Posted on 05/02/2014 6:53:01 AM PDT by SeekAndFind
The American economy gained steam in April, adding 288,000 jobs, while the unemployment rate fell to 6.3 percent, the lowest level since September 2008.
After a sharp slowdown in December and January, and a modest improvement since then, economists had been forecasting a healthy gain for April as consumer and business activity rose in tandem with temperatures in many parts of the country.
But the good news was tempered by a drop of 806,000 in the number of Americans in the labor force, pushing the labor participation rate down sharply. And despite the fall in joblessness, average hourly earnings did not rise at all.
The consensus among economists polled by Bloomberg before the Labor Department’s announcement Friday morning called for an increase of 218,000 in nonfarm payrolls, with the unemployment rate falling by 0.1 percent to 6.6 percent.
To be sure, month-to-month swings in hiring are a snapshot of the economy, rather than a portrait, and frequently blur.
(Excerpt) Read more at nytimes.com ...
These lies will continue right up to the November election. Everything necessary will be done to maintain these lies until then, after which their guard can be dropped if Republicans win by any measure.
800,000 left the labor force and they don’t make any real explanation of it. Just like they never talk about the millions that have fallen off unemployment but have not found work.
Democrats cannot ignore reality on the ground come November....people are HURTING under Obama...jobs are scarce...food/gas...everything is way more expensive.
Spin it all you want White House...people know it when their wallets are empty and those that want work are finding none.
It’s rather tiresome.
It is as if to every single thread on Free Republic, I wrote “Vote Democrats OUT!!! Impeach OBAMA!!!”
Yes, very nice sentiment. But now give me a plan.
Cringing Negativism Network puts out the same damn message as the same damn answer to every damn problem. First of all, jobs returning to America is a RESULT of a solution, not a SOLUTION. Secondly, how many times you gonna post the same bs without anything substantial behind it?
288,000 jobs created. 344,000 filed unemployment claims. 806,000 left the work force.
A raving success by the most transparent administration in the history of American politics and it’s minions in the MSM. / sarc
When most unemployment was short term, the UI claims would be a better mirror of who’s “out of a job.”
Not only has the span of typical unemployment increased, but a lot of the employment still left has become contracts of set duration.
That shrugs off healthcare costs, too. I don’t know what the best answer is, but Obamacare isn’t it. Being able to tie such insurance to being in the workforce at least had the actuarial advantage of showing that you weren’t so sick you could not work. That kept it semi-affordable.
QUITTERS’ ECONOMY.
The GOP needs to call out the Dems for being the champions of quitters.
And not even very good statistics.
Anything can be “measured”, but against what standards? A wholly subjective standard, in which the desired curve is first drawn, then only the data points which fit that curve are selected, and - Voila! - the desired outcome just magically appears.
Joe Stalin would be so proud of how well the Five-Year Plan worked.
Now it is time to institute the new Five-Year Plan.
Meanwhile, that territory once known as “the United States of America” continues to spiral ever deeper into a vast depression, while the band plays “Napoleon’s Retreat”.
bull hockey
- The total number of people not part of the workforce but who want a job (this includes both those who last looked between 5 and 52 weeks prior to mid-April and counted as marginally-attached to the workforce, and those who last looked before mid-April 2013 and not counted as marginally-attached to the workforce) – 6,146,000 (seasonally-adjusted), unchanged from March.
- The average private-sector workweek (seasonally-adjusted) – 34.5 hours, unchanged from March.
- The average manufacturing sector workweek (seasonally-adjusted) – 40.8 hours, down 0.2 hours from March. Sort of blows the good news that more people are working at least 35 hours per week out of the water.
- Via Tom Blumer (emphasis and extraneous comma in the original): While, the white teen unemployment rate dropped from 18.3% to 15.9%, the African-American teen rate went up from 36.1% to 36.8%.
Also, Tom noticed that the upward revisions in the February and March jobs numbers came more from changes in seasonal adjustments than from changes in the underlying non-adjusted numbers.
montag813 wrote:
<<
The economic rebound, which the media will accrue 100% to Obama and ObamaCare, plus the GOP’s betrayal of their base on immigration, may well cause White voters to stay home this fall, and see the Senate remain with a Democrat majority.
>>
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What “economic rebound”?? The labor force lost another 800,000 workers, marking the lowest U.S. labor participation rate since 1978, and first quarter GDP “growth” was an amysmally miserable 0.1% (yes, that’s POINT one percent) and our economy is on the brink of dropping to #2 in the world (behind communist China) for the first time since 1872. The economic data is all being fudged to look better than it really is and I don’t know of one person right now, including leftists, who think we’re in the midst of a booming economy. Do you??
The GOP needs to start supporting American jobs.
China will become the most productive nation on earth, probably this year.
China will lead the world.
GOP do something. Stop sending American jobs to China.
Everyone stop sending American jobs to China. Bring back jobs right here, to America.
Now.
Ok. I did it. Now what?
The difference between +.1% and anything negative is so infinitesimal that the margin of error puts negative growth not just as a possibility, but a probability, given the propensity of this admin to fudge the numbers to keep themselves from looking bad.
(amysmally = abysmally in my previous post.)
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