Jobs plummet:
U.S. employment fell for the first this year in June as thousands of temporary census jobs ended and private hiring grew less than expected, dealing a blow to President Barack Obama who has identified job creation as a key priority.
Change!
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This morning Great Leader said “We’re going to invest in infrastructure to create private sector jobs”.
That’s worth a {facepalm} right there. It shows how hopelessly clueless this merry little band of Marxists are.
Well, 0 was right in a way. It is a private sector – his own private sector of loyal voters.
I’ll just drop by here later so I can read how Dog Gone thinks this is a good thing and a reflection of the brilliant leadership of our great and glowing president.
Well unemployment checks are the fastest way to create new jobs. Honest! Nancy Pelosi said so:
http://www.breitbart.tv/pelosi-unemployment-checks-fastest-way-to-create-jobs/
Try to follow your spin: -> Last month public sector job creations was a bad thing, this month, the elimination of half those public sector jobs is . . a bad thing. Last month, private sector job creation at only 33,000 was a bad thing. This month, almost 85,000 private sector jobs created . . is still a bad thing.
I love watching you guys flip flop like fish out of water to focus on only bad news to serve your purpose without acknowledging good news. This jobs report is mixed, much fodder for both sides to cherry pick the numbers they like and try to push them into the main stream dialogue
http://money.cnn.com/2010/07/02/news/economy/jobs_june/index.htm
Bad news:
==
The construction sector again lost 22,000 jobs as the pace of building
fell sharply with the end of a tax credit for homebuyers. And
retailers, hit by softer consumer purchases, trimmed nearly 7,000
jobs.
==
Good News
==
But manufacturers added 9,000 jobs, and transportation companies and
warehouses added nearly 15,000 jobs, showing some continued strength
in the goods-producing sector. Leisure and hospitality was the leading
sector with a gain of 37,000 jobs.
There also was a gain of 20,500 temporary workers by business, which
could be a sign of future hiring, since employers often bring on
temporary workers before they commit to permanent jobs.
==
Try to follow your spin: -> Last month public sector job creations was a bad thing, this month, the elimination of half those public sector jobs is…
Don’t be disingenuous, Flash. You’re not trying to “follow” anything, you’re just trying to take bits and pieces of what I’ve written and string them together in the form of a line of strawmen.
It’s a waste of time, but here goes:
– the number of private sector jobs were far, far below the number needed to absorb new workers in the economy, to say nothing of gettiing people back to work.
– The public sector jobs were mostly temp gigs, not permanent employment.
– Public hiring increases the national debt, which raises the interest rates private industry needs to pay to get the capital they need to expand, which crimps the recovery.
– There are indications that much of the private hiring that IS happening is companies getting what they can done before 1/1/11, when the Bush Tax Cuts get sunsetted, and a bunch of Obama’s new taxes take effect. This is going to stagnate our recovery at the very least, and at worst send us into a double-dip recession or worse.
Look, I’ve been out of work. Bad news sucks. But I feel no need to blow smoke up the public’s skirt about Obama’s economy and his dubious competence.
I love watching you guys flip flop like fish out of water to focus on only bad news to serve your purpose without acknowledging good news.
See also: Iraq war, liberal coverage of.
“Don’t be disingenuous, Flash.”
What else could he possibly be?
Ew, Yossarian, whoo hoo I have a fan.
The news is more complex than dreamt of in SitD’s philosophy, to paraphrase the bard (from the grave side monologue with a skull, Hamlet to Horatio)
– TOP STORIES –
Factory Jobs Return, but Employers Find Skills Shortage
By MOTOKO RICH
http://www.nytimes.com/2010/07/02/business/economy/02manufacturing.html?th&emc=th
It seems a lot of factories have retooled and upgraded under Obama, making serious improvements to the very important manufacturing basis that our economy needs (not minimum wage service sector part time jobs or temporary seasonal jobs that go away, and lack benefits ). The problem appears to be a lack of qualified and skilled candidates for those jobs — many of whom are in training, but not quite yet ready for the job market.
Not just growth in jobs (paralleled by steady growth in the manufacturing sector over a number of months, not only an improvement, but a reversal of a decline as those jobs disappeared before Obama’s efforts to improve the economy)
A few snippets from Dog Gone’s NYT article:
“Economists expect that Friday’s government employment report will show that manufacturers continued adding jobs last month, although the overall picture is likely to be bleak. With the government dismissing Census workers, more jobs might have been cut than added in June.
And concerns are growing that the recovery could be teetering, with some fresh signs of softer demand this week. A central index of consumer confidence dropped sharply in June, while auto sales declined from the previous month.
Pending home sales plunged by 30 percent in May from April as tax credits for home buyers expired. Fretting that global growth is slowing, investors have driven stock indexes in the United States down to their levels of last October, for losses as great as 8 percent for 2010. ”
Everything Dog Gone has written after the link is sheer fantasy and does not appear in the article.
The news is more complex than dreamt of in SitD’s philosophy,
Oh, wait – I have a philosophy? Well, as far as Pengima is concerned, I supposed any sufficiently advanced technology is indistinguishable from magic.
But no, DG, I did in fact dispense with much of what you quoted in my reply to Flash. Manufacturing is one sector, and again, there is evidence of both a dead cat bounce and strategic hiring to get ahead of Obama’s tax orgy.
Perhaps most concerning, DG? Yet again, you didn’t read your “source” all the way through. You cherrypicked a quote, again, omitting the larger picture:
“And concerns are growing that the recovery could be teetering, with some fresh signs of softer demand this week. A central index of consumer confidence dropped sharply in June, while auto sales declined from the previous month.
Pending home sales plunged by 30 percent in May from April as tax credits for home buyers expired. Fretting that global growth is slowing, investors have driven stock indexes in the United States down to their levels of last October, for losses as great as 8 percent for 2010. ”
Sorry, DG, but if you want to try to insult me and my blog, at least have a “C”, much less “A”, game going.
The Obama Depression continues and continues
“We Can’t Recover All the Jobs Lost”
“Great Recession” i.e. Obama Depression
But the liberal moonbats claim this is good news.
Not just growth in jobs (paralleled by steady growth in the manufacturing sector over a number of months, not only an improvement, but a reversal of a decline as those jobs disappeared before Obama’s efforts to improve the economy)
Yeah, about that, Mrs. Teasdale:
http://abcnews.go.com/Business/wireStory?id=11072590
WASHINGTON (Reuters) – New orders for factory products tumbled much more than expected in May, posting their sharpest drop since the depth of the recession and their first decline in nine months, a government report showed on Friday.
Factory orders fell 1.4 percent in the month, the Commerce Department said, the steepest drop since March of last year. Analysts polled by Reuters were expecting a more modest 0.5 percent decline.
This isn’t a matter of insufficiently trained workers. Manufacturers have been ramping up inventories all year long. Why? Because it’s going to be more expensive to employ people in the coming years, especially given the expiration of the Bush tax cuts and the new regulatory burdens that Obama and his pals in Congress have imposed.
Oh, hey, Dog Gone barked, as commanded. Good girl!
The two industries mentioned in the article are pharm & “wind turbines”. These are both subsidized industries (for every dollar of value put into them, you get less than a dollar of value out). They are not industries competing successfully with overseas firms, they are industries protected from competition with overseas firms.
The US manufacturing industry has been in a terrible state for a long, long time. This, at least, is not Obama’s fault.
From an NPR radio report earlier, I learned more people quit looking for work last month than found jobs.
The company I work for is looking overseas for growth (and the jobs we have here will move there) as the centrally planned 3rd world economy the Current Cipher has fostered is no place to invest right now. I suppose there are an unlimited supply of dogs whose anal sacs need evacuating for you DG and an endless supply of young skulls full of mush whose school computers need Flash’ reprogramming. There isn’t an endless supply of capital or customers with which we can add a plant for a market that is being hampered and hectored at every turn by the Cipher.
The NYT article says (reading between the lines) that for our industrial economy to be considered healthy, it must create a virtually unlimited number of jobs, paying $10/hr (low end) to $20/hr (high end), with health car & other benefits, for people who can read & do math at the ninth grade level.
Good luck with that.
A more informative take on the US jobs problem, by the ex-CEO of intel:
The article is written at the strategic, rather than tactical level. His takeaway: The US has gotten very good at creating jobs for Asian manufacturers, and very poor at creating jobs — even hi-tech jobs — in the US.
Too bad we didn’t get a chance to see McCain take on the economy.
For the love of…whatever, just STFU will you Flash?
You’ve proved conclusively that your ignorant papspew is no match for even the most elementary examination, so you pulled the covers over your head.
I the immortal words of Denny Green “You are who we thought you were”.
Fine, I don’t blame you….now stay under there and gargle your kool-aid like a good little de-pelted moonbat.
That is all.
Flash boasted ” Leisure and hospitality was the leading
sector with a gain of 37,000 jobs.”
All being worked at $7.50 an hour by illegal aliens. “Jorge, please bring Flash another mojito, por favor.”
You want to see how feeble the “recovery” you’re hailing really is DG and Flash? Look no more: http://nalert.blogspot.com/2010/07/scariest-job-chart-ever-gets-uglier.html.
And it’s going to get worse if our customers are right. What I’m seeing from them right now is the prediction that the next 9 months or so will be worse than what it is now, and this is from 6 different, very large consumer electronics companies.
Obama had a crisis and a chance to remake the US into a competitive power. What did he do? He spent money on propping up the states and on sector that Spain showed destroyed 2.5 jobs for every 1 created, “green jobs.” He spent his time and effort with health insurance “reform” that makes industry here less competitive and penalizes employers. He’s let a crisis go to waste to promote his agenda and pass the wish list of left winger and let the country go to pot.
Motoko Rich, the author of the article Dog Gone links to, is not an economist or a business person. Until two months ago she wrote the “book beat” for NYT.
Motoko is, however, a reliable cheerleader for obamanomics. Note the title of todays article: “Factory Jobs Return, but Employers Find Skills Shortage”.
The article states that the area under consideration, Southern Ohio, has lost 40,000 jobs since the recession began and has now added 3,600. Less than one in ten jobs lost has been replaced, yet the Times’ headline makes you think that there are plenty of jobs, the problems is the workers aren’t skilled enough to do them.
The previous two “business” articles Motoko has written have the headlines:
“A Jobless Rate Still Unaffected by New Hiring”
and
“Economy Gains Impetus as U.S.Adds 290,000 Jobs”
That last was in May of this year. Before May, Motoko only covered publishing.
I was wondering why she didn’t answer basic business-oriented questions about the 3,600 jobs in Ohio — like where the business came from. Now I know why. She doesn’t know what the Hell she is doing.
Flash boasted ” Leisure and hospitality was the leading
sector with a gain of 37,000 jobs.”
I’ll bet good money that the vast majority of those jobs are controlled by the SEIU. Funny how that works.
A more “realistic” assessment by an NYT writer:
http://www.nytimes.com/2010/07/03/business/economy/03jobs.html
The train that is the nation’s economic recovery has slowed noticeably, unable to generate enough jobs in the last two months to keep pace with population growth, much less reduce the vast numbers of unemployed Americans.
Poor DogPrescottPile, p0wn3d again. Every time, and I mean every time she and her masters opine on these pages, they get shred to bits. Note how they never come back to a thread after throwing flaming poo about from the most dubious of sources.
But, JPA, their sources are impeccably credentialed! Many of their economics sources have MFA’s from prestigious universities!
JPA, Doggie just shows her practical side. It makes no sense to return to an argument you have utterly lost. As for Flash, well he has a picture of himself and Obama on his blog. That’s all you really need to know.
Peeve is just to deranged to comprehend it when he sees his own ass in the palms of his hands.
MFA’s from prestigious universities
Heh. Economics, semiotics — what’s the big diff?
As for Flash, well he has a picture of himself and Obama on his blog.
I’ll cut Flash a break on that one; that was a great “get”. It was long before Obama was the front-runner, when he was still a relative unknown.
Y’know. The good ol’ days.
And yet he refuses to distance himself from the major FAIL!* of the 21st century. If he eased up on the Obama apologetics I might cut him some slack, but Flash still has that thrill going down his leg.
*18 months in, blaming Bush is now childish and moronic. A man would step up and accept responsibility.
Bob Herbert in the NYT:
The U.S. is trapped in an agonizing period of sky-high unemployment and the latest data from the Department of Labor offers no cause for optimism.
http://www.nytimes.com/2010/07/03/opinion/03herbert.html?_r=1&ref=bobherbert
Looks like Flash & Dog Gone are further left on this issue than Herbert, a highly partisan supporter of the president.
Both Dog Gone and Flash consider themselves “centrists”.
“*18 months in, blaming Bush is now childish and moronic. A man would step up and accept responsibility.”
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