REAL WORLD EVENT DISCUSSIONS

"That's right, Steve. Only 271,000 new jobs were added last month."

POSTED BY: KPO
UPDATED: Tuesday, November 10, 2015 17:14
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Friday, November 6, 2015 3:00 PM

KPO

Sometimes you own the libs. Sometimes, the libs own you.

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Friday, November 6, 2015 3:34 PM

THGRRI


Quote:

Originally posted by kpo:
Fox gives the disappointing news from the latest jobs report:

http://mediamatters.org/embed/static/clips/2015/11/06/43023/fnc-fnf-20
151106-only271000_octoberjobsreport





It was great watching them squirm in their seats as they tried to spin a great jobs report and unemployment numbers as disappointing. The Fed is going to raise interest rates a quarter percent and that starts the interest rates slow climb back and shows the Feds faith in the economy.


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Friday, November 6, 2015 4:59 PM

REAVERFAN


Yeah, she said "only" as if the good news was somehow disappointing!

http://mediamatters.org/blog/2015/11/06/watch-fox-news-stumble-through
-outstanding-octo/206671


Busted! LOL

We were losing 700,000 jobs a month when the Bush nightmare ended. He doubled unemployment during his term. Obama cut it in half.


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Friday, November 6, 2015 5:56 PM

WHOZIT


These are temp jobs for the holidays, on Dec 24th they're gone.

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Saturday, November 7, 2015 11:14 AM

ELVISCHRIST


Quote:

Originally posted by whozit:
These are temp jobs for the holidays, on Dec 24th they're gone.




Put that in the predictions thread. Whozit says that 271,000 jobs will be lost on December 24th, 2015.

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Sunday, November 8, 2015 12:39 PM

THGRRI


Again, it was very telling just how bad Fox news is watching that tape.



Strong jobs data set stage for rate hike


"Hiring and wages surged last month as the unemployment rate dropped to 5%, a symbolic threshold with potential significance both for the economy and the 2016 election.

The latest jobless figure is the lowest since April 2008 and exactly half the rate from its peak in 2009 during the Great Recession. Moreover, the labor force expanded last month, unlike some previous months when the unemployment rate dropped because large numbers of people had stopped looking for work."


http://www.latimes.com/business/la-fi-jobs-report-20151106-story.html


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Sunday, November 8, 2015 2:36 PM

KPO

Sometimes you own the libs. Sometimes, the libs own you.


Quote:

Originally posted by whozit:
These are temp jobs for the holidays, on Dec 24th they're gone.


Nice try Whozit, but it's just not true if you look at October jobs numbers going back 15 years:

October 2014 - 214,000 jobs created
October 2013 - 204,000 jobs created
October 2012 - 171,000 jobs created
October 2011 - 80,000 jobs created
October 2010 - 151,000 jobs created
October 2009 - -190,000 jobs created
October 2008 - -240,00 jobs created
October 2007 - 166,000 jobs created
October 2006 - 92,000 jobs created
October 2005 - 56,000 jobs created
October 2004 - 337,000 jobs created
October 2003 - 126,000 jobs created
October 2002 - 0 jobs created
October 2001 - -415,000 jobs created
October 2000 - 137,000 jobs created

http://www.bls.gov/schedule/archives/empsit_nr.htm#2007

It's not personal. It's just war.

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Sunday, November 8, 2015 3:33 PM

THGRRI


Quote:

Originally posted by kpo:
Quote:

Originally posted by whozit:
These are temp jobs for the holidays, on Dec 24th they're gone.


Nice try Whozit, but it's just not true if you look at October jobs numbers going back 15 years:

October 2014 - 214,000 jobs created
October 2013 - 204,000 jobs created
October 2012 - 171,000 jobs created
October 2011 - 80,000 jobs created
October 2010 - 151,000 jobs created
October 2009 - -190,000 jobs created
October 2008 - -240,00 jobs created
October 2007 - 166,000 jobs created
October 2006 - 92,000 jobs created
October 2005 - 56,000 jobs created
October 2004 - 337,000 jobs created
October 2003 - 126,000 jobs created
October 2002 - 0 jobs created
October 2001 - -415,000 jobs created
October 2000 - 137,000 jobs created

http://www.bls.gov/schedule/archives/empsit_nr.htm#2007

It's not personal. It's just war.



This information is woefully void of how many jobs left the country during Obamas predecessor's watch.

"President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton‘s administration and only slightly better than President George H.W. Bush did in his four years in office.

Long before the banking collapse of 2008, such important U.S. industries as machine tools, consumer electronics, auto parts, appliances, furniture, telecommunications equipment, and many others that had once dominated the global marketplace suffered their own economic collapse. Manufacturing employment dropped to 11.7 million in October 2009, a loss of 5.5 million or 32 percent of all manufacturing jobs since October 2000. The last time fewer than 12 million people worked in the manufacturing sector was in 1941. In October 2009, more people were officially unemployed (15.7 million) than were working in manufacturing.

"When a factory closes, it creates a vortex that has far-reaching consequences. The Milken Institute estimates that every computer-manufacturing job in California creates 15 jobs outside the factory. Close a manufacturing plant, and a supply chain of producers disappears with it. Dozens of companies get hurt: those supplying computer-aided design and business software; automation and robotics equipment, packaging, office equipment and supplies; telecommunications services; energy and water utilities; research and development, marketing and sales support; and building and equipment maintenance and janitorial services. The burden spreads to local restaurants, cultural establishments, shopping outlets, and then to the tax base that supports police, firemen, schoolteachers, and libraries."

http://prospect.org/article/plight-american-manufacturing



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Sunday, November 8, 2015 6:17 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


Fewer and fewer people are working (from the BLS 1995 * 2015).




Meanwhile, real wages drop again:

/latest_numbers_LNS11300000_1995_2015_all_period_M10_data.gif
Year Weekly Earnings (1982-84 dollars)
1972 $341.73 (peak)
1975 $314.77
1980 $290.80
1985 $284.96
1990 $271.10
1992 $266.46 (lowest point; 22% below peak)
1995 $267.17
2000 $285.00
2005 $285.05
2010 $297.79
2011 $295.49
2012 $294.83 (still 14% below peak)
This decline is especially amazing when we consider that private non-farm productivity has doubled in this period.





SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.

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Sunday, November 8, 2015 6:30 PM

THGRRI


So the government should take over companies right 1kiki?

Careful, I know where to find you saying that.

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Sunday, November 8, 2015 6:47 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


Go ahead. Quote and link. Since you 'know' where - I expect a reply shortly.




SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.

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Sunday, November 8, 2015 7:06 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


Time's a wasting. Tick tock tick tock ...




SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.

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Sunday, November 8, 2015 7:18 PM

THGRRI


Quote:

Originally posted by 1kiki:
Time's a wasting. Tick tock tick tock ...




Why, you haven't denied it. You would have to deny you are totally against capitalism and therefore corporations and free markets?


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Sunday, November 8, 2015 7:45 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


So, you lied ... AGAIN.

The only thing worse than you being the chronic liar you are is how ridiculously STUPID your lies are.




SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.

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Sunday, November 8, 2015 7:57 PM

THGRRI



Quote:

Originally posted by 1kiki:
Time's a wasting. Tick tock tick tock ...




Why, you haven't denied it. You would have to deny you are totally against capitalism and therefore corporations and free markets?




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Sunday, November 8, 2015 8:19 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


Why, you haven't denied it.

I did.

Many times.

In this thread. http://www.fireflyfans.net/mthread.aspx?bid=18&tid=58208&p=1

But you were too dim-witted to understand. Or are too dishonest to refer to it.

Now, let's talk about your problem of being a compulsive liar. That's FAR more entertaining. When did it start? Childhood I'm guessing. Did you have siblings? I think that when your misdeeds were discovered you found it easy to point the finger elsewhere. How successful was that? If you were anywhere nearly as clumsy back then as you are now, probably you were incredibly UNsuccessful.




SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.

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Sunday, November 8, 2015 8:37 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.


And - to get back to the economy ...

It's true it took a republican - that would be dumbya - to tank the economy. But only after a democrat - that would be Clinton I - greased the rails. And the next democrat in line - that would be Obama - may have temporarily halted the plunge into the abyss. But that came about at the expense of people who actually work for a living. Watching the economy is to me like watching a bus-full of people teeter nose-down on the cliff's edge. How is it even staying up?




SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.

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Monday, November 9, 2015 10:16 AM

SIGNYM

I believe in solving problems, not sharing them.


If the number of jobs created is so high, why is the PARTICIPATION RATE so low?

Everyone knows that the job creation index is a half statistic. Because you also need to know the number of people who LEFT the labor force during that time

And everyone knows that the unemployment rate is a fudged statistic. Because if you're out of work long enough and stop looking for a job, you're dropped from the rolls. Did you know that if you work for ONE HOUR in a month, you're considered "employed"?

The PARTICIPATION RATE on the other hand has had less attention paid to it, and therefore hasn't gotten the cumulative beauty treatment that the unemployment rate has enjoyed for the past several decades! The participation rate is simply the number of working people divided by the number of working age people. And despite the fact that it, too suffers from some of the same definitional issues (how many hours do you have to work to be considered employed?) and fudge factors (seasonal adjustments) as the unemployment rate, it is a far more robust metric than the unemployment rate, and what THAT shows is that the participation rate is the lowest its been since about 1977 (some say 1968).
http://data.bls.gov/timeseries/LNS11300000
http://fortune.com/2015/07/02/us-labor-force-participation-drops/
http://www.cnbc.com/2015/10/02/us-nonfarm-payrolls-sept-2015.html

SOME RECOVERY!

Two other metrics to handle with disinfectant and gloves, aside from the almost entirely fictitious unemployment rate is the CPI and GDP. They've also stopped measuring anything real several decades ago.

--------------
You can't build a nation with bombs. You can't create a society with guns.

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Monday, November 9, 2015 10:30 AM

SIGNYM

I believe in solving problems, not sharing them.


Despair, American Style - PAUL KRUGMAN
(or- "That's right, Steve. Things are going GREAT in America!")

Quote:

A couple of weeks ago President Obama mocked Republicans who are “down on America,” and reinforced his message by doing a pretty good Grumpy Cat impression. He had a point: With job growth at rates not seen since the 1990s, with the percentage of Americans covered by health insurance hitting record highs, the doom-and-gloom predictions of his political enemies look ever more at odds with reality.

Yet there is a darkness spreading over part of our society. And we don’t really understand why.

There has been a lot of comment, and rightly so, over a new paper by the economists Angus Deaton (who just won a Nobel) and Anne Case, showing that mortality among middle-aged white Americans has been rising since 1999. This deterioration took place while death rates were falling steadily both in other countries and among other groups in our own nation.

Even more striking are the proximate causes of rising mortality. Basically, white Americans are, in increasing numbers, killing themselves, directly or indirectly. Suicide is way up, and so are deaths from drug poisoning and the chronic liver disease that excessive drinking can cause. We’ve seen this kind of thing in other times and places – for example, in the plunging life expectancy that afflicted Russia after the fall of Communism. But it’s a shock to see it, even in an attenuated form, in America.

Yet the Deaton-Case findings fit into a well-established pattern. There have been a number of studies showing that life expectancy for less-educated whites is falling across much of the nation. Rising suicides and overuse of opioids are known problems. And while popular culture may focus more on meth than on prescription painkillers or good old alcohol, it’s not really news that there’s a drug problem in the heartland.

But what’s causing this epidemic of self-destructive behavior?

If you believe the usual suspects on the right, it’s all the fault of liberals. Generous social programs, they insist, have created a culture of dependency and despair, while secular humanists have undermined traditional values. But (surprise!) this view is very much at odds with the evidence.

For one thing, rising mortality is a uniquely American phenomenon – yet America has both a much weaker welfare state and a much stronger role for traditional religion and values than any other advanced country. Sweden gives its poor far more aid than we do, and a majority of Swedish children are now born out of wedlock, yet Sweden’s middle-aged mortality rate is only half of white America’s.

You see a somewhat similar pattern across regions within the United States. Life expectancy is high and rising in the Northeast and California, where social benefits are highest and traditional values weakest. Meanwhile, low and stagnant or declining life expectancy is concentrated in the Bible Belt.

What about a materialist explanation? Is rising mortality a consequence of rising inequality and the hollowing out of the middle class?

Well, it’s not that simple. We are, after all, talking about the consequences of behavior, and culture clearly matters a great deal. Most notably, Hispanic Americans are considerably poorer than whites, but have much lower mortality. It’s probably worth noting, in this context, that international comparisons consistently find that Latin Americans have higher subjective well-being than you would expect, given their incomes.

So what is going on? In a recent interview Mr. Deaton suggested that middle-aged whites have “lost the narrative of their lives.” That is, their economic setbacks have hit hard because they expected better. Or to put it a bit differently, we’re looking at people who were raised to believe in the American Dream, and are coping badly with its failure to come true.

That sounds like a plausible hypothesis to me, but the truth is that we don’t really know why despair appears to be spreading across Middle America. But it clearly is, with troubling consequences for our society as a whole.

In particular, I know I’m not the only observer who sees a link between the despair reflected in those mortality numbers and the volatility of right-wing politics. Some people who feel left behind by the American story turn self-destructive; others turn on the elites they feel have betrayed them. No, deporting immigrants and wearing baseball caps bearing slogans won’t solve their problems, but neither will cutting taxes on capital gains. So you can understand why some voters have rallied around politicians who at least seem to feel their pain.

At this point you probably expect me to offer a solution. But while universal health care, higher minimum wages, aid to education, and so on would do a lot to help Americans in trouble, I’m not sure whether they’re enough to cure existential despair.



--------------
You can't build a nation with bombs. You can't create a society with guns.

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Tuesday, November 10, 2015 4:38 PM

KPO

Sometimes you own the libs. Sometimes, the libs own you.


Quote:

This information is woefully void of how many jobs left the country during Obamas predecessor's watch.

Sure, but my intention was not to make any commentary on Obama vs. Bush's economic record, but to rebut Whozit's assertion that employment spikes in October for seasonal reasons.

The people going on about the struggles of the US economy are similarly missing the point. This was ONE very good jobs report - Fox's attempts to spin it away were truly comical. It doesn't mean that next months jobs report will be anywhere near as good, or that the economy is 'on fire' or anything like that.

Let's just all laugh at Fox.

It's not personal. It's just war.

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Tuesday, November 10, 2015 5:14 PM

THGRRI


Quote:

Originally posted by kpo:
Quote:

This information is woefully void of how many jobs left the country during Obamas predecessor's watch.

Sure, but my intention was not to make any commentary on Obama vs. Bush's economic record, but to rebut Whozit's assertion that employment spikes in October for seasonal reasons.

The people going on about the struggles of the US economy are similarly missing the point. This was ONE very good jobs report - Fox's attempts to spin it away were truly comical. It doesn't mean that next months jobs report will be anywhere near as good, or that the economy is 'on fire' or anything like that.

Let's just all laugh at Fox.

It's not personal. It's just war.



I get you. Another thing they don't get is that with all the factories closing before Obama got to Washington. People no longer walked across the street to go back to work when the economy picked up. New jobs had to be created and that economy takes much longer to fix.

Since 2001, the U.S. has lost 42,400 factories --
and its technical edge.


"For American manufacturers, the bad years didn't begin with the banking crisis of 2008. Indeed, the U.S. manufacturing sector never emerged from the 2001 recession, which coincided with China's entry into the World Trade Organization. Since 2001, the country has lost 42,400 factories, including 36 percent of factories that employ more than 1,000 workers (which declined from 1,479 to 947), and 38 percent of factories that employ between 500 and 999 employees (from 3,198 to 1,972). An additional 90,000 manufacturing companies are now at risk of going out of business."

Of course Obama doesn't say to much on this because Democrats are just as guilty.

http://prospect.org/article/plight-american-manufacturing


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