Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss The jobs report at the Political Forums; Both FNC and CNN (the latter, a reliably center-left source) described today's jobs report--which, admittedly, I have not yet read--as ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 01-07-2022, 12:46 PM
PW Enlightenment
 
Join Date: Mar 2009
Location: Tennessee
Gender: Male
Posts: 11,746
Thanks: 15,524
Thanked 5,448 Times in 3,492 Posts
Default The jobs report

Both FNC and CNN (the latter, a reliably center-left source) described today's jobs report--which, admittedly, I have not yet read--as a "poor" one.

Nonetheless, President Biden was taking a victory lap this morning, as if the report were a glowing one.

My guess is that his advisors suggested that he get out in front of this one, and quickly spin it by cherry-picking the few good points contained therein.

Comments?
__________________
"In his second inaugural address, [Franklin D.] Roosevelt sought 'unimagined power' to enforce the 'proper subordination' of private power to public power. He got it…"—George Will, July 8, 2007
Reply With Quote
  #2 (permalink)  
Old 01-07-2022, 06:14 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 87,999
Thanks: 57,056
Thanked 26,846 Times in 19,297 Posts
Send a message via AIM to saltwn Send a message via MSN to saltwn Send a message via Yahoo to saltwn
Default Re: The jobs report

Quote:
Originally Posted by pjohns View Post
Both FNC and CNN (the latter, a reliably center-left source) described today's jobs report--which, admittedly, I have not yet read--as a "poor" one.

Nonetheless, President Biden was taking a victory lap this morning, as if the report were a glowing one.

My guess is that his advisors suggested that he get out in front of this one, and quickly spin it by cherry-picking the few good points contained therein.

Comments?
Quote:
December's jobs report indeed showed disappointing job growth, with 199,000 jobs created – fewer than half what economists expected. But the unemployment rate dropped to 3.9%, a level considered to be full employment.
Quote:
...despite GOP warnings that Christmas would be blue for celebrants awaiting gifts in the mail, 99% of packages arrived on time for the holidays.
Quote:
...people were taking newer, better-paying jobs in an economy where wages have increased, particularly for people in the hospitality and restaurant industry.
Quote:
"...one leading economic analyst described what we accomplished in 2021 as the strongest first-year economic track record of any president in the last 50 years,” [citing an op-ed by Matthew Winkler, former editor-in-chief of Bloomberg News.]
Quote:
A RealClearPolitics average of polls in the past five weeks shows that 56% of Americans disapprove of Biden's handling of the economy, with 40% approving of it.

That's despite the fact that in Biden's first full year in office, the White House notes, 6.45 million jobs were created.

"That is the highest number of jobs created in a single calendar year since we started keeping records in 1939," said Gene Sperling, a senior adviser to Biden and national economic adviser to both President Bill Clinton and Barack Obama.
Quote:
The White House also is prickly about the disparate coverage of economic numbers, compared to other presidents.
Quote:
News organizations hailed the jobs reports in spring 2018, when the unemployment rate dipped below 4% for the first time since 2000, National Economics Council spokesman Jesse Lee noted in a tweet. But Friday morning, when the unemployment dropped to 3.9%, the headlines focused on the disappointing growth in new jobs.
Quote:
"Trump inherited 5% and took two years to get there. Biden inherited 6.2% and got there in a year.
Read More @ USNews article
__________________
“Hate is like an acid. It damages the vessel in which it’s stored and destroys the vessels on which it’s poured.”
Reply With Quote
  #3 (permalink)  
Old 01-07-2022, 10:57 PM
cnredd's Avatar
Administrator
 
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 57,107
Thanks: 2,429
Thanked 39,039 Times in 21,761 Posts
Default Re: The jobs report

Biden hasn't created any jobs yet (unless you count the thousands of new and shiny IRS employees to investigate more Americans)...

The only thing we're seeing is jobs that were lost due to covid coming back...That's not "creating"...That's "recouping previous losses"...

And second, the number of jobs that have been recouped under Biden are NOWHERE NEAR the number of jobs that were supposed to have been back by now...

An example is just the month of December...199,000 "new" jobs, but that was only HALF of what was expected...

Economy gained just 199,000 jobs in December, far below expectations

Quote:
The December data, released Friday by the Bureau of Labor Statistics, fell far short of economists' expectations of 422,000 job gains.
If you were the president of a company and your shareholders were expecting $422 million revenue for the month of December, and the actual revenue was $199 million, shouting "Hey! We made $199 million dollars this month!" will not get you a thumbsup...You'd, most likely, be fired...

This is what Biden (and his disciples like Salty) are doing...They're shouting the numbers as if they're positive, when, in reality, they're in the dumpster...
__________________
"You get the respect that you give" - cnredd
Reply With Quote
The Following 4 Users Say Thank You to cnredd For This Useful Post:
  #4 (permalink)  
Old 01-08-2022, 05:47 PM
PW Enlightenment
 
Join Date: Mar 2009
Location: Tennessee
Gender: Male
Posts: 11,746
Thanks: 15,524
Thanked 5,448 Times in 3,492 Posts
Default Re: The jobs report

One article posted says that "56% of Americans disapprove of Biden's handling of the economy, with 40% approving of it."

Another article notes that "199,000 jobs [were] created – fewer than half what economists expected."

Interesting that this should have been cited...
__________________
"In his second inaugural address, [Franklin D.] Roosevelt sought 'unimagined power' to enforce the 'proper subordination' of private power to public power. He got it…"—George Will, July 8, 2007
Reply With Quote
  #5 (permalink)  
Old 01-10-2022, 07:33 AM
GottaGo's Avatar
Sanity is overrated.
 
Join Date: Aug 2009
Location: Miles to go before I sleep
Posts: 13,643
Thanks: 12,319
Thanked 10,197 Times in 6,172 Posts
Default Re: The jobs report

Quote:
Originally Posted by cnredd View Post
Biden hasn't created any jobs yet (unless you count the thousands of new and shiny IRS employees to investigate more Americans)...

The only thing we're seeing is jobs that were lost due to covid coming back...That's not "creating"...That's "recouping previous losses"...

And second, the number of jobs that have been recouped under Biden are NOWHERE NEAR the number of jobs that were supposed to have been back by now...

An example is just the month of December...199,000 "new" jobs, but that was only HALF of what was expected...

Economy gained just 199,000 jobs in December, far below expectations



If you were the president of a company and your shareholders were expecting $422 million revenue for the month of December, and the actual revenue was $199 million, shouting "Hey! We made $199 million dollars this month!" will not get you a thumbsup...You'd, most likely, be fired...

This is what Biden (and his disciples like Salty) are doing...They're shouting the numbers as if they're positive, when, in reality, they're in the dumpster...
Bold by me.

That's what I've been saying this whole time, while those who want to anoint Biden's feet keep shouting 'Biden is creating more jobs then Trump!'

Seriously people?? If it weren't rather entertaining to watch, it would be very sad.

As to the unemployment numbers dropping, I haven't taken the time to drill down on the statistics, but just from personal views, a large number of my contemporaries are actually opting for retirement rather than trying to find a new job (after businesses have shuttered their doors) across the industry spectrum. But hey, if it deflates the unemployment numbers it must be a feather in Biden's cap!
__________________
Your life is the sum total of the choices you make.
If you don't laugh at yourself, a whole bunch of people will volunteer to do it for you
I never lose. I either win, or I learn....
Reply With Quote
The Following 3 Users Say Thank You to GottaGo For This Useful Post:
  #6 (permalink)  
Old 01-12-2022, 06:52 AM
Conservative Sage
 
Join Date: Mar 2010
Location: Scottsdale, AZ
Posts: 20,288
Thanks: 13,918
Thanked 15,314 Times in 8,775 Posts
Send a message via ICQ to AZRWinger
Default Re: The jobs report

Quote:
Originally Posted by GottaGo View Post
Bold by me.

That's what I've been saying this whole time, while those who want to anoint Biden's feet keep shouting 'Biden is creating more jobs then Trump!'

Seriously people?? If it weren't rather entertaining to watch, it would be very sad.

As to the unemployment numbers dropping, I haven't taken the time to drill down on the statistics, but just from personal views, a large number of my contemporaries are actually opting for retirement rather than trying to find a new job (after businesses have shuttered their doors) across the industry spectrum. But hey, if it deflates the unemployment numbers it must be a feather in Biden's cap!
Don't forget the millions of Americans in prime employment age quitting their jobs. They have dropped out of the workforce so they don’t count towards the unemployment statistics.
__________________
If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.
Reply With Quote
  #7 (permalink)  
Old 01-12-2022, 11:07 AM
Dog Man's Avatar
Down Boy!
 
Join Date: May 2013
Location: Southern Nevada
Gender: Male
Posts: 15,450
Thanks: 9,970
Thanked 8,623 Times in 5,702 Posts
Default Re: The jobs report

https://www.bls.gov/news.release/pdf/empsit.pdf

This shows all the info, including labor participation rate, which still has quite a way to go before it hits pre-pandemic rates.

All the info in this article shows the differences compared to February 2020 right before the pandemic.
__________________
Political Correctness, is Fascism masquerading as manners - George Carlin.

Last edited by Dog Man; 01-12-2022 at 11:13 AM..
Reply With Quote
  #8 (permalink)  
Old 01-12-2022, 10:12 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 87,999
Thanks: 57,056
Thanked 26,846 Times in 19,297 Posts
Send a message via AIM to saltwn Send a message via MSN to saltwn Send a message via Yahoo to saltwn
Default Re: The jobs report

Quote:
Originally Posted by cnredd View Post
Biden hasn't created any jobs yet (unless you count the thousands of new and shiny IRS employees to investigate more Americans)...

The only thing we're seeing is jobs that were lost due to covid coming back...That's not "creating"...That's "recouping previous losses"...

And second, the number of jobs that have been recouped under Biden are NOWHERE NEAR the number of jobs that were supposed to have been back by now...

An example is just the month of December...199,000 "new" jobs, but that was only HALF of what was expected...

Economy gained just 199,000 jobs in December, far below expectations



If you were the president of a company and your shareholders were expecting $422 million revenue for the month of December, and the actual revenue was $199 million, shouting "Hey! We made $199 million dollars this month!" will not get you a thumbsup...You'd, most likely, be fired...

This is what Biden (and his disciples like Salty) are doing...They're shouting the numbers as if they're positive, when, in reality, they're in the dumpster...
There is a world wide pandemic, fueled in great part by politics.
There are plenty of old jobs that are not being taken up.
yes the shiny new irs employees are a welcome sight to help revenue recover from the sham investigation that paved the way for faux anti vax and community news scams.
__________________
“Hate is like an acid. It damages the vessel in which it’s stored and destroys the vessels on which it’s poured.”
Reply With Quote
  #9 (permalink)  
Old 01-13-2022, 07:04 AM
Conservative Sage
 
Join Date: Mar 2010
Location: Scottsdale, AZ
Posts: 20,288
Thanks: 13,918
Thanked 15,314 Times in 8,775 Posts
Send a message via ICQ to AZRWinger
Default Re: The jobs report

Quote:
Originally Posted by saltwn View Post
There is a world wide pandemic, fueled in great part by politics.
There are plenty of old jobs that are not being taken up.
yes the shiny new irs employees are a welcome sight to help revenue recover from the sham investigation that paved the way for faux anti vax and community news scams.
Right, send out a new army of tax collectors to beat down political opponents of Kim Jung Biden’s regime. The Biden crime family and their "contributors" are exempt from the weaponization.

Look at Hunter Biden openly practicing financial corruption through phony art sales and acting as an unregisted foreign agent safe from even the suggestion of real investigation under the Big Guy's protective wing. But don't worry, the taxpayer funded expanded IRS army can finish the job of pounding the small business owner into the ground for the crime of tax evasion.
__________________
If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.
Reply With Quote
The Following User Says Thank You to AZRWinger For This Useful Post:
Reply

Tags
jobs, report, the

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 06:12 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2022, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0