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Old 07-08-2005, 12:49 PM   #3031
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Old 07-08-2005, 12:51 PM   #3032
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What Ever Happended to the Jobless Recovery?

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Originally posted by sgtclub
http://www.foxnews.com/story/0,2933,161898,00.html

Unemployment drops to 5.0%, lowest since pre-9/11
In a recent story, Wal Mart and McDonalds report massive hiring increases. And the USGA reports a glut of caddies not seen since the days of Arnie's Army.
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Old 07-08-2005, 12:51 PM   #3033
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What Ever Happended to the Jobless Recovery?

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Originally posted by sgtclub
http://www.foxnews.com/story/0,2933,161898,00.html

Unemployment drops to 5.0%, lowest since pre-9/11
Maybe that's why the army is having trouble recruiting?
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Old 07-08-2005, 12:56 PM   #3034
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What Ever Happended to the Jobless Recovery?

Quote:
Originally posted by sgtclub
http://www.foxnews.com/story/0,2933,161898,00.html

Unemployment drops to 5.0%, lowest since pre-9/11

Thank you tax cuts!
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Old 07-08-2005, 01:18 PM   #3035
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What Ever Happended to the Jobless Recovery?

Quote:
Originally posted by sgtclub
http://www.foxnews.com/story/0,2933,161898,00.html

Unemployment drops to 5.0%, lowest since pre-9/11
Ah yes, but as is so often true with Fox News, there's another shoe to drop. According to money.cnn.com:
  • But the department's survey of employers showed they added just 146,000 jobs to payrolls in June, up from a revised 104,000 in May. That was well short of the average forecast for a net gain of 195,000 jobs last month, according to economists surveyed by Briefing.com.

    "The improvement in the unemployment rate has been very steady, which looks very believable," said Mark Vitner, senior economist with Wachovia Securities. "It points to a probable undercount in (payroll) employment."

    June marked the ninth time in the last 12 months that employer payrolls came in weaker than forecasts. The 146,000 jobs added last month is barely enough to keep up with growth in the labor force, according to most economists, and it trailed the average increase of about 172,000 jobs a month added over the last 12 months.

    John Challenger, CEO of outplacement firm Challenger Gray & Christmas, said employers are clearly still more cautious about adding employees than in past expansions.

    "With the economy growing at a steady pace and healthy corporate earnings, the lack of much stronger job growth is a mystery," he said in a statement.

    Challenger said part of the problem is employers' doubts about the strength of the current economic expansion. He said there is "concern that a sudden jolt to the economy could bring down this house of cards," adding, "The terrorist attack in London yesterday serves as a reminder that we are still vulnerable."

Last edited by Sexual Harassment Panda; 07-08-2005 at 01:26 PM..
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Old 07-08-2005, 01:32 PM   #3036
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What Ever Happended to the Jobless Recovery?

Quote:
Originally posted by sgtclub
http://www.foxnews.com/story/0,2933,161898,00.html

Unemployment drops to 5.0%, lowest since pre-9/11
Missed Wall Street projections. Why aren't those tax cuts working?
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Old 07-08-2005, 01:37 PM   #3037
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What Ever Happended to the Jobless Recovery?

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Originally posted by Shape Shifter
Missed Wall Street projections. Why aren't those tax cuts working?
lingering malaise from the bubble that clinton burst?
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Old 07-08-2005, 01:38 PM   #3038
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What Ever Happended to the Jobless Recovery?

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Originally posted by Mmmm, Burger (C.J.)
lingering malaise from the bubble that clinton burst?
Penske?
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Old 07-08-2005, 01:41 PM   #3039
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What Ever Happended to the Jobless Recovery?

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Originally posted by Sexual Harassment Panda
Ah yes, but as is so often true with Fox News, there's another shoe to drop. According to money.cnn.com:
  • But the department's survey of employers showed they added just 146,000 jobs to payrolls in June, up from a revised 104,000 in May. That was well short of the average forecast for a net gain of 195,000 jobs last month, according to economists surveyed by Briefing.com.

    "The improvement in the unemployment rate has been very steady, which looks very believable," said Mark Vitner, senior economist with Wachovia Securities. "It points to a probable undercount in (payroll) employment."

    June marked the ninth time in the last 12 months that employer payrolls came in weaker than forecasts. The 146,000 jobs added last month is barely enough to keep up with growth in the labor force, according to most economists, and it trailed the average increase of about 172,000 jobs a month added over the last 12 months.

    John Challenger, CEO of outplacement firm Challenger Gray & Christmas, said employers are clearly still more cautious about adding employees than in past expansions.

    "With the economy growing at a steady pace and healthy corporate earnings, the lack of much stronger job growth is a mystery," he said in a statement.

    Challenger said part of the problem is employers' doubts about the strength of the current economic expansion. He said there is "concern that a sudden jolt to the economy could bring down this house of cards," adding, "The terrorist attack in London yesterday serves as a reminder that we are still vulnerable."
(1) The substance of the above is stated in the Fox article.

(2) 5% is 5% is 5%. You can quibble all you want, but it's well below average unemployment numbers over the last 40 years.
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Old 07-08-2005, 01:41 PM   #3040
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What Ever Happended to the Jobless Recovery?

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Originally posted by Shape Shifter
Missed Wall Street projections. Why aren't those tax cuts working?
Somehow, I know that Hilary is behind it.

[Cue to Penske to post the latest freeper PhotoShop effort].
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Old 07-08-2005, 01:42 PM   #3041
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Cite please?
Well, the Post citing Novak's "unnamed sources" has Rehnquist resigning by the end of the week. 11 hours 18 mins to go.
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Old 07-08-2005, 01:45 PM   #3042
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What Ever Happended to the Jobless Recovery?

Quote:
Originally posted by sgtclub
(1) The substance of the above is stated in the Fox article.

(2) 5% is 5% is 5%. You can quibble all you want, but it's well below average unemployment numbers over the last 40 years.

The comparison looks even better if you remove the Clinton Admin from the average.
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Old 07-08-2005, 01:49 PM   #3043
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Quote:
Originally posted by Mmmm, Burger (C.J.)
Well, the Post citing Novak's "unnamed sources" has Rehnquist resigning by the end of the week. 11 hours 18 mins to go.
Drinks are on me if he goes. I'll meet you at the Hawk and Dove at 6. If you get there earlier scope a few summer interns for us.
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Old 07-08-2005, 01:51 PM   #3044
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What Ever Happended to the Jobless Recovery?

Quote:
Originally posted by sgtclub
(1) The substance of the above is stated in the Fox article.

(2) 5% is 5% is 5%. You can quibble all you want, but it's well below average unemployment numbers over the last 40 years.
Oh come on. You're not that dense. You're trumpeting one statistic and ignoring a slew of others. F'instance, job cuts are up 35% in June. And it's clear that the administration has played games with the unemployment numbers, no different from other administrations except maybe in degree.

Overall, it seems to me like the economy is moving up, but very slowly.
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Old 07-08-2005, 01:52 PM   #3045
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What Ever Happended to the Jobless Recovery?

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Originally posted by sgtclub
(2) 5% is 5% is 5%. You can quibble all you want, but it's well below average unemployment numbers over the last 40 years.
Yes, but, those jobs aren't being filled with, you know, HAPPY people. People are going to work, and earning a wage, but most of them would rather be highly-compensated college professors, and so they are fated to die a slow but burning death borne of a sense of worthlessness.

And how about the people who never work, but who WOULD HAVE worked, if only Kerry, as president, would have asked them to? The disaffected unemployed?

I blame Bush.
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