Posted on 01/31/2014 7:14:17 AM PST by SeekAndFind
The government said GDP rose 3.2% in the last three months of 2013 -- one of the fastest rates since the end of the recession, though slower than the third quarter's 4.1%. Still, that sounds good, until you remember this: Employers only added 74,000 jobs in December -- one of the worst months in nearly three years. Stronger economic growth is supposed to equal more jobs. So what gives?
It does appear that the normal relationship between jobs and GDP has broken down. In the first half of 2013, for instance, GDP growth was at 1.9% and employers added an average of 195,000 jobs a month. In the second half of the year, GDP picked up to 3.6%, but the rate of job growth slowed to 170,000.
Over the past decade, on average, a one percentage point change in GDP has translated to about 115,000 more, or fewer, jobs. But the number jumps around a lot. And there are some things that do tend to disrupt the relationship.
(Excerpt) Read more at finance.fortune.cnn.com ...
It’s almost as if the GDP numbers are wrong.
Perhaps the reason why nothing makes sense is because someone is cooking the books.
Maria Shriver and her progressive friends say that more forced employer mandates like higher minimum pay , paid leave and health care, that force the employers to shell out more $$$ for employees will get them to hire more...no??
Not enough customers?? Then raise the price to get more.
watch NYC become the next Hong Kong.
When you take away the QE fiat money pumped into the economy year after year GDP would be (and is) actually negative.
2. The GDP figure is real GDP growth = nominal GDP growth - inflation. The government if lying about the inflation rate, therefore the real GDP growth is a lot less than the reported figure.
Jobs are growing IN INDIA and elsewhere.
The work is being smuggled in online without paying any import duty.
Professionals have lost their jobs and some of them aren’t coming back.
The GDP figures are artificially high because of the money we borrowed to fund deficit spending by 0bama and friends.
I would add that the housing bubble is reinflating down here in FL. Home builders have started being more aggressive. Suburban houses are selling quickly. There are new liar loan programs, radio ads for home equity loans, etc. I haven’t seen this stuff since the bubble burst in 2008. All this has to have an effect on GDP.
You nailed it.
And his wealth transfers via food stamps, unemployment, and welfare feed GDP without touching employment.
RE: Jobs are growing IN INDIA and elsewhere
Expect Mr. “Bring jobs back to America” to appear on this thread soon...
‘cause the numbers are phony
Impeach Obama in 2014. Period.
FORTUNE`s lie by omission- Obama/Soetoro rigged, er, revised, GDP numbers to include “ intangibles” such as films, books,R&D, magazines and iTunes songs !
VOILA ! GDP goes up, economy is roaring, Obama/Soetoro`s neo-marxist economics is genius:
FINANCIAL TIMES:
“
The US economy will officially become 3 per cent bigger in July as part of a shake-up that will see government statistics take into account 21st century components such as film royalties and spending on research and development.
Billions of dollars of intangible assets will enter the gross domestic product of the world’s largest economy in a revision aimed at capturing the changing nature of US output.
Brent Moulton, who manages the national accounts at the Bureau of Economic Analysis, told the Financial Times that the update was the biggest since computer software was added to the accounts in 1999.
“We are carrying these major changes all the way back in time – which for us means to 1929 – so we are essentially rewriting economic history,” said Mr Moulton.
At present, R&D counts as a cost of doing business, so the final output of Apple iPads is included in GDP but the research done to create them is not. R&D will now count as an investment, adding a bit more than 2 per cent to the measured size of the economy.” “
Apple products are made in China , so remove the new definition of GDP, remove the Trillions being printed by the Fed, the borrowing of the Treasury and most likely the REAL GDP is in negative territory.
“We are carrying these major changes all the way back in time – which for us means to 1929 – so we are essentially rewriting economic history,” said Mr Moulton
They added all this stuff to all periods. The increase was not due to the inclusion in just the current period. Methodologies are revised all the time and ripple through the entire time series. Very common.
Read and so added this at the end:
“Apple products are made in China , so remove the new definition of GDP, remove the Trillions being printed by the Fed, the borrowing of the Treasury and most likely the REAL GDP is in negative territory.”
LOL!
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