With 200,000 new jobs, jobless rate falls to 7.8%
According to the Bureau of Labor Statistics, the unemployment rate fell to 7.8 percent in September after a gain of 114,000 jobs. That’s the lowest jobless rate in 44 months.
The fall in the jobless rate was accelerated by the discovery of 86,000 new jobs that had gone uncounted in July and August, for a total of 200,000 previously uncounted jobs.
That pattern suggests that September’s numbers may be revised upward as well. In an improving economy, as this one seems to be, monthly BLS stats typically undercount job creation because jobs appear in places they weren’t necessarily looking.
Moreover, the sharp decline in the unemployment rate is NOT due to a decline in those in the workforce. To the contrary, the BLS reports, “The civilian labor force rose by 418,000 to 155.1 million in September.”
In other words, a better economy is drawing people back into the job market to look for work. The average wage rose as well.
– Jay Bookman
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382 comments Add your comment
Jay
October 5th, 2012
9:51 am
No name-calling ZoSo.
Lord Help Us
October 5th, 2012
9:51 am
Romney just dropped like a rock on intrade…
Mick
October 5th, 2012
9:51 am
The cons had the day in the sun yesterday but now they have been eclipsed by some truth and good economic data…carry on…
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
9:51 am
“Another class act. Dropping the F bomb constantly.”
yes. yes, I am a class act.
which is why you can’t keep up
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:51 am
Then why is he trying to keep defense contrctors from issuing notices ByeMe?
Perhaps you’re the one who should do the reading. The notices MUST go out 60 days before a potential layoff. If the defense department were going to do those layoffs starting Jan 1 because of the sequestered budget cuts, they would be required to send them November 1. But defense has said that even with the cuts they need to make, they will wind down programs throughout the year instead of all at once on Jan 1. So the WARN notices would be wrong. That’s what the White House “advised” them when queried about the potential for Jan 1 layoffs.
So, yeah, maybe you need to read up on the subject.
ZoSo
October 5th, 2012
9:51 am
My comment is awaitng moderation after this ditz calls me a poo flinging monkey. Have a good day.
Whatever.
Brosephus™
October 5th, 2012
9:52 am
USinner @ 9:47
If he saw some of the stuff that the “government” seized before it could enter the market, he wouldn’t have said that. Whether he realizes it or not, that big, bloated, evil government keeps him from eating stuff that would make him sh*t out his entire intestinal trac. He might want to go back and look at the amount of imported food again…
ZoSo
October 5th, 2012
9:52 am
See my last post Jay.
Steve-USA "None of the Above"
October 5th, 2012
9:52 am
Jeez….my grammar has been awful lately.
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:52 am
No name-calling ZoSo.
It’s ok, I’ve been using “poo-flinging monkey” this morning for those people who are just looking to see what will stick when they throw out their nonsense. Zo So is one of them, since he didn’t understand his talking point.
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
9:53 am
““The problem I’m finding is that fewer people now get my obscure references from 1970.””
ohmygawd, YES!!!
Jm
October 5th, 2012
9:53 am
Mick
Of course OH unemployment would be higher without the auto bailout
What’s your point? You think governors are powerless?
Lib whining about Deal is irrelevant then I suppose.
Rabbit hole exit….
They BOTH suck
October 5th, 2012
9:53 am
Jay
Give Jm a little attention. Say hello or something.
‘
When you burped him last week by giving him some attention he was ok for a few days, but it has wore off. Seems his colic is back and he probably needs to change his diaper
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:53 am
Waiting for Ben or Joseph to roll in with their poo.
Tealiban Party
October 5th, 2012
9:54 am
Steve-USA “None of the Above”
October 5th, 2012
9:37 am
Jay – “Just took a look out of curiosity: In Ohio, the jobless rate has fallen from 10.6 to 7.2 percent in the last three years.”
And a state that benefited from the Auto bailout. Imagine if That is fantastic. What party is the Governor?
So what’s the excuse for Georgia?
ZoSo
October 5th, 2012
9:54 am
Maybe somebody on here can answer the question as to why Obama is trying to stop the notices instead immediately attacking me persoanlly.
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
9:54 am
“If he saw some of the stuff that the “government” seized before it could enter the market, he wouldn’t have said that. Whether he realizes it or not, that big, bloated, evil government keeps him from eating stuff that would make him sh*t out his entire intestinal trac”
hey – I say that all the empty-headed numpties that are all for a “free market” should be allowed to go to a warehouse somewhere and spin the wheel, buy those products … put their $$$ where their big, fat piehole is.
They BOTH suck
October 5th, 2012
9:54 am
Jm
So what exactly has the Governor done in OH and tell us exactly how jobs can be attributed to his actions?
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:54 am
You think governors are powerless?
some sure act that way.
getalife
October 5th, 2012
9:55 am
jm,
Don’t worry.
mitt will say it it 8.8% to make you feel better.
alex
October 5th, 2012
9:55 am
1/2 of ohio moved to atlanta, the unemployed 1/2….an empiric statement born from a morbid bias of dubious intellectual curiosity……let’s see “we should GO TO OHIO TO GET A JOB”, HMMM, methinks papa johns is hiring drivers……Ah Cleveland is so beautiful and QUIET, NO traffic,idealic…
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:55 am
Maybe somebody on here can answer the question as to why Obama is trying to stop the notices instead immediately attacking me persoanlly.
Doubt it was Obama “personally”, but maybe if you read what I wrote it you could educate yourself Young Man… instead of flinging poo to see what will stick.
Jm
October 5th, 2012
9:56 am
“no name calling”
Jay’s a comedian. A weak one, but one nonetheless.
TaxPayer
October 5th, 2012
9:56 am
Will Republicans finally start to question Mitch McConnell’s master plan and just say no to him.
ZoSo
October 5th, 2012
9:57 am
You are a dolt ByteMe. Look at the story instead of making up crap. Don’t bother warning me about name calling because I’m out.
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:57 am
no name calling
And really, I didn’t know if he was using “Jerk Off” as a noun or a verb.
Goldie
October 5th, 2012
9:57 am
and the Cons’ heads will be exploding today — LOL!
They BOTH suck
October 5th, 2012
9:57 am
Jm
Doesn’t like the numbers. He wouldn’t be talking about any governor had the numbers went to other way.
It would be his typical crying diatribe about Obama
DownInAlbany
October 5th, 2012
9:57 am
But, the numbers don’t add up, even if you use your 200,000 number! IF 200,000 jobs were created (I’m being generous), how did the number of unemployed people drop by 450,000? Sooo, what happened to the other 250,000 people? The math doesn’t work here, folks.
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:57 am
Look at the story instead of making up crap.
How about you look further than the one story to find out what the law is and why it might not apply here.
Regnad Kcin
October 5th, 2012
9:58 am
“Romney just dropped like a rock on intrade…”
Actually, has a slight bump over the last 10 days or so – up to $3.10 from about $2.50. That means those who put their money where their mouth is think Romney is up to a 31% chance of winning…
Adam
October 5th, 2012
9:58 am
Here’s the tally so far, from the BLS:
January 2009:
Total nonfarm: 133,561,000
Private: 110,985,000
Government: 22,576,000
Federal: 2,790,000
State: 5,198,000
Local: 14,588,000
February 2009:
Total nonfarm: 132,837,000
Private: 110,260,000
Government: 22,577,000
Federal: 2,795,000
State: 5,188,000
Local: 14,594,000
Adjusted to January 20, 2009 (Subtract Jan 2009 from Feb 2009, multiply by 11/31 days, “add” that number to the Feb 2009 total to get a decreased amount from the Feb numbers – making Obama responsible from “day one” but not before that on average numbers)
Total nonfarm: 133,304,097
Private: 110,727,742
Government: 2,791,774
Federal: 2,795,000
State: 5,194,452
Local: 14,590,129
Differences:
From January 2009 (the one most people measure by):
Total nonfarm difference: -61,000
Private difference: +514,000
Government difference: -575,000
Federal difference: +24,000
State difference: -129,000
Local difference: -470,000
From February 2009 (first full month in office):
Total nonfarm difference: +663,000
Private difference: +1,239,000
Government difference: -576,000
Federal difference: +19,000
State difference: -119,000
Local difference: -476,000
From January 20, 2009 (based on averaging the January 2009 numbers):
Total nonfarm difference: +195,903
Private difference: +771,258
Government difference: -575,355
Federal difference: +22,226
State difference: -125,452
Local difference: -472,129
State and Local governments are dropping workers, Federal is barely adding them, but the private sector is BOOMING.
Jm
October 5th, 2012
9:58 am
ZoSo 9:54
No they can’t. They’ve already lost the argument.
getalife
October 5th, 2012
9:58 am
cnn is depressed after announcing it to.
Imagine how low it would be if the passed our President’s jobs plan.
Mick
October 5th, 2012
9:59 am
jm
Just like we would have 33k more good paying jobs in tampa if it wasn’t for gov rick “the disaster” scott cancelling the high speed train. Instead, california picked up the 2.2 billion – what a dork…
Brosephus™
October 5th, 2012
9:59 am
USinner
I would pay top dollar to see that. Even if they charged me extra to watch them suffer some of the results. Hopefully, the enterprising capitalist who sold the tickets would use some of the profits to aid their health care bills to keep them from mooching off of everyone else.
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
9:59 am
“That means those who put their money where their mouth is think Romney is up to a 31% chance of winning…”
you sure do know how to bring the party
Regnad Kcin
October 5th, 2012
9:59 am
“Jeez….my grammar has been awful lately”
Be nice to her – you’ll be old some day yourself…
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
9:59 am
how did the number of unemployed people drop by 450,000?
A good question. One possible answer: a rising stock market makes it easier for some people not to want to work, so they are not considered “unemployed” any longer.
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
10:01 am
Brocephus – I’m really not kidding. All these people who LOVE to talk about how the gummint is keeping them down, how the gummint doesn’t do anything right … let them go shopping, dining, etc in a “regulation-free zone”
the good thing is that, at least they’d be weeded out of the population
Doggone/GA
October 5th, 2012
10:01 am
Looks like ZoSo couldn’t stand being treated with the “respect” he deserved
Lord Help Us
October 5th, 2012
10:01 am
‘That means those who put their money where their mouth is think Romney is up to a 31% chance of winning…’
That’s good odds…538 has him at around 15% chance…
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:02 am
Can you “short” Romney… or do you have to buy Obama? On Intrade, I mean
ITS ALL BUSH'S FAULT
October 5th, 2012
10:03 am
Jay, you know the CONS want everyone to believe the sky is falling and armageddon is on the horizon You are going to make their heads explode with this good news… lol
Welcome to the Occupation
October 5th, 2012
10:04 am
Poor Mitt! That librul media came along and manufactured another story to change that intolerable narrative of the Mitt upsurge!
Steve-USA "None of the Above"
October 5th, 2012
10:04 am
“how did the number of unemployed people drop by 450,000?”
I am to lazy to look it up but I believe the number of baby boomers retiring and leaving the job market each month is pretty high. That could be a partial explanation.
…..or I could be totally wrong because this is outside my area of expertise.
DannyX
October 5th, 2012
10:05 am
The good ol’ days…
September 2008, 432,000 net jobs lost.
phil
October 5th, 2012
10:05 am
Wow. Quite funny. Those numbers keep getting revised to look better. Who could have predicted that? LMAO…
Adam
October 5th, 2012
10:06 am
FiveThirtyEight has Obama at 87.1% chance of winning, 51.6% popular vote, Romney with 12.9% chance of winning.
As polls come in for post-debate, this MIGHT change to 80%, 51%, and 20%, respectively.
I’m shivering in my boots.
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:07 am
Romney: ‘This Is Not What A Real Recovery Looks Like’
Oh, really? So what does a “Real Recovery” from a credit crisis look like, sir?
ITS ALL BUSH'S FAULT
October 5th, 2012
10:07 am
Maybe Robme got the moochers and victims motivated enough to go get jobs…. LMAO
larry
October 5th, 2012
10:07 am
I wonder if those numbers of unemployed, including long-term unemployed……. included Romney himself.
I can’t believe people want to elect an unemployed person.
They BOTH suck
October 5th, 2012
10:07 am
Steve @ 9:50
Agreed 100%. I am of the contention that we are in for slow to moderate job growth for several yrs. Consumer spending accounts for 70% of the economy, however consumer debt levels are very high. Starting to come down, but still very high.
Romney or Obama imo will not be changing that landscape in quick fashion. As the consumer debt levels start to go down and people are able to spend more, we will then start to see more job growth.
alex
October 5th, 2012
10:07 am
@alittlecommonsense, Mark Twain was quoting Benjamin Disraeli(sp?), yes, Jay the same Disraeli of Disraeli gears the outstanding Cream album of the 60’s. Now for the rest of the story…mulitivariet equations….
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:07 am
Those numbers keep getting revised to look better. Who could have predicted that? LMAO…
Hashtag being invented now: #BLStruthers
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
10:07 am
“Wow. Quite funny. Those numbers keep getting revised to look better. Who could have predicted that? LMAO…”
and are aligning with ADP – a private company.
getalife
October 5th, 2012
10:08 am
The one next month should be better.
Now , let’s vote out the gop congress to prove he is not a one term President but their terms are up.
Brosephus™
October 5th, 2012
10:08 am
Jay
If I can offer a suggestion or two for your lead into FNM, I’d like to throw these two suggestions out there.
Based on Romney’s performance in the first debate, I think we witnessed a moment in time that will likely not be seen again. A politician did a complete makeover of his entire campaign overnight.
http://www.youtube.com/watch?v=l3fZuW-aJsg
We can’t say we were not warned ahead of time though as his campaign gave us a heads up to watch for the Etch-A-Sketch moment. His campaign should see if they can get approval to use this at every campaign stop now. People bought it, so they may as well enjoy it and dance.
Another song that came to mind as a result of the debate and responses afterwards comes from a classic movie being sung by a great actor. Most of us get that sugar buzz when we eat a lot of sweets, and that performance was a factory load of sugary treats being handed out to the trick-or-treaters in order to get them to “like” the candidate.
http://www.youtube.com/watch?v=r2pt2-F2j2g
Listening to Romney’s responses and attacks during the debate made me think of that song. He seemed like he was peddling the things that people would like, but I don’t think America is thinking about the stomach ache that follows eating a crapload of sweets at one sitting.
DannyX
October 5th, 2012
10:08 am
The high Republicans were on yesterday turned out to be a placebo high.
Romney 2012- “I was completely wrong.”
Jm
October 5th, 2012
10:08 am
FWIW
2 things- Romney signs and stickers proliferating here in SFL
Overheard 2 women discussing the debate during lunch yesterday. She was clearly disenchanted with Obama, but she wasn’t going to vote for Romney, no way no how. The other woman replied with a lot of unhums. Couldn’t tell her views.
Romney still has lots of work to do winning more women’s votes.
Ol' Timer
October 5th, 2012
10:08 am
This crap has got to stop! It cannot be allowed to continue!
The Republican/Tea Partyers in the Congress have got to do something to reverse this trend!
Put on the brakes. Quick!
Gridlock! Gridlock! Criticize! Scrutinize! Monopolize! Ostracize! Minimize! Simonize!
Ya’ hear me, this improvement in the economy has got to stop immediately.
We only have two more months to go. He’s running out of incarnations. Do somthing quick!
Mary Elizabeth
October 5th, 2012
10:09 am
This is wonderful news and, now, the unemployment rate has fallen under 8%. Those who wanted the economic recovery to occur faster may not have fully understood the depths of the near depression that this nation has sustained.
I would put my money on a president who has helped to move this nation in the right direction, rather than on one who simply asserts, well, that he would accomplish even more. “Talk is cheap,” if you will. Moreover, Romney’s assertions of self-promotion must be analyzed more closely, yet, for their actual validity.
Krugman: “The question now is whether the revelation that he (Romney) was making stuff up matters. Is our system shallow enough — and in particular, are our media so much into appearances rather than reality — that it’s OK to lie to win an argument, with no further consequences?
Time will tell.”
http://krugman.blogs.nytimes.com/2012/10/04/a-test-of-the-system/
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:10 am
Overheard 2 women discussing the debate during lunch yesterday. She was clearly disenchanted with Obama, but she wasn’t going to vote for Romney, no way no how. The other woman replied with a lot of unhums.
Old women or young?
alex
October 5th, 2012
10:10 am
That is IF people have not changed their spending, saving habits, but then again, if you can lease a bemmer, get an adjustable mortgage and send you kid to a public school, why save…..sheeesh
DownInAlbany
October 5th, 2012
10:11 am
“how did the number of unemployed people drop by 450,000?”
I am to lazy to look it up but I believe the number of baby boomers retiring and leaving the job market each month is pretty high. That could be a partial explanation.
how did the number of unemployed people drop by 450,000?
A good question. One possible answer: a rising stock market makes it easier for some people not to want to work, so they are not considered “unemployed” any longer.
Why not simply admit that the math doesn’t work, that the numbers are in fact a lie? This admin will do anything to get re-elected. Why not admit it?
TaxPayer
October 5th, 2012
10:12 am
Shouldn’t Republicans be happy to see the job growth.
Jay
October 5th, 2012
10:12 am
The job truthers are out!
Here’s a tweet from Jack Welch — yes THE Jack Welch of GE fame:
“Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers”
When reality does not conform to your wishes, I guess you just invent a conspiracy to explain it all away. But to see someone of Welch’s stature stoop to such nonsense tells you just how deep and desperate this is getting.
Goldie
October 5th, 2012
10:13 am
remember Cons, Mitt has been running for Prez for the past 7 years, so he knows a thing or 2 about how it feels to be unemployed — bwaaaa! The only difference is he’s got his $$$ stored safely overseas where he can’t even contribute to the economic progress of America — way to go, Cons, supporting that freeloader!
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:14 am
Why not simply admit that the math doesn’t work, that the numbers are in fact a lie?
Or, why not admit that you don’t know and go look it up on the BLS site yourself? Their methodology and numbers — you know, math — are wide open for examination. bls.gov.
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:14 am
But to see someone of Welch’s stature stoop to such nonsense tells you just how deep and desperate this is getting.
He joined the ranks of cranky old coot years ago.
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
10:14 am
“But to see someone of Welch’s stature stoop to such nonsense tells you just how deep and desperate this is getting.”
he’s a republican – what do you expect?
Jm
October 5th, 2012
10:14 am
Byteme 10:10 I’d say early 40’s
-poo flinger
Brosephus™
October 5th, 2012
10:15 am
I am of the contention that we are in for slow to moderate job growth for several yrs.
Hell, I said that years ago. We don’t have the job infrastructure to power our way out of this recession. Up until the 80’s, we had the means to manufacture our way out of a recession. That didn’t require us to spend money, we only had to build stuff to sell to the rest of the world. Since the 80’s, we’ve had nothing but “jobless” recoveries which means that every time we lost jobs in a recession, we never truly brought them back.
Steve-USA "None of the Above"
October 5th, 2012
10:15 am
DowninAlbany – “Why not simply admit that the math doesn’t work, that the numbers are in fact a lie? This admin will do anything to get re-elected. Why not admit it?”
My apologies. I didn’t realize your question was sarcasm. I was actually trying to have a discussion and answer your question with a possible reason.
getalife
October 5th, 2012
10:15 am
romney finally admits his 47% comment was “completely wrong” but did not apologize.
Now, he should apologize for his “terrorist sympathizer” attack on our President now that we have troops in Libya.
As far as the media and the debate, I think I wrote enough about that.
Welcome to the Occupation
October 5th, 2012
10:15 am
Mary Elizabeth: “I would put my money on a president who has helped to move this nation in the right direction”
How is a steady erosion of high-paying jobs and an increase in low-wage, temporary jobs “moving this nation in the right direction”?
Goldie
October 5th, 2012
10:15 am
For the right-wingnuts, it’s all about the Chicago conspiracy! And the Kenya conspiracy, of course! LMAO!
Verbal Kint
October 5th, 2012
10:16 am
So, less jobs created in September compared to August. August is now less jobs created than in July (after the revisions). Is that a good trend?
This is still the worst jobs recovery in decades. GDP growth is less than 2%, manufacturing has lost more jobs than any sector, yet we see an increase in what…..PT jobs. Yea. I’m convinced this President is doing things right.
Goldie
October 5th, 2012
10:16 am
Mitt connecting with the little people and doing his race-baiting, saying: “who let the dogs out???”
Mick
October 5th, 2012
10:16 am
Funny how last month when the jobs report came out obama was being hammered by the numbers and no one was questioning their validity. Now, when the number of unemployment drops, well then what’s going on here? Is the fix in or is it just another snapshot of the general trend? This country is ping pong…
Obama is over
October 5th, 2012
10:17 am
U6, which is the employment statistic that institutional investors watch, is unchanged at 14.7%. 600,000 of the 873,000 new jobs are part time reflecting continuing business hesitation to hire because of Obama policies. The headline of an unemployment rate drop to 7.8% may seem positive, but the reality is that more people who need and want to work full time are having to accept part time jobs because that is all that is available.
ATLien
October 5th, 2012
10:17 am
The Right’s Perspective
Employment numbers tepid
“Obama has no plan, he can’t create jobs, he’s not good for America, let’s take the country back”
Employment numbers stronger and unemployment falls to the lowest level in 44 months
“Obama made these numbers up. Its a conspiracy between the President and the Bureau of Labor Statistics, you can’t believe these numbers. He’s horrible for America”
Its clear that those on the right don’t want what’s best for America. They want the country to stagnate and regress for political expediency. The Jobs Act was proposed in Sept 2011 which could have buffeted all of these statistics but guess what happened to that. Just think of what could have been achieved with out the obstructionist Republicans in Congress
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:17 am
I’d say early 40’s
So not quite dead yet
It’s an interesting anecdotal data point. When someone goes “um hum” when they have a chance to agree or disagree, it’s always passive-speak for “I completely disagree but I don’t want to have to jump out of my chair and beat the crap out of you, so I’ll just nod and wait until it passes.”
East Lake Ira
October 5th, 2012
10:18 am
The same Jack Welch that fudged the books at GE?
Smarmy, sleezy, six sigma a-hole.
http://www.forbes.com/2009/08/04/ge-immelt-sec-earnings-business-beltway-ge.html
Keep Up the Good Fight! (and only seeing conned poutrage)
October 5th, 2012
10:19 am
Here’s a tweet from Jack Welch — yes THE Jack Welch of GE fame: “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers”
But…but…but… who needs evidence before you allege conspiracies.
Peadawg
October 5th, 2012
10:19 am
http://politicalticker.blogs.cnn.com/2012/10/05/unemployment-rate-below-8-but-romney-says-not-enough/?hpt=hp_t1
Jay
October 5th, 2012
10:19 am
“Why not simply admit that the math doesn’t work, that the numbers are in fact a lie? This admin will do anything to get re-elected. Why not admit it?
Because before you make a charge of corruption on the scale that you claim, you need at least a TINY bit of evidence. And you have none.
THAT is why.
Seriously people. This is just basic stuff here. Romney has a lot of conservative economists at his beck and call. If these numbers had been tinkered with, don’t you think they’d be yelling about it at the top of their lungs?
You people are just crying “WITCH!! WITCH!!” in an irrational attempt to explain things that scare you and that you do not understand.
Welcome to the Occupation
October 5th, 2012
10:19 am
Jack. Effing. Welch.
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:19 am
This is still the worst jobs recovery in decades.
It was also the worst credit crisis since 1929… and the recovery has been better, because the response didn’t have to wait 3 years until the Republican president was finally voted out of office… only had to wait 4 months instead.
DannyX
October 5th, 2012
10:20 am
“Hell, I said that years ago.”
Me too. In fact 4 years ago I said on this blog that whoever was elected, McCain or Obama, would have a difficult time being re-elected because the recession we were in was so bad a quick recovery was out of the question.
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
10:21 am
“U6, which is the employment statistic that institutional investors watch, is unchanged at 14.7%”
having worked as a financial analyst for an institutional investor, I can honestly tell you … no they bloody well don’t.
they look at the exact same stats you look at.
ByteMe - Thugs vs. Ilk... in 3D!
October 5th, 2012
10:21 am
In fact 4 years ago I said on this blog that whoever was elected, McCain or Obama, would have a difficult time being re-elected because the recession we were in was so bad a quick recovery was out of the question.
I said the same thing. “Be careful what you wish for” when you wish to be President as the country enters a credit crisis.
Keep Up the Good Fight! (and only seeing conned poutrage)
October 5th, 2012
10:21 am
You people are just crying “WITCH!! WITCH!!” in an irrational attempt to explain things that you scare you and that you do not understand
And how do we know she’s a Witch?
mike
October 5th, 2012
10:22 am
And…the number of people who applied for and were granted permanent disability benefits over the last three years, has gone up by how much?
Many people who have been laid off are never planning on working again now that they are being taken care of by the taxpayers. That is part of why this number is dropping.
I live in a small community in north Ga. and we have almost 14%.
Jm
October 5th, 2012
10:22 am
Re Welch
My buddies in the distressed housing biz are pretty sure Obama is trying to boost housing in the runup to the election by holding back Fannie and Freddie foreclosure inventory
The fix is on, and you’re a fool if you think otherwise
The fix may fail, but they’re running every play they can
I don’t know whether they’ve games unemployment, but I wouldn’t put it past them
PinkoNeoConLibertarian
October 5th, 2012
10:22 am
Gotta love the people concerned about the party affiliation of the Ohio governor. So the logic is this…if the unemployment rate is UP, it’s all Obama’s fault. But if it’s DOWN, it’s due to the governor of that state?
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
10:23 am
“they look at the exact same stats you look at.”
and what stats are they, you may well ask:
CPI (both headline and core)
Unemployment
Service and Manufacturing growth
Factory orders
Construction
Keep Up the Good Fight! (and only seeing conned poutrage)
October 5th, 2012
10:24 am
My buddies in the distressed housing biz are pretty sure Obama is trying to boost housing in the runup to the election by holding back Fannie and Freddie foreclosure inventory
Told you that in the checkout line at the Whole Foods did they?
TaxPayer
October 5th, 2012
10:24 am
If only Obama would create more of those solid permanent home construction jobs like Bush did… sigh…
USinUK - not very ladylike (and former Girl Scout)
October 5th, 2012
10:24 am
“if the unemployment rate is UP, it’s all Obama’s fault. But if it’s DOWN, it’s due to the governor of that state?”
see: Georgia