ADP: Businesses added 230,000 jobs in October http://www.usatoday.com/story/money/business/2014/11/05/adp-report-october/18493285/
Unemployment went down. It is finally under 6%. Employment-population ratio went up. Even the number of people looking for jobs went up. Thanks Obama?
Friday morning The Bureau of Labor Statistics reported the strongest payroll additions in years. Employers added 321,000 jobs in November, a number far greater than the 230,000 economists were predicting. The unemployment rate, which is drawn from a different survey of households, remained steady at 5.8% the lowest level since the recession. http://www.forbes.com/sites/samanth...-jobs-in-november-unemployment-steady-at-5-8/ this thread is now officially a fail (though that is not surprising considering who made it)
This thread was destined to be a fail. Anyone who's studied the UE rate over the past.... umm, 100+ years... knows that these things are almost always cyclical- except for the Great Depression. This is the danger of being screwed so tightly to one ideology and converting everything from the other side into something negative. You're bound to wind up like BigTexx and look like a BigAss, BigDope, BigFail, or BigWrecks.
we're nearing 100 million people in the US out of the workforce, and the liberal idiots are celebrating 321k jobs. Perspective, folks. Get some.
36 year low http://www.cnsnews.com/news/article/ali-meyer/labor-force-participation-remains-36-year-low-0
Good news is with the excellent jobs reports coming out those people who want to come back into the workforce have no excuses not to, but I suspect those people are too busy enjoying retirement, utilizing their crisp 401ks, and living longer. Gee, I wonder if Obamacare is responsible for the longer life expectancies. Good news for everybody. Clue, get one.
Not only is my 78 year old mother jobless but her cat is too! We must do something about this travesty, Bigtexxxx
too many around here don't dig deeper -- and simply accept an unemployment number as a good metric to use. Likely because they think think it helps their political candidate look better. LOL
Speaking of how it makes their political candidate look, we'll see how it makes Hillary look after her two terms as well. It's gonna be a long ride li'l t.
Never to side with Tex, but call me when when wages go up. Total jobs added is a good thing, but it's kind of worthless when those jobs pay a minimum wage that leaves the worker still below the poverty level. I thought back in the 90's that globalization would trend the pay of the average American worker down to the global average... if work was not localized but easily movable to anywhere it's cheaper, it would benefit consumers and the 1% but American workers would regress. Calls centers in Mumbai, back room functions in Manilla, sweat shops in Shenzhen, all limit the ability of American workers to make a livable wage because their competition will take $5 a day and is willing to choke on pollution and die young.
