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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
    More: Spiffy  
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1645 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 06:16:04 PM  

jim32rr: 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


That was you?!
My sister and I didn't think it was a mistake

Don't feel bad. We have fond memories
 
2013-05-03 06:18:38 PM  

mcmnky: 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.


Actually it was Biden who said they would get 500000 jobs a month
 
2013-05-03 06:19:26 PM  
So Obama was wrong about sequestration
 
2013-05-03 06:27:50 PM  
Somebody want to politely tap  Subbyon the shoulder and remind him that the President alone doesn't make jobs? Thanks
 
2013-05-03 06:35:37 PM  

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


You win the I Understand the Least About Macroeconomics Prize!  Congratulations!
 
2013-05-03 06:40:59 PM  

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


FTFY
 
2013-05-03 07:08:18 PM  

Nemo's Brother: So Obama was wrong about sequestration


I guess this means that Obama's sequester was good for the economy afterall.
 
2013-05-03 07:10:52 PM  

my lip balm addiction: Old Man Winter: Just a few more months like that and he will have made up for the all the jobs heBUSH killed.

FTFY


You're forgetting that magical time machine.
 
2013-05-03 07:23:59 PM  

SixPaperJoint: MaudlinMutantMollusk: I could sure use a raise

/the price of cat food has gone up

An' as if all that shait wasn't enough
A rat done bit my sister Nell.


... and whitey's on the moon.
/someone remembers
 
2013-05-03 07:28:34 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."


Which policy lead to the increase?  Be specific.

Economies, especially capitalist ones, are cyclical.  You can argue Obama is helping/hurting growth, you can't argue the economy is due to him.

So, look at his policies, and state which ones are helping.  I'll start.

70 Billion in new regulatory costs last year alone.  That's a negative.

2% increase in SS taxes.  That's a negative.

Highest spending as % of GDP last 5 years since WW2.  That's a negative.

Increased the regulatory costs per new hire.  That's a negative.

Hmm... Looking like it is growing in spite of him, not because of him.
 
2013-05-03 07:29:37 PM  

Minarets: And they would be better too, if not for the sequester.


Umm... effects from the Sequester would not have happened yet.  But tax increases did happen at the beginning of the 1Q.  Maybe you meant those?
 
2013-05-03 07:39:45 PM  

MyRandomName: 2% increase in SS taxes.  That's a negative.


Um, that "increase" was simply the 2011 payroll tax cuts expiring. It was a temporary measure to try to stimulate the economy, and wasn't intended to be permanent.
 
2013-05-03 07:39:53 PM  
/sigh

this bs again
 
2013-05-03 07:40:22 PM  
You know, like the Bush tax cuts should have been.
 
2013-05-03 07:59:15 PM  
max_pooper: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.

You forgot c) the highly educated college graduates that need and will take a job, any job, so that they can eat, keep a roof over their heads, and figure out how to start repaying their student loans if they have any.
Unless they are still living with their parents, rent still has to be paid.
 
2013-05-03 08:10:07 PM  

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


Can somebody loan Old Man Winter a shovel to help him get all the sand out of there?
 
2013-05-03 08:14:19 PM  

MyRandomName: Minarets: And they would be better too, if not for the sequester.

Umm... effects from the Sequester would not have happened yet.  But tax increases did happen at the beginning of the 1Q.  Maybe you meant those?


I thought tax increases were supposed to lead to fewer jobs, not more. Is that not the Republican position? Why do the numbers continue to be revised upward then?
 
2013-05-03 08:29:44 PM  
HatMadeOfAss:
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 human beings.

Or at least american human beings. H1B, anyone?

Two words: "Purple Squirrel".
Employers want that perfect hire that will precisely replace the person who just left for a better paying position, with no training and no downtime whatsoever (and at a lower salary than the person that just jumped), and if they juuuuuust wait long enough the employment fairy will grant their wish.

Two problems: one, that person is not going to take this employer's piss-poor excuse for a salary if they are supposed to be that good. This is why the last person left, moron. Two, if the god-like person this employer is waiting for jumped from their last employer to come to this one, why shouldn't they jump again as soon as a better offer is made, probably right in the middle of a project?

Employers: YOU'RE DOING IT WRONG.
 
2013-05-03 08:35:02 PM  

FlashHarry: well, i guess the bush recovery was timed to hit just as he opened his preznidential liberry!


You have to admit his foresight predicting the Obama recession.
 
2013-05-03 08:54:16 PM  

inglixthemad: FlashHarry: well, i guess the bush recovery was timed to hit just as he opened his preznidential liberry!

You have to admit his foresight predicting the Obama recession.


Well yes...or at least Bush43 was smart enough to skip town ahead of this...

ms-brown.wikispaces.com
 
2013-05-03 09:26:34 PM  

MugzyBrown: It's funny that Obama supporters think that Obama should get credit for the economy "improving" eventhough there hasn't been any plan Obama has wanted passed in over 2 years.

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


So how are all those GOP Jobs bills doing?
 
2013-05-03 09:26:40 PM  

rewind2846: HatMadeOfAss:
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 human beings.

Or at least american human beings. H1B, anyone?

Two words: "Purple Squirrel".
Employers want that perfect hire that will precisely replace the person who just left for a better paying position, with no training and no downtime whatsoever (and at a lower salary than the person that just jumped), and if they juuuuuust wait long enough the employment fairy will grant their wish.

Two problems: one, that person is not going to take this employer's piss-poor excuse for a salary if they are supposed to be that good. This is why the last person left, moron. Two, if the god-like person this employer is waiting for jumped from their last employer to come to this one, why shouldn't they jump again as soon as a better offer is made, probably right in the middle of a project?

Employers: YOU'RE DOING IT WRONG.


Hell, that's my thought already. The old job was retail (which I took to survive), the current job will be a junior accountant position in a tiny little town in southern Indiana (low pay, but low cost of living). I'm willing to do 5-7 years there but the object of my affection (no, not the beer or the dog, the other one) will struggle to find meaningful work in such a small area.
 
2013-05-03 10:10:14 PM  
Borrowing our prosperity is AWESOME!!!
 
2013-05-03 10:31:19 PM  

DrPainMD: Borrowing our prosperity is AWESOME!!!


Your ignorance is awesome.
 
2013-05-03 10:31:43 PM  

bronyaur1: wildcardjack: Once again, seasonal tax preparers get filed as stable office workers instead of as field labor

You win the I Understand the Least About Macroeconomics Prize!  Congratulations!


I was trying for a Morbo.
 
2013-05-03 11:24:03 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


Ah, are the "If you are unemployed or underemployed, it's your fault" assholes coming back already?

My word, the economy must be improving.
 
2013-05-03 11:49:35 PM  

max_pooper: DrPainMD: Borrowing our prosperity is AWESOME!!!

Your ignorance is awesome.


I have the guy flagged as a fan of Austrian School econ.  And he didn't disappoint.
 
2013-05-04 12:00:28 AM  
But Bengazi!
 
2013-05-04 12:43:47 AM  
2.bp.blogspot.com

1.bp.blogspot.com

3.bp.blogspot.com
 
2013-05-04 12:47:50 AM  

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


Obama is the worst socialist EVER.
 
2013-05-04 12:49:51 AM  

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

Obama is the worst socialist EVER.

 Some messiah.  He isn't feeding the masses.
 
2013-05-04 12:54:11 AM  

rumpelstiltskin: You farking gloating liberals have completely missed the point. The economy may be improving, but that means farkall. Sure, we may have told you that was important last year, before the election, but that's only because Americans are stupid. And it worked for Clinton, so we gave it a shot.
This isn't about whether or not you have a job, or if you can feed your family. Like I said, that means farkall. This is about freedom. Caving in to these liberals now is renouncing the sacrifice of all those who were at Valley Forge. It means their suffering was for nothing. It means the heroes of Fort McHenry withstood the shelling of the British fleet for nothing. You farking people have traded their gifts for nothing.
At the end of the Revolutionary War, the landowners stiffed the Minutemen of their pay. Did the Minutemen complain? Well, yes, but only a little. Because they knew they had their freedom, and that's more than a job would ever be worth. Except to you farkers. Traitors.


1/10. Way too obvious, but you're bound to get a few bites.
 
2013-05-04 01:05:22 AM  

FuryOfFirestorm: rumpelstiltskin: You farking gloating liberals have completely missed the point. The economy may be improving, but that means farkall. Sure, we may have told you that was important last year, before the election, but that's only because Americans are stupid. And it worked for Clinton, so we gave it a shot.
This isn't about whether or not you have a job, or if you can feed your family. Like I said, that means farkall. This is about freedom. Caving in to these liberals now is renouncing the sacrifice of all those who were at Valley Forge. It means their suffering was for nothing. It means the heroes of Fort McHenry withstood the shelling of the British fleet for nothing. You farking people have traded their gifts for nothing.
At the end of the Revolutionary War, the landowners stiffed the Minutemen of their pay. Did the Minutemen complain? Well, yes, but only a little. Because they knew they had their freedom, and that's more than a job would ever be worth. Except to you farkers. Traitors.

1/10. Way too obvious, but you're bound to get a few bites.


I think it was supposed to be obvious, but sarcasm is tricky business on the interwebz.
 
2013-05-04 01:08:44 AM  
Wow 7.5% ! And it only took 5 years!

Oh, Salon. Don't ever stop being you.
 
2013-05-04 01:14:03 AM  

Watching_Epoxy_Cure: Wow 7.5% ! And it only took 5 years!

Oh, Salon. Don't ever stop being you.


Capitalism is cyclical.  Which means it's working well, or something.
 
2013-05-04 04:34:03 AM  

Watching_Epoxy_Cure: Wow 7.5% ! And it only took 5 years!

Oh, Salon. Don't ever stop being you.


So... the worst recession since the great depression has the worst recovery since... the great depression? I'm shocked, I tell you, shocked!
 
2013-05-04 06:18:25 AM  
"New jobs created" is the most meaningless and misleading statistic published by the government. I don't understand why anyone pays any attention to it.
 
2013-05-04 07:40:28 AM  

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.


Uncertainty is all but an excuse (that ran out of steam a while ago) to make infinite demands while doing nothing that suggests that the business did something wrong.

Tax rates, PPACA, 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 PPACA 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.

Then make the limits harder to game(more towards percents and dynamic limits that dissuade numerical 49er/29er hold-or-fire patterns) and punish creative accounting (read: the longer it takes for a reasonable person to unravel it, given no prior knowledge or documentation, the more penalties apply).  In other words, make it a pain for those who think they can evade regulation.
 
2013-05-04 07:51:39 AM  

rewind2846: Employers: YOU'RE DOING IT WRONG.


THIS.

Unfortunately they respond as if they were some member of royalty that just had its power questioned.   Lese majeste and all that not-so-wonderful jazz.
 
2013-05-04 09:28:24 AM  

rewind2846: max_pooper: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.

You forgot c) the highly educated college graduates that need and will take a job, any job, so that they can eat, keep a roof over their heads, and figure out how to start repaying their student loans if they have any.
Unless they are still living with their parents, rent still has to be paid.


Except that's not what the numbers show.

http://www.deptofnumbers.com/unemployment/demographics/

Look at the chart for demographics based on education. The college educated line is very low and flat. The less than high school diploma line is trending down the fastest.
 
2013-05-04 10:29:08 AM  

Watching_Epoxy_Cure: Wow 7.5% ! And it only took 5 years!

Oh, Salon. Don't ever stop being you.


Hard to run a race with someone holding onto your ankles and forcing you to drag them along with you.
 
2013-05-04 10:38:41 AM  
lucente.org
 
2013-05-04 10:58:44 AM  
I think Obama did about the best thing a politician can do in a recession - he kept taxes low and government spending steady and waited for things to get better.  That's about all you can do.

So have things gotten better?  In my opinion, sorta.

On the job situation, we haven't yet gotten back to pre-recession numbers.  Meanwhile, our population continues to grow slightly faster than our economy, meaning we will never break even.  Fortunately, people are retiring at a faster rate then the population is growing, causing unemployment to fall.  We are retiring our way to full employment.  For once, an aging population is working in our favor.

On the income front, median income continues to improve year over year.  People point to the declining median household income and say "look we are losing ground!", but that's actually due to the decrease in the average number of employed individuals per household.  People are moving back towards one earner per household, but each individual is earning more.  It's a self-inflicted wash, but with an end in sight, as you can only have so many one earner households.

Housing is about back to normal too, which has a huge impact on the real wealth of most individuals, as the bulk of most people's savings are locked up in their house.

All in all, lots of mixed signals but the trend is clear.  However, we've run out of time on the government spending front.  Either we have to raise taxes - decreasing GDP - or reduce spending - also decreasing GDP.  We'll have to see what impact that has on our very gradual recovery.
 
2013-05-04 11:21:20 AM  
Unemployment was never this high under Bush. People seem to forget this.
 
2013-05-04 11:34:21 AM  

Pick: Unemployment was never this high under Bush. People seem to forget this.


Yeah. Much like people seem to forget what happened on the markets in 2007 and 2008.
 
2013-05-04 12:00:13 PM  

Pick: Unemployment was never this high under Bush. People seem to forget this.


That's either some quality trolling, or willful ignorance...which is it?

Just in case it's the latter check out what was happening to jobs during Bush's last two years in office:

zfacts.com
 
2013-05-04 12:43:21 PM  
Sad 165000 people stopped looking for work.  fark you Obummer!
 
2013-05-04 12:59:56 PM  

Pick: Unemployment was never this high under Bush. People seem to forget this.


People seem to forget a lot of things that are not true.
 
2013-05-04 01:24:48 PM  
Yes, we must give our dear leader credit for his beautiful police state.
 
2013-05-04 02:06:40 PM  

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


Just because you don't want it to be true doesn't mean it isn't.
 
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