• This is a political forum that is non-biased/non-partisan and treats every persons position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

US Job Market Loses Steam

The Prof

DP Veteran
Joined
Jul 26, 2009
Messages
12,828
Reaction score
1,808
Gender
Undisclosed
Political Leaning
Undisclosed
U.S. Employers Shed 131,000 Jobs in July; Unemployment Rate Steady at 9.5% - WSJ.com

The government's latest snapshot of the job market was bleak, a sign the economic recovery is running out of steam with 14.6 million Americans still searching for work.

Job growth proved anemic in July as governments cut jobs and private-sector employers barely expanded.

The economy shed 131,000 jobs, as 143,000 temporary Census workers fell off federal payrolls. Private-sector employment grew by 71,000 in July after a downwardly revised 31,000 in June. Government employment, not counting Census workers, fell by 59,000.

The unemployment rate held steady at 9.5% largely because people gave up hope of finding work and left the labor force.

The latest figures confirm the labor market has lost much of its momentum in recent months. The private sector has added 90,000 jobs a month on average so far this year, well below the 125,000 needed monthly just to keep up with population growth, let alone recover the eight million jobs lost during the recession. Two-thirds of the private-sector job creation this year occurred in March and April, when the economy's trajectory appeared stronger.

1. Unemployment remains 9.5%.

2. Among African Americans, it's 16.5.

3. Our economy LOST a net 131,000 jobs.

4. Private sector growth was a whimpish 71,000.

5. Economists expected 90.

6. We need here on the order of mid 6-figures monthly ever to get out of this mess.

7. Moreover, the May and June reports were revised downward.

8. The 83,000 private sector jobs those earlier assessments counted are now seen to be only 31,000.

9. Ominously, the public sector shed 202,000 workers.

10. Only 143,000 of them were census counters.

11. 48,000 state and local servants were axed.

12. Those are teachers, police and fire fighters, as so many of our biggest cities and states are facing bankruptcies like Greece's.

13. Net TEMPS fell 5600---terrifying.

14. The number discouraged and dropping out is dire.

15. Almost half the nearly 15 million Americans out of work have been so for more than 6 months.

16. It's not working, demonstrably, heartfeelingly.

17. The stimulus stalled.

18. So much of its massive girth was so seriously misdirected.

19. Romer quit Thursday, chief economic adviser.

20. She follows OMB Orszag, who left last month, she's going back to the Prof's alma mater, Cal.

21. She was "frustrated."

22. Who isn't?

23. She had to get away from that dread prediction of 8%, which the White House assured us would be the worst we'd see due to the stimulus.

Romer To Leave White House - Hotline On Call

24. She complained that the direct line to the president she perceived as part of her job description was blocked by obstructionists like Mr. Summers, former president of Harvard.

25. Just like DNI Blair.

26. There's an emerging culture problem in the White House.

27. Ask Shirley Sherrod.

28. Most haunting is HOUSING which, more than anything, brought us here.

29. There are millions more foreclosures coming on the near horizon.

Half of U.S. Home Loan Modifications Default Again (Update1) - Bloomberg

30. No wonder the president's approval on the economy, THE OVERWHELMING ISSUE OF OUR TIME, is an embarrassing and very ominous 39%.

Poll: Waning support for Obama on wars - USATODAY.com

31. His Summer of Recovery and Geithner's NY Times editorial, "Welcome to the Recovery:" just how far out of touch can a White House be?

32. Uncertainty is a cancer which kills economies, and every faltering misstep and mis-mumbled message the president makes is leading to doubt.

33. November nears and days darken.

The Prof
 
Last edited:

MaggieD

Supporting Member
Monthly Subscriber
DP Veteran
Joined
Jul 9, 2010
Messages
43,244
Reaction score
44,659
Location
Chicago Area
Gender
Female
Political Leaning
Moderate
U.S. Employers Shed 131,000 Jobs in July; Unemployment Rate Steady at 9.5% - WSJ.com The economy shed 131,000 jobs, as 143,000 temporary Census workers fell off federal payrolls. Private-sector employment grew by 71,000 in July after a downwardly revised 31,000 in June. Government employment, not counting Census workers, fell by 59,000.

Yet Obama says this on August 10th:
So what we need to do is keep pushing forward. We can't go backwards. This morning, the Department of Labor released its monthly jobs report, showing that July marked the seventh straight month of job creation in the private sector. So jobs have been growing in the private sector for seven straight months.

Huh?
 

Harshaw

Filmmaker ● Lawyer ● Patriot
DP Veteran
Joined
Oct 1, 2005
Messages
38,750
Reaction score
13,832
Gender
Undisclosed
Political Leaning
Libertarian - Right
He's latching on to the idea that the private sector has created a few dozen thousand jobs per month for last several months and ignoring that actual employment is dropping.

The private sector needs to be creating 200,000 jobs or more per month to sustain a robust recovery. As it is, it's slinking along, barely doing anything, and he's calling it proof that he's doing the right things.

What he needs to do is stop being hostile to business and create a coherent, predictable policy so that businesses will have the confidence they need to start investing in the future. No one knows what he/the government will do next, what regulations and obligations will be imposed, and what the heck the near and mid-term futures are going to bring. You cannot spur business activity in that kind of a cloud.
 

MaggieD

Supporting Member
Monthly Subscriber
DP Veteran
Joined
Jul 9, 2010
Messages
43,244
Reaction score
44,659
Location
Chicago Area
Gender
Female
Political Leaning
Moderate
What he needs to do is stop being hostile to business and create a coherent, predictable policy so that businesses will have the confidence they need to start investing in the future. No one knows what he/the government will do next, what regulations and obligations will be imposed, and what the heck the near and mid-term futures are going to bring. You cannot spur business activity in that kind of a cloud.

Exactly. Totally agree.
 

Deuce

Outer space potato man
DP Veteran
Joined
Feb 6, 2010
Messages
76,625
Reaction score
33,782
Gender
Male
Political Leaning
Undisclosed
When the government was hiring, conservatives pointed out that the private sector was the important factor. Now it's not?
 

Harshaw

Filmmaker ● Lawyer ● Patriot
DP Veteran
Joined
Oct 1, 2005
Messages
38,750
Reaction score
13,832
Gender
Undisclosed
Political Leaning
Libertarian - Right
That was never my point, though it's pretty easy to spin it around back on you -- at the same time, liberals were saying the private sector wasn't that important -- look at all those new government jobs! Now it is?
 

Deuce

Outer space potato man
DP Veteran
Joined
Feb 6, 2010
Messages
76,625
Reaction score
33,782
Gender
Male
Political Leaning
Undisclosed
That was never my point, though it's pretty easy to spin it around back on you -- at the same time, liberals were saying the private sector wasn't that important -- look at all those new government jobs! Now it is?

Actually I'd say the important part is the total jobs. Government employees still spend their salaries on things, so it's not like a $50k/year government job is somehow by default putting less into the economy than a $50k/year private sector job.
 

Harshaw

Filmmaker ● Lawyer ● Patriot
DP Veteran
Joined
Oct 1, 2005
Messages
38,750
Reaction score
13,832
Gender
Undisclosed
Political Leaning
Libertarian - Right
I never said anything otherwise.
 

Boomyal

Member
Joined
Feb 22, 2010
Messages
161
Reaction score
42
Gender
Male
Political Leaning
Very Conservative
Actually I'd say the important part is the total jobs. Government employees still spend their salaries on things, so it's not like a $50k/year government job is somehow by default putting less into the economy than a $50k/year private sector job.

This statement shows the ignorance of the rank and file left of this country! Time to head back to Econ 101.
 

Boomyal

Member
Joined
Feb 22, 2010
Messages
161
Reaction score
42
Gender
Male
Political Leaning
Very Conservative
Cool argument, bro!

I am surprised that from your perspective (considering your avatar) that you agree with my assessment of state jobs driving the economy.(not) Very, should I say, bourgeois of you.
 
Joined
Nov 8, 2006
Messages
12,158
Reaction score
6,423
Location
Milwaukee, WI
Gender
Male
Political Leaning
Undisclosed
Wow, you're on a roll! I wonder what your next completely unproductive and pointlessly irrelevant rant will say! I suggest going the "Obama is a socialist" route, that's a classic.
 

Boomyal

Member
Joined
Feb 22, 2010
Messages
161
Reaction score
42
Gender
Male
Political Leaning
Very Conservative
Wow, you're on a roll! I wonder what your next completely unproductive and pointlessly irrelevant rant will say! I suggest going the "Obama is a socialist" route, that's a classic.

It always amazes me when statists change the color of the Rose and think that it will not be recognized for what it is!
 
Joined
Nov 8, 2006
Messages
12,158
Reaction score
6,423
Location
Milwaukee, WI
Gender
Male
Political Leaning
Undisclosed
I never said anything about what this thread is regarding. I just felt compelled to point out the fact that you haven't offered anything of any substance to this discussion. And you continue to prove me correct...
 

apdst

Banned
DP Veteran
Joined
Jun 23, 2009
Messages
133,631
Reaction score
30,927
Location
Bagdad, La.
Gender
Male
Political Leaning
Very Conservative
When the government was hiring, conservatives pointed out that the private sector was the important factor. Now it's not?

Who ever claimed that the private sector isn't important?

The point is, that you can't brag about a 71,000 job gain, when the overall job loss was 130,000, then tell the country that things are turning around.

What kind of a dumbass would do something like that? Wanna take a guess??
 

apdst

Banned
DP Veteran
Joined
Jun 23, 2009
Messages
133,631
Reaction score
30,927
Location
Bagdad, La.
Gender
Male
Political Leaning
Very Conservative
Actually I'd say the important part is the total jobs. Government employees still spend their salaries on thingsso it's not like a $50k/year government job is somehow by default putting less into the economy than a $50k/year private sector job.

That's all fine and good...where does the money come from to pay those government workers, again?

The government is in the process of blowing away 6 billion dollars in oil and gas revenues. So, where's the money going to come from to pay for all those government jobs? Please! tell us!!
 

Lord Tammerlain

DP Veteran
Joined
Jan 25, 2010
Messages
20,650
Reaction score
8,998
Gender
Undisclosed
Political Leaning
Undisclosed
Who ever claimed that the private sector isn't important?

The point is, that you can't brag about a 71,000 job gain, when the overall job loss was 130,000, then tell the country that things are turning around.

What kind of a dumbass would do something like that? Wanna take a guess??

The job losses I believe were primarily government jobs
 

apdst

Banned
DP Veteran
Joined
Jun 23, 2009
Messages
133,631
Reaction score
30,927
Location
Bagdad, La.
Gender
Male
Political Leaning
Very Conservative
The job losses I believe were primarily government jobs

Weren't there only about 40,000 government jobs that were created by the census? Care to explain what happened to the other 90,000?

Or, are you going to admit that the bragging that Krewe Obama did a couple months ago about job gains was bull****?
 

drz-400

DP Veteran
Joined
Oct 12, 2009
Messages
2,357
Reaction score
551
Location
North Dakota
Gender
Male
Political Leaning
Conservative
That's all fine and good...where does the money come from to pay those government workers, again?

The government is in the process of blowing away 6 billion dollars in oil and gas revenues. So, where's the money going to come from to pay for all those government jobs? Please! tell us!!

The same place as all of those private sector jobs?
 

drz-400

DP Veteran
Joined
Oct 12, 2009
Messages
2,357
Reaction score
551
Location
North Dakota
Gender
Male
Political Leaning
Conservative
Weren't there only about 40,000 government jobs that were created by the census? Care to explain what happened to the other 90,000?

Or, are you going to admit that the bragging that Krewe Obama did a couple months ago about job gains was bull****?

No, ex-census there were 12000 net jobs made. The census had a fairly large impact on employment temporarily.
 

apdst

Banned
DP Veteran
Joined
Jun 23, 2009
Messages
133,631
Reaction score
30,927
Location
Bagdad, La.
Gender
Male
Political Leaning
Very Conservative

Lord Tammerlain

DP Veteran
Joined
Jan 25, 2010
Messages
20,650
Reaction score
8,998
Gender
Undisclosed
Political Leaning
Undisclosed
Weren't there only about 40,000 government jobs that were created by the census? Care to explain what happened to the other 90,000?

Or, are you going to admit that the bragging that Krewe Obama did a couple months ago about job gains was bull****?

The governemnt jobs would include state and local governments
 
Top Bottom