Here is an example of how Republicans take good news (economy added 117K jobs)... and put a negative spin on it: From http://politicalticker.blogs.cnn.com/2011/08/05/2012-candidates-jump-on-july-jobs-numbers/?hpt=hp_t1
300K+ jobs added a month is the significant number. Unemployment should actually go up, not down, as long term unemployed reenter the job market.
I see. And lefties don't do the exact same thing? So far as I have ever seen, each side is equally adept at this sort of stuff.
http://www.cnbc.com/id/44033486 According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000. But the job creation number was positive and the unemployment rate went down, right? So how does that work? It’s a product of something the government calls “discouraged workers,” or those who were unemployed but not out looking for work during the reporting period. This is where the numbers showed a really big spike—up from 982,000 to 1.119 million, a difference of 137,000 or a 14 percent increase. These folks are generally not included in the government’s various job measures. So the drop in the unemployment rate is fairly illusory—stick all those people back in the workforce and you wipe out the job creation and the drop in unemployment.
July Job reports: the numbers came in better than expected and the unemployment rate ticked down to 9.1% from 9.2% http://finance.yahoo.com/blogs/dail...42042.html?sec=topStories&pos=9&asset=&ccode= I know, everything is a spin. 25% unemployment rate is not a spin, but these numbers are . . .
On Thursday, the market's sharp decline had analysts and observers rushing to make proclamations of an imminent double-dip recession. Writing in the Financial Times earlier this week — before Thursday's mini-crash — economist Larry Summers pegged the chances of a double-dip at one in three.Others suggested that the decline, combined with a rash of punk data, was a sign that the U.S. had never left recession in the first place. But this morning's jobs figure, combined with data that was generally ignored among Thursday's market carnage, should lead us to ratchet down our fear of an imminent recession. The economy may have slowed, and the future is uncertain. But if you want a double-dip this summer, you'll have to go to Carvel. * * * The private sector in July added 154,000 jobs while the government cut 37,000. Put another way, in a month in which Washington intentionally concocted a crisis designed to foment uncertainty and paralysis, companies added about 38,500 jobs per week. * * * In the panic over the markets yesterday, investors and analysts may also have ignored other data that points to expansion. Consumers account for about 70 percent of U.S. economic activity. And preliminary data indicates that consumers didn't pull back in July. Yesterday, Thomson Reuters reported that its same-store sales index rose 4.4 percent in July from the year before. The International Council of Shopping Centersreported that same-store sales in the chains it tracks rose 4.6 percent in July from the year before. That's a slower rate than has been reported in recent months, but it is a far cry from a contracting economy. Want more? The Institute for Supply Management's surveys shows that both the manufacturing and the service sector expanded in June. http://finance.yahoo.com/blogs/dail...erns-over-double-dip-recession-141353858.html
Now, for the first time in the history of the United States, our credit rating has been downgraded. This never happened under Jimmy Carter, one of the most incompetant presidents we've ever had, but it's happened under Obama. Ain't it great! Welcome to the recovery!
http://news.yahoo.com/usps-posts-3-1-billion-loss-q3-warns-145707721.html But hey, welcome to the recovery!
There were less people in the work force in July than in June. The numbers are right in front of you. Although I do find the celebration by the Dems of a 9.1% rate appalling, anyhow.
http://www.reuters.com/article/2011/08/08/us-markets-global-idUSTRE7725BC20110808 No worries, folks, all is well. Welcome to the Recovery!
The funny thing here, of course, is that investors are dumping stocks to buy treasuries. You know, those treasuries that just got downgraded, causing a market panic? Yep, those. barfo
Never mind, never mind . . . Welcome to the recovery!!! http://money.cnn.com/2011/08/18/news/economy/unemployment_benefits/index.htm?iid=HP_River
