Jobless rate falls to 7.8 %

[BlueStreak]

Originally Posted by piece-itpete

It'll become the 46%

It's very good news for us, and good news for Obie, I hope it's, um, straightforward. At this point I'd be leery of anything like this from both sides though.

It has felt like things are getting better.

Pete

Yes, but I'd be even more leary of unsubstantiated negative kneejerk reactions to such news. The GOPs constant doomsday predictions and "Everything you hear is a lie unless it comes from us." mantra is bound to wear thin sooner or later with all but their most die hard adherents.

Regards,
Dave

[BlueStreak]

Originally Posted by piece-itpete

Brother, not here in Cleveland. There are small areas gentrified but very very little even today. You guys in the fancy cities, that's different

Some of the working poor benifited, the few that bought their homes, but it was mostly the landlords & flippers that made the cash, my take. Although some flippers got burned too.

Pete

The flipper who bought my last house after I flipped it, got burned.
I walked away with a check $109,000.
It seems August of 2005 was best time to sell a house.....After that, not so much.

Regards,
Dave

[JBS...]

Wow.... 144K

Indeed truly great news... at this pace It will only take 8.3 years to get back to 5%


The avg unemployment rate from 2005 to the end of 2008 (which was Bush's 2nd term) was....5.1%

[Boreas]

Originally Posted by piece-itpete

Brother, not here in Cleveland. There are small areas gentrified but very very little even today. You guys in the fancy cities, that's different

Some of the working poor benifited, the few that bought their homes, but it was mostly the landlords & flippers that made the cash, my take. Although some flippers got burned too.

Pete

Baltimore ain't no fancy city, hon! That's where I lived then and that's what happened there.

John

[BlueStreak]

Originally Posted by JBS...

Wow.... 144K

Indeed truly great news... at this pace It will only take 8.3 years to get back to 5%


The avg unemployment rate from 2005 to the end of 2008 (which was Bush's 2nd term) was....5.1%

And here it is, at it's worst.

The last three months of Bush's term we were losing up to a three quarter million jobs a month, you dork.

I'm still waiting for the second dip that was supposed to happen three years ago.....where is it?

The best thing that will ever happen to this country will be the day the last teabagger idiot packs up his tricorner hat and goes back to Pig Knuckle to breed with his sister.

Regards,
Dave

[piece-itpete]

Baltimore eh? THAT explains it! Just kidding. There is one part of Cleveland that pretty well gentrified, but not til they closed the projects and turned them into condos, the Tremont area. It's not very big.

Originally Posted by BlueStreak

The flipper who bought my last house after I flipped it, got burned.
I walked away with a check $109,000.
It seems August of 2005 was best time to sell a house.....After that, not so much.

Regards,
Dave

Awesome Drinks on Dave?

Pete

[JBS...]

Originally Posted by BlueStreak

And here it is, at it's worst.

The last three months of Bush's term we were losing up to a three quarter million jobs a month, you dork.

I'm still waiting for the second dip that was supposed to happen three years ago.....where is it?

The best thing that will ever happen to this country will be the day the last teabagger idiot packs up his tricorner hat and goes back to Pig Knuckle to breed with his sister.

Regards,
Dave

Dork... now that hurts.

[bhunter]

We're still going backwards regardless of the so-called unemployment rate. This from BLS:

Total nonfarm payroll employment increased by 114,000 in September. In 2012, employment growth has averaged 146,000 per month, compared with an average monthly gain of 153,000 in 2011. In
September, employment rose in health care and in transportation and warehousing. (See table B-1.)

Health care added 44,000 jobs in September. Job gains continued in ambulatory health care services (+30,000) and hospitals (+8,000). Over the past year, employment in health care has risen by 295,000.

In September, employment increased by 17,000 in transportation and warehousing. Within the industry, there were job gains in transit and ground passenger transportation (+9,000) and in warehousing and storage (+4,000).
http://www.bls.gov/ces/

I think the growth in healthcare employment strongly correlates with the aging population and transport/warehousing perhaps being related to pre-Christmas and back-to-school. Moreover, the number of jobs were lower than what most predicted yet the rate decreased. I'm not sure I'd be jumping for joy now that 206 more people are employed today than were in August.

[Boreas]

Originally Posted by JBS...

Wow.... 144K

Indeed truly great news... at this pace It will only take 8.3 years to get back to 5%


The avg unemployment rate from 2005 to the end of 2008 (which was Bush's 2nd term) was....5.1%

You people are really amazing. Your capacity for self delusion is positively staggering.





I had a conversation just a little while ago with the Teabagger that runs the garden shop at the corner. She brought up the unemployment figures and, of course, parroted the Right Wing talking point that they were fake.

I said that, yes, I'd been hearing that since about 15 minutes after the Labor Dept. released the numbers, far too soon for there to be any evidence to support the claim. (There still isn't.)

Her response was that she could have told me 6 months ago that Obama would release fake unemployment figures right before the election.

I said, "So, the fact that it's good news makes it false?"

She just said, "I don't believe it."

So, then I said, "Look, I'm not married to either one of those guys. If these numbers are proven to be bogus, I'll be the first to admit it."

Her response was to say, "I'm gonna hold you to that."

I then asked her if she would admit it if the numbers turned out to be true.

Her reply was, "I don't think that's going to happen."

Groan.............

John

[Boreas]

Originally Posted by bhunter

We're still going backwards regardless of the so-called unemployment rate. This from BLS:

A temporary reduction in the rate of growth is not moving backward.

I think the growth in healthcare employment strongly correlates with the aging population and transport/warehousing perhaps being related to pre-Christmas and back-to-school. Moreover, the number of jobs were lower than what most predicted yet the rate decreased. I'm not sure I'd be jumping for joy now that 206 more people are employed today than were in August.

We've been an aging population for decades. What's new? Obamacare is new. Clearly it's a benefit to the overall economy as well as to the overall health of the people.

John