September Jobs Report

Great news for the economy, with a gain of 248,000 jobs and the unemployment rate down to 5.9%. The August number was also revised upward to 180,000 jobs:

http://www.businessinsider.com/september-jobs-report-october-3-2014-10

Great news for the economy, with a gain of 248,000 jobs and the unemployment rate down to 5.9%, the lowest point since the 2008, but people not in the labor force, rose to a new record high of 92.6 million. - you kinda forgot that part.

If more people would just quit working and go on the dole, we can get that darn unemployment rate to 1%.

ZeroHedge "The Economy is Busted and Stocks Are In a Bubble. End of Story" 10/03/2014

Does this sound like a strong economy?

1) The labor participation rate is at a 36 year low.

2) Median income is down over $4K since 2008.

3) 47% of US households receive some form of social spending from the US Government.

4) One in five US households are on food stamps.



Yes-Sir-Ree.  – things are going swimmingly.

An aging population will have less people working, that's only common sense, but the reality is the economy is getting better. We saw a 4% growth this past quarter and we're averaging a net gain of 200 thousand jobs a month. This all happened without an ounce of help from the Republicans, so with a positive growth next year and continuing lower unemployment, things should work out very well for Hillary as she starts up her campaign. The Republicans are running out of ways to crash the economy and it's all going to come back to bite them.

It's hard to accelerate the median income when the majority of income gains and wealth are going to a very few people near the top. It's the return of the Great Gatsby era, and that's not good news!

Your “common sense” is once again WRONG.

BLS:

Decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline. The participation rates of older workers are projected to increase, but remain significantly lower than those of the prime age group. A combination of a slower growth of the civilian noninstitutional population and falling participation rates will lower labor force growth to a projected 0.5 percent annually

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Employment Level for 65+ increased 256,000 jobs from 7,776,000 to 8,032,000.

Even the 75+ crowd picked up 44,000 jobs

Since you want to give full credit for this so called “good news”, what was the voodoo spell that Barack cast that caused this?

There isn’t a dam piece of legislation passed by Obama that would have reversed this course. Even his stimulus bill, didn’t get implemented until well after the economic collapse occured and the economy started reversing.

News Buzzard wrote:It's hard to accelerate the median income when the majority of income gains and wealth are going to a very few people near the top. It's the return of the Great Gatsby era, and that's not good news!

So who's fault is that?

You're totally wrong about the stimulus, quantitative easing and the application of TARP to the automotive industry. Once again it's you up against Paul Krugman, who won a Nobel Prize in Economics. I'll agree with Krugman, thank you, and if you think it's OK for a CEO to be making 300 times what his/her employees are making, and even more, there's no point in even talking to you. I'll stick with the numbers as they come out, and if there were only 100 thousand jobs created you would have been all over this forum bashing Obama. (You do that anyway) Take a look around, it's easy to spot an improving economy when people are out there spending money, and you won't stand a chance against Hillary because the unemployment rate will be down near 5% when she takes office!! That's only common sense!!!

Obama “won" the Nobel Peace Prize.  How is that working out?

Why do CEOs make so much?  Why are corporate profits so high?

When government makes competition more difficult (think more regulations) you get less companies doing more, and thus their profits go up and everyone else is in the toilet.

People like you applaud the downhill slide because they "appear" to be doing something worthwhile for the working class.  But what you are really doing is endorsing policies that will inevitably give us this result.  The rich get richer and the middle class takes the hit.


248,000 jobs created while 315,000 leave the workforce.

The biggest increase appears to be in part time retail sales and the service industry.  I guess it's a good thing the US has so many highly skilled cash register operators.

It could have been worse.  With Obama at the helm, we should be happy its’ not negative number.

Democrats have such low standards

Here is an objective look at the whole picture:

http://www.huffingtonpost.com/chad-stone/the-september-jobs-report_b_5927418.html

The bottom line is that the job losses as a result of the recession have been erased, and the Republicans did absolutely nothing to help out! Their existence is all about trashing Obama, and that's too bad!

Nobody's applied Jimmy Carter's employment calculus to today's news.




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From the Economic Policy Institute:

Solid Jobs Growth in September, but Wages Need to Pick Up

By Elise Gould | October 3, 2014

Total payroll employment increased by 248,000 in September, according to the BLS Employment Situation report released this morning. This is a welcome increase after last month’s disappointing numbers. In addition, the August and July numbers were revised upwards by 38,000 and 31,000, respectively. It appears that last month’s reported numbers were both undercounted and simply a blip in the trend, as job growth has picked up again.

One notable downside is that wages grew not at all in the last month. While one shouldn’t read too much into one month, wage growth has been hovering around a sluggish 2 percent over the last year. This is a clear indication that the Federal Reserve should hold off on any efforts to slow the economy down.

Carter, no longer the worst President:

"The current labor participation rate has gotten so bad, that our nation has not had a smaller percentage of people in the labor force since February, 1978, when Jimmy Carter was President.

In response to the BLS Report, Generation Opportunity releases monthly Millennial (18-29 year olds) Jobs Report and identified that Youth Unemployment at 14.9% in September.

The declining labor force participation rate has created an additional 1.955 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.

Also, the effective unemployment rate for 18-29 year old African-Americans is 22.3 percent. http://arkansasgopwing.blogspot.com/2014/10/underlying-truth-about-bls-september.html

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In Jimmy Carter's day a lot of women were still stay at home moms. They stayed at home because they wanted to not because they couldn't find work.