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(NPR)   Jobless rate is down to 7.8% Romney still to be unemployed next month   (npr.org) divider line 110
    More: Spiffy, Bureau of Labor Statistics, unemployment  
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4079 clicks; posted to Main » on 05 Oct 2012 at 9:06 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-10-05 09:17:09 AM  
11 votes:
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
2012-10-05 09:49:26 AM  
6 votes:

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 09:16:33 AM  
4 votes:
As an America loving conservative, the fact that more people are working than before angers and infuriates me.
2012-10-05 09:09:11 AM  
4 votes:
EVERYBODY KNEW the number would be below 8% by the election.

Anyone that believes this report is an idiot.
SH
2012-10-05 09:48:51 AM  
3 votes:

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 09:42:05 AM  
3 votes:

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 09:11:01 AM  
3 votes:

GAT_00: So unemployment is now lower than when he took office. There go a swarm of GOP talking points.


I completely concur. I'm relieved too. The MSM saying Mittens won the debate because he bullshiated the best was surreal. Romney even quoted the GOP mantra during the first debate: Repeat the lies over and over again until they believe the lies.
2012-10-05 09:00:26 AM  
3 votes:
i73.photobucket.com

how convenient
2012-10-05 10:35:03 AM  
2 votes:
U6 is one of the most abused statistics ever devised. If you're not an economist, do my blood pressure a favor and never cite it for any reason ever again. Heck - if you're an economist but your specialty isn't labor, never cite it. My specialty isn't labor, so I never cite it. It's useful only in a very narrow set of analytic circumstances.

Look, it's going to be hard for some people to accept that the economy got better. No amount of anecdotal evidence to the contrary or amateur use of statistics you don't fully understand is going to change that.
2012-10-05 10:12:23 AM  
2 votes:

barneyfifesbullet: EVERYBODY KNEW the number would be below 8% by the election.

Anyone that believes this report is an idiot.


Says the guy with absolutely no idea whatsoever as to how DoL goes about the task of gauging US employment.

Please, share with us your knowledge of the process. And please include any evidence of your actual training in this area to bolster the veracity of your claim.

Or, you could just be silent and confirm that you are completely full of shiat.
2012-10-05 09:53:11 AM  
2 votes:

smitty04: [images.businessweek.com image 600x350] 
Two houses within two blocks of me are in foreclosure, people are just walking away from them. The economy seems to be getting worse.


everybody i know has a job. unemployment must be at zero percent.

/farking anecdotal evidence. how does it work?
2012-10-05 09:50:02 AM  
2 votes:

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 09:34:51 AM  
2 votes:
-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.
2012-10-05 09:31:04 AM  
2 votes:
The AM talk radio guy was hoping for higher unemployment this morning because it would hurt Obama. That's the GOP in a nutshell, screw over everyone else so you can get what you want.
2012-10-05 09:30:26 AM  
2 votes:

david_gaithersburg: Wow, upon actually looking at the report these numbers really suck. They had to add restatements from prior months to the current month in order for it not to look like a complete disaster. The reality is that the current month was short the 200k jobs needed to keep up with the rate of new people entering the work force. But hey, keep chugging that kool aide my leftist friends.


Uhh revising estimates, sometimes drastically, has always been done. There just isn't enough time to process hard numbers in order to get the most accurate report out as possible. You can generally choose two of accurate, precise, and fast. The first report is accurate and fast but with a huge error that most people who regularly follow this stuff know about. They increase the precision as time goes on and you can get more data, such as tax data from the IRS, to really get a clearer picture of what happened. The fact that past revisions are going in the right direction is unambiguously good news.
2012-10-05 09:21:19 AM  
2 votes:

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


Facts and math have a liberal bias.
2012-10-05 09:21:14 AM  
2 votes:
BULLS*IT
2012-10-05 09:14:40 AM  
2 votes:

Pumpernickel bread: Not enough jobs are being produced to put a dent in the unemployment numbers, so this is actually an indicator of something worse - in the past month, thousands of Americans have given up hope of finding a job and just stopped trying.


Um, you may want to double check Dusk's post a couple of entries above yours. Labor force participation is actually up.

Still, even if you're right in the end, 9/10 people only care what the top line number is - not what the math is behind it.
2012-10-05 09:10:12 AM  
2 votes:

barneyfifesbullet: EVERYBODY KNEW the number would be below 8% by the election.

Anyone that believes this report is an idiot.


www.theclevelandfan.com
2012-10-05 09:09:37 AM  
2 votes:

The Muthaship: That many joined the "not trying to find a job anymore' rolls?


None, apparently. In fact that number dropped. Massive revisions to previous numbers.
2012-10-05 01:24:05 PM  
1 votes:

Bill Frist: Uh... are you under the imperession that the great recession bottomed out at 7.8% unemployment?

[reflectionsofarationalrepublican.files.wordpress.com image 819x460]


i46.tinypic.com
2012-10-05 12:03:04 PM  
1 votes:
This is classic!

Conn Carroll, a senior writer at the conservative Washington Examiner suggested a slightly less nefarious form of manipulation of the data.

"I don't think BLS cooked numbers. I think a bunch of Dems lied about getting jobs. That would have same effect," he tweeted. "Would love to see the partisan breakdown of the 873,000 Americans who say they got new jobs."


i3.kym-cdn.com

"Payroll reporting does not work that way!"

You heard it here first, people. Apparently, HUNDREDS OF THOUSANDS OF DEMOCRATS formed companies and then added themselves to the payrolls of those companies that report to the Labor Department.

They just went full retard. Time for popcorn!
2012-10-05 11:47:25 AM  
1 votes:

tkwasny: The Muthaship: That many joined the "not trying to find a job anymore' rolls?

Temp Christmas help is counted every year when added. Not counted in January when they are fired. Standard numbers manipulation both parties run every year.


Here's a guy who doesn't understand what "seasonally-adjusted" means.
2012-10-05 11:25:16 AM  
1 votes:

The Stealth Hippopotamus: Did you ever think that we would have people in America happy with breaking 8% unemployment?


Coming down from 10+%, of course!

Liberals: "Good report. It shows that things are still headed in the right direction. More work to do, but the trend is positive."
Conservatives: "Stupid libs being all happy that unemployment dropped under 8%"

Did you ever think that we would have people in America being so deliberately obtuse as to ignore trends?
2012-10-05 11:22:56 AM  
1 votes:

The Stealth Hippopotamus: Did you ever think that we would have people in America happy with breaking 8% unemployment?


Yeah.

What I didn't expect was that people would be pissed about it.
2012-10-05 11:14:20 AM  
1 votes:

Thunderpipes: Even if the number was true, which it is not (it will be revised), fact that libs are wetting their pants over 7.8% unemployment, and huge drop in household income, shows how dumb people really are.


"In September, average hourly earnings for all employees on private nonfarm
payrolls rose by 7 cents to $23.58. Over the past 12 months, average hourly
earnings have risen by 1.8 percent. In September, average hourly earnings of
private-sector production and nonsupervisory employees increased by 5 cents
to $19.81."

Certainly not anything to crow over, but it is real, current data rather than the Fox News report about household incomes dropping since Obama took office (presumably what you were referring to) which ignores the trainwreck that was going on when he took office.

This story shows that the biggest drop occurred in 2010 (a direct result of the financial collapse) and was basically holding steady in 2011. I don't have any data for 2012 overall, but the paragraph above from the BLS jobs report seems to fly in the face of the 'huge drop in household incomes' talking point you probably were referring to.
2012-10-05 11:13:49 AM  
1 votes:

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

Wall of crap

I don't cheer for crappy number just because they are a fraction less crappy than last months numbers. I also don't cheer for crappy numbers because they are less crappy than the last failure that was in office.

But hey your guy is in office now so cheer that unemployment is down a fraction of a percent and ignore the staggering debt and deficit growth, household income falling, and energy prices skyrocketing "necessarily". It's clearly a great day for the country

In Canada we never blame low or high gas prices on the Government. We are less stupid that way.

In the United States some of know that when you intentionally drive up the cost of one or more forms of energy it effects the others. But keep telling yourself that.

So Obama is intentionally driving up the price of gas? Let me guess, by delaying the Keystone Pipeline? Please tell me that is not what you are seriously going to argue?

No, he's intentionally driving up the price of electricity. When one goes up they all are effected.

OMG. I checked the Internets. It is worse that I thought. Fartbongo s driving up electricity costs throughout the entire world.

Actually I quoted Obama himself. But hey if you got nothing else you can just keep denying that he said it.

What quote? I don't see a quote. Do you mean your link to the an energy lobby website?

On The Issues is not an energy lobby website and there is a direct quote.


There seem to be a few quotes there. Why don't you just post the quote if you think it is somehow significant?
2012-10-05 11:13:43 AM  
1 votes:

urbangirl: can i have some of those cherries you're picking?

/i loves me some cherries.


Excuse me? You want to accuse me of cherry picking?

Name one metric of the economy that isn't improving?
2012-10-05 11:09:48 AM  
1 votes:

indarwinsshadow: As a Canadian, let me say. I don't care. You broke your country. You fix it. Good luck Americans.


Thanks for not caring so much you bothered to post!
2012-10-05 11:09:45 AM  
1 votes:

indarwinsshadow: As a Canadian, let me say. I don't care. You broke your country. You fix it. Good luck Americans.


Apparently we are in the middle of fixing it.
2012-10-05 11:08:53 AM  
1 votes:

Thunderpipes: Even if the number was true, which it is not (it will be revised), fact that libs are wetting their pants over 7.8% unemployment, and huge drop in household income, shows how dumb people really are.


Wetting pants? Nah, seeing progress. I think that is something everyone in America should be optimistic about. Took a long time to turn that Titanic of an economy crash around, but I think it's happening. Sorry you don't like it because your team is not in charge.
2012-10-05 11:07:55 AM  
1 votes:

Thunderpipes: Hehe, koolaid!!

114k jobs, not enough to keep up with population growth, 0.3% drop in unemployment all of a sudden?

Oh ya, majority of the new jobs are government jobs, go figure.

Morons, libs be it.


Liar.
2012-10-05 11:06:41 AM  
1 votes:

Thunderpipes: Even if the number was true, which it is not (it will be revised), fact that libs are wetting their pants over 7.8% unemployment, and huge drop in household income, shows how dumb people really are.


Given that the last few jobs-added numbers have been revised upwards, you're right. Just not in the way that you intend.
2012-10-05 11:04:56 AM  
1 votes:

Thunderpipes: Hehe, koolaid!!

114k jobs, not enough to keep up with population growth, 0.3% drop in unemployment all of a sudden?

Oh ya, majority of the new jobs are government jobs, go figure.

Morons, libs be it.


Yes, those of us who actually read the report are the morons here.
2012-10-05 11:03:48 AM  
1 votes:

RelativeEase: So how exactly has Obama fixed what GWB had farked up so badly if unemployment is exactly the same as when he took office?


This is like asking how going uphill is different from going downhill if you're at the same elevation when you take a measurement.
2012-10-05 10:58:24 AM  
1 votes:
24.media.tumblr.com

But this man has a real economic plan: regulate Sesame Street!
2012-10-05 10:50:34 AM  
1 votes:

impaler: Business failures say otherwise:
[growlersoftware.com image 808x1255]


Yeah, I'm sure "Madoff Investment Securities" is out of business because the economy is bad. That's some good evidence there Lou.

/And "Trump Entertainment Resorts?"
//A Trump Enterprise went bankrupts, so it must be a bad economy Tuesday
2012-10-05 10:45:14 AM  
1 votes:

legalgus: Obama is going down. Time for liberal leaches to start looking for a job and pay taxes.


Login: legalgus
Account created: 2012-09-28 23:46:02

buh-bye
2012-10-05 10:44:16 AM  
1 votes:

publikenemy: Trollolololololololooooooo aaahahhahahahahahaha..I love campaign season


They made an image describing you:

i1098.photobucket.com
2012-10-05 10:43:59 AM  
1 votes:

Bloody William: Like making Obama look bad without contextualizing and providing the history of that rate and just holding it up against the U3 to give the impression that Obama has doubled the number of unemployed people?


context:

i242.photobucket.com

source

republicans hate comparing apples to apples.
2012-10-05 10:41:09 AM  
1 votes:

PunGent: .grumbling about the Bushtards will be appropriate for about three decades, at least.


Any 30-year bonds that were issued to help pay for that will have matured by then, so I'd say that's a fair time frame.
2012-10-05 10:36:11 AM  
1 votes:

Ricardo Klement: U6 is one of the most abused statistics ever devised. If you're not an economist, do my blood pressure a favor and never cite it for any reason ever again. Heck - if you're an economist but your specialty isn't labor, never cite it. My specialty isn't labor, so I never cite it. It's useful only in a very narrow set of analytic circumstances.


See also:

You can't easily compare U6 changes to U3 because both numerator & denominator (labor force size) change when adding involuntary part-timers

- Mike Konczal (@rortybomb) October 5, 2012
2012-10-05 10:27:49 AM  
1 votes:

Callous: In the United States some of know that when you intentionally drive up the cost of one or more forms of energy it effects (sic)the others.


and just how, pray tell, is the president "intentionally" driving up gas prices?

and why on earth would he do that when the political cost is so high?

and why do you "conservatives" scream "politics!" when he talks of releasing oil from the strategic reserves if he's "intentionally" driving up prices?
2012-10-05 10:26:49 AM  
1 votes:

publikenemy: Here's one source, there are many


Jerome Corsi is not a legitimate source for anything
2012-10-05 10:26:40 AM  
1 votes:

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

Wall of crap

I don't cheer for crappy number just because they are a fraction less crappy than last months numbers. I also don't cheer for crappy numbers because they are less crappy than the last failure that was in office.

But hey your guy is in office now so cheer that unemployment is down a fraction of a percent and ignore the staggering debt and deficit growth, household income falling, and energy prices skyrocketing "necessarily". It's clearly a great day for the country

In Canada we never blame low or high gas prices on the Government. We are less stupid that way.

In the United States some of know that when you intentionally drive up the cost of one or more forms of energy it effects the others. But keep telling yourself that.


So Obama is intentionally driving up the price of gas? Let me guess, by delaying the Keystone Pipeline? Please tell me that is not what you are seriously going to argue?
2012-10-05 10:23:23 AM  
1 votes:

hugram: 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.


If the media frenzy after the debate showed us anything, substantive points/arguments are meaningless. Facts are meaningless. Obama apparently needs to be more animated, stare at Romney intently and run his mouth like an idiot while appearing to be angry.
2012-10-05 10:20:53 AM  
1 votes:
i449.photobucket.com

Oh that's right. "Run to the Center" Romney totally repudiated those 47% comments. I guess he's abandoning his base now that he's got what he wanted from them.
2012-10-05 10:16:07 AM  
1 votes:
Makes me wonder if Obama knew these on Wednesday night which is why he was so chill and not like the angry old man.
2012-10-05 10:10:54 AM  
1 votes:

Callous: Summoner101: Callous: FlashHarry: Callous: 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.

a) he was referring to electricity, not oil
b) the only source cited for that quote is donald trump (if you google the quote, ONLY rightwing sites come up, indicating that it was breitbarted)
c) your claim doesn't change the fact that gas prices were $2/gal in jan '09 because demand had collapsed along with the global economy

So the doubling of the gas prices was just a bonus? Got it, thanks. I feel so much better now.

Well at least you're being deliberately obtuse.

Sarcasm, how does it work?


Your sarcasm still claimed gas prices doubling as a honest grievance against Obama.

So yea, still deliberately obtuse. And now apparently an idiot because you don't know how sarcasm works.
2012-10-05 10:08:36 AM  
1 votes:
This is why I have given up on politics. The rah! team mentality and factual cherry picking going on here for both sides is disturbing.
2012-10-05 10:06:54 AM  
1 votes:
NO NUMBERS ARE TRUE IF THEY SUPPORT THE POSITION OF SOMEONE I DON'T LIKE!

Have any of you naysayers thought about what you're implying with your paranoid rants that Obama's fixing the numbers to look good? You're basically saying that any numbers you don't agree with might be compromised as part of a conspiracy.
2012-10-05 10:05:39 AM  
1 votes:

Callous: So the doubling of the gas prices was just a bonus? Got it, thanks. I feel so much better now.


We have reached the point where anytime that the global economy is doing ok, gas prices are going to be high. Sucks, but that's how it is. Deal with it.

/Or you could vote for someone who just lies through his teeth and says he will magically lower prices. I hear Newt Gingrich is available.
//Or you could vote for someone who will wreck the world economy and bring gas prices down with it. I hear Mitt Romney is available.
2012-10-05 10:03:47 AM  
1 votes:

publikenemy: I'm sure this has been said already, but that 7.8% does not take into account the millions of people who have run out of benefits, taken small part time jobs, or just plain stopped looking. Do you realize how many people run out of unemployment benefits every day? But I'm sure these facts are not worth noting to Obama sycophants


That's not how these numbers are collected. But then you knew that.
2012-10-05 10:03:30 AM  
1 votes:

Callous: FlashHarry: Callous: 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.

a) he was referring to electricity, not oil
b) the only source cited for that quote is donald trump (if you google the quote, ONLY rightwing sites come up, indicating that it was breitbarted)
c) your claim doesn't change the fact that gas prices were $2/gal in jan '09 because demand had collapsed along with the global economy

So the doubling of the gas prices was just a bonus? Got it, thanks. I feel so much better now.


Well at least you're being deliberately obtuse.
2012-10-05 10:02:43 AM  
1 votes:

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


i1162.photobucket.com
2012-10-05 10:01:29 AM  
1 votes:

beta_plus: It's not a conspiracy - but liberals are deluding themselves if they are celebrating over 114,000 new jobs.

/economic metrics are often imperfect


I wonder what this post would look like had the rate gone up not down.
2012-10-05 10:00:12 AM  
1 votes:

TIKIMAN87: Dog Welder: TIKIMAN87: BULLS*IT

I AM UPSET THAT OUR ECONOMY IS RECOVERING!

It's isn't

Only on paper it is recovering.


Huh, funny ... must've missed where my business showed pre-recession revenue and profit in 2010 and 2011, and this year, we're set to break our 20-year record in sales, revenue, and profit. Oh, and our payroll doubled this year as well. +10 new jobs since 2011.

/We're in new home construction
//In Cleveland ...
///My 401k and IRA have both recovered and then some since 2007 pre-recession values.
////Enjoy your day
//Slashies!
2012-10-05 09:57:47 AM  
1 votes:

Dog Welder: TIKIMAN87: BULLS*IT

I AM UPSET THAT OUR ECONOMY IS RECOVERING!


It's isn't

Only on paper it is recovering.
2012-10-05 09:57:34 AM  
1 votes:

Callous: 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.


a) he was referring to electricity, not oil
b) the only source cited for that quote is donald trump (if you google the quote, ONLY rightwing sites come up, indicating that it was breitbarted)
c) your claim doesn't change the fact that gas prices were $2/gal in jan '09 because demand had collapsed along with the global economy
2012-10-05 09:55:54 AM  
1 votes:

MilesTeg: I see the DNC and their (probably paid) internet shills are in full force today. I guess the talking points memo probably went out late last night.

Nice damage control try, albeit exceedingly transparent and laughable.


Well at least you're concerned so you have that going for you. Still waiting for Rush to come on?
2012-10-05 09:52:29 AM  
1 votes:

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.


Then why can't he tell us his plan?
2012-10-05 09:51:11 AM  
1 votes:
The GOP is trying to make big hay out of the "bad economy" painting a picture of a bumbling president, who just cant seem to get a handle on it. Well, I'm not sure if these new unemployment figures are a tad smoke-and-mirrors, but all one has to do is look at the steady recovery of all markets and improvements of nearly all economic indicators over the last year. I'd say that to the extent that the president can move the economy (with is very little), Obama's stepped up and got the job done.

The general consensus of the politicos about Obama's debate performance Wednesday is that it was abysmal. Romney should have got a good poll bump, but he didn't. The red states are still red, the blue states still blue and both candidates lead margins continue to widen in them. I don't think there's enough polling data from swing states yet to see if Obama hurt himself in them, but somehow I doubt it. Romney's 47% blunder is not going to go away and being smooth in the debates isn't going to negate it.
2012-10-05 09:51:08 AM  
1 votes:
Well that is some great news and I'm sure Obama will NOT bring it up during any of the debates.
2012-10-05 09:50:46 AM  
1 votes:

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 09:46:44 AM  
1 votes:

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 09:45:27 AM  
1 votes:

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 09:45:07 AM  
1 votes:

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 09:42:44 AM  
1 votes:

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 09:42:01 AM  
1 votes:

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 09:41:54 AM  
1 votes:

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 09:41:45 AM  
1 votes:

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.
2012-10-05 09:38:35 AM  
1 votes:

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 09:38:06 AM  
1 votes:

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 09:35:20 AM  
1 votes:
Obama built that.

Actually, if people want more jobs,jjust buy more stuff made in America. The president has far less to do with job creation than the American shopper. I bought an American-made extension cord. Best money I ever spent on tools. Could have bought narrow-gauge, Chinese slave labor made crap but I'm glad I didn't.
2012-10-05 09:34:25 AM  
1 votes:
Good. I'll take what we can get right now. It's been a hard five years.
2012-10-05 09:33:26 AM  
1 votes:
And the Republican inability to accept reality continues to grow. Somewhere, Brezhnev is laughing even harder at Reagan.
2012-10-05 09:31:05 AM  
1 votes:
I'm very critical supporter of President of Obama, mainly because I think the Republicans are just plain slave masters in training. But even I can do simple math.

When Obama became President, unemployment bottomed out at around 16%. He said he would get it to 6%. Every week I watch the Sunday morning bobblehead shows and they're all like

- unemployment is still over 10% - OMG!! WHARGARBLE!!1111!
- unemployment is still over 9% - The President is lying scum.
- unemployment is still over 8.6% - the sky is falling, Obama has not kept his promise!
- unemployment is at 8.45 - The President is full of shiat.
- unemployment is at 8% - why can't this President get it together? What is his problem? He's not working for the economy at all!

Now that unemployment is at 7.8%, I expect their heads are just gonna explode and they're going to declare him an unpatriotic traitor who hates America....

....oh wait
2012-10-05 09:29:29 AM  
1 votes:

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.
2012-10-05 09:29:29 AM  
1 votes:

DaCaptain19: Unemployment is lower due to more and more people giving up looking for a job.


"Among the marginally attached, there were 802,000 discouraged workers in
September, a decline of 235,000 from a year earlier. (These data are not
seasonally adjusted.) Discouraged workers are persons not currently looking
for work because they believe no jobs are available for them."
2012-10-05 09:29:13 AM  
1 votes:

Pumpernickel bread: Grand_Moff_Joseph: Pumpernickel bread: Not enough jobs are being produced to put a dent in the unemployment numbers, so this is actually an indicator of something worse - in the past month, thousands of Americans have given up hope of finding a job and just stopped trying.

Um, you may want to double check Dusk's post a couple of entries above yours. Labor force participation is actually up.

Still, even if you're right in the end, 9/10 people only care what the top line number is - not what the math is behind it.

Those numbers just don't jibe. Can't say it is all Obama's fault. He had little to do with the cause of this, but there just can't be a meaningful drop in unemployment when we are producing less than 200k jobs a month. The only thing that could explain it is immigration slowing down and maybe emmigration ramping up


Possibly. Keep in mind that the baby boomers are retiring in waves, which also shrinks the total raw workforce. In theory, the participation rate may tick up over time by simple senior citizen attrition.
2012-10-05 09:28:11 AM  
1 votes:

Pumpernickel bread: but there just can't be a meaningful drop in unemployment when we are producing less than 200k jobs a month.


Or you know, you could read the friggin' report and see what's going on. It's not that complicated, really. Link to the actual report from the farkin' bureau of farkin' labor statistics.
2012-10-05 09:27:34 AM  
1 votes:
More people are working?

Republican response:

pab58.files.wordpress.com
2012-10-05 09:27:12 AM  
1 votes:

Debeo Summa Credo: This is HUGE for Obama. Well, it won't really boost him but a bad jobs report coming right after the debate would have been terrible for him.


actually, the fact that the unemployment rate is lower than when he took office, and that there are more people working today than when he took office is pretty huge.
2012-10-05 09:26:57 AM  
1 votes:

Dwindle: 44 continuous months of over 8% unemployment, then all of a sudden the sun comes out a month before the election.
What a fraud.


Linear time is complicated.
2012-10-05 09:25:36 AM  
1 votes:

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.


Wait a minute, aren't these figs always "seasonally adjusted"? Wouldn't that account for any holiday hiring?

And BTW, you can't use the numbers as presented when they work for you and complain about them when they don't. You were happywith them when you thought they made 0bummajahd look bad.
2012-10-05 09:23:24 AM  
1 votes:

Summoner101: Businesses started hiring once they saw how well Romney did in the debate.

/figured I'd beat the derp to the punch


I hate opening a thread, taking a phone call, typing a post, then find out that someone already said the same thing.
2012-10-05 09:23:21 AM  
1 votes:

FlashHarry: that may be true, but for the first time in a while, the rate dropped because workforce participation increased. that's HUGE news because it flies in the face of the "b...b...b..but discouraged workers" talking point.


And the 500k+ jump in part time due to economic... well, we'd rather them be full time, but at least they've got some cashflow now... which will lead to increased demand... which will lead to more jobs. Overall, this was a pretty positive report.
2012-10-05 09:22:48 AM  
1 votes:

TIKIMAN87: BULLS*IT


Its sad the butthurt that will come from the right due to more Americans finding work.
2012-10-05 09:21:58 AM  
1 votes:
The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate declined because more people found work, a trend that could have an impact on undecided voters in the final month before the presidential election.

Suck it Cons.
2012-10-05 09:20:54 AM  
1 votes:

david_gaithersburg: Wow, upon actually looking at the report these numbers really suck. They had to add restatements from prior months to the current month in order for it not to look like a complete disaster. The reality is that the current month was short the 200k jobs needed to keep up with the rate of new people entering the work force. But hey, keep chugging that kool aide my leftist friends.


We can't - you already drank it all while typing that.
2012-10-05 09:20:50 AM  
1 votes:
Big Whoop! After Romney's butt-kicking of Obama in the debates, the freedom loving small businesses are hiring again because they know socialism is over.
2012-10-05 09:20:36 AM  
1 votes:

Pumpernickel bread: Not enough jobs are being produced to put a dent in the unemployment numbers, so this is actually an indicator of something worse - in the past month, thousands of Americans have given up hope of finding a job and just stopped trying.


You know that was last release talking point. Reading the farking article. More people found jobs. Period. Not full time, but as this cycle improves the part time jobs lead to full time. Go be a low rent shill somewhere else.
2012-10-05 09:18:56 AM  
1 votes:

The Muthaship: greighwolf: Ah the same exact time when companies hire temp holiday staff, just wait till the turn of the year to hear the news scream "Unemployment skyrocketed!!!"

No, no. It's not the hiring of seasonal help, it's a great turn around! FOUR MORE YEARS!


Make no mistake, Obama has sent millions to slave away in his candy corn mine
2012-10-05 09:18:44 AM  
1 votes:

greighwolf: Ah the same exact time when companies hire temp holiday staff, just wait till the turn of the year to hear the news scream "Unemployment skyrocketed!!!"


Companies hire temp holiday staff in SEPTEMBER??? Wow. No wonder Xmas trees are already in clearance.
2012-10-05 09:18:36 AM  
1 votes:

The Muthaship: greighwolf: Ah the same exact time when companies hire temp holiday staff, just wait till the turn of the year to hear the news scream "Unemployment skyrocketed!!!"

No, no. It's not the hiring of seasonal help, it's a great turn around! FOUR MORE YEARS!


Well then, lets compare this number to the same numbers this time last year
2012-10-05 09:18:19 AM  
1 votes:

Aarontology: As an America loving conservative, the fact that more people are working than before angers and infuriates me.


Republicans seem to be the new "Blame America First" crowd, and it cracks my shiat up.
2012-10-05 09:17:12 AM  
1 votes:
Wow, upon actually looking at the report these numbers really suck. They had to add restatements from prior months to the current month in order for it not to look like a complete disaster. The reality is that the current month was short the 200k jobs needed to keep up with the rate of new people entering the work force. But hey, keep chugging that kool aide my leftist friends.
2012-10-05 09:16:33 AM  
1 votes:

Spade: Pumpernickel bread: Not enough jobs are being produced to put a dent in the unemployment numbers, so this is actually an indicator of something worse - in the past month, thousands of Americans have given up hope of finding a job and just stopped trying.

Yeah.

+114,000 jobs added doesn't keep up with population growth.


Yeah, that's likely the case. OTOH, though, there are 114K people out there getting paid to do something today, instead of collecting unemployment checks, so I'm happy.
2012-10-05 09:16:00 AM  
1 votes:
cdn2.mamapop.com
2012-10-05 09:14:46 AM  
1 votes:
Looks like the white house is doing some serious book cooking since the disaster of the debate.
2012-10-05 09:13:29 AM  
1 votes:

barneyfifesbullet: EVERYBODY KNEW the number would be below 8% by the election.

Anyone that believes this report is an idiot.


Why do you hate America?
2012-10-05 09:11:42 AM  
1 votes:
Kick everyone off of Unemployment and then we can claim unemployment is ZERO!!!
2012-10-05 09:11:34 AM  
1 votes:
This is just Job Creators™ reacting to the inevitable Romney presidency.
2012-10-05 09:10:04 AM  
1 votes:
that's no counting the under employed, the people who stopped looking, college students, part time workers, people who hate their bosses, children, elderly or the dead. the real unemployment rate is 453%

Damn you Obama!
2012-10-05 09:09:55 AM  
1 votes:
I am sure conservatives are going to find a way to tie this to abortion....and sponsor a bill that both raised the unemployment rate and provides for new items to be inserted in to womens' whoo-hoos.

Win/Win!
2012-10-05 09:09:30 AM  
1 votes:
This is good news for sure. I work at a fulfillment center for an online retailer and we've actually just added quite a few new jobs, most of them temp-to-hire, so it's not just a seasonal bump. We're also opening a new warehouse with hundreds of new jobs there as well.

Unfortunately, Obama did botch the debate so our shrills are back in full force.
2012-10-05 09:09:22 AM  
1 votes:
0bama's reaction to this anti-colonial pro-Socialist news

www.animateit.net
2012-10-05 09:08:30 AM  
1 votes:
That many joined the "not trying to find a job anymore' rolls?
2012-10-05 09:08:06 AM  
1 votes:
So unemployment is now lower than when he took office. There go a swarm of GOP talking points.
2012-10-05 09:05:22 AM  
1 votes:
/In before "Obama bragging about 0.2% while millions unemployed"

This'll do nicely.
 
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