Quantitative Data About Unemployment
Here's an interesting chart with some data about how many jobs have been lost and the years those losses occurred.
http://data.bls.gov/PDQ/graphics/CES...5768894699.gif http://i46.tinypic.com/11tpx7n.jpg Bureau of Labor Statistics Data I'll let the vultures form their own opinions. |
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Counting the unemployed is like counting striper C&R!
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I does show a significant slowing in jobs lost in the last few months.
It also shows significant actual jobs created during 6 of the 8 Bush years after a slumping economy that he inherited. |
The economy is not in free fall, but without positive job growth those who are currently unemployed will remain so.
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I did remember hearing though that the retail jobs held pretty steady in Jan/10. That's a good sign, but the only 2 areas that had true job growth were N.Dakota and Washington DC. Big G is doing ok for itself. |
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Let's see: His first year was a complete bust. Second year, complete bust. Third year, hovering around even. Forth, fifth and sixth years were good; I'll give him that, but they also lead up to the financial bubble busting. Seventh year started to slow. Eighth year completely terrible. I'd say only 3 1/2 years had "significant actual jobs created". A year and a half were break-even years. And 3 years were completely in the toilet. |
This is an apolitial obsercation.Chart aside, Obama said unemplyment (state of the union) is @ 10%. 1 in 10 Americans out of work. Now in good times, unemplyoment is @ 5%. So around 5% of Americans are out of work, more than normal.
So does it make sense to spend more $ on jobs bills and other stimulus for 5% of the population? I know people are suffering out of work, but it seems like a small amount? The reality is 90% of people are still working. Just a thought. |
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The unemployment rate is deceiving. You need to evaluate unemployment against the rate at which a democracy is sustainable, and that rate is far less than 100%. If unemployment were to rise to someplace in the high low-high 30% range, the type of democracy and free market economy we've enjoyed becomes very likely to degrade.
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Stimulus monies are suppose to stimulate the economy.
Why was stimulus monies funneled to support unemployment? :wall: Where is the stimulation? :smash: |
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