Posted on 09/06/2013 6:35:37 AM PDT by Oldeconomybuyer
Edited on 09/06/2013 7:28:45 AM PDT by Admin Moderator. [history]
Job growth in the U.S. is slowing, the Labor Department confirmed today, reporting that 169,000 jobs were added in August as unemployment fell to 7.3 percent.
Economists were expecting a gain of 180,000 jobs, according to a Bloomberg survey. They expected unemployment to stay at 7.4 percent.
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Those two sentences together make no sense whatsoever to a sane person.
Although the national unemployment rate dropped from 7.4 percent to 7.3 percent in August, the number of Americans who actually held jobs during August dropped 115,000 from July.
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In what universe does this statement make sense?
>>In what universe does this statement make sense?
It makes sense in the Obamaverse. The middle class is being eradicated and no one but the middle class cares—and most of them are too busy watching football and reality shows.
The rich get richer.
The welfare class gains clout as new people add to their ranks each month.
Everyone wins....except the workers.
Horrible drop out rate, labor force participation, etc. Obamacare is to blame, but Socialist policies are the real killer.
Idiot liberals. Carter left the economy in shambles and 4 more years of Carter would have been the end of the United States. Reagan improved the economy the most ever despite having to fight with idiot liberals in congress.
I forget the stat (a week-old FR thread), but something like 3 years ago for every 7 full-time new job hire there was 1 part-time job hire. Now it is something like 4 part-times for every 1 full time. I’m sure I got the numbers wrong, but it was something REALLY drastic like that that made me reread the sentence a few times.
Found it. I was close. And the flip-flop only took ONE YEAR!!!!!
http://www.freerepublic.com/focus/news/3060049/posts
Bureau of Labor Statistics data show that the ratio of part-time to full-time jobs has completely flipped this year from historical trends. Last year, six full-time jobs were created for every one part time job. This year, only one full-time job is being created for every four new part-time jobs....
With people dropping out of the job market, and others only getting parttime jobs, guess what folks? Social Security deposits are going to, if not already, taking serious hits for future payments.
That means that the working class are not going to be fully funded in their Social Security expected payments, while the welfare/Obama free phone people are going to drain more money from the Treasury, thus further crippling the economy.
Expect higher taxes on every level, local, state and federal, if the Democrat policies continue. Expect further cuts in the military, the space program (what’s left of it), and in national security (i.e. NSA, FBI, CIA, DIA, etc).
You don’t seriously think that Obama and his marxists in Congress are going to do any real tax reform, welfare reform, or stop far-left environmental policies that are destroying jobs in the mining (esp. coal) industry, some of the fishing industries, and other energy producing industries (i.e. nuclear power).
It is only going to get worse with planned attacks on diesel fueled engines (trains, trucks, cars and possibly planes), expanded ethanol production which will raise the price of basic foods and feed grains, cuts in lumber operations, denial of drilling permits on federal lands, and the expansion of failed solar energy companies funding.
Obama and his planners are reds, and unless we wake up very soon and thrown a lot of these leftist idiots out of Congress in 2014, America is going to become 2nd rate power and an illegal immigrants paradise.
The economy took a major hit. It halted. Companies are not investing in the future but are holding onto their cash.
The worst part of socialism is the boredom.
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