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U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Still don't understand the numbers you post but the U-6 number is monthly not cumulative meaning that discouraged workers and under employed is a monthly number. Better stop when you are behind.
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That's funny since I'm the one who educated you about the discouraged workers figure not being cumulative after you foolishly claimed they were.

Lesson for Conservative

I see you still haven't gotten over that lesson! :lamo:

At any rate, I didn't post the monthly figures for discouraged workers ... I posted the total number.

Jan/2001: 301,000
Jan/2009: 734,000
Mar/2013: 803,000

As I said ...

Bush: +433,000
Obama: +69,000

Conservative said:
You come into this forum, act like you know what you are talking about, put down anyone that disagrees with you, are an expert on every topic but the reality is you have no idea what you are talking about and no understanding of the data you post.
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You must have been looking in the mirror as you typed that.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

If apologizing for making a mistake isn't so difficult, how come I never see you do it?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

So? The labor force was 144 million when Bush became president ... it's 155 million now. Shouldn't you be happy it's up since then?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
And all the unemployed, underemployed and discouraged workforce dropouts.
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We could create more government jobs. Government would have to rase taxes for that.

Anyway:

Austan Goolsbee: I think the world vests too much power -- certainly in the president, probably in Washington in general -- for its influence on the economy, because most all of the economy has nothing to do with the government.

(Snip)


Ryssdal: So Clinton, "It's the economy, stupid" -- that's why the guy won.

Dubner: It's a fantastic campaign slogan -- you get to brag about how you'll raise employment and lower gas prices -- as if, Kai, there's some magical set of buttons in the Oval Office that you get to push once you're elected. A 'More Jobs' button.

But as Austan Goolsbee points out, the president's ability to actually change the shape and direction and velocity of the macroeconomy is extremely limited.

Does the president actually influence the economy? | Marketplace.org
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%


Here is the chart for discouraged workers, how you can say Obama's record is better is simply not true. I could call you a liar like you do but I will just say this is another example of you being wrong


Notice how great those numbers were in 2010, don't recall Bush having anything to do with the 2010 numbers or 2011 or 2012. You do realize that discouraged workers aren't counted as unemployed for the official numbers?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
So? The labor force was 144 million when Bush became president ... it's 155 million now. Shouldn't you be happy it's up since then?
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Great, and it was 154 million when he left office in 2009. it is 155 million four plus years later. Guess there wasn't any population growth the last four years as one million isn't much.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Throughout America’s history, presidents have gladly accepted the credit when economic times were good, and have been stuck with the blame when times were bad. But each one has learned that the president’s power to affect the U.S. economy directly, by executive action alone, is limited. The president is the commander in chief of the powerful U.S. military, but he can’t exactly bark orders at the nation’s sprawling free-market economy, let alone the global forces that interact with it.

Election 2012: Can a President Fix the Economy? - Wall Street Journal Classroom Edition - WSJ
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
If apologizing for making a mistake isn't so difficult, how come I never see you do it?
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When proven wrong I have done it here including to you, you have a very short memory as evidenced by your biased, distorted, and out of context responses.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%


No, I am just having fun making you look foolish. You call everyone a liar often which is a bad habit.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Great, and it was 154 million when he left office in 2009. it is 155 million four plus years later. Guess there wasn't any population growth the last four years as one million isn't much.
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How much of those jobs earn a wage and add to the economy?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Great, and it was 154 million when he left office in 2009. it is 155 million four plus years later. Guess there wasn't any population growth the last four years as one million isn't much.
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But it's up since then. You were cherry picking dates to show it is down when it's actually up.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
No, I am just having fun making you look foolish. You call everyone a liar often which is a bad habit.
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It's a lie that I call everyone a liar.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pbrauer said:
How much of those jobs earn a wage and add to the economy?
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Nothing Bush did will ever be good enough for you and nothing Obama has done will ever be scrutinized by you. Obama will never be held accountable by you for his very poor economic results and the worst recovery on record along with poor leadership skills. The economy grew from 9.9 trillion to 14.4 trillion during the Bush term, the highest in history, bea.gov.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

This is not 2010 and the numbers are what they are:

Bush: +433,000
Obama: +69,000
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
But it's up since then. You were cherry picking dates to show it is down when it's actually up.
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I gave you the data from bls. you don't like the data because it makes you look foolish which you are. Labor force grew over 10 million in 8 years under Bush and has grown 1 under Obama in four. That is a typical successful liberal record that you seem proud of.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
This is not 2010 and the numbers are what they are:

Bush: +433,000
Obama: +69,000
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Then tell the Bureau of Labor Statistics their numbers are wrong, the chart is the bls.gov chart, so you are the one wrong, not bls.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Well Bush is the only president since Hoover to leave office with fewer private sector jobs than when he started. That's obviously not an easy feat.

But Bush, being marvelous in failure, managed to accomplish that.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
Well Bush is the only president since Hoover to leave office with fewer private sector jobs than when he started. That's obviously not an easy feat.

But Bush, being marvelous in failure, managed to accomplish that.
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Great, now how does that explain the Obama record of failure? You think .4% GDP growth, 6 trillion added to the debt, high unemployment, record numbers on SS disability, millions on food stamps and other taxpayer assistance is a good economic record for our community organizer president? Obviously understanding leadership is another subject you don't understand
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Then tell the Bureau of Labor Statistics their numbers are wrong, the chart is the bls.gov chart, so you are the one wrong, not bls.
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WTF? Where did I say their numbers are wrong. I'm saying you're wrong, not the BLS.

Here it is again ...

In January, 2001, there were 301,000 discouraged workers.

In January, 2009, there were 734,000 discouraged workers.

That means when Bush left office, there were 433,000 more discouraged workers than when he started.

In January, 2009, there were 734,000 discouraged workers.

In March, 2013, there were 803,000 discouraged workers.

That means under Obama (so far), there are 69,000 more discouraged workers than when he started.

That's what the BLS says. That's what I say they say.

Bush: +433,000
Obama: +69,000

What part of that is not sinking in for you?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%


Since discouraged workers is a monthly number, Bush averaged less than half the number of discouraged workers per month than Obama, 420k vs 962k. What part of that don't you understand. Doubt those 962k monthly discouraged workers are excited to know that the percentage change is less than Bush's even though the numbers are twice as high.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

I guess you were happier under Bush when we lost 1.2 million jobs in a single month and the GDP was negative nine percent, huh?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

GWB average unemployment 5.3%.
BHO average unemployment 8.9%.
QED:lamo:lamo:lamo:lamo:lamo
Out. Be well.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sure, if you ignore the massive recession that Bush left for Obama which led to those numbers.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Sheik Yerbuti said:
Sure, if you ignore the massive recession that Bush left for Obama which led to those numbers.
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It's laughably embarrassing to still be blaming Bush

 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Jack Hays said:
GWB average unemployment 5.3%.
BHO average unemployment 8.9%.
QED:lamo:lamo:lamo:lamo:lamo
Out. Be well.
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Bush started with 4.2% -- Did not inherit a recession, but his average was still 1.1 point higher than when he started.

Obama started with 7.8% -- Inherit the worst economy in 80 years, and his average was also up 1.1 points higher than when he started.
 
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