The jobs report

pjohns · #1 (**permalink**) 01-07-2022, 12:46 PM

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?

saltwn · #2 (**permalink**) 01-07-2022, 06:14 PM

Quote:

Originally Posted by pjohns

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

cnredd · #3 (**permalink**) 01-07-2022, 10:57 PM

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...

pjohns · #4 (**permalink**) 01-08-2022, 05:47 PM

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...

GottaGo · #5 (**permalink**) 01-10-2022, 07:33 AM

Quote:

Originally Posted by cnredd

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!

AZRWinger · #6 (**permalink**) 01-12-2022, 06:52 AM

Quote:

Originally Posted by GottaGo

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.

Dog Man · #7 (**permalink**) 01-12-2022, 11:07 AM

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.

saltwn · #8 (**permalink**) 01-12-2022, 10:12 PM

Quote:

Originally Posted by cnredd

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.

AZRWinger · #9 (**permalink**) 01-13-2022, 07:04 AM

Quote:

Originally Posted by saltwn

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.

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