down 95,000 jobs this month

#2
#2
wasn't LG telling us the trend was in the right direction and this would swing the election? the graph you linked certainly shows a trend - a downward trend in both private sector job growth and overall jobs numbers.
 
#3
#3
volinbham said:
wasn't LG telling us the trend was in the right direction and this would swing the election? the graph you linked certainly shows a trend - a downward trend in both private sector job growth and overall jobs numbers.
Click to expand...

Pimpin' ain't easy.

I'm sure all of the experts are shocked and bewlidered.
 
#4
#4
Again you guys are ignoring the number of jobs saved last month. Racists.
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#6
#6
IIRC from watching this morning private sector jobs were up significantly and its government jobs that are way down.

Would think you'd be pretty happy with that.

Market seems okay with it, anyway.
 
#7
#7
64,000 isn't anywhere close to up significantly. that's called flat. 400,000 is what is considered job growth. as for the market. it's happy because the fed is about to put a trillion in easing into the economy which means the fed thinks the economy reallly really really sucks. i'd say economically we look far worse than anyone every imagined.

Broader U-6 Jobless Rate up to 17.1%: Why the Jump? - Real Time Economics - WSJ
 
#8
#8
The August and July payrolls figures were revised to show slightly bigger declines than originally estimated. Payrolls fell 57,000 in August, compared to the 54,000 drop previously reported. When also taking into account revisions to July, the economy shed a total 218,000 in the third quarter.

U.S. Economy Lost 95,000 Jobs in September - WSJ.com
 
#9
#9
lawgator1 said:
IIRC from watching this morning private sector jobs were up significantly and its government jobs that are way down.

Would think you'd be pretty happy with that.

Market seems okay with it, anyway.
Click to expand...

The private sector added 64,000 positions, the weakest showing since June

I and a good % of those unemployed would be happy with 150K private sector jobs per month.

If it was a good number, the market would be up 200 right now
 
#10
#10
64,000 jobs doesn't even cover the amount of people entering the work force every month due to population growth and aging.
 
#11
#11
What is it that the federal government could realistically be doing right now to improve the picture? If the government hired a bunch of people to build roads, the right would have a kiniption that its socialism. If the government announced more spending to stimulate growth and business the right would proclaim it calamitous bankruptcy.

Do not for one second suggest that the stimulus program or the size of the national debt at this stage is thwarting jobs growth. And don't trot out the tired Obamacare card because there is no rationale behind associating that with the pace of this recovery.

Two years ago when this began in ernest all economists said it would be the slowest recovery we had ever had and that is proving to be the case. A lot of businesses are showing improvement in their numbers year over year but credit is still tight and the confidence to hire a lot of people back is not there yet.

That has everything to do with the depth of the economic fall caused mostly by the housing bubble and what was likely going to be a signficiant downturn 2009-2011, anyway.

The market has adjusted its expectations accordingly and that's why we see some recovery there. It will still take significant time for us to be on the mend and that would be true even if McCain had won and the GOP had the House and Senate.
 
#13
#13
$1 trillion to save jobs. $1 trillion! and this is the result. the stimulus might not have hurt things, but it certainly didn't help. and please don't tell me that obama being anti business hasn't hurt job growth.
 
#15
#15
droski said:
$1 trillion to save jobs. $1 trillion! and this is the result. the stimulus might not have hurt things, but it certainly didn't help. and please don't tell me that obama being anti business hasn't hurt job growth.
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The thing I don't get is why over half of it hasn't been spent. If the plan was to start up some needed infrastructure improvement and thereby hire engineers and site amnagers and construction workers, etc., having them in turn put money back into the economy, I don't understand why so much of the money is just sitting there.

That part makes no sense to me.
 
#16
#16
Because it was all about paying back obama's buddies and not about actually helping the economy. the slow implementation was pointed out to you, and ignored, when it happened btw.
 
#17
#17
lawgator1 said:
The thing I don't get is why over half of it hasn't been spent. If the plan was to start up some needed infrastructure improvement and thereby hire engineers and site amnagers and construction workers, etc., having them in turn put money back into the economy, I don't understand why so much of the money is just sitting there.

That part makes no sense to me.
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I bet you agree with Pelosi that food stamps and unemployment checks do more to put money into the economy than actual private sector jobs.
 
#18
#18
attack2v.jpg
 
#21
#21
lawgator1 said:
The thing I don't get is why over half of it hasn't been spent. If the plan was to start up some needed infrastructure improvement and thereby hire engineers and site amnagers and construction workers, etc., having them in turn put money back into the economy, I don't understand why so much of the money is just sitting there.

That part makes no sense to me.
Click to expand...

Look at who designed and implemented the program - they honestly don't have a clue.

Add to that the larger agenda of the WH and it's pretty clear why businesses have extremely low risk tolerances.

Take HC for example - much is unknown about the impact on business. What we've seen so far has all been bad and surprises. No way I'd take a risk to expand right now when I have no idea what the rules are going to be.
 
#22
#22
droski said:
Pelosi: Unemployment Checks Fastest Way to Create Jobs - FoxNews.com

"It injects demand into the economy," Pelosi said, arguing that when families have money to spend it keeps the economy churning. "It creates jobs faster than almost any other initiative you can name."
Click to expand...


You do realize, don't you, that the statement you cite is not remotely the same thing as saying, and I quote MG here:

I bet you agree with Pelosi that food stamps and unemployment checks do more to put money into the economy than actual private sector jobs.
 
#23
#23
Doesn't make it any less idiotic. And she certainly is implying that unemployment checks are a huge driver of economic growth.
 
#24
#24
lawgator1 said:
What is it that the federal government could realistically be doing right now to improve the picture? If the government hired a bunch of people to build roads, the right would have a kiniption that its socialism. If the government announced more spending to stimulate growth and business the right would proclaim it calamitous bankruptcy.

Do not for one second suggest that the stimulus program or the size of the national debt at this stage is thwarting jobs growth. And don't trot out the tired Obamacare card because there is no rationale behind associating that with the pace of this recovery.

Two years ago when this began in ernest all economists said it would be the slowest recovery we had ever had and that is proving to be the case. A lot of businesses are showing improvement in their numbers year over year but credit is still tight and the confidence to hire a lot of people back is not there yet.

That has everything to do with the depth of the economic fall caused mostly by the housing bubble and what was likely going to be a signficiant downturn 2009-2011, anyway.

The market has adjusted its expectations accordingly and that's why we see some recovery there. It will still take significant time for us to be on the mend and that would be true even if McCain had won and the GOP had the House and Senate.
Click to expand...


In all honesty this is where I greatly differ from you and my democratic family. The thing the gov't could realistically be doing is get the hell out of the way. (short answer)

The Long Answer? Stop passing laws that do nothing but impede business Obamacare, Cap and Trade, letting the Bush Tax Cuts expire, spending like mad thus creating a need for taxes to go way up just to pay for it. Quit trying to over regulate things and trying to throw money after problems that just need to puke themselves out. Right now doing nothing would make this recession end much sooner than all the crap they have tried and miserably failed at. And I believe with everything if you trimmed the fat and cut the budget (no really slash the hell out of it) and let people keep more of their money so they'd reinvest it, you bet that the economy would jump out its hole. But nope can't do that, that means politicians can no longer buy their votes from the blood sucking Constituents (and It's both D and R that do that).

This belief that the Government needs to come in and is the only one out there that can fix life's ills is just so naive. It's well intentioned but Gov't can't handle wiping their own ass with out calling in Five helpers and four more to make sure the proper paperwork is filed.
 
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