U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

  1. You have chosen to ignore posts from andiejen. Show andiejen's posts

    U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

     

    WASHINGTON (AP) — A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy.

    The Labor Department says employers added 203,000 jobs, nearly matching October’s revised gain of 200,000. The job gains helped lower the unemployment rate from 7.3 percent in October.

    The strengthening job market is likely to fuel speculation that the Federal Reserve may start to scale back its bond purchases when it meets later this month.

    The economy has now generated an average of 204,000 jobs from August through November. That’s up from 159,000 a month from April through July.

    Many of the November job gains were in higher-paying industries. Manufacturers added 27,000 positions, the most since March 2012. Construction firms gained 17,000.

      © Copyright  2013 Globe Newspaper Company.

     

    http://www.boston.com/business/news/2013/12/06/unemployment-falls-pct-jobs-added/84HvOsBcbbUDrjOqIQrQYP/story.html?comments=all&page=3#comments

     
  2. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    Christ I would hope so. Economy always get better over time. 

     
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  4. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    Good and welcomed news!

     
  5. You have chosen to ignore posts from portfilio. Show portfilio's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

     

     

    Not hearing much praise for Obama.  Where are all the CONservatives to put in a good word for once?

     
  6. You have chosen to ignore posts from ZILLAGOD. Show ZILLAGOD's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to portfilio's comment:
    [QUOTE]

     

     

    Not hearing much praise for Obama.  Where are all the CONservatives to put in a good word for once?

    [/QUOTE]


    Haven't you heard?

    Obama is only blamed for bad things. If anything goes right, he couldn't possibly be involved.

    Sarah Palin taught me this, while she was hunting polar bears instead of governing her state.

     
  7. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to portfilio's comment:
    [QUOTE]

     

     

    Not hearing much praise for Obama.  Where are all the CONservatives to put in a good word for once?

    [/QUOTE]

    Why would Obama get credit for 200,000 jobs being added? Did he do something specifically to get those 200,000 hired?

     
  8. You have chosen to ignore posts from portfilio. Show portfilio's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

     

     

    Ah me!  First mistake I ever made in my life!!


    Should have known by now - esp after watching that Palin hunting video where she shoots at a stag, he conveninetly stands there,  waits for her next shot, and it finally kills him.


    Palin "reality" show - whoopie!

     
  9. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to ZILLAGOD's comment:
    [QUOTE]

    In response to portfilio's comment:
    [QUOTE]

     

     

    Not hearing much praise for Obama.  Where are all the CONservatives to put in a good word for once?

    [/QUOTE]


    Haven't you heard?

    Obama is only blamed for bad things. If anything goes right, he couldn't possibly be involved.

    Sarah Palin taught me this, while she was hunting polar bears instead of governing her state.

    [/QUOTE]

    Depends on who you're talking to. According to most on the Left Obama is not to blame for the bad things...Bush still is. But things that go right...well, that's all Obama's doing of course. Hahaha

     
  10. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    There was a good discussion on NPR yesterday concerning the near term better numbers. They are being driven by a few issues that will make the 1st qtr more painful as the over uptick this qtr will be corrected next qtr.

    Manufacturing was up this qtr but unfortunately sales didn't increase at the same rate so ther is a growing over supply that will result in manufacturing cut backs in 1st qtr.

    Jobs are counted as jobs but, disproportionaltely there was a much higher increase in part time jobs but all jobs are counted the same.  In addition, many jobs were temporary seasonal jobs that go away after return season.

     
  11. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED


    Prolly just more shenanigans over at the census bureau, making up phony surveys again. 

     
  12. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    [QUOTE]Ah me!  First mistake I ever made in my life!![/QUOTE]

    And that was your second.

     

     
  13. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to A_Concerned_Citizen's comment:
    [QUOTE]

    The economy is getting better inspite of the clumsy and stupid attempts by the neo-cons to kill it.

     

    Washington has tried very hard this year to crush the economy with debt ceiling fights, clumsy budget cuts, a government shutdown and complete legislative gridlock. It does not appear to be working.

    Nearly every recent report shows an economy picking up at least a little speed heading into 2014: The jobless rate is falling, house prices are rising, the stock market is soaring and overall economic growth just handily beat expectations. Friday’s employment report showed a gain of 203,000 jobs in November and a big drop in the jobless rate to 7 percent, suggesting the economy has shrugged off the most recent Beltway blows.

    The numbers themselves may not be quite as good as they appear. And there are still several ways Washington could make them even worse next year, from more poorly designed spending cuts and bitter fighting over Obamacare to a potentially botched effort by the Federal Reserve to tap the brakes on its unprecedented stimulus efforts.

    A fresh round of fiscal brinksmanship leading to a shutdown or debt limit scare next year seems unlikely. But it cannot be ruled out. In fact, while most Wall Street economists expect growth to pick up in 2014, they still rate government dysfunction as the leading risk factor.

    “The economy is improving right now because the headwinds from Washington are getting much smaller,” said Jan Hatzius, chief economist at Goldman Sachs. “If you look at the broad range of indicators there is more good news than bad news. And everyone assumes a deal gets made on the sequester and the budget. But that’s not a certainty, and so Washington remains a risk.”

    http://www.politico.com/story/2013/12/economy-100772.html?hp=t2_3

    [/QUOTE]

    A crony capitalist firm like Goldman Sachs, with long and deep ties to the Obama Administration, would naturally worry about "clumsy budget cuts" ...since they rely upon Government for their success.

    A major reason for the limited success of the private sector economy recently is the Republican-controlled House, which has thankfully blocked any more ruinous stimulus , carbon taxes, and other Obama Statist disasters...

    Obama policies have been the problem, not the solution. The Party of "No" has allowed the private sector slight breathing room from more Obama ruination. ObamaCare looms big, however and may keep the economy from really coming back...

     
  14. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

    Obama policies have been the problem, not the solution. The Party of "No" has allowed the private sector slight breathing room from more Obama ruination. ObamaCare looms big, however and may keep the economy from really coming back...

    [/QUOTE]


    Thirty years of progressive policies from 1950 - 1980 (progressive taxation, banking regulation, labor legislation, and investments in education, infrastructure, health care and R&D) gave us a strong middle class and a booming economy. These were the golden years of public policy.

    Thirty years of a conservative agenda after 1980 (trickle-down economics, deregulation, outsourcing and a weakened labor movement) has left us with a decimated middle class, crumbling infrastructure and put our nation in decline in almost every category.

    We know what works.  Conservatives don't.

     
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  17. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to A_Concerned_Citizen's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:

     

    In response to A_Concerned_Citizen's comment:

     

    The economy is getting better inspite of the clumsy and stupid attempts by the neo-cons to kill it.

     

    Washington has tried very hard this year to crush the economy with debt ceiling fights, clumsy budget cuts, a government shutdown and complete legislative gridlock. It does not appear to be working.

    Nearly every recent report shows an economy picking up at least a little speed heading into 2014: The jobless rate is falling, house prices are rising, the stock market is soaring and overall economic growth just handily beat expectations. Friday’s employment report showed a gain of 203,000 jobs in November and a big drop in the jobless rate to 7 percent, suggesting the economy has shrugged off the most recent Beltway blows.

    The numbers themselves may not be quite as good as they appear. And there are still several ways Washington could make them even worse next year, from more poorly designed spending cuts and bitter fighting over Obamacare to a potentially botched effort by the Federal Reserve to tap the brakes on its unprecedented stimulus efforts.

    A fresh round of fiscal brinksmanship leading to a shutdown or debt limit scare next year seems unlikely. But it cannot be ruled out. In fact, while most Wall Street economists expect growth to pick up in 2014, they still rate government dysfunction as the leading risk factor.

    “The economy is improving right now because the headwinds from Washington are getting much smaller,” said Jan Hatzius, chief economist at Goldman Sachs. “If you look at the broad range of indicators there is more good news than bad news. And everyone assumes a deal gets made on the sequester and the budget. But that’s not a certainty, and so Washington remains a risk.”

    http://www.politico.com/story/2013/12/economy-100772.html?hp=t2_3

     



    A crony capitalist firm like Goldman Sachs, with long and deep ties to the Obama Administration, would naturally worry about "clumsy budget cuts" ...since they rely upon Government for their success.

     

    A major reason for the limited success of the private sector economy recently is the Republican-controlled House, which has thankfully blocked any more ruinous stimulus , carbon taxes, and other Obama Statist disasters...

    Obama policies have been the problem, not the solution. The Party of "No" has allowed the private sector slight breathing room from more Obama ruination. ObamaCare looms big, however and may keep the economy from really coming back...

     

     




    Heh, heh, heh ... yep virtually every economist is wrong because your echo chambers tell you so.

     

    Congressional Budget Office Director Doug Elmendorf told Congress recently, "Our position is that the [2009] Recovery Act was not a failed program. Our position is that it created higher output and employment than would have occurred without it."

    Of course, not all economists agree. But in a survey by the University of Chicago's Booth School of Business, 92 percent agreed with the Congressional Budget Office, known as the CBO, that the unemployment rate was lower at the end of 2010 than it would have been without the stimulus law.

    [/QUOTE]

    Statist Kensyian economics is a joke.

    The stimulus was trillion dollar boondoggle disaster. Where did the money go? If we HAD to spend a trillion , at least build a new upgraded national highway system.....high speed rail ..something visible and useful...instead of piddling it away in payoffs to Dem interest groups.

    I will agree, the unemployment rate was lower due to the stimulus, at some specific point at the end of 2010 ....by some miniscule 1/10 of one percent or so ...at the cost to the taxpayers of many millions per individual job......and the confiscation of one trillion dollars from the Treasury, money the Government borrowed, had a ruinous effect on the private sector economy and cost far more jobs in the next few years....

    Government cant spend money efficiently, they send it to their crony unions and public sector layabouts.

     
  18. You have chosen to ignore posts from Hansoribrother. Show Hansoribrother's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to portfilio's comment:
    [QUOTE]

     

     

    Not hearing much praise for Obama.  Where are all the CONservatives to put in a good word for once?

    [/QUOTE]

    Too little too late. You want praise for that? What has that twerp done to cause this?

    Besides, Obama has politicized the entire bureaucracy and the numbers should be viewed with skepticism. If they can lie about the figures just before the last election they can lie any time it suits them.

    Let's put that aside and say the figures are truthful.

    Where is the growth coming from? A good deal is coming from borrowed and printed money. When that stops what do you think will happen then? 

    There are some good things happening in the economy. Energy prices are cheaper compared to the rest of the world. That is from private sector initiative not Obama. That is causing some manufacturing to come back to the US. 

    Obama policies have exacerbated the inequalities in income. When money is borrrowed and printed, the rich are the ones to get first access and make the most of it.

     

     
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  20. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: U.S. UNEMPLOYMENT RATE FALLS AND OVER 200,000 JOBS ARE ADDED

    In response to A_Concerned_Citizen's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

    In response to A_Concerned_Citizen's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:

     

    In response to A_Concerned_Citizen's comment:

     

    The economy is getting better inspite of the clumsy and stupid attempts by the neo-cons to kill it.

     

    Washington has tried very hard this year to crush the economy with debt ceiling fights, clumsy budget cuts, a government shutdown and complete legislative gridlock. It does not appear to be working.

    Nearly every recent report shows an economy picking up at least a little speed heading into 2014: The jobless rate is falling, house prices are rising, the stock market is soaring and overall economic growth just handily beat expectations. Friday’s employment report showed a gain of 203,000 jobs in November and a big drop in the jobless rate to 7 percent, suggesting the economy has shrugged off the most recent Beltway blows.

    The numbers themselves may not be quite as good as they appear. And there are still several ways Washington could make them even worse next year, from more poorly designed spending cuts and bitter fighting over Obamacare to a potentially botched effort by the Federal Reserve to tap the brakes on its unprecedented stimulus efforts.

    A fresh round of fiscal brinksmanship leading to a shutdown or debt limit scare next year seems unlikely. But it cannot be ruled out. In fact, while most Wall Street economists expect growth to pick up in 2014, they still rate government dysfunction as the leading risk factor.

    “The economy is improving right now because the headwinds from Washington are getting much smaller,” said Jan Hatzius, chief economist at Goldman Sachs. “If you look at the broad range of indicators there is more good news than bad news. And everyone assumes a deal gets made on the sequester and the budget. But that’s not a certainty, and so Washington remains a risk.”

    http://www.politico.com/story/2013/12/economy-100772.html?hp=t2_3

     



    A crony capitalist firm like Goldman Sachs, with long and deep ties to the Obama Administration, would naturally worry about "clumsy budget cuts" ...since they rely upon Government for their success.

     

    A major reason for the limited success of the private sector economy recently is the Republican-controlled House, which has thankfully blocked any more ruinous stimulus , carbon taxes, and other Obama Statist disasters...

    Obama policies have been the problem, not the solution. The Party of "No" has allowed the private sector slight breathing room from more Obama ruination. ObamaCare looms big, however and may keep the economy from really coming back...

     

     




    Heh, heh, heh ... yep virtually every economist is wrong because your echo chambers tell you so.

     

    Congressional Budget Office Director Doug Elmendorf told Congress recently, "Our position is that the [2009] Recovery Act was not a failed program. Our position is that it created higher output and employment than would have occurred without it."

    Of course, not all economists agree. But in a survey by the University of Chicago's Booth School of Business, 92 percent agreed with the Congressional Budget Office, known as the CBO, that the unemployment rate was lower at the end of 2010 than it would have been without the stimulus law.

    [/QUOTE]

    Statist Kensyian economics is a joke.

    The stimulus was trillion dollar boondoggle disaster. Where did the money go? If we HAD to spend a trillion , at least build a new upgraded national highway system.....high speed rail ..something visible and useful...instead of piddling it away in payoffs to Dem interest groups.

    I will agree, the unemployment rate was lower due to the stimulus, at some specific point at the end of 2010 ....by some miniscule 1/10 of one percent or so ...at the cost to the taxpayers of many millions per individual job......and the confiscation of one trillion dollars from the Treasury, money the Government borrowed, had a ruinous effect on the private sector economy and cost far more jobs in the next few years....

    Government cant spend money efficiently, they send it to their crony unions and public sector layabouts.

    [/QUOTE]


    Hey spanky, a third of the stimulus was tax cuts and a third was infrastructure spending.

    But hey, don't let the facts get in the way of your rants.

    [/QUOTE]


    So to flip the script, there,  spanky, you think the stimulus worked wonders, then you obviously think tax cuts work to help the economy... glad you are a neo-con at heart.

     
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