November jobs report: much better than expected (politicians, money, state)
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Have you seen this "good" news from the Department of Labor about the past 6 months jobs creations? That 146,000 for this month doesn't make much good sense to me with these numbers floating around.
Friday's report revealed an economy divided in two camps: Service-related businesses, a broad category including retail, health care and other areas, are fueling much of the nation's job growth. Retail employment alone added more than 50,000 jobs last month. However, the goods-making part of the economy—manufacturing and the housing market—didn't contribute to job growth in November. Construction employment fell by 20,000 last month, while manufacturing lost 7,000 jobs. Government hiring was roughly flat, but declined by about 50,000 in October.
There is no WAY the economy, 4 years ago, was so awful that it took him this long to go nowhere. The recession ended in 2009. He's had 3 non-recession years to turn it around. Again, it was in NO WAY to awful that it would take this long to turn it around.
Unless of course you did everything WRONG to fix it. Which he did.
The end of the recession just means we started growing again. It doesn't mean that the economy had been restored to its prior levels.
Many people are still dealing with their loss of wealth that occurred 4 to 5 years ago. There was a huge loss of wealth in 2008 and for some it will take many years to recover.
Have you seen this "good" news from the Department of Labor about the past 6 months jobs creations? That 146,000 for this month doesn't make much good sense to me with these numbers floating around.
Okay, let us assume that to be true. We also know private sector has added 755K jobs in these five months. Based on the claim some of your are running around with (you're not the first to quote the exact link), 755K is only 27% of all jobs created in five months. Using basic math, that translates to 2.8 million jobs in just five months!
"Yes but "working age" doesn't mean "joining the workforce". Half of those turning 18 are WOMEN - and women of CHILDBEARING AGE so some of those woman don't join the workforce right away - they get married (or not) and HAVE A KID. That affects the labor participation rate. You don't have that issue at the far end as people age their way into retirement age - woman that age aren't HAVING KIDS.
In addition, people don't necessarily join the labor market at age 18 (or 16). Many continue on with SCHOOL and only join the labor market LATER - and of those who go to school some never end up joining the labor market at all because (again) some of THOSE are women who end up married (or not) and pregnant. "
Where are you living - the 1950's!! For years now, women are waiting to have kids - hence less employed paying into SS, that has caused such a fuss.
Also, I started working at 16 in retail - before that I had a paper route, babysat, and cleaned houses. Due to the high cost of college, parents unemployed ect... more and more kids are starting to work to save for college, have a little extra for themselves ect..
It would have been wonderful if my 2 boys hadn't had to work and could have just concentrated on school - but that's not the way of the world for the lower and middle class these days.
I live NOW. I never said NO young woman work, but the fact there is ALWAYS a percentage of young mothers who DON'T. According to BLS statistics the number of young mothers who work is between 53.2% and 76.1%. That means that anyone looking at the number of people aging their way INTO the workforce needs to take into account that somewhere between ONE HALF and ONE QUARTER of the young female population will either NOT enter the workforce AT ALL or will LEAVE IT at some point. That's a pretty big chunk of the total people at the younger age of the workforce so either way it means that when you are comparing the young people aging their way into the workforce with the older folks aging their way out of the workforce you can't ignore that fact that those young people aging their way into the "workforce years" include many young mothers who either never actually ENTER the workforce AT ALL or LEAVE IT AGAIN shortly thereafter - and it's roughly 1/4 to 1/2 of those young mothers. That's a pretty big chunk of the new "workforce":
"...Mothers with younger children are less likely to be in the labor
force than mothers with older children. In 2011, the labor force
participation rate of mothers with children under 6 years old
(63.9 percent) was lower than the rate of those whose youngest
child was 6 to 17 years old (76.1 percent). The participation
rate of mothers with infants under a year old was 55.8 percent.
Among mothers with infants, there was little difference in the
participation rate of married mothers (56.9 percent) and those
with other marital statuses (53.2 percent). However, the
unemployment rate for married mothers of infants, at 6.4 percent,
was considerably lower than the rate for mothers with other
marital statuses (24.2 percent)."
And now, folks, the other shoe. 540,000 people dropped from the Labor Force. So you see, it is all a big LIE, 'cause Obama is a big LIAR, and those who support him are huge FOOLS.
Here we have a normal liberal attack of the messenger with not one word about the message. That is one of your favorite methods to cover up anything you can't deal with, isn't it?
146,000 private sector jobs added, unemployment dips to 7.7%.
Analysts were saying that Sandy would have a big negative effect on both numbers. Just think how good they'd be w/o that boat anchor dragging them down. I heard a report on the radio last night on the way home from work that "underlying" economic factors were all looking positive, too. Wish I could remember the details.
Anyway, the recovery seems to be picking up a little steam. Still a way to go, but we're moving forward.
For Christs sake it's the Christmas season and these are temp jobs. Come back in February
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