Here is the May 2012 employment situation report from the BLS: http://www.bls.gov/news.release/pdf/empsit.pdf
Key Highlights:
- The unemployment rate increased to 8.2%. Non-farm employers added only 69,000 new jobs. 77,000 jobs were added in April. Employment gains averaged 226,000 from January through March.
- The number of unemployed persons increased from 12.5 million to 12.7 million.
- The civilian labor force participation rate increased to 63.8% from 63.6% in May as 461,000 people returned to the workforce. This is an improvement from the 551,000 discouraged workers that left the workforce in April.
- The seasonally adjusted unemployment rate increased to 14.8% if you include those who were looking for work but dropped out and are no longer counted in the labor force.
Share your thoughts, feelings, and analysis below.
Let's play the Media Spin Game. Give liberal one-liners that spin this terrible report. Me first:
ReplyDeleteAt least it's not negative!
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ReplyDeleteThis comment has been removed by the author.
ReplyDeleteI can't believe this was left out there:
ReplyDeleteIt's Bush's fault
bush does have some ownership to take so does congress and the current president and presidents before bush.
DeleteThe issues we face were paved over many years of legislation.
It was a slow process that got us in this situation and it will be a slow process to get out.
If we could actually get our two parties to work together and get them to stop acting like children hoarding the last cookie we might make progress further.
regardless we are in a much better situation than we were during the collapse
I just hope we as a country can do something about the cost of health care and education or we will slowly fade as a world power.
See this is where you miss the point. No matter how you spin it, you can't get around facts:
Delete"It was a slow process that got us in this situation and it will be a slow process to get out."
You are absolutely right, but that is NOT what Obama/Biden promised.
Obama: "I will bring the unemployment rate to below 7% by the end of 2010"
Biden: "we will average 250-500k jobs growth by 2012"
Even if it is true that yes, it takes a while to turn this ship, Obama didn't promise that. With the marginally improving economy and the dismal jobs report month after month, it's showing that he made all these promises to simply get people to vote for him. You and I both see that it would take a long time to change, but that's not what he promised. He lied, swindled, and got elected. He is an overpromiser which is another sign of bad management skills. No matter what you say, even if it does take a long time, not delivering on promises is much worse. Obama would have been better off just saying, "it might take 6-12 years, and I will work towards that." But no, he didn't. Hopefully he will pay the price in november.
As far as health care and education costs, the country can do one thing: get the f****** government out of it. With health care, prices reflect the demand for healthcare services, and since 68% of the country is overweight, 40% is obese, and we are riddled with heart problems, diabetes, smoking problems and tons of other ailments, demand for health services will be high for a long time. Let the market work. Let people pay these high prices. Stop taking from the rich to pay for poor, fat people's stints and heart surgeries. Give them an incentive to take care of their bodies (a high healthcare cost would work just fine) and watch the demand for health services fall along with the price.
mea,
Deletethanks for the comment,
"You are absolutely right, but that is NOT what Obama/Biden promised. "
Every president has promised things that did not happen if you can find me one that didn't ill vote for romney!
With that said obama and biden made goals. I think setting high goals is a realist and normal thing that any business personal does.
I have worked everything from fast food to tech support for over 5k users at each job I have ever worked at my managers made goals that were a little higher than what was realistic.
Sometimes we got those goals and it felt dang good. Other times we didn't but we knew we tried our hardest to reach them.
I think high goals are a good thing.
as far as healthcare
"As far as health care and education costs, the country can do one thing: get the f****** government out of it"
I agree and disagree with you.
Government does not need to be the main driving force behind any idustry
BUT
Government does need to be involved, we need to make the healthcare environment a real "free market"
Right now health care is restricted in state boarders and ran buy a small handfull of providers.
Health Insurance companies have created an environment were they have cut the consumer out of the process and tried to make it more expensive and complicated to get health care without them.
example:
I have no insurance (cant afford it)
I wanted to get fixed so i cannot have any more kids
I went to my local doctor and asked them how i could go about doing this
They stated i needed to make an appointment to see the doctor he would check me out and I would have to schedule another appointment with the hospital to get it done.
I went to see the doctor and he said i was good to go but at the very end tells me I have to have insurance to get the surgery.
I told him I could pay cash upfront and he said that was not an option.
So I either have to get health insurance so i can get the surgery or i could go to planned parenthood and they have a flat rate i can pay cash and get everything done.
anyways, long story short the consumer does not control the health system currently , the health insurance companies do. We have to do something to change that.
Neither party allowed open boarders, both parties were full of crap when it came to health care and they both protected the industry at all costs.
Agree with you 100% here, loyal; Government does need to be involved, we need to make the healthcare environment a real "free market"
DeleteRight now health care is restricted in state boarders and ran buy a small handfull of providers.
Remove mandates, restrictions, rationing of care and all that and create a TRUE FREE MARKET.
This part, I disagree with you on:
Every president has promised things that did not happen if you can find me one that didn't ill vote for romney!
With that said obama and biden made goals. I think setting high goals is a realist and normal thing that any business personal does.
You correctly pointed out that it takes time. Please don't tell me that you and me had the foresight to predict this but Obama didn't. He did, but in order to get votes he had to promise something he knew he couldn't achieve.
I hear what your saying Mea,
Deletebut Obama has always said things take time, and change does not happen quick
but anyways, we both know all those politicians will say anything, I have not met one that does not pander to the voters. Its sad the things that they will say.
I mean the republican primary (democrats r just as guilty) was filled with crazy assertions about getting gas prices down to ridiculous prices and getting employment back to imaginary levels and all kind of nonsense.
I was literally laughing a couple of times.
I am interested to see how both parties pander to the voters this election cycle, only time will tell.
Im just glad i got blogs like this i can go to and see other points of view.
One slight disagreement: he DID give timeframes, short ones.
DeleteYes, i do like this blog for the same reasons you do. I have to catch a train, good chatting with you, and I will do more soon, sir (I think you are a sir).
'Get the ******* government out of it'...
ReplyDeleteThese men saw the dangers of too much government intervention -- way back when.
I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious. Thomas Jefferson, Letter to William Ludlow, September 6, 1824
“Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master.” George Washington
Good morning MN 4 Rick, Texas Tea and LME. I like the Media Spin Game. That's funny. Here is my submission:
ReplyDelete"Considering that it has been unseasonably warm it's a great number especially if you consider 0bama inherited an economy that was shedding 700,000 jobs a month and he is the only adult in whatever room he walks in (unless it's full of Democrats). So basically it's like Lord 0bama created 759,000 jobs, which that blundering idiot Bush never did. It gives me a thrill up my leg just thinking about it."
Look for something like that on MSLSD today. LOL
By the way, the unseasonably warm remark comes from this Yahoo story:
http://finance.yahoo.com/news/job-growth-falters-may-123604088.html
"While unseasonably warm weather, which brought forward hiring into the winter months, has been blamed for the step back in March and April, the latest report hinted at more fundamental weakness in the economy."
In the winter it was too cold and too much snow to get a job and now late in spring it is too hot to find a job. Boy that Bush lucked out getting perfect weather for hiring.
Texas Tea.....I was way off on my prediction yesterday. I believe I guessed more giving up looking for jobs and the rate going down. It was the exact opposite; people returned to the market and the rate went up. I must need a new crystal ball.
That being said, they are manipulating the numbers. Look at page 5 of the link LME provided above. Notice how 461,000 returned to the labor market and also notice how the number of employed people increased by 422,000 over last month. I thought we only added 79,000 jobs. How did the number of employed people increase by 422,000 on 79,000 jobs?
I think that with 461,000 coming back into the market the U/E rate increased to 9.3% not the 8.2% they are advertising.
What do you guys think? Are the numbers being toyed with? Is the rate really 8.2% or is it higher?
Also, we had 49,000 LESS jobs than previously reported in March and April.
The government puts out the report. The government is run basically by obama. Numbers manipulation? Yup.
DeleteAt least the war on women, children and Christians is going well.
ReplyDelete