Reply With Quote
Democrats oppose defense cuts because they love war and nation building just as much as Republicans and neo-cons. Democrats only oppose nation building and war when a Republican is president.
This is probably the most damning post ever made on Spurstalk.
Democrats oppose defense cuts because they love war and nation building just as much as Republicans and neo-cons. Democrats only oppose nation building and war when a Republican is president.
All Obama's fault, undoubtedly. President determines all on his own whether or not the private sector hires, right?
Market is null, President is everything, n'est-ce pas?
Didn't say that, did I? ing anklebiter.
Don't get too excited, much of that data is storm related and will likely return next month.
Labor department says 7.7
The U.S. economy created 146,000 new jobs and the unemployment rate slid to 7.7 percent, in a report much better than economists had expected.
Despite the effects from Superstorm Sandy, the jobs engine continued to run, albeit slowly.
The Labor Department said the storm's effects might be more accurately gauged in next months' report.
Internally, the report showed some weakness.
The numbers had some puzzling contradictions, particularly in its assertion that Sandy "did not substantively impact" the jobs count for November, and in substantial downward revisions from previous months.
Also, the drop in the unemployment rate appeared to reflect a continued exodus of workers from the labor force.
The labor force participation rate, already around 30-year lows, fell further in the month to 63.6 percent. That represented 350,000 fewer workers.
An alternative measure of unemployment, which counts those who have given up looking for jobs as well as those working part-time for economic reasons, also edged lower to 14.4 percent.
Economists had been expecting a gain of 93,000 in nonfarm payrolls and a steadying of the unemployment rate at 7.9 percent, though estimates varied widely.
Deutsche Bank's Joseph LaVorgna, for instance, forecast a gain of just 25,000 positions, due in large part to residual effects from Superstorm Sandy.
Market reserach firm TrimTabs, conversely, projected 202,000 new jobs, though it expected the government's count to be lower.
Previous month's employment gains also were lowered through revisions.
The Labor Department's initial report for October showed a gain of 171,000 jobs, but now is listed at 138,000. The September gain of 148,000 was taken down to 132,000.
Much of the November gains came in retail, which added 53,000, while professional services grew 43,000.
It upsets you that Obama's jobs engine continues to run, doesn't it?
Remember a few weeks ago the Repugs were sticking Barry with exclusive responsibility for "23M un/underemployed", as if the Repugs actually GAF about jobs?
without having read the full report yet, I heard on npr this morning that the drop this month was largely due to more people stopping their search for work.
you asshole. I just pasted the article for y'alls information without any editorial comment. You suck..
It's in the story CC quoted above.
146,000 new jobs created; 350,000 people leaving the work force.
http://www.zerohedge.com/news/2012-1...-rate-lower-77
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 low paying jobs. Construction jobs lost: 20K.
Calm down. I was just ribbing you a bit. Nobody is pretending like the economy is roaring and most people paying attention are aware the unemployment rate is dropping because people are leAving the workforce.
@ Drachen I heard that same report on NPR. Most of the growth was in retail and tourism/service (read low wage) and healthcare. At least all the money the government spends on healtcare continues to create jobs
Why Obama's approval rating is rising
Obama's approval rating stands at 57 percent, the highest since May 2011, when U.S. Navy SEALs killed the terror leader, and up 5 percentage points from before the election. And 42 percent say the country is on the right track, up from 35 percent in January 2009.
A majority think it's likely that the president will be able to improve the economy in his second term.
"Compared to the alternative, I'm more optimistic about government and the economy with him in office," said Jack Reinholt, an independent from Bristol, R.I., who backed Obama in 2008 and again in 2012. "I feel he has the better path laid out."
http://www.csmonitor.com/USA/Latest-...All+Stories%29
There is no doubt the Repugs will do everything possible at Fed and state level (Repugs control 24 states, let's see how those state economies do) to increase austerity (cut spending) and increase poverty, and screw the 99%, while protecting/enriching the corps and 1%.
...........and boutons attempts to create a diversion...................
Repugs will get overwhelmingly blamed for over the cliff and shutting down the govt over the debt limit bull .
Barry's Got The Power and the popularity, Repugs got .
two bits, four bits, six bits, a dollar
everyone for blue team stand up and holler!!!!
lol
CG would look good in a cheerleading skirt, tbh.
[diversion] Did you guys hear about Obama's approval rate? It's really awesome. [/diversion]
"Did you guys hear about Obama's approval rate? It's really awesome"
Barry's gonna make Boner eat .
You go, girl!
[diversion] Did you guys hear about Obama's approval rate? It's really awesome. [/diversion]
boutons and a pal in a rare, casual moment.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
