joe. and jobs.

[rae121452]

A couple of weeks ago, the latest monthly jobs report offered great news: The U.S. economy added more than 500,000 jobs in October and the unemployment rate improved to a 19-month low. For those concerned about the strength of the economic recovery, the data created new confidence.

The Republican National Committee, however, didn't quite see it that way. Sure the job the numbers were encouraging, but, the RNC said, the news followed months of "bad jobs reports."

All of which led to an important follow-up question Republicans have been reluctant to answer: "What bad jobs reports?" The Washington Post ran an important piece on this overnight, with a headline that read, "The government dramatically underestimated job growth this summer."

What the public didn't see was a bunch of news stories saying, "Never mind those bad headlines; we didn't realize until later that the job totals were actually great after all."

Democratic Sen. Brian Schatz of Hawaii added this morning, "I guess I'm not exactly sure why what's happening isn't being characterized as a booming recovery from a worldwide shutdown."

The senator's point is sound: The U.S. economy has already created 5.8 million jobs this year — far above any year in recent memory — and it's currently on pace to finish 2021 with nearly 7 million jobs created this year.

By any fair measure, that's a success story Americans can and should feel good about, headlines and RNC press releases based on incomplete preliminary job totals notwithstanding.

 

[pecksniff]

A couple of weeks ago, the latest monthly jobs report offered great news: The U.S. economy added more than 500,000 jobs in October and the unemployment rate improved to a 19-month low.

Encouraging so far as it goes -- but how many of those were you-want-fries-with-that kinda jobs?

 

[butters]

with the infrastructure deal being signed into law this week, i'd say america's winning

 

[CornusKousa]

with the infrastructure deal being signed into law this week, i'd say america's winning

That will almost ALL go into the pockets of the rich.

America is getting fucked......

 

[pecksniff]

That will almost ALL go into the pockets of the rich.

Only in the sense that all the work will be done by private contractors, as is always the case.

You'd like it better if there were government-run construction companies?

 

[butters]

Only in the sense that all the work will be done by private contractors, as is always the case.

You'd like it better if there were government-run construction companies?

private construction companies, a whole lot more union (better pay, better terms and conditions) jobs sounds like everyone involved should be happy with this outcome

 

[oggbashan]

The UK also has more people in work than in recent years and many unfilled job vacancies.

The UK is recovering as well, but now we are worried about inflation with the price of fuel rocketing...

 

[pecksniff]

The UK also has more people in work than in recent years and many unfilled job vacancies.

The UK is recovering as well, but now we are worried about inflation with the price of fuel rocketing...

Bet now you wish you'd never let go of your MENA colonies!

 

[KeithD]

with the infrastructure deal being signed into law this week, i'd say america's winning

But the Republicans and the board Trumpettes are losing, so, of course: Swiftboating.

 

[oggbashan]

Bet now you wish you'd never let go of your MENA colonies!

Nope. We've lent some to the US like Diego Garcia.

 

[pecksniff]

Nope. We've lent some to the US like Diego Garcia.

Is there oil there?

 

[oggbashan]

Is there oil there?

Mo. It is little more than a US Air Base, close to the Persian Gulf.

 

[pecksniff]

Mo. It is little more than a US Air Base, close to the Persian Gulf.

That at least explains why we would want it.

 

[jomar]

That will almost ALL go into the pockets of the rich.

America is getting fucked......

Same opinion if trump had got it done?

 

[Lazaran]

Same opinion if trump had got it done?

Well we know what happened after the traitor in chief's tax policy directly contributed to the massive increase in wealth among the billionaire class. The Deplorables got on their knees and kissed his fat orange ass and sucked his tiny orange toadstool.

So yeah.........

 

[CuttingEdge]

It really was not job creation though...

They shut down the high unemployment payout from the Covid era and thus people HAD to go back to work. As one woman said on TV, "How can I pay my bills on what they are now paying for unemployment?"

That is exactly it Honey, unemployment compensation is a stop-gap emergency measure, not a means to get through life. You go out and get a job!

It was never really job creation, it was a reduction of socialism that got people working at jobs that had been vacated.

 

[KeithD]

What's happening is that employers are capitulating to paying a living wage and that's drawing people back to work. Most people want to work. It's just a pile of rightist crap, carrying water for billionaires who do less work than those on the line, that people don't want to work. They want to work. They want to be paid a living wage, though, and that includes being able to cover their child care needs--children they are raising to clean billionaire's butts down the road when billionaires no longer can take care of themselves or need a nurse.

A benefit of the pandemic is that it's giving folks previously in subpay work leverage to make pay for work more equitable. The unemployment rate is going down because in order to get workers back on line, employers are having to pay them better. Good. They can take the extra money out of the bonuses CEOs get for spending their time figuring out how they can avoid paying any taxes.

 

[Champakian]

Don't take the appearance of a good report (politically)
for the overall picture of the actual job market/economy.

https://www.bls.gov/news.release/pdf/empsit.pdf

The exception does not prove the rule (a beloved fallacy here).

Has there been some improvement?
I'll give you that, but it is one of circumstance
as we recover from the hysteria of the pandemic and life,
for the average citizen, seeks a state of normalcy lost for over a year.

If the Democrats had not kept on insisting that the temporary remain a permanency,
we would have had this natural comeback six months ago.

That's the real tragedy behind all of this.
Politics trumped Science.
Power corrupted.