| Unemployment 9.1% - July 2011 - 9.1% Auguts | |
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| Tweet Topic Started: Jul 8 2011, 07:39 AM (4,343 Views) | |
| retiredLEO | Sep 2 2011, 08:54 AM Post #121 |
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You are right, you need that sugar daddy, that is Owebama with help from Uncle Ben and the Fed, you need more money, you print it. IMHO, Owebama, wants to collaspe the system and rebuild it in his image, and what happens is what you stated scarcity and misery. I don't believe that this the economy is in distress, because of inept administration, I believe this is being done on purpose. |
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| Baldo | Sep 2 2011, 09:08 AM Post #122 |
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Whether it is a strategy or just stupidity the results are the same. Scarcity & Misery We are starting to see some analysis on the job report, It appears we have MORE Hinky Dinky Accounting. The BLS Death Birth Adjustment hide 87000 job losses in August. Waiting for the August Labor Participation rate |
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| LTC8K6 | Sep 2 2011, 11:05 AM Post #123 |
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Assistant to The Devil Himself
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Pelosi's response... She's living in an alternate reality... http://www.democraticleader.gov/news/press?id=2306 Pelosi Statement on August Jobs Report September 02, 2011 Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after the Department of Labor announced that the economy added no net new jobs in August and the unemployment rate remained at 9.1 percent: "Our nation's top priority remains jobs, and today's report reiterates what we've heard time and again from the American people: we must get to work putting people back to work. Republicans created uncertainty and instability for our economy with the threat of a default and a government shutdown – and Americans are paying the price. We cannot afford another 241 days of Republican refusal to pass jobs legislation. The only plans offered by Republicans have not only failed to create jobs – they actually have destroyed them. "Democrats have placed plan after plan on the table to add jobs now, to support small business hiring, and strengthen our economy – and we are prepared to do more. We must pass our 'Make It In America' initiative to strengthen our manufacturers and small businesses, and invest in rebuilding America's roads, bridges, rail lines, schools, and airports. The new Joint Committee on Deficit Reduction must focus, first and foremost, on job creation and economic growth – a critical first step to bringing down the debt – while protecting the health and economic security of our seniors and middle class families. "With President Obama set to address the nation on his jobs agenda next week, Democrats and Republicans must act on a bipartisan basis now. We must come together, listen to our constituents, and remain committed to job number one for this Congress: creating jobs and spurring a renewed prosperity for all Americans." |
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| Baldo | Sep 2 2011, 11:05 AM Post #124 |
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A little Moon-walking Music Maestro! Obama halts controversial EPA regulation President Barack Obama on Friday sacked a controversial proposed regulation tightening health-based standards for smog, bowing to the demands of congressional Republicans and some business leaders. Obama overruled the Environmental Protection Agency and directed administrator Lisa Jackson to withdraw the proposal, in part because of the importance of reducing regulatory burdens and uncertainty for businesses at a time of rampant uncertainty about an unsteady economy. The announcement came shortly after a new government report on private sector employment showed that businesses essentially added no new jobs last month — and that the jobless rate remained stuck at a historically high 9.1 percent....snipped http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/09/02/national/w073639D20.DTL&tsp=1 Edited by Baldo, Sep 2 2011, 11:06 AM.
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| Baldo | Sep 2 2011, 11:26 AM Post #125 |
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So what was the President Response to this Horrendous Unemployment Report?![]() Off to Camp David where I can play Golf without being seen! |
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| LTC8K6 | Sep 2 2011, 11:46 AM Post #126 |
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Assistant to The Devil Himself
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CHRIS CILLIZZA: Gene, the President I assume is going to have to make a pretty forceful case to Congress on why what he's going to propose is necessary. How much does this jobs report, though, erode the kind of political foundation that he's standing on, allowing Republicans to simply say we've listened to that, we've tried that--now we need something new? GENE SPERLING: Exactly the opposite. The President inherited an economy that we now know was falling at almost 9% a year, actually 8.9% in the last quarter of 2008. Independent analysts found that the recovery act that the President put forward meant a difference of about 8 million jobs in 2010 and up to three million jobs in the second quarter of this year. And what the President was fighting for, working his heart out every day this summer was to get a long-term plan that would do fiscal certainty. http://newsbusters.org/blogs/mark-finkelstein/2011/09/02/obama-admin-miserable-jobs-report-blame-bush-claim-11-million-jobs |
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| kbp | Sep 2 2011, 02:35 PM Post #127 |
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Nancy's statements look rather silly when they're followed with the post regarding Barry's backtracking on his green plan. At some point Barry will need to take his po' people tax breaks and backtrack them (apply the cuts to corp's) to help us compete with other nations for business investments and a little certainty for the long-term there. Edited by kbp, Sep 2 2011, 02:36 PM.
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| Baldo | Sep 4 2011, 04:59 PM Post #128 |
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California Employment Level Sinks to Record Low as Fewer Women Find Jobs The percentage of working-age Californians with jobs has fallen to a record low, and employment may not return to pre-recession levels until the second half of the decade, according to a research group. Just 55.4 percent of working-age Californians, defined as those 16 or older, had a job in July, down from 56.2 percent a year earlier and the lowest level since 1976, the Sacramento- based California Budget Project said in a report released late yesterday. California’s 12 percent unemployment rate in July, the nation’s second-highest after Nevada, compared with 9.1 percent nationwide. The most-populous state lost 1.4 million jobs during the recession that began three years ago, and has gained back only 226,800, or about 17 percent, according to the report....snipped http://www.bloomberg.com/news/2011-09-04/california-employment-level-sinks-to-record-low-as-fewer-women-find-jobs.html I am pretty sure California is back in a recession no matter what the BLS says. Edited by Baldo, Sep 4 2011, 11:43 PM.
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| Baldo | Sep 4 2011, 11:43 PM Post #129 |
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Unemployment Report for August: "It means we are already very close to a recession" " And getting more likely" U.S. Economy, Fed Policy, Obama Administration Sept. 5 (Bloomberg) -- Dan North, chief U.S. economist at Euler Hermes ACI in Owings Mills, Maryland, talks about the U.S. economy and Federal Reserve monetary policy. Job growth in the U.S. unexpectedly stagnated in August, adding to pressure on Fed Chairman Ben S. Bernanke and President Barack Obama to rouse an economy that’s at risk of stalling two years after the last recession ended. North speaks from Singapore with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg) Video http://www.bloomberg.com/video/74799372/ |
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| LTC8K6 | Sep 4 2011, 11:51 PM Post #130 |
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Assistant to The Devil Himself
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http://www.latimes.com/news/nationworld/nation/la-na-0905-poll-presidential-20110905,0,6048766.story Obama strongly leads GOP candidates in California poll... |
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| Baldo | Sep 5 2011, 12:23 AM Post #131 |
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Mind-numbing huh? 12.4% unemployment & they still support him. Well what can I say, not all of us in California are beholding to the govt feeding trough, but enough are. |
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| Baldo | Sep 5 2011, 06:41 PM Post #132 |
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Unemployed face tough competition: underemployed The unemployed will face tough competition from the underemployed once economy improves WASHINGTON (AP) -- The job market is even worse than the 9.1 percent unemployment rate suggests. America's 14 million unemployed aren't competing just with each other. They must also contend with 8.8 million other people not counted as unemployed -- part-timers who want full-time work. When consumer demand picks up, companies will likely boost the hours of their part-timers before they add jobs, economists say. It means they have room to expand without hiring. And the unemployed will face another source of competition once the economy improves: Roughly 2.6 million people who aren't counted as unemployed because they've stopped looking for work. Once they start looking again, they'll be classified as unemployed. And the unemployment rate could rise. Intensified competition for jobs means unemployment could exceed its historic norm of 5 percent to 6 percent for several more years. The nonpartisan Congressional Budget Office expects the rate to exceed 8 percent until 2014. The White House predicts it will average 9 percent next year, when President Barack Obama runs for re-election. The jobs crisis has led Obama to schedule a major speech Thursday night to propose steps to stimulate hiring. Republican presidential candidates will likely confront the issue in a debate the night before. The back-to-back events will come days after the government said employers added zero net jobs in August. The monthly jobs report, arriving three days before Labor Day, was the weakest since September 2010..snipped http://finance.yahoo.com/news/Unemployed-face-tough-apf-2863640197.html?x=0&sec=topStories&pos=main&asset=&ccode= BLS August U-6 unemployment rate for the USA is 16.1%. |
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| Baldo | Sep 8 2011, 08:00 AM Post #133 |
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New jobless claims rise to 414,000 last week WASHINGTON (Reuters) - New U.S. jobless claims rose unexpectedly last week, further evidence of a weak labor market just hours before President Barack Obama delivers a major address to Congress on the issue. Applications for unemployment benefits rose to 414,000 in the week ending September 3 from an upwardly revised 412,000 the prior week, the Labor Department said on Thursday. Wall Street analysts had been looking for a dip to 405,000. Excluding one week in early August, claims have held above 400,000 since early April. The Labor Department said there was no discernible effect from recent hurricanes and storms on the national figures this week. The four-week moving average of claims, which smooths out volatility, rose to 414,750 from 411,000 the prior week. Continuing claims eased to 3.72 million from 3.75 million. The number of total recipients on benefit rolls was 7.17 million. U.S. employment growth ground to a halt in August, with zero net job creation raising fears of a new recession and putting pressure on the Federal Reserve to ease monetary policy further at its meeting later this month. ...snipped http://finance.yahoo.com/news/New-jobless-claims-rise-to-rb-3640825807.html?x=0&sec=topStories&pos=main&asset=&ccode= |
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