BREAKING - Horrible employment report just out - Only 38,000 jobs created in May

christiefan915 said:
:rolleyes: Yes, we want to live through that free fall again.

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)


1-Month Net Change Series Id: CES0000000001
Seasonally Adjusted
Series Title: All employees, thousands, total nonfarm, seasonally adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS

latest_numbers_CES0000000001_2006_2016_all_period_M05_net_1mth.gif
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Since we can't go back in time we'll never know if it would have been better or worse under another President. What we can do is look at this recovery from a historical context and compare it to other recoveries. From that perspective it's been ok but not particularly great.
 
cawacko said:
Since we can't go back in time we'll never know if it would have been better or worse under another President. What we can do is look at this recovery from a historical context and compare it to other recoveries. From that perspective it's been ok but not particularly great.
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It was in response to Pmp's comment "I wish we could go back to the December, 2008 economy and have a do over." The economy was tanking throughout 2008, why would we want to go back to then?
 
christiefan915 said:
It was in response to Pmp's comment "I wish we could go back to the December, 2008 economy and have a do over." The economy was tanking throughout 2008, why would we want to go back to then?
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Because that's right around when Obama got elected/took office.
 
christiefan915 said:
And the line on the graph started to rise?
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I'll repost my prior comment in response:

Since we can't go back in time we'll never know if it would have been better or worse under another President. What we can do is look at this recovery from a historical context and compare it to other recoveries. From that perspective it's been ok but not particularly great.
 
cawacko said:
I'll repost my prior comment in response:

Since we can't go back in time we'll never know if it would have been better or worse under another President. What we can do is look at this recovery from a historical context and compare it to other recoveries. From that perspective it's been ok but not particularly great.
Click to expand...

Then we're talking about two different things. I was looking at the chart pre-recovery and wondering why anybody would want to go back to those days.
 
christiefan915 said:
:rolleyes: Yes, we want to live through that free fall again.

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)


1-Month Net Change Series Id: CES0000000001
Seasonally Adjusted
Series Title: All employees, thousands, total nonfarm, seasonally adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS

latest_numbers_CES0000000001_2006_2016_all_period_M05_net_1mth.gif
Click to expand...
lol....how long did you have to look to actually find a statistic that didn't make Obama look like a nightmare.....what actually IS a "1-Month Net Change" in Employment, Hours, and Earnings?......is it a change in employment or a change in earnings or a change in hours?......maybe it has to be a change in all three combined.........or is it just a change in how many statistics they are changing?.....
 
christiefan915 said:
And the line on the graph started to rise?
Click to expand...
representing what.....an increase in employment?....we know that isn't true.....unemployment went from 7% to nearly 12% in 2009.....earnings?......all we heard was the lack of jobs paying as much as they did before......that leaves hours.....so Obama was successful in increasing the number of hours people worked to earn the same amount of money they earned before?.......
 
PostmodernProphet said:
obviously so we do it right the next time......
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I'm not sure you're allowed to have it both ways.

I don't think you were posting here then - but every rightie on this board was talking about the disaster it would be if Obama got the stimulus passed. The market was going to crash further; layoffs were going to increase; growth was going to be negative for years. We would be in a legit Depression.

Now, I'd be genuinely shocked if you told me you didn't join that chorus. I don't think there is any way possible that you weren't one of those conservatives, who predicted doom with Obama.

It's been a slow recovery, but obviously, the results have been the opposite of what "you guys" (and I feel very comfortable lumping you in w/ that group) predicted. I don't think you're allowed now, after being so wrong, to complain an actual recovery being weaker than it should have been, when you didn't even see a recovery on the horizon.
 
PostmodernProphet said:
are you pretending it wasn't?.......it took us six years to recover from that fuckup.......
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Oh - why didn't you say you had no understanding of economics? No point talking to you.

The economy was crashing. The stimulus turned it around. The private sector then took over. That's the beginning & end of the whole story.

You are economically illiterate. All of your opinions on the economy are informed by nothing more than knee-jerk partisanship.
 
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