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Old 10-05-2012, 07:51 AM
 
Location: Greensboro, NC USA
5,436 posts, read 5,394,663 times
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The U.S. economy added 114,000 jobs in September, and unemployment rate fell to 7.8%, exceeding analysts' expectations. For the first time since January 2009 unemployment falls below 8%. Looking good for Obama, looking bad for Romney. This kind of news is what sways voters, not untruthful stage performances at presidential debates.

"The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election Nov. 6."

The report indicates that the rate fell because more people are finding jobs not because people have stop looking for work. Do we want to reverse course now? I don't think so. This news will also take the wind out of Romney's debate win.

Economy creates 114,000 jobs in September, unemployment falls below 8% – CNN Political Ticker - CNN.com Blogs

http://www.cbsnews.com/8301-500395_1...geHero;leadHed
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Old 10-05-2012, 07:54 AM
 
Location: Pluto's Home Town
9,986 posts, read 12,409,614 times
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Nice!
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Old 10-05-2012, 08:01 AM
 
Location: Cape Coral
5,503 posts, read 6,529,590 times
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Quote:
Originally Posted by gsoboi78 View Post
The U.S. economy added 114,000 jobs in September, and unemployment rate fell to 7.8%, exceeding analysts' expectations. For the first time since January 2009 unemployment falls below 8%. Looking good for Obama, looking bad for Romney. This kind of news is what sways voters, not untruthful stage performances at presidential debates.

"The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election Nov. 6."

The report indicates that the rate fell because more people are finding jobs not because people have stop looking for work. Do we want to reverse course now? I don't think so. This news will also take the wind out of Romney's debate win.

Economy creates 114,000 jobs in September, unemployment falls below 8% – CNN Political Ticker - CNN.com Blogs

Unemployment rate falls to 7.8 percent, 44-month low - CBS News
Actually 114,000 new jobs is a pathetic number. On its own it would not move the unemployment rate. You need at least 150,00 new jobs to break even. The rate moved because the government mysteriously revised the past two month's employment higher. The under employed number held steady at 14.2%
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Old 10-05-2012, 08:02 AM
 
25,627 posts, read 32,741,569 times
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You liberals just dont get it do you. Just to keep pace with population growth you need to add about 150,000 to 180,000 NEW jobs each month. That means the reason the unemployement number fell is because more people stopped looking for work and fell off unemployment benefits. That is not BOOMING economy.
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Old 10-05-2012, 08:04 AM
 
Location: Greensboro, NC USA
5,436 posts, read 5,394,663 times
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the trend is that the economy is moving in the right direction. No need to change the driver while we are on the right course
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Old 10-05-2012, 08:07 AM
 
Location: Maryland
18,591 posts, read 17,484,188 times
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Quote:
Originally Posted by gsoboi78 View Post
The U.S. economy added 114,000 jobs in September, and unemployment rate fell to 7.8%, exceeding analysts' expectations. For the first time since January 2009 unemployment falls below 8%. Looking good for Obama, looking bad for Romney. This kind of news is what sways voters, not untruthful stage performances at presidential debates.

"The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election Nov. 6."

The report indicates that the rate fell because more people are finding jobs not because people have stop looking for work. Do we want to reverse course now? I don't think so. This news will also take the wind out of Romney's debate win.

Economy creates 114,000 jobs in September, unemployment falls below 8% – CNN Political Ticker - CNN.com Blogs

Unemployment rate falls to 7.8 percent, 44-month low - CBS News
Still, many of the jobs added last month were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million.

US unemployment rate falls to 7.8 pct. in September, lowest since Jan. 2009; hiring increases - The Washington Post
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Old 10-05-2012, 08:07 AM
 
Location: Pluto's Home Town
9,986 posts, read 12,409,614 times
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Quote:
Originally Posted by Bulldogdad View Post
You liberals just dont get it do you. Just to keep pace with population growth you need to add about 150,000 to 180,000 NEW jobs each month. That means the reason the unemployement number fell is because more people stopped looking for work and fell off unemployment benefits. That is not BOOMING economy.
Agreed. Booming is a bit too rosy of a word. But it is moving in the right direction, if slower than we'd all like. I suspect this is symbolically quite good for Obama though, as it is below 8%, and I suspect it will drop further this month with holiday hiring. Also, I think that other indicators are all pointing the same way, with UE one of the slowest to drop.
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Old 10-05-2012, 08:07 AM
 
Location: right here
4,142 posts, read 5,071,863 times
Reputation: 4905
Quote:
Originally Posted by gsoboi78 View Post
The U.S. economy added 114,000 jobs in September, and unemployment rate fell to 7.8%, exceeding analysts' expectations. For the first time since January 2009 unemployment falls below 8%. Looking good for Obama, looking bad for Romney. This kind of news is what sways voters, not untruthful stage performances at presidential debates.

"The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election Nov. 6."

The report indicates that the rate fell because more people are finding jobs not because people have stop looking for work. Do we want to reverse course now? I don't think so. This news will also take the wind out of Romney's debate win.

Economy creates 114,000 jobs in September, unemployment falls below 8% – CNN Political Ticker - CNN.com Blogs

Unemployment rate falls to 7.8 percent, 44-month low - CBS News


Here's the definition:

Economic boom = A period of significant output within apopulation. The period is marked by productivity increases, sales increases, wage increases and rising demand. An economic boom may be accompanied by a period of inflation

What is economic boom? definition and meaning


So let's see if this "boom" can continue for oh I don't know more than 1 month
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Old 10-05-2012, 08:08 AM
 
Location: Manhattan
1,195 posts, read 741,555 times
Reputation: 442
Quote:
Originally Posted by gsoboi78 View Post
the trend is that the economy is moving in the right direction. No need to change the driver while we are on the right course

Watch the liberal media try a last ditch effort to pick up the fallen empty chair



JOB NUMBERS: MEDIA PRE-SPINS TO ENSURE OBAMA WIN

Obama has failed at absolutely everything he's touched -- the stimulus, foreign policy, cash for clunkers, green jobs, the economy, and most especially job creation. Oh, and he sucks so hard at debating that the best one of the worst flaks in media could do was to attempt to call last night a draw.

Last night's debate loss was huge, which means Obama's Media Palace Guards are desperate to find a win for the President as quickly as possible. Today's new jobless numbers certainly didn’t fit the bill, but tomorrow's monthly jobs report just might. But like I said, Obama sucks at job creation, which is why the media grades him on such a pathetic curve and is already pre-spinning a win.

More than once, on CNN and elsewhere, the media is apparently setting the bar for an Obama job creation-win at a paltry, pathetic 100,000.

"If it's over 100,000 jobs created, that's a win for Obama. If it's under 100,000, that's a loss," a CNN analyst said in so many words earlier today.

to keep up with population growth, the economy needs to generate anywhere from 105,000 to 125,000 jobs a month. If all we do is cover this nut, we're treading water. In order to actually create a net-plus number of jobs, we have to do much better than the 100,000 number
Job Numbers: Media Sets Bart at 100k to Ensure Obama Win Tomorrow
Job Numbers: Media Sets Bar at 100k to Ensure Obama Win Tomorrow
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Old 10-05-2012, 08:10 AM
 
Location: On the border of off the grid
3,179 posts, read 2,835,190 times
Reputation: 863
The numbers are cooked. And Biden tells the truth once again:


Joe Biden: "Yes We Do" Want to Raise Taxes By a Trillion Dollars - YouTube
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