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“Close tax loopholes that allow some of the truly wealthy to avoid paying their fair share,” Reagan vowed.
*** The monthly jobs numbers: 146,000 jobs created in November; unemployment rate drops to 7.7%: You know the presidential election is over when today’s monthly jobs report is far from your top political story of the day. Indeed, the Wall Street Journal calls today’s report the “Least important jobs report in 5 years.” One reason why is that the election is over. Another reason is the potential impact that Hurricane Sandy made. But given Sandy, the numbers are surprisingly strong. The AP: “The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.” Two economists indicated to one of us that Sandy was worth a loss of 80,000-100,000 jobs. So imagine what this report would be without Sandy?
Cheering the loss of another 500K from the workforce -- who is the one rooting against America?
That is better than anticipated.
500K giving up on finding jobs -- GREAT NEWS!!!!!
I guess the UE number is all that matters to you. Sad.
Did you notice that not one single con/rightists that stated Sandy had nothing to do with the spikes in the weekly initial UE filing reports during early to mid November ever came back and stated that they were not reading the situation correctly when they made their initial statements?
It is the same thing that happened when the September UE monthly report was released. Cons/rightists on this board emphatically stated that the BLS had changed their methodology for calculating the monthly UE rate. When it came to light that what was being stated as fact by the cons/rightists on this board was wrong, I don't believe a single one of them acknowledged that they had been dead wrong on the issue.
What would you like to argue about?
I've stated that the 146,000 was better than anticipated. Do you agree or disagree with my statement?
Conservatives do not believe that people should be allowed to retire?
When anticipated is "pathetic" and you get mediocre I guess that is a cause for liberal celebration.
Still ignoring the net loss of 350,000 is disgusting! Real unemployment GOES UP and the left does a jig because MORE PEOPLE GAVE UP!!! Awesome!
There has been a complete lack of pickup in the prime worker demographic, those aged 25-54, which in November dropped by 400k to 94 MM. This is a level first breached in April 1997, in other words in the past 15 years not a single incremental job has been gained in this most productive and lucrative of age groups!
What the granular data shows is that instead of a 146K gain in November, there was actually a drop of 114K jobs when broken down by worker "vintage." But where it gets simply stupid, is that of the 4 age group buckets (16-19, 20-24, 25-54, and 55-69), the biggest gainer continued to be America geriatric work force, which added 177K jobs. As for that key segment of the workforce, the 25-54? Jobs here declined by a whopping 359K in November. And this is good news?
September and October saw 49K downward revisions combined. November will suffer the same fate.
Job participation sets another record low with a total number of people OUT OF THE WORKFORCE hitting 99 MILLION!
zerohedge is your friend for the truth
This post has been edited 2 times, most recently by Low5Point 16 months ago
As the data above shows...IT WAS NOT RETIREES that created the number...JUST THE OPPOSITE. The oldest demographic was the ONLY age demo to show an increase with 177K new jobs gained. The middle and most important demo (25-54) is at disastrous levels.
so the left cannot spin it to be about retiring individuals...the FACTS show just the opposite. Over 500K in one month ( a month before Christmas) is record breaking bad.
Another conservative that believes that children should work and the elderly should not be allowed to retire. No wonder Republicans lost despite the high unemployment.
WTF are you talking about...THE WORST SECTOR IS 25-54 you idiot. Fucking read once in a while. The old folks are the only ones getting a job and the 20-24 is at the lowest levels EVER because they are not even trying!!!
Just curious as to whether you think more people are retiring on an annual basis than are entering the workforce on an annual basis?
I read your post. You claimed that there are 99 million Americans are out of the workforce. Please explain how you get to that number without including retired people and children. That claim, no matter how obnoxisous you get, is ridiculous. Only a conservative could believe it.
Or by children I can only assume he means 23 year olds...since you are still a little baby sucking on a bottle and need mommy's insurance at 26
Read something other than MSNBC.com an MediaMatters and you might learn something
Looks like Sandy was not an issue at all in the November jobs report which beat in both the number of jobs added, at 146,000 on expectations of 85,000, while the unemployment rate declined to 7.7% from 7.9%, where it was expected to post as well. Watch this space next month for prio revisions: September and October saw 49K downward revisions combined. November will suffer the same fate. and manufacturing jobs dropped more than expected... Confused why the unemployment rate dropped? The same, favorite BLS adjustment - a drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.In terms of quality of jobs, the biggest gain was in retail jobs as expected in part of the Thanksgiving rush, which added +53K jobs, Professional and Business services rose by 43K, of which Administrative and Waste Services was +23K, and Hospitality and Leisure +23K: all los paying jobs. Construction jobs lost: 20K.
The good news out today is that the unemployment rate dropped from 7.9% to 7.7% for November and underemployment dropped from 14.6%? to 14.4% for November. Why the decline? First, nonfarm payrolls increased by 146,000 compared to expectations of 85,000. Private payrolls rose 147,000 compared to expectations of 90,000. Second, labor force participation dropped to
What does that have to do with my post to which you are quoting?
What I have never quite understood is that the numbers are "seasonally adjusted." If I am not mistaken, about 2/3 of the jobs created are seasonal jobs created by retailers for the Christmas/Hanukkah/Kwanza season...why are they not adjusted for that?
Did you read your own article? Nowhere does it claim that there are 99,000,000 people out of work.
The funny thing is how similar that article is to the one posted in the OP.
Again, nowhere does it imply that there are 99,000,000 people that want to work that are not. Rather than randomly linking sites, do you have any sites that support your ridiculous proposition that 99,000,000 people, other than retired or children have stopped looking for work (please also do not include housewives that have no desire to work)? 99,000,000 people is almost a third of our population. If you remove retired people, children and housewives from our population, the 99,000,000 is probably more than half of the remaining citizens. Only in conservative math are over half our citizens that want to work unemployed.
This post was edited by Morethanafan 16 months ago
Sorry...quoted the wrong entry by you...question still stands...
I do not know, but I would guess entering.
73% of New Jobs Created in Last 5 Months Are in Government
Seventy-three percent of the new civilian jobs created in the United States over the last five months are in government, according to official data published by the Bureau of Labor Statistics.
In June, a total of 142,415,000 people were employed in the U.S, according to the BLS, including 19,938,000 who were employed by federal, state and local governments.
By November, according to data BLS released today, the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.
In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.
CNSNews.com was launched on June 16, 1998 as a news source for individuals, news organizations and broadcasters who put a higher premium on balance than spin and seek news that’s ignored or under-reported as a result of media bias by omission.
The bigger the government, the smaller the citizen - Dennis Prager
I thought that government cannot create jobs. Are conservatives (in this case Libertarian) admitting that is not true?
Also, over the last few years, private sector jobs grew quickly, but the overall job market was hurt by government layoffs. Conservatives and Libertarians ignored the government's role then. Why is the government's role important all of a sudden as that trend reverses?
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