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I'm still waiting for someone to give me a serious, God-honest answer as to why the ADP and BLS numbers are always so far apart, and why their roles seem to have been reversed in recent months. Does this call into question just how accurate such reports are, and if it is even possible for us to get a clear, unadulterated picture of the actual "jobs added" number.
Did you look at how the generate their numbers? Maybe they have different methods of data collection or only focus on specific segments? I dunno...
Given the size of stim funding, it should be blatantly clear (for someone who understands fiscal policy) that this administration underestimated the sheer downward velocity of this recession.
There are still people on this very forum that believe "things were worse in the 1980's", so why are you using it as a premise for your argument?
I'm still waiting for someone to give me a serious, God-honest answer as to why the ADP and BLS numbers are always so far apart, and why their roles seem to have been reversed in recent months. Does this call into question just how accurate such reports are, and if it is even possible for us to get a clear, unadulterated picture of the actual "jobs added" number.
It (their survey) is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients.
"You look at the charts for private sector growth and you could see, we were building a nice, steady crescendo," Brusca said. "All of a sudden the bottom fell out!"
The main culprit economists are point to: uncertainty.
Businesses are hesitant to hire given uncertainty surrounding federal spending cuts and tax policy, as Congress still has yet to reach an agreement on the debt ceiling and long-term measures for trimming the nation's deficit.
"I think a lot of this is the backlash to the impasse in Washington," Brusca said. "If you're a small business man, you sit back and say I'm not doing anything, I'm not hiring -- until I see what happens in Washington."
But a variety of other factors also could have contributed to the recent weakness.
"There isn't a single silver bullet -- there are a number of factors coming together," said John Silvia, chief economist for Wells Fargo. "The tsunami, floods, higher gas prices, and the stalemate in Washington all create a lot of uncertainty."
Obama never ran so much as a lemonade stand.....the majority of his administration never ran so much as a candy store........
.........it wasnt so much "underestimated" as it was "complete and utter cluelessness".......and then the administration wrote a stimulus bill without having a clue on how to stimulate an economy.
$288 billion in tax cuts and benefits for millions of working families and businesses
Because there are those that believe....
---Without Obama/FDR it would have been worse.....and when its worse......it would have been worser------
Basically, it is an employer survey vs a household survey.
Which means that employers were far more upbeat on their labor market prospects than those who actually labor.
From ADP:
I guess the next question would be, why the huge discrepancy between the outlooks of employers versus laborers?
I think this is going to help remove Obama from office because he is the one who has do nothing worth a damn to create jobs that didn't cost more than they are worth.
President-elect Barack Obama promised Saturday to create the largest public works construction program since the inception of the interstate highway system a half century ago as he seeks to put together a plan to resuscitate the reeling economy.
What the hell went wrong? LOL, i don't think that many people want to hear the answer.President-elect Barack Obama promised Saturday to create the largest public works construction program since the inception of the interstate highway system a half century ago as he seeks to put together a plan to resuscitate the reeling economy.
You DO mean on both sides, right?Where have we come to as a country when we take pleasure in bad unemployment numbers because it makes the other side look bad?
That depends entirely on what those "things" are and the means to achieve them.Where have we come to when it is a "good" thing to not compromise to get things done.
Bad news. Unless there is dramatic, even draconan, cuts in spending, especially entitlement spenidng - this country will fail.You know what I don't blame Washington, I blame us. This partisan crap has to end or this country will fail.
I'd interested in knowing what you believe the answer is.
I guess the next question would be, why the huge discrepancy between the outlooks of employers versus laborers?
You know this is getting really irritating. Where have we come to as a country when we take pleasure in bad unemployment numbers because it makes the other side look bad? Where have we come to when it is a "good" thing to not compromise to get things done. Both parties are treating american citizens as monopoly board game pieces just to prove a political point.
You know what I don't blame Washington, I blame us. This partisan crap has to end or this country will fail. Republicans...everyone does not share your values. Democrats...Everyone does not share your values. We have to co-exist if we are to remain a great country. How patriotic are you if we are hoping for the president demise in order to put your candidate in the white house no matter what the cost is? Hell even Reagan compromise with the democrats.
And by the way, both parties share responsibility for these numbers. Please name one job bill or ideal that the republicans have place on the table that would put Americans to work right now. All I seen is jobs being loss due to spending cuts . Just look at all the public job being loss. Boehner himself said that if jobs are lost due to spending cuts then so be it.
This is an example of the problems created when the government begins to have massive cuts during a recession, particularly when those cuts mean job losses.
Search my post history during the first month of the Obama presidency, and you will see a clear resemblance to that of the bold aspect of that quote.
What we need(ed) is:largest public works construction program since the inception of the interstate highway system
Cuts? As in SPENDING cuts?This is an example of the problems created when the government begins to have massive cuts during a recession
This is an example of the problems created when the government begins to have massive cuts during a recession, particularly when those cuts mean job losses.
The more jobs the government cuts, the more consumers are taken out of the equation. The less consumers we have, the less we produce. The less we produce, the less likely we are to generate jobs. The less jobs we have the lower the revenue the government can collection from taxes. And the vicious cycle repeats.
What we need is to stop shedding government jobs, raise taxes and pump out jobs through rebuilding American infrastructure.
You DO mean on both sides, right?
That depends entirely on what those "things" are and the means to achieve them.
I have absolutely NO issue with absolutely refusing to compromise on certain things.
Bad news. Unless there is dramatic, even draconan, cuts in spending, especially entitlement spenidng - this country will fail.
WHAT RECENT SPENDING CUTS caused these job losses?
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........thanks for playing......
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