[hyteckit]

Over the past six months, the number of people who are employed has risen by 2.3 million — an average of 385,000 per month. That’s the best growth since early 2000, when the dot-com bubble was in full flower.

Best U.S. employment growth in 12 years - MarketWatch First Take - MarketWatch

Employment Situation Summary

[chabig]

Once again (as in your other post) the use of growth as a surrogate for actual numbers misrepresents the truth. Here is what the Employment Situation Summary you linked to says:

"Both the number of unemployed persons (12.5 million) and the unemployment
rate (8.1 percent) changed little in April."

[hyteckit]

Originally Posted by chabig 

Once again (as in your other post) the use of growth as a surrogate for actual numbers misrepresents the truth. Here is what the Employment Situation Summary you linked to says:

"Both the number of unemployed persons (12.5 million) and the unemployment
rate (8.1 percent) changed little in April."

And Pres. Reagan took a 7.1% unemployment and turned it into a 10.3% unemployment rate in 2 years.

Pres. Reagan then went on a spending binge by expanding government and hiring hundreds of thousands of public sector employees.

[Athens]

Originally Posted by chabig 

Once again (as in your other post) the use of growth as a surrogate for actual numbers misrepresents the truth. Here is what the Employment Situation Summary you linked to says:

"Both the number of unemployed persons (12.5 million) and the unemployment
rate (8.1 percent) changed little in April."

You can't trust the US unemployed rate, because of the way it counts people. It only counts those that are looking for work not every one that is out of work. If you give up in your search for work, you don't count in the unemployment rate. The employment numbers is a better number to look at for the overall picture.

[mduell]

Are these graphs the unadjusted or seasonally adjusted numbers?

[Big Mac]

Is hyteckit really a conservative posing as a leftist to blatantly discredit the Left? That explanation seems to make more and more sense.

[hyteckit]

Originally Posted by Big Mac 

Is hyteckit really a conservative posing as a leftist to blatantly discredit the Left? That explanation seems to make more and more sense.

Of course. Because Pres. Obama is a conservative and posting what a good job Pres. Obama is doing, only discredits leftist big spending liberals like Pres. Reagan and Pres. Bush.

Then again I can't give Pres. Obama too much credit. Anyone would seem conservative compared to the big deficit spending leftist liberal Pres. Reagan.

That leftist liberal Pres. Reagan is nothing but a liberal hollywood celebrity and former California governor.

That leftist liberal Pres. Reagan grew government, increases taxes on the poor and middle classes, increase spending greatly, and tripled our national debt. You can't get anymore liberal than Pres. Reagan.

I'm here to discredit big deficit spending leftist liberals like Pres. Reagan, and anyone who thinks Pres. Reagan is a good president is nothing more than a fascist socialist pinko commie.

[Chongo]

[ebuddy]

BUT... BUT WILLIAM HENRY HARRISON-ffpffmmgrrr!!!

[stupendousman]

News Headlines

The American jobs engine hit stall speed in May, with the economy adding just 69,000 new jobs while the unemployment rate climbed to 8.2 percent.

As another summertime swoon looms, the Bureau of Labor Statistics reported that job creation missed economist estimates for 158,000 new positions, and said labor force participation remains near 30-year lows though incrementally better than last month.

The unemployment rate that counts discouraged workers rose as well, swelling to 14.8 percent.

Maybe he thinks we are all stupid?

[The Final Dakar]

So much for best employment. Report is staggeringly bad.

[mattyb]

Originally Posted by chabig 

Once again (as in your other post) the use of growth as a surrogate for actual numbers misrepresents the truth. Here is what the Employment Situation Summary you linked to says:

"Both the number of unemployed persons (12.5 million) and the unemployment
rate (8.1 percent) changed little in April."

Originally Posted by hyteckit 

And Pres. Reagan took a 7.1% unemployment and turned it into a 10.3% unemployment rate in 2 years.

Pres. Reagan then went on a spending binge by expanding government and hiring hundreds of thousands of public sector employees.

Bizzare. chabig gives you a reference to the Employment Situation Summary and you bring up Reagan. Why? What has that got to do with your original posting or chabig's reply?

When you can't address what someone posts in reference to your own posts, don't bring up the usage of drugs by the Beatles and the Stones during their heyday.

[Snow-i]

May jobs report: Hiring slows, unemployment rises - Jun. 1, 2012

Weak jobs report "shocks" economists. They also adjusted the previous two months data down as they were artificially inflated. As a result, unemployment has risen to 8.2%.

Best growth? What growth? Its getting worse.

[mduell]

Originally Posted by Snow-i 

They also adjusted the previous two months data down as they were artificially inflated.

They do this every month.

[mooblie]

So whom do I believe? This is today's BBC story, (top story, on the front page of the BBC News website too, at the moment!)

[Snow-i]

This thread is somewhat hilarious, by the way. You couldn't have planned it better.

Not to take anything away from the seriousness of the jobs situation or the state of our economy, but I think hyteckit just lost his last shred of credibility.

[finboy]

Originally Posted by Snow-i 

This thread is somewhat hilarious, by the way. You couldn't have planned it better.

Not to take anything away from the seriousness of the jobs situation or the state of our economy, but I think hyteckit just lost his last shred of credibility.

The job situation in this country is tanking, and the finger pointing is getting tiresome. Someone is going to have to take ownership of this economy, and Jimmy Carter is busy.

Not that it helps Romney. He's still and EEE-Vil business man, haven't you heard?

[Athens]

Welcome to the future, as more work is done by fewer people and automation, machines, off loading of work to other countries because its cheaper the net result is a more productive economy with fewer people employed and fewer people buying things causing what we are seeing today. Its not about taxes, its not about policy. Its about purchasing ability and loss of competition for both products and workers through mergers and purchases of companies.

[Big Mac]

There's got to be something productive for people not otherwise occupied to do. There's apparently a labor shortage in China because of Apple's demands for factory workers.

If Apple were to bring some portion of manufacturing back to the US, I wonder how much of a premium Apple would have to charge per device for them to be made by American workers who would get paid lower-end but not Chinese scale wages. 100%? 300%? There must be a number.

[Athens]

The cost difference between production in the US and China was about $20.00 per machine.

There is other issues at play, for one the parts suppliers. All the parts needed are near the factories. Another issue is ability to retool fast. A Foxconn factory can get a labor force of thousands in over night to retool for last minute changes. Retooling in North America is much slower.

[Athens]

http://www.nytimes.com/2012/01/22/bu...pagewanted=all

[P]

Originally Posted by Big Mac 

If Apple were to bring some portion of manufacturing back to the US, I wonder how much of a premium Apple would have to charge per device for them to be made by American workers who would get paid lower-end but not Chinese scale wages. 100%? 300%? There must be a number.

Apple is actually bringing some production to the US. Samsung makes the A5 processor in Texas - I seriously doubt that they would do that if Apple had not been hinting that that's what the wanted. The iPhone glass is made in Kentucky. What is not happening in the US is the final assembly, but that is likely for logistics reasons - you want to avoid having too much supplies coming long distance, so if all the other suppliers are in China or thereabouts anyway,
that's where you put final assembly. It's actually very interesting that they moved the A5 production to Texas.

[ebuddy]

Originally Posted by mattyb 

Bizzare. chabig gives you a reference to the Employment Situation Summary and you bring up Reagan. Why? What has that got to do with your original posting or chabig's reply?

When you can't address what someone posts in reference to your own posts, don't bring up the usage of drugs by the Beatles and the Stones during their heyday.

Not to mention that the "Reagan argument" has been dismantled repeatedly by me and others.

Either way, I'm not sure exactly what hyteckit is supposedly arguing; that Republicans are more effective at executing progressive policy than Democrats? Okay. Reagan is considered one of the more popular Presidents of our time with his economic record among the primary determinants of this popularity. Seeing as that is certainly not the case with regard to Obama and knowing Republicans are apparently more effective at executing progressive policy than Democrats; the only logical conclusion for our progressives is to vote for Romney in November.

[Athens]

Originally Posted by P 

Apple is actually bringing some production to the US. Samsung makes the A5 processor in Texas - I seriously doubt that they would do that if Apple had not been hinting that that's what the wanted. The iPhone glass is made in Kentucky. What is not happening in the US is the final assembly, but that is likely for logistics reasons - you want to avoid having too much supplies coming long distance, so if all the other suppliers are in China or thereabouts anyway,
that's where you put final assembly. It's actually very interesting that they moved the A5 production to Texas.

Look at the glass company that builds the displays for Apple. Its a 150+ year old US company that still makes some of its glass in the US, all its expansion was in Asia because that's where the customers are.

The only way to ever bring back jobs to the local markets, that is good paying jobs is import duties. But the price of goods will be more expensive. The trade off is people will be able to afford the higher price from better employment.

[chabig]

Originally Posted by Athens 

The trade off is people will be able to afford the higher price from better employment.

Are you suggesting that if we slap import duties on imported goods, we'll all get pay raises?

[Athens]

Yes, competition for workers will favor higher wages and benefits if there is more work then employee's

[Chongo]

Originally Posted by chabig 

Are you suggesting that if we slap import duties on imported goods, we'll all get pay raises?

Hoover tried that after the crash of 1929 and look how well that worked out.

[mduell]

The topic title reminded me of "North Korea is Best Korea".

[Snow-i]

In mother russia, employment grows you!

[Athens]

Isn't that where people pretend to work and the government pretends to pay them? (Old line from the 90's)

[BadKosh]

Will today be the day the Dow drops below 12000?

[hyteckit]

Damn liberal media criticizing the only true conservative president we have in decades. Under Pres. Obama we have the lowest tax rates and the lowest federal increase in spending ever since the 1950s.

After having the best US employment growth in 12 years, the private sector only added 69,000 jobs in May, which is disappointing because it's below the estimates according to the liberal media. However, the liberal media ignore the record 27 straight months of private-sector job growth.

The liberal media is so in love with the big deficit spending leftist liberal hollywood celebrity Pres. Ronald Reagan, that they ignore the fact that Pres. Ronald Reagan tripled the national debt, at the same time he expanded the federal government, and raise taxes on the poor and middle class. Unemployment grew from 7% to over 10% in the fist 3 years of Pres. Reagan's first term. Not only that, the leftist liberal hollywood celebrity Pres. Ronald Reagan was a traitor by committing the treasonous act of selling weapons to Iran.


More proof that the liberal media is in love with the big deficit spending leftist liberal hollywood celebrity Pres. Ronald Reagan, and criticize conservative Pres. Obama every chance they get.

[hyteckit]

Originally Posted by BadKosh 

Will today be the day the Dow drops below 12000?

Um.. no. Wasn't the Dow at 6,600 when Pres. Obama took office? Now we are above 12,000? Wow.

Didn't the Dow went from 14,000 to like 6,600 in less than 1 year under Pres. Bush? Now that's an accomplishment.

[hyteckit]

Originally Posted by mattyb 

Bizzare. chabig gives you a reference to the Employment Situation Summary and you bring up Reagan. Why? What has that got to do with your original posting or chabig's reply?

When you can't address what someone posts in reference to your own posts, don't bring up the usage of drugs by the Beatles and the Stones during their heyday.

Because this thread is about Pres. Obama being a conservative and Pres. Ronald Reagan because a big deficit spending leftist liberal who triple the national debt.

[BadKosh]

But, the private sector is FINE!