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(Salon)   The US added 165,000 jobs in April, far outpacing expectations, and the unemployment rate fell to 7.5 percent. Oh, and the February and March numbers were revised up, too. Thanks, Obama   (salon.com) divider line 157
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1640 clicks; posted to Business » on 03 May 2013 at 2:14 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-03 03:26:20 PM

wildcardjack: Once again, seasonal tax preparers get filed as stable office workers instead of as field labor


So unemployment numbers for April should have jumped because the temporary tax preparers were all let go on April 16th, right?
 
2013-05-03 03:27:04 PM
And most of those jobs are part-time work in the service sector with limited hours and no benefits. Hooray temporary progress that leads to greater problems!

/Just got news of a full time job with benefits
//After 22 months in the retail work
 
2013-05-03 03:27:59 PM

Mad_Radhu: FlashHarry: the dow just hit 15,000. it's a good time to be wealthy, that's for sure.

Or to have a 401k.


my 401 (k) is doing quite well at the moment, but i'd still rather be a hedge fund manager...
 
2013-05-03 03:28:56 PM

max_pooper: Stone Meadow: So basically we're looking at 165,000 minimum wage, no-benefit 28-hours-a-week "jobs" at Mickey Dee's, Wal-Mart and supermarkets.

Yeah, that'll totally grow us back to prosperity.

If you look at the breakdown of the unemployed in this country, a large chunk of the folks without jobs have limited education. Employment among the college educated is much better than the national average. People with only a high school diploma are not going to land a $100k job in finance or engineering. The fact that retail and service industries are expanding employment means that a) the nation is spending enough money to require more labor and b) the spending power of the lower rungs of the economic ladder is increasing.


Yeah, but this is Fark, where one can't simply walk in and start talking sense, ya know?
 
2013-05-03 03:33:30 PM

Serious Black: Mrtraveler01: GWSuperfan: Whistling Kitty Chaser: FlashHarry: well, i guess the bush recovery was timed to hit just as he opened his preznidential liberry!

His excellent economic policies were just the thing to pull us out of the Obama recession.

According to the email I got from Tea Party Nation this morning, it's not a recession, it's not an economic downturn, it's a full-fledged OBAMA DEPRESSION.

It's a pretty sucky depression if unemployment is going down.

Obama can't even do THAT right!

That raises an interesting question for people who think Obama is a terrible president: is there anything he can do well? Like, can he do a good job of being a craptastic president?


He killed Osama, kept Gitmo open, runs a wicked drone program .... end
 
2013-05-03 03:34:22 PM
Really, thank you very much, Mr. President, for setting the tone and staying on course, despite the many minefields laid in our country's path.

/Yeah, I'm talkin' about worthless Republicans.
//I miss the days when being a Republican was an honorable thing.
 
2013-05-03 03:38:24 PM

AirForceVet: Really, thank you very much, Mr. President, for setting the tone and staying on course, despite the many minefields laid in our country's path.

/Yeah, I'm talkin' about worthless Republicans.
//I miss the days when being a Republican was an honorable thing.


You were alive for Teddy Roosevelt?
 
2013-05-03 03:39:27 PM

Mrtraveler01: So you really don't believe that demand is what triggers economic growth?


Do you really believe there isn't a demand for products right now?  Or is it possible that there aren't products at the prices people aren't willing to purchase?  Or the business enviroment is not condusive to businesses outlaying a lot of money to expand?

There has been trillions of dollars spent over the past several years to stop the economy from fixing itself.  This stagnation is the result.
 
2013-05-03 03:41:25 PM

syberpud: NostroZ: [www.blogcdn.com image 620x450]
Would you like fries with those job figures?

Yup:
FTActual Report:
"Within leisure and hospitality, employment in food services anddrinking places rose by 38,000 over the month. Job growth in the foodservices industry averaged 25,000 per month over the prior 12 months.Retail trade employment increased by 29,000 in April. The industryadded an average of 21,000 jobs per month over the prior 12 months. InApril, job growth occurred in general merchandise stores (+15,000) andin health and personal care stores (+5,000)."So more fast food and retail hiring.  Also, this little nugget:
"The average workweek for all employees on private nonfarm payrollsdecreased by 0.2 hour in April to 34.4 hours."
Which meshes with the larger share of hourly wage jobs. Overall - pretty good, but not exactly a roaring recovery yet.


Oh, so not REAL jobs. Got it. Would you like to provide us with unemployment figures for real jobs? What's the rate like for those who are capable of real work? You gotta take out all the stupids, the lazies, the olds, & the youngs. Only count the real people. Go.
 
2013-05-03 03:43:08 PM

MugzyBrown: Or is it possible that there aren't products at the prices people aren't willing to purchase?


That's what demand is, you moron
 
2013-05-03 03:46:29 PM

Mrtraveler01: MugzyBrown: Maybe things are slightly better because the GOP has stopped Obama from trying to fix the economy again.

Funny'd.


Total Farked
 
2013-05-03 03:47:54 PM

CPennypacker: AirForceVet: Really, thank you very much, Mr. President, for setting the tone and staying on course, despite the many minefields laid in our country's path.

/Yeah, I'm talkin' about worthless Republicans.
//I miss the days when being a Republican was an honorable thing.

You were alive for Teddy Roosevelt?


Eisenhower.

I would have voted for Eisenhower in a heartbeat.
 
2013-05-03 03:52:21 PM

FlashHarry: Mad_Radhu: FlashHarry: the dow just hit 15,000. it's a good time to be wealthy, that's for sure.

Or to have a 401k.

my 401 (k) is doing quite well at the moment, but i'd still rather be a hedge fund manager...


yeah, but here is the good news.  I don't think there is anything preventing you from being a hedge fund manager.
step 1.  Get people to invest a lot of money in your hedge fund plan
step 2.  Invest the fund.
step 3.  Profit
 
2013-05-03 03:52:54 PM

CPennypacker: AirForceVet: Really, thank you very much, Mr. President, for setting the tone and staying on course, despite the many minefields laid in our country's path.

/Yeah, I'm talkin' about worthless Republicans.
//I miss the days when being a Republican was an honorable thing.

You were alive for Teddy Roosevelt?


Ike was honorable, for the most part.  Just not all that effective.
 
2013-05-03 03:55:17 PM

the_innkeeper: CPennypacker: AirForceVet: Really, thank you very much, Mr. President, for setting the tone and staying on course, despite the many minefields laid in our country's path.

/Yeah, I'm talkin' about worthless Republicans.
//I miss the days when being a Republican was an honorable thing.

You were alive for Teddy Roosevelt?

Eisenhower.

I would have voted for Eisenhower in a heartbeat.


Exactly what I was going to say.
 
2013-05-03 03:56:31 PM

hungryhungryhorus: HatMadeOfAss: 165,000 jobs to which country?  It sure as hell isn't this one.

It's unsurprising you haven't personally seen evidence of this as  breathing through your mouth still isn't a marketable skill-set.

/tough break, that


I'm gainfully employed, so it's not surprising that I don't follow the job market as fervently as someone who is out of work.  My apologies for offending your delicate sensibilities.  Good luck with the job hunt.
 
2013-05-03 03:56:48 PM

AirForceVet: Really, thank you very much, Mr. President, for setting the tone and staying on course, despite the many minefields laid in our country's path.


You think he set the course that we are on?

You mean the stop the spending course?
You mean the not approve the debt limit increase without cuts course?
You mean the don't raise taxes on the people making less than 400k course?
He did set up the sequester, which has worked out well - although in that case, he said it would be catastrophic for jobs.
 
2013-05-03 03:57:47 PM

jim32rr: Mrtraveler01: MugzyBrown: Maybe things are slightly better because the GOP has stopped Obama from trying to fix the economy again.

Funny'd.

Total Farked


I hope you didn't TF me by mistake, because my comment definitely wasn't as funny as Mugzy's.

/but thanks anyway...I owe you a cold one
 
2013-05-03 04:01:23 PM

Mad_Radhu: tenpoundsofcheese: FlashHarry: the dow just hit 15,000. it's a good time to be wealthy...

or to have a 401k, or an IRA, or a pension, or any stock

Crap. We actually agree with each other here. Stop that!


sorry, my bad.
 
2013-05-03 04:06:07 PM

Lost Thought 00: MugzyBrown: Or is it possible that there aren't products at the prices people aren't willing to purchase?

That's what demand is, you moron


Couldn't have said it better myself.

And wow...he really doesn't get what demand is when it comes to economics?

That's just sad.
 
2013-05-03 04:07:22 PM

bdub77: Obama: "See? My policies work."

House: "See? Obstructing Obama at every turn has led to improved jobs growth."

Senate: "We don't have the 60 votes to decide if we like this news or not."

American people: "Congress has done nothing. You guys are a bunch of f*cking wankers. But we like our guy."

House: "I rest my case."


ME: "THE POPE IS A TROMBONE!"
 
2013-05-03 04:07:44 PM

MugzyBrown: Or the business enviroment is not condusive to businesses outlaying a lot of money to expand?


Because the demand isn't sufficient enough to warrant expansion?

Companies aren't going to expand businesses just for the sake of expanding their business unless the amount of demand justifies it.
 
2013-05-03 04:08:25 PM

Stone Meadow: jim32rr: Mrtraveler01: MugzyBrown: Maybe things are slightly better because the GOP has stopped Obama from trying to fix the economy again.

Funny'd.

Total Farked

I hope you didn't TF me by mistake, because my comment definitely wasn't as funny as Mugzy's.

/but thanks anyway...I owe you a cold one


I have not made a mistake since the incident with the Mexican midget twin sisters, I'll take that beer
 
2013-05-03 04:09:08 PM

HatMadeOfAss: hungryhungryhorus: HatMadeOfAss: 165,000 jobs to which country?  It sure as hell isn't this one.

It's unsurprising you haven't personally seen evidence of this as  breathing through your mouth still isn't a marketable skill-set.

/tough break, that

I'm gainfully employed, so it's not surprising that I don't follow the job market as fervently as someone who is out of work.  My apologies for offending your delicate sensibilities.  Good luck with the job hunt.


Can a professional dominatrix be said to be "painfully employed"?
 
2013-05-03 04:13:19 PM
Yay! We are about to learn a very important lesson. Employers hire based upon two factors: how uncertain they feel their future is (and this goes for household spending as well), and demand. Tax rates, Obamacare, and all the rest, don't mean jack shiat when there is more money coming into your pockets. If your business is just under the Obamacare threshold, but your business is booming, are you really going to not grow and increase profit just because of a slight extra cost? Yes, businesses on the edge might not make that jump, but they likely aren't financially stable enough yet to take a hard shock either.
 
2013-05-03 04:16:52 PM

jso2897: HatMadeOfAss: hungryhungryhorus: HatMadeOfAss: 165,000 jobs to which country?  It sure as hell isn't this one.

It's unsurprising you haven't personally seen evidence of this as  breathing through your mouth still isn't a marketable skill-set.

/tough break, that

I'm gainfully employed, so it's not surprising that I don't follow the job market as fervently as someone who is out of work.  My apologies for offending your delicate sensibilities.  Good luck with the job hunt.

Can a professional dominatrix be said to be "painfully employed"?


Your line of thinking.  I enjoy it.
 
2013-05-03 04:18:34 PM

MugzyBrown: Mrtraveler01: So you really don't believe that demand is what triggers economic growth?

Do you really believe there isn't a demand for products right now?  Or is it possible that there aren't products at the prices people aren't willing to purchase?  Or the business enviroment is not condusive to businesses outlaying a lot of money to expand?

There has been trillions of dollars spent over the past several years to stop the economy from fixing itself.  This stagnation is the result.


You... you realize that, when discussing economics, demand isn't "MAN I WANT TO BUY SOMETHING", right?

That demand is, in fact, people wanting to, and being able to *afford*, to by Product X and Price Y? (If Price Y is to high, whether because people don't have much free money at the moment, or there being other things in the market that are simillar/cheaper, product X will, in theory, have lower 'demand'. Even if people *want* it.)

For instance: While I would love to be able to get a new car (so that I can get my old scion back from my fiance, and stop nursing an about-to-throw-a-rod 2001 saturn), I cannot, in any way, shape or form, afford one. Or even a used one. So I do not contribute to the 'demand' for cars, because they are out of my price range.

Likewise, if there isn't a group of people who want *AND ARE ABLE* to purchase more of a product, most businesses that SELL that product aren't going to expand. Because there's a lack of demand. Do you think they're just going to hire more folks for shiats and giggles, even if it's not going to make them more money?
 
2013-05-03 04:18:38 PM

the_innkeeper: CPennypacker: AirForceVet: Really, thank you very much, Mr. President, for setting the tone and staying on course, despite the many minefields laid in our country's path.

/Yeah, I'm talkin' about worthless Republicans.
//I miss the days when being a Republican was an honorable thing.

You were alive for Teddy Roosevelt?

Eisenhower.

I would have voted for Eisenhower in a heartbeat.


Ike looks good in comparison to the current crowd, but yeah, the last Republican president I really like is TR.  The last republicans I actually respect are the ones who joined with Johnson to defeat the deep south Democrats and passed the civil rights act.  How the parties have changed.
 
2013-05-03 04:23:54 PM

Peki: Yay! We are about to learn a very important lesson. Employers hire based upon two factors: how uncertain they feel their future is (and this goes for household spending as well), and demand. Tax rates, Obamacare, and all the rest, don't mean jack shiat when there is more money coming into your pockets. If your business is just under the Obamacare threshold, but your business is booming, are you really going to not grow and increase profit just because of a slight extra cost? Yes, businesses on the edge might not make that jump, but they likely aren't financially stable enough yet to take a hard shock either.


The future is always uncertain. Always. Even if you say that the future is certain, it isn't. Hell, people were told that the synthetic CDOs Goldman Sachs, AIG, and the like were selling were AAA-rated assets and that they would never default, and they turned out to be worse than junk bonds.
 
2013-05-03 04:25:13 PM

HatMadeOfAss: hungryhungryhorus: HatMadeOfAss: 165,000 jobs to which country?  It sure as hell isn't this one.

It's unsurprising you haven't personally seen evidence of this as  breathing through your mouth still isn't a marketable skill-set.

/tough break, that

I'm gainfully employed, so it's not surprising that I don't follow the job market as fervently as someone who is out of work.  My apologies for offending your delicate sensibilities.  Good luck with the job hunt.


The jobs number has been positive for the last 37 months and you currently have a good job so then why the need to biatch?

Do you want to go back to the Bush era and have the economy lose 800K jobs a month?
 
2013-05-03 04:34:56 PM
I'm just wondering what it's gonna take to convince people that the economy is improving. I just got a CNN breaking news alert: Dow and the S&P 500 have both closed with record highs. Can we admit things are going well?
 
2013-05-03 04:35:48 PM

Di Atribe: I'm just wondering what it's gonna take to convince people that the economy is improving. I just got a CNN breaking news alert: Dow and the S&P 500 have both closed with record highs. Can we admit things are going well?


Not as long as Obama is President.
 
2013-05-03 04:41:46 PM

Di Atribe: I'm just wondering what it's gonna take to convince people that the economy is improving. I just got a CNN breaking news alert: Dow and the S&P 500 have both closed with record highs. Can we admit things are going well?


But don't you understand, that would make Obama look GOOD.  We can't have that.
 
2013-05-03 04:42:08 PM

Mrtraveler01: Di Atribe: I'm just wondering what it's gonna take to convince people that the economy is improving. I just got a CNN breaking news alert: Dow and the S&P 500 have both closed with record highs. Can we admit things are going well?

Not as long as Obama is President.


notpoliticsasusual.org

The GOP goal will be to ensure Obama is a one two term President!
 
2013-05-03 04:44:23 PM

Stone Meadow: The GOP goal will be to ensure Obama is a one two term President!


The irony, of course, is that the GOP accomplished that goal.
 
2013-05-03 04:47:29 PM

Serious Black: Peki: Yay! We are about to learn a very important lesson. Employers hire based upon two factors: how uncertain they feel their future is (and this goes for household spending as well), and demand. Tax rates, Obamacare, and all the rest, don't mean jack shiat when there is more money coming into your pockets. If your business is just under the Obamacare threshold, but your business is booming, are you really going to not grow and increase profit just because of a slight extra cost? Yes, businesses on the edge might not make that jump, but they likely aren't financially stable enough yet to take a hard shock either.

/sorry for formatting. Ipad sucks.

The future is always uncertain. Always. Even if you say that the future is certain, it isn't. Hell, people were told that the synthetic CDOs Goldman Sachs, AIG, and the like were selling were AAA-rated assets and that they would never default, and they turned out to be worse than junk bonds.




You're absolutely right. Is relative uncertainty a better term? Example: during the mess with the US credit rating BS, lots of uncertainty. Business owner reads the hype, they feel uncertain, don't hire. Now, good news is coming out, business owner feels better, feels more confident about hiring someone, which helps kickstart the demand side of things--and please for gossakes don't mistake this for a supply-side economics line! Economies are demand driven, but in the absence of the government kickstarting demand through gov't services, be it welfare or employment, then the business owner has to, and we have to acknowledge that reality and the motives behind it.
 
2013-05-03 04:53:09 PM

NostroZ: [www.blogcdn.com image 620x450]
Would you like fries with those job figures?


Best. Quote. Ever. LOL
 
2013-05-03 05:00:42 PM

Felgraf: MugzyBrown: Mrtraveler01: So you really don't believe that demand is what triggers economic growth?

Do you really believe there isn't a demand for products right now?  Or is it possible that there aren't products at the prices people aren't willing to purchase?  Or the business enviroment is not condusive to businesses outlaying a lot of money to expand?

There has been trillions of dollars spent over the past several years to stop the economy from fixing itself.  This stagnation is the result.

You... you realize that, when discussing economics, demand isn't "MAN I WANT TO BUY SOMETHING", right?

That demand is, in fact, people wanting to, and being able to *afford*, to by Product X and Price Y? (If Price Y is to high, whether because people don't have much free money at the moment, or there being other things in the market that are simillar/cheaper, product X will, in theory, have lower 'demand'. Even if people *want* it.)

For instance: While I would love to be able to get a new car (so that I can get my old scion back from my fiance, and stop nursing an about-to-throw-a-rod 2001 saturn), I cannot, in any way, shape or form, afford one. Or even a used one. So I do not contribute to the 'demand' for cars, because they are out of my price range.

Likewise, if there isn't a group of people who want *AND ARE ABLE* to purchase more of a product, most businesses that SELL that product aren't going to expand. Because there's a lack of demand. Do you think they're just going to hire more folks for shiats and giggles, even if it's not going to make them more money?


Could you explain this using a metaphor involving coconuts, haircuts and/or shoes?
 
2013-05-03 05:01:59 PM

Peki: Serious Black: Peki: Yay! We are about to learn a very important lesson. Employers hire based upon two factors: how uncertain they feel their future is (and this goes for household spending as well), and demand. Tax rates, Obamacare, and all the rest, don't mean jack shiat when there is more money coming into your pockets. If your business is just under the Obamacare threshold, but your business is booming, are you really going to not grow and increase profit just because of a slight extra cost? Yes, businesses on the edge might not make that jump, but they likely aren't financially stable enough yet to take a hard shock either.

/sorry for formatting. Ipad sucks.

The future is always uncertain. Always. Even if you say that the future is certain, it isn't. Hell, people were told that the synthetic CDOs Goldman Sachs, AIG, and the like were selling were AAA-rated assets and that they would never default, and they turned out to be worse than junk bonds.

You're absolutely right. Is relative uncertainty a better term? Example: during the mess with the US credit rating BS, lots of uncertainty. Business owner reads the hype, they feel uncertain, don't hire. Now, good news is coming out, business owner feels better, feels more confident about hiring someone, which helps kickstart the demand side of things--and please for gossakes don't mistake this for a supply-side economics line! Economies are demand driven, but in the absence of the government kickstarting demand through gov't services, be it welfare or employment, then the business owner has to, and we have to acknowledge that reality and the motives behind it.


Sure, I'd agree that exogenous factors in the world can affect a business owner's perception of whether it is a good time to expand or not. That's almost certainly why Republicans have been banging the "Obama is destroying the economy" drum for four straight years. If enough people say it, maybe business owners will believe that over their accounting books and fire more employees. Maybe consumers will believe that over their checking accounts and stop purchasing stuff. I'd say the evidence over the last three years shows the drumbeat doesn't work, or if it does, it's only marginally slowing down the recovery instead of throwing it in reverse.
 
2013-05-03 05:07:35 PM
He didn't build that.
 
2013-05-03 05:09:01 PM

hugram: HatMadeOfAss: hungryhungryhorus: HatMadeOfAss: 165,000 jobs to which country?  It sure as hell isn't this one.

It's unsurprising you haven't personally seen evidence of this as  breathing through your mouth still isn't a marketable skill-set.

/tough break, that

I'm gainfully employed, so it's not surprising that I don't follow the job market as fervently as someone who is out of work.  My apologies for offending your delicate sensibilities.  Good luck with the job hunt.

The jobs number has been positive for the last 37 months and you currently have a good job so then why the need to biatch?

Do you want to go back to the Bush era and have the economy lose 800K jobs a month?


Though the numbers produced by the DOL and the USBLS have been "positive," has there really been any change to the job market?  They've created hundreds of thousands of jobs, but they're not getting filled.  Either because of low pay or because the requirements to fill them can't be met by the current crop of job seekers.  This would lead me to biatching because the number of people getting assistance/subsidies will be higher due to it not being economically wise to take a job making less than you would from unemployment insurance and government assistance.  This puts extra burden on state and federal resources (something we've been impacted with here in California), who then trickle that down to those of us who are employed.

Here's some sources for the low-paying theory:

NY Times
Reuters
 
2013-05-03 05:09:53 PM

Snarcoleptic_Hoosier: And most of those jobs are part-time work in the service sector with limited hours and no benefits. Hooray temporary progress that leads to greater problems!

/Just got news of a full time job with benefits
//After 22 months in the retail work


MAZAL TOV!

// you sponsored me on a part-time salary?
// ...I love you
 
2013-05-03 05:37:14 PM

Serious Black: If Romney were president, we'd have added at least a million full-time jobs in each of the past four months, and they all would have paid over $200,000. Thanks a lot, Fartbongo.


Yeah.

But all those jobs would be in China.
 
2013-05-03 05:42:14 PM
The sequester is working!
 
2013-05-03 05:44:12 PM
Look again at the charts.  The U2 haven't been worth checking out since the late 80s and the far inferior UB40 numbers haven't charted since number 1 in 1993.

George H. W. Bush was the last leader to preside over good U numbers.
 
2013-05-03 05:45:27 PM
farm9.staticflickr.com
 
2013-05-03 05:49:42 PM

JusticeandIndependence: Aarontology: Old Man Winter: Just a few more months like that and he will have made up for the all the jobs he killed.

I heard he drowned them in a bathtub

With his bare hands.  All of them.

The bathtub job killer!


He didn't use his hands

loldamn.com
 
2013-05-03 05:55:11 PM
If Republicans can spin Obama having Bin Laden killed, they can spin anything.
 
2013-05-03 06:02:07 PM

cabbyman: The sequester is working!


Thanks Obama!
 
2013-05-03 06:15:19 PM

Dr Dreidel: Snarcoleptic_Hoosier: And most of those jobs are part-time work in the service sector with limited hours and no benefits. Hooray temporary progress that leads to greater problems!

/Just got news of a full time job with benefits
//After 22 months in the retail work

MAZAL TOV!

// you sponsored me on a part-time salary?
// ...I love you


I never said I made good decisions with money.
 
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