Wousy-Wousy-woo...
Posted on 08/06/2004 5:30:25 AM PDT by RWR8189
32,000 jobs were created in July. The unemployment rate down at 5.5%
Details to come...
ouch
no way the average sheeple is going to understand that argument.
It is too early for a speech on the Energy bill.
That will come at Convention Time.
Of course they will.
By the time he makes it, every F*ng pundit in the world that does Financial news will have uttered various pieces of it six jillion times....
The Package is sitting with the ribbon on it. All he needs to do is tie it together.
You tie the Economy, to Terrorism, and this election is OVER.
How in the name of all that is holy does the government ascertain how many people WANT a JOB?
Wousy-Wousy-woo...
"1.078 million jobs created this year.
1.483 million jobs created since last August."
How many jobs created since January 2001? You and I know that will be the 'talking point'. It's all a matter of when you start measuring.
I've got a mortgage, a car payment, utility bills, etc. I would like to meet some of these "discouraged" unemployed people who can afford to just quit looking for work. I think what's really happening is that these people are either joining the welfare rolls, or they are doing things like starting their own businesses. If there's more of the latter, that is good for the economy, not bad.
Why W insists on daytime speeches (enabling the MSM to spin the message on the evening news) I'll never understand. Prime Time (or better yet, Sunday just before 1pm Football) unfiltered; that's how to do it!
It also counts me. I work every day but I happen to work for myself now, and not on EBAY. I dropped off of the payroll data when I left the Fed Gov (happy day) but I immediately started a new full time job.
It also counts the guy who did a fantastic job on tiling my floors last month.
Even if you discount the household numbers by HALF, we're still talking about 300K jobs.
I'm not an economist, but I have read somewhere that the methodology used to provide the unemployment rate was established back in the days when the economy was largely industrial output/ factory oriented and thus statistics are collected only from companies where there is a separation of employer/employee type arrangement. It does not collect data on people who leave this kind of work force to start their own service based businesses - a sector which is becoming more and more important as we move from a production based to a knowledge based economy. Therefore, the people self employed in the "knowledge" based industries are not factored in to current stats which distorts the true employment picture more and more as time goes on.
< /sarcasm >
There's some good and bad in this whole thing. If oil prices could come down, the numbers would start looking much better.
That is just ridiculous - No one will watch the Convention first off - Secondly Americans will see at "just policits" at the Convention - Third, Americans are going to say you have BEEN THERE 4 YEARS already!! - Fourth, this should have been done 8 months to a year ago!! - Addressing the nation in a prime-time speech would gather many more viewers then his Convention speech will.
Not true at all. These are all seasonally adjusted numbers - statistically massaged. They have little bearing on the reality of the situation. They also only refer to people employed by others. It is of course possible to make a job working for yourself, which is what more and more people are doing - hence the unemployment rate dropping.
Reality is that 629,000 people got jobs last month. But you'll never hear that in the liberal news media.
http://www.bls.gov/news.release/empsit.nr0.htm
"Total employment rose by 629,000 to 139.7 million in July, and the employment population ratio--the proportion of the population age 16 and over with jobs--increased to 62.5 percent. The civilian labor force also increased over the month, rising by 577,000 to 147.9 million, and the labor force participation rate rose to 66.2 percent."
2.2 million more people are employed this July than last July by the unadjusted figures for the Household Survey. 1.65 million more people are employed this July than last by the Payroll Survey. 500,000 more people are employed as professionals this year versus last. 350,000 more in health care. 300,000 more in trade and transportation.
Interestingly, last years "Seasonal Adjustment" ratcheted the Payroll employment up 333,000 jobs. The adjustment in July 2002 was 336,000. In July 2001 it was 286,000. In July 2000 266,000. This year's adjustment was 153,000 jobs. The net difference of 180,000 "adjustments" this year to last is the difference between a continued "boom" and an anemic recovery.
"go take a look at where most of those "back to school items" are made. then tell me how selling that stuff is going to employ americans."
Free trade is good for us (repeat 5 times, turn around, click heels - to make it so) - you are not with the'program'. :)
Still trolling I see.
'I am thinking of sending Rush an academy award in advance of the spin he is going to put on these bad economic numbers.'
Rush will ignore the numbers (unless he gets an Open Line Friday call about it); he'll focus on Kerry/Guiliani
No kidding. That would start a sh*tstorm wouldn't it?!
I don't see how he would lose on it though. Something along the lines of "Some in Congress, specifically my opponent, have blocked passage of my comprehensive energy bill for 3 years. I will no longer stand by and allow the economy to be harmed to satisfy the lunatic fringe of the Democrats leftist environmental wing."
I would really prefer the Reaganesqe: "My fellow Americans, I have just signed legislation outlawing idiot environmentalists from meddling in Alaska. The DRILLING will begin in 5 minutes."
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