Political Forums

Political Forums (http://www.politicalchat.org/index.php)
-   Economy (http://www.politicalchat.org/forumdisplay.php?f=27)
-   -   Jobs Report +321,000 (http://www.politicalchat.org/showthread.php?t=8455)

bobabode 12-05-2014 09:56 AM

Jobs Report +321,000
 
http://www.washingtonpost.com/blogs/...t-5-8/?hpid=z1

BlueStreak 12-05-2014 10:06 AM

YEAH, WELL MY CRIMINALLY INSANE NEIGHBOR STILL DOESN'T HAVE JOB. FUCKIN' OBAMA!:rolleyes:

Dave

MrPots 12-05-2014 04:59 PM

Wow...and the stock market made new highs today.

This is horrible..a prime example of why we need to impeach Obama.

bobabode 12-05-2014 05:06 PM

Where's Whelly to tell us we've got it all wrong? ;)

Tom Joad 12-05-2014 05:09 PM

Quote:

The U.S. economy added 321,000 jobs last month, according to government data released Friday morning, in what may be the most assertive sign to date that the labor market is returning to pre-recession health.

November’s numbers cap the best three-month period of labor market expansion since the financial crisis and keep the country on track for a year of job growth unseen since the late 1990s.

The unemployment rate kept steady at 5.8 percent, its lowest mark since July 2008, according to the report from the U.S. Department of Labor.
Th baggers will say that this is due to their winning back the Senate.

bobabode 12-05-2014 05:09 PM

Quote:

Originally Posted by MrPots (Post 251504)
Wow...and the stock market made new highs today.

This is horrible..a prime example of why we need to impeach Obama.

Plus he put some heathen symbol on the White House lawn, I heard. :rolleyes:

https://encrypted-tbn0.gstatic.com/i...zZ_fVOWd6gYQfc

JJIII 12-05-2014 05:22 PM

Quote:

Originally Posted by bobabode (Post 251510)
Plus he put some heathen symbol on the White House lawn, I heard. :rolleyes:

https://encrypted-tbn0.gstatic.com/i...zZ_fVOWd6gYQfc


Ho, Ho, Ho!:)

finnbow 12-05-2014 05:25 PM

Best job numbers in 15 years. It's Obama's fault.;)

It's a shame the Dems were afraid to run on their record.:confused: Chickenshit behavior like that deserves to lose elections.

MrPots 12-06-2014 09:02 AM

Quote:

Originally Posted by bobabode (Post 251510)
Plus he put some heathen symbol on the White House lawn, I heard. :rolleyes:

https://encrypted-tbn0.gstatic.com/i...zZ_fVOWd6gYQfc

He'd better call that damned thing a "Christmas tree" or all hell will break loose..... :rolleyes:

whell 12-06-2014 10:02 AM

Quote:

Originally Posted by finnbow (Post 251514)
Best job numbers in 15 years. It's Obama's fault.;)

It's a shame the Dems were afraid to run on their record.:confused: Chickenshit behavior like that deserves to lose elections.

From the WaPo Story:

The average American last month took home $853.24 per month — a 2.4 percent increase from the $833.18 figure of a year earlier — partly because of working longer hours.

Assuming that's the take home pay of a FT worker / 40 hours per week, that's an average of about $5.34 per hour of take home pay.

However, maybe this is why the Dems didn't want to run on their record:

http://www.cnbc.com/id/102243878

A few figures to consider: That big headline number translated into just 4,000 more working Americans. There were, at the same time, another 115,000 on the unemployment line. That disparity can be explained through an expanding labor force, which grew 119,000, though the participation rate among that group remained at 62.8 percent, which is just off the year's worst level and around a 36-year low.

Also:

The jobs that were created skewed heavily toward lower quality. Full-time jobs declined by 150,000, while part-time positions increased by 77,000.

Tom Joad 12-06-2014 10:11 AM

Quote:

Originally Posted by whell (Post 251583)
From the WaPo Story:

The average American last month took home $853.24 per month — a 2.4 percent increase from the $833.18 figure of a year earlier — partly because of working longer hours.[/I]

Wages are low, but not that low.

There is something wrong with those numbers.

I suspect it's a misprint and the $853 per month is actually $853 per week.

That's more in line with this;

http://www.ssa.gov/oact/cola/AWI.html

Quote:

The national average wage index for 2013 is 44,888.16. The index is 1.28 percent higher than the index for 2012.

finnbow 12-06-2014 10:15 AM

Quote:

Originally Posted by whell (Post 251583)
From the WaPo Story:

The average American last month took home $853.24 per month — a 2.4 percent increase from the $833.18 figure of a year earlier — partly because of working longer hours.[/I]

On its face those numbers seem bad, but when you consider the fact that inflation was 1.5% during that period, it ain't so bad.

Tom Joad 12-06-2014 10:33 AM

Here's some more data on average earnings from the BLS.

http://www.bls.gov/news.release/wkyeng.nr0.htm

The more I look at this the more I think the $853 is total weekly wages not monthly take home pay.

merrylander 12-07-2014 09:36 AM

Quote:

Originally Posted by Tom Joad (Post 251584)
Wages are low, but not that low.

There is something wrong with those numbers.

I suspect it's a misprint and the $853 per month is actually $853 per week.

That's more in line with this;

http://www.ssa.gov/oact/cola/AWI.html

Even so if $853 is take home and yearly is $44,000 then the total tax looks close to $4,000.

MrPots 12-07-2014 09:47 AM

Quote:

Originally Posted by Tom Joad (Post 251589)
Here's some more data on average earnings from the BLS.

http://www.bls.gov/news.release/wkyeng.nr0.htm

The more I look at this the more I think the $853 is total weekly wages not monthly take home pay.

That's what I get out of it too. You can knock off about 30% for take home. (then there's probably another 10 - 12% in taxes grabbed after that.

Grumpy 12-11-2014 11:20 AM

Not sure where this report was sampled from but come visit Michigan. Things are much different here. You can hardly find a burger flipping job.

hillbilly 12-11-2014 12:58 PM

So 853 a week is average weekly pay? My god, that means most folks make over 21 per hour? Not here, not even close. There are lots of people driving to another county to make a whopping 9.00hr. The Ford dealer pays mechanics under 10.00 flat rate here.. but charges the customer something like 80+ per hour. Not even a master tech can make even close to 20.00, HERE. Unless of course he has his own shop and can keep his own set rates.

However though, I do hear stories of Ford dealers in other places paying their mechanics good money. You'd think Ford would have a set pay scale and all dealers would follow.

BlueStreak 12-11-2014 02:30 PM

Quote:

Originally Posted by Grumpy (Post 252254)
Not sure where this report was sampled from but come visit Michigan. Things are much different here. You can hardly find a burger flipping job.

Hasn't that been the case since..........about 1973?:rolleyes:

Dave

BlueStreak 12-11-2014 02:32 PM

Quote:

Originally Posted by hillbilly (Post 252271)
So 853 a week is average weekly pay? My god, that means most folks make over 21 per hour? Not here, not even close. There are lots of people driving to another county to make a whopping 9.00hr. The Ford dealer pays mechanics under 10.00 flat rate here.. but charges the customer something like 80+ per hour. Not even a master tech can make even close to 20.00, HERE. Unless of course he has his own shop and can keep his own set rates.

However though, I do hear stories of Ford dealers in other places paying their mechanics good money. You'd think Ford would have a set pay scale and all dealers would follow.

Of course no wage earners there make any money. The unemployment is probably lower than say, Michigan, as well.

See the game.

Dave

BlueStreak 12-11-2014 02:34 PM

Quote:

Originally Posted by finnbow (Post 251514)
Best job numbers in 15 years. It's Obama's fault.;)

It's a shame the Dems were afraid to run on their record.:confused: Chickenshit behavior like that deserves to lose elections.

No shit.................:(:o

Dave


All times are GMT -5. The time now is 12:10 AM.

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2026, Jelsoft Enterprises Ltd.