7.8 % unemployment rate lowest of Obama presidency. Improvement for sure

  • HndsmKansan

    Posts: 16311

    Oct 05, 2012 12:54 PM GMT
    The newest jobs report show 114,000 new jobs created and an unemployment rate of 7.8%, the lowest of the Obama presidency. Certainly the number of jobs created is tiny, needs to be improved, but I understand the preliminary jobs numbers from prior months have been adjusted upward... you have those who have left the jobs market and aren't counted, but regardless, positive news overall. Republicans can no longer claim that Obama has only had unemployment over 8.0% during his term.. should be HUGE on the political track this weekend

    icon_biggrin.gif
  • coolarmydude

    Posts: 9190

    Oct 05, 2012 1:48 PM GMT
    Back in April when it dropped to 8.5%, I had predicted that it would be 7.8% - 7.9% by the election.

    Here's another prediction: By the end of the year, unemployment will be between 7.3% - 7.5%, largely due to the big surge in seasonal employment.
  • mybud

    Posts: 11819

    Oct 05, 2012 2:02 PM GMT
    After Romney's debate lies this week....The 7.8% unemployment rate delivers a turd in his punch bowl...
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    Oct 05, 2012 2:22 PM GMT
    http://www.moneynews.com/StreetTalk/Welch-Obama-jobs-books/2012/10/05/id/458814
  • mybud

    Posts: 11819

    Oct 05, 2012 2:42 PM GMT
    freedomisntfree saidhttp://www.moneynews.com/StreetTalk/Welch-Obama-jobs-books/2012/10/05/id/458814
    lies all lies
  • WhoDey

    Posts: 561

    Oct 05, 2012 2:50 PM GMT
    freedomisntfree saidhttp://www.moneynews.com/StreetTalk/Welch-Obama-jobs-books/2012/10/05/id/458814


    As an independent, that screams desperation. Republicans shouldn't go down that road.
  • rnch

    Posts: 11524

    Oct 05, 2012 2:50 PM GMT
    mybud said
    freedomisntfree saidhttp://www.moneynews.com/StreetTalk/Welch-Obama-jobs-books/2012/10/05/id/458814
    lies all lies




    consider the source.




    icon_lol.gif
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    Oct 05, 2012 2:58 PM GMT
    rnch said
    mybud said
    freedomisntfree saidhttp://www.moneynews.com/StreetTalk/Welch-Obama-jobs-books/2012/10/05/id/458814
    lies all lies




    consider the source.




    icon_lol.gif


    ROFL! From the article:

    ""It's a little confusing, to be honest with you. The number of jobs created wasn't that high but the unemployment rate came down and the participation rate went up a little bit, so it's confusing," said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank in Scottsdale, Arizona, according to Reuters.

    "All in all, it doesn't change the trajectory of what the jobs environment has been really for the last year. We continue to increase jobs but not at a rate that is fast enough to significantly change the unemployment picture for American workers."

    See the bolded statement by the Wells Fargo guy? Note the word 'WE'.

    Now look at this:
    http://money.cnn.com/2010/07/07/news/companies/wells_fargo_job_cuts/index.htm

    So much for 'WE'. They cut 3800 jobs. icon_lol.gif
  • HndsmKansan

    Posts: 16311

    Oct 05, 2012 3:33 PM GMT
    mybud saidAfter Romney's debate lies this week....The 7.8% unemployment rate delivers a turd in his punch bowl...


    Well said!

    icon_lol.gif
  • HottJoe

    Posts: 21366

    Oct 05, 2012 3:46 PM GMT
    mybud saidAfter Romney's debate lies this week....The 7.8% unemployment rate delivers a turd in his punch bowl...


    Obama needs to use this, along with pointing out Romney's numerous flip-flops, as leverage to bring him down in the next debate. No more Mr. Nice Obama!icon_mad.gif
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    Oct 05, 2012 3:49 PM GMT
    You know republicans are tying about this when all you have to do is realize that if these had been terrible numbers, say an increase in unemployment numbers, they would have quickly used it as accurate proof of a terrible Obama economy. Good numbers=republicans don't trust the facts, bad numbers-accurate numbers proving Obama terrible.
    Republicans=bad for America.
  • CuriousJockAZ

    Posts: 19119

    Oct 05, 2012 4:09 PM GMT
    I'm not sure whatever the numbers are reflect how the middle class is really feeling. Voters will go to the polls and "If they are better off now than they were 4 years ago" they will likely vote accordingly. If not, history shows they will vote for change.
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    Oct 05, 2012 4:17 PM GMT
    OMG, we're not in hell anymore we're in purgatory!! Champagne time!
  • mybud

    Posts: 11819

    Oct 05, 2012 4:54 PM GMT
    CuriousJockAZ saidI'm not sure whatever the numbers are reflect how the middle class is really feeling. Voters will go to the polls and "If they are better off now than they were 4 years ago" they will likely vote accordingly. If not, history shows they will vote for change.
    I disagree ...I believe most vote if they feel the country is heading in the right direction...I see light at the end of the tunnel....Time will tell
  • CuriousJockAZ

    Posts: 19119

    Oct 05, 2012 5:35 PM GMT
    mybud saidI believe most vote if they feel the country is heading in the right direction...I see light at the end of the tunnel....Time will tell


    Yes, the election results will reveal much and the proof will be in the pudding in terms of how the election goes and how the country is feeling overall. Could all end up being anti-climactic, or it could be a real eye-opening shocker.
  • rnch

    Posts: 11524

    Oct 05, 2012 5:57 PM GMT
    southbeach/bostonsam/whatever-sock-puppet-account-you-are-this-week: exactly HOW old is the posted pic of you?

    is it from 1982 icon_question.gif



    icon_lol.gif
  • TroyAthlete

    Posts: 4269

    Oct 05, 2012 6:23 PM GMT
    Good news for America, but there is still more work to do. But at least the economy isn't shedding a million jobs a month like it was the last time a Republican was in office.

    Obama and the Democrats turned the economy around from loss to growth. And if the Republicans stop obstructing, blocking, and hating it will grow even faster.

    So sad to see Tea Party 'job truther' Republicans complaining about a drop in the jobless rate and rooting for America's failure. We need to keep Mitt Romney out of office so we continue to grow. Nobody wants to return to the policies of Bush.
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    Oct 05, 2012 9:28 PM GMT
    smartmoney saidYou know republicans are tying about this when all you have to do is realize that if these had been terrible numbers, say an increase in unemployment numbers, they would have quickly used it as accurate proof of a terrible Obama economy. Good numbers=republicans don't trust the facts, bad numbers-accurate numbers proving Obama terrible.
    Republicans=bad for America.




    Ain't that the truth.

    The claim that the unemployment numbers have been rigged is nothing but unpatriotic sour grapes from the Repubs.

    The president cannot rig the unemployment numbers.
    One president tried to do it and failed.
    And since then additional layers of security have been added to make presidential/governmental manipulation impossible.

    Any guesses on who the corrupt president was who tried to gain control over the jobs reporting?

    http://m.washingtonpost.com/blogs/election-2012/wp/2012/10/05/there-was-one-president-who-tried-to-manipulate-bls/?hpid=z1
  • jock_1

    Posts: 1491

    Oct 05, 2012 9:40 PM GMT
    Those employment numbers mean very little if nothing. The economy and jobs numbers have remained consistanly bad under Obama and his policies towards the business community and will do so untill he is out of office. The q6 umemployment number is still horrible (around 15%). That includes unemployment, people who have stopped looking for a job, and prople who are under-employed. The amount of people working in America today is at the lowest point in 30 years !!. Yes lets all jump up and down with joy over our economic stagnation under Obama.

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    Oct 05, 2012 9:46 PM GMT
    jock_1 saidThose employment numbers mean very little if nothing.


    That has not stopped the Republicans using those numbers as a stick to beat Obama with. You cannot have it both ways.
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    Oct 05, 2012 9:50 PM GMT
    IF there has been an increase in hiring lately, I wonder how much of it are temporary jobs for the holiday season? icon_question.gif
  • jock_1

    Posts: 1491

    Oct 05, 2012 9:53 PM GMT
    Ex_Mil8 said
    jock_1 saidThose employment numbers mean very little if nothing.


    That has not stopped the Republicans using those numbers as a stick to beat Obama with. You cannot have it both ways.


    Ok, then I retract my statement. The numbers meant nothing due to people dropping out of looking for employment.

    I know its a crazy way of figuring out the rate, but if all Americans quit thier jobs today and no one worked we would have 0% unemployment. It works the same way with people stopping looking for work, the unemployment rate falsely falls.
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    Oct 05, 2012 9:53 PM GMT
    Blakes7 saidIF there has been an increase in hiring lately, I wonder how much of it are temporary jobs for the holiday season? icon_question.gif


    'Sock' jobs?
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    Oct 05, 2012 9:56 PM GMT
    jock_1 saidThose employment numbers mean very little if nothing. The economy and jobs numbers have remained consistanly bad under Obama and his policies towards the business community and will do so untill he is out of office. The q6 umemployment number is still horrible (around 15%). That includes unemployment, people who have stopped looking for a job, and prople who are under-employed. The amount of people working in America today is at the lowest point in 30 years !!. Yes lets all jump up and down with joy over our economic stagnation under Obama.






    FYI - the unemployment numbers mean as much or more than the debates.
    They show that the economy is continuing to recover from the Bush recession - contrary to Repub claims that President Obama has made things "worse".

    This good jobs report will be a bucket of cold water on any post-debate bounce Romney may get.

    Tough luck for Mittens.
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    Oct 05, 2012 10:03 PM GMT
    bostonsam said
    Ex_Mil8 said
    jock_1 saidThose employment numbers mean very little if nothing.


    That has not stopped the Republicans using those numbers as a stick to beat Obama with. You cannot have it both ways.


    Still so bored with your own country that you need to butt-in on American issues? Weirdly pathetic.


    Sorry, but lying scum sock accounts do not get a say in what I can and cannot do.