Skip to comments.U.S. Adds 113,000 Jobs, in Latest Worrying Sign on Growth
Posted on 02/07/2014 5:41:02 AM PST by John W
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(imho) both deflation and inflation are different sides of the coin. Both sides of the coin (deflation and inflation) are losers (imho).
I do believe the only way out of the current mess is reform to the tax code making the tax code business and family friendly. Don’t see government reforming the tax code though unless government reforms it to take more ... as was done with obamacare. Just my opinion.
I think you both are misunderstanding where I’m coming from. It’s not just the statistics a person should question but the government and its motives as well.
Is this not a conservative site? It sucks I have to explain this here but here goes.
It was just the other day the owner of this place defined what this place is and one of the things he posted was standing for limited government. That’s why I’ve enjoyed reading at this place for so long. Even our Constitution was set up for a limited government in place.
The sad thing is we’ve trampled on our Constitution for so long that we have a big, powerful, intrusive government in place. Now, it’s big and bloated, have a massive debt for generations to come just to keep the big government statist dream alive. We’ve sacrificed our children’s future for that dream that is nothing more than a big lie.
We now have a government that is big and powerful enough to lie and deceive, be corrupt and abusive. The democrat party, liberal repubs, obummer, Benghazi, the IRS scandal, Fast & Furious are just a few examples of the abusers and corruption to those who oppose their big government dream.
As I’ve come to understand, this place represents the opposite of that, which is a defender of our freedoms and liberties. There is a reason our founders feared big government and that is why we have a Constitution. There is not one reason, as conservatives, that we can’t question big government and their motives. Especially given the corruption and abuses we all have witnessed in recent times.
I have battled a lot of liberals over the years, deep down they are nothing more than statists, looking to and trusting their government to be the end all. We have a whole culture that has been raised this way and once in awhile, I see it here. There is nothing wrong not trusting the government and what it is doing. Personally, I believe it’s all about preserving government power, regardless of party. I would think you two, as conservatives, understand questioning it, given all the corruption going on these days. Celebrating what the government is putting out, given all the corruption going on, is what makes me question your motives.
As long as some folks, even some Freepers, are making money none of that matters to them one iota.
Well, seeing that I’m barely keeping afloat, your comment does not apply to me.
Troll somewhere else.
My favorite idea is to repeal Obamacare.
Even if that would make you sad.
Also assume a nominal working aged population of 125,000,000:
0.0009040000 = 00.09%
Quite the testament to halfricanomics !
That's showin'em, Barry Boy !
GOP offers trust corporate America and Wall Street bankers to do what is in the interest of the American people. No need for gov to monitor their efforts to cheat the people and corrupt officials. More high tech transfers to Chinese industries in exchange for low cost manufacture of high tech goods. So what the PLA access the advance technology to build weapons that may kill blue collar American soldiers. Wall Street want more Fed Reserve loans and access to savings accounts which will be used as collateral for leveraged 1 dollar down for 60 dollars worth of stock bets on the options market. If anything goes wrong, the taxpayers will bail them out. At least the Tea Party senses something wrong with corporate America but the GOP-e with the Chamber of Commerce declared war on the only group of Americans who understands that big business and big gov is the enemy of America. American unemployment will be solved with more H-1B workers and amnesty for illegal immigrants. Somehow a poor immigrant has the cash to create six jobs for Americans according to the Chamber of Commerce.
The only thing I am certain of is this. If you had a 40 hour a week job earning twenty dollars an hour which you lost and now you are working three part time jobs which total 30 hours a week earning an average of nine dollars an hour you will be counted as three jobs now whereas you were counted as one job before. I don’t think there is any doubt whatsoever on that. The TRUE unemployment rate is WORSE than it was during most of and maybe ALL of the “great depression” of the thirties. The percentage of people who are surviving solely on government handouts is MUCH, MUCH higher than during the thirties. The percentage of people who have not one clue how to make it on their own is INCREDIBLY HIGHER, I would not even try to estimate it but it is EXTREMELY high. We have a lot of people depending on their parents for support at an age when people used to be looking forward to their first grandchild if they did not already have one or more.
A few things that have me confused: How accurate are descriptive statistical comparisons of historical economic data (the 45 years prior to 2008) to the data of the current recession? In any statistical comparison, we have to assume some general level of constant variables in order to compare change over time. Comparing non -QE epochs to our current QE period is comparing apples to oranges. When in our nation’s history have we injected $65 billion per month, and what do we compare that to in order to see “progress?” We can only assume progress if we assume that QE is a definitive method of getting out of this particular recession. As another poster stated, we are in uncharted territory. Has any nation ever printed its way out of a recession? If not then everything is pure speculation, regardless of what the statistics state.
Whenever a tem series methodology is changed they change history sot hey are comparable.
As far a QE it is the mechanism for meeting demand for liquidity. Just as when you have inflation you drain liquidity (inflation is too much money changing after too few goods) by selling bonds. “Printing” money, in and of itself, is not inflationary. It is dependent upon demand which today is massive. Just look at velocity.
To compare government statistics to Benghazi, IRS, Fast and Furious and Obamacare is just stupid. These statistics have been around for decades under president like Reagan and bush. You just make a fool of yourself with comments like this.
The economic stats are reflective of what is going on in there market. Using them to make investments and make money is the epitome of capitalism. Not to mention if you just bury your head in the sand and scream “LIES” in the face of mountains of data you would have missed out on massive returns. That’s just foolish.
Once again, you fail to get the point. It’s about trustworthiness of a big, bloated, corrupt, abusive government, hell bent on preserving itself, which in itself is an assault on our freedoms and liberties, is what I’m talking about. Are you sure you are even a conservative?
The problem is that you are getting heavy inflation in key sectors that affect everyone (energy, food, other consumables, and other necessities). The only deflation you see is in the housing market and durable goods that are not necessities.
Progressive Trolls Daily Mantra
1. Wake up and say “Progressives are people too” 100 times
2. Make sure mom pressed today’s footy pajamas
3. Eat breakfast and fresh Kool Aid
4. Watch President Obama’s Historic Inauguration Part 1 and Part 2
5. Eat lunch - make sure mom cuts off the CRUST!!
6. Read OFA daily email update and look for paycheck deposit
7. Say the prayer ‘Obama is our lord and savior’ and bow to Washington D.C.
8. Go to Breitbart and enlighten the stupidheads
Remember to use best zingers: T e a b a g g e r, LOL, Bush, Sarah Palin, Fox = Faux, Koch S u c k e r s
9. Don’t Cry. Everybody loves Obama. They’re lying!!! Remember that!
10. Snuggle with President Obama blankie and nap
11. Eat dinner - tell mom not to burn the mac and cheese again!!!
12. Watch Mr. Maddow on MSNBC (he’s so handsome!)
13. Get nite nite snack - tell mom to get new Nilla cookies
14. Watch President Obama’s Historic Inauguration Part 1 and Part 2
15. Practice making eye contact with a girl picture
Yes, praise Alla..er...Obama!
He has saved us via ObamaCare from job lock.
Now, umemployed courtesy ObamaCare, one has more time to reading stories to the (hungry courtesy Obama) kids, dumpster dive...er..save the Earth via recycle full time, and wish one had money for Christmas and Birthday presents for the kids, which (all praise Obama’s ObamaCare) one no longer has.
But while no job and no money, at least one has HealthCare.Gov (until 4th rate identity thieves steal id’s and hack the bank accounts, credit cards, etc).
Hhhmmm...no job, no money...how to pay the new much higher Premiums, deductibles and co-pays...when one is lucky enough to find a doctor accepting the much reduced ObamaCare payments?
i.e. One guy I know: $235/month pre-ObamaCare. Obama care: $409/month.
This “Administration” that lies about everything else,
is 110% honest and accurate about the job numbers.
(here, have another cup of koolaid)
Doubters of our Obama and ObamaCare, hang you heads in shame for not believing our Ministry of Truth b.s.
The ecomomy is great!
Employment and income increasing by leaps and bounds!
(in other news, a relative just got work hours cut 50 percent...because business is so good)
Doogle posted it this morning .. now well over 540K views .. goosebumps guaranteed !
The comments are encouraging as well, given the ~25/1 ratio of patriot praise vs seditious filth.
Obamacare and the minimum wage laws are going to create a trend away from employment and toward independent contract work.
Ummmm this data has been released for decades so unless you call every administration liars including Reagan I and Bush then your point is invalid. Thanks for your expert insight though. Very helpful............
Check the WARN notices for Gnu Yak and California...that really tells the story, folks...future job losses are staggering, trust me..
Define a household. If you think about it that’s a terrible standard to use to formulate policy.
Have you read Wanniski’s The Way the World Works?
Interesting charts - am I reading this correctly that under the Obama administration, public sector job creation has suffered more than private sector job creation?
I have but it’s been a while. I subscribed to Wanniski’s “Polyconomics” back in the late 90’s early 2000’s. I ended the subscription when he got all political about Iraq but I think he was a great supply-side economist.
That’s exactly what it says. If you look at the details of the labor report the headline number is total non-farm payrolls. Then the private payrolls will be higher.
That ain’t a dumb question. It’s relevant and yeah, I want to know if they are FT or PT jobs.
These are numbers for the MONTH??????
I think by cutting back on long term unemployment benefits, Republicans are going to force many of those on the dole to go back to work and start earning a living. This is going to create a sizable increase in the workforce in the next 6 months. I’m just afraid the MSM will give Obama the credit.
~~~The unemployment rate, obtained through a separate survey, fell to 6.6% last month from 6.7% in December, the Labor Department said.~~~
There are lies, there are damned lies, and there are statistics.
You make persuasive arguments, and they probably work for some people who are relatively well off. (More on that in a moment.)
However... I would posit that Reagan and his administration were for the most part reasonably honest and competent people. Obama and his administration are clearly not honest or competent (outside of political competence that I will concede!) Do you dispute this? Do you dispute that most gov't employees have a strong bias (at the least) in favor of the present Administration and its policies?
My above observation does not "prove" that the numbers you post are dishonest, but then how do you propose to "prove" that they are honest? It seems to me that if the Administration are known liars on many subjects, the burden of proof is on them at all times.
Furthermore, any average person knows from their own experience that, at least for middle income people, the CPI, which at one time seemed to at least be "in the ballpark" when it came to reflecting typical family expenses, is now either faulty or dishonest. I track both my family and business expenses carefully, and have been doing so for almost 4 decades. When it it comes to actual "cost-of-living", what's going on, and the modern CPI are two different things. Business expenses are worse, not even counting various insurances, taxes, and what not. Again, I am talking "mid-to-low-end" here: Maybe things are different for those with incomes over, oh, I don't know - maybe >$100k / year?
There's even an additional factor: The quality of most consumer items, possibly excluding vehicles, has taken a big hit over the years. Average price items just don't hold up the way they once did. This can be a considerable drain on a budget. Having to buy "widget w" 3 times as often, or buy a "high end version", may look like positive economic activity, but it is NOT a positive to me.
Now, "the market" and many business & investment decisions do follow the published stats. The king may have no clothes, but one is likely financially better off at least in the short run by acting on and perhaps within the king's reality. (This reminds me of the many countries described in the CIA factbook as having economies distorted and weak due to excessive gov't interference and incompetence: There are still SOME people in those countries well able to take advantage of that environment.)
Essentially, the wealthy can work within almost any system that does not directly and heavily attack them, and benefit from it. Established wealthy probably benefit MORE from a corrupt system than an honest system, as they can most effectively play the system, and at the same time competition from below is reduced. They need not even be corrupt themselves, though it usually helps. Whether or not said system benefits the average person in an optimal manner, or whether it is long-term stable, is a completely different matter.
In my own case, there might be a conflict in my own mind, between how I could get in on those "massive returns", and what I believe is best for the country in the long run. However, that has become irrelevant. Expanding socialism (or worse) has effectively eaten up any "extra" I might have left to invest. I suspect a great many people are in my shoes. (In my case, my old IRA still rolls along, but I cannot afford to contribute further to it: Barring some major change, I will work until I am dead, if I expect to stay afloat without becoming a suckling piglet at the gov't teat.)
Please note that none of the above is intended as an attack on wealth or established wealth. I'd just like to see a more honest system with less gov't gooing it up.
The Reagan & Bush 1 people are still responsible for the published data in 2014? Wow!
Most government employees at census and BLS are careers not political appointments.
I’m done arguing the red herring argument of if the data is manipulated/lied by administrations. People that believe that don’t want to believe anything else. When asked for proof that the data is wrong they discuss other political lies that are completely irrelevant to that of economic data.
John with all the latest news and retail stores closing this figure appears to be a calm before the storm. Am sensing a huge set of layoffs coming within the next few months. Could be in the millions to be lain off (nationwide). Am also seeing many local restaurants struggling. I think the dam maybe is about to lose a whole heap of water because those holding their fingers in that dam to hold back the water and paying taxes in the billions maybe are set to go down on this next round. Prayers am wrong John ... Prayers am wrong. Thanks for letting me vent John. Prayers am wrong.
The vast majority of Repubs in the House and Senate voted against Boehner and McConnel, THEY SHOULD REPLACE THEM OR SAY GOODBYE TO OUR SUPPORT OF THE GOP.
we need a linke to past January job creations.
The private-sector, it said, added a seasonally adjusted 142,000 new jobs in January and government shed 29,000 jobs for a total of 113,000. That is far below the 185,000 jobs predicted by a consensus of experts surveyed ahead of time.