Buzzkill: Bad Jobs Report

[Thepaindispenser]

Obama's speech sucked anyway, it was just a call for bigger government, more spending, another chance after failing in his first years, and not one new idea.

Any bounce that he could have gotten from it was squelched by another disaster jobs report. Just an increase in 96,000 nonfarm payroll jobs which was below expectations and doesn't even keep up with the population growth. The unemployment rate dropped to 8.1% due to more discouraged people giving up on looking for a job. Is that Obama's strategy to reduce unemployment? If it is, he is doing a great job!

[geeker2]

He has his devoted followers in tears last night - after that jobs report more of us can now cry.

[Danzig]

the monthly reports aren't what we need to see. and then they typically get revised downward later. job growth isn't even keeping up with population growth-we need a lot more to keep up with both that and replacing jobs lost.

and yeah, full details not out yet-but one must assume with the anemic jobs added that unemployment dropped because job seekers dropped out of the search.

[Danzig]

http://economywatch.nbcnews.com/_new...in-august?lite


read it and weep.





The Labor Department reported Friday that the economy created a tepid 96,000 jobs in August, well below the 125,000 expected by economists and a far stretch from the plus-250,0000 needed to show robust growth. The unemployment rate slid to 8.1 percent from 8.3 percent as more Americans gave up looking for work.


of course obama fans will yell 'look at the lower unemployment rate!!! it's fantastic!' without looking at why it's lower. just push that aside with all the other negative bs. after all, rose-colored glasses evidently come with blinkers so that you can't see all the ugly detritus laying in the periphery.

[Danzig]

Originally Posted by Danzig

the monthly reports aren't what we need to see. and then they typically get revised downward later. job growth isn't even keeping up with population growth-we need a lot more to keep up with both that and replacing jobs lost.

and yeah, full details not out yet-but one must assume with the anemic jobs added that unemployment dropped because job seekers dropped out of the search.

like i said:


"Republicans and Democrats will seize on Friday's numbers—the economy has added jobs every month since September 2010, though the pace has been uneven and the recovery remains tepid. Job growth has averaged 139,000 a month so far this year, compared with 153,000 in 2011."

The government also revised June and July's jobs numbers downward to show that the economy added 41,000 fewer jobs in those months than first thought.

http://www.slate.com/blogs/the_slate..._percent_.html

[wiphan]

Here comes QE3.....

[jms62]

Think about it. Democrat or Republican it doesn't matter. Business nowadays is about finding labor; all kinds of labor offshore for cheaper and cheaper rates. No amount of tax reductions, relaxation of regulations is going to change how corporations operate. And those of you that feel safe in your jobs or even have your own business well you are kidding yourself. As less and less money is available for the majority the less they can spend on any goods and services produced. Remember one companies wages are another companies revenue. You will be affected negatively it is only a matter of time. The only way to change it would be to regulate how much work can be shipped overseas and make it expensive when you do so. That can't happen because those VERY few that obscenly profit from it buy those that make the rules. They have basically checkmated capitlism as we used to know it and we are in a death spiral and those that think their party will fix it are simply whistling past the grave yard.