Unemployment Falls to Lowest Level Since 2008.

Admittedly a few months old, but this should give you a more accurate picture than the OP.

The US government statistics do not include people whose UI has run out, those who have taken part time jobs are considered employed.

Read it and weep...

http://www.pbs.org/newshour/businessdesk/2011/10/latest-unemployment-figures-sh.html

 

Well I agree with you, if the president you supported in 2008 had the same ride as Obama and these numbers where coming out you would be happy.
Now stop acting like these numbers are a bad thing, they may not be that good, but they certainly are not bad.

 

I don't know why you keep showing that graph as it gets stuck up your ass every time you do.

That graph is from Pelosi's office and not the BLS.

The bigger problem with the graph is this:

If everything is Bush's fault then everything he put into place before Obama has paid off as the numbers are receding.

Or are you channeling Marie Antoinette?

 

I'm playing poker. Seems to me every time Obama and the Dems extend unemployment, it is good for my bottom line.

 

Unemployment is no lower today than it was 2008 or 2009. It's just less people can qualify for unemployment, and those that were unemployed can no longer suck unemployment checks.

You Dig?

This is who it works.
States pay for unempolyment via State Unemployment office.

People can only calim a limited amount of money and months of unemployent.

Once that unemployment runs out, and they don't show up for the cheese, they are not counted as "Unemployed"

Another factor: underemployed working less hours than full time and for less money, that may have gone up, but only for the holiday hire in Oct 2011.

You can bet the unemployemnt rate will go up in February 2012.

Another factor to consider. Those who are unemployed are getting used to it and after 2 years accept the fact that they may never work again. Hence the climb in homeless and more people living in forclosed homes in the South West.

So this new news is nothing to start jerking eachother off on.

 

Liberals with firing synapses?

 

Job market is either near or at a rock bottom now. Businesses can't cut any further. The better question is when would they start to recall the workers they fired?

The jobs related to housing bubble are gone forever. I think 9-10% UE is a new norm going forward, we just have to live with it.

 

And they were what type of job? You conveniently left that out.

They weren't government jobs by any chance were they?

If you live in Fremont, we don't count lost Solyndra jobs either.

 

Here is another factoid of unemployemnt:

State pays out the unemployment with State tax revenue.

At the end of the year, those who collected unemployment will report it as income for federal tax.

 

Our city and county governments have been laying off workers. The potholes haven't been filled and the grass in the parks hasn't been cut in months. Wanna take another shot at what kind of jobs have been added? There aren't many choices left.

 

This bit of false information must be regularly repeated by the right wing propaganda outlets. I've seen in repeated by our conservative friends over and over.

 

The last year of Republican control, deficits $161 billion, full employment, record revenues, strong GDP growth.

So what exactly are you claiming "they" did to our economy? And be specific.

 

If that is your assertion back it up. I'm a baby boomer and have a long way to go before retirement.

 

Who was in control of congress and the budget and legislation in 2008 2009 2010 2011?

 

Same group.

What changed in Jan 2009?

 

Democrats. The policies not only didn't put us into recovery they made matters worse.

 

Only those who are invested in failure for political purposes and dishonest could say the data on the graph after Jan 2009 is worse

 

After 2007, worser after 2008. And the failed Democrat policies made it worse and have kept it worse. GDP still under 2%, not enough to create new jobs and expand the tax base.

 

Which failed policies in 2007 and 2008 were those?

 

Nicely gimped chart there. Let's show the REST of the story...



Bush's legacy and the effects of "trickle-down economics" lives on.

 

If rocks and trees could vote, you would have a point. Let's adjust that for population county by county:

 

Gee, that looks like a whole point and a half to me. Squish the x-axis tight enough limit the y-axis to one percentage point and aything can look bad.

FOTM is there ARE fewer jobs (ergo, fewer employees), thanks to employers sitting on sidelines with $2,000,000,000,000 sniveling about 'certainty'.

 

The OP addresses new unemployment claims. This is an indicator that pegs the rate at which employers are letting employees go. Fewer new claims usually means that fewer people are being let go. What this means is that it is likely that the next jobs report will have a larger net increase of jobs since fewer jobs were eliminated. It's no guarantee though.

 

All built on the lies of the housing bubble which then popped and plunged the US economy into the worst recession since the Great Depression.

Everyone, well everyone excepting our friends who only listen to right-wing talk radio, knows that the recession was precipitated by the fraud and malfeasance that permeated sub-prime mortgages.



Would you like to remind us again who was in complete power while the events of the housing crisis unfolded?