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1) 7.7% has been reached before during the recovery, and unemployment has been +/-0.2% from 7.9% for the past six or so month. It's wobbling, not falling.
2) The labor force participation rate is dropping and now at a record low of 63.5%. That means that fewer people are even in the workforce and actively looking for work, artificially lowering the unemployment rate.
3) Job growth in 2012 through now has been lower than 2010 and 2011 on a monthly basis. February seems to be an aberration. It is highly inconsistent with little sustained momentum. BLS is also constantly revising stats; look at monthly net changes in employment and you'll see that they flop around from good to bad to good to bad again. On an annual basis, it's consistently a meagre 1.5% or so, which is pretty low.
The economy isn't particularly improving under Obama, but rather being painfully slow in its recovery. And don't expect any of these policies to change that.
Obama is on the road to sealing his legacy as one of the greatest leaders in American history. Even Lincoln had his detractors but is now considered one of the greatest. 50 years from now Obama will be in the club with the greatest of the great, maybe even on our currency. Go Obama!
1) 7.7% has been reached before during the recovery, and unemployment has been +/-0.2% from 7.9% for the past six or so month. It's wobbling, not falling.
2) The labor force participation rate is dropping and now at a record low of 63.5%. That means that fewer people are even in the workforce and actively looking for work, artificially lowering the unemployment rate.
3) Job growth in 2012 through now has been lower than 2010 and 2011 on a monthly basis. February seems to be an aberration. It is highly inconsistent with little sustained momentum. BLS is also constantly revising stats; look at monthly net changes in employment and you'll see that they flop around from good to bad to good to bad again. On an annual basis, it's consistently a meagre 1.5% or so, which is pretty low.
The economy isn't particularly improving under Obama, but rather being painfully slow in its recovery. And don't expect any of these policies to change that.
I agree. That's why we need George W. Bush back in the White House. The economy was humming perfectly fine in 2008....why did we ever replace Bush? Dubya is the best president the US ever had.
I agree. That's why we need George W. Bush back in the White House. The economy was humming perfectly fine in 2008....why did we ever replace Bush? Dubya is the best president the US ever had.
Yeah, and he'd show that North Korea a thing or two also.<heavy>
I agree. That's why we need George W. Bush back in the White House. The economy was humming perfectly fine in 2008....why did we ever replace Bush? Dubya is the best president the US ever had.
Dubya nearly destroyed this country. He completely wrecked the economy and destroyed our nation's respect abroad by starting a pointless war in Iraq. Obama has saved our country and restored it to its former greatness! All hail our great, glorious leader!
Money to Petrobras for deep water oil drilling while banning rigs from the same area Petrobras explored
Obama's threshold is set so low all he has to do is breathe and his supporters pile on the accolades.
Obama has done more to keep the economy down, jobs recovery at bay and the loss of medical insurance for far more than he pretended to help.
It is delusional to link Obama to increased job growth with no evidence of any cause and effect. Theoretical numbers and novel reference points cannot hide a failing economy and disasterous job loses especially among minorities.
I'm sure Detroit will love to hear the latest jobs news. there will be rejoicing in the streets.
How many jobs were killed by obama's EPA and misdirected 'investments' in solar energy?
Any job increase that may be real is temporary and minimum wage jobs.
Oh Barry, that's wondeful work, you are so impressive!
I love how we have this thread going on while we also have a thread titled something like if you can't find a job blame corporations and not the government.
Seems like all the bases have been covered.
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Money to Petrobras for deep water oil drilling while banning rigs from the same area Petrobras explored
