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(NPR)   Jobless rate is down to 7.8% Romney still to be unemployed next month   (npr.org) divider line 791
    More: Spiffy, Bureau of Labor Statistics, unemployment  
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4076 clicks; posted to Main » on 05 Oct 2012 at 9:06 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-05 09:37:15 AM

MyRandomName: Keep thinking the tax policy center is the only economist group working.


five of those other six reports romney cited were written by romney advisors. the sixth was written by the mathematically challenged and murdoch-owned wall st. journal.
 
2012-10-05 09:37:32 AM
So we have 114K new low paying restaurant jobs. Good times.
 
2012-10-05 09:37:45 AM

ManateeGag: Lost Thought 00: Spade: I have a question:

So we added 114,000 jobs.
But the number of unemployed people dropped by 456,000.

So, what happened to the other 342,000 people that aren't unemployed but apparently didn't get jobs?

They retired

or died.


ZOMG DEATH PANELS
 
2012-10-05 09:38:06 AM

Launch Code: 7.8% is only a good thing for the obamorons that think dear leader is doing a good job. To the millions of middle class workers that are still out of work those numbers stink. obama promised 5.6% three years ago. He either lied or didn't understand the how bad the economy was suffering.

The debate proved obama doesn't have a clue. Even the obama friendly media couldn't spin his stammering. Romney knows how to fix this. The only people that can't see through obamas failures are the rubes on the left.


Yeah, Romney will cure American unemployment by laying off Americans and shipping jobs overseas. Wait, wut?
 
2012-10-05 09:38:14 AM

ManateeGag: Lost Thought 00: Spade: I have a question:

So we added 114,000 jobs.
But the number of unemployed people dropped by 456,000.

So, what happened to the other 342,000 people that aren't unemployed but apparently didn't get jobs?

They retired

or died.


Or started their own small business.
 
2012-10-05 09:38:16 AM

DubyaHater: -This doesn't include people who stopped looking for work
-The real unemployment rate is 140%
-The books are being cooked by the Obama campaign
-Rush predicted this months ago. It's a lie
-I'm still unemployed so the numbers are obviously wrong.

/it's amazing these people don't end up swallowing their own tongue.


-The only new jobs are for doctors fixing all the tongue swallowing
 
2012-10-05 09:38:19 AM

kpaxoid: If I was going to fix the numbers, I'd fix it somewhat lower.


Right? These conspiracy theorists are adorable.
 
2012-10-05 09:38:35 AM

Propain_az: So we have 114K new low paying restaurant jobs. Good times.


We'd have better paying manufacturing jobs, but Romney helped ship most of those overseas
 
2012-10-05 09:38:49 AM

BeesNuts: You don't wanna go the way of a certain internet dentist, do you?


did phil finally get the boot? i ignored him a long while ago.

/threadjack
//thought U3 was 7.8 when obama took office. still,
 
2012-10-05 09:38:54 AM

impaler: DempseySR26: Looks like the white house is doing some serious book cooking since the disaster of the debate.

The White House doesn't compute unemployment figures dipshat.


But Republicans believe they do.

So it must be true.

LOL! Now, who didn't see this coming?!! The Magic Negro pulls one out at the last second!

The funny part will be the talking heads who all claim 7.8% is absolutely wonderful and yet Bush at 5.2% was a dolt who couldn't do anything right.
 
2012-10-05 09:39:14 AM
This glorious new!!

After 3 and a half years of driving up the debt $5 trillion, gas prices doubling, and household income going down $4000, unemployment is back where it was when he started!!

Praise Obama!!
 
2012-10-05 09:39:56 AM
Right Wingers pissed off more Americans are employed.

How Patriotic of them.
 
2012-10-05 09:40:48 AM

Summoner101: Propain_az: So we have 114K new low paying restaurant jobs. Good times.

We'd have better paying manufacturing jobs, but Romney helped ship most of those overseas


And don't forget President Bush! Sure, President Obama has been President for 4 years, but his hands have been tied. Reid and Pelosi are doing all they can, but until the Bush/Romney cabal is dealt with it very difficult for success.
 
kab
2012-10-05 09:40:52 AM
Silly libs, unemployment is down simply because Romney trashed 0bama so badly in the debate. Businesses, with a suddenly bright outlook, are just hiring in celebration.
 
2012-10-05 09:41:14 AM
I love the smell of jobs report insta-green in the morning

/smells like...victory
//for Obama
 
2012-10-05 09:41:29 AM

mrshowrules: bulok: There's job growth because Obama's been too busy campaigning to put any legislation or make decisions to fark up the ecomoney

Rmoney is also concerned about the ecomoney.


Stealing that. I shall repay you with a long overdue favoriting.
 
2012-10-05 09:41:42 AM
bmadore.squarespace.com
bmadore.squarespace.com
 
2012-10-05 09:41:45 AM

Propain_az: So we have 114K new low paying restaurant jobs. Good times.


No, we've got 114k real jobs, and 500k+ new low paying restaurant jobs (not literally restaurant, but part time). Which is way, way better than 500k totally unemployed.
 
SH
2012-10-05 09:41:45 AM
Speaking of the debate... it would have been very interesting if Obama declined to debate unless Romney released his 10 years worth of tax returns.
 
2012-10-05 09:41:54 AM

Lost Thought 00: Spade: I have a question:

So we added 114,000 jobs.
But the number of unemployed people dropped by 456,000.

So, what happened to the other 342,000 people that aren't unemployed but apparently didn't get jobs?

They retired


I guess all those 401ks and other retirement investments that have tanked over the past few years have come roaring back then?
 
2012-10-05 09:41:57 AM

Spade: I have a question:

So we added 114,000 jobs.
But the number of unemployed people dropped by 456,000.

So, what happened to the other 342,000 people that aren't unemployed but apparently didn't get jobs?


Retirement. 10,000 baby boomers are reaching the age of 65 every single day.
 
2012-10-05 09:42:01 AM

rev. dave: since unemployment insurance ends at some point and they stop being counted.


The unemployment rate does not work that way.
 
2012-10-05 09:42:05 AM

Callous: gas prices doubling


FYI: gas was $2/gal in jan '09 because demand had collapsed after the economy had been destroyed under bush. prior to its destruction, gas was above $4/gal in the summer of 2008.

you might want to remove that talking point from your list.
 
2012-10-05 09:42:44 AM

Spade: I guess all those 401ks and other retirement investments that have tanked over the past few years have come roaring back then?


Yeah, unless you panicked and sold out.
 
2012-10-05 09:42:49 AM
I came for the derp, and was nearly disappointed by page one, but a couple sterling Farkers pulled it out for me. Smashing job, chaps.
 
2012-10-05 09:42:50 AM
So after 44 months the number is finally below where he said it wouldn't go over?

Yeah, spectacular.
 
2012-10-05 09:42:55 AM
Mitt Romney is out this morning with the whiniest press release of all time. It also sounds surprisingly similar to the Fark Independent (tm) work here in this thread, even down to the "yeah well what about U6?" droning. He also seems to be testing out a new "are you better off today than you were in July?" line.

Link
 
2012-10-05 09:43:54 AM

hugram: mrshowrules: hugram: Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
1/20/2001: 4.2%
1/20/2009: 7.8%
Unemployment Rate Change: 85.71% increase

Obama
1/20/2009: 7.8%
Currently: 7.8%
Unemployment Rate Change: 0.00% increase

Comparing unemployment rate fluctuation when their budgets first took place

Bush
1/01/2002: 5.7%
12/31/2009: 9.9%
Unemployment Rate Change: 73.68% increase

Obama
1/01/2010: 9.7%
Currently: 7.8%
Unemployment Rate Change: 19.59% decrease

You arrive 4 minutes after I summoned you. Well done.

I'm sure I will post the charts again and again in the next couple of weeks or so...

I wish Obama would have stop Romney's BS talking point about unemployment being over 8% for 40 straight months (or whatever the month amount was) and say, "while that might be true, it is a misleading statement. Unemployment has been trending down for the last 20 months or so. We had 10% at one point."

If he mentioned something along those lines, then most people would have seen that as a good thing.


So you're justifying the fact that your guy sucks by pointing to someone that sucks worse? You should really reconsider the standard by which you measure your heros.
 
2012-10-05 09:44:06 AM

Callous: This glorious new!!

After 3 and a half years of driving up the debt $5 trillion, gas prices doubling, and household income going down $4000, unemployment is back where it was when he started!!

Praise Obama!!


Honestly, clawing all the way back from where Bush left us is a remarkable achievement.
 
2012-10-05 09:44:15 AM

incendi: Propain_az: So we have 114K new low paying restaurant jobs. Good times.

No, we've got 114k real jobs, and 500k+ new low paying restaurant jobs (not literally restaurant, but part time). Which is way, way better than 500k totally unemployed.


Wait, I thought adding part time low wage jobs was called a "jobless recovery" and was a bad thing?
 
2012-10-05 09:44:49 AM

Summoner101: Multi-day polls are a junk science and shouldn't be trusted!

Instant reaction polls are completely accurate and should be treated as gospel!

Unemployment numbers that have always been used as common ground are false and are being manipulated by Obama!

/It's getting hard to keep up with this


You really have to think, eventually, populace just starts tuning out these types people... It's obvious at this point, no matter what happens or what statistics are presented, these folks are convinced Obama is the worst president in history and the country is being destroyed by him.

I think these folks have surpassed their counterparts during the Bush years, as far as derangement goes...
 
2012-10-05 09:45:04 AM
Right, but if the Republicans were in power, unemployment would be -23.2%, and there would be tumbleweeds of cash rolling down every street in America.
 
2012-10-05 09:45:07 AM

nyseattitude: Right Wingers pissed off more Americans are employed.

How Patriotic of them.


Keeping folks unemployed has been a key part of their five point plan for regaining the White House. That should be Patriotic enough for any one.
www.truckerdeluxe.com
 
2012-10-05 09:45:27 AM

Snowflake Tubbybottom: So after 44 months the number is finally below where he said it wouldn't go over?


ahh, riiiight... that one.

let's recap:

obama originally underestimated the severity of the bush economic collapse, so he did initially make an incorrect prediction. once the severity of the destruction under the GOP became apparent, he admitted his mistake and quickly revised the number up. that was in 2009.

do you have any more current talking points? or is that what you're going with?
 
2012-10-05 09:45:30 AM

Spade: I guess all those 401ks and other retirement investments that have tanked over the past few years have come roaring back then?


Pretty much.
 
2012-10-05 09:46:44 AM

Spade: Wait, I thought adding part time low wage jobs was called a "jobless recovery" and was a bad thing?


Well, yeah, if you're looking for something to cry about, as many people do when their preferred team doesn't have the ball.
 
2012-10-05 09:47:00 AM

Spade: I guess all those 401ks and other retirement investments that have tanked over the past few years have come roaring back then?


And then some. Stock market is higher than it's been in years. It's a great time to retire, particularly if you delayed it during the crash
 
2012-10-05 09:47:34 AM
Yes, we knew back in January that no matter what level of BS was required or how much you had to play with the numbers. The unemployment rate would magically drop just before the election.

You seriously think that one month ago we had 3 times more people give up looking for a job than actually find a job... But this month we add more jobs in a single month than at any point in the last 29 years?

Incidentally even if this is true, Obama has the worst record for jobs since WW2.
 
2012-10-05 09:48:35 AM

FlashHarry: Snowflake Tubbybottom: So after 44 months the number is finally below where he said it wouldn't go over?

ahh, riiiight... that one.

let's recap:

obama originally underestimated the severity of the bush economic collapse, so he did initially make an incorrect prediction. once the severity of the destruction under the GOP became apparent, he admitted his mistake and quickly revised the number up. that was in 2009.


No shat. Unemployment was well above 9% BEFORE ANY Obama policy was enacted.
 
SH
2012-10-05 09:48:51 AM

Launch Code: 7.8% is only a good thing for the obamorons that think dear leader is doing a good job.


We've had this issue non-stop since 1980. In the 24 years the GOP was in power they amassed a trillion dollar deficit. Clinton fixed that but it was short-lived with W's 2 unfunded wars and tax cuts for the rich. W left us in such a tailspin who knows how much more it will take to pull out. One thing's for sure, keeping the GOP in office benefits nobody except the 1%.

Slowly the ignorant US public is beginning to realize this.
 
2012-10-05 09:48:53 AM

FlashHarry: Callous: gas prices doubling

FYI: gas was $2/gal in jan '09 because demand had collapsed after the economy had been destroyed under bush. prior to its destruction, gas was above $4/gal in the summer of 2008.

you might want to remove that talking point from your list.


After he said that he wants to "necessarily" triple energy prices, no I don't think I will. If he has his way gas will be $6 a gallon by the end of his second term should he get one.
 
2012-10-05 09:48:55 AM

hdhale: I think that once enough people are convinced that Christmas season employment is the only work they are likely to get any time soon, and the only way their kids are going to see presents, suddenly taking a massive paycut to hop back into the workforce and unload boxes of Chinese goods at Walmart sounds pretty damn good.

For all you cheering right, will you be cursing Obama come January when the unemployment rate rises well above 8% again? Nah, you'll go back to mumbling about Bush again I'm sure, win or lose in November.


www.bilerico.com
 
2012-10-05 09:49:26 AM

Callous: hugram: mrshowrules: hugram: Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
1/20/2001: 4.2%
1/20/2009: 7.8%
Unemployment Rate Change: 85.71% increase

Obama
1/20/2009: 7.8%
Currently: 7.8%
Unemployment Rate Change: 0.00% increase

Comparing unemployment rate fluctuation when their budgets first took place

Bush
1/01/2002: 5.7%
12/31/2009: 9.9%
Unemployment Rate Change: 73.68% increase

Obama
1/01/2010: 9.7%
Currently: 7.8%
Unemployment Rate Change: 19.59% decrease

You arrive 4 minutes after I summoned you. Well done.

I'm sure I will post the charts again and again in the next couple of weeks or so...

I wish Obama would have stop Romney's BS talking point about unemployment being over 8% for 40 straight months (or whatever the month amount was) and say, "while that might be true, it is a misleading statement. Unemployment has been trending down for the last 20 months or so. We had 10% at one point."

If he mentioned something along those lines, then most people would have seen that as a good thing.

So you're justifying the fact that your guy sucks by pointing to someone that sucks worse? You should really reconsider the standard by which you measure your heros.


Must suck to be an American that's upset when the country receives good news. Where you depressed when OBL was killed too?

Here are other economic indicators for you to be upset about... enjoy.

GDP performance during the Obama Administration has gone into positive growth.
www.tradingeconomics.com

US stock markets performance during the Obama Administration...
DOW in 01/20/2009: 7,949.09
DOW in 10/04/2012: 13,575.36
Rate of Return: 70.78%

S&P 500 in 01/20/2009: 805.22
S&P 500 in 10/04/2012: 1,461.40
Rate of Return: 81.15%

NASDAQ in 01/20/2009: 1,440.86
NASDAQ in 10/04/2012: 3,149.46
Rate of Return: 118.58%


Private jobs hemorrhage slowed down during the Obama Administration and eventually went into positive territory.
farm9.staticflickr.com

Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
01/20/2001: 4.2%
01/20/2009: 7.8%
Unemployment Rate Change: 85.71% increase

Obama
01/20/2009: 7.8%
Currently: 7.8%
Unemployment Rate Change: 0.00% increase

Comparing unemployment rate fluctuation when their budgets first took place

Bush
01/01/2002: 5.7%
12/31/2009: 9.9%
Unemployment Rate Change: 73.68% increase

Obama
01/01/2010: 9.7%
Currently: 7.8%
Unemployment Rate Change: 19.59% decrease



Unemployment rate has been trending down now during the Obama Administration...
i2.cdn.turner.com


...Even though the Tea Party Nation urged small business owners to not hire people in order to make Obama look bad

Or when a company with company policies about not hiring until Obama is gone based on nothing to do with the basic supply and demand process for his business goods.

Or having Mitch McConnell admit that Republicans took America hostage

Or having the GOP blocked a 10 percent tax break for small businesses that hires new employees

Even so, the job market did improve. Read all about it...

Private-sector job growth biggest in 3 years (new window)

Stealth signs of a stronger job market (new window)

Biggest unemployment rate improvement in nearly 28 years (new window)

Small businesses ramp up jobs (new window)

Jobs: 2 hopeful signs (new window)

The unemployment rate fell to 8.3%. That is the lowest since February 2009 (new window)

Stealth jobs boom: 6 months, 2 million jobs (new window)

Jobless claims plunged last week to a nearly four-year low (new window)

Manufacturing jobs boom is for real (new window)

If you are unemployed or underemployed, you don't have a 4 year degree (or higher) and blame Obama for your situation, then maybe you should get a college degree. It is not the Government's fault you don't have the necessary skills to compete in today's world. The Government can even help you pay for it (via student loans, grants, GI Bill etc.).
farm8.staticflickr.com

Average weekly paychecks have improved.
i2.cdn.turner.com

Inflation has not been out of control.
i2.cdn.turner.com

Manufacturing has started to go up.
i2.cdn.turner.com

Consumer spending is up.
i2.cdn.turner.com

Your taxes have not gone up since Obama took office. This was a rooted fear from Tea Partiers. Take a look at a Forbes article written by Bruce Bartlett, a self-described fiscal conservative...
Forbes: Tea partiers confused, taxes 'lower by every measure' under Obama (Cutting to a new window)
 
2012-10-05 09:49:39 AM

randomjsa: Yes, we knew back in January that no matter what level of BS was required or how much you had to play with the numbers. The unemployment rate would magically drop just before the election.

You seriously think that one month ago we had 3 times more people give up looking for a job than actually find a job... But this month we add more jobs in a single month than at any point in the last 29 years?

Incidentally even if this is true, Obama has the worst record for jobs since WW2.


You'd think since he's just making up numbers randomly he'd make them more favorable, huh?

You are truly a stupid person.
 
2012-10-05 09:50:02 AM

randomjsa: Incidentally even if this is true, Obama has the worst record for jobs since WW2.


Incidentally, this is also the worst Republican caused recession since WW2.

Coincidence?
 
2012-10-05 09:50:22 AM

randomjsa: Yes, we knew back in January that no matter what level of BS was required or how much you had to play with the numbers. The unemployment rate would magically drop just before the election.

You seriously think that one month ago we had 3 times more people give up looking for a job than actually find a job... But this month we add more jobs in a single month than at any point in the last 29 years?

Incidentally even if this is true, Obama has the worst record for jobs since WW2.


Floppy, floppy, flip. It's always sad to watch a fish out of water.
 
2012-10-05 09:50:25 AM
 
2012-10-05 09:50:46 AM

incendi: Spade: I guess all those 401ks and other retirement investments that have tanked over the past few years have come roaring back then?

Yeah, unless you panicked and sold out.


Yep ... this ... my 401k and IRA is +150% from 2007 pre-recession values ... if you pulled out early, man, sorry you suck. Markets ebb and flow, just like home values. If you're only in it for the short term, you're going to be panicking a lot harder than those of us that just kicked back, realized we still have 30 years before we retire, and went on with our lives.
 
2012-10-05 09:51:01 AM
 
2012-10-05 09:51:01 AM

Hollie Maea: Callous: This glorious new!!

After 3 and a half years of driving up the debt $5 trillion, gas prices doubling, and household income going down $4000, unemployment is back where it was when he started!!

Praise Obama!!

Honestly, clawing all the way back from where Bush left us is a remarkable achievement.


You aren't allowed to mention Bush.
i.qkme.me
/Republican rules
 
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