Posted on 08/03/2012 5:36:33 AM PDT by Perdogg
Actually, bert, the lead was written a week ago to trumpet Obie's falling unemployment rate, no matter what actually happened. The editor forgot to fix that descriptor.
Also, this morning's politico email blast noted that "Analysts had predicted the July jobs number would come in at around 100,000". When have analysts ever predicted anything that low? Sounds like an unprovable fact, totally made up, and included to make Obie look better.
LLS
Team Obama keep claiming 4.2 million new jobs in the past 28 months.
Republicans need to counter: Obama has been in office 42 months.
Note that convenient typo in the article. The rate ROSE.
My guess is that formerly "discouraged workers" found part-time jobs. That accounts for the job increase and the rising unemployment rate.
http://www.zerohedge.com/news/seasonal-and-birth-death-adjustments-add-429000-statistical-jobs
Check this out.
Actually, the campaigns are hiring, so you may be on to something there?
I don't either. However, in our school district about 15% of the teachers are non-tenured and they are all terminated unceremoniously in June and then unceremoniously hired back in August. It is their way of by-passing the tenure requirement.
“...Job growth has average about 75,000 jobs a month during the Obama recovery for a total of 2.7 million jobs. Context: During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.
– This continues to be the longest stretch of 8% or higher unemployment since the Great Depression, 42 straight months.
– If the labor force participation rate was the same as when Obama took office in January 2009, the unemployment rate would be 11.0%.
– Even if you take into account that the LFP should be declining as America ages, the unemployment rate would be 10.6%...”:
http://www.aei-ideas.org/2012/08/july-jobs-report-americas-labor-market-depression-continues/
Urbansurvival......Did I mention that another 150,000 people just "disappeared" from the labor force? Or that the acutal number of people holding jobs was down 195,000 for the month-on month comparison?
That’s 165k for the quarter, not month. And still the rate fell up to 8.3%
Corn, too. We're burning our food. Grocery prices are going to jump up ANOTHER 3%.
Good God, does that really say that the unemployment rate “fell” from 8.2 to 8.3? Brazen, shameless scoundrels!
They are saying it fell up. It’s insanely brazen 1984 style propaganda.
No, you got to get the terminology right. Gasoline just PLUMMETED from 3.25 to 4.00.
Wonder if that will affect the chocolate ration in a positive way.
As more and more people start realizing they can’t make it on the dole they will start looking for jobs which will cause the unemployment rate to rise.
Obama will be toast by October so look for a surprise.
No. Every report and news break would be telling us how bad it is out there, how failed Republican polices are, how badly we need a new president. The nightly news would be showing us the lines at food banks, unemployment offices, talking about the dramatic rice in homelessness, epic turnouts for "now hiring" events at fast food outlets, just as they did during Bush 41's recession.
What’s with the “but” in the title. Doesn’t it take more than 163,000 jobs a month just to keep up with population growth?
The public does not understand that the only force keeping our economy out of recession is massive deficit spending. If Obama is reelected, then as soon as congress cuts the deficit and reduces the fiscal stimulus early next year, we'll go right back into a recession for sure. And it could be a deep and ugly recession because of the huge hangover in the business community from the idea of another four years of Obama (and this time completely out of control and uninhibited by the need to run for re-election).
The only thing that can keep America out of recession next year is a Romney victory, repeal of Obamacare, a rollback of idiotic regulatory policy, and a carefully designed fiscal policy that gradually brings down federal deficits without any sudden big tax increases or big cuts in defense spending. If you want to keep your job next year, then do whatever you can to help Romney win in November.
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