When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Connect with
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
Indeed. A net increase of 69,000 in a single month is still an increase. Twenty-seven consecutive months of job gains does not meet any rational definition of economic failure.
Over eight hundred thousand jobs lost in a single month, on the other hand, probably does. And it was only one of many such months.
Except that the numbers of jobs each month is below what is needed to keep up with population growth, Greg.
Obama Must Create 230,000 Jobs A Month Until The End Of His Second Term For Return To Breakeven –
Charting The New Normal
We discover that
i) 7.6 Million absolute jobs have been lost since the beginning of the Recession;
ii) that a record 10.5 Million jobs (and you won’t find this statistic anywhere), have been lost when factoring in for the natural growth of the Labor Pool of 90-100K a month (we use the lower estimate, which also happens to be the CBO’s estimate), and that
iii) assuming we expect to return to the jobs baseline level as of December 2007 (or an unemployment rate of 5%) by the end of Obama’s second term (and we make the big assumption there will be a second term), Obama needs to create 230,000 jobs each and every month consecutively from September 2010 through November 2016 in order for the total jobs lost to be put back into the labor force, and that
iv) an optimistic (if more realistic) projection of jobs returning to the work force means the return the baseline will occur in 2019, some 7 years after the start of the last recession.
Richard Wolfe (i.e. Obama boot licker) looked about ready to puke.
Still better than the last years of the Bush regime….
@Eric pthers, #8:
Indeed. A net increase of 69,000 in a single month is still an increase. Twenty-seven consecutive months of job gains does not meet any rational definition of economic failure.
Over eight hundred thousand jobs lost in a single month, on the other hand, probably does. And it was only one of many such months.
@Greg:
Except that the numbers of jobs each month is below what is needed to keep up with population growth, Greg.
Obama Must Create 230,000 Jobs A Month Until The End Of His Second Term For Return To Breakeven –
Charting The New Normal
That didn’t happen, did it.
That means it will be LONGER than 7 years to get back to where we were before the recession began.
Obama’s policies are the reason for all of these bad jobs’ numbers.
He has destroyed jobs in the CA valley for a 1″ fish!
He is putting energy, plastics, guitar-making, car sales, and so many other industires under….it is not funny.
This writer predicted this for ”the scariest unemployment chart ever,” back in 2010:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/NFP%20projections%204_0.jpg
http://www.zerohedge.com/article/obama-must-create-230000-jobs-month-until-end-his-second-term-return-breakeven-charting-new-
Two years later and LOOK at how accurate he was!
http://www.businessinsider.com/chart-of-the-day-percent-job-losses-in-post-wwii-recessions-2012-6?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Money%20Game%20Chart%20Of%20The%20Day&utm_campaign=Moneygame_COTD_060112
Amazing!
Maybe he is onto something about Obama not overseeing enough jobs growth, too.