New Economic data out! - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 09-03-2004, 09:07 AM   #1
Rock n' Roll Doggie
FOB
 
Join Date: Oct 2001
Posts: 8,876
Local Time: 02:26 PM
New Economic data out!

Job figures for June and July were revised upwards and Job growth in August was strong. Unemployment has dropped again, now down to 5.4%! This was just released about an hour ago.

Very good news for Bush!

__________________

__________________
STING2 is offline  
Old 09-03-2004, 09:11 AM   #2
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 06:26 AM
Bad news for the economic "girlie men"
__________________

__________________
nbcrusader is offline  
Old 09-03-2004, 09:43 AM   #3
Rock n' Roll Doggie
Band-aid
 
DrTeeth's Avatar
 
Join Date: Sep 2000
Location: The Q continuum
Posts: 4,770
Local Time: 03:26 PM
Good news for the former unemployed mostly.
__________________
DrTeeth is offline  
Old 09-03-2004, 09:44 AM   #4
Refugee
 
Klaus's Avatar
 
Join Date: Sep 2002
Location: on a one of these small green spots at that blue planet at the end of the milky way
Posts: 2,432
Local Time: 03:26 PM
STING2
sounds good

nbc
well i know you ment it as a joke but i know people who really disslike this "girlie men" thing so maybee we can use other words...
__________________
Klaus is offline  
Old 09-03-2004, 10:21 AM   #5
Refugee
 
cydewaze's Avatar
 
Join Date: Feb 2003
Location: Maryland, USA
Posts: 1,256
Local Time: 10:26 AM
Interesting that we still have a net job loss since Bush took office. If I was put in charge of a company, and I lost $1 million in the first half of the year, and made back $500k in the second half of the year, would I still get to keep my job?
__________________
cydewaze is offline  
Old 09-03-2004, 11:13 AM   #6
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 06:26 AM
Quote:
Originally posted by cydewaze
Interesting that we still have a net job loss since Bush took office. If I was put in charge of a company, and I lost $1 million in the first half of the year, and made back $500k in the second half of the year, would I still get to keep my job?
Depends how bad the company was messed up before you took over and if there were other external factors involved....
__________________
nbcrusader is offline  
Old 09-03-2004, 02:11 PM   #7
Refugee
 
ThatGuy's Avatar
 
Join Date: Apr 2001
Location: Vertigo
Posts: 1,277
Local Time: 06:26 AM
In February they projected the creation of 1.7 million more jobs at this point than have actually been created. What happened?

EDITED TO ADD: Actually, I'm not sure about the 1.7 million. But we were supposed to add 2.6 million jobs this year. How close are we to that goal?
__________________
ThatGuy is offline  
Old 09-03-2004, 03:56 PM   #8
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,501
Local Time: 06:26 AM
I hope it is true.


I know more and more people that are losing their jobs.



Quote:
the government reported Friday, in one of the last big employment reports before the November election.
Sting,

I hope this is not like the report you posted that said terrorism was down due to Bush.

only to have Powell have to admit that report was rubbish and terror was up dramatically.
__________________
deep is offline  
Old 09-03-2004, 05:11 PM   #9
Rock n' Roll Doggie
ALL ACCESS
 
ILuvLarryMullen's Avatar
 
Join Date: Jun 2002
Location: in the sunshine
Posts: 6,904
Local Time: 06:26 AM
Sting is right, 144,000 new jobs have been created.


I think the recent report that over a million additional people that have fallen into poverty kind of cancels it out though
__________________
ILuvLarryMullen is offline  
Old 09-03-2004, 06:12 PM   #10
Rock n' Roll Doggie
FOB
 
Join Date: Oct 2001
Posts: 8,876
Local Time: 02:26 PM
Quote:
Originally posted by deep
I hope it is true.


I know more and more people that are losing their jobs.





Sting,

I hope this is not like the report you posted that said terrorism was down due to Bush.

only to have Powell have to admit that report was rubbish and terror was up dramatically.
Powell did not say the report was "rubbish" and no report has said that terrorism is dramatically up to the degree your suggesting. In fact, the new report stated that the level of terrorism was about where it was in 1983. That does not sound terrible to me.

In fact there are a couple of new reports stating that war in general has dramatically dropped over the past 10 years.

We all know the Kerry campaign is disappointed today.

There is only one statistic that the Kerry camp is clinging to on the economy, and it is debatable if that statistic is even accurate.

W now has a lower unemployment rate than when Bill Clinton was re-elected in 1996. Unemployment may very well fall to below 5% by January.
__________________
STING2 is offline  
Old 09-03-2004, 07:40 PM   #11
pax
ONE
love, blood, life
 
pax's Avatar
 
Join Date: Nov 2001
Location: Ewen's new American home
Posts: 11,412
Local Time: 10:26 AM
What kind of jobs are they, though? If 10,000 unemployed engineers and laborers who were making $15-$20/hour are now working for minimum wage at McDonald's or Wal-Mart, I wouldn't call that a good report.

ILLM makes a good point: The numbers on families in poverty are still way, way up. Creation of jobs that pay minimum wage or slightly above it isn't going to help that stat.
__________________
and you hunger for the time
time to heal, desire, time


Join Amnesty.
pax is offline  
Old 09-03-2004, 08:20 PM   #12
you are what you is
 
Salome's Avatar
 
Join Date: Jul 2000
Location: Netherlands
Posts: 22,016
Local Time: 03:26 PM
ouch

more people working =
more people with money to spend =
a growing demand on products =
inflation

I hope this news won't hurt Bush' campaig too much
because it would be foolish to suggest he can control all economic mutations
__________________
“Some scientists claim that hydrogen, because it is so plentiful, is the basic building block of the universe. I dispute that. I say there is more stupidity than hydrogen, and that is the basic building block of the universe.”
~Frank Zappa
Salome is offline  
Old 09-03-2004, 08:57 PM   #13
Refugee
 
Danospano's Avatar
 
Join Date: Jun 2000
Location: Oklahoma
Posts: 1,415
Local Time: 09:26 AM
Yeah, paxetaurora is on the right track. I would desperately want to believe that our economy was improving, but the jobs that are replacing the old ones are minimum wage service jobs. That means people are working harder, for less...and are just barely making ends meet.
__________________
Danospano is offline  
Old 09-03-2004, 10:42 PM   #14
Rock n' Roll Doggie
FOB
 
Join Date: Oct 2001
Posts: 8,876
Local Time: 02:26 PM
Its amazing, democrats in the Clinton era would be dancing and cheering over this kind of news. Also, with the poverty statistics, what precisely was the time period covered for the report. I ask that because sometimes there can be up to a 1 to 2 year lag between the time that the data is taken and the final report that is posted with its findings. I have no doubt that the poverty rate from 2002 to 2003 increased because unemployment was still increasing during that time as well. But unemployment since September 2003 has been falling. Also, if poverty in the time period prior to the reports time period had been some how undereported, that could also explain the increase.

The major economic variables, GDP growth, unemployment, and inflation all indicate a strong economy. The fact is, consumer spending is up, and that would not be possible if as some have suggested in hear, a substantial number of people with high paying jobs were now making minimum wage. The strong GDP growth the economy is having is impossible without strong consumer spending.
__________________
STING2 is offline  
Old 09-03-2004, 10:47 PM   #15
New Yorker
 
Flying FuManchu's Avatar
 
Join Date: Oct 2000
Location: Used to live in Chambana. For now the Mid-South.
Posts: 3,149
Local Time: 09:26 AM
If you look at the reports... jobs in every sector have been added over the past year... manufacturing, health care, social assistance, financial services and professional services like computer systems design, etc. These are non-farm jobs that are listed in the report. Of course people want to think that all the jobs this year are coming from Mickey D's.


I don't see how people keep ignoring the tech bubble and 9/11 as not having an effect on why jobs have been lost. Also people ignore the fact that un-employment at 5.4 % when compared to 70s, 80s, 90s ... is alright. Employment will never reach 0% or even 3% to be honest.

Also what is a minimum wage service job?
__________________

__________________
Flying FuManchu is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
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 Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 09:26 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com