Posted on 01/22/2015 7:28:57 PM PST by PROCON
ST. PETERSBURG, Fla. (AP) — Ask Joshua Thevenin — who since last month has been a newspaper salesman, fireworks vendor and tele-marketer — what he thinks about assertions the economy is roaring toward recovery and you'll get a sigh and a shake of his head.
"I don't see it. If it is, I don't know where," he said.
Lately, everyone from economists to President Barack Obama himself are bullish on the economy. Labor Department statistics this month showed that a healthy month of hiring in December capped the best year for U.S. job growth since 1999, with nearly 3 million jobs added in 2014.
During the State of the Union speech, Obama acknowledged that "it has been, and still is, a hard time for many."
(Excerpt) Read more at news.yahoo.com ...
Hmmm, interesting that even AP is turning on the "One".
With a name like Thevenin he should have gone into electrical engineering.
see, you have a burnt-out thevenator here...
The recovery has been great for Wall Street, Government Workers and the politically connected.
For everyone else, not so much.
There are a few pockets of relative prosperity, an over-inflated stock market, lower gas prices and a helluva lotta money being spent on healthcare insurance policies.
There are also a whole bunch of people chronically unemployed and there is no recovery.
Maybe so but compare the number of working in 2007 and now (2014). The population has increased. We still lack millions of jobs. And look at how many stopped looking for jobs! And look at those number of people losing jobs during the years Obama was busy destroying our healthcare system! Look how well the foreign born have done.
It was good to see that the MSM employees mentioned some of that.
The data are annualized except when noted otherwise. All are monthly or quarterly. I use the last month / quarter of the year.
Much of the size of this is taken up by instructions on how to get the sources of the data and much, much more data!
The numbered column headings are for:
Taking into account the year preceding the Obama administration, here is the first six years of the administration using these spread sheet formulas to compute %'s:
(2014 value - 2008 value) / 2008 value
I get
Col 11 and Col 12 are the (phony?) Unemployment rate and Unemployment rate of the full-time labor force, respectively. See table for President Obama's disasters in these categories:
| Year |
|---|
| 2007 |
| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| Year |
| 2. |
|---|
| 232937 |
| 234825 |
| 236739 |
| 238712 |
| 240431 |
| 244169 |
| 246564 |
| 248843 |
| 2. |
| 3. |
|---|
| 153645 |
| 154723 |
| 153591 |
| 153803 |
| 153995 |
| 155450 |
| 154989 |
| 156258 |
| 3. |
| 4. |
|---|
| 66.0 |
| 65.9 |
| 64.9 |
| 64.4 |
| 64.0 |
| 63.7 |
| 62.9 |
| 62.8 |
| 4. |
| 5. |
|---|
| 146272 |
| 144091 |
| 138368 |
| 139155 |
| 140669 |
| 143303 |
| 144205 |
| 147344 |
| 5. |
| 6. |
|---|
| 62.8 |
| 61.4 |
| 58.4 |
| 58.3 |
| 58.5 |
| 58.7 |
| 58.5 |
| 59.2 |
| 6. |
| 7. |
|---|
| 121621 |
| 118281 |
| 110906 |
| 111655 |
| 113269 |
| 115610 |
| 116826 |
| 119707 |
| 7. |
| 8. |
|---|
| 24727 |
| 25836 |
| 27423 |
| 27444 |
| 27355 |
| 27684 |
| 27378 |
| 27657 |
| 8. |
| 9. |
|---|
| 7374 |
| 10633 |
| 15223 |
| 14649 |
| 13326 |
| 12146 |
| 10784 |
| 8914 |
| 9. |
| 10. |
|---|
| 6009 |
| 9009 |
| 13444 |
| 12867 |
| 11521 |
| 10338 |
| 9171 |
| 7478 |
| 10. |
| 11. |
|---|
| 4.8 |
| 6.9 |
| 9.9 |
| 9.5 |
| 8.7 |
| 7.8 |
| 7.0 |
| 5.7 |
| 11. |
| 12. |
|---|
| 4.7 |
| 7.1 |
| 10.8 |
| 10.3 |
| 9.2 |
| 8.2 |
| 7.3 |
| 5.9 |
| 12. |
| 13. |
|---|
| 79291 |
| 80102 |
| 83148 |
| 84908 |
| 86436 |
| 88719 |
| 91575 |
| 92584 |
| 13. |
| pop. |
|---|
| 301230 |
| 304090 |
| 306770 |
| 309330 |
| 311590 |
| 313910 |
| 316160 |
| 319470 |
| pop. |
| labor1 | labor1 | |
|---|---|---|
| 123524 | 22810 | |
| 121211 | 22138 | |
| 116663 | 21290 | |
| 117006 | 22153 | |
| 118033 | 22647 | |
| 119844 | 23216 | |
| 120636 | 23787 | |
| 122558 | 24890 | |
| labor1 | labor1 | |
| force | force | |
| domestic | foreign | |
| born | born | |
| [1000s] | [1000s] |
| PR2 |
|---|
| 68.2 |
| 67.9 |
| 67.2 |
| 67.8 |
| 67.4 |
| 66.4 |
| 66.1 |
| 65.9 |
| PR2 |
| UR2 |
|---|
| 4.7 |
| 7.6 |
| 11.0 |
| 10.6 |
| 8.8 |
| 8.0 |
| 6.5 |
| 5.3 |
| UR2 |
| income3 |
|---|
| 56,436 |
| 54,423 |
| 54,059 |
| 52,646 |
| 51,842 |
| 51,759 |
| 51,939 |
| N |
| income3 |
| median income |
| Recession |
|---|
| Dec 2007 |
| to |
| Jun 2009 |
| - |
| - |
| - |
| - |
| - |
| Year |
|---|
| 2007 |
| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| Year |
| GDP |
|---|
| 1.8 |
| -0.3 |
| -2.8 |
| 2.5 |
| 1.6 |
| 2.3 |
| 2.2 |
| 5 |
| GDP |
| % chg |
| PCE |
|---|
| 0.34 |
| -3.16 |
| -0.01 |
| 2.79 |
| 0.94 |
| 1.32 |
| 2.51 |
| 2.21 |
| PCE |
| U-6 |
|---|
| 8.8 |
| 13.6 |
| 17.1 |
| 16.6 |
| 15.2 |
| 14.4 |
| 13.1 |
| 11.2 |
| U-6 |
| U-2 |
|---|
| 2.5 |
| 4.3 |
| 6.3 |
| 5.7 |
| 4.9 |
| 4.2 |
| 3.5 |
| 2.8 |
| U-2 |
| SSDI |
|---|
| 823,106 |
| 895,011 |
| 985,940 |
| 1,052,551 |
| 1,025,003 |
| 979,973 |
| 884,894 |
| 810,973 |
| SSDI |
1labor: If second labor column (foreign born) is not shown hover the labor (domestic numbers) for foreign born numbers.
Source: to find the tables go here Data Retrieval: Labor Force Statistics (CPS)
HOUSEHOLD DATA Table A-7. Employment status of the civilian population by nativity and sex, not seasonally adjusted [Numbers in thousands]
Employment status and nativity. Then
Scroll down to "Retrieve Data"
The data that I include above are from the month of December except for 2014 where November is the last month with data available.
2 PR Civilian labor force participation rate, foreign born and UR unemployment rate, foreign born. See 1 for source.
3income: For the Census Bureau income data go here. Choose "Consumer Income Reports (P60)" then choose "P60-249 Income and Poverty in the United States: 2013" (pdf file).
|
The numbered column headings are for:
The rest of the columns are:
Some columns are combined / omitted to fit desired columns on a PC screen. Use hover to view combined columns.
All values in the numbered-columns are from annualized quarterly sources. The value displayed is for the fourth quarter.
| Table Information |
|---|
| Column headings 1 to 13 |
| I've combined several tables into one. Most of the tables were obtained here: go to Bureau of Labor Statistics (BLS) Labor Force Statisics from the Current Population Survey (CPS). Make your selections. I chose quarterly data. I took the fourth quarter data from each table and combined them into the main part of the table above. For the year 2014 I took the third quarter data. |
| pop. Population data |
|---|
| Go here U.S. population and US Census clock, Dec 22, 2014 319.47 million |
| Recession |
|---|
| CENSUS BUREAU, BUREAU OF LABOR STATISTICS SOURCES |
| National Bureau of Economic Research, Inc. Cambridge MA 02138 US Business Cycle Expansions and Contractions Link from BLS SPOTLIGHT ON STATISTICS THE RECESSION OF 2007 – 2009 |
| GDP - Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product (annual rates) |
|---|
| see PCE |
| PCE Personal consumption expenditures |
|---|
| The GDP Personal consumption expenditures percentage US Department of Commerce, Bureau of Economic Analysis (BEA) Gross Domestic Product (GDP) If you are not at Gross Domestic Product (GDP) search for it. It should be on page http://www.bea.gov/national/index.htm. Then click on
I did not know which tables to look for so I chose to download them all in csv format. I clicked on Section 1 (2852.7k) I used Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product |
| U-6 |
|---|
| Hover column for U-2 data. |
| U-1 to U-6 unemployment rates. We know how the "official unemployment rate" is manipulated so I won't include it here. These are annualized monthly data for December. For 2014 I used November. |
| Series Id: LNS13327709 Seasonally Adjusted Series title: (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers Labor force status: Aggregated totals unemployed Type of data: Percent or rate Age: 16 years and over Percent/rates: Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached. |
| U-2 |
|---|
| U-1 to U-6 unemployment rates. These are annualized monthly data for December. For 2014 I used November. |
| Series Id: LNS14023621 Seasonally Adjusted Series title: (Seas) Unemployment Rate - Job Losers Type of data: Percent or rate Age: 16 years and over Reasons looking for work: Job losers and persons who completed temporary jobs U-2 |
| SSDI |
|---|
| Selected Data from Social Security's Disability Program |
| The following table presents unedited data (including corrections, if any) on disabled worker beneficiaries paid from Social Security's Disability Insurance Trust Fund. In particular, unedited award data may contain duplicate cases. |
| 2014 data are the sum of first three quarters |
Footnotes
N Not available.
Z Represents or rounds to zero.
Don’t worry there will be some FReepers along shortly to explain the problem is Josh doesn’t get out much. At least that is what they told me not long ago when I made the same observation.
Gas prices are finally coming down after crony capitalists have scr@@ed us for years. No interest rates on our bank accounts and CDs. Everybody complaining about how high food prices are. Half the people I know are taking second jobs. I know a lady who bought a new sewing machine to start a home-based seamstress business and she’s solid middle class Caucasian.
It’s Ok Josh, FREE College is on the way.
That’s right. What kind of name is ‘Thevenin’?
All he has to do is say his name and the interviewer thinks his last name is ‘Stevens’ but he’s some kind of ‘tard with a serious speech impediment, to wit, a faggoty lisp.
So there it is.
Change your name to Brown, Thevenin. We’re always eager to help here.
Thanks for the data.
I’m changing my name to something easy to say, like Mukey Smithinsonjin. It sounds better than asshole.
there is no economic resurgence. people are working for free or sitting at home
Now that he has safely been re-elected, the enemedia can play impartial for a little while (trying to claw back some credibility) before getting in bed with the 2016 crop of Dem candidates.
After the report a few months ago indicating practically all new jobs had gone to immigrants, one can safely assume MOST Americans are still feeling the pinch of this Depression. Here in the northeast (where only a fool would open a new legitimate, taxable business, there has been no recovery at all. In fact, we haven’t hit rock bottom yet.
The scary thing with the part-time jobs in my area is that they aren’t designed to be second jobs; by requiring availability for all shifts (to allow companies to function with fewer employees by using “floaters”), they are basically designed to be your ONLY job (and at low pay).
Besides public employees, it seems more and more of the people I see on their way to work each morning are our illegals heading to restaurants, car washes and such.
Wall Street itself isn’t doing well (in terms of jobs); many of them have gone to Asia, and it has left a lot of unemployed workers with similar job skills all seeking work at the same time. As for the stock market, company stock prices do well any time layoffs of American workers are announced, so you could imagine what the recent gains are resulting from...
According to Kelley Ayotte, there are 2.9 people working to pay for that one person on government benefits.
According to Kelley Ayotte, there are 2.9 people working to pay for that one person on government benefits.
Six plus years into this DISASTER and the AP gives us a single article. Amazing.
These were being cranked out by the media when Bush’s tenure gave us that “awful” 5.3% unemployment with MILLIONS MORE in the work force.
We recently saw the stage play “The Lion King”, and I swear the seizure of power by Scar and how he laid waste to the prosperity of the land by allying with the hyenas made me think of Obamanomics. He lives it up while the masses struggle.
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