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What a coincidence.

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Posted by: MonsterMark

In addition, August and September Numbers were also adjusted upwards. In my best Gomer Pile... Surprise, surprise, surprise. Isn't it amazing what the press can keep from the American public? I know, these numbers were just released. In fact, they were known on Monday, day before the election.

By the end of the year, Bush will have a NET GAIN in jobs over his 4 year Presidency. I hope the world doesn't stop rotating on this bad news.

October job increase shocks experts

By Tony Pugh

Knight Ridder Newspapers

WASHINGTON - U.S. employers added 337,000 jobs in October, the largest one-month gain since March and nearly double what most analysts had expected, the U.S. Department of Labor reported Friday.

Labor and economic experts had predicted that 100,000 to 180,000 jobs would be created in October. But an unexpected surge in service-sector hiring fueled most of the growth. Service industries added 272,000 jobs, mostly in the professional and business fields (97,000) and in education and health (62,000).

Notice it doesn't say McDonalds was hiring wildly...LOL.

Posted by: raVeneyes

Quote:

Originally Posted by MonsterMark

Isn't it amazing what the press can keep from the American public

By the end of the year, Bush will have a NET GAIN in jobs over his 4 year Presidency.

Again...such an odd angle and twist on words...

A: The press doesn't keep anything from the public...if these numbers were out there before the election there's a reason that both the republicans and democrats didn't want them heard, because if nothing else the Fox News Channel would have reported them if they'd been released to the media.

B: The "Net Gain" in jobs will be for a net loss of on average $35,000/year. That over those 300,000 jobs that have been re-gained in the last month equals a net loss in income of $10,500,000,000 annually for the US (just in the last month mind you)...that's 10.5 Billion US dollars that won't be earned by the general population this year...

C: The 'Service Industry' is McDonald's... 'professional and business fields' are managment jobs at Wawa and 7-eleven... 'education and health' are jobs at the local cafeterias in hospitals and schools

Posted by: Joeychgo

Exactly!!!!!!!!!!!!

Posted by: MonsterMark

You guys kill me.

Posted by: mach8

Correct the press does not KEEP anything from the public, it just ignores it or puts it on some back page or has it covered in a way that fits their "style of reporting"

Seen to much shi..... as a child of the sixties. Grow up, take off the blinders, question you assumptions, as Stalin may have said, don't be a usefull idiot.

Or as my dad may have said, figures don't lie, but liars do figure.

Lies, dammed lies, statistics. Take a math class you'll find it's true.

Posted by: Kbob

Quote:

Originally Posted by raVeneyes

Again...such an odd angle and twist on words...

That's just what I was thinking about your post.

Quote:

Originally Posted by raVeneyes

B: The "Net Gain" in jobs will be for a net loss of on average $35,000/year. That over those 300,000 jobs that have been re-gained in the last month equals a net loss in income of $10,500,000,000 annually for the US (just in the last month mind you)...that's 10.5 Billion US dollars that won't be earned by the general population this year...

Of course new hires are going to make less than people that are working at some place for several years. The real test is the average wage, which is now $15.83/hour, up 2.6% in 12 months (slightly better than inflation, 2.5%). source: CNN/Money

Quote:

Originally Posted by raVeneyes

C: The 'Service Industry' is McDonald's... 'professional and business fields' are managment jobs at Wawa and 7-eleven... 'education and health' are jobs at the local cafeterias in hospitals and schools

Spoken like a true spin-master. The fact is that you're not sure where the job growth is exactly in the "service industry". I'm not suggesting that a number of jobs haven't been added in the areas you stated, but to portray all the growth in those areas is misleading. Besides, many of the 300,000+ jobs added were from the cleanup of the hurricanes.

Our economy is still growing and that's bad news for Democrats.

Posted by: raVeneyes

Quote:

Originally Posted by Kbob

The key problem is that all the new job growth does not counterbalance all the long term jobs lost...in fact only 80% of the jobs lost in the Bush years have been regained [Wall Street Journal]...and, just as you said, new hires are going to make less than poeple who work some place for several years.

The real test is not average wage, because average wage does not take in to account losses in hours, benifits, bonuses, and job stability...average wage is a very narrow number that ignores many factors of a job's viability.

Quote:

Originally Posted by Kbob

The economy growing isn't bad news for anyone...Democrat or Repbulican. The problem is the economy isn't really growing as much as the Republicans indicate, and that means the Federal bank will raise intrest rates so long as it thinks the growth is strong. This is how the Republican government is directly affecting job growth and the United states economy.

In the 'service industry' the majority of jobs were added by the 'professsional and business services' which covers things such as temp services, personal assistants/secrataries, limo drivers, office maintenance, etc... These are not high end jobs or long term jobs, they are service related jobs.

71,000 of the additional jobs were in the construction industry, which as you noted is mostly due to the hurricanes and other natural demolition...also not long term jobs.

Our country's traditional strong point, manufacturing, continues to hemoridge, loosing 5,000 last month alone and 14,000 in September.

And let's not forget one of my personal favorite statistics...long term jobless, those who've been unemployed for more than 27 weeks, rose to 1.79 million in October, up 40,000 from September.

Yeah...there's the picture of a healthy economy...

Posted by: Kbob

If we hadn't had a recession and if 9/11 had not happened (things we have debated several times), our economy would be in a far better situation. But we are better than we were in the aftermath of 9/11. Our economy is growing, only the most cynical or politically motivated would disagree. You'll always be able to find negative numbers in any time period if you're looking, but that doesn't change the overall picture. Is it as good as the Republican party would have us believe? Probably not, and neither is it as bad as the Democratic party tries to portray it.

Posted by: Skuuter

YAWN