In the discussion thread: July payroll employment rises (+163,000); jobless rate essentially unchanged (8.3%) [View all]
Response to Robbins (Reply #3)
Fri Aug 3, 2012, 11:42 AM
Igel (19,052 posts)
15. Not sure.
Last edited Fri Aug 3, 2012, 11:45 AM - Edit history (2)
I think we're still at negative job growth under Obama, but it's close to breaking even for 2/09 to the present. My #s might be a couple of months stale.
Job growth hasn't been horrible--not good, but not horrible--under Obama, if you discount the first few months. You have to watch what is happening at the beginning and cut-off dates to make sense of the #s. Otherwise they're just numbers and not so meaningful.
If you abstract away recessions, you get #s that aren't too different. In 2001 nobody could "inherit a recession"--you had to man up for any economic conditions the week you were inaugurated; 12 years later, you're no responsible for things 3 years after inauguration. So first thing, remove the politics. Politics is rhetoric, and rhetoric is a different field from logic. Logic helps understanding; rhetoric is to convince people, whatever it takes.
The cry in the '00s was always that #s like 100k or 150k jobs/moth created was less than needed, the recovery was weak, etc. Those #s aren't much different from now. The spin is different. Spin is rhetoric. We seem to be having a recession every 9-10 years. The trendline for job creation during recovery is heading downward. What logical use you make of those is still up for grabs.
(on edit: The nifty chart that came up to near the present had a bad link character. Under Obama, there was an early spike and then the line looks very much like 2004.)
Une fois, par un minuit lugubre, tandis que je m'appesantissais, faible et fatigué,/ sur maint curieux et bizarre volume de savoir oublié - tandis que je dodelinais la / tête, somnolant presque: soudain se fit un heurt, comme de quelqu'un frappant / doucement, frappant à la porte de ma chambre - cela seul et rien de plus.
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