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Strongest jobs recovery in decades.

Jetboogieman

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NEW YORK (CNNMoney.com) -- A jobless recovery? Hardly.

By historical standards, the labor market is recovering nicely -- job growth has started earlier than in past recessions.

But the unemployment problem isn't going away. An especially tough recession has raised the bar on the amount of job growth needed to recover, magnifying the pain of the struggling labor market.

"If you had a severe recession, you tend to have a strong recovery," said Robert Brusca of FAO Economics. "So far that hasn't happened."

The unemployment rate hit a high-water mark of 10.1% in October 2009 and has since fallen to 9.5%. Payrolls began growing in November and, excluding the impact of temporary census jobs, the economy has added jobs every month since January.

That's a much quicker peak than previous job market recoveries.
Jobs recovery is stronger than past recessions - Sep. 2, 2010

Also from the article:

Heidi Shierholz, labor economist for the Economic Policy Institute, thinks another shot of stimulus spending by the federal government is called for in order to avoid more job losses.

"We owe the growth we have seen to the measures that the Fed and Congress took in early 2009," she said. "It's great to put the brakes on the jobs losses of last year, but we need to do more."
Now I would like to ask the folks out there in the audience this question:

If a second stimulus is needed to avoid a secondary and possibly more severe recession, would you be in favour of it?

Although the question is irrelevent as the White House has said there will be no second stimulus.

I think many people out there seriously underestimate just how severe this recession is, and that there is no magic fix for it.
 

apdst

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Except, that Recovery Summer has lost 293,000 jobs and the unenployment rate rose over the summer.

Your article is nothing other than propaganda.

The only way to fix the recession, is for the government to get the hell out of the way and let people make money.

Government can'ty create wealth and it can't create jobs.
 

Hicup

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Except, that Recovery Summer has lost 293,000 jobs and the unenployment rate rose over the summer.

Your article is nothing other than propaganda.

The only way to fix the recession, is for the government to get the hell out of the way and let people make money.

Government can'ty create wealth and it can't create jobs.

What he said ^^^


Tim-
 

Taylor

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"By historical standards, the labor market is recovering nicely "
Wow talk about spin, LOL. Let's hope Obama takes that message and runs with it. It will do wonders for him in the polls.
 

texmaster

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I try and stay out of economic threads but it is a mystery to me how this is a success in any way
 

Taylor

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NEW YORK (CNNMoney.com) -- A jobless recovery? Hardly.
Oops, there appears to be an error in the first line of the article.

NEW YORK (CNNMoney.com) -- A recovery? Hardly.
There, fixed.
 

ReverendHellh0und

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Jobs recovery is stronger than past recessions - Sep. 2, 2010

Also from the article:



Now I would like to ask the folks out there in the audience this question:

If a second stimulus is needed to avoid a secondary and possibly more severe recession, would you be in favour of it?

Although the question is irrelevent as the White House has said there will be no second stimulus.

I think many people out there seriously underestimate just how severe this recession is, and that there is no magic fix for it.

Recovering nicely?


Employment Situation Summary


283,000 jobs lost this summer. You call that "recovery"? :lamo
 

Erod

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Geez, talk about grasping for straws. LOL

Uh, no. Unemployment rose to 9.6 percent (and that's just of those who haven't quit looking), and we lost 283,000 jobs this summer.

Keep throwing darts in the dark.
 
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Taylor

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I try and stay out of economic threads but it is a mystery to me how this is a success in any way
It's not clear to you how three successive months of job losses (Jun, Jul, Aug) mark the "strongest job recovery in decades"?

When the recession ended under Bush in July 2003, there was a loss of 42k jobs in August followed by 46 months of successive job gains. That's what you call weak or mediocre jobs recovery. Strong job recovery is when you have a mix of job losses and a few gains from temporary census workers. Come on, this is basic Econ 101.
 

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Except, that Recovery Summer has lost 293,000 jobs and the unenployment rate rose over the summer.

Your article is nothing other than propaganda.

The only way to fix the recession, is for the government to get the hell out of the way and let people make money.

Government can'ty create wealth and it can't create jobs.
Ironic, since it was the lack of government that got you into the ****hole you are in now.. ahh the irony of American conservative economic thinking!

American conservative thinking = lets **** up the economy with lazzie-faire policies so our friends can get rich, and then to fix the problem... do more of the same!
 
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ReverendHellh0und

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Ironic, since it was the lack of government that got you into the ****hole you are in now.. ahh the irony of American conservative economic thinking!

American conservative thinking = lets **** up the economy with lazzie-faire policies so our friends can get rich, and then to fix the problem... do more of the same!



Uhm anything on the current "Recovery" or is partisan mouth foaming the catch of the day? :ssst:
 

texmaster

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It's not clear to you how three successive months of job losses (Jun, Jul, Aug) mark the "strongest job recovery in decades"?

When the recession ended under Bush in July 2003, there was a loss of 42k jobs in August followed by 46 months of successive job gains. That's what you call weak or mediocre jobs recovery. Strong job recovery is when you have a mix of job losses and a few gains from temporary census workers. Come on, this is basic Econ 101.
All I'm saying is that economics becomes very complicated. Yes the job loss is obvious but the reasons for the job loss and other areas where people can point to "recovery" make it more complicated and since the variables are almost always endless its not a subject I like to dive into. Do I support tax cuts? Absolutely. But that doesn't mean I understand all the variables of the economy.
 

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Jobs recovery is stronger than past recessions - Sep. 2, 2010

Also from the article:



Now I would like to ask the folks out there in the audience this question:

If a second stimulus is needed to avoid a secondary and possibly more severe recession, would you be in favour of it?

Although the question is irrelevent as the White House has said there will be no second stimulus.

I think many people out there seriously underestimate just how severe this recession is, and that there is no magic fix for it.
The article is a lot more pessimistic overall. The key point is that the recessions are getting deeper and deeper. The bit of good news you quoted is great, but we have a lot more ground to recover this time. In the long run, spending isn't the answer.
 

Erod

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All I'm saying is that economics becomes very complicated. Yes the job loss is obvious but the reasons for the job loss and other areas where people can point to "recovery" make it more complicated and since the variables are almost always endless its not a subject I like to dive into. Do I support tax cuts? Absolutely. But that doesn't mean I understand all the variables of the economy.
You don't. I don't. Obama doesn't. Truth is, no one really can.

What I do know is the government can do nothing but mess up the economy. Only the private sector can fix it.

And if you tax the private sector to cover up big-government messes, the private sector will take its ball and go home, and we're screwed.
 

apdst

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Ironic, since it was the lack of government that got you into the ****hole you are in now.. ahh the irony of American conservative economic thinking!
Um, no! It was because of government intervention, that we found ourselves in the ****hole we're in now. How much has the government invaded the private sector since 2007 and how much improvement has there been?

American conservative thinking = lets **** up the economy with lazzie-faire policies so our friends can get rich, and then to fix the problem... do more of the same!
The government can't create wealth, so it's extremely important that the private sector gets rich. The richer the private sector, the more revenue the government will get. Let a little common sense shine in.
 

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Uhm anything on the current "Recovery" or is partisan mouth foaming the catch of the day? :ssst:
On the current recovery... sure... it is way better than it was under Bush or would have been under Palin.. I mean the senile McCain.

As for partisan mouth foaming.. look at the other conservative posts.. that is your partisan mouth foaming.. mine is factual.
 

TurtleDude

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I try and stay out of economic threads but it is a mystery to me how this is a success in any way
it is the Gore voting theory applied to Obamaconomics

If the INTENT is to help then the action MUST have helped
 

apdst

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On the current recovery... sure... it is way better than it was under Bush or would have been under Palin.. I mean the senile McCain.

As for partisan mouth foaming.. look at the other conservative posts.. that is your partisan mouth foaming.. mine is factual.
Not if you insist that we're doing better under Obama than we were under Bush.
 

TurtleDude

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On the current recovery... sure... it is way better than it was under Bush or would have been under Palin.. I mean the senile McCain.

As for partisan mouth foaming.. look at the other conservative posts.. that is your partisan mouth foaming.. mine is factual.
are you basing that on a learned understanding of economic reality or based on a blind devotion to leftwing babble?
 

TurtleDude

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Not if you insist that we're doing better under Obama than we were under Bush.
He is doing better under Obama-he doesn't live in the USA and America's decline is the eurosocialists' gain
 

Harshaw

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are you basing that on a learned understanding of economic reality or based on a blind devotion to leftwing babble?
Ooooh! Oooooh! I know! Pick me!
 

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Not if you insist that we're doing better under Obama than we were under Bush.
Considering made next to no jobs during his presidency and all gains he did do, he pissed away, then yes you are doing better so far.
 

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But that doesn't mean I understand all the variables of the economy.
it's simple, it all comes down to the proper tossing and interpreting of chicken bones

most important---when you discuss your findings you must remain stubbornly and inscrutably obscurantist
 

apdst

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Considering made next to no jobs during his presidency and all gains he did do, he pissed away, then yes you are doing better so far.
9.6% unemployment means we're doing better than we were when unemployment was at 4%?

Take a break. Carrying all that water must be exhausting.
 
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