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The 120,000 job growth number was IN ADDITION to any openings created by Babyboomers retiring. It's a net GAIN of 120,000 people employed.
So I'm to assume that you don't consider any of the BUSH years to have shown "robust" job growth either then - since Bush never saw those kinds of numbers either.
Ken
Plus turning the UE Rate around, taking it from 10.2 down to 8.2 so far, is certainly the right direction. If only we could get some of the Tnuts out of the way in Congress, the pace of recovery would speed up significantly. Not just Congress, in the individual States also, starting with Wisc in June.
Plus turning the UE Rate around, taking it from 10.2 down to 8.2 so far, is certainly the right direction. If only we could get some of the Tnuts out of the way in Congress, the pace of recovery would speed up significantly. Not just Congress, in the individual States also, starting with Wisc in June.
Yeah the UE rate is going down but the number of people on food stamps and medicaid is going up.
Plus turning the UE Rate around, taking it from 10.2 down to 8.2 so far, is certainly the right direction. If only we could get some of the Tnuts out of the way in Congress, the pace of recovery would speed up significantly. Not just Congress, in the individual States also, starting with Wisc in June.
Amen. Have I mentioned how much I loathe the Tnuts?
[Unleashes "Dean Scream" of frustration AAAAAARRRRGGGGGGHHH!!!!]
Sending them packing would be a wonderful Christmas present this year.
So the left is overjoyed that the UE rate is going down and no comment on the food stamps/medicaid rate going UP ?
Is that all you are concerned with..a UE number low enough for the President to put a feather in his cap and call it "success" ? Are you not looking at the other stats here which are NOT following the trend of a recovering economy ?
A load of low paying service jobs (full or part time) is not what we want for our future.
So the left is overjoyed that the UE rate is going down and no comment on the food stamps/medicaid rate going UP ?
Is that all you are concerned with..a UE number low enough for the President to put a feather in his cap and call it "success" ? Are you not looking at the other stats here which are NOT following the trend of a recovering economy ?
A load of low paying service jobs (full or part time) is not what we want for our future.
Maybe you should take that up with your Local GOP leadership - since your OWN "Great State of TEXAS" leads the way in Food Stamp usage. In fact more than half of the "Top 10" food stamp states (with the highest percentage of people on Food Stamps) are "red" - not to mention the fact that your own "Great State of Texas" leads the way in the creation of those minimum wage jobs you are referring to.
"Texas has by far the largest number of employees working at or below the federal minimum wage ($7.25 per hour in 2010) compared to any state, according to a Bureau of Labor Statistics report. In 2010, about 550,000 Texans were working at or below minimum wage, or about 9.5 percent of all workers paid by the hour in the state. Texas tied with Mississippi for the greatest percentage of minimum wage workers. From 2007 to 2010, the number of minimum wage workers in Texas rose from 221,000 to 550,000, an increase of nearly 150 percent."
Also, the number of Food Stamp recipients grew more under BUSH than it has under Obama:
"...And they show that under President George W. Bush the number of recipients rose by nearly 14.7 million. Nothing before comes close to that.
And under Obama, the increase so far has been 14.2 million. To be exact, the program has so far grown by 444,574 fewer recipients during Obama's time in office than during Bush's.
It's possible that when the figures for January 2012 are available they will show that the gain under Obama has matched or exceeded the gain under Bush. But not if the short-term trend continues. The number getting food stamps declined by 43,528 in October. And the economy has improved since then."
Yeah, which more or less goes along with what I just posted that the number of new jobs last month was pretty much a "treading water" or "break even" month that didn't represent a lot of change. The UE dropped a bit anyway however because of Babyboomers aging their way out of the workforce. (the U-3 rate dropped 1/10 of a point while the U-6 "real" rate dropped a bit more significantly (4/10 of a point). Not a great month, but not a step backward either. BOTH rates are now back down BELOW where they were during Obama's 1st FULL month in office (Feb 2009) - and falling (though some months faster than others).
I wouldn't put too much weight on that "babyboomers aging their way out of the labor market" argument. An increasing number of babyboomers are staying in the labor market because they can't afford to stop working.
Clearly the recent expectations of a 4th "200,000 new job per month" didn't happen - and in truth it was probably unrealistic to expect it to happen - after all BUSH never saw 4 months in a row of 200,000+ new jobs. The last time it happened was during Clinton's last year (October, 1999 through January, 2000).
All in all, the last 4 months have shown robust job growth (nearly made a 10-year record).
The bottom line is that empoyment follows economic growth. Economists are predicting growth for 2012 to be at or below 2%. That level of economic activity is insufficient to move the unemployment numbers substantially.
Maybe you should take that up with your Local GOP leadership - since your OWN "Great State of TEXAS" leads the way in Food Stamp usage. In fact more than half of the "Top 10" food stamp states (with the highest percentage of people on Food Stamps) are "red" - not to mention the fact that your own "Great State of Texas" leads the way in the creation of those minimum wage jobs you are referring to.
"Texas has by far the largest number of employees working at or below the federal minimum wage ($7.25 per hour in 2010) compared to any state, according to a Bureau of Labor Statistics report. In 2010, about 550,000 Texans were working at or below minimum wage, or about 9.5 percent of all workers paid by the hour in the state. Texas tied with Mississippi for the greatest percentage of minimum wage workers. From 2007 to 2010, the number of minimum wage workers in Texas rose from 221,000 to 550,000, an increase of nearly 150 percent."
Also, the number of Food Stamp recipients grew more under BUSH than it has under Obama:
"...And they show that under President George W. Bush the number of recipients rose by nearly 14.7 million. Nothing before comes close to that.
And under Obama, the increase so far has been 14.2 million. To be exact, the program has so far grown by 444,574 fewer recipients during Obama's time in office than during Bush's.
It's possible that when the figures for January 2012 are available they will show that the gain under Obama has matched or exceeded the gain under Bush. But not if the short-term trend continues. The number getting food stamps declined by 43,528 in October. And the economy has improved since then."
Look at the trend rather than bashing the conservative states you hate so much.
A nation growing more dependent on the government for existence is NOT good no matter which party is in charge.
FWIW ken, Texas also has the highest number of the poorest counties in the US. Guess where those counties are located ? Guess the demographics of those counties ? Guess the education level of the people in those counties ?
Maybe you should take that up with your Local GOP leadership - since your OWN "Great State of TEXAS" leads the way in Food Stamp usage. In fact more than half of the "Top 10" food stamp states (with the highest percentage of people on Food Stamps) are "red" - not to mention the fact that your own "Great State of Texas" leads the way in the creation of those minimum wage jobs you are referring to.
"Texas has by far the largest number of employees working at or below the federal minimum wage ($7.25 per hour in 2010) compared to any state, according to a Bureau of Labor Statistics report. In 2010, about 550,000 Texans were working at or below minimum wage, or about 9.5 percent of all workers paid by the hour in the state. Texas tied with Mississippi for the greatest percentage of minimum wage workers. From 2007 to 2010, the number of minimum wage workers in Texas rose from 221,000 to 550,000, an increase of nearly 150 percent."
Also, the number of Food Stamp recipients grew more under BUSH than it has under Obama:
"...And they show that under President George W. Bush the number of recipients rose by nearly 14.7 million. Nothing before comes close to that.
And under Obama, the increase so far has been 14.2 million. To be exact, the program has so far grown by 444,574 fewer recipients during Obama's time in office than during Bush's.
It's possible that when the figures for January 2012 are available they will show that the gain under Obama has matched or exceeded the gain under Bush. But not if the short-term trend continues. The number getting food stamps declined by 43,528 in October. And the economy has improved since then."
14.7 under eight years of Bush verus 14.2 in less than four years under Obama seems like Obama losses the numbers games. It like looking at unemployment rate just dropping and why it occurred. The numbers enterng the work force was higher than the number created ;so how can that be. But particiaption rate also drop ;lowering the numbers counted as uemployed. In fact the figure that scares many is the particiaption rate is growing to near 50%.There can be various reasons but it also includes those who sat down and are no longer looking for work. Border states also have problems with huge numbers of illegals and then numbers depend on the states popualtion also. One also has to see that even in citizens the state of Texas has alot of growth in people moving to find work. Perhaps just going on numbers some states losing large numbers of citizens because of no work avilable means a shfit that increase the numbers when they find low even mimium wage jobs. that qualfiy for ffod stamps.Texas has had most increase in population numbers but also has 7.2 unemployent rate and the number of jobs last I looked was near 50% of jobs growth in USA.J
Yeah the UE rate is going down but the number of people on food stamps and medicaid is going up.
Yep! It is good that we have those safety nets in place for those in need of the help, huh? It is one of the benefits of living in a civil society.
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