Obama is gonna make all those rich bastards pay so there is absolutely no need to worry. He's got four whole years ahead of him to fundamentally transform us. With a Dem controlled house in 2014 and Pelosi back at the helm, well, the goodness will be overwhelming.
Get every member of the household on unemployment, pop out some kids and let the good times roll. The rich can probably bankroll all of this forever I'm guessing.
Oh, and don't turn in those guns too early. There's a good possibility that the .gov will pay more for them at a later date. Sell high, it's how the evil rich bastards made their money.
Most importantly, trust in Our Father, Who art in the White House
As does yours. But mine has a message in it and you get it so I have accomplished my goal.Your post has zero substance.
http://www.cnbc.com/id/100537056
Job creation broke out in February, with the economy creating a net 236,000 new jobs as the unemployment rate fell to 7.7 percent.
Private job creation stood at a robust 246,000, finally indicating that the economy may be ready to escape the tight growth range in which it has been held since the financial crisis.
OP = owned and should stop posting
Well they just announced this morning that unemployment is down by 7.7% and construction jobs are way up. So far looks good. Although they asked is this the high water mark before the sequester starts to affect people.
236,000 jobs ADDED to the economy in February and Jobless rate falls to 4yr low
http://www.nytimes.com/2013/03/09/business/economy/us-added-236000-jobs-in-february.html?_r=0
http://www.huffingtonpost.com/2013/03/08/february-jobs-report-jobs-unemployment-rate_n_2836174.html
Among the sectors adding the most jobs in February were construction, which hired 48,000 people; health care, which added 32,000 people; and the retail sector, which added nearly 24,000. Temporary services payrolls grew by 16,000, possibly a leading indicator for future hiring. The motion-picture industry added 20,800 jobs.
participation rate and unemployment rate both drop at the same time. Coincidence?
Now, let's not post the positive. This is another debby downer McOwn'd thread.
Well they just announced this morning that unemployment is down by 7.7% and construction jobs are way up. So far looks good. Although they asked is this the high water mark before the sequester starts to affect people.
2-9-2013
http://www.nbcchicago.com/news/local/Illinois-to-Lose-1800-Jobs-by-March-138924654.html
Illinois to Lose 1,800 Jobs by March
Sixteen companies, based both inside and outside of Illinois, informed the state that they have cut or are planning to cut jobs,
The biggest cuts came from Hull House Association, the social service agency in Chicago that closed at the end of January, leaving nearly 300 workers unemployed. Also at the top of the list is TCF National Bank, which plans to eliminate more than 200 employees at two branches in the Chicago area.
Other companies, including Kraft Foods Inc., Dearborn Wholesale Grocers L.P., and Garden Fresh Market plan to eliminate jobs as well.
http://www.bls.gov/web/empsit/cpseea05.htm
Civilian labor force increased, number of employed increased, number of unemployed decreases (except a bit for bachelor's degree and above).
Participation rate has been in secular decline for quite some time.
IIRC, not just aging population with older workers retiring, but women are not entering workforce as aggressively as they have in past, and I think third reason was students not taking temporary jobs like they had in past (?). I forgot exact number, but even if we had full employment, I think natural trajectory of participation rate is around 61%.
http://www.calculatedriskblog.com/2012/10/employment-decline-in-participation.html
OP = owned and should stop posting
Any day I get to poke holes in Dave's gloom and doom scenarios is a good day. :thumbsup:
2% GDP appears to be steady state point in terms of job creation.
First quarter GDP is supposed to be tracking 2.5% (acceleration from end of last year)
Sequester supposed to knock 0.5% off of GDP and "cost" 500,000 - 750,000 jobs (lost or not created) over 10 months starting around mid-year. Supposed to start knocking about 50,000 off of monthly jobs reports number beginning about mid-year.
Rebuild from Hurricane Sandy is supposed to start being stimulus for country going forward.
The discount retailer's [Target's] fourth-quarter profit fell short of Wall Street expectations as the number of purchases dropped 1 percent, the first such decline in 14 quarters.
Anyone who is honest with himself understands the points you made are true. Unfortunately, the media is spoon fed information from the government and reports it with the spin our leaders want on it. The brighter among us know what's going on in this regard. The uninformed voters, and they are legion, don't know and don't care and the faithful followers rejoice and regurgitate the talking points fed to them by the media.I tend to agree with dmcowen though. These days a waiter will not only deliver your wine to the table, but could also explain its molecular composition if you wanted.
The jobs being added ARE low wage jobs. The jobs lost were middle income/high income jobs. One reason unemployment is going down is because people have given up looking for work and wall street cheers about it.
The computer field is very hot right now, and it has gone to this forums head a bit. Maybe try talking to people whose jobs do not revolve around computers for once. (The other 95% of the economy)
Its common sense that the unemployment numbers are crap. They go down because people are so hopelessly unemployed they stop trying to apply for jobs. Hooray recovery!
Its common sense that the stock market has nothing to do with the main street economy anymore. Hooray record corporate profits & simultaneously stagnant wages!
I dunno about "lay offs right around the corner" but things won't last this way forever. Its an era of transition. Everything right now is very impermanent.
236,000 jobs ADDED to the economy in February and Jobless rate falls to 4yr low.