Unemployment Rate Drops to Lowest in Four Years

[chrisrobin]

.
... in spite of Republicon obstruction.

http://www.nbcnews.com/business/econ...ears-1C8767810

That's nice. Now, let's talk about abortion.

[palemale]

Thanks to Congressional Republicans, it will start heading up again.

[RazorzEdge88]

Imagine if Captain Underpants had been elected. Thousands, if not millions, of jobs would have been slashed by executive order in his first month alone.

[Jack Springer]

The real story is in the details.

Record number of people are not working ... but that is AWKWARD.

http://www.bls.gov/news.release/pdf/empsit.pdf

[chrisrobin]

The real story is in the details.

Record number of people are not working ... but that is AWKWARD.

http://www.bls.gov/news.release/pdf/empsit.pdf

The real story is your inability to focus. Topic is drop in rate of unemployment.

[CowboyBob]

And the stock market is at a record high!

Automobile sales are up. Home sales are up!

The Obama economy is a success!

[bike10]

Don't expect Fox News to report this good news.

[Rolyo85]

Yes but the BILLIONS of immigrants flooding the country EVERY DAY though!!!

[GiancarloC]

The real story is in the details.

Record number of people are not working ... but that is AWKWARD.

http://www.bls.gov/news.release/pdf/empsit.pdf

Thanks for pulling the usual sort of baloney.

Focus on the story please, and the fact that the last three months of job growth are now around 200,000. The job market is heating up... but the real pity is the political party endorsed by the right wingers on here is engaging in actions that hurt the job market.

Interesting fact: Unemployment could be 7.2% if it wasn't because of all the cuts in government jobs... and it could be even lower if republicans did stall pro-job bills.

[maxpowr9]

The real story is in the details.

Record number of people are not working ... but that is AWKWARD.

http://www.bls.gov/news.release/pdf/empsit.pdf

The real story is your inability to focus. Topic is drop in rate of unemployment.

The two are related if you actually knew anything unemployment. If people drop out of the workforce and are not actively seeking work, they are no longer counted in U3 which is the "official" unemployment statistic. Look at the U6 for a true picture of what the un[der]employment is in the US. It paints a much bleaker picture and if you even look more closely, most of the jobs added are menial labor or using the progressive term: not "living wages".

The problem will only be exacerbated with the sequestration cuts to unemployment benefits.

[GiancarloC]

Doesn't really strike at the main point of this report. Job creation growth has stepped up and increased in number. The U6 statistic isn't that accurate of the actual job situation in this country.

[Jack Springer]

And the stock market is at a record high!

Automobile sales are up. Home sales are up!

The Obama economy is a success!

Bob, surely you know why the stock market is up --- there is no where else where investors can put their money. The economy is dead, long term unemployment is rampant.

There is no recovery. Sad.

[Jack Springer]

The two are related if you actually knew anything unemployment. If people drop out of the workforce and are not actively seeking work, they are no longer counted in U3 which is the "official" unemployment statistic. Look at the U6 for a true picture of what the un[der]employment is in the US. It paints a much bleaker picture and if you even look more closely, most of the jobs added are menial labor or using the progressive term: not "living wages".

The problem will only be exacerbated with the sequestration cuts to unemployment benefits.

Also, people who start temp jobs are counted as new hires -- however, not counted as unemployed when the job is over because most have not worked long enough to earn unemployment benefits.

Times change U6 is the number to look at now.

[maxpowr9]

Bob, surely you know why the stock market is up --- there is no where else where investors can put their money. The economy is dead, long term unemployment is rampant.

There is no recovery. Sad.

The sign of a neoclassical as a Keynesian would say: "in the long-run, we're all dead!"

Yeah it takes a "free-mind" to realize that the public sector has been getting demolished the past 3 years while the private sector has been booming albeit with menial labor jobs.

[Jack Springer]

Doesn't really strike at the main point of this report. Job creation growth has stepped up and increased in number. The U6 statistic isn't that accurate of the actual job situation in this country.

Again, you dwell on 'facts' that only support your opinion and ignore all the other facts.

[Jack Springer]

The sign of a neoclassical as a Keynesian would say: "in the long-run, we're all dead!"

Yeah it takes a "free-mind" to realize that the public sector has been getting demolished the past 3 years while the private sector has been booming albeit with menial labor jobs.

Obama and his policies have destroyed the middle class. The USA is going to look like Mexico.

[CowboyBob]

Your desperate attempt to dismiss the President's recovery is pathetic Springer.

Never in a million years will you give President Obama credit for anything so your replies are worthless.

[maxpowr9]

Obama and his policies have destroyed the middle class. The USA is going to look like Mexico.

The middle class was destroyed under Clinton and only began to show signs of that now like any federal government policy, a lagging variable. To be fair, Gingrich is far more culpable than Clinton but the veto is always an option.

[Jack Springer]

Your desperate attempt to dismiss the President's recovery is pathetic Springer.

Never in a million years will you give President Obama credit for anything so your replies are worthless.

He has done nothing worthwhile. Why would I give him credit.

Making forced social changes are not the job of the President.

- - - Updated - - -

Your desperate attempt to dismiss the President's recovery is pathetic Springer.

Never in a million years will you give President Obama credit for anything so your replies are worthless.

He has done nothing worthwhile. Why would I give him credit.

Making forced social changes are not the job of the President.

[GiancarloC]

Again, you dwell on 'facts' that only support your opinion and ignore all the other facts.

The point zips pass once again... read it once again. It's not about some fucking opinion. I am stating the facts. The job market is picking up, despite major cut backs in government since 2009. It's a pity... the party you support has cut jobs and increased unemployment.

Oh and the president has done nothing worthwhile? Prove it. Oh wait... many asked here throughout the election and there wasn't any proof provided. Obama has done plenty worthwhile, and has helped the country on a stable solid recovery... despite all the resistance from the assholes in the House of Representatives. Speaking opinion... not something I do. I stick to the facts. Can we discuss the facts or just more ridiculous preconceived notions?

[CowboyBob]

The middle class was destroyed under Clinton and only began to show signs of that now like any federal government policy, a lagging variable. To be fair, Gingrich is far more culpable than Clinton but the veto is always an option.

The middle class's decline started under the failed policies of Sainted Ronald Reagan and were decimated during the reigns of the war criminals Bush & Cheney.

The republicans "Contract on America" authored by the adulterous abomination Newt Gingrich, ex-convict Tom Delay and Weeper of the House unstable crybaby John Boehner did a lot of damage.

[Jack Springer]

If you're talking about sequestration -- you keep forgetting . . . it's Obama's idea.

[GiancarloC]

The sign of a neoclassical as a Keynesian would say: "in the long-run, we're all dead!"

Yeah it takes a "free-mind" to realize that the public sector has been getting demolished the past 3 years while the private sector has been booming albeit with menial labor jobs.

Is that why most of those jobs are actually higher paying? Menial labor jobs? Since when? Look at the jobs being created. The bulk of them in higher paying IT, construction and manufacturing.

And Obama and his policies have destroyed the middle class, springer? Care to prove that? Oh wait... again another unprovable bullshit claim.

- - - Updated - - -

If you're talking about sequestration -- you keep forgetting . . . it's Obama's idea.

What a crock... another bullshit claim.

[GiancarloC]

The inability of some right wingers to discuss the facts behind the recent report...

http://money.cnn.com/2013/03/08/news...truction-jobs/

The better-than-expected February jobs report got a big lift from 48,000 new jobs in the construction industry. Builders have added 151,000 jobs over the last five months, the sector's best hiring surge since the 2006 housing bubble.

These ARE NOT menial low paying jobs.

This is the main backbone of the economy. Sorry I cited the Communist News Network... accept my apologies in advanced. I didn't realize it had to come out of Bill O'Reilly's ass to count as valid news.

Oh and this SHARP INCREASE and SHARP BOOM in the construction industry is a GREATER INDICATION of the entire economy as a whole. I know this isn't the doom and gloom some like to post on here, but that negativity is not the reality. Get a grip.

[CowboyBob]

I see the censors have been working.

[Jack Springer]

What a crock... another bullshit claim.

the sequester was the Obama administration’s idea.

http://www.thedailybeast.com/article...sequester.html

[GiancarloC]

http://www.thedailybeast.com/article...sequester.html

Yeah... that's a real credible source.

It wasn't Obama's idea. And I don't care if some Tabloids article claims it was.

Republicans are sabotaging the middle class and still trying to destroy the economy. Even after being destroyed in the last election.

[tigerfan482]

Why should people who drop out of the labor market count anyway? They shouldn't count towards unemployment numbers because they aren't looking for jobs. If you're going to go with those statistics, you may as well throw in the unborn and retired as well because they aren't currently employed either. In fact, let's just count everyone in the country. Unemployed people not looking for jobs don't draw on unemployment and aren't considered active members of the job force, so of course they're not going to be counted. They have found alternate means of supporting themselves and thus aren't relevant to the numbers being discussed. Unemployment numbers have never counted those not actively looking for work, so this is no different under Obama than any other person who has been president while these statistics have been produced.

[Jack Springer]

^^

it's a left wing blog -- you should be flattered.

[GiancarloC]

^^

it's a left wing blog -- you should be flattered.

no it's not. It's just a simple tabloids site. Just take a look at the mainpage.

Get something better please.

And try responding to the rest of my arguments, including my citations... oh wait... the facts are such an inconvenient thing.

[CTF]

I see the censors have been working.

Got a problem with that?

Yeah... that's a real credible source.

It wasn't Obama's idea. And I don't care if some Tabloids article claims it was.

Republicans are sabotaging the middle class and still trying to destroy the economy. Even after being destroyed in the last election.

Sources are sources.

If nothing else it backs up and supports a position.

Dismissing a source because one doesn't agree with it, is almost as bad as dismissing an individual before they've had a chance to make their point.

[Jack Springer]

Are you totally unaware of what has been happening in the USA during the past 5 years.

People are dropping out of the work force because they cannot find a job -- because very few have been created. They are living off their retirement, paying penalties for early withdrawals of IRA's, cashing in their pensions ... just to pay rent, mortgages, food, insurance.

You are totally without compassion and empathy.

... and you call yourself a caring liberal? Burn your card right now.

Why should people who drop out of the labor market count anyway? They shouldn't count towards unemployment numbers because they aren't looking for jobs. If you're going to go with those statistics, you may as well throw in the unborn and retired as well because they aren't currently employed either. In fact, let's just count everyone in the country. Unemployed people not looking for jobs don't draw on unemployment and aren't considered active members of the job force, so of course they're not going to be counted. They have found alternate means of supporting themselves and thus aren't relevant to the numbers being discussed. Unemployment numbers have never counted those not actively looking for work, so this is no different under Obama than any other person who has been president while these statistics have been produced.

[GiancarloC]

Sources are sources.

If nothing else it backs up and supports a position.

Dismissing a source because one doesn't agree with it, is almost as bad as dismissing an individual before they've had a chance to make their point.

Oh it's not a source. Sorry. It's just a link.

Anyone can post any crap link they want from the internet... it doesn't back up there case. And I just dismissed it.

[GiancarloC]

Are you totally unaware of what has been happening in the USA during the past 5 years.

People are dropping out of the work force because they cannot find a job -- because very few have been created. They are living off their retirement, paying penalties for early withdrawals of IRA's, cashing in their pensions ... just to pay rent, mortgages, food, insurance.
.

More people have actually entered the work force in the past two years because of the greater number of jobs created. The last three months have seen job growth around and close to 200k. Care to address this point?

[tigerfan482]

Are you totally unaware of what has been happening in the USA during the past 5 years.

People are dropping out of the work force because they cannot find a job -- because very few have been created. They are living off their retirement, paying penalties for early withdrawals of IRA's, cashing in their pensions ... just to pay rent, mortgages, food, insurance.

You are totally without compassion and empathy.

... and you call yourself a caring liberal? Burn your card right now.

There are plenty of jobs to be had. What you are saying is that they cannot find a job that they want. There is a difference. Retired people trying to go back to work is a symptom of the Bush years and the financial calamity they caused. Everything else you mentioned is a result of people either a) being very picky about what jobs they get (not a fault of the government) or b) having more expense than what any job they can find can support (again, not a fault of the government.) Look to your friends in the private sector for why they can't produce jobs that pay enough to make these people want to take them.

[Jack Springer]

Yes, I'll address it. 200,000 jobs created in a month are not enough to reduce the unemployment rate to acceptable levels.

The reason the rate has been going down is that more people have given up trying to find a job and are no longer counted as unemployed.

For your reading enjoyment . . .

http://www.aei-ideas.org/2013/03/to-...ormal-economy/

[GiancarloC]

No. Not addressing it. Read the source I posted again. 200,000 is enough to drive down the unemployment rate, and if republicans woulds top stalling in Congress pro-job bills could be passed. 200k is clearly enough and is having an impact on reducing unemployment. Most of the job growth is in the construction and manufacturing sector, another point that isn't being addressed. Keep on deflecting.

Thanks for the right wing websites. What "recovery plan" is that? The fictitious republican one?

[maxpowr9]

Got a problem with that?



Sources are sources.

If nothing else it backs up and supports a position.

Dismissing a source because one doesn't agree with it, is almost as bad as dismissing an individual before they've had a chance to make their point.

No, there are tiers of sources. It's something like...

Academic journals >> Print publications >>> News/Televised publications >>>>>>>>>>>>> Internet publications/blogs/other garbage

Bias is subjective like normalcy but the validity of sources as listed above is true. I would scoff at anyone citing dailykos or breitbart as a source.

[Jack Springer]

Where do you live? Mars?

I'm guessing you're a school teacher or federal government employee.

There are plenty of jobs to be had. What you are saying is that they cannot find a job that they want. There is a difference. Retired people trying to go back to work is a symptom of the Bush years and the financial calamity they caused. Everything else you mentioned is a result of people either a) being very picky about what jobs they get (not a fault of the government) or b) having more expense than what any job they can find can support (again, not a fault of the government.) Look to your friends in the private sector for why they can't produce jobs that pay enough to make these people want to take them.

[GiancarloC]

Where do you live? Mars?

I'm guessing you're a school teacher or federal government employee.

Now it's becoming personal?

And yea. Max is right. I had my fair share of disagreements with him... but blogs are not sources. I was in error. I should have not called it a source. All blogs are just blogs. I don't care where they tilt.

[tigerfan482]

Where do you live? Mars?

I'm guessing you're a school teacher or federal government employee.

I am a federal government employee, as I have stated in numerous other posts. Back when the private sector was booming, I chose a job that paid less but allowed me to do what I wanted to do and serve my country. What's your point? Because I work for the government I can't understand why it is people are dropping out of the job market?

If people wanted jobs, they could find jobs. Making $40,000 a year versus the $60,000 a year they used to make isn't ideal, but it's still income.

[Jack Springer]

^^

Yes, as a federal employee you are an isolated person. The internal politics and reluctance to accept new ideas in the federal complex leads to people performing to a minimal standard.

The problem is the $40,000 jobs are now minimum wage or less jobs -- like I said, you are out of touch.

[GiancarloC]

Wow... now we must resort to personal attacks?

[tigerfan482]

^^

Yes, as a federal employee you are an isolated person. The internal politics and reluctance to accept new ideas in the federal complex leads to people performing to a minimal standard.

The problem is the $40,000 jobs are now minimum wage or less jobs -- like I said, you are out of touch.

I am not an isolated person at all. Your characterization of federal employees at best demonstrates your ignorance of what we do and at worst shows either your inadvertent ignorance or willful acceptance of a stereotype.

Also, there are tons of people who work for minimum wage. This is being discussed right now in the income inequality thread. A job is a job. If people drop out of the workforce instead of accepting a minimum wage job, then they shouldn't be counted in the unemployment numbers because they have consciously made the decision to not be employed versus being employed at less than what they think they are worth. Again, none of this is any fault of the government, unless you're proposing they pass a minimum wage scale for each profession to force the private sector to pay people at a rate which the government predetermines.

[Jack Springer]

Isolated and uninformed.

[tigerfan482]

Isolated and uninformed.

I know you are a Republican, but please try to understand that repeating something multiple times doesn't make it true.

[xbuzzerx]

^^

Yes, as a federal employee you are an isolated person. The internal politics and reluctance to accept new ideas in the federal complex leads to people performing to a minimal standard.

The problem is the $40,000 jobs are now minimum wage or less jobs -- like I said, you are out of touch.

What do you do, Jack? Since you feel people's personal occupation is relevant to the discussion.

[GiancarloC]

Isolated and uninformed.

Wow. that's how republicans looked on election day when they voted for the two assholes.

[xbuzzerx]

Wow. that's how republicans looked on election day when they voted for the two assholes.

lmao touche.

[CowboyBob]

I know you are a Republican, but please try to understand that repeating something multiple times doesn't make it true.

And a bitter one at that. Imagine what he went through when he saw the man he hates so obsessively elected twice and his political heroes defeated. Think of what goes through his head when he sees the economy improving. Total denial.