Post your economic news here (techs and co.)

[Zil]

The new job numbers are out today for August and again, the unemployment rate is down to 5.4%, 144,000 jobs have been created, and average hourly wages rose.

http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm?cnn=yes


techs and friends: Please go ahead and post your "The economy is growing too slow" and "Bush still hasnt created enough jobs" posts, because we have this same argument every month, I just managed to post before you.

[corturbra]

The new job numbers are out today for August and again, the unemployment rate is down to 5.4%, 144,000 jobs have been created, and average hourly wages rose.

http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm?cnn=yes


techs and friends: Please go ahead and post your "The economy is growing too slow" and "Bush still hasnt created enough jobs" posts, because we have this same argument every month, I just managed to post before you.

Guess what? Even being a Brit I can see that "The economy is growing too slow" and "Bush still hasnt created enough jobs" what surprises me is that no-one has noticed sooner... :devil: :thumbs2:

[jitBob]

The new job numbers are out today for August and again, the unemployment rate is down to 5.4%, 144,000 jobs have been created, and average hourly wages rose.

http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm?cnn=yes


techs and friends: Please go ahead and post your "The economy is growing too slow" and "Bush still hasnt created enough jobs" posts, because we have this same argument every month, I just managed to post before you.
Unemployment dipped down into the 4% range during the Clinton administration. So what you talkin' 'bout Willis?

[meatwad]

Unemployment dipped down into the 4% range during the Clinton administration. So what you talkin' 'bout Willis?

Things went a little south after a pack of ticking arabs stirred up some trouble a few years ago. But we're making a comeback.

[thorian]

Actually that number may need to be revised. Missouri was counting Public school Employees, for the summer unemployment #'s. However they are not supposed to be counted as they have jobs that restart at the end of august. How many other states screwed that up too.

So every School teacher, principal, janitor, busdriver, cafeteria worker, coach. that got "Laid off" for the summer (they can also collect unemployment for theese months) just got re hired for the fall. Watch out for #'s that say that the jobless rate dropped dramatically at the end of august/ beginning of september as all of those POOR UNEMPLOYED TEACHERS/STFF just got recalled and are no longer on the unemployment rolls.

[WebHead]

The new job numbers are out today for August and again, the unemployment rate is down to 5.4%, 144,000 jobs have been created, and average hourly wages rose.

http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm?cnn=yes


techs and friends: Please go ahead and post your "The economy is growing too slow" and "Bush still hasnt created enough jobs" posts, because we have this same argument every month, I just managed to post before you.

You are considering a few jobs that have been made recently, but seem to be forgetting that under W's watch,.. there have been more jobs lost than under any other president since Herbert Hoover. He has had four years and plenty of opportunity to stimulate job growth. Instead he is too focused on oil in Iraq and Haliburton.

[Cleetus]

You are considering a few jobs that have been made recently, but seem to be forgetting that under W's watch,.. there have been more jobs lost than under any other president since Herbert Hoover. He has had four years and plenty of opportunity to stimulate job growth. Instead he is too focused on oil in Iraq and Haliburton.
DOn't forget being the first president to ever cut taxes while at war....

[jitBob]

Actually that number may need to be revised. Missouri was counting Public school Employees, for the summer unemployment #'s. However they are not supposed to be counted as they have jobs that restart at the end of august. How many other states screwed that up too.

So every School teacher, principal, janitor, busdriver, cafeteria worker, coach. that got "Laid off" for the summer (they can also collect unemployment for theese months) just got re hired for the fall. Watch out for #'s that say that the jobless rate dropped dramatically at the end of august/ beginning of september as all of those POOR UNEMPLOYED TEACHERS/STFF just got recalled and are no longer on the unemployment rolls.
Hmmm...

I wonder if school teachers fall under the "seasonal" catagory? Would you care to compare the number of school teachers "unemployed" in the summer with the number of farm and orchard workers out of work in the winter?

[hudsonsmith]

From Floyd Norris in today's NY Times: http://www.nytimes.com/2004/09/03/business/03norris.html

In the area people think of when they hear about personal income - wage and salary payments - the picture is not as pretty. The entire increase there comes from the government payroll. Adjusted for inflation, private industry is paying almost exactly the same as in 2000. To be precise, private spending on wages is up less than 0.1 percent.

No administration back to John F. Kennedy has done as poorly. The two that came closest - a 1.4 percent rise under the first President Bush and a 3.3 percent gain in the term that ended with Gerald Ford in the White House - each ended with incumbents losing the election.

The share of wage and salary income coming from the government can be seen as a measure of the size of government relative to the economy. It began to rise in the 1950's and peaked in the second quarter of 1975, under Mr. Ford, at 21.8 percent of total wage and salary income. It declined under Jimmy Carter and Ronald Reagan, rose a little under the first President Bush and then fell rapidly under Bill Clinton, hitting a low of 16 percent in late 2000.

It has risen under the current administration. The latest quarterly figure showed 17.4 percent of all wage and salary payments came directly from the government.

[thirdfey]

Unemployment dipped down into the 4% range during the Clinton administration. So what you talkin' 'bout Willis?

*edited* my numbers were off *edited*

[imaeditedbysowulo]

Hmmm...

I wonder if school teachers fall under the "seasonal" catagory? Would you care to compare the number of school teachers "unemployed" in the summer with the number of farm and orchard workers out of work in the winter?

Don't forget all the construction workers and roofers that are unable to work in the winter, tho I'm not sure whether they are able to collect unemployment or not. I didn't know that teachers were able to do that.

[meatwad]

The Democrats keep running out of things to bitch about. So they say "Let's see you do better." Then when the country does better, they bitch "That's not good enough!"

[Titchski]

My missus got a $106 (without tip) haircut last week, I am now economically depressed. :sad:

[thirdfey]

My missus got a $106 (without tip) haircut last week, I am now economically depressed. :sad:

did it come with a boob job?

[hudsonsmith]

My missus got a $106 (without tip) haircut last week, I am now economically depressed. :sad:
My missus conceals such information from me - ignorance is bliss.

[Cleetus]

The Democrats keep running out of things to bitch about. So they say "Let's see you do better." Then when the country does better, they bitch "That's not good enough!"
Republicans have nothing to brag about so they play "what if" worse case scenario to blame the Democrats

[jitBob]

And jumped up into the +7 range so what's your point.
You mean it jumped to 7% in 2002? Or are you making the date of this figure up?

My point is that the last Democratic administration actually made jobs, this one hasn't.

[jitBob]

The Democrats keep running out of things to bitch about. So they say "Let's see you do better." Then when the country does better, they bitch "That's not good enough!"
With the state of the economy, a war that is dividing our country and our international relations at an all time low, I would say that the whole country has things to bitch about. If this stuff isn't enough to frighten you, then you need to open your eyes. We as a country do need to do better. Shipping jobs overseas and making enemies of a good portion of the world is not the way to improve our lifes or to help the world to be a better place. We can do better.

[Zil]

You mean it jumped to 7% in 2002? Or are you making the date of this figure up?

My point is that the last Democratic administration actually made jobs, this one hasn't.

http://data.bls.gov/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000


The highest the unemployment rate ever got under Bush was 6.3%, June 2003. And by the way, under Clinton, it was 7.3 in Jan 1993 and stayed above 6.0 until Sep 1994 and continued over 5.4 until Mar 1995.

[thirdfey]

http://data.bls.gov/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000


The highest the unemployment rate ever got under Bush was 6.3%, June 2003. And by the way, under Clinton, it was 7.3 in Jan 1993 and stayed above 6.0 until Sep 1994 and continued over 5.4 until Mar 1995.

Zil you have to admit looking at that chart under clinton's terms that the chart was going consistently down whereas under Bush it steadily went up until it jumped a half percent after 9/11.

[Zil]

Zil you have to admit looking at that chart under clinton's terms that the chart was going consistently down whereas under Bush it steadily went up until it jumped a half percent after 9/11.


Yep, I have to agree with that, but the fact is that its going down again. :cool:

[Titchski]

My missus conceals such information from me - ignorance is bliss.

Normally I would agree there, unfortunately she paid with a cheque and it kind of leaped out at me when the statement came. I shall be totting up all these incidental expenses for the next time I want to spend money on something frivolous :thumbs:

[thirdfey]

Normally I would agree there, unfortunately she paid with a cheque and it kind of leaped out at me when the statement came. I shall be totting up all these incidental expenses for the next time I want to spend money on something frivolous :thumbs:

Yeah, I'm sure that'll work for ya.

[jitBob]

http://data.bls.gov/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000


The highest the unemployment rate ever got under Bush was 6.3%, June 2003. And by the way, under Clinton, it was 7.3 in Jan 1993 and stayed above 6.0 until Sep 1994 and continued over 5.4 until Mar 1995.
You should have included a few more years in your graph. This tells (http://data.bls.gov/servlet/SurveyOutputServlet) a little different story doesn't it? Looks like Bush the first gave Mr Clinton a little present when he left office didn't he? I also notice that the unemployment rate dropped dramaticly during Bill's FIRST TERM in office.

[Zil]

You should have included a few more years in your graph. This tells (http://data.bls.gov/servlet/SurveyOutputServlet) a little different story doesn't it? Looks like Bush the first gave Mr Clinton a little present when he left office didn't he? I also notice that the unemployment rate dropped dramaticly during Bill's FIRST TERM in office.


Did I disagree that the unemployment rate went down under Clinton? No.

You can go look up all the figures, as I looked back all the way to 1993, when Clinton started. Nice link that doesn't work by the way.

You seem a bit angry lately, did you try to quit smoking too?

[ilovetheusers]

You should have included a few more years in your graph. This tells (http://data.bls.gov/servlet/SurveyOutputServlet) a little different story doesn't it? Looks like Bush the first gave Mr Clinton a little present when he left office didn't he? I also notice that the unemployment rate dropped dramaticly during Bill's FIRST TERM in office.


Notice

Friday, September 3, 2004 4:38 PM

Sorry, survey does not exist. If you need to contact someone about the program or its data, please send a message to the data questions e-mail address below or call the phone number below.

[jitBob]

My apologies that the link doesn't work now. Same site as Zils', I just added the years from 1991.

Nothing personal there Zil. I just can't stand to see people blindly follow anyone or any political party. Don't just spit out party platitudes, think! You are young, open your eyes, its' a big world out there and only a fool stumbles blindly in the dark.

[thirdfey]

jitBob, this will prive your point more http://www.bls.gov/cps/prev_yrs.htm although it doesn't do a month by month breakout

[Zil]

My apologies that the link doesn't work now. Same site as Zils', I just added the years from 1991.

Nothing personal there Zil. I just can't stand to see people blindly follow anyone or any political party. Don't just spit out party platitudes, think! You are young, open your eyes, its' a big world out there and only a fool stumbles blindly in the dark.

Nothing personal taken, but please keep in mind that I am not a lock-step follower of Bush and although I might be a bit younger than you, my opinions and outlooks on life are still as valid as yours.

[jitBob]

Nothing personal taken, but please keep in mind that I am not a lock-step follower of Bush and although I might be a bit younger than you, my opinions and outlooks on life are still as valid as yours.I understand. Anyway you look at it I have the advantage of being old enough to have been politicly active during the nixon and reagan presidency's. I really don't want any more of that stuff. But here it is all over again and worse than any time I recall except the nixon years.