Pre-Election Jobs Report Shows Some Gain; Rate 7.9%

page: 1
3

log in

join

posted on Nov, 2 2012 @ 08:01 AM
link   


American job creation improved in October with 171,000 new jobs but the unemployment rate moved higher to 7.9 percent, setting the stage for a final push to the finish line in the heated presidential campaign.


So the numbers are in! Unemployments UP .1% from last month. What's rather interesting is the unemployment rate for African-Americans.



But unemployment for blacks showed the highest increase in the survey, surging to 14.3 percent from 13.4 percent.


The government is also revising figures from previous months...



There were 114,000 new jobs initially reported in September, but that number was revised up to 148,000 Friday. August's numbers also were revised higher, from 142,000 to 192,000.


Interesting stuff for sure,, what do you think??

My source yo
edit on 2-11-2012 by doesntmakesense because: grammar and such




posted on Nov, 2 2012 @ 08:06 AM
link   
reply to post by doesntmakesense
 


Too little. Too late, unfortunately.

I personally expected more from our current President. 4 years is a long time, to get our economy back on track.
A few days, before our Nation is going to vote? I find this questionable.



posted on Nov, 2 2012 @ 08:11 AM
link   
Obama could be president for the next 20 years and the numbers wouldn't change.

Why?

Because government desn't hire people. Companies, corporatons, businesses do.

And as long as government is unfriendly towards business (imposing more taxes, rules, regulations) it'll never change.



posted on Nov, 2 2012 @ 08:14 AM
link   



I personally expected more from our current President. 4 years is a long time, to get our economy back on track.
A few days, before our Nation is going to vote? I find this questionable.






I do as well, its just whitewashing the facts to gain popular vote.......but the truth is if your out in the real world you can see it clear as day. Their is no growth there is not more jobs in my area im seeing less and less work on a daily.

Small business is screwed here. I see places open doors and close them in under a month. No one has money to spend.

The other thing is, why buy good ole American products when you can get for a buck or two cheaper at Walmart. By "rolling back prices" you only create a dependency for foreign crap that is worthless, all the while chasing away the good jobs because they cant compete with the Chinese crap that's mass produced for a plate of fish heads and rice.



posted on Nov, 2 2012 @ 08:16 AM
link   

Originally posted by shaneslaughta






I do as well, its just whitewashing the facts to gain popular vote.......but the truth is if your out in the real world you can see it clear as day. Their is no growth there is not more jobs in my area im seeing less and less work on a daily.

Small business is screwed here. I see places open doors and close them in under a month. No one has money to spend.

The other thing is, why buy good ole American products when you can get for a buck or two cheaper at Walmart. By "rolling back prices" you only create a dependency for foreign crap that is worthless, all the while chasing away the good jobs because they cant compete with the Chinese crap that's mass produced for a plate of fish heads and rice.



Speaking to the choir on this......



Well said though.






posted on Nov, 2 2012 @ 08:26 AM
link   

Originally posted by beezzer
Obama could be president for the next 20 years and the numbers wouldn't change.

Why?

Because government desn't hire people. Companies, corporatons, businesses do.

And as long as government is unfriendly towards business (imposing more taxes, rules, regulations) it'll never change.


If we got rid of every regulations including those sponsored by businesses to keep out competition, business will still not come back. The problem is that Americans simply aren't willing to work for ten dollars a day while living in tin shacks.



posted on Nov, 2 2012 @ 08:35 AM
link   
If we were a self sufficient nation we could lower our overhead because we would have the income from taxes to cover everything from the interstates to entitlement systems.

More jobs mean more workers to tax...more taxable people equals less people that have to flip the bill.



posted on Nov, 2 2012 @ 08:38 AM
link   
NPR had a little report this morning about how most minorities still support Obama but the intellectual minorities (academics mostly) are faltering if not outright stating they no longer support him citing his apparent disregard for minority problems and lack of follow through on his previous promises.

None stated support for Romney either.

Not surprising. If you're actually a thinking human being sooner or later you have to come to the conclusion that politics is simply sports for people who pretend they are smart and any government ruling over you is an abomination.



posted on Nov, 2 2012 @ 08:40 AM
link   

Originally posted by Kaploink

Originally posted by beezzer
Obama could be president for the next 20 years and the numbers wouldn't change.

Why?

Because government desn't hire people. Companies, corporatons, businesses do.

And as long as government is unfriendly towards business (imposing more taxes, rules, regulations) it'll never change.


If we got rid of every regulations including those sponsored by businesses to keep out competition, business will still not come back. The problem is that Americans simply aren't willing to work for ten dollars a day while living in tin shacks.


A business has 2 choices in America.

Pay the people a good wage, or go out of business.

Getting government involved in the hiring of business is an ism, communism, socialism, any ism but capitalism.



posted on Nov, 2 2012 @ 08:41 AM
link   
reply to post by Kaploink
 


I could be way off. Wouldn't ending 'free trade agreements" with countries that do not require a living wage have the effect of bringing our jobs back? I agree that as long as a company can hire someone at $.35 an hour, they will never hire where $20 an hour is required. Is that not a form of regulation?



posted on Nov, 2 2012 @ 08:52 AM
link   
reply to post by doesntmakesense
 


Interesting that the government can not even boost the Job report enough to make it look like its doing its job, in other words The present administration job boosting promise is nothing but a scam

The truth about employment in America as by 2011 statistics

The Federal Government of the United States employs around 2 million civilian employees excluding the USPS.
www.bls.gov...

The United States Postal Service employs almost 600,000.
en.wikipedia.org...

The United States Armed Forces employs around 1.5 million people on active duty. The largest component is the Army, which employs nearly 600,000.

siadapp.dmdc.osd.mil...

Taken together, the Federal government employs slightly over 4 million people.

For an alternative take, this Washington Post article suggests 14.6 million on federal government payroll, including "contractors and grantees".

www.washingtonpost.com...

So actually the US Federal government is indeed the biggest employer in the US with Walmart as the second in the private sector

Now, taking into consideration that the present administration with their Defense budget cuts just eliminated or about to eliminated after elections about 1 million of the jobs in their budget in the US I think unemployment rates are about to get very ugly in January.

Already the first wave of job cuts in the defense started in July.

If the government cuts the ability of the contractors in the private sector to get grants in order to hired American employees then the government is actually killing the job creation in the US.

This are the facts.

We already have debated the impact of the Defense cuts in ATS, we already know that the military actually got increased, the foreign aid also will increase but the ability for private contractors to hired will be cut, specially in the US

Federal Spending Cuts Could Cause Massive Layoffs

www.newsmax.com...

Politicians will do anything to make themselves look good before elections, sadly this time the unemployment is so bad that no even they can show a meaningful job growth.



posted on Nov, 2 2012 @ 09:05 AM
link   
reply to post by marg6043
 


well............


with the unemployment rate ticking up to 7.9 percent but the economy adding a better-than-expected 171,000 jobs. At the same time, the number of unemployed grew by 170,000, roughly the same amount -- to 12.3 million.



Growth or 'standstill'? Monthly jobs report gives mixed picture ahead of election



posted on Nov, 2 2012 @ 09:18 AM
link   
getting out of NAFTA would be a great start.
bush tax cuts are another one.

The biggest one is still importing junk.
Just like a database, if you put junk into it you get junk out of it.

By that i mean if you have a slew of junk coming in no one can compete with real American made items.
Then you have everyone repeatedly buying junk cause the prices are rolled back 15 cents.

That causes people to go broke replacing items. all the people buying this cheap crap are killing the real manufacturing jobs that this country was once supported by.

If you support american companies by buying their products you can spur the economy to grow and bring back some semblance of normalcy.

Not the normalcy that these money hungry politicians endorse by outsourcing and supporting foreign economy.



posted on Nov, 2 2012 @ 09:31 AM
link   
reply to post by sonnny1
 


Yes they do, sadly you have to understand that in the US since the Biush administration is common practice to sugar coat news of jobs and economic growth for political gain in a more open and blantant way that previews governemnts

So we do not have to be geniouses to understand that the US economy is still going downhill after the 2008 housing market crash, that in order to avoid another crash before elections the Q3 was implemented with about 40 billion a months from the Fed to walls street to aid banks, occurs this time is not call "bailout" but boosting the ability of the Banksters to buy out more foreclosures.

So what we can see here is nothing but a sugar coat effort to avoid another economic blunder before elections.

This is no new, next year regardless of who win the elections we are going to face another hard economic woe.


QE3 has barely even started and some folks on Wall Street are already clamoring for QE4. In fact, as you will read below, one equity strategist at Morgan Stanley says that he would not be "surprised" if the Federal Reserve announced another new round of money printing by the end of the year. But this is what tends to happen when a financial system starts becoming addicted to easy money. There is always a deep hunger for another "hit" of "currency meth". Federal Reserve Chairman Ben Bernanke was probably hoping that QE3 would satisfy the wolves on Wall Street for a while. His promise to recklessly print 40 billion dollars a month and use it to buy mortgage-backed securities is being called "QEInfinity" by detractors. During QE3, nearly half a trillion dollars a year will be added to the financial system until the Fed decides that it is time to stop. This is so crazy that even former Federal Reserve officials are speaking out against it. For example, former Federal Reserve chairman Paul Volcker says that QE3 is the "most extreme easing of monetary policy" that he could ever remember.


theeconomiccollapseblog.com...

We are still bailing out Walls street, people in America are in oblivion.





top topics
 
3

log in

join