About That 10% Unemployment Rate
Tags: Obama Depression, Unemployment.
Click here to get Caucus of Corruption: The Truth About The New Democratic Majority by Matt Margolis and Mark Noonan.
Mish, once again, goes over the real numbers and, among many other things, shows this:
Highlights
* 11,000 jobs were lost in total vs. 190,000 jobs last month.
* 27,000 construction jobs were lost vs. 62,000 last month.
* 41,000 manufacturing jobs were lost vs. 61,000 last month.
* 58,000 service providing jobs were added vs. 61,000 lost last month.
* 15,000 retail trade jobs were lost vs. 40,000 last month.
* 86,000 professional and business services jobs were added vs. 18,000 added last month.
* 40,000 education and health services jobs were added vs. 45,000 added last month.
* 11,000 leisure and hospitality jobs were lost vs. 37,000 last month.
* 07,000 government jobs were added vs. 0 added last month.A total of 69,000 goods producing jobs were lost (higher paying jobs). Retail and professional services contributed massively to to the plus side.
In my view, this is very bad – and I highly suspect the 86,000 number for “professional and business service” jobs, as well as the 58,000 for “service providing”. It seems to me that the numbers for October and November were tailor-made to have jobs lost number come in just where, say, a banker or bureaucrat would want it to be – presuming that said bankers and bureaucrats want us to doubt our lying eyes and believe them about the state of the economy.
But even if these numbers are rock-solid, the loss of 102,000 manufacturing jobs and 89,000 construction jobs over the past two months indicates to me that if we are growing our economy, we’re growing it in the wrong way. We need to be doing more real work and less paper shuffling – the jobs numbers indicate that whatever growth we’re having, its at the expense of those who actually create wealth.
We need to return to the economy of making, mining and growing our own stuff – until we do, we’re just spinning our wheels.
Thank you for visiting Blogs For Victory. If you enjoy our content, please consider making a donation to help us cover the costs of our servers.Mark Noonan is co-author (with Matt Margolis) of Caucus of Corruption: The Truth About The New Democratic Majority. He also blogs at Nevada News and Views. Follow Mark on Twitter.
32 Responses to “About That 10% Unemployment Rate”
Caucus of Corruption
We need to return to the economy of making, mining and growing our own stuff – until we do, we’re just spinning our wheels.
Spinning our wheels? He’s playing politics with everyone’s life. Printing money, “creating or saving jobs,” it’s all smoke and mirrors.
And the left absolutely refuses to recognize it. Party before people should be their motto.
I HATE LIBERALS!!!
Of course Mark in your view this is bad. It it the very worst news that a conservative could possibly get right now or for the next 35 months. If the economu continues to improve small gains in the House and Senate by the GOP in 2010 will be reversed in 2012 along with a resounding victory of the incumbent president. From what i read you haven’t been right about much choosing party loyalty and moral ideology over formulating ideas or supporting good ideas because they are prsented by the opposition in power.
But I get it. When you are a partisan you have to be all in even if you know you are going to go down in flames. That’s what you did with McCain and that’s what you will do with Palin if she runs even though you know she has absolutely no chance of carrying California, Florida or New York in a head to head with Obama because men thinking about atom bombs and Muslim terrorists when it comes to crunch time they would prefer to have a black male hand of Barack Obama on that button than the shaky white female hand of Sarah Palin. Moderate women don’t care much for Ms Palin either. I just hope she runs because it will be the best goat rodeo of all time! And if she wins and she drags the United States into the abyss or has to be forced from office for incompetence then you can rename your blog, “Blogs for I’m So Sorry What Can I Possibly Do To Make It Up to You!” or “Blogs for I Have Failed My Country” I could go on all day but I do have to get dress and get to work.
sadie,
not too long ago, modern liberal looters were saying that the low unemployment rate of 5% Bush experienced was an economy in deepening recession. Now, acoording to the same looters and their lemming moochers, an economy of 10% unemployment is a recovery.
Amazing what happens when a different party is in the White House. The looters are “all in” as well as their lemming moochers in their mantra.
But then again, you are in favor of lies and deceit in order to keep any non-modern liberal looter out of the White House.
You are truly one pathetic individual.
But even if these numbers are rock-solid, the loss of 102,000 manufacturing jobs and 89,000 construction jobs over the past two months indicates to me that if we are growing our economy, we’re growing it in the wrong way.
The shovels for all those “shovel-ready” jobs must be on back-order.
the jobs numbers indicate that whatever growth we’re having, its at the expense of those who actually create wealth.
I’m convinced, beyond a shadow of a doubt, that the relationship between wealth creation and a vibrant economy is a concept that completely escapes most on the Left. I give it, at most, a year or two for the concept to smack them upside the head so hard that only the completely brain-dead will not realize what they’ve gotten themselves into.
tiredoflibs,
I’ve heard that unemployment is a lagging indicator. It is not the first sign of a recession and that’s why there was a recession in the late summer of 2007 building and it could be seen clearly by December 2007. In that time conservatives like you shouted, terrified at the prospect of dealing with a failing economy and failing wars abroad, that there was no recession until the job growth numbers tanked and then you pointed the blame at the Democratic Congress which you could find no credit for moths earlier when conservative parroted the numbers of consecutive months of jobs growth.
You neither care anything about the economy or the people afeected by job loss. To conservatives this is just a game of “how can we blame liberals for an economic downturn caused by the malfeasance of the US banking and mortgage insudtry and get back into power?”
What a joke this is. The good thing is the conservative base and the number of swayable moderates isn’t large enough for your side to ever have the power you held briefly after 2004. It was very easy to bring that regime down in one midterm election cycle. Ouch!
did yo momma ever tell ya how wrong yu wuz sadie?
ya shoulda listened to yo momma stooge
Ten percent unemployment is going to be looked back on as the good ol’ days if these fools get their way.
wow, sadie. Can you be any more transparent?
You are willing to pin 100% of the blame where it is not deserved and are unwilling to place blame where it is.
Oh, yes. Let’s blame Bush for a recession when there is no recession, according to the proper indicators.
And at the same time, credit Obamateur for a recovefry that does not exist. According to looters and lemming moochers, we are in a recovery because the job loss rate was lower this month than last. The liberals took power in Congress in 2006 and did nothing, NOTHING to stop the downfall of the economy, which they kept “predicting” and/or claiming. WHY? – because they wanted the White House in 2008.
If anyone is playing games with the American worker is you on the left. Party before country. Well all legislation to “fix the economy” by Obamateur and the looters have fallen flat. The “stimulus plan” has been nothing but a political slush fund for loyal districts. Passing it immediately was to keep unemployment from surpassing 8.5%. How’s that working for the American people, who are going to have to pay for that scam?
Remember you have admitted as to seeing no problem with lying and deceiving if it will keep the non modern liberals out of office.
You have been rightfully tagged as a useful idiot, lemming moocher. Your transparency is without a doubt. Go to the mindless KOS or democraticunderground.com ans sing the praises of obamateur 24/7.
you make me sick.
Sadie,
In this post there is no mention of the words “Democrat”, “Obama”, “Liberal” or, indeed, anything to indicate that the author is a conservative – which facts make your comments the ramblings of a fool, or you’re a paid shill for leftist sites. Pick one, you have no other choices.
Someone evidently decided that the next resident troll should be identified as a female, with a girlie-sounding name. Why not? We’ve had fake blacks, fake Brits, fake lesbians, a fake gay guy, sometimes fakes who combine a couple of the above. No reason we shouldn’t have a new girlie-girl parroting the same old same old.
Sadie-my-lass, do tell us where you sit before you lecture us on where you stand. Where do you put yourself on the political spectrum? And why? What is your position on, say, “From each according to his ability, to each according to his needs”? Do you have an emotional response to “workers of the world, unite”? and is it positive or a shudder of distaste?
How do you feel about the Constitution? For or agin? Is it the outline for a successful America or just a bunch of words, a “living document” to be redefined as convenient? Do you agree with the allegedly brilliant alleged Constitutional scholar who claims that the Constitution only restricts?
How do you define a Conservative? As we define ourselves—that is to say, as people who believe the Constitution of the United States is the law of the land and that every law and action must conform to it—- or do you have another definition?
Do you really possess the hyper-emotional bias against consevatives that shows up in your posts? If so, why?
Now that you have had a few chances to tell us what you are AGAINST, how about telling us what you are FOR? And why……
Why are you here?
I’m going with shill—-and with a fake persona, as well
Amazona,
Shill is where I come down, too.
and with a fake persona, as well
I’m beginning to think such description may apply to CO as well. How many Canadians do you know who talk like this:
Y’all? Y’ALL? Not even an “eh” at the end. Sounds like something’s rotten in kay bek.
Mark/spook
I noticed that about CO also.
sadie= a new FORKER???
Yeah, guys, I think we gots us another coupla phonies. I always thought CO was just using the cover of a different nationality, just as forkers have, in the Lefty belief that other nations have more credibility than we do, and that the opinion of a furriner would carry more weight. The fake Brits used to crack me up, depending on the repetition of the word “bloody” and “USD” to establish themselves as British, and CO is obviously a plant as well.
Which is a compliment to you, Mark and Matt—-you are clearly seen as significant enough to direct resources to, to try to pollute the site if not debunk what is said here.
The conservatives here clearly have distinct voices, but the Liberals all sound the same—except for orrin and casper, who can’t be bothered to learn enough propganda to be shills. They are just silly.
I pegged Sophie on the first post but let her(?) take a little more rope before calling her(?) on it. And I have repeatedly called CO on being a phony. (There is no way he is Canadian—he didn’t recognize the Trailer Park Boys references..)
I vote to ban CO and “Sophie” on grounds of weaselness.
Sophie, Sadie, they’re all the same. I don’t bother to try to sort them out.
Amazona
I vote to ban CO and “Sophie” on grounds of weaselness.
Exactly,
I used to ask why a foreigner would give a SHIITE so much about American politics, as to go on line every day to argue about it……
I know the forkers are are part of media matters and sarah bloch head once admitting getting paid to blog by an ACORN grant.
Sergio dropoff once admitted to belonging to a group who tracked conservatives on the net……agent provocateurs all.
Of course, you guys do know that employment is a lagging indicator of economic growth, right? I mean, that’s why unemployment didn’t start increasing in earnest until mid to late 2008 while the recession started in December of 2007.
A better stat to look at is, instead of manufacturing employment, to look at manufacturing hours worked. Hours worked will typically increase before employment because workers will prefer to make existing employees work more hours during the beginning of a recovery and not undergo the expensive process of training new employees before they know the recovery is going to stick.
Ah, froggie is back, croaking the old Lefty party line. A “lagging indicator” is the buzzword of the day, though it will undoubtedly be bumped by that old favorite, “out of context” when the need arises.
“rana” = frog
“fuerte” = strong
and possibly related, “perrirojo” means “redhead”
Amazona
CO = Montreal canuck also = frog
dont forget the other buzzword of the day “GREED”
As I said earlier, once I nail a poster as one of the Usual Suspects I know pretty much what to expect so I skip over most of the BS they regurgitate. But coming back to this thread and scanning down through the posts, something jumped out at me.
If there was ever any doubt that Sadie is a forker, all you have to do is look at this weird combination of racism and sexism to see the old pitchfork hatred seething away. ” men thinking about atom bombs and Muslim terrorists when it comes to crunch time they would prefer to have a black male hand of Barack Obama on that button than the shaky white female hand of Sarah Palin.”
Now, the forkers may in fact be female, but if so are the most self-hating females I have ever heard of. This particular nugget of general nastiness shows loathing of women and an assumption of racial hatred as well.
And by the way, given a choice of which hand would be shakier on the button, or the trigger, I’d bet against Barry any day. Barry can’t even summon the huevos to do what his hand-picked advisor told him to do, and I can’t imagine him ever finding them if necessary in a real, as opposed to created, crisis, but Sarah is tough and strong.
When I saw Blind Side, I thought that the main character, played by Sandra Bullock, was more like the strong women I know and love, and more like Sarah Palin, than any limp-wristed Lefty could realize. The problem is that so many strident Lefty women expect strength to look like Janet Reno or Janet Napolitano—they want their women to look and act like buffaloes, and can’t deal with strong and capable women who are also feminine and good-looking.
Which I am sure is based on what they see in the mirror than a real-world evaluation of strong competent women.
sadie is a paid shill from the Brimstone.
http://www.blogger.com/profile/06776937225927726828
Typical and sickening – admits to lying to keep non-modern liberals out of office is a good thing.
tired
WOO HOO
I can smell those trolls a mile away…
#
neocon1 says:
December 7th, 2009 at 1:42 pm
Mark/spook
I noticed that about CO also.
sadie= a new FORKER???
neocon-
Why do you think I’m Canadian? Born, raised, and currently live in the American South East.
Amazona-
The fact that unemployment is a lagging indicator is a liberal talking point?
Try telling that to Former Chairman of Bush’s Council of Economic Advisers Greg Mankiw
*Note, Mankiw was talking about the recovery from the 2001 recession at this time, this comment was made in 2003.
However, if mainstream economic theory is just made up of “liberal talking-points” to you, then you really are beyond all hope of rational discourse on policy.
DUHHHHHH
CO = Montreal canuck also = frog
CO = CANADIAN OBSERVER F R O M …….montreal = french canadian = FROG.
jeesh
no wonder you fell for this HOAX.
I could go on all day but I do have to get dress and get to work. – sadie
After reading many of your posts, I would have sworn that you worked undressed.
Rana,
You live in the SE? Amongst the very people your party, and other liberals call gun toting, bible thumping morons? That’s a surprise.
Employment often is a lagging indicator but it is also the line used by many that still support failing policies. W leading indicator would be the fact that consumer credit is currently on a 9 month decline. In other words, consumer spending, which accounts for approx. 70% of the economy, and the credit used to fuel that is historically low due to consumer confidence, or lack thereof.
sadie is a paid shill from the Brimstone.
Nice catch, tired. I know I’m going to get into trouble for this, but nice body too.
spook
I know I’m going to get into trouble for this, but nice body too.
LOL
brings writing notes on sticky pads to whole new level.
“I know I’m going to get into trouble for this, but nice body too.”
That’s not her. She cannot be honest enough to post her own picture.
Given her/their knee-jerk loathing of attractive women, I am surprised she would try to pass herself off as one. But then, at various time we have had a ’straight pretty woman’ a ‘lesbian’ a ‘gay guy’ very skilled at fellatio’ (whose worst insult to me was to claim I am what he is proud of being) a ‘lead economist’—I guess it not a surprise to pose as an attractive woman, in spite of the threat attractive women evidently pose to these poor sad losers.
But I’m guessing the attractiveness is no more genuine than any of the other creepy personas.
froggie, OF COURSE employment figures are a lagging indicator. I was only commenting on how that is being used as an excuse by kneepad apologists.
You all had hissy fits at 5% unemployment under Bush and now you are scrambling to excuse twice that under The One We Have All Been Waiting For.
I was just making fun of Lib excuses.