Vulpine
Master Don Juan
Sorry, but I can't afford to be giving away my last means of income. If you want some of what I've been smoking, you'll need to at least barter. Otherwise, it's on the way to Colorado to sell.taiyuu_otoko said:
"Where are the jobs Mr. President?" 320,000+ new jobs created under President Obama
- Thread starter Embers84
- Start date
speed dawg
Master Don Juan
FEEEEEELLLLLLZZZZZZrocco said:
:crackup: LMFAO @ 36.7% unemployment.( . )( . ) said:
Are you fvck1n crazy? We NEVER had a 36.7% unemployment rate in the history of our country. The highest unemployment that was ever on record was 25% during the height of the Great Depression. The highest after that was 9.7% and 10.2%. If unemployment was 36.7% we would have a severe depression on our hands. Don't just believe some idiot that doesn't know what he's talking about.
Reading, counting, intelligence is not your forte. This article states unemployment was 7.6% in the article you linked that was from a 1 1/2 years ago. Since March 1 1/2 years ago, unemployment dropped from 7.6% to 5.8% currently. Nothing about 36.7% LMFAO. :crackup:
25% unemployment during The Great Depression.
That was under Ronald Reagan. Nowhere near 36.7% for that either.
10.2% was the highest it has been under Obama. Not even close to 36.7%.
All sources show a 5.8% unemployment rate. Look at the Government monthly/yearly charts for more information and statistics.
Excellent data here.
http://www.wdtv.com/wdtv.cfm?func=v...vember-Jobs-Report-Exceeds-Expectations-19880
http://www.foxnews.com/us/2014/12/0...november-most-in-nearly-3-years-jobless-rate/
http://www.foxbusiness.com/economy-policy/2014/12/04/november-jobs-report/
Even Fox news had to admit unemployment is at 5.8%. Fox Business gave President Obama's job growth and economy a glowing report. Where's your 36.7%? Are you going to call Fox news liars for correctly stating 5.8% unemployment?
We had a severe depression and recessions under Republican Presidents. It took Democratic Presidents to fix the mess and get the country going again!
For US Unemployed, Job Market Hits a Turning Point
http://abcnews.go.com/Business/wireStory/us-unemployed-job-market-hits-turning-point-27424858
Look past the booming November job gain of 321,000 reported Friday
The best figure in three years in the strongest year for U.S. hiring since 1999.
The job market has reached a new milestone on its road to full health: For the first time since the Great Recession ended 5½ years ago, America's unemployed are now as likely to be hired as to stop looking
for a job.
It means that employers have grown confident enough to fill more job vacancies. And it means the unemployed are now less likely to succumb to frustration.
The hiring surge owes much to solid consumer spending on items like cars, electronics and restaurant meals. That, in turn, has given businesses the means to step up investment in machinery, computers and
facilities.
Thanks to such spending, the economy grew at a 4.3 percent annual pace from April through September the healthiest six-month spurt since 2003.
Employers have responded by adding a robust average of 241,000 jobs a month this year.
For each month, the government estimates the proportion of the unemployed who found work and the proportion who stopped looking.
In November, 23 percent of people who were out of work the previous month found jobs, and the same percentage gave up looking. (The figures are three-month averages, intended to smooth out volatility.)
That was the highest percentage of the unemployed to find work in any month since the recession officially ended in June 2009. A year ago, fewer than 19 percent of the unemployed were finding jobs.
The increase marks the first such sustained improvement since the recession ended. This year's acceleration in hiring has been potent enough to finally soak up a significant proportion of the jobless.
During the first four years of the recovery, businesses had hired at a rate that was merely enough to keep up with population growth.
The brightening picture has been a relief for people like Kersten Higgins, who had begun job hunting in July after graduating from law school. She didn't get a single interview until November, when she got
four.
Two of the interviews produced offers. She's accepted a position at Mutual of Omaha, where she will help ensure that its insurance policies comply with federal rules. Higgins, 26, who lives in Omaha,
Nebraska, starts Monday.
"I feel great," Higgins said. "This definitely fits into the category of jobs I hoped to get coming out of law school."
At the same time, the government's jobs figures illustrate how much improvement is still needed. Before the recession began in 2007, the unemployed were more likely to find work than to stop looking in every
month dating to when record-keeping began in 1990. Since the recession ended, that's been true for only three months out of 65.
One sour note amid the improving outlook for the unemployed: The jobless are likelier now than before the recession to land only part-time work. Though the economy has regained all the jobs lost to
the recession, there are still nearly 2 million fewer people with full-time work.
In other cases, the jobs the formerly unemployed have now pay less than those they had before.
One reason the unemployment rate declined early in the recovery was that hundreds of thousands of people grew frustrated with their job hunts and stopped looking. Once people stop looking for a job, they're
no longer counted as unemployed. At that point, the unemployment rate can fall even if hiring is weak. But now, the number of such dropouts has plateaued.
http://abcnews.go.com/Business/wireStory/us-unemployed-job-market-hits-turning-point-27424858
Let's not forget the "Great Recession" happened under Bush's Republican leadership with failed Republican economic policies.
The economy is back on track, jobs are being created, people are being hired again thanks to President Obama.
http://abcnews.go.com/Business/wireStory/us-unemployed-job-market-hits-turning-point-27424858
Look past the booming November job gain of 321,000 reported Friday
The best figure in three years in the strongest year for U.S. hiring since 1999.
The job market has reached a new milestone on its road to full health: For the first time since the Great Recession ended 5½ years ago, America's unemployed are now as likely to be hired as to stop looking
for a job.
It means that employers have grown confident enough to fill more job vacancies. And it means the unemployed are now less likely to succumb to frustration.
The hiring surge owes much to solid consumer spending on items like cars, electronics and restaurant meals. That, in turn, has given businesses the means to step up investment in machinery, computers and
facilities.
Thanks to such spending, the economy grew at a 4.3 percent annual pace from April through September the healthiest six-month spurt since 2003.
Employers have responded by adding a robust average of 241,000 jobs a month this year.
For each month, the government estimates the proportion of the unemployed who found work and the proportion who stopped looking.
In November, 23 percent of people who were out of work the previous month found jobs, and the same percentage gave up looking. (The figures are three-month averages, intended to smooth out volatility.)
That was the highest percentage of the unemployed to find work in any month since the recession officially ended in June 2009. A year ago, fewer than 19 percent of the unemployed were finding jobs.
The increase marks the first such sustained improvement since the recession ended. This year's acceleration in hiring has been potent enough to finally soak up a significant proportion of the jobless.
During the first four years of the recovery, businesses had hired at a rate that was merely enough to keep up with population growth.
The brightening picture has been a relief for people like Kersten Higgins, who had begun job hunting in July after graduating from law school. She didn't get a single interview until November, when she got
four.
Two of the interviews produced offers. She's accepted a position at Mutual of Omaha, where she will help ensure that its insurance policies comply with federal rules. Higgins, 26, who lives in Omaha,
Nebraska, starts Monday.
"I feel great," Higgins said. "This definitely fits into the category of jobs I hoped to get coming out of law school."
At the same time, the government's jobs figures illustrate how much improvement is still needed. Before the recession began in 2007, the unemployed were more likely to find work than to stop looking in every
month dating to when record-keeping began in 1990. Since the recession ended, that's been true for only three months out of 65.
One sour note amid the improving outlook for the unemployed: The jobless are likelier now than before the recession to land only part-time work. Though the economy has regained all the jobs lost to
the recession, there are still nearly 2 million fewer people with full-time work.
In other cases, the jobs the formerly unemployed have now pay less than those they had before.
One reason the unemployment rate declined early in the recovery was that hundreds of thousands of people grew frustrated with their job hunts and stopped looking. Once people stop looking for a job, they're
no longer counted as unemployed. At that point, the unemployment rate can fall even if hiring is weak. But now, the number of such dropouts has plateaued.
http://abcnews.go.com/Business/wireStory/us-unemployed-job-market-hits-turning-point-27424858
Let's not forget the "Great Recession" happened under Bush's Republican leadership with failed Republican economic policies.
The economy is back on track, jobs are being created, people are being hired again thanks to President Obama.
November Jobs Report Exceeds Expectations
http://www.wdtv.com/wdtv.cfm?func=v...vember-Jobs-Report-Exceeds-Expectations-19880
The start of every new month brings the previous month's jobs report, and the report brings some better than expected news for November.
The U.S. economy added 321,000 jobs in the month of November, which was more than the trend of 200,000 jobs in previous months this year.
Economists predicted November to fall in line with the other months, and expected a growth of around 230,000 jobs.
A lot of what goes into these numbers from November are a lot of part time and seasonal jobs, but overall, the growth is still showing that the job market is steadily rebounding.
"We were expecting about the same thing for November. We were expecting job growth to be around 230,000 jobs, so this has been phenomenal for the number to come back at over 320,000. It's good news, and people have been expecting that the U.S. economy is finally recovering from this very long slump, and it seems like that expectation is proving to be right," said John Deskins, Director of Business and Economic Research at West Virginia University.
When this year started, the job market seemed sluggish, and economists attributed it to the extremely cold temperatures most of the nation saw in the first few months.
While we don't know how the weather will turn out for the start of 2015, economists say they expect the growth to continue.
US employers add 321,000 jobs in November, most in nearly 3 years; jobless rate stays 5.8 pct.
http://www.foxnews.com/us/2014/12/0...november-most-in-nearly-3-years-jobless-rate/
WASHINGTON – U.S. employers hired at the strongest pace in nearly three years in November, adding 321,000 jobs, the latest sign the United States is outperforming other major economies by growing steadily and generating consistently healthy job gains.
The Labor Department says the unemployment rate remained at a six-year low of 5.8 percent. And 44,000 more jobs were added in September and October than the government previously estimated. Job gains have averaged 241,000 a month this year, putting 2014 on track to be the strongest year for hiring since 1999.
The large gains come after the economy expanded from April through September at its fastest pace in 11 years. The additional jobs should help boost growth in the coming months.
But the large increases are not yet lifting most Americans' paychecks
November Jobs Report Blows Past Expectations
http://www.foxbusiness.com/economy-policy/2014/12/04/november-jobs-report/
The U.S. created 321,000 jobs in November, the biggest increase since January 2012. The gains were much higher than the 230,000 jobs economists expected. This solid month of employment growth will certainly influence the Fed’s decision on the timing and trajectory of interest rate hikes.
The headline unemployment rate was unchanged at 5.8%, according to numbers released Friday by the U.S. Labor Department. The labor force participation rate held steady from a month earlier at 62.8%.
“Yet another month of strong job creation in November suggests the U.S. economy continues to grow at an encouragingly robust pace in the fourth quarter. Wage growth is also showing welcome signs of edging higher, and key indicators of labor market slack continue to improve,” said Chris Williamson, chief economist at research firm Markit. “All of which adds to the case for policymakers to start the process of bringing interest rates back to normal levels next year.”
November was the tenth consecutive month in which the U.S. gained 200,000 or more jobs.
“In November, job growth was widespread, led by gains in professional and business services, retail trade, health care, and manufacturing,” the Labor Department said in a statement.
Jobs created in September and October were revised upward by 44,000 jobs, and average hourly wages in November rose more than anticipated.
"One word can describe today's report: Spectacular. It's clear lower prices at the pump are attributing to the easy beat as consumers are enjoying the extra pocket change while increasing their discretionary budgets. Higher demand equates to additional hiring, and the employment growth in retail is concrete evidence of this occurring,” Todd Schoenberger, managing partner LandColt Capital LP said.
The November numbers were widely expected to be strong due in part to seasonal hiring for the holidays, in particular by package delivery companies such as FedEx (FDX) and UPS (UPS).
What the Blow-Away Report Means for the Fed
The Fed has been studying labor market trends for months in an effort to determine the proper timing for raising interest rates, a move that would push borrowing costs higher and could potentially cause a drag on the economic recovery.
While labor markets appear to be healing based on the steady decline in the headline unemployment rate, other labor market indicators suggest a slower recovery for many U.S. workers.
For instance, average hourly wages have been stagnant for months, a factor that has kept inflation running well below the Fed’s target rate of 2%. Wages have emerged as perhaps the key indicator being watched by economists to determine when the Fed might start raising interest rates.
In November, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.4%, to $24.66 in November. That figure will surely catch the attention of Fed economists and come as welcome news to consumers.
The Fed has said it won’t start raising interest rates until it reaches its dual mandate of full employment and price stability. The central bank has defined the former as an unemployment rate in a range of 5.2%-5.6% and the latter as an annual inflation range of 1.7%-2%.
The unemployment rate is likely to drop into that desired range in early 2015, but the inflation target is trickier. Inflation isn’t likely to move higher until wages go up significantly, and that may not happen until late in 2015, according to most economists.
Over the past year, average hourly earnings have risen by 2.1%, well below the 3%-3.5% rate the Fed views as necessary to keep inflation at its desired 2% target rate.
Fed Chair Janet Yellen has frequently highlighted wage growth as an indicator the Fed is watching for signs that labor markets are strengthening beyond the declining headline unemployment rate.
But the downside to rapid wage growth is inflationary pressure. When wages rise too quickly it can lead to runaway inflation and eventually cut into corporate profits.
Wage growth and other inflationary indicators are currently at the center of a growing debate within the Fed over the timing of rate hikes. The consensus among Fed economists is that hikes should and will occur in mid-2015, soon enough to head off runaway inflation while remaining low long enough to continue providing stimulus to the fragile economic recovery.
When rates do move higher it will raise borrowing costs, making it more expensive for consumers to get a mortgage or a car loan, or for small businesses to get a loan for expansion.
http://www.foxbusiness.com/economy-policy/2014/12/04/november-jobs-report/
"One word can describe today's report: Spectacular"...coming from Fox News of all places.
Fox News is calling the report "spectacular" so you know things are going even better than expected. The economy is robust thanks to President Obama and The Affordable Health Care Act (Obamacare) has been a big factor as well.
Fox News reports the unemployment rate is at 5.8%. There is no "cooked data". Are you going to call them liars?
I see a lot of terrible negative comments here. You people should be rooting for the President to strengthen our country, to make America the best it can be. Anybody who roots against the President for our country to fail is unpatriotic and un-American.
Amazing that he has done this with virtually no help from Republicans in congress who want him to fail.
http://www.wdtv.com/wdtv.cfm?func=v...vember-Jobs-Report-Exceeds-Expectations-19880
The start of every new month brings the previous month's jobs report, and the report brings some better than expected news for November.
The U.S. economy added 321,000 jobs in the month of November, which was more than the trend of 200,000 jobs in previous months this year.
Economists predicted November to fall in line with the other months, and expected a growth of around 230,000 jobs.
A lot of what goes into these numbers from November are a lot of part time and seasonal jobs, but overall, the growth is still showing that the job market is steadily rebounding.
"We were expecting about the same thing for November. We were expecting job growth to be around 230,000 jobs, so this has been phenomenal for the number to come back at over 320,000. It's good news, and people have been expecting that the U.S. economy is finally recovering from this very long slump, and it seems like that expectation is proving to be right," said John Deskins, Director of Business and Economic Research at West Virginia University.
When this year started, the job market seemed sluggish, and economists attributed it to the extremely cold temperatures most of the nation saw in the first few months.
While we don't know how the weather will turn out for the start of 2015, economists say they expect the growth to continue.
US employers add 321,000 jobs in November, most in nearly 3 years; jobless rate stays 5.8 pct.
http://www.foxnews.com/us/2014/12/0...november-most-in-nearly-3-years-jobless-rate/
WASHINGTON – U.S. employers hired at the strongest pace in nearly three years in November, adding 321,000 jobs, the latest sign the United States is outperforming other major economies by growing steadily and generating consistently healthy job gains.
The Labor Department says the unemployment rate remained at a six-year low of 5.8 percent. And 44,000 more jobs were added in September and October than the government previously estimated. Job gains have averaged 241,000 a month this year, putting 2014 on track to be the strongest year for hiring since 1999.
The large gains come after the economy expanded from April through September at its fastest pace in 11 years. The additional jobs should help boost growth in the coming months.
But the large increases are not yet lifting most Americans' paychecks
November Jobs Report Blows Past Expectations
http://www.foxbusiness.com/economy-policy/2014/12/04/november-jobs-report/
The U.S. created 321,000 jobs in November, the biggest increase since January 2012. The gains were much higher than the 230,000 jobs economists expected. This solid month of employment growth will certainly influence the Fed’s decision on the timing and trajectory of interest rate hikes.
The headline unemployment rate was unchanged at 5.8%, according to numbers released Friday by the U.S. Labor Department. The labor force participation rate held steady from a month earlier at 62.8%.
“Yet another month of strong job creation in November suggests the U.S. economy continues to grow at an encouragingly robust pace in the fourth quarter. Wage growth is also showing welcome signs of edging higher, and key indicators of labor market slack continue to improve,” said Chris Williamson, chief economist at research firm Markit. “All of which adds to the case for policymakers to start the process of bringing interest rates back to normal levels next year.”
November was the tenth consecutive month in which the U.S. gained 200,000 or more jobs.
“In November, job growth was widespread, led by gains in professional and business services, retail trade, health care, and manufacturing,” the Labor Department said in a statement.
Jobs created in September and October were revised upward by 44,000 jobs, and average hourly wages in November rose more than anticipated.
"One word can describe today's report: Spectacular. It's clear lower prices at the pump are attributing to the easy beat as consumers are enjoying the extra pocket change while increasing their discretionary budgets. Higher demand equates to additional hiring, and the employment growth in retail is concrete evidence of this occurring,” Todd Schoenberger, managing partner LandColt Capital LP said.
The November numbers were widely expected to be strong due in part to seasonal hiring for the holidays, in particular by package delivery companies such as FedEx (FDX) and UPS (UPS).
What the Blow-Away Report Means for the Fed
The Fed has been studying labor market trends for months in an effort to determine the proper timing for raising interest rates, a move that would push borrowing costs higher and could potentially cause a drag on the economic recovery.
While labor markets appear to be healing based on the steady decline in the headline unemployment rate, other labor market indicators suggest a slower recovery for many U.S. workers.
For instance, average hourly wages have been stagnant for months, a factor that has kept inflation running well below the Fed’s target rate of 2%. Wages have emerged as perhaps the key indicator being watched by economists to determine when the Fed might start raising interest rates.
In November, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.4%, to $24.66 in November. That figure will surely catch the attention of Fed economists and come as welcome news to consumers.
The Fed has said it won’t start raising interest rates until it reaches its dual mandate of full employment and price stability. The central bank has defined the former as an unemployment rate in a range of 5.2%-5.6% and the latter as an annual inflation range of 1.7%-2%.
The unemployment rate is likely to drop into that desired range in early 2015, but the inflation target is trickier. Inflation isn’t likely to move higher until wages go up significantly, and that may not happen until late in 2015, according to most economists.
Over the past year, average hourly earnings have risen by 2.1%, well below the 3%-3.5% rate the Fed views as necessary to keep inflation at its desired 2% target rate.
Fed Chair Janet Yellen has frequently highlighted wage growth as an indicator the Fed is watching for signs that labor markets are strengthening beyond the declining headline unemployment rate.
But the downside to rapid wage growth is inflationary pressure. When wages rise too quickly it can lead to runaway inflation and eventually cut into corporate profits.
Wage growth and other inflationary indicators are currently at the center of a growing debate within the Fed over the timing of rate hikes. The consensus among Fed economists is that hikes should and will occur in mid-2015, soon enough to head off runaway inflation while remaining low long enough to continue providing stimulus to the fragile economic recovery.
When rates do move higher it will raise borrowing costs, making it more expensive for consumers to get a mortgage or a car loan, or for small businesses to get a loan for expansion.
http://www.foxbusiness.com/economy-policy/2014/12/04/november-jobs-report/
"One word can describe today's report: Spectacular"...coming from Fox News of all places.
Fox News is calling the report "spectacular" so you know things are going even better than expected. The economy is robust thanks to President Obama and The Affordable Health Care Act (Obamacare) has been a big factor as well.
Fox News reports the unemployment rate is at 5.8%. There is no "cooked data". Are you going to call them liars?
I see a lot of terrible negative comments here. You people should be rooting for the President to strengthen our country, to make America the best it can be. Anybody who roots against the President for our country to fail is unpatriotic and un-American.
Amazing that he has done this with virtually no help from Republicans in congress who want him to fail.
( . )( . )
Banned
:crazy: Oh come on ! If this is not a paid Sunstein shill I'll eat my hat. No regular CNN feeeelz quoting sh!tlib is even this stupid.Embers84 said:
Bathhouse Barry's policies have had 11,472,000 Americans leave the work force you (pretend) dolt. With welfare recipients now at an all time high and a record of 20% Americans now on food stamps what are you actually classing as a job?
Stop posting reams of crap. Put in short concise bullet points what you think the Obongo administration has done and how. A single sentence should not be that hard if your argument holds any water. One line, see if you can do it....when you get back to SS from your blog/forum rotation of course.
taiyuu_otoko
Master Don Juan
Hey man, nobody said anything about giving anything away.Vulpine said:
"I want" was intended to mean "where can I buy."
But then again, I'm a believer in free market capitalism. Which these days is kind of like openly believing in Atlantis, the mythical land from before.
Bible_Belt
Master Don Juan
100 million jobs divided by 300 million people = 5.8% unemployment.
With the way American math skills are slumping, those numbers should make perfect sense to a majority of the population.
With the way American math skills are slumping, those numbers should make perfect sense to a majority of the population.