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Actually you've got it wrong, the only bad jobs in our economy were the overpaid, legal drones and and college trained paper pushers and number crunchers who really added nothing of value to our economy and added layers of paperwork, red tape and legal BS. That these jobs have been weeded out is a god's end and gives us hope for the future . Those low wage brome pushers, hamburger flippers or Amazon warehouse persons are at least adding some if only a little value to the great American economy.
I can go back to June/July 2009 for similar superficial optimistic headlines. Eventually the optimism might be justified. Not yet.
The economy shed hundreds of thousands of jobs every month that year. There's no way you can compare it to 2014. Right-wingers want things to stay 2009-2010 bad forever, but at some point you have to accept that things have improved steadily since then.
Somehow this is bad news. Just wait for a republican to enlighten us on as to why that is.
No this is good news. I just don't want liberals claiming the 7.2 million who gained health insurance by getting new jobs. Those same libs claimed the ACA is working.
It's always been about jobs. Frankly it doesn't matter who is President.
People thought Clinton was all great because of roaring 90s economy. But Clinton left us in a small recession when Bush 43 took over. And the early 2000s was a roaring economy.
Bush 43 obviously left Obama in a huge hole as well.
Looking at last months its likely they were right about weather slowing things now like employment.Not really surprising seeing what it did so many places in construction trades and such. But of course it transfer planned hiring to this month. Even GDP lacking shows the effect as well as housing starts. Seems we have hit the original FED goals in unemployment to continue going off life support.
The CNN report I read just now noted that it will still take a while to get down to the '4 to 5 percent' unemployment rate that we had prior to the recession.
However, I rather bet that 6 percent will become the new norm. As detailed in many financial articles over the past six years, many corporations took 'advantage' of the recession to get rid of superfluous jobs (including work that could now be done by computers, jobs shipped overseas, etc). Many government agencies (mine included) are now able to get the work done with fewer people. The backbone of middle class jobs, manufacturing, is still dwindling (I recall when steel mills employed several hundreds of thousands of people). Of course, on the plus side, we Baby Boomers are getting old, and there will be a steady and increasing demand for health care workers.
Anyway, I shall now step aside so we can have the usual explanations (as alluded to by Winter) as to why a falling unemployment rate actually means the number of people unemployed is skyrocketing.
Baloney. If there is 6%+ unemployment, there is room for MORE COMPANIES to be created and absorb those workers. This country cannot afford to have 6%+ enemployment forever. Someone has to pay to keep the leeches fed. It sounds like it is time to lock the borders and put a 10 year moratorium on ANY immigration to this country until every able bodied American is employed.
“The number of long-term unemployed (those jobless for 27 weeks or more) declined by 287,000 in April to 3.5 million; these individuals accounted for 35.3 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has decreased by 908,000,” the press release stated... during the first three months of 2014, nearly 1.3 million people had poured into the labor force.
The economy shed hundreds of thousands of jobs every month that year. There's no way you can compare it to 2014. Right-wingers want things to stay 2009-2010 bad forever, but at some point you have to accept that things his ve improved steadily since then.
Exactly!! This great news proves that stopping the unemployment extensions was smart. The slight cut to food stamps has helped the economy. The Cruz government shutdown did no damage. More cuts to welfare handouts are now due. The fact that everything Is back on track means we don't need to have so many on unemployment or welfare including food stamps. No more "stimulus" needed.
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