more facts about recovery (for the right to deny)

[Truthmatters]

Where US economy has, and hasn?t, yet recovered - Richmond Times Dispatch: Economy

 

[TakeAStepBack]

Street braces for disappointing U.S. jobs report - The Globe and Mail

If one is left twice shy after being once bitten, how long does it take to get over three nips?

Confidence in the U.S. recovery has retreated remarkably quickly this week as a streak of second-tier indicators produced weaker-than-expected readings. Employment indicators compiled by the Institute for Supply Management and payroll processor ADP were below Wall Street estimates. On Thursday, initial claims for U.S. jobless benefits jumped to 385,000 in the final week of March, compared with 357,000 the previous week and a consensus predication of 353,000.

 

[TakeAStepBack]

U.S. economy adds 88,000 jobs - Salon.com

WASHINGTON (AP) — U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown is a reminder that the job market’s path back to health will be uneven.

The Labor Department says the unemployment rate dipped to 7.6 percent from 7.7 percent. While that is the lowest in four years, the rate fell only because more people stopped looking for work.

 

[Lonestar_logic]

Where US economy has, and hasn?t, yet recovered - Richmond Times Dispatch: Economy

After five painful years, it’s nearly back to where it started when the recession began.

Something to be proud of huh TDM?

 

[TakeAStepBack]

Weak economic reports send stock market lower - US News and World Report

Weak economic reports send stock market lower
April 3, 2013 RSS Feed Print
By STEVE ROTHWELL, Associated Press

NEW YORK (AP) — Weak reports on hiring and service industries sent the stock market sharply lower Wednesday, giving the Dow Jones industrial average its worst day in more than a month.

The Dow fell 111.66 points, or 0.8 percent, to 14,550.35, its worst decline since Feb. 25. The Standard & Poor's 500 index dropped 16.56 points, or 1.1 percent, to 1,553.69. Both indexes closed at record highs the day before.

The stock market started 2013 with a rally as investors became more optimistic about the U.S. economy, especially housing and jobs. The reports Wednesday disappointed the market and came two days after news that U.S. manufacturing growth slowed unexpectedly last month.

 

[Truthmatters]

yes and the GOP once again undermines the recovery with the sequester.

are you clowns going to do another Debt ceiling bit of insanity too?

 

[Truthmatters]

Austerity doesnt fix a failing economy does it?


will you admitt it now?

 

[Katzndogz]

It is theoretically possible to get the unemployment rate to zero, if they can shift all of the unemployed to some sort of public benefits.

 

[TakeAStepBack]

Or if people simply stop looking for a job that doesn't exist. That's how these numbers continue to go down. By basically saying that because they are completely disenfranchised with a failing economy, they no longer exist.

 

[TakeAStepBack]

In TM's world, she'll be jumping for joy when these numbers hit zero. it'll be a sure sign that the economy has vastly improved.

 

[Katzndogz]

Or if people simply stop looking for a job that doesn't exist. That's how these numbers continue to go down. By basically saying that because they are completely disenfranchised with a failing economy, they no longer exist.

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels | Zero Hedge

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."

90 million is almost 1/3 of the entire population of the US.

 

[TakeAStepBack]

90 million is almost 1/3 of the entire population of the US.

Now add in the responsibily retired and children. What we have is around 90 million out of around 125 million of eligible workers.

 

[pinqy]

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels | Zero Hedge

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work.

"No longer looking for work?" That's not what Not in the Labor Force means. Many many people not in the labor force have never looked for work. and 92.5% of those Not in the Labor Force don't want a job.

This was the biggest monthly increase in people dropping out of the labor force since January 2012,

Let's look at what happened:
Population increased 167,000
Employment dropped 206,000
Unemployment dropped 290,000
Not in the Labor Force does not want a job increased 762,000
Not in the Labor Force wants a job now decreased 99,000

So while the Labor Force did drop 496,000 (which is not good), it's clearly NOT a matter of people "giving up." The number of people who don't want to work went up 762,000

 

[TakeAStepBack]

They just dont want to work.

 

[Truthmatters]

did you guys even look at te facts in the story?

 

[Truthmatters]

Where US economy has, and hasn?t, yet recovered - Richmond Times Dispatch: Economy

What’s back

• Household wealth: Americans lost $16 trillion in wealth during the recession, mainly because home values and stock prices sank. Those losses have now been reversed. Household net worth reached $66.1 trillion in the final three months of 2012, according to the Federal Reserve. That was just 2 percent below the peak reached in the fall of 2007.

• Retail sales: Retail sales totaled $421.4 billion in February. Adjusted for inflation, that was nearly 18 percent above the recession low and just 0.7 percent below the record level in November 2007.

• Layoffs: The job market remains weak by some measures. But consider this: If you have a job, you’re less likely to lose it than at any other point in at least 12 years. That marks a sharp turnaround from the depths of the recession, when layoffs soared — from 1.8 million in December 2007 to 2.6 million in January 2009.

• Foreclosures: Foreclosures have sunk back to pre-recession levels. Banks repossessed 45,000 homes in February 2013, according to RealtyTrac, a foreclosure listing firm. That was the fewest since September 2007 and was down from a peak of 102,000 in March 2010.

• Stock market: The Dow Jones industrial average closed at an all-time high of 14,253.77 on March 6, topping its previous peak of 14,164.53 in October 2007. The Dow had plunged all the way to 6,547.05 in March 2009. It closed even higher on Tuesday at 14,662. 01.

• GDP: America’s economy is producing more goods and services than before the recession began. In the final three months of 2007, it produced an annual rate of $13.3 trillion in goods and services, a record high. That figure had shrunk to $12.7 trillion when the recession ended.

 

[TakeAStepBack]

 

[Truthmatters]

stop doing things that harm the recovery and the American people for poltical gain

 

[Truthmatters]

facts just cant permeate your brain case huh

 

[TakeAStepBack]

stop doing things that harm the recovery and the American people for poltical gain

You truly are the biggest dullard I've ever encountered. Ever.