Jobs update: Are you ready for this?

Ocala Star-Banner ^ | 2/22/06 | Paul Craig Roberts

[Darkwolf377]

So there are 7 million more unemployed than when Bush took office?

[1rudeboy]

Posted here with 260(+) replies.

[ChessExpert]

"Nonfarm payroll employment increased by 193,000 in January, and the
unemployment rate fell to 4.7 percent, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today."

http://www.bls.gov/news.release/empsit.nr0.htm

Has the unemployment rate ever been so low in your lifetime?

[Ben Mugged]

If this was true, why isn't the NYT on it like ugly on an ape? My BS meter is upwardly mobile.

[Eric in the Ozarks]

The reporter really had to twist the facts to produce this pile. Of course, Ocala isn't the brightest bulb on the string.

[The_Victor]

This is at least the third time (that I've seen) that this Paul Craig Roberts bilge has been posted. Cherry picked stats don't make for an accurate presentation of the truth.

[cripplecreek]

Job growth over the last five years is the weakest on record.

I live in Michigan, you ain't telling me nothing I didn't already know.

[cp124]

No manufacturing is good news. We need more low skilled jobs to keep the political class in power.

[Darkwolf377]

I checked the original thread and there are many terrific posts from FReepers about the economy over there.

[Hendrix]

"I live in Michigan, you ain't telling me nothing I didn't already know."

Your state runs businesses out of the state, along with job creation, by high taxes and other anti-business policies.

[italianquaker]

holy overreaction batman

[cripplecreek]

It certainly doesn't help but neither does outsourcing.

[Revolting cat!]

[Alberta's Child]

Looks like this was published today as a syndicated column in the Ocala newspaper, but in fact it was originally published elsewhere sometime last week.

[Eric in the Ozarks]

This cartoon is so wrong. Anyone who can sell stuff, ideas, tangibles, services, can land a good job right now.

[Brilliant]

"United States is experiencing a job depression..."




So much for his opinion. What does he mean that the BLS "rebenchmarked" the statistics? If you change the way they are calculated, that does not alter the number of jobs you have.

[babygene]

I have the answer to this...

Recruit jobs at the Mexican boarder. Put them on a plane to Iraqi, accompanied by bags and bags of Portland cement. Send along a parish priest for every 2500 Mexicans.

This would solve our problem, and help with Iraqi at the same time.

[RS]

Well, it sure looks like ANYONE can get a job writing columns, no matter how ignorant you might be.

[somniferum]

Over the past five years, the U.S. economy experienced a net job loss in goods-producing activities. The entire job growth was in service-providing activities - primarily credit intermediation, health care and social assistance, waiters, waitresses and bartenders, and state and local government.

U.S. manufacturing lost 2.9 million jobs, almost 17 percent of the manufacturing workforce. The wipeout is across the board. Not a single manufacturing payroll classification created a single new job.

Did the amount of goods produced go up or down? Without saying that, this is a meaningless statistic.