unemployment drops to 7.8%

[Kershaw]

so... apparently we've recovered better than everyone else in the world?

and apparently unemployment is dropping across the board

http://www.washingtonpost.com/blogs/the-fix/wp/2012/10/19/unemployment-rate-drops-in-41-states-including-most-swing-states/?wprss=rss_the-fix

Among the states seeing a decline in their unemployment rate were:

* Colorado (from 8.2 percent in August to 8.0 percent in September)

* Florida (from 8.8 percent to 8.7 percent)

* Iowa (from 5.5 percent to 5.2 percent)

* Nevada (from 12.1 percent to 11.8 percent)

* North Carolina (from 9.7 percent to 9.6 percent)

* Ohio (from 7.2 percent to 7 percent)

* Wisconsin (from 7.5 percent to 7.3 percent)

[rwh11385]

so... apparently we've recovered better than everyone else in the world?

Well, that's not exactly everyone and most aren't the world's healthiest right now either... but at least we're near par with Germany. They've had some issues in the past being competitive but have experienced a healthy rebirth that hopefully we can use as a model for our future.

http://www.time.com/time/magazine/article/0,9171,2055176,00.html

There is no particularly special technology needed to make a chainsaw. It's really just plastic and metal parts screwed together with old-fashioned nuts and bolts. The Chinese already make chainsaws. But that hasn't stopped German power-tool manufacturer Stihl from selling its made-in-Germany chainsaws around the world, even though its top-end models are among the priciest on the market. In fact, 86% of the products Stihl makes in its high-cost German factories are exported. How Stihl manages that says a lot about the impact a revived German economy is having on Europe and the world — both good and bad.

The family-owned firm, based near Stuttgart in Germany's south, could shift more production to its lower-wage factories in China and Brazil, but management is committed to manufacturing many of its most advanced products at home. In contrast to the American habit of outsourcing as much as possible, about half the parts in a German-made chainsaw — from the chain to the crankshaft — are produced in Stihl factories, and many of them are made in Germany. And instead of laying off staff during the Great Recession, as so many U.S. firms did, Stihl locked in highly trained talent by offering full-time workers an employment guarantee until 2015. Stihl even added specialists to its product-development team during the downturn. The result is high-quality products that command price tags big enough — professional Stihl chainsaws cost as much as $2,300 in Germany — to make manufacturing profitable even with the nation's high wages. U.S. companies "don't try hard enough to keep production inside the country," says Stihl chairman Bertram Kandziora.

Even though the charts may not be totally inclusive of all the countries and how they have dealt with the financial crisis, it underlines the notion that regardless of how the nation recovers, the RWNJ are bound to deny it or state that their way would have done it better.

The true irony is that companies and businesses and people don't necessary wait for permission to recover, that RWNJ are questioning what the administration may be doing even though they themselves want less government involvement and used to like "laissez-faire"... housing is recovering, people are being responsible but spending, and companies are hiring... although not "good enough", "fast enough" for some people. But compared to WHAT? Expecting to leap out of such a bad recession is ridiculous. We can do things to foster growth, but the most important thing is for Congress to stop standing in the way and allow businesses and people to know what the fiscal reality will be in 2013.

[gwb72tii]

Thank you Patrick.





Once again, complete lack of data to back up your claims leave you free to mislead with broad statements. I guess I don't see today the same as 2009... but maybe the chart looks different to a RWNJ.

Come on, it's not that hard to read your own chart is it?
Look at what would be 2009 on the chart you posted Rwh
and then compare it to today
Your chart actually shows an increase since 2009

[BraveUlysses]

http://www.youtube.com/watch?v=_GS_pvhcI5c

[Kershaw]

oh snaps. what a scandal!

[rwh11385]

Come on, it's not that hard to read your own chart is it?
Look at what would be 2009 on the chart you posted Rwh
and then compare it to today
Your chart actually shows an increase since 2009

Come on. Do you want to accurately portray reality, or be like fox news?

Yeah, you can be close-minded and stubborn to try to judge from a chart that it has increased since 'where 2009 would be' or even could ACTUALLY LOOK AT THE DATA to find the single month in 2009 that was lower than today (which was January... when the full effects of the recession wasn't yet felt). But, you said:

U6 unemployment is a better statistic and shows absolutely no job growth since 2009

Since means in the time after 2009, and during 2009 was the rise as mentioned and the peak. Parts of 2008 weren't even that high compared to peak. So clearly you can take numbers out of context, but doesn't fairly represent reality.

2008-01-01 9.2
2008-02-01 9.0
2008-03-01 9.1
2008-04-01 9.2
2008-05-01 9.7
2008-06-01 10.1
2008-07-01 10.5
2008-08-01 10.8
2008-09-01 11.1
2008-10-01 11.8
2008-11-01 12.7
2008-12-01 13.5
2009-01-01 14.2
2009-02-01 15.1
2009-03-01 15.7
2009-04-01 15.8
2009-05-01 16.4
2009-06-01 16.5
2009-07-01 16.5
2009-08-01 16.7
2009-09-01 16.8
2009-10-01 17.2
2009-11-01 17.1
2009-12-01 17.1
2010-01-01 16.7
2010-02-01 16.9
2010-03-01 16.9
...

Sorry U6 isn't where it was before the recession yet, or where it was in 2009 before the largest losses of employment, but it is improved from its 2009 peak and has improved since where it was at the end of 2009... regardless of how absolutely blinded you are by hatred for the administration so you can't even objectively understand anything.

Yes, there's a long way to get back to 8% U6, but being completely ridiculous all the time with total disregard for reason won't help.

[gwb72tii]

thank you for showing i'm right, LOL
what i see is a start in 2009 of 14.2, and today the latest is 14.7

http://portalseven.com/employment/unemployment_rate_u6.jsp

so basically, the economy is shit and there has been no job creation since the messiah took his throne

[rwh11385]

thank you for showing i'm right, LOL
what i see is a start in 2009 of 14.2, and today the latest is 14.7

http://portalseven.com/employment/unemployment_rate_u6.jsp

so basically, the economy is shit and there has been no job creation since the messiah took his throne

No I showed that you are a pathetic close-minded RWNJ who doesn't care about reason.

Were the months of job losses when Obama took office his fault? Or the result of the crisis from years of pushing people into homes and FAs promising their clueless clients that mortgage-backed securities were a good investment so they could make a buck.


Since Jan 2009, the losses turned into job growth and U6 has steadily been reduced since its peak. GWB's last month was at the peak for job losses and although 2009 saw reductions in job losses, more people losing than gaining means generally a worse unemployment rate. Once it became positive, job growth has been slow and steadily improving unemployment numbers. But the hole dug - Obama didn't build that. Although the economy since then has been pulling us all out of it since then.

I know that takes more advanced thinking than you are capable of but being a simpleton doesn't mean you are going to convince others to think on your lowered level.

[gwb72tii]

go ahead and pull the lever for the messiah rwh, be my guest
obama dug the freaking hole deeper, and it is testament to the fact your an economist with his head in the books and no common sense
in fact your very similar to a friend we went to europe with. he's brilliant, a phd botanist, but cannot read a map or figure out where is is.
i made a simple statement. U6 is where it was at in 09. you proved me right and then tried to change the argument, as you do with others.

[rwh11385]

go ahead and pull the lever for the messiah rwh, be my guest
obama dug the freaking hole deeper, and it is testament to the fact your an economist with his head in the books and no common sense
in fact your very similar to a friend we went to europe with. he's brilliant, a phd botanist, but cannot read a map or figure out where is is.
i made a simple statement. U6 is where it was at in 09. you proved me right and then tried to change the argument, as you do with others.

I'm not voting for Obama, you simple-minded old fart. I know it is not possible for you to comprehend that some people's desire for truth and reason are above any desire to mislead people in support of the preferred candidate. But you obviously are comfortable with misleading people. You do it for a living. And that is also why you like Fox News and other bullshit sources that put information that they like and want to spread above honesty or accuracy.

How did Obama dig the hole deeper? Please explain that. That there was still job losses from the recession when he took over, even if they reduced since his entry and turns in the same year to job growth?

Your? or Youre? Is is? Anyway, I was able to find my way around Europe fine the times I visited, but it's funny that you are trying to talk down about someone else's sense when you have absolutely none - or talking shit about some random person to insult me. Pathetic.

You made a statement about U6 not improving since 2009, not mentioning the first time that you wanted to try to cherry pick since OB took over and inherited the shit you and buddies on wall street made. "Oh trust me, this is a good investment, I've been doing this for 25 years and you haven't"

[rwh11385]

Here's a simple question, if you want to be so simple-minded to only look at a chart and single statistic, would you re-elect this president or not?

[gwb72tii]

congratulations rwh
and people wonder how economists are never right LOL
so now going from 14.2 to 14.7 on U6 is a decrease?

[rwh11385]

congratulations rwh
and people wonder how economists are never right LOL
so now going from 14.2 to 14.7 on U6 is a decrease?

Going from 17.1 to 14.7 is a decrease. That's what happened since 2009.

Did you answer any of the questions I asked, or were they took challenging for you? Particularly this one:

Here's a simple question, if you want to be so simple-minded to only look at a chart and single statistic, would you re-elect this president or not?

[gwb72tii]

change the argument
just like a girl LOL

[BraveUlysses]

Even Bill Clinton can't evade a basic question that well