What happened to all of the doom and gloom economic threads?

[RobDownSouth]

"In the weakest recovery since the Great Depression, more than four-fifths of the reduction in unemployment has been accomplished by a dropping adult labor force participation rate — essentially persuading adults they don't need a job, or the job they could find is not worth having," said University of Maryland economist Peter Morici.

Wall Street economists had been expecting the Bureau of Labor Statistics report to show 170,000 new jobs created and the unemployment rate holding steady at 8.2 percent.

The unemployment rate, which estimates the total percentage of jobless Americans but does not count those not actively looking for work, was last this low in January 2009, when President Obama took office. Total job creation, though, remains narrowly negative for the president and likely will be a contentious issue as Obama seeks a second term.

- Also, I might add, gas prices were a little bit, just a little bit lower when O'bama took office......my, how well we're doing these days!

As I suspected, you're getting your "Acc-cent-chew-ate the Negative!" talking points from a right wing editorial.

One has only to look at the graph below to see that you specious "jobs down" claim is intellectually fraudulent.

http://thinkprogress.org/wp-content/uploads/2012/05/apriljobschart.jpg

 

[mercury14]

"In the weakest recovery since the Great Depression, more than four-fifths of the reduction in unemployment has been accomplished by a dropping adult labor force participation rate — essentially persuading adults they don't need a job, or the job they could find is not worth having," said University of Maryland economist Peter Morici.

It's most heavily influenced by the explosion of retirees from the baby boomer generation retiring. Conservatives never mention this fact. In fact they go out of their way to hide it. Gotta blame Obama no matter what... Even if ya gotta blame him for retired senior citizens not trying to find jobs!

Wall Street economists had been expecting the Bureau of Labor Statistics report to show 170,000 new jobs created and the unemployment rate holding steady at 8.2 percent.

Don't forget they revised Feb's job numbers up +19k and last month's job numbers up +34k. I mean it's right there in the BLS report, last paragraph. How come you aren't mentioning this in your analysis?

The unemployment rate, which estimates the total percentage of jobless Americans but does not count those not actively looking for work, was last this low in January 2009, when President Obama took office. Total job creation, though, remains narrowly negative for the president and likely will be a contentious issue as Obama seeks a second term.

Discouraged workers are tracked in the BLS report as well. Their number is about the same as a year ago and is slightly lower as an overall percentage compared to 1 year ago. Again, this is right there in the BLS report for you to read.

- Also, I might add, gas prices were a little bit, just a little bit lower when O'bama took office......my, how well we're doing these days!

Because we were in the gutter of the recession losing 600,000 jobs per MONTH and demand for oil was going down the toilet. Now that's not the case.

Oil is a commodity strongly influenced by the futures market. What part of this do you not understand?

 

[mercury14]

As I suspected, you're getting your "Acc-cent-chew-ate the Negative!" talking points from a right wing editorial.

One has only to look at the graph below to see that you specious "jobs down" claim is intellectually fraudulent.

It takes serious dedication for them to turn increasing private sector jobs and decreasing public sector ones into a bad thing.


http://empowerwithpr.files.wordpress.com/2010/04/spin.jpg?w=300&h=198

 

[busybody..]

Yup, just like Reagan

http://pjmedia.com/instapundit/wp-content/uploads/2012/05/EmployRecApril2012-600x389.jpg

 

[busybody..]

HEH: Obama Campaign Celebrates Disappointing April Jobs Report. That’s BuzzFeed’s headline, not mine. Plus this: “It may have fallen short of economists’, but the Obama campaign’s Tumblr says, ‘Holler for 26 straight months of job growth.’ Also, they have a tag for ‘holler.’” Of course they do.

We have a holler president, and a holler presidency.

 

[4est_4est_Gump]

Is the party over, or is this just a brief intermission for the logistics song?



The oil markets seem to think the economy is cooling down.



I KNOW! Ann's WARDROBE!!!

 

[4est_4est_Gump]

Typical Misdirection

To come to Obama's aid, the headline screams "Government is getting smaller."

But, they don't mean the Federal Government.

It's still growing...



http://www.nytimes.com/2012/05/05/b...-off-the-charts.html?_r=1&partner=rss&emc=rss

"We know that the number of government jobs has been increasing steadily, and that the number of applicants is increasing still more rapidly than the number of jobs. … Is this scourge about to come to an end? How can we believe it, when we see that public opinion itself wants to have everything done by that fictitious being, the state, which signifies a collection of salaried bureaucrats? … Very soon there will be two or three of these bureaucrats around every Frenchman, one to prevent him from working too much, another to give him an education, a third to furnish him credit, a fourth to interfere with his business transactions, etc., etc. Where will we be led by the illusion that impels us to believe that the state is a person who has an inexhaustible fortune independent of ours?
Frédéric Bastiat

 

[Beco]

It's most heavily influenced by the explosion of retirees from the baby boomer generation retiring. Conservatives never mention this fact. In fact they go out of their way to hide it. Gotta blame Obama no matter what... Even if ya gotta blame him for retired senior citizens not trying to find jobs!

Don't forget they revised Feb's job numbers up +19k and last month's job numbers up +34k. I mean it's right there in the BLS report, last paragraph. How come you aren't mentioning this in your analysis?


Discouraged workers are tracked in the BLS report as well. Their number is about the same as a year ago and is slightly lower as an overall percentage compared to 1 year ago. Again, this is right there in the BLS report for you to read.

Because we were in the gutter of the recession losing 600,000 jobs per MONTH and demand for oil was going down the toilet. Now that's not the case.

Oil is a commodity strongly influenced by the futures market. What part of this do you not understand?

I seriously doubt that retirees are causing the shrinking work force.

 

[4est_4est_Gump]

I seriously doubt that retirees are causing the shrinking work force.

"Businesses aren’t investing in the United States because of a lack of consumer demand, International Paper CEO John Faraci said Friday.

“I think this was all about consumer spending and demand. You know, the problem we have is there’s inadequate demand to create jobs. We know how to respond when there is demand,” he said on CNBC’s “The Kudlow Report.” "
http://finance.townhall.com/columni...5/06/why_businesses_arent_investing_in_the_us

 

[TexasWife25]

I seriously doubt that retirees are causing the shrinking work force.

Why?


Is it so hard for you to imagine that because of the economy many in the baby boomer generation are choosing to retire, rather than stay in the work force?

 

[Beco]

Why?


Is it so hard for you to imagine that because of the economy many in the baby boomer generation are choosing to retire, rather than stay in the work force?

Its the economy that is keeping people FROM retiring.....!!!!

Im not saying it isnt out there, but the shrinking workforce is caused by many factors.

 

[TexasWife25]

Its the economy that is keeping people FROM retiring.....!!!!

Im not saying it isnt out there, but the shrinking workforce is caused by many factors.

I agree that you cant say shrinking workforce is based on any one thing.

 

[mercury14]

Typical Misdirection

To come to Obama's aid, the headline screams "Government is getting smaller."

But, they don't mean the Federal Government.

It's still growing...

Did you even read your own link? Nowhere does it say that the number of government employees is growing at either a state or local level.

But it doesn't matter because that figure is meaningless since it doesn't account for private contractors. During the Bush years Republicans crowed about the shrinking number of federal workers and purposely ignored the fact that many were simply being shifted to contractors - or contractors were added without eliminating any government jobs. That counted as cutting government payroll.

The fact is the number of federal contractors exploded during the Bush years mostly surrounding the wars - but in other areas as well. I spent a few years being one and our numbers were legion.

It's pure deceit by Republicans to ignore contractors in their government payroll comparisons... But that's not going to slow them down is it?

 

[mercury14]

Its the economy that is keeping people FROM retiring.....!!!!

Im not saying it isnt out there, but the shrinking workforce is caused by many factors.

I was watching a segment on McNeil Lehr the other day about this very thing. They said what happened is that the baby boomers hit retirement age right as the recession hit, however since their retirement portfolios weren't worth anything due to the market crash they just kept working. Plus some retirees came out of retirement to avoid living off their depressed investments. This led to a temporarily inflated workforce since nobody could afford to retire.

Then when the market bounced back we had a flood of retirements from those who had been holding back, combined with an ever-quickening pace of boomer retirements as we're getting closer to the bulk of that group crossing age 65.

Does this seem reasonable to you?

 

[busybody..]

Its ALMOST funny how the NIGGER defenders have so dumbed themselves down

as you hear Democrats and members of the media insisting that an unemployment rate of 8.1 percent isn’t that bad — ignoring how much of the drop from the peak is driven by Americans ending their job searches and leaving the workforce — recall how they greeted economic times that look positively bountiful compared to our current state:

House Minority Leader Nancy Pelosi, December 21, 2002: “This is a crisis.” Unemployment rate at that time: 6.0 percent.

The New York Daily News, 11/2/2003:


The good news that economic growth leaped from June through September runs smack up against the miserable realities of a 6.1% U.S. unemployment rate and a state jobless rate of 8.8%. Until those figures drop, there is no cause for celebration in the streets. Count reviving the national economy as one mission that President Bush hasn’t accomplished.

Letter from Nancy Pelosi and Tom Daschle to President Bush, November 20, 2003:


American workers are weathering the effects of an economy where there is only one job for every three individuals searching for a job.

The Boston Globe, March 6, 2004:


In a statement issued from his Washington, D.C., campaign headquarters, Senator John F. Kerry of Massachusetts, the presumptive Democratic nominee for president, said the latest employment figures show that President Bush has “over-promised and under-delivered” on job growth.

The unemployment rate at that time: 5.6 percent.

November 2006:


Pelosi was not to be outdone, however, firing back at the president who she claimed had “the worst jobs record since the Great Depression,” in spite of Friday’s news that the October jobless rate fell to 4.4 percent, the lowest it has been in more than five years.

 

[mercury14]

Its the economy that is keeping people FROM retiring.....!!!!

How is this the case? If you were 66 years old and had your nest egg squared away, what aspect of the economy is going to keep you from retiring right now?

 

[busybody..]

A must read for NON NIGGERZ

http://www.zerohedge.com/contributed/2012-18-05/treasury-fudges-numbers

All the numbers are BS!

 

[busybody..]

Yet ANOTHER post the NIGGERZ will not read

Four Years of Obama Undoes Eight Years of Reagan
http://cdn.ricochet.com/var/ezwebin_site/storage/images/media/images/labor-force-rate/1904768-1-eng-US/Labor-Force-Rate_large.jpg

Wow this graph really says it all.

The Labor Force Participation Rate shows what percentage of people are working, looking for a job and not looking for a job. It is a better yardstick to measure the workforce in America than is the usually cited "unemployment rate" which doesn't count people who are so frustrated they stopped looking for a job.

The graph shows a huge upswing in labor participation through the Reagan years. George H.W. Bush, Bill Clinton and George W. Bush kept the numbers up in Reagan territory. Since Obama has taken over, he has wiped out the entirety of the Reagan gains.



NIGGER

OM

ICK

S

 

[koalabear]

As I suspected, you're getting your "Acc-cent-chew-ate the Negative!" talking points from a right wing editorial.

One has only to look at the graph below to see that you specious "jobs down" claim is intellectually fraudulent.

http://thinkprogress.org/wp-content/uploads/2012/05/apriljobschart.jpg

What third grade class made the graph, maggot.

 

[Beco]

2 trillion bloated budget and all we get is 150,000 jobs....can you say, door very much open for Romney as President? Even Obama had to be shaking his heard, his policies didnt work.

No president gets elected with unemployment abovt 8%, gonna be fun this fall....and I'm not talking about HBO new series

 

[mercury14]

2 trillion bloated budget and all we get is 150,000 jobs....can you say, door very much open for Romney as President? Even Obama had to be shaking his heard, his policies didnt work.

No president gets elected with unemployment abovt 8%, gonna be fun this fall....and I'm not talking about HBO new series

How come you ignore questions posed to you when they don't fit the narrative you want to hear?

 

[NeverEndingMe]

How come you ignore questions posed to you when they don't fit the narrative you want to hear?

Merc, refusing to live in the real world. happy in his obama world, traveling down the river denial while sipping the "juice"

 

[NeverEndingMe]

2 trillion bloated budget and all we get is 150,000 jobs....can you say, door very much open for Romney as President? Even Obama had to be shaking his heard, his policies didnt work.

No president gets elected with unemployment abovt 8%, gonna be fun this fall....and I'm not talking about HBO new series

why would obama create jobs in America?

 

[unsunglycx]

The Best You've Ever Seen

http://*****/aA3Zy

 

[busybody..]

NIGGERZ need not worry


LABOR FORCE DISAPPEARS IN OBAMA’S DEPRESSION: “The big news in Friday’s employment report was not the miserable 115,000 jobs the economy added in April, but the disappearance of 340,000 workers from the labor force. We haven’t seen unemployment on this scale since the Great Depression,” David P. Goldman writes, adding, “If you’re not scared, you haven’t read the numbers.”

No wonder the president might be feeling a bit lonely these days.