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Fri Sep 7, 2012, 08:34 AM

US economy creates 96,000 jobs but figure disappoints

Source: BBC News

"The US economy created 96,000 jobs in August and the jobless rate fell to 8.1%, official figures from the Bureau of Labor Statistics show."

Read more: http://www.bbc.co.uk/news/business-19519037



MSNBC commentators (even Joe Scar!) say Obama now has a MAJOR TAILWIND!!!

102 replies, 12873 views

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Reply US economy creates 96,000 jobs but figure disappoints (Original post)
Surya Gayatri Sep 2012 OP
Stuckinthebush Sep 2012 #1
Surya Gayatri Sep 2012 #7
Roland99 Sep 2012 #28
Surya Gayatri Sep 2012 #29
Roland99 Sep 2012 #32
Surya Gayatri Sep 2012 #34
SlimJimmy Sep 2012 #49
glacierbay Sep 2012 #61
Surya Gayatri Sep 2012 #86
Surya Gayatri Sep 2012 #85
SlimJimmy Sep 2012 #95
Surya Gayatri Sep 2012 #99
Surya Gayatri Sep 2012 #94
hughee99 Sep 2012 #66
Surya Gayatri Sep 2012 #100
totodeinhere Sep 2012 #74
Surya Gayatri Sep 2012 #89
demosincebirth Sep 2012 #41
former9thward Sep 2012 #45
Roland99 Sep 2012 #69
demosincebirth Sep 2012 #83
Roland99 Sep 2012 #87
demosincebirth Sep 2012 #102
Surya Gayatri Sep 2012 #90
1StrongBlackMan Sep 2012 #58
Roland99 Sep 2012 #70
1StrongBlackMan Sep 2012 #79
Surya Gayatri Sep 2012 #91
SlimJimmy Sep 2012 #97
liberallibral Sep 2012 #37
demosincebirth Sep 2012 #42
coalition_unwilling Sep 2012 #46
SlimJimmy Sep 2012 #50
coalition_unwilling Sep 2012 #51
SlimJimmy Sep 2012 #53
dkf Sep 2012 #56
1StrongBlackMan Sep 2012 #64
dkf Sep 2012 #67
1StrongBlackMan Sep 2012 #75
Surya Gayatri Sep 2012 #98
demosincebirth Sep 2012 #60
coalition_unwilling Sep 2012 #72
1StrongBlackMan Sep 2012 #62
coalition_unwilling Sep 2012 #71
Mr.Bill Sep 2012 #77
Setsuna1972 Sep 2012 #2
Surya Gayatri Sep 2012 #5
Surya Gayatri Sep 2012 #31
still_one Sep 2012 #3
Surya Gayatri Sep 2012 #6
geckosfeet Sep 2012 #17
Surya Gayatri Sep 2012 #23
1StrongBlackMan Sep 2012 #65
dipsydoodle Sep 2012 #24
nobodyspecial Sep 2012 #4
dkf Sep 2012 #59
Botany Sep 2012 #8
Surya Gayatri Sep 2012 #9
Botany Sep 2012 #14
Surya Gayatri Sep 2012 #21
JoePhilly Sep 2012 #10
Surya Gayatri Sep 2012 #13
Robbins Sep 2012 #11
Surya Gayatri Sep 2012 #12
Cosmocat Sep 2012 #38
jtuck004 Sep 2012 #57
avebury Sep 2012 #15
Bernardo de La Paz Sep 2012 #16
Surya Gayatri Sep 2012 #19
julian09 Sep 2012 #39
treehuggnlibrul Sep 2012 #18
Surya Gayatri Sep 2012 #20
SlimJimmy Sep 2012 #54
cigsandcoffee Sep 2012 #22
Surya Gayatri Sep 2012 #27
oliverrams1 Sep 2012 #63
Surya Gayatri Sep 2012 #96
BP2 Sep 2012 #25
Surya Gayatri Sep 2012 #26
nolabear Sep 2012 #30
Surya Gayatri Sep 2012 #33
mojo2012 Sep 2012 #35
Surya Gayatri Sep 2012 #36
coalition_unwilling Sep 2012 #47
Arugula Latte Sep 2012 #40
1StrongBlackMan Sep 2012 #68
1StrongBlackMan Sep 2012 #88
center rising Sep 2012 #43
glacierbay Sep 2012 #48
Surya Gayatri Sep 2012 #92
Surya Gayatri Sep 2012 #93
slackmaster Sep 2012 #44
budkin Sep 2012 #52
Surya Gayatri Sep 2012 #82
1StrongBlackMan Sep 2012 #55
Surya Gayatri Sep 2012 #80
totodeinhere Sep 2012 #73
Surya Gayatri Sep 2012 #84
abelenkpe Sep 2012 #76
Surya Gayatri Sep 2012 #81
Green_Lantern Sep 2012 #78
Rhiannon12866 Sep 2012 #101

Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:35 AM

1. Boom!

Better!

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Response to Stuckinthebush (Reply #1)

Fri Sep 7, 2012, 08:39 AM

7. Goes the dynamite!

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Response to Stuckinthebush (Reply #1)

Fri Sep 7, 2012, 09:24 AM

28. How is that better??? The Labor Force Participation Rate is 63.5! Lowest since 1981!

data back to 2002:
http://data.bls.gov/timeseries/LNS11300000/

the unemployment rate dropped because people are leaving the workforce because they can't find work!

Change the start year in the dropdown at the top of the page and set it to 1981 to see how bad things really are.

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Response to Roland99 (Reply #28)

Fri Sep 7, 2012, 09:34 AM

29. The optics of 8.1%, a drop of .2%, is better than an uptick at this

critical moment, just coming out of the DNC and moving into the home stretch.

Not a positive, but not a negative either--politically speaking.

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Response to Surya Gayatri (Reply #29)

Fri Sep 7, 2012, 09:36 AM

32. As a soundbite headline it might be good but it's *horrible* news in reality

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Response to Roland99 (Reply #32)

Fri Sep 7, 2012, 09:43 AM

34. Agreed, but at this critical juncture, optics are everything.

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Response to Surya Gayatri (Reply #34)

Fri Sep 7, 2012, 02:05 PM

49. You know what? I don't give a rat's ass about optics. I want the people that I

personally know who are out of work to find a job - and not just some burger flipping job to replace the 50k a year job they used to have. These numbers suck, and no amount of spin is going to change that. We MUST do better, much better.

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Response to SlimJimmy (Reply #49)

Fri Sep 7, 2012, 02:30 PM

61. I'm with you

 

I'm just amazed at those here trying to spin this as good news, this is not good news for Pres. Obama, although we all know where the fault lies, it lies with the R's in congress that refuse to pass the Jobs bill which, according to the CBO, will put appox. 2 million of our fellow americans back to work.
Unfortunately, Pres. Obama is going to get the blame and the R's are going unfairly the misery of unemployed citizens.

In no way is this good news.

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Response to glacierbay (Reply #61)

Fri Sep 7, 2012, 04:05 PM

86. Not good, no, but sure as hell better than a percentage

point uptick at this critical moment in the election cycle.

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Response to SlimJimmy (Reply #49)

Fri Sep 7, 2012, 04:03 PM

85. But, unless PBO can get re-elected, ain't nobody

gonna find nothin', flippin' burgers or anything else.

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Response to Surya Gayatri (Reply #85)

Fri Sep 7, 2012, 04:42 PM

95. You're not living in reality. A sound bite isn't going to get the President re-elected. People

getting employed in large numbers will. This report is *not* good, and all the sunshine in the world isn't going to change that.

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Response to SlimJimmy (Reply #95)

Fri Sep 7, 2012, 04:55 PM

99. And do you seriously think that's going to happen between now and Nov. 6th?

Dream on!

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Response to Surya Gayatri (Reply #34)

Fri Sep 7, 2012, 02:44 PM

66. Yes, the IMPORTANT thing is what we can make people believe,

Not what is actually true... Hold on, isn't that what we say the repukes strategy is?

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Response to Surya Gayatri (Reply #34)

Fri Sep 7, 2012, 03:03 PM

74. I am more interested in truth than optics. n/t

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Response to totodeinhere (Reply #74)

Fri Sep 7, 2012, 04:16 PM

89. As am I, and most Dems, in the final analysis...

But, this is an absolutely critical instant in the election cycle that has to be exploited for all its worth.

To bewail the figures would be shooting ourselves in the foot.

The wave of enthusiasm from Charlotte has to be ridden all the way to Nov.6

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Response to Roland99 (Reply #28)

Fri Sep 7, 2012, 12:57 PM

41. What a bunch of naysayers. Uneployment dropped from 8.3 to 8.1! Can't find any thing good in

that? then you must be trying to deflate the balloon. 90% of the people don't even know what "The labor force participation rate is." What we know is "arithmetic" and that looks good.

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Response to demosincebirth (Reply #41)

Fri Sep 7, 2012, 01:18 PM

45. The people in the labor force knows whether they are participating or not.

Maybe you are not in that category.

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Response to demosincebirth (Reply #41)

Fri Sep 7, 2012, 02:49 PM

69. Oh, so, since 90% of the people don't know what the LFPR is then that's a good thing?

Are you kidding me???

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Response to Roland99 (Reply #69)

Fri Sep 7, 2012, 03:58 PM

83. I did not say that.

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Response to demosincebirth (Reply #83)

Fri Sep 7, 2012, 04:10 PM

87. That's certainly what you meant to say or at least imply

There's nothing good in the U/E rate dropping to 8.1% from 8.3% other than it looks pretty in headlines. The TRUTH behind that number is an ugly one. A very ugly truth.



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Response to Roland99 (Reply #87)

Sat Sep 8, 2012, 06:30 PM

102. What I meant to say is what I said, not what you think I said or implied. eom

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Response to demosincebirth (Reply #41)

Fri Sep 7, 2012, 04:18 PM

90. In an election cycle? Optics, optics, optics!

Sure as hell better than an uptick in the percentage!!!

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Response to Roland99 (Reply #28)

Fri Sep 7, 2012, 02:26 PM

58. Why ...

does everyone that cites this figure, consistently fail to mention the 10,000 people per day, that have, since 2011 and everyday thereafter, reached retirement age.

http://pewresearch.org/databank/dailynumber/?NumberID=1150

45% (4,500) of which exercise this option.

http://www.npr.org/2012/05/01/151741738/as-portfolios-recover-more-workers-retire-at-65

and, how about those that retire at 62 and 55?

Numbers in isolation are useless.

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Response to 1StrongBlackMan (Reply #58)

Fri Sep 7, 2012, 02:50 PM

70. And no one is graduating schools and entering the work force while those people retire, eh?

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Response to Roland99 (Reply #70)

Fri Sep 7, 2012, 03:38 PM

79. Come on ...

the number graduating (an event that covers a one to two month event) vs 10,000 people reaching retirement age per DAY?

Maybe you'd like to answer your own question.

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Response to 1StrongBlackMan (Reply #79)

Fri Sep 7, 2012, 04:22 PM

91. Tell it, 1StrongBlackMan! This "bulge" was forecast

40 years ago!

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Response to 1StrongBlackMan (Reply #79)

Fri Sep 7, 2012, 04:47 PM

97. The 300,000 a month that are retiring does not cover the nearly 60,000 deficit this month

alone. Taken as a whole, retirements don't come close to covering it.

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Response to Stuckinthebush (Reply #1)

Fri Sep 7, 2012, 10:35 AM

37. Not better... Unemployment is still over 8% for over 42 months now... :(

 

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Response to liberallibral (Reply #37)

Fri Sep 7, 2012, 01:01 PM

42. Not better? I would say any drop in the unemployment rate better

Remember? "Arithmetic." -.2 is better.

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Response to demosincebirth (Reply #42)

Fri Sep 7, 2012, 01:49 PM

46. The reason the unemployment rate declined by .2% is that about

 

400,000 Americans stopped looking for work in August and dropped out of the labor force, i.e., gave up on the economy.

Only by stretching ingenuity to its limits or relying upon your audience's economic illiteracy can this be construed as 'better.'

The real question is who or what is to blame? IMO, it's the fault of the 2010 "Do-Nothing Congress," a line of attack I hope Obama starts exploiting soon.

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Response to coalition_unwilling (Reply #46)

Fri Sep 7, 2012, 02:08 PM

50. Exactly. And don't think for a minute that the Romney campaign won't point that

little fact out at every opportunity.

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Response to SlimJimmy (Reply #50)

Fri Sep 7, 2012, 02:11 PM

51. I think Obama is pretty much innoculated from it, b/c the 2010

 

Republican Congress did absolutely nothing to advance a Jobs Bill, a little fact I hope Obama's campaign starts promoting intensively between now and November.

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Response to coalition_unwilling (Reply #51)

Fri Sep 7, 2012, 02:14 PM

53. Agree. And they better start hitting that point hard.

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Response to coalition_unwilling (Reply #46)

Fri Sep 7, 2012, 02:19 PM

56. Obama needs someone who can negotiate with congress or he has to improve this skill and fast.

 

The Woodward book details the failure of the Boehner negotiations and it's painful to read. Obama was very very close but asked too much of Boehner who was already far out on a limb with his caucus.

Bill Clinton was excellent at this and Biden is pretty good also. The President needs to be able to move congress or we are so screwed.

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Response to dkf (Reply #56)

Fri Sep 7, 2012, 02:40 PM

64. Funny ...

I didn't get the "over-reach" point from the book ... I read where boehner agreed but couldn't sell his caucus on the deal he agreed to.

But I guess one could say, getting someone to agree to what you ask for and them not being able to deliver is your fault for asking for too much.

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Response to 1StrongBlackMan (Reply #64)

Fri Sep 7, 2012, 02:48 PM

67. No...they had agreed on a target of tax increases and Obama increased that amount.

 

That is when Boehner walked. If you have anything to the contrary I would like to see it.

http://abcnews.go.com/m/story?id=17104635

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Response to dkf (Reply #67)

Fri Sep 7, 2012, 03:08 PM

75. I guess it depend ...

On whom one believes ...

Obama "was spewing coals," Boehner told Woodward, calling it a near "presidential tirade," according to a report on the book by ABC News.

The president and aides said Boehner had failed to return previous presidential calls, and backed away from a deal because he feared loss of support from Tea Party members of his caucus.

"I was pretty angry," Obama told Woodward. "There's no doubt I thought it was profoundly irresponsible, at that stage, not to call me back immediately and let me know what was going on."

Boehner said the White House loaded down the deal at the end with too many tax hikes; Obama would later say he only broached the possibility of new government revenues.

"He (the president) was pissed," Boehner told Woodward. "He wasn't going to get a damn dime more out of me. He knew how far out on a limb I was. But he was hot. It was clear to me that coming to an agreement with him was not going to happen, and that I had to go to Plan B."


President Obama, who can be said to spin a fact; but has yet to be accused of lying (except by the right) - along with his infuriatingly frequent attempts to reach agreement by giving ground ... Or, boehner, with his pristine record for truthfulness - along with his expressed frustration with having to appease the teaparty wing?


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Response to 1StrongBlackMan (Reply #75)

Fri Sep 7, 2012, 04:52 PM

98. Thanks for your rational refutation of dkf's

negative talking points!

Excellent!

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Response to coalition_unwilling (Reply #46)

Fri Sep 7, 2012, 02:26 PM

60. Most voters look at the .2% drop. nt.

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Response to demosincebirth (Reply #60)

Fri Sep 7, 2012, 02:53 PM

72. Yeah, but it's meaningless and does not signify that the

 

economy is improving, quite the contrary.

The real question, imo, is who is to blame. The answer, imo, is this friggin' "Do-Nothing Congress."

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Response to coalition_unwilling (Reply #46)

Fri Sep 7, 2012, 02:35 PM

62. How many of those ...

Retired?

(I know at my employer, over the last year, 89% of those separating - 72 people - did.)

How many of those are (recent) high-school graduates that opted for advanced education full-time?

(I know at my daughter's school, they had a graduation class of 1,100 - 97% left for college, full-time, in August.)

I significant portion of that LMPR number is NOT unemployed, discouraged workers.

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Response to 1StrongBlackMan (Reply #62)

Fri Sep 7, 2012, 02:51 PM

71. "LMPR" - I don't recognize that acronym. Aside from that, I'm going to have

 

to say "I don't know" in answer to your questions about the number who retired or chose higher education.

The devil, as is often said, is "in the details" and I must confess I do not know where to go to access those details.

But here's an excerpt from analysis on Yahoo.com:

Starting with the participation rate, Nesto notes that "almost 400,000 people dropped out, just gave up" looking for work in August. For each one-tenth of one percent improvement in the unemployment rate, 184,000 Americans had to become quitters.

Quitting could mean going on disability, going into the grey market (read: getting paid cash for odd jobs), doing something illicit, or begging. Whatever they're doing instead of working or looking for legitimate jobs, 368,000 Americans gave up on participating in the economy in August alone.


http://finance.yahoo.com/blogs/breakout/why-drop-unemployment-rate-tragic-144809610.html

I'll grant you that Yahoo often shows a distinctly right-wing bias, but I'm not sure whether that is at play in this analysis.

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Response to 1StrongBlackMan (Reply #62)

Fri Sep 7, 2012, 03:16 PM

77. I think some of the drop in the labor force

can be attributed to baby boomers retiring. I know a few myself.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:35 AM

2. Did Joe the Intern Killer say that?

Or was it someone else?

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Response to Setsuna1972 (Reply #2)

Fri Sep 7, 2012, 08:37 AM

5. It was unanimous, but Joe chimed in!

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Response to Setsuna1972 (Reply #2)

Fri Sep 7, 2012, 09:36 AM

31. The round table was unanimous, with Joe Scar joining in!

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:36 AM

3. Bloomberg is sure throwing cold water on it.

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Response to still_one (Reply #3)

Fri Sep 7, 2012, 08:38 AM

6. General gist of the negative spin?

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Response to Surya Gayatri (Reply #6)

Fri Sep 7, 2012, 08:56 AM

17. Not all great jobs. But jobs.


US economy creates 96,000 jobs in August

Employment increased in food services and drinking places, professional and technical services and healthcare, the Bureau said.

But the figure was lower than expected and revisions to June and July data mean that 41,000 fewer jobs were created than previously reported.

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Response to geckosfeet (Reply #17)

Fri Sep 7, 2012, 09:10 AM

23. "Never look a gift horse in the mouth"--old wives' wisdom

Thanks for the link!

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Response to Surya Gayatri (Reply #23)

Fri Sep 7, 2012, 02:43 PM

65. Notice the moving goalposts? ...

Maybe you should aim more to the right?

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Response to still_one (Reply #3)

Fri Sep 7, 2012, 09:12 AM

24. Not just Bloomberg

U.S. jobs growth brakes in August, seen forcing Fed's hand. http://uk.reuters.com/article/2012/09/07/uk-usa-economy-idUKBRE8860LK20120907

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:36 AM

4. Can't wait to hear them spin how bad this is

And this is with one hand tied behind his back. It would have dropped even more if Congress had approved money for teachers, construction and other government workers.

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Response to nobodyspecial (Reply #4)

Fri Sep 7, 2012, 02:26 PM

59. It's bad enough that people expect the Fed to move.

 

368,000 people gave up. Only 91,000 found jobs. We need 150,000 jobs a month just to keep up with population growth.

The Fed has to use monetary policy because fiscal policy is inoperative. That is a failure of the legislative branch collectively.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:40 AM

8. It would be much lower if the republicans had not been trying to "tank the economy" .....

..... so people are hurting in order to gain political power. Think of all the public
sector workers who were fired or the total lack of effort to work on the jobs bill
that has been before congress w/out them doing anything or the Chamber of commerce
that protects and promotes the outsourcing of US jobs and in return gets paid
big money from China.

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Response to Botany (Reply #8)

Fri Sep 7, 2012, 08:44 AM

9. Like Gov. O'Malley (D-MD) just said on Joe Scar, when the studio audience cheered at the news:

"See? Democrats actually cheer when the economic news is good!"

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Response to Surya Gayatri (Reply #9)

Fri Sep 7, 2012, 08:52 AM

14. And if those public workers still had jobs their spending would have created even ...

.... more jobs which in turn would have created more tax money for the
city, state, and federal government and helped with the budgets.

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Response to Botany (Reply #14)

Fri Sep 7, 2012, 09:05 AM

21. Thanks for the reminder, Botany. This is so damning that it's

a "must see" for every voter. Let's make it go viral!!!! The MSM forgot about it long ago.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:46 AM

10. Down 2.1% from a high of 10.2%

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Response to JoePhilly (Reply #10)

Fri Sep 7, 2012, 08:50 AM

13. Yeeeeesssssss!

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:46 AM

11. Wow

I was hoping for this.

Unemployment has dropped to where It was when Obama took office.

It was 8.1 when Obama took office.And only then did he and his team really know how bad a mess Bush left.When trying to deal with
the mess without any help from Republicans unemployment rose to 10 percent.It's now solely because of Obama and Democrats'
efforts back to where It was when he took office.

I tell you If It could ge down to 7.9 as the debates start next month Romney Is In trouble.

And we may know now why Romney Isn't spending money In Michigan,Pa,and Wisconsin,and why Rove Is leaving Ohio to Romney.

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Response to Robbins (Reply #11)

Fri Sep 7, 2012, 08:49 AM

12. Just the good news to kick off the 60 day campaign ahead...

and to capitalize on the 3 days in Charlotte.

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Response to Robbins (Reply #11)

Fri Sep 7, 2012, 10:42 AM

38. Yep - breaking 8 is the threashold

the plateau they just can't get past.

The get it into the 7s, even 7.9, and it will feel different to people.

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Response to Cosmocat (Reply #38)

Fri Sep 7, 2012, 02:26 PM

57. Yeah, different.



Additionally:

From January 2009 through December 2011, 6.1 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics reported today. This was down from 6.9 million for the survey period covering January 2007 to December 2009. In January 2012, 56 percent of workers displaced from 2009-11 were reemployed, up by 7 percentage points from the prior survey in January 2010.


That from the BLS, Here.

In other words, 44 of every hundred people got nothing, and the majority of the ones that did get re-employed were far more likely to lose a third or more of their income. On the other hand Jamie Dimon and other bankers are doing fine as QE1 and QE2, Twist, other programs continue to prop up their assets, in the hopes that it will trickle down to the rest of us.

The data update for the number of working poor for the past four years will be released not too long before the election, and it will show a steady increase in the number of working poor in the past 4 years. Our poverty numbers are already around 1965 numbers, and heading for 1960. If you weren't around then, it was a great time, everyone seeing a problem and trying to do something about it. Not hiding their heads in the sand and making excuses. 'Cause that really doesn't help anyone.

We will see if our current austerity program leads to a win.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:55 AM

15. K&R nt

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:55 AM

16. Trend chart

Get rid of the obstruction GOP CONgress and there would be the real growth needed. But the difference between GOP and Obama is clear:

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Response to Bernardo de La Paz (Reply #16)

Fri Sep 7, 2012, 08:59 AM

19. Thanks for the graphic illustration!

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Response to Bernardo de La Paz (Reply #16)

Fri Sep 7, 2012, 10:43 AM

39. Would make a nice bumper sticker with five more green bars representing 30 months growth.

 

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 08:57 AM

18. And I am one of the newly employed

Four days after President Obama was inaugurated, I was in my company's fourth round of layoffs.

Unemployment benefits that I'd paid into for 20+ years made it possible for us to get through the first year and a half of my unemployment, and gave me time to set up a freelance business that has kept us in our house. It wasn't easy, but we made it.

Last night I watched as President Obama accepted the nomination.

As I watched last night, I choked up when Joe Biden talked about a father telling his kids he lost his job. I remember that moment with painful clarity. And when President Obama said "You give me hope," I was thinking how, when I lost my job, I was thankful that Obama was our new president, and how he gave ME hope for four years.

Monday, I start a new, full-time position.




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Response to treehuggnlibrul (Reply #18)

Fri Sep 7, 2012, 09:01 AM

20. Wow, tree, this brought tears to my eyes...

I think you should post this as a separate OP. It's so powerful and inspiring!

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Response to treehuggnlibrul (Reply #18)

Fri Sep 7, 2012, 02:15 PM

54. Sweet. Welcome back into the labor force.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 09:07 AM

22. I have a hard time cheering a lowered rate when its because a lot of people gave up looking for work

Not to rain on the "high-five" theme of this thread or anything, and certainly not to say that the lackluster performance is Obama's fault - without him, it would be a lot worse.

But people giving up the search for work, resulting in a lower unemployment rate, is not really anything to cheer about.

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Response to cigsandcoffee (Reply #22)

Fri Sep 7, 2012, 09:23 AM

27. It's the positive optics we're cheering. Coming out of

the DNC and moving into the last 60-day home stretch, we didn't need an uptick in the figures.

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Response to cigsandcoffee (Reply #22)

Fri Sep 7, 2012, 02:40 PM

63. Why are people not angry?

That Obama's job bill cannot get out of the house with a lot of people suffering? Can Bill C go on the road and promote the jobs bill? That's what they did for the increase in student loan rates and it pressured them to do something about it.

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Response to oliverrams1 (Reply #63)

Fri Sep 7, 2012, 04:46 PM

96. Now, there's an idea...put the Big Dawg out there on the

campaign trail to hound the fuckers daily.

Shame them into action. PBO can't harry them in the same way, or he would appear "unpresidential".

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 09:12 AM

25. Peeps - that's only 1,920 jobs per state



I think there's other things we should focus on.

8.3 to 8.1 percent sounds great, until put in a greater context of knowing that your spouse or neighbor is still looking for a Job.

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Response to BP2 (Reply #25)

Fri Sep 7, 2012, 09:19 AM

26. At this crucial juncture in the campaign, even this tiny drop is welcome.

Obviously, millions are still hurting, but there is hope.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 09:35 AM

30. Really? Chuck "Buzzkill" Todd says it dragged him down.

Personally, I wish it was better but it's continuing in the right direction and people hire in the fall, so the next couple of months should be steadily better.

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Response to nolabear (Reply #30)

Fri Sep 7, 2012, 09:41 AM

33. Toady Todd is a two-faced, forked tongued panderer.

He'll say whatever will get him noticed.
It's all Toady Todd, all the time...

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 10:06 AM

35. Pushing Congress Again

I think there needs to be another hit and point out the Do-Nothing Congress. President Obama gave them a decent Jobs Bill ONE YEAR AGO. Instead the Congress chose to vote to repeal Obamacare over and over again and not address the Jobs Bill.

Then they leave for a 5 week vacation leaving the Farm Bill hanging and the cliff to teeter on because they didn't feel it important enough to vote on all the things expiring on Dec. 31.

Mitch McConnell is the least constructive figure in the Washington and by no means a leader. He is a bitter man and doesn't give a rip about the people of this country, his only goal is getting President Obama out of office. I have absolutely NO respect for this man or most of the members of Congress (new Tea Party members). The jobs number and unemployment rate would be so much better by now if the Congress would have passed the Jobs Bill

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Response to mojo2012 (Reply #35)

Fri Sep 7, 2012, 10:18 AM

36. The video clip in Botany's post up-thread needs

to go viral. Saturate all social media with it. A must-see for voters:
http://www.democraticunderground.com/1014221742#post14

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Response to mojo2012 (Reply #35)

Fri Sep 7, 2012, 01:50 PM

47. +1,000,000,000 x 1,000,000,000 - Well put and definitely

 

needs saying and repeating.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 11:06 AM

40. The media is spinning it like it's a TERRIBLE report.

My local lefty radio station gets a feed from ABC News and when I woke up this morning the first thing I heard was how horrible the jobs report was, coming "just hours after President Obama spoke in Charlotte."

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Response to Arugula Latte (Reply #40)

Fri Sep 7, 2012, 02:48 PM

68. Have you been reading THIS thread?

Not a lot of love here, either.

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Response to 1StrongBlackMan (Reply #68)

Fri Sep 7, 2012, 04:15 PM

88. I'm really starting to believe ...

that liberals would lament a multiple orgasmic event as a loss of bodily fluids.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 01:03 PM

43. This is NOT good news!!

The only reason it fell is because more people stopped looking. 96,000 is a pathetic number any way you spin it.

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Response to center rising (Reply #43)

Fri Sep 7, 2012, 01:56 PM

48. Correct

 

and the American people aren't stupid, well, most of them, they'll know why the rate dropped, not because of more jobs created, but because more people just gave up looking for a job. In no way is this good news for Pres. Obama, but to counter this, he needs to hammer Congress to get moving on his Jobs bill and get people back to work.

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Response to center rising (Reply #43)

Fri Sep 7, 2012, 04:28 PM

92. Demographic bulge coming into the equation...

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 01:06 PM

44. Bad News is the new Good News

 

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 02:14 PM

52. If this were good news then Romney would not be so giddy this morning

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Response to budkin (Reply #52)

Fri Sep 7, 2012, 03:54 PM

82. Did you find him "giddy"? I thought he was just his

normal robotic, stiff, ungracious self!

Sure, he had a few hackneyed talking points to throw out at his press availability--singularly unremarkable.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 02:17 PM

55. When discussing the ...y

Unemployment and labor market participation rate, why doesn't anyone talk about a very relevant number ... the 10,000 people per day, since 2011 and everyday since, that have and are reaching retirement age?

http://pewresearch.org/databank/dailynumber/?NumberID=1150

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Response to 1StrongBlackMan (Reply #55)

Fri Sep 7, 2012, 03:44 PM

80. Excellent point, 1SBM! I was going to bring this up earlier, but then forgot...

We're seriously into the boomer demographic bulge now. Since early 2011, the boomers have been retiring in droves. (Myself included!)

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 03:02 PM

73. Only 96K jobs added in August... Labor force participation rated lowest in decades...

This is not good news. I understand that the OP is trying to spin it as good news in an effort to help President Obama's reelection. But it is terrible news. The numbers are weaker than most economists expected. The unemployment rate went down slightly due mostly to people giving up and leaving the work force.

I support President Obama. But I also support telling it like it is.

http://www.huffingtonpost.com/2012/09/07/august-jobs-report_n_1864001.html

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Response to totodeinhere (Reply #73)

Fri Sep 7, 2012, 03:59 PM

84. 1StrongBlack Man makes an excellent point upthread.

Boomer demographic bulge in play?
http://www.democraticunderground.com/1014221742#post55

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 03:15 PM

76. Good for Obama

So of course I love this news.

But gotta say just this week I know of over 500 people who had good paying jobs last friday but have been let go in two mass layoffs at studios. And things are looking very very sketchy at several other places. We really need to elect a government that will do more about the economy and keeping jobs here in the US. So everyone please vote straight dem. We need congress and governors who will work with the president. Wish the election was tomorrow!

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Response to abelenkpe (Reply #76)

Fri Sep 7, 2012, 03:47 PM

81. What you said!

"So everyone please vote straight dem. We need congress and governors who will work with the president."

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 03:28 PM

78. who cares if job quantity increases....

For one thing how many of these jobs are being filled by one person?

Also number of jobs doesn't count if the jobs suck and barely cover the cost of living.

The article says "The percentage of Americans who either have a job or who are looking for one fell to 63.5%, the lowest participation rate since 1981."

So the job market must not be that great.

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Response to Surya Gayatri (Original post)

Fri Sep 7, 2012, 11:06 PM

101. Please use the article title as the subject line and credit the correct source per LBN rules.

Last edited Sat Sep 8, 2012, 05:01 PM - Edit history (1)

Thanks!

Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.

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