That line was used as a dig against the BUSH administration. You don’t get to use it to apply anywhere else
______________________________________________________________________________

JKL2, you GOTS to know teh RULZ!!!

Adam

May 4th, 2012
3:08 pm

TBG: JKL2, you GOTS to know teh RULZ!!!

Called it!. Predictable. So predictable….

Casual Observer

May 4th, 2012
3:08 pm

Adam,

I will pose the same question to you as I did to Jay. If the jobs numbers that are being reported is missing data, like the number of people no longer looking for jobs, wouldn’t that be a form of manipulation?

The links to articles that I and others have posted are articles written by columnists. They use raw data from the Department of Labor to base their articles on. Any person with a 2nd grade education can look at the numbers and easily determine that the numbers are in fact being manipulated. If you would take the time to read them, you would see for yourself that there is some fuzzy math going on.

Casual Observer

May 4th, 2012
3:11 pm

Adam
May 4th, 2012
3:03 pm

February 2012: 9.8%
March 2012: 9.6%
April 2012: 9.5%

So, are you saying that these are the real unemployment numbers?

Jay

May 4th, 2012
3:14 pm

Casual, neither of those links contains any evidence whatsoever.

If you cared about the actual truth, rather than trying vainly to defend the indefensible, you would read those stories and recognize that.

Economists take such data very seriously. It is the basis of what they do. If conservative economists believed there was any hint of manipulation in these numbers, they’d be yelling bloody murder, and they’d be absolutely right to do so.

But they don’t make such claims, because there is no evidence of it. None. And op-ed pieces in the Washington Times do not and never will substitute for evidence.

Casual Observer

May 4th, 2012
3:15 pm

Adam,

If the April unemployment number is actually 9.5%, fine. Then the media needs to report that, not 8.1% like they did this morning. All I am saying is report the ACTUAL number.

Casual Observer

May 4th, 2012
3:20 pm

Jay,

So, let me get this straight. These columnists are using REAL RAW DATA from the Department of Labor to base their story on. But you say they have no evidence? Come on man, really? Really???

I think Adam may be on to something with is last post. He opined that April unemployment is 9.5% using the U-5 measurement, which I can assume is the number of unemployed, plus the number of folks no longer looking for work. Adam, is that correct? If that is the case, why doesn’t the media say it is 9.5%, instead of 8.1%?

I'm a "con" and a vet. STOP SPITTING ON ME!!! (That Black Guy)

May 4th, 2012
3:22 pm

Adam

May 4th, 2012
3:08 pm
TBG: JKL2, you GOTS to know teh RULZ!!!

Called it!. Predictable. So predictable….
__________________________________________________________________________

Adam, if you don’t like people calling you out about “TEH RULZ”, then STOP telling other people what they can and can’t say in a post.

As far as your “Called it”, that’s like pizzing in the lobby of a police station and saying “watch me get arrested”

At the very least publish “teh rulz” so you don’t have to tell us when we are breaking one.

kthxbye

Jay

May 4th, 2012
3:24 pm

So, are you saying that these are the real unemployment numbers?

What do you mean by “real” unemployment numbers, Casual? Do you mean the unemployment rate as it has been reported monthly in newspapers and radio and TV and magazines for 60 years or more, the number that has been used as the standard through every administration, Republican or Democratic, in good times or bad? The number that everyone understands as “the unemployment rate” when someone says “the unemployment rate”?

The way that unemployment rate has been counted and reported has not changed an iota.

However, because that unemployment rate is not considered scary or frightening enough, because it has been improving at a rate that is politically inconvenient, conservatives now want to claim that the REAL unemployment rate is another number altogether.

Those other rates are equally valid. They are calculated by the same people who calculate the more generally accepted unemployment rate, using much the same raw data. But those other rates are NOT the rate by which we measured unemployment under Reagan, or Bush, or Clinton, or Bush II. And to claim that by using the standard, generally accepted unemployment rate, the Obama administration is somehow “manipulating” the data is flat out nonsense and a lie.

I’ll take this no further. I have Friday music to post.

Casual Observer

May 4th, 2012
3:24 pm

0311/8541/5811/1811/1801
May 4th, 2012
3:04 pm

Thanks for clearing that up, and welcome home from a US Air Force veteran.

Casual Observer

May 4th, 2012
3:29 pm

Sorry Jay that I upset you. I guess I am just used to the good old days when the “real” unemployment rate was 5-6%, folks weren’t losing their homes, gas was $1.80 a gallon, and generally people were happy. That era that is long gone was referred to as the ‘Bush Years’.

Enjoy your music.

0311/8541/5811/1811/1801

May 4th, 2012
3:30 pm

Casual:

Notice a couple of things here:

1) “neither of those links contains any evidence whatsoever.”

He makes a statement without addressing any of the claims in the articles ………. something he is always accusing others of doing ………… the “denial” thing.

2) He addesses the links I posted but only through YOU.

He won’t debate me anymore because I call ‘em like I see ‘em and he doesn’t like that.

Casual Observer

May 4th, 2012
3:30 pm

I guess Rush was right, to piss off a liberal, just throw facts at them.

Winning!

Steve

May 4th, 2012
3:31 pm

LOL – “The Bush Years” when our economy was propped up by a false mortgage market and war debt.

really????

What about the “Clinton Years” when we actually balanced the budget yet we had boom times?

0311/8541/5811/1811/1801

May 4th, 2012
3:31 pm

Casual Observer:

Ooo Rah !

USMC !

Casual Observer

May 4th, 2012
3:33 pm

0311/8541/5811/1811/1801
May 4th, 2012
3:30 pm

Thanks for your support! Enjoy a cyber-beer….on me.

I also noticed that Adam has not replied.

Casual Observer

May 4th, 2012
3:34 pm

Steve,

Opinions are not facts.

Jay

May 4th, 2012
3:34 pm

I guess I am just used to the good old days when the “real” unemployment rate was 5-6%, folks weren’t losing their homes, gas was $1.80 a gallon, and generally people were happy.

And that “real” unemployment rate that you cite is the very same unemployment rate that today is 8.1 percent, Casual. The same one that we’ve always used.

Thanks for conceding my point.

Casual Observer

May 4th, 2012
3:36 pm

0311/8541/5811/1811/1801

You do realize we just ran Jay off of his own blog.

Where is Thulsa Doom when I need that

B

O

O

M

!

Casual Observer

May 4th, 2012
3:38 pm

Jay,

According to Adam, that sage of facts, it is actually 9.5%. Thank you Adam for conceding MY point.

Steve Atl

May 4th, 2012
3:40 pm

Jay –

Man…oh…man…you are taking a beating…Adam will be back in a few minutes…his Occupy tent wasn’t staked properly and blew across the park. He and his iPad are headed to Starbucks to re-connect and go ahead bashing people that contribute to society.

Steve Atl

May 4th, 2012
3:41 pm

Jay…we were just kidding…come back…please.

Steve

May 4th, 2012
3:42 pm

Here’s some facts for you:

under Obama:

Private sector jobs: Up by 35 thousand
Public sector jobs: Down 608 thousand
Stock market: Up by 64%
And under Bush:

Private sector jobs: Down by 646 thousand
Public sector jobs: Up by 1.7 million
Stock market: Down 24%

http://research.stlouisfed.org/fred2/data/USPRIV.txt

Steve

May 4th, 2012
3:43 pm

Casual – the fact that we had an economy based on a housing bubble last decade is not opinion – it is a fact. Sorry…

Jay

May 4th, 2012
3:45 pm

yeah, Steve.

Those wet noodles you guys wield are so BRUTAL!

Steve

May 4th, 2012
3:45 pm

Casual Observer

May 4th, 2012
3:45 pm

But Obama’s feeble growth rates and tepid job creation are not enough to move unemployment levels to a normal range, economists say.

“The economy must add 13 million jobs over the next three years, 361,000 each month, to bring unemployment down to 6 percent,” says <University of Maryland economist Peter Morici.
http://townhall.com/columnists/donaldlambro/2012/02/08/obamas_true_unemployment_rate_is_really_99_percent/page/full/

Hmmm….6 percent….where have I heard that number before? Oh yeah, it was during the Bush administration.

Steve

May 4th, 2012
3:46 pm

And what was it at the END of the Bush administration, Casual?

Adam

May 4th, 2012
3:51 pm

Casual: While I recognize that you are identifying yourself as not an expert on this, it doesn’t appear you are even interested in really looking at the data and figuring out what it means.

No, I am not saying that measurement is the “real” unemployment number. What I am saying is that measurement is one of 6 measurements the BLS collects data for. And the numbers are calculated the same every time. Just for perspective, here is what the official unemployment number represents:

“Total unemployed, as a percent of the civilian labor force (official unemployment rate)”

The one Scout cites as the “real” one is “Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force”

At this point it becomes “how do you define real?” Because each and every one of these numbers has declined over the past year or more, showing that the unemployment rate is dropping no matter which measurement you use.

If the jobs numbers that are being reported is missing data, like the number of people no longer looking for jobs, wouldn’t that be a form of manipulation?

No, because they report that information too. It is easily available. The official unemployment rate is and always has been the U-3 measurement.

Casual Observer

May 4th, 2012
3:51 pm

6.1% in August of 2008. From what I posted above, the economy must add 13 million jobs over the next 3 years, or 361,000 per month to get the unemployment back down to those levels.

Adam

May 4th, 2012
3:52 pm

I also noticed that Adam has not replied.

Sorry dude, I was upstairs.

Adam

May 4th, 2012
3:55 pm

Casual: At the time you mention as being the time of 6% unemployment under Bush, the U-5 measurement was between 7.1% and 8.0% (increasing)

Casual Observer

May 4th, 2012
3:56 pm

Adam,

My point all along has been that what the media reports and what it actually is are different. If it is actually 9.5%, report that. When I see numbers that are different when reading news on-line, it frustrates the hell out of me. What are we to believe as accurate? I think if folks are given the real numbers, they are less likely to accuse the administration of ‘manipulating’ numbers. I can live with an accurate number much better than being lied to. See my point?

Casual Observer

May 4th, 2012
3:59 pm

Adam
May 4th, 2012
3:55 pm

Casual: At the time you mention as being the time of 6% unemployment under Bush, the U-5 measurement was between 7.1% and 8.0% (increasing)

Then report that number!!! I don’t care who is in office!!! Give me the real numbers, not some polished number to make me feel good.

Casual Observer

May 4th, 2012
4:02 pm

I am not an expert by any means on the unemployment reports, but I would think that most folks out here would like to know the total number of people out of work. Don’t throw in numbers of people kind of out of work, or ‘under-employed’. Give me the actual folks at home, sitting on their couch, not working folks number.

To be honest, your posts on the report have actually educated me a little bit. I did not know there were 6 different reports. No idea what a U5, or U3 report was. I have heard of U2 though, I liked them back in the 90’s.

Boris Badnoff

May 4th, 2012
4:16 pm

If ever I’m am a defendant in a court of law I want The Honorable Jay Bookman as my barrister. If he had been a spokesman for The White Star Line back on April 12, 1912, he would have assured the passengers that The Titanic had decided to sink an iceberg to clear the North Atlantic sea lanes of hazards to navigation and they would have gone back to their rooms and gone back to sleep. I am so reassured by his assessment of the economy that I plan to consume an extra large bowl of gruel for supper tonight topped off by chilled tap water. Does anyone know how to get spider webs out of your wallet?

Adam

May 4th, 2012
4:18 pm

My point all along has been that what the media reports and what it actually is are different. If it is actually 9.5%, report that.

And again, you are missing the point. All of those measurements are equally valid, and not a single one of them is “the real one.” They are ALL real, and they all measure the unemployment just a little bit differently.

Are you even approaching this honestly at this point? You seem to just want “the one true answer.”

Adam

May 4th, 2012
4:19 pm

I am not an expert by any means on the unemployment reports, but I would think that most folks out here would like to know the total number of people out of work

This information is also available at the BLS website if you want it.

Sarah Gee

May 4th, 2012
4:34 pm

This jobs report is terrible news. We need about 180,000 new jobs a month to keep unemployment flat. Our unemployment rate is falling becasue more and more people are discouraged. Labor force participation is at a decades long low.
If Bush were President, this jobs report would be conclusive evidence of a depression. I do remember when Bush was president and the AJC ran stories about how awful 3.2 percent unemployment was. Where are the tear jerking stories of families desperate for work? Of children doing without? Moms forced into menial labor to keep thier families from starving? O yeah, there is a democrat in the white house.

Casual Observer

May 4th, 2012
4:38 pm

Adam,

Where did you get the 9.5%? Honestly, I am trying to understand this, not being a smarta$$.

Tom(Independent-Viet Vet)

May 4th, 2012
4:46 pm

I love the comment about Adam’s occupy tent, very original. Jay, would you ever say anything negative about Obama’s administration, even if it was true! We will NEVER get a true reading of the unemployment picture because of a couple things. Many people have given up looking for work, while others have accepted part-time jobs at lessor pay and benefits. Some cons say it really could be as high as 15-16% if you figure in those factors?? I wish I really knew but probably no administration in power “will tell the whole truth and nothing but the truth”!!

Rickster

May 4th, 2012
4:47 pm

Funny, Jay, I read where the jobless numbers (not the employment numbers but the number of jobless persons) were revised up – for an unheard of 59 of the 60 weeks.

Tom(Independent-Viet Vet USAF)

May 4th, 2012
4:50 pm

Changed my title just a little, hope you guys do not object. USMC guy gets me fired up!!

Jay

May 4th, 2012
5:04 pm

I saw that too, Rick, and it’s not surprising. In an economy changing as swiftly as this one, it’s probably hard to stay on top of it statistically.

Mark in mid-town

May 4th, 2012
5:12 pm

Jay,
There is no way the workforce particpation rate dropped so fast so quickly based on natural forces. Either that number is being manipulated to make the unemployment rate appear less than it is, or that number is not being manipulated. But either way, the news is horrible as even if that number is not being manipulated, that it dropped so much so soon is evidence of something very ominous and not natural going on with the economy. It means that the published 8.1% is very misleading, regardless of whether the workforce participation is being manipulated for political reasons or not.

Sister Sarah

May 4th, 2012
5:12 pm

So I do a little scrolling back and learn this Casual Observer guy is WHINING because the job loss fairy has shown up at HIS doorstep to sprinkle some dust on his old lady. Hey Casual, want some cheese with that whine?? Tell your old lady get off her @$$ and try a little harder won’t ya?? I hear Kroger is running a special on RED BEANS. Hannity swears by their nutritional value and fill potential over some white rice…says you can eat that stuff “for DAYS”!!

Just wondering

May 4th, 2012
6:49 pm

Does the fact that the first wave of boomers,born in 1946, reached early Social Security retirement age in 2008 and are reaching full retirement age in 2012 factor in the participation rate?

Mama Says

May 4th, 2012
8:03 pm

Ok so here’s the bottom line.

If we know that x amount of people have stopped looking for jobs aren’t we really saying that tje unemployment rate amoung the people who are still looking is 8.1%.

Meaning, the truth is we are not truly stating the actual real rate.

Democrat or republican no administration should be allowed to post numbers, or play off numbers that they know are factually incorrect.

The unemployment rate is the rate of people unemployed, looking or not.