How about that economy... :)
- Thread starter bjc112
- Start date
HeroOfPellinor
Lifer
- Dec 27, 2001
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Replace "clinton rule" with "dot com bubble" and you've got it right, but those jobs were "temporary" too, now weren't they?
Stunt
Diamond Member
- Jul 17, 2002
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1)expectations were in the 300,000's
2)almost all temporary jobs
3)10% manufacturing after a massive slump in munufacturing jobs
off to get some data, saw it on robtv today
oh and i didnt realize that tech jobs=manufacturing...that's news to me!
oh wait not they arent!....silly.
2)almost all temporary jobs
3)10% manufacturing after a massive slump in munufacturing jobs
off to get some data, saw it on robtv today
oh and i didnt realize that tech jobs=manufacturing...that's news to me!
oh wait not they arent!....silly.
Expectations were not 300K
It was 170,000's i believe...
Even last months report was revised upwards.. from 308, to 337,000..
Do whatever you want to do, its tough to spin REALLY good news..
104,000 of the new jobs were Administrative & Waste Management of which 60,100 were Employment services and 7,700 in management/technical consulting (all contractors).
36,000 were McJobs in the Leisure/Hospitality sector of which a 41,000 increase in the Food retail sector were offset by a loss in other leisure activities.
23,400 were Retail of which 10,400 were Building material/garden supply stores (Lowe's, Home Depot)
18,000 were in Construction (of which the 19,800 in Specialty contractors were offset by a 2,700 decline in building construction jobs).
It is interesting to note that there were the following decreases:
1,700 loss in telecomm
3,900 loss in computer systems design
clap clap clap
:roll:
Someone has to rain on the parade this week, my turn
On a serious note, does anyone think that anything that happens (in the job market) by November is going to swing this campain one way or the other? I sure don't. When 300,000 jobs a month were promised by Bush himself after his tax cuts took effect July of last year, he is falling flat on his face. Only happened 1x since July. I think either you are of the belief the economy is sh!t right now or you don't. There is no swing vote there.
36,000 were McJobs in the Leisure/Hospitality sector of which a 41,000 increase in the Food retail sector were offset by a loss in other leisure activities.
23,400 were Retail of which 10,400 were Building material/garden supply stores (Lowe's, Home Depot)
18,000 were in Construction (of which the 19,800 in Specialty contractors were offset by a 2,700 decline in building construction jobs).
It is interesting to note that there were the following decreases:
1,700 loss in telecomm
3,900 loss in computer systems design
clap clap clap
:roll:
Someone has to rain on the parade this week, my turn
On a serious note, does anyone think that anything that happens (in the job market) by November is going to swing this campain one way or the other? I sure don't. When 300,000 jobs a month were promised by Bush himself after his tax cuts took effect July of last year, he is falling flat on his face. Only happened 1x since July. I think either you are of the belief the economy is sh!t right now or you don't. There is no swing vote there.
dude, where have you been? manufacturing in the US is on the way out, so dont expect there to be phenominal job increases in the manufacturing sector. the face of our economy is changing, we dont manufacture as many goods as we once did.
Originally posted by: leeboy
104,000 of the new jobs were Administrative & Waste Management of which 60,100 were Employment services and 7,700 in management/technical consulting (all contractors).
36,000 were McJobs in the Leisure/Hospitality sector of which a 41,000 increase in the Food retail sector were offset by a loss in other leisure activities.
23,400 were Retail of which 10,400 were Building material/garden supply stores (Lowe's, Home Depot)
18,000 were in Construction (of which the 19,800 in Specialty contractors were offset by a 2,700 decline in building construction jobs).
It is interesting to note that there were the following decreases:
1,700 loss in telecomm
3,900 loss in computer systems design
clap clap clap
:roll:
Someone has to rain on the parade this week, my turn
On a serious note, does anyone think that anything that happens (in the job market) by November is going to swing this campain one way or the other? I sure don't. When 300,000 jobs a month were promised by Bush himself after his tax cuts took effect July of last year, he is falling flat on his face. Only happened 1x since July. I think either you are of the belief the economy is sh!t right now or you don't. There is no swing vote there.
Anyone who wants to see that Leeboy cherry-picked his numbers, go look here:
http://www.bls.gov/news.release/empsit.nr0.htm
You'll see growth generally across the board in every category.
More detail here...
http://www.bls.gov/news.release/empsit.t14.htm
I sure do...
"It's the economy stupid"
ANd to tell you the truth, if this job growth continues, Bush actually might have a shot at the 2.6million number... which would be awesome.
I feel that every month jobs are added, Kerry loses steam..
Stunt
Diamond Member
- Jul 17, 2002
- 9,717
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My original point was to compare the economic outlook between when bush took the helm and now.
Jobs
from this chart we see that unemployment is up from 3.8% to 5.x%.
the next chart is pretty useless but bring your attention to the negative change in job numbers ONLY with bush in the last 12 years.
i'd also like to address the last chart which shows the unemployment claims down while unemployment doesn't move. Now either the bush admin are more efficient in distributing welfare, or they are kicking more people off it.
Hours
from this chart you can see the huge decline in work hours done by workers per week.
also not only were manufacturing jobs axed during his term, but between clinton and now they are working less hours and less overtime
Imports
Ah the import chart, every stong economy imports all their goods...oh wait no they dont, jeez that can't be a good thing.
Loans
It's ok because the US consumer is spending money!...oh wait, not their money, they spend on credit and loans!...look at that graph go, at least the companies have some sense to not go on spending spees on borrowed money. Shoot interest rate hikes are not going to be fun for you guys
Confidence
well it's all good as long as confidence is high, looking at this graph it has declined a lot since bush took over, but it is going up, see how that is as people get more in debt with interest rates rising.
Spending
one last graph, spending way more than you earn is good fiscal sense right? :S
And that my friends is the US economy, haven't even touched deficits, and money pit called iraq and afganistan
Jobs
from this chart we see that unemployment is up from 3.8% to 5.x%.
the next chart is pretty useless but bring your attention to the negative change in job numbers ONLY with bush in the last 12 years.
i'd also like to address the last chart which shows the unemployment claims down while unemployment doesn't move. Now either the bush admin are more efficient in distributing welfare, or they are kicking more people off it.
Hours
from this chart you can see the huge decline in work hours done by workers per week.
also not only were manufacturing jobs axed during his term, but between clinton and now they are working less hours and less overtime
Imports
Ah the import chart, every stong economy imports all their goods...oh wait no they dont, jeez that can't be a good thing.
Loans
It's ok because the US consumer is spending money!...oh wait, not their money, they spend on credit and loans!...look at that graph go, at least the companies have some sense to not go on spending spees on borrowed money. Shoot interest rate hikes are not going to be fun for you guys
Confidence
well it's all good as long as confidence is high, looking at this graph it has declined a lot since bush took over, but it is going up, see how that is as people get more in debt with interest rates rising.
Spending
one last graph, spending way more than you earn is good fiscal sense right? :S
And that my friends is the US economy, haven't even touched deficits, and money pit called iraq and afganistan
Vic
Elite Member
- Jun 12, 2001
- 50,422
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In the meantime, mortgage rates are up over 1% in the last 5 weeks and gas prices are up almost $0.50/gallon in the last 6 weeks. And the Fed will start raising rates when they next meet in the end of June.
But hey, don't let me interfere with your party.
But hey, don't let me interfere with your party.
No we manufacture more goods than ever. Its called efficency of employees and new technology, leading to less need for manpower. The US Manufacturing industry IS EXTREMELY healthy, but does NOT need excessive amounts of manpower. It is VERY similar to what ag went through. Ag was the leading employment industry in the late 1800s and early 1900s, then it went through a steady decline because of various technological innovations, and employment eventually bottomed out in the 50's/60's. Manufacturing is going through the same process. It has nothing to do with shipping jobs overseas, or a poor economy.
And what is this about manufacturing. Manufactuing jobs are glorified OVERPAID McJobs.
Bush took office, when the economy was in a recession and the dot com was imploding. ~8months later, several industries were gutted by 9/11. The economy is more than on a rebound. As for manufacturing job losses, there were large steady manufacturing layoffs since the 1980s. This is NOT a new trend, and dont expect to see huge manufacturing employment gains unless there is a WWIII. IIRC we are already at record manufacturing output, we dont need more people to do less work. And we dont need more people for more manufacturing output if there arent any buyers(trade defiect is still horribly disproportionate).
Stunt
Diamond Member
- Jul 17, 2002
- 9,717
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Clinton's last day in office was Jan.19 2001 whichis precisely when the dow/economy took a nose dive, funny how things work like that eh?
Djia
The Dow took a dip sept 11 yes, but it recovered a couple months later. Bush's tax cuts and wars have taken the economy through the crapper, artificially stimulating it on the backs of consumers, dropping rates and creating growth with massive debt and deficits.
$500billion surplus left to bush by clinton, year after year bush wastes more and more.
It looks like the economy is fine but if you look at it from a fiscal perspective, it is horrible.
It's no wonder all the countries around the world (finance ministers met recently) are encouraging more responsibility with respect to spending.
Bush has injected a trillion plus dollars into the economy, these minimal gains are nothing to be celebrating. Just a logical result to an illogical economical plan.
CADsortaGUY
Lifer
Worst Economy in ten thousand hundred million years....
to
There is no recovery
to
There are signs of recovery but there is more bad news than good
to
Mild recovery but but but there is more bad news
to
Mild recovery but but there is some bad news
to
Mild recovery but there is a little bad news
to
jobless recovery
to
McJobs recovery
to
Some good jobs recovery but still mostly part-time McJobs
to
Fluke jobs recovery
to
Today
Is the left ready to admit that the recovery is on track and the economy and outlook is good yet?
...didn't think so...
CkG
who cares Cad, kerry's coming into office in a few months and all this bush talk will be irrelevant.
Stunt
Diamond Member
- Jul 17, 2002
- 9,717
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I am by no means left, i'm am very much conservative, and most conservatives shouldn't just looking at jobs but where they are coming from and how well the country is doing as a whole. Jobs on the back of the debt through the form of tax cuts for the rich and lower interest rates is no way to stimulate the economy. In effect this is no better than government created jobs with massive deficits.
The US debt, for fun refresh your browser, mmmm look at that sh!t go!
The US debt, for fun refresh your browser, mmmm look at that sh!t go!
Vic
Elite Member
- Jun 12, 2001
- 50,422
- 14,337
- 136
Low interest rates are over. While almost no one was watching, record low interest rates disappeared last month, and the prospect of very high interest rates now looms for the near future. Combined with high (and rising) gas prices, that cannot be good news for the economy, I don't care how many jobs are created (because unemployment was never that high in the first place).
There is a reason the stock market is down today, people. Mortgage rates went up 0.25% on this employment report today alone. Investors are very nervous.
There is a reason the stock market is down today, people. Mortgage rates went up 0.25% on this employment report today alone. Investors are very nervous.
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