Discussion for article #229923
Total US private-sector jobs:
.
-Obama enters office: …111,397,000
-Now: …117,766,000
(Net under Obama: …+6,369,000 gained)
.
-Bush enters office: …111,859,000
-Bush leaves office: …111,397,000
(Net under Bush: …-462,000 lost)
.
See for yourself: http://data.bls.gov/timeseries/CES0500000001
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Unemployment rate:
.
-Obama enters office: …7.8%
-Now: …5.8%
-Reagan enters office: …7.5%
-This point in Reagan’s term: …6.9%
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214,000 new jobs this month plus 31,000 in upward revisions from August ad September. That’s a total of 245,000 new jobs. Add to that the fact that wages rose an average of 3¢ an hour (to $24.57 an hour) and the average workweek increased .1 hours (to 34.6 hours) so no one can argue that these were all part time minimum wage jobs.
What’s more, it isn’t just the official unemployment rate that’s dropping. All measures of labor underutlization (U6) has been declining steadily. The economy is improving and has been improving for years. Few can deny this though some will try anyway.
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Wingnuts everywhere: These numbers have been faked by the government to make Obama look good. Also, if at any point in the next two-years unemployment starts rising, it will only because the numbers have been faked by the government to make Republicans in Congress look bad. Also, these numbers are purely coincidental and have nothing to do with Obama, but if these numbers continue they totally prove that the Republicans in Congress are awesome. In conclusion, truthiness.
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They’re “faked” to the extent that the published rate does not reflect those who have dropped out of the job mkt.
Also does not show wage stagnation,
Objective measures of improvements in the economy just aren’t seen and certainly are not felt by the average family. They’re not felt by college grads who can’t find work, nor by families just getting by with multiple minimum wage jobs.
This was a major factor in the defeat of the Dems.
Yes, it is the economy, the economy, the economy.
It would seem the main reason everyone thinks the economy is bad is the media repeats that 24/7 through Fox with the rest basically reporting what Fox says. In addition, as has been said on various other story comments, the Dems did not stand up and shout about their accomplishments.
Protect your money in a safe place. Republicans equal Recessions.
Benghazi ISIS ebola death panel war on Christmas <— Repeat those words or some combination of those words over and over and over, and make sure the manufactured outrage stays at peak intensity at all times. And soon enough we’ll have another Republican dominated government to fuck all those positive numbers up again. This is actually a positive thing to some people.
There is no hope 
Actually, if you read the BLS report, they DO account for those who’ve dropped out and those who’ve dropped back in. Not in the gross numbers, but in the commentary just under the big numbers.
Unemployment numbers would not reflect wage stagnation because the two are different things, as they would be if unemployment were going up and wages (for those working) were, too.
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Real wages haven’t risen in 30 years, so by that standard, every congressional majority since 1980 should have been thrown out every 2 years.
This is where we have been and where we will continue to be for the foreseeable future. It’s the price of a globalized world which has brought hundreds of millions in Asia and Latin America out of poverty. Neither party here has a solution nor does any party in any other developed country, since they have all experienced the same thing. That. my friend, is the honest truth.
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Well, Republicans actually do have a solution. They’re going to give the rich more tax cuts.
No, no seriously, it’s totally going to work this time!
Yes, and increased automation and higher productivity means employers can do more with fewer workers – it’s a feature, not a bug.
Nearly 60 percent of voters said they thought the economy was stagnating or worsening. Only one-third saw it as improving.
This is the responsibility of “the press”. They simply failed in informing people. Sure, Dems and Obama can talk about it, but their job is governing which they did as the numbers show, the press’ job is informing the populace, which they failed to do as the numbers show.
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