DescentBB

88,000 job created last month. that doesnt keep up with the population growth
63% job participation rate. the lowest since the Carter administration.
385,000 new unemployment claims.
250,000 stopped looking for work which is why the unemployment dipped to 7.6%


Doesn't look good for our economy

Heard this one the radio this morning.

Is this crap sequester related? Seems weird to have such a large drop from the last few months.

CobGobbler wrote:Heard this one the radio this morning.

Is this crap sequester related? Seems weird to have such a large drop from the last few months.

NO. these are March numbers sequester effects have not yet started and will not for a couple of months

It's only a monthly report. It's not enough data to gauge the health trend of the economy.....yet. Give it a full year, then carp about it.

tunnelcat wrote:It's only a monthly report. It's not enough data to gauge the health trend of the economy.....yet. Give it a full year, then carp about it.

it's been 4

If you're looking at trends, I'd suggest posting the progression of those numbers over those last 4 years, rather than a single month's values.

If you want to know how the economy is doing just look around…oh, I’m sorry, I forgot personal experience is meaningless, only some big official stats have any validity.

Foil wrote:If you're looking at trends, I'd suggest posting the progression of those numbers over those last 4 years, rather than a single month's values.

For all of 2012, the economy grew 2.2 percent, after a 1.8 percent increase in 2011 and a 2.4 percent gain in 2010. Since the recession ended in mid-2009, the economy has expanded at subpar rates as a string of problems including higher gas prices and Europe’s debt crisis has acted as a drag on the United States economy.

and the Government says 5% Growth is what is needed. seems like we are just a TAD below that.

Spidey wrote:If you want to know how the economy is doing just look around…oh, I’m sorry, I forgot personal experience is meaningless, only some big official stats have any validity.

★■◆●, if I look around Greenville, SC I'd say the country is doing quite well. Lots of construction and new businesses opening up, it actually looks like quite a boom! Thanks Spidey!!

CobGobbler wrote:

Spidey wrote:If you want to know how the economy is doing just look around…oh, I’m sorry, I forgot personal experience is meaningless, only some big official stats have any validity.

****, if I look around Greenville, SC I'd say the country is doing quite well. Lots of construction and new businesses opening up, it actually looks like quite a boom! Thanks Spidey!!

So when it turns out that the economy crashes- it will be Bush's fault.

??

Foil wrote:If you're looking at trends, I'd suggest posting the progression of those numbers over those last 4 years, rather than a single month's values.

Take a look at the claim fall off for people looking for employment. Likes like a lot of discouraged workers, or perhaps retiring baby boomers that are influencing the numbers.

CUDA wrote:it's been 4

And both graphs pretty much show the same trends after every recession. Trends do tend to repeat themselves the same way over and over because our system just works that way. Why is the tenure under Obama any different. If anything, the recession caused by Bush was pretty bad. The higher the cliff, the bigger the fall, so getting over it is going to take a long time. But here's the GDP. I see it's still rising.

http://finance.yahoo.com/news/meet-f-35 ... 12833.html

This is why we are bankrupt. $200 million per plane. And they aren't even used.

Not just that little unused play toy, but all of the wars since 2001, most of it from Bush's Follies. And the fact he cut taxes while he went to war exacerbated the debt he created. No Republican griped about it then, so they should quit griping about their debt now.

1.4 TRILLION and counting

Thats right everone its all Bush's fault. No one before OR especially after. GW has ruined the WORLD

tunnelcat wrote:Not just that little unused play toy, but all of the wars since 2001, most of it from Bush's Follies. And the fact he cut taxes while he went to war exacerbated the debt he created. No Republican griped about it then, so they should quit griping about their debt now.

1.4 TRILLION and counting

All well and good....selectively anyway. But going to war imposes a relatively finite financial burden on the revenue stream.
Obama has created a more expensive fiscal burden that will be there year after year after decade after decade right up until the collapse.

We can pay off the Iraq war....you'll never payoff Obamacare. You never could and I don't see you or any democrats complaining about that!

CUDA wrote:Thats right everone its all Bush's fault. No one before OR especially after. GW has ruined the WORLD

Well, not only did he bankrupt us with his unnecessary 2 wars, that he didn't even try to pay for by the way (in fact, he ran it up on our children's national credit card since he went and cut taxes at the same time), he ruined our stature around the world with his torture renditions and the idea that proactive wars started by the U.S. are something the rest of the world should just suck up and enjoy. He also gave Obama, and every future president THAT SAME POWER. Nice. Face it, Bush was a major f**k up in the history of f**ked up presidents. I'll wait to pass judgement on Obama until he's finished his term. So far, he's not looking to good in the eyes of history, or mine for that matter, but hey, when he's got THIS bunch of Republican sticks-in-the-mud determined to undermine him at every turn and a party of wussy Democrats with no backbone not backing him up in Congress, how can he possibly succeed?

Will Robinson wrote:All well and good....selectively anyway. But going to war imposes a relatively finite financial burden on the revenue stream.
Obama has created a more expensive fiscal burden that will be there year after year after decade after decade right up until the collapse.

We can pay off the Iraq war....you'll never payoff Obamacare. You never could and I don't see you or any democrats complaining about that

Oh, I'm afraid I DO agree with you on Obamacare. I never said it was the greatest idea since sliced bread. It's a time bomb that's going to be worse in the future than both of Bush's wars combined. But even if Obamacare didn't exist, we'd still have a looming healthcare problem in this country that will eventually bankrupt us, no matter what Obama or anyone else does about it. Why? Because no one wants to hear that our privatized system is a form of free market rationing that's no different than those dreaded government death panels. There is NO WAY ON EARTH that everyone can get ALL THE HEALTHCARE THEY DESIRE at low cost, which is what Americans seem to want.