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Not all that scary, as they turned out. In the former case, it was especially tough on defense contractors, as I recall. In the present case it's been especially tough on computer programmers.
Posted on 08/27/2004 1:57:47 PM PDT by NormalGuy
http://illinoisleader.com/news/newsview.asp?c=19047
OPINION -- Have you heard that our “shaky, jobless recovery” is threatening to come to a halt? That is utterly wrong, according to a whistle-blowing Ph.D. who demonstrates how employment reports, used of late as Weapons of Mass Depiction against D.C. Republicans, are misleading us.
In an August 7 Chicago Tribune article, “Hiring fizzles in July,” reporter William Neikirk began, “Employers put the brakes on hiring last month, adding a scant 32,000 jobs to their payrolls, the government said Friday in a report that roiled the presidential race.” Note how the supposedly low job increase translates into... what result? Why, the “roiling” of our President’s reelection campaign, of course.
Numerous TV and radio reports had the same slant, but leave it to the Trib to spin it out in print. The headline from an accompanying Tribune report reads: “Jobs report stuns economists…”
Crain’s Chicago Business reported the leftist Reuters news, “The future looks increasingly dim for U.S. economic growth as high oil prices, spotty consumer demand and fears of terrorism prevent firms from hiring new workers, analysts said Friday…” Give them credit. Unlike the “Libune,” at least they refrained from using the word, ”president.”
The St. Louis Register Star used nearly equally leftist AP's piece by Jeannine Aversa, “America's payrolls grew by a just 32,000 new jobs in July, suggesting the economy is stuck in summer lethargy.”
“Lethargy! Terrorism! Stun and Fizzle! Roil and oil! Hiring drizzle!” So cry our spellcasting media, over the Bush administration. Like SCTV’s venerable horror movie pitchman, Count Floyd, reporters howl and prod, “This is v-e-r-r-r-y s-c-a-a-r-r-y, kids!”
Has that low down count scared you? ........ more at
http://illinoisleader.com/news/newsview.asp?c=19047
Should a person with 2 jobs be counted twice?
Why is there such a dramatic increase in us "consultants"?
Is it because government regulation has tilted the scale against the employee and in favor of the outsourced contractor?
Note also that the Bureau of Labor Statistics uses two very different measures of jobs, and only one of those shows the low "32,000 new jobs" figure for July; the other shows I believe 600,000+ jobs.
Difference as I recall is the that the former method severely undercounts business start-ups and the self-employed.
Ok, but during the malaise of the Carter administration the economy added about 9 million jobs between inauguration and July of 1980. The growth rate was more than 10% from 80.7 million to 89.8 million.
Looking at recent presidents and similar time periods:
Reagan's first term 91.0 million to 94.8 million
Reagan's second term 96.3 mllion to 105.3 million
Bush I 107.1 million to 108.6 million
Clinton's first term 109.7 to 120.0 million
Clinton's second term 121.2 to 132.3 million
Spintreebob and I were going to post this for unspun, but I see NormalGuy beat us to the punch.
Anti-immigration folks claim 1 million immigrants a year find jobs here. Us pro-immigration folks agree. So that's 4 million jobs in 4 years. Yet the Black and White unemployment rates are lower than during the Clinton years. Only the YOUTH unemployment rate is up (slightly).
Does anyone doubt that 99% of the 80,000 Guard and Reservists in Iraq would be in the civilian labor force and employed if back home? Thus not only are they a hole in the employment picture, they are also a hole in the multiplier effect. They are not buying building material to fix their houses.... which means fewer jobs at HomeDepot, etc.
Furthermore, During the Bush years another 4 million NEW jobs have been created, mostly hi-tech. Yet they are not counted. Why? Because they are in India.
Statistics is all in what population you pick. Include or exclude to suit your agenda the self-employed, the semi-retired, the temporarily employed, the immigrants, the outsourced (domestic or foreign), etc.
(I have been temporarily employed 39 of my 43 adult years yet never been unemployed for longer than 2 weeks for a total of 7 weeks unemployment in 43 years. And then I didn't show up in statistics because unemployment statistics are people applying for, or on, unemployment comp. They miss people who don't apply because they know they will get another job soon, or know they will be denied compensation due to the circumstances of their termination, of who just don't believe in taking a government check.)
Not all that scary, as they turned out. In the former case, it was especially tough on defense contractors, as I recall. In the present case it's been especially tough on computer programmers.
WILLIAMS IL Media Unspun:
The Count lies! Jobs up by 2M under Bush, says whistleblower
In it, please don't overlook the analysis of Tim Kane, Ph.D. His two reference works are sit in the Heritage.org Web site and call for a hearing!:
Diverging Employment Data: A Critical View of the Payroll Survey, Tim Kane, Ph.D., The Heritage Foundation, Center for Data Analysis Report #04-03, March 4, 2004 - http://www.heritage.org/Research/Labor/CDA04-03.cfm
A Problem with Payrolls? Tim Kane, Ph.D. & Rea Hederman, The Heritage Foundation, WebMemo #550, August 6, 2004 - http://www.heritage.org/Research/Economy/wm550.cfm
I have had 11 jobs since June 2001.
Unless people start counting the number of TEMP jobs in this country, all job numbers are suspect.
3 of those jobs are this year alone.
I assume the numbers will continue to be bad because the bureaucrats that compile the stats want to hurt Bush.
Bush 1 set the policies in motion in 1992 for Clinton to enjoy the economies("peace dividends") of the later 1990's.
Clinton actually did nothing at all to the economy which was probably a good thing....other than he and his party passing the retroactive tax increases(in 1993) on capital gains back to the first of the year.
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