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Old 04-01-2011, 07:33 AM
 
Location: Great State of Texas
86,093 posts, read 69,881,813 times
Reputation: 27519

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I just posted in the other UE thread.

Between March 2010 and March 2011 we've created 1.5 million jobs (230K created by BLS) while 2.3 million came off the UE rolls.

More folks dropped off the rolls than jobs available for them.
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Old 04-01-2011, 07:35 AM
 
Location: Miami, FL
58,451 posts, read 31,862,344 times
Reputation: 9399
Quote:
Originally Posted by Frankie117 View Post
Actually, there was a turn around from -343k to +1.1 million. In fact, the 1.1 million jobs created in a single month in 1983 is a BLS record. That one month in 1983 produced more jobs than all of 2010 combined.
I am glad you mentined. Do you credit that to the democratic congress which was in power back then?

See what I mean about political pandering and credit stealing?
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Old 04-01-2011, 07:40 AM
 
Location: SE Arizona - FINALLY! :D
18,946 posts, read 21,933,320 times
Reputation: 6537
Quote:
Originally Posted by Frankie117 View Post
I love how 1983 is the benchmark of solid drops in unemployment. Who again was president back in those days?

By the way, hate to say it but "told you so" when it comes to extending the tax cuts leading to job growth.
"told you so"
LOL
This is coming from someone who JUST YESTERDAY (LITERALLY) said he expected job growth to remain tepid:

Quote:
Originally Posted by Frankie117 View Post
We probably won't see a robust recover, ala the 1980s, but rather, a slow limp recovery that will likely drag on for years. 9 million jobs were wiped out, and while the stock market has driven corporate profits to record levels, jobs have been slow to return. We need at least a solid 200k each month to really get a solid recovery. In 2010, we did not even break 1 million jobs over those 12 months.
Ken
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Old 04-01-2011, 07:42 AM
 
Location: Southeast
4,296 posts, read 6,115,004 times
Reputation: 1444
Quote:
Originally Posted by LordBalfor View Post
"told you so"
LOL
This is coming from someone who JUST YESTERDAY (LITERALLY) said he expected job growth to remain tepid:

Ken
I said no such thing, I merely stated that we did not even break 1 million jobs in 2010. That is a statement of fact. Since the tax cuts were extended, unemployment has dropped by a full point and quite a few jobs have been added.
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Old 04-01-2011, 07:42 AM
 
Location: Hoboken
19,891 posts, read 15,762,468 times
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Quote:
Originally Posted by Finn_Jarber View Post
I am glad you mentined. Do you credit that to the democratic congress which was in power back then?

See what I mean about political pandering and credit stealing?

The Dems in the House in 1983 deserve credit for going along with Reagan and the Republican Senate. It was no question then that Reagan was driving the agenda in 1983, as it is no question today that the Republican House had it's way with tax policy and is driving the discussion on spending cuts.
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Old 04-01-2011, 07:42 AM
 
Location: Miami, FL
58,451 posts, read 31,862,344 times
Reputation: 9399
Quote:
Originally Posted by LordBalfor View Post
"told you so"
LOL
This is coming from someone who JUST YESTERDAY (LITERALLY) said he expected job growth to remain tepid: Ken
LOL.

I remember who said what last year, and in 2009 when we talked about recovery, so I don't care what these people say today.

Congratulations, you were right.
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Old 04-01-2011, 07:44 AM
 
Location: Southeast
4,296 posts, read 6,115,004 times
Reputation: 1444
Quote:
Originally Posted by Finn_Jarber View Post
I am glad you mentined. Do you credit that to the democratic congress which was in power back then?
Democrats who supported and voted for tax cuts, yes. Not the Liberal Democrats who fought them tooth and nail. They were wrong fight to them then, wrong in 2003, and wrong last December.
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Old 04-01-2011, 07:45 AM
 
Location: Hoboken
19,891 posts, read 15,762,468 times
Reputation: 3123
Quote:
Originally Posted by Finn_Jarber View Post
LOL.

I remember who said what last year, and in 2009 when we talked about recovery, so I don't care what these people say today.

Congratulations, you were right.

LOL, is the recovery you speak of?

The Weakest Post-Recession Recovery on Record (in graphs) - ETFdesk.com - Seeking Alpha

"Charts (from Dave Rosenberg) show that this is the weakest post-recession recovery on record. Anyone starting to question this 70% run up since March '09?"
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Old 04-01-2011, 07:46 AM
 
Location: Great State of Texas
86,093 posts, read 69,881,813 times
Reputation: 27519
But the numbers don't add up...1.5 million jobs for 2.3 million people ?
Are you folks not studying the data that goes into these reports ?
Are you just looking at the headlines ?
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Old 04-01-2011, 07:51 AM
 
Location: Tampa Florida
22,243 posts, read 14,734,919 times
Reputation: 4583
Quote:
Originally Posted by Frankie117 View Post
Democrats who supported and voted for tax cuts, yes. Not the Liberal Democrats who fought them tooth and nail.

They were wrong fight them then, wrong in 2003, and wrong last December.
Keeping the tax cuts in place for the 98%, certainly helps the jobs area. Keeping the cuts for the 2% certainly helps the stock markets and Bankers.
The UE number is about the 98%, going down, but slow. The DOW is about the 2%, going up, rapidly.
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