Unemployment falls to 9.0 pct

[Atreus21]

Why does Dave post stuff not thinking people will read the rest of the article?

What's the German word for setting yourself up for failure on purpose so you can wallow in self-disappointment?

In Dave's case, I think it's called a blitzkreig.

 

[crownjules]

Why do you think it's all Obama's fault? What did Bush and the Republicans do while wealthy businessmen shipped millions of jobs overseas or filled them with foreigners on H-1B and L-1 visas? What did the Republicans do when millions of poor immigrants displaced Americans from lower class jobs and put downward pressure on their wages?

NOTHING! Oh that's right. They probably thought it was just beneficial workings of the free market. Then the Republicans wanted to give amnesty to the illegal aliens. Until the Republicans at least come out and advocate eliminating the H-1B and L-1 visa programs, Republicans and Tea Partiers should shut their yaps.

While this is all well and true, it doesn't help fix the problem. Just helps you to realize that no amount of government spending is going to create enough jobs long term for us. What really needs to happen is that government has to begin enticing jobs back to our shores and/or discourage corporations from importing/exporting their jobs further.

But that's a tough nut to crack when those very corporations hold so much sway over our political process. They've set up the system so they can ransack and abuse it and leave just enough to appease the masses.

 

[FerrelGeek]

Read post 23 dude

Why do you think it's all Obama's fault? What did Bush and the Republicans do while wealthy businessmen shipped millions of jobs overseas or filled them with foreigners on H-1B and L-1 visas? What did the Republicans do when millions of poor immigrants displaced Americans from lower class jobs and put downward pressure on their wages?

NOTHING! Oh that's right. They probably thought it was just beneficial workings of the free market. Then the Republicans wanted to give amnesty to the illegal aliens. Until the Republicans at least come out and advocate eliminating the H-1B and L-1 visa programs, Republicans and Tea Partiers should shut their yaps.

 

[Fingolfin269]

I understand that the figures quoted do not tell the entire story but hasn't that always been the case?

Regardless, is it even fixable at this point? What kind of 'new' jobs could we possibly create that will fill that void?

Deciding who caused it doesn't do anything. And pointing fingers at Obama and saying he hasn't fixed it yet doesn't do anything either. I'm generally interested in understanding what people think can and should be done to fix it.

 

[cganesh75]

But the messiah promissed that his porkulus plan would ensure that unemployment wouldn't go above 8%.

The messiah's term is half over. He owns this. But he's incapable of accepting responsibility for anything.

/Waits for Dave to blame Bush.

what happened to the "companies are not hiring because they are worried that the tax cuts will expire.. we need to extend the taxcut" argument.. tax cuts got extended. now what? where are the jobs?

 

[werepossum]

"Meanwhile, an alternative measure of unemployment, which includes discouraged workers and those forced to work part-time because of the economy, fell to 16.1% in January from 16.7 in December. That’s its lowest level since April 2009."

http://www.marketwatch.com/story/us-unemployment-falls-to-90-on-few-new-jobs-2011-02-04?pagenumber=2

The small nonfarm payroll increase is disappointing but I'd say this is good news.

Some serious shens going on. U4 & higher should catch those who have stopped looking for work. U4 & higher mathematically cannot decline on 36,000 new jobs.

Somebody's either cooking the books or badly flubbed the household surveys.

 

[Scotteq]

The BBC's take on the same data: US unemployment down in January as jobless give up

 

[Patranus]

And yet participation in the workforce continues to drop.

Hmmm......

 

[sactoking]

2-4-2011

http://news.yahoo.com/s/ap/20110204/ap_on_bi_go_ec_fi/us_economy

Unemployment falls to 9.0 pct


The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years.

The unemployment rate has fallen by eight-tenths of a percentage point in the past two months.

That's the steepest two-month drop in nearly 53 years.

===================================================
Wow 53 years after Bush and the Republicans destroyed jobs over an 8 year period.

There is no doubt Obama is the Messiah.

Thank you Thank you Thank you

Where I live (which is the only number I care about) unemployment just UPTICKED again to 14.5%. Our U6 rate just UPTICKED again to 23.6%. Yes, these wonderful policies have helped sooooooooooooooooo much.

(And if you really want to get super-ultra-radical right wing about it you could also mention that 10% of all employees here are illegal immigrants, so the failure of ICE to properly address things is directly making the situation worse than it needs be)

 

[soundforbjt]

what happened to the "companies are not hiring because they are worried that the tax cuts will expire.. we need to extend the taxcut" argument.. tax cuts got extended. now what? where are the jobs?

This^^^

You guys got what you wanted, you claim government doesn't create jobs, you say you needed tax cuts extended to create jobs, so the unemployment problem is in your lap now.

Where are the jobs?

Or are you righties finally admitting tax cuts create no jobs? :sneaky:

 

[cganesh75]

This^^^

You guys got what you wanted, you claim government doesn't create jobs, you say you needed tax cuts extended to create jobs, so the unemployment problem is in your lap now.

Where are the jobs?

Or are you righties finally admitting tax cuts create no jobs? :sneaky:

it does create job. but in china / india

 

[Atreus21]

This^^^

You guys got what you wanted, you claim government doesn't create jobs, you say you needed tax cuts extended to create jobs, so the unemployment problem is in your lap now.

Where are the jobs?

Or are you righties finally admitting tax cuts create no jobs? :sneaky:

I think we'll used the left's argument that the tax cut extension saved untold millions of jobs.

 

[WHAMPOM]

All I see is the failure to properly count the actual number of unemployed.

 

[Thump553]

But the messiah promissed that his porkulus plan would ensure that unemployment wouldn't go above 8%.

The messiah's term is half over. He owns this. But he's incapable of accepting responsibility for anything.

/Waits for Dave to blame Bush.

Your bitterness has caused you to forget the inconvenient truth that the collapse DID occur on GWB's watch. To his credit (and one of the finest decisions of his dismal presidency) GWB bit the bullet and took the appropriate positive action to help stem the fall-over the strenuous objections of the GOP faithful. But the economy cannot be turned around overnight nor have all the causes of our problems been resolved. If we had imposed the GOP spending cuts/slash government plans the deficit would have continued to bloom and the recession would be a whole lot worse. It would, in fact, have been a repeat of the same misguided policies followed by the GOP (Coolidge) from 1928-1932, which helped turn a fairly routine stock market panic into the Great Depression.

Another cold hard fact you ignore-Obama's "porkulus plan" as you label it, will actually end up having LITTLE or NO net cost to the taxpayers and is widely credited by any objective viewer as helping stave off worse disaster.

The recession wasn't all GWB's fault, although he had a lot to do with it. The fact is there were decades of bad decisions that were accelerated by his foolish mistakes. The Bush tax cuts shoved the government back into rapidly rising deficits and caused only a sugar-rush of a boomlet The hundreds of billions of dollars spent on Iraq was a total waste, including the waste of thousands of otherwise productive citizens.

I don't mind political passion-I just resent it when it is based upon total falsehood.

 

[sandorski]

Funny how the old Bush fanbois finally 'realize' how the UE numbers work...

hehe, no kidding. This thread is the opposite of many a Bush Presidency Unemployment Dropping thread.

 

[RbSX]

The unemployment stat I would like to see reported is the percentage of working-aged people who are employed. I bet that it just keeps decreasing as the population keeps growing.

That is being reported it's called civilian participation in the workforce.

Last month it shrunk by .2%, which is why 'unemployment' technically decreased in december.

Find the data here -- http://data.bls.gov/pdq/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS11300000

2008 66.2 66.0 66.1 65.9 66.1 66.1 66.0 66.1 66.0 66.0 65.8 65.8
2009 65.7 65.7 65.6 65.6 65.7 65.7 65.5 65.4 65.1 65.1 65.0 64.7
2010 64.8 64.8 64.9 65.1 64.9 64.7 64.6 64.7 64.7 64.5 64.5 64.3

 

[dullard]

That is being reported it's called civilian participation in the workforce.

I think you are close, but not quite answering the question. What I think he wants is the percent of people aged 16 to 66 who are working. You posted the percent of people aged 16 to infinity who are working. There is a subtle but important difference there. Not many people who are age 90 actually want a job. In my opinion, it is probably a good thing that they mostly do not have a job.

This isn't what was asked either, but it is quite relevant to the thread: Labor force since WW2. I didn't label it, but that graph doesn't count those people who are incarcerated and really can't be in the workforce even if they wanted to be.

Also relevant is the fact that the people who are actually of working age (16 to 66) peaked in the year 2007 and will likely never return. That green graph of people not in the workforce will keep climbing in general for many decades regardless of who is president.

 

[classy]

Well we gotta start somewhere. I would rather see 9% even for a short term, than the 10% we been seeing. Things are turning around, not as quick as we all would hope, or some hope, but it is getting better.

 

[Patranus]

Huh, I thought we were going to be at 6.5% if we passed Obama's trillion dollar boondoggle.......

ooops. Looks like we are at their projections without a recover plan.

 

[OutHouse]

Why do you think it's all Obama's fault? What did Bush and the Republicans do while wealthy businessmen shipped millions of jobs overseas or filled them with foreigners on H-1B and L-1 visas? What did the Republicans do when millions of poor immigrants displaced Americans from lower class jobs and put downward pressure on their wages?

NOTHING! Oh that's right. They probably thought it was just beneficial workings of the free market. Then the Republicans wanted to give amnesty to the illegal aliens. Until the Republicans at least come out and advocate eliminating the H-1B and L-1 visa programs, Republicans and Tea Partiers should shut their yaps.

wow, you are such a tool.

how long have the dems been in power? how long are you going to keep blaming republicans for you parties short falls and failed promises?

 

[marincounty]

Hey, Republicans have been in power in Congress for at least a month, and they haven't fixed the economy yet? Yeah, I remember the talk of the the uncertaintly of the tax laws stopping the rich from hiring. Now that uncertainty is gone, where is the the wave of hiring? Or is it that Republicans have no clue on the economy, their only answer is more tax cuts?

 

[manimal]

Huh, I thought we were going to be at 6.5% if we passed Obama's trillion dollar boondoggle.......

ooops. Looks like we are at their projections without a recover plan.

So your saying the 300 billion in tax breaks in the stimulus didn't work...gotcha...


Can we extrapolate that to you believing that trickle down doesn't work?

 

[dullard]

Huh, I thought we were going to be at 6.5% if we passed Obama's trillion dollar boondoggle.......

ooops. Looks like we are at their projections without a recover plan.

So you are saying that Bush left us off far worse than we thought?

Notice how the stimulus plan was passed a half year after Obama's team started the clock on that graph.

 

[MovingTarget]

And yet participation in the workforce continues to drop.

Hmmm......

Yep. Honestly, we should just stick with the U6 if we are discussing the strenght of the economy via jobs. The U3 is worthless when you use it to describe how the average person is affected.

 

[Hacp]

So you are saying that Bush left us off far worse than we thought?

Notice how the stimulus plan was passed a half year after Obama's team started the clock on that graph.

No, just that Obama's recovery plan hurt us rather than helped us. Just the mere thought of a stimulus sent the job market crashing. Then the health care bill killed the recovery. Finally, Obama is going to send us into the next great depression with all these new rules set by the EPA. Its a triple threat. Obama keeps killing growth and prosperity whenever he sees it. We're doomed until we vote him out.