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Puck
The Texan
Joined: 05 Jan 2004
Posts: 5596
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 Fri Sep 03, 2004 7:41 am August Unemployment Dips to 5.4 Percent |
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| Quote: | August Unemployment Dips to 5.4 Percent
Friday, September 03, 2004
WASHINGTON � The U.S. job market brightened in August as employers added 144,000 workers to their payrolls and hiring totals for the two prior months were revised up, the Labor Department (search) reported on Friday.
With the economy growing in importance as an issue in November presidential elections, the department said the August unemployment rate (search) dropped to 5.4 percent from 5.5 percent in July. It was the lowest rate since a matching 5.4 percent in October 2001 and was certain to be cited by President Bush as a sign that his tax cuts have helped stimulate economic activity.
The August new-job gain came in slightly below Wall Street analysts' forecasts for a 150,000-job gain but the department also revised up its totals for June and July job creation by 59,000.
That created a moderately more favorable picture for summer job growth, but is likely to leave unresolved for now whether the economy was successfully shaking off a June soft patch as Federal Reserve (search) policymakers expect it to do.
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Fri Sep 03, 2004 4:42 pm |
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This is now HIGHER than when Bill Clinton ran for reelection, and that was 5.6% or so. This is GREAT! See, our economy is getting better. 
-------signature-------
"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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Delta Quad 2003
Section 31 Guardian
Joined: 29 Jun 2004
Posts: 3164
Location: Earth
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| Fri Sep 03, 2004 4:44 pm |
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What did I tell ya. I told you that Bush improved our economy even though the 9/11 thing happened. He is just too damn good at what he does.
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Caboose - I can't feel my face.
Church - Shut up caboose!
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Fri Sep 03, 2004 4:52 pm |
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| Delta Quad 2003 wrote: | | What did I tell ya. I told you that Bush improved our economy even though the 9/11 thing happened. He is just too damn good at what he does. |
 Yes, that's true.
And I learned this week in my Business class that there, for you Dems, is something called a BUSINESS CYCLE which may last from one to THIRTEEN YEARS--ESPECIALLY if we have something like 9/11 happen. So that's why the economy may not be the best for a while.
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"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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borgslayer
Rear Admiral
Joined: 27 Aug 2003
Posts: 2646
Location: Las Vegas
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| Fri Sep 03, 2004 5:56 pm |
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As John Kerry says "Job Growth too slow for the economy"
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Fri Sep 03, 2004 7:04 pm |
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| borgslayer wrote: | | As John Kerry says "Job Growth too slow for the economy" |
Bah! It's getting MUCH better--and 9/11, as I said above, is STILL having it's impact, which could last 13 years. And there's NOTHING Kerry could do anyways to affect the jobs--except raise taxes.
-------signature-------
"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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Kylon
Lieutenant Commander
Joined: 03 Jun 2002
Posts: 292
Location: In a distant galaxy far far away...
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| Sat Sep 04, 2004 5:47 pm |
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*cough*, *cough*
According to Economic analyst that isn't because the actual unemployment level has gone down, it's because most people have just stopped trying.
It's very deceptive to say the unemployment level. Of the 1.7 million jobs created, there has been a net loss of 1 million jobs over the past year.
Which means we've actually lost 2.7 MILLION jobs.
I am a sponge for facts.
It's tough being a democrat in a republican dominated server, but hopefully more will surface!
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Sat Sep 04, 2004 7:09 pm |
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| Kylon wrote: | *cough*, *cough*
According to Economic analyst that isn't because the actual unemployment level has gone down, it's because most people have just stopped trying.
It's very deceptive to say the unemployment level. Of the 1.7 million jobs created, there has been a net loss of 1 million jobs over the past year.
Which means we've actually lost 2.7 MILLION jobs.
I am a sponge for facts.
It's tough being a democrat in a republican dominated server, but hopefully more will surface! |
Sponge for the facts! 
Alright, you are FORGETTING 9/11 and the economic impact of it! And guess what--this is the SAME unemployment rate as when CLINTON was running for REelection! The unemployment numbers are GREAT and this shows GREAT improvement.
-------signature-------
"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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Kylon
Lieutenant Commander
Joined: 03 Jun 2002
Posts: 292
Location: In a distant galaxy far far away...
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| Sun Sep 05, 2004 2:14 pm |
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I agree that Bush has had to deal with the country in hard times, but I'll also say that the unemployment level isn't a very good indictator, because it doesn't show all the people who are not trying.
Whether the economy was really good or not when Clinton was in office, you can decide that for yourselves.
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Sun Sep 05, 2004 10:40 pm |
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| Kylon wrote: | I agree that Bush has had to deal with the country in hard times, but I'll also say that the unemployment level isn't a very good indictator, because it doesn't show all the people who are not trying.
Whether the economy was really good or not when Clinton was in office, you can decide that for yourselves. |
It shows ALL unemployement numbers--trying has nothing to do with it.
-------signature-------
"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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Voyager`
Rear Admiral
Joined: 22 Aug 2001
Posts: 2579
Location: Iowa
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| Mon Sep 06, 2004 12:04 am |
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alright the unemployment rate is great, and what would people not trying have to do with lower numbers? If they stop trying are the all of a sudden not unemployed? that wouldnt make sense now would it
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Virtue will take up arms against savagery, And the battle will be short. For the courage of old is not yet dead in me.
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Kylon
Lieutenant Commander
Joined: 03 Jun 2002
Posts: 292
Location: In a distant galaxy far far away...
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| Fri Sep 10, 2004 5:01 am |
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No, but the only people who are reported on that demographic, are the people trying to get jobs.
Those that give up, aren't counted.
Which I agree, doesn't make sense and is misleading.
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Fri Sep 10, 2004 4:22 pm |
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| Kylon wrote: | No, but the only people who are reported on that demographic, are the people trying to get jobs.
Those that give up, aren't counted.
Which I agree, doesn't make sense and is misleading. |
That's not true. Where's your source for that?
-------signature-------
"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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Voyager`
Rear Admiral
Joined: 22 Aug 2001
Posts: 2579
Location: Iowa
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| Sat Sep 11, 2004 2:30 am |
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| Kylon wrote: | No, but the only people who are reported on that demographic, are the people trying to get jobs.
Those that give up, aren't counted.
Which I agree, doesn't make sense and is misleading. |
That is quite intersting to hear the funny thing is my mom is considered unemployed, and she does work just she cleans peoples houses and gets paid cash the government doesnt reconize what she does as a job and she is counted as unemployed, now isnt that neat?
-------signature-------
Virtue will take up arms against savagery, And the battle will be short. For the courage of old is not yet dead in me.
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Sat Sep 11, 2004 10:48 am |
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| Voyager` wrote: | | Kylon wrote: | No, but the only people who are reported on that demographic, are the people trying to get jobs.
Those that give up, aren't counted.
Which I agree, doesn't make sense and is misleading. |
That is quite intersting to hear the funny thing is my mom is considered unemployed, and she does work just she cleans peoples houses and gets paid cash the government doesnt reconize what she does as a job and she is counted as unemployed, now isnt that neat? |
My gosh! I never even thought about that! Thanks for the info...
-------signature-------
"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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