Posted on 11/10/2014 8:19:53 AM PST by SeekAndFind
As reported by the Bureau of Labor Statistics (BLS) on Friday, October was a good month for jobs. Full-time-equivalent (FTE)* employment increased by 617,000. This was the sixth-highest monthly total seen during the economic recovery that began in July 2009, and it was far above the 122,000 average over the 64 months since then.
Meanwhile, labor force participation, the unprecedented fall in which has been the big ongoing story of the Obama economic recovery, actually increased slightly during October. This meant that the reported decline in the unemployment rate to 5.8%, from 5.9% in September, was "real."
While the BLS report came out after the election, the electorate experiences the employment situation directly, so voters were able to factor October's improvement in the jobs picture into their decisions on November 4.
Five days before the election, on October 30, the Bureau of Economic Analysis (BEA) reported that 3Q2014 real GDP (RGDP) increased at an annualized rate of 3.50%. Coupled with the 4.51% RGDP growth reported for 2Q2014, this means that real economic growth for the six months leading up to the election averaged 4.01%. This is not only the highest growth rate seen during any six-month period during the economic recovery thus far, but also a number considered to be in "boom" territory.
Despite the recent improvements in both jobs and economic growth, on November 4, Americans voted decisively for a radical change in direction. The voters gave control of the Senate to the Republicans, and increased the GOP's majority in the House of Representatives.
(Excerpt) Read more at realclearmarkets.com ...
Because everyone saw the “jobs numbers” as simply made up lies!
Because it’s boo chit and everone knows it.
who are people going to believe? A government bureaucracy...or their own wallets and neighborhoods?
People have stopped believing the lies.
Better jobs, more employment on BLS paper does not translate to a steady check that you can cash, or benefits you can receive from all those ‘jobs’ BLS, Obama and the MSM so readily tout.
The numbers actually made the case that conservatives echo:
We do not trust big government.
Part time jobs and entry level wages are not exactly a robust economy.
Remove the Obamacare 29 hour rule and the tax penalty, and things might look up a bit.
Why does DC still have to study stuff that everybody but them gets?
1) whatever improvement did occur was too little to late.
2) the numbers are laughable. Compare the U3 numbers used as the official marker and the U6 one showing unemployment above 10%
3) where believable, many of the numbers still aren’t good. There are still too many part-time jobs, and they’re replacing full time jobs. Those obtaining jobs are older, some even going back to work after having retired.
because the better jobs picture is nothing but statistical smoke and mirrors !
the economy is NOT better!
and people KNOW that in their gut, they don’t believe the fake numbers coming out of Washington on the economy.
The jobs growth might be real enough, but the jobs are going to illegal aliens and immigrants. So one the one hand more people are getting jobs, on the other hand they're aren't American citizens.
Everyone knows if the same amount of people were compared in the BLS numbers from Bush was in office, the unemployment rate would be 9-10%, which is awful. The BLS numbers are fakery.
The 5.8% is simply laughable.
They’re trying to tell us that we’re currently only .8% above “full employment” where everyone that wants a job has one or is truly transitioning from one to another.
That’s why the unions are pulling the “Fight For $15” nonsense. All these moves continue to devalue the dollar to the point where $15 in their dystopian future will be worth less than $5 today.
Dag nabbit every one of you “beat me to it.”
Maybe its because the jobs picture isn’t “better” at all.
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
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