Job Growth. I don't know about you but this looks like, oh, BAD NEWS?

[Roland99]

Numbers are based on those from bls.gov.


The last four months have been BELOW the number needed to maintain equilibrium with the growth in the labor force.

Four months in a row it's been BELOW.


Now, I'm not an economist but I'd call that some not-so-good news. Sure makes me glad the ONE-PARTY FASCISTS in D.C. are bucking for MORE tax cuts since those seemed to have worked SO well the last few years.

:eyes:

[NVMojo]

1. looks like it is keeping up with the housing bubble bursting

[Roland99]

2. I'm thinking we might be seeing the start of the dominoes falling

just like the dot-com bubble bursting.

Gas prices rising forcing more of peoples' take home pay into the tank instead of take-out, movies, clothing, etc. Fewer job benefits like healthcare taking more and more of what's leftover, too.

Signs do not bode well.

[NewJeffCT]

3. Job growth has generally sucked under Bush

If you catch a Republican on the news, they are spinning 5 million jobs in 3 years as something good. The reality is that even under this so-called "recovery" the past few years, the Bush economy has had essentially ZERO job growth, as we need to create at least 150,000 jobs per month just to keep up with the growing population. That is 1,800,000 per year just to break even.

[PsN2Wind]

4. Just THINK how bad things would have been

where it not for those tax cuts for the wealthy!!! (sarcasm added)
That will probably be what the Repubs say.

[WannaJumpMyScooter]

5. study the chart closely, there will be a peak this

Sept/Oct... for the elections.

[Roland99]

6. Well, it will be seasonal P/T for the holidays but they'll spin it...

[Sinti]

7. That's precisely why they're going to cut billionaire taxes again

So we can get trickled on some more, just wait - it'll all be golden in a coupla more years, you'll see. :smoke:

[aint_no_life_nowhere]

8. And the cherry on top of the Bush cake

is that by far most of the new jobs were service industry related, while the manufacturing sector cut another 15,000.

[Roland99]

11. Plus, somewhere around half of those new jobs are public sector

and a good many in the defense industry. Gotta keep those war drums thumpin'!

[fuzzyball]

9. No surprise here...economy tanks every 4 or 5 years like clockwork

Pretty soon we will have a mild/medium/severe recession
as it happens in cycles every 4 or 5 or 6 years. The stock
market will take a dive, and the smart money will gather up
the bargain stocks to be sold to suckers who will come into
the rising market later on and will be left holding the bag
as it happened in 2000. No surprise here, whatsoever.

[fasttense]

12. It doesn't happen in other countries

Why is it just the US that has these so-called economic down-turn cycles? Ireland has been doing just fine for the last 12 years and some other countries as well. No the cycles are caused by idiot republics with idiot economic theories like "trickle down." The last down-turn happened when the liar in chief stole the election and we are just continuing the same bleak economy republics enjoy. The bushes are winning their war on the American middle class.

[Roland99]

13. Another problem is that plenty of DLC-dandies don't mind trickle-down..

They're pro-corporate and don't mind giving corporations much more control over America than they should have.

[fuzzyball]

15. Last recession years: 1962, 1966, 1974, 1979, 1982, 1994, 2000, 200?

I remember these years because either I lost money
in the stock market in those years or had trouble finding job (1962)
or got laid off (1966)

1962 - JF Kennedy
1966 - LB Johnson
1974 - Nixon/Ford
1979 - J Carter
1982 - R Reagan
1994 - BJ Clinton
2000 - BJ Clinton
2001 - GW Bush

[fuzzyball]

16. Most European countries have DOUBLE-DIGIT UNemployment rates

including France, Italy, & Germany. DOn't recall what
Ireland's unemployment rate, but is'nt Ireland part of
Great Britain? And GB does have high unemployment.

Even worse, European economies are growing at half the
rate of USA. The best growing economy today is China
since it started capitalistic policies allowing individuals
to be business owners.

In 20 years China is projected to overtake US economy in size.
In 35 years India will overtake USA based on current rates of
economic expansion.

[wicket]

19. And now if only CHina would do something about its human rights violations

Their economy is doing so well since they rely on what basically amounts to slave labor. Certainly nothing to be proud of.

[fuzzyball]

22. China's human rights record is abyssmal....

China also has rampant violations of making
illegal copies of proprietory material. You
can buy illegal copies of software, movies
and music at cheap prices in China.

However, the manufacturing sector in China
is expanding at tremendous rate. As China
grows rich from all this production of goods,
the labor rates will catch up with the rest
of the industrialized world.

[w4rma]

17. It tanks everytime a Republican gets into the executive office.

That's the cycle. Republicans in charge = economy tanks. Democrats in charge = economy grows.

[fuzzyball]

23. Not always, years 1962, 1966, 1974, 1994, 2000-2002 were all BAD BAD BAD

1962 - JFK was president, democrat congress
1966 - LBJ was in charge, democrat congress
1974 - Nixon was in WH, democrat congress
2000-2002 - Internet bubble began bursting in 2000 under
Clinton and went to real hell under Bush by 2002. Repub congress.

I remember 1966, 1974 & 1974 like it happened yesterday since I
lost huge percentage of my stock portfolio value. In 2000 thru 2003
I got lucky and stayed out of the stock market so survived unscathed.

[wiley]

10. What about "it sucks" don't we get?

[Human Torch]

14. Pimping "Our Strong Economy" (From the White House Web Site):

Strong U.S. Economy
Economic growth continues with 113,000 new jobs created in July. There have been over 5.5 million new jobs created since August of 2003, and the unemployment rate is at 4.8 percent, below the averages of the 1960's, '70s, '80s and '90s. Click here to learn more about the President's pro-growth policies.

http://www.whitehouse.gov/

Job Creation Continues:
5.5 Million Jobs Created Since August 2003

On August 4, 2006, The Government Released New Jobs Figures – 113,000 Jobs Created In July. The economy has created more than 1.7 million jobs over the past 12 months – and more than 5.5 million jobs since August 2003. The unemployment rate is 4.8 percent – below the average of each of the past three decades. In addition, wages grew 0.4 percent in July, the second consecutive month of strong wage growth and faster than inflation.

The Economy Remains Strong, And The Outlook Is Favorable

http://www.whitehouse.gov/infocus/economy/



President George W. Bush meets business leaders and his brother, Florida Governor Jeb Bush, left, in Miami at the Versailles Restaurant and Bakery for a breakfast meeting Monday, July 31, 2006. White House photo by Kimberlee Hewitt

:silly:

[ChairmanAgnostic]

18. why do you hate our country so?

by reporting on this, you ignore all the GOOD NEWS in the economy. Like a 3X increase in Kodak's CEO's rate of pay, and 2,000 workers losing their jobs.
like thousands of hummers going unsold, despite one of the worst ad campaigns in recent memories.
like wages stagnating and falling, while CEO wages rising 17-20% a year.
like jobs being outsourced.

[butterfly77]

20. Like bush is a damn liar and he and his cronies have been...

lying about the economy for years and fudging the numbers. Can't hide it forever the people know it because they live it.

[ChairmanAgnostic]

21. I have a lot of callers and poor clients

( i voluntarily switched from being a big badassed corporate lawyer and went into solo private practice for little people) who truly represent today's slice of life. Some are doing well, others not so well, and a growing number are suffering. For a few, it is not just a matter of whether to drive or not, but whether to pay the power bill, buy gas so they can go to their second job, or buy food.

the dislike of all things bush is growing in intensity. If you ask them whether the rosy economy is good for them, too, it takes most of them just a few seconds to realize that you are being sarcastic.

The spinners in the White House are good at several things:
a) scaring Americans
b) using terror as a domestic weapon
c) stealing votes and disenfranchising voters
d) claiming that things are going well (economy, Iraq, trade, foreign relations, racial relations, tax policies, energy policy, the environment) when in honesty, only their small segment of over-paid, ultra-rich and arrogant greedy bastards are making tons of money at the expense of others.