unemployment woes
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From: NoVA
unemployment woes
http://money.cnn.com/2004/09/03/news...ex.htm?cnn=yes
the unemployment rate is down to 5.4% from 5.5% last month.. that is .2% lower than the unemployment rate was when clinton was running for reelection.
the unemployment rate is down to 5.4% from 5.5% last month.. that is .2% lower than the unemployment rate was when clinton was running for reelection.
un-Touch'd krew
Joined: May 2001
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From: My own level of hell
Selective comprehension is something else.
Yes it is a lower rate than when Clinton sought re-election but then you also have to realize that, " the economy has still lost 1 million jobs since Bush took office in early 2001, meaning Bush is likely to become the first president since the Depression era's Herbert Hoover to complete his term with an overall drop in U.S. payrolls.
"You need about 150,000 new jobs a month to keep even with growth in population," he said. "Taken in proper context, it's just not a very good record."
Not to mention,
Average hourly wages rose 5 cents to $15.77. Over the last 12 months average hourly wages have risen 2.3 percent, not keeping pace with inflation of 3 percent, as measured by the consumer price index, the government's main inflation gauge.
So you can take one small part of the article to make your candidate of choice look better or you can read the entire article. All quotes taken from the very article you posted.
Yes it is a lower rate than when Clinton sought re-election but then you also have to realize that, " the economy has still lost 1 million jobs since Bush took office in early 2001, meaning Bush is likely to become the first president since the Depression era's Herbert Hoover to complete his term with an overall drop in U.S. payrolls.
"You need about 150,000 new jobs a month to keep even with growth in population," he said. "Taken in proper context, it's just not a very good record."
Not to mention,
Average hourly wages rose 5 cents to $15.77. Over the last 12 months average hourly wages have risen 2.3 percent, not keeping pace with inflation of 3 percent, as measured by the consumer price index, the government's main inflation gauge.
So you can take one small part of the article to make your candidate of choice look better or you can read the entire article. All quotes taken from the very article you posted.
__________________
"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
Thread Starter
Sinner
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From: NoVA
Originally Posted by Nightshade
Selective comprehension is something else.
Yes it is a lower rate than when Clinton sought re-election but then you also have to realize that, " the economy has still lost 1 million jobs since Bush took office in early 2001, meaning Bush is likely to become the first president since the Depression era's Herbert Hoover to complete his term with an overall drop in U.S. payrolls.
"You need about 150,000 new jobs a month to keep even with growth in population," he said. "Taken in proper context, it's just not a very good record."
Not to mention,
Average hourly wages rose 5 cents to $15.77. Over the last 12 months average hourly wages have risen 2.3 percent, not keeping pace with inflation of 3 percent, as measured by the consumer price index, the government's main inflation gauge.
So you can take one small part of the article to make your candidate of choice look better or you can read the entire article. All quotes taken from the very article you posted.
Yes it is a lower rate than when Clinton sought re-election but then you also have to realize that, " the economy has still lost 1 million jobs since Bush took office in early 2001, meaning Bush is likely to become the first president since the Depression era's Herbert Hoover to complete his term with an overall drop in U.S. payrolls.
"You need about 150,000 new jobs a month to keep even with growth in population," he said. "Taken in proper context, it's just not a very good record."
Not to mention,
Average hourly wages rose 5 cents to $15.77. Over the last 12 months average hourly wages have risen 2.3 percent, not keeping pace with inflation of 3 percent, as measured by the consumer price index, the government's main inflation gauge.
So you can take one small part of the article to make your candidate of choice look better or you can read the entire article. All quotes taken from the very article you posted.
"There have been very few years in my lifetime that we've had an unemployment rate as low as this," he told CNNfn.
Last month's job growth was the strongest since 208,000 in May, and the department also revised upward its readings for June and July. June job growth was revised to a gain of 96,000 jobs from an earlier reading of 78,000, while July was revised from an earlier reading of 32,000.
"The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent," said Anthony Chan, senior economist with J.P. Morgan Fleming Asset Management.
"It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth."
Last month's job growth was the strongest since 208,000 in May, and the department also revised upward its readings for June and July. June job growth was revised to a gain of 96,000 jobs from an earlier reading of 78,000, while July was revised from an earlier reading of 32,000.
"The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent," said Anthony Chan, senior economist with J.P. Morgan Fleming Asset Management.
"It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth."
un-Touch'd krew
Joined: May 2001
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From: My own level of hell
Originally Posted by /^Blackmagik^\
also taken from the article.. and you talk about selective comprehension
I dunno I am not in the mood to argue this with you today because Goodwins law will be placed into effect as it goes and the same old bs arguments are going to be tossed back and forth...it grows old quickly.
__________________
"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
Floppy Death! noES!!!
Joined: Oct 2002
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From: Scranton, PA
earlier I sneezed on my hand... and I just grabbed someone elses bottle of soda and put it right back down. Then they came back and picked up their soda and said their soda smells funny.
me: really? hmm, mine smells ok
them: ugh that one smells too
me: hmm I don't notice it
them: I'm going to get a new one
h:
me: really? hmm, mine smells ok
them: ugh that one smells too
me: hmm I don't notice it
them: I'm going to get a new one
h:
I need sleep...
Joined: Jun 2002
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From: NH
What is failed to be mentioned is that the jobs raportedly gained are only the number of people added to a company's payroll for a particular month. We have actually been adding a hell of a lot more people to our workforce each and every month from those that are now self employed or started their own businesses. That is why the unemployment rate is so low but job creating appears slow.
http://quote.bloomberg.com/apps/news...17i7w&refer=us
The government surveys about 400,000 businesses to calculate payroll changes month-to-month and separately polls about 60,000 households to determine the unemployment rate. In July, the two surveys showed divergent results with the household employment rising by 629,000.
