Discussion:

Discussion for article #230849

Yes, but…

Facts about good economic news can’t be processed by the bunch who long ago decided that Barack HUSSEIN Nobama is the worstest, blackest President ever.

Exactly! I cannot WAIT to scour the media and NOT find a WORD of this! When it silently is discussed, it will be roundly dismissed as a fluke, too little too late, or only half as good as Mitt Romney would have done! It’s all so predictable!

All the more reason to thumb his nose at the new Republican majorities and their “jobs bills”.

“Unemployment Remains The Lowest Of Obama’s Presidency”

And the right wing howwwwls in disbelief…

Before some idiot comes on here and claims that this is Christmas hiring, BLS seasonally adjusts their numbers to reflect variations in employment. With that in mind, this was an excellent report all around.

How many of those jobs are full time and pay more than $12 an hour?

In my best Megyn Kelly voice:

“These good job numbers are a clear indication that businesses hired last month, because of the outcome of the midterm elections. We know that corporations held back hiring, until they had the certainty, that the GOP controlling both chambers would insure that the evil, socialist, imperialist, dictator Obama could no longer stifle growth, by unilaterally enforcing more regulations on the business sector.”

I think we all know by now, that the talking heads over at Fox have to have some way for the GOP to take all of the credit for these great job numbers, so it will either be BS like that, or their old fall back excuse, that Obama cooked the books.

…and the FauXians will claim it’s because of Xma$…

The Rea$on for the $ea$on

Don’t know. The article acknowledges that some of them are seasonal hires. It also says that September and October numbers were revised upward by 44,000. Not likely that those are seasonal. The article also says:

“But the hiring also extended across many other parts of the economy. Manufacturers added 28,000 jobs, the most in a year. Education and health services added 38,000. And professional and business services, a category that includes temps but also higher-paying jobs in fields such as accounting and engineering, gained the most in four years.”

Right there is a likely 100K+ full time jobs at $12+/hour.

Most of the jobs are still the low end type that have little effect on economic growth. The average wage hardly moved, not a good sign of returning prosperity for workers. Almost all the FedEx and UPS jobs are for the holidays, and are part-time with no benefits. 38,000 new manufacturing jobs is a nice start, but that’s .02% of the adult population. Considering the US adds over 100,000 a month to the adult population just by kids turning 18, this is not real progress. By comparison, the mid-80s had average monthly job growth over 200,000 for several YEARS. And wage growth was far higher than 2% Considering it is six years since the end of the official recession, this is nothing to brag about.

Look at the rise in hourly pay. That should answer it for you.

The BLS adjusts for seasonal employment. Look at the rise in hourly pay.

One month is nothing. The annual growth is barely ahead of inflation. Big whoop.

Again, you need 100,000 jobs to keep up with population growth. And less than a third of the jobs fit the bare minimum of good work. When the average wage is $26, bragging that a third of the job growth is over $12 is hardly something to cheer about, unless you take it in relation to the even poorer performance of previous years.

Face it, this is the longest period of slow growth in the economy since the Great Depression, and it isn’t over yet. BTW, one factor I would like to see analyzed is what percentage of that growth was in the oil and gas business, versus how much from the alternatives the Administration promoted and spent billions on in the first term.

I supported what I said with numbers from that article. So far,in this thread you’ve stated nothing but unsubstantiated opinion. I’m sure somewhere out there are sources with real numbers that could answer your questions or substantiate your claims. This is a comments forum for a TPM article. The burden of proof for your rebuttal is yours.

Let’s see…
My comment on the poor wage growth is entirely based on this article, that says the year to year number is barely above inflation. My comments on the value of the current job growth is based on the article and your response to me. The comments about job growth in the Reagan administration and now come directly from the Bureau of Labor Statistics. Are you claiming the economy is NOT adding about 100,000 potential workers a month?

Face it, the work environment is at the lowest participation rate since Carter, hundreds of articles have been posted on it, and this is a little good news, but hardly the dawn of galloping prosperity.

You’re not posting sources to verify your claims. You haven’t been a member and poster here long enough for me to take what you post at face value.

oldgrouch - are you Darcy’s reincarnate?

Unless it’s Darcy under an assumed name. Sure sounds like him