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?Bullish? November Data
Mask An Ugly Truth About Jobs
Investors Business Daily, by?Editorial |
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Original Article |
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Posted By:StormCnter, 12/8/2012 6:05:06 AM |
| Economy: A rip-roarer for job creation and a major drop in the unemployment rate. At least, that?s how the mainstream media sum up November?s job numbers. But scratch the data and a different story surfaces. A lot of pundits thought the November jobs data were pretty good, with 146,000 new jobs and a drop in unemployment to 7.7%. But look closer, and you see recession mode. With nonfarm payrolls swelling by 146,000 and the jobless rate easing from 7.9% to 7.7%, November looked pretty good to many pundits. But the underlying trends aren?t so favorable,
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Reply 1 - Posted by:
pineledger, 12/8/2012 6:18:38 AM?????(No. 9054805)
"Pull the wool over their eyes."
--Barack Hussein Obama
[Mmmm, mmmm, mmmm]
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Reply 2 - Posted by:
Spidey, 12/8/2012 6:22:05 AM?????(No. 9054808)
Nobody?s asking if the job situation is so rosy in this country,why does Obama need another stimulus and unemployment extensions?
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Reply 3 - Posted by:
Country Boy, 12/8/2012 6:43:46 AM?????(No. 9054820)
Price of Apple Computer shares is caving in. Not a good sign at all.
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Reply 4 - Posted by:
Kansas Conservative, 12/8/2012 6:50:02 AM?????(No. 9054827)
We live in fictitious times with a fictitious president and media. This fictitious establishment takes dreadful U-6 numbers and magically turns them into a "rip-roarer" of job creation. The dumb electorate believes all the fictitious things that their president and his fictitious advisors tell them. My view is that the only ones who suffer from this state of affairs are the dolts who believe it and vote for it. Let them have their useful fictions for the next four years.
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Reply 5 - Posted by:
pineledger, 12/8/2012 7:03:15 AM?????(No. 9054838)
Does anyone know the total number of people who have left the work force since Zero ascended the throne? 350,000 last month alone.
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Reply 6 - Posted by:
cgood, 12/8/2012 7:18:23 AM?????(No. 9054863)
According to the article, 9.7 million people have left the work force since Obama?s reign began.
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Reply 7 - Posted by:
PeoplesRepublikNY, 12/8/2012 7:27:17 AM?????(No. 9054878)
Funny, you never hear public pronouncements of job creation figures revised DOWN 1-2 months later by Barry Soetoro?s Labor Dept.
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Reply 8 - Posted by:
kanphil, 12/8/2012 7:53:19 AM?????(No. 9054912)
Seventy-five percent of new jobs were in government? Why does the Republican House fund this growth in government? Let?s get rid of Boehner for a start.
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Reply 9 - Posted by:
MOBeef4u, 12/8/2012 7:54:21 AM?????(No. 9054914)
Hopefully those of us who know the truth will be better prepared to weather the storm. We?ll have to keep our heads down, remain inconspicuous, though.
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Reply 10 - Posted by:
Dodge Boy, 12/8/2012 7:59:08 AM?????(No. 9054919)
I don?t see why the msm feels the need to cover for Obie anymore now that the election is done. Pretty much just a bad habit now while the media outlets try to stay financially solvent.
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Reply 11 - Posted by:
Donna M, 12/8/2012 8:02:49 AM?????(No. 9054925)
Pretty soon we will have the Obummer version of ?Winterhilfe? to further deplete the savings of the middle and better-off, after the higher tax rates. Historians of the 1930s will know exactly what I?m referring to, and why.
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Reply 12 - Posted by:
planetgeo, 12/8/2012 8:04:46 AM?????(No. 9054927)
Headline writer misspelled bullshiite.
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Reply 13 - Posted by:
EnsignO?Toole, 12/8/2012 8:22:57 AM?????(No. 9054962)
#12 beat me to it - my first thought was what BS stands for.
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Reply 14 - Posted by:
LZK, 12/8/2012 8:32:44 AM?????(No. 9054982)
Com?on -- who believes the MSM? During Roosevelt and Kennedy the MSM covered up their "lies"..... So what?s new with the MSM today? Nothing.... The most important result of these years is -- WE have the internet and can easily find the truth.... AND -- let?s kick in "common sense"..... It?s Christmas time and part/time jobs are a dime a dozen. Sandy?s construction workers added to this -- but -- there isn?t one friend of mind here in the Heartland that believes the story line. Why -- in Park Ridge -- (where PIAPS grew up) the total population is 37,000. Now multiple that by four and that?s how many jobs were created ------ country wide WE?re talking about.... Com?on -- give it a rest.... LZK
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Reply 15 - Posted by:
beca, 12/8/2012 8:33:44 AM?????(No. 9054983)
the job pic just keeps getting worse and the press just keeps making it SEEM better.......off the cliff....sooner rather than later
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Reply 16 - Posted by:
bigken2, 12/8/2012 8:49:09 AM?????(No. 9055011)
anyone with any sense knows it is lowsy hopefully it will get visable to lots of the obama lovers soon
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Reply 17 - Posted by:
Maybeth, 12/8/2012 8:56:26 AM?????(No. 9055031)
It?s fairly easy to visualize a company releasing employees earning salaries of $100,000 .... and hiring ?new? employees to fill those same slots at $60,000.
.... I would also be interested in knowing how many of these wondrous 146,000 new jobs are in the retail market, where extra help in always hired at Christmastime. It?s not that I don?t trust employment-growth reports which come from the Obama administration. s/o
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Reply 18 - Posted by:
southernboy, 12/8/2012 9:07:57 AM?????(No. 9055049)
#8 "..Let?s get rid of Boehner for a start?" Amen to that!
FoxNews played a tape yesterday of him ?speaking? about the GOP position on the ?fiscal cliff.? He was basically reading it from a paper and didn?t even sound like he believed it. We need someone with a passionate belief in a conservative America?.and soon.
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Reply 19 - Posted by:
gone2pot, 12/8/2012 9:12:37 AM?????(No. 9055052)
Mike "Mish" Shedlock details the fraudulent numbers with graphs made by ZeroHedge using BLS data. Upshot-more part time jobs added, less hours per week per worker and of course, another rise in out of labor force drop off?s. The BLS U-6 unemployment rate ROSE to 14.4%. The part time and lower hours nonsense is the new reporting standard that will be used to fool the majority of voters, most of whom are unemployed and on the gummint sugar paps, work for unions or work in state and federal gov?t jobs, all lovers of communism we now know.
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Economy: A rip-roarer for job creation and a major drop in the unemployment rate. At least, that?s how the mainstream media sum up November?s job numbers. But scratch the data and a different story surfaces. A lot of pundits thought the November jobs data were pretty good, with 146,000 new jobs and a drop in unemployment to 7.7%. But look closer, and you see recession mode. With nonfarm payrolls swelling by 146,000 and the jobless rate easing from 7.9% to 7.7%, November looked pretty good to many pundits. But the underlying trends aren?t so favorable,
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