Employers add 248,000 jobs in September (FBI, health care, crimes, myth)
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Yeah, October of 1983 was a statistical fluke that was a result of roughly 700,000 jobs that SHOULD have been credited to August 1983 instead being lumped into September 1983's numbers. The result is that during a trend when job creation had been ramping up from 200,000+/month to 400,000+/month in June through July, August suddenly saw a DECREASE of 308,000 jobs (700,000 less than it should have shown). No economist in their right mind thinks there was an actual decrease that month - let alone a decrease of that size. What happened was instead of -308,000 jobs, August likely had an actual increase of about 400,000 jobs (meaning it was short by 700,000 jobs) and September actually had an increase of 400,000 some jobs as well rather than the 1.1 million September ended up having recorded (September was overstated by the 700,000 jobs that had been left out of the August number).
Still a VERY GOOD period for Reagan - no doubt about it, but the 1.1 million number is not reflective of reality - not even close (as was the case in the -308,000 number he had in August).
As far as this month numbers go- they are very good indeed, and continue an ongoing trend of gradual improvement across the board. It's especially good that so many of the jobs are both full-time and in in the decent-paying "professional services" sector.
Ken
Agreed, there is no need to inflate Reagan's numbers, for whatever reason you may want to cite, we had a real economic boom, and it lasted for twenty years. The problem is that Bush era led us into a dramatic fall, and the era of is Obama is utterly incapable of climbing out of it.
We are currently stuck in a very poor economic slump, even with pumping over $10 trillion into the US economy, from multiple stimulus, about $8 trillion in federal deficit spending, and the federal reserve pumping about $5 trillion with all the quantitative easing.
The US is the only country that has recovered much from the recession. Japan is still in the doldrums, Europe is a mess, and China continues to sputter.
No its not.. its allowing a free market enterprise to do its thing on its own. Economies have ALWAYS recovered by nature, thats what happens.. But free market and "greed" encourage people to recover which brings up the nations economy as a whole.
Its amazing to me that liberals want to undo the very best mechanism in america which has created more wealth than any other nation in the world, simply because the small minority on the bottom arent capable of doing it on their own.
The US is the only country that has recovered much from the recession. Japan is still in the doldrums, Europe is a mess, and China continues to sputter. The dollar is king again, US energy is cheap, and the jobs are coming back. Another win for Obama.
Krueger said that "since the Affordable Care Act passed, 90 percent of job growth has been in full-time positions." The statistics show that 87 percent of the increase in jobs between March 2010 and July 2013 consisted of full-time jobs. A shorter time frame would show the opposite pattern, but on the numbers, Krueger is right. We rate the claim True.
Japan remains in the economic netherworld that it has been in for last couple decades no matter what statistic you want to highlight. Most of that is due to an aging population that was not replaced with births that has resulted in low consumption and other competitive factors. The US is the brightest star in the economic sky right now and that is indisputable.
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Quote:
Originally Posted by pghquest
Mostly part time..
working more, average hourly wages DOWN..
Record low participation rate.. 62.7%
Real unemployment rate = 11.8%
just the facts
"Real Unemployment" was 15.1 in February 2009, so its still dropped 3.3% since he took office.
TheParticipation rate isnt at a record low, and even if it was, it has been dropping since 1999, not really something you can attack President Obama for since it has spanned 3 Presidents.
Also average hourly pay is based on the idividual, someone making $0 isnt averaged in , so when they start a new job at say $9 an hour, they actually bring the average down even though they entered the work force and make more than they did.
Your just facts are both lies and misconceptions on your part.
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