Gawain 0 #1 October 3, 2003 The first "jobs" report is out...(customary first Friday of the month report from the Labor Department) It's an AP feed, which I linked from Fox News: http://www.foxnews.com/story/0,2933,98997,00.html Unemployment is steady, but payrolls added roughly 56,000 jobs which is a clear improvement over the expectations which was a slight increase in unemployment and a loss of 25,000 jobs. The article is fairly brief, but if we see a similar report for October and again in November...well that makes a trend.. So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
kiltboy 0 #2 October 3, 2003 It's the amount of temporary jobs that is good and bad, Good in that there's an increase in work so hopefully the temp jobs will transition into full time employment. Bad is the limbo of the temp job without benfits. Still a temp job beats sitting on the couch getting deeper in credit card debt. David Quote Share this post Link to post Share on other sites
SkydiverRick 0 #3 October 3, 2003 QuoteThe first "jobs" report is out...(customary first Friday of the month report from the Labor Department) It's an AP feed, which I linked from Fox News: http://www.foxnews.com/story/0,2933,98997,00.html Unemployment is steady, but payrolls added roughly 56,000 jobs which is a clear improvement over the expectations which was a slight increase in unemployment and a loss of 25,000 jobs. The article is fairly brief, but if we see a similar report for October and again in November...well that makes a trend.. Tax cuts work. never pull low......unless you are Quote Share this post Link to post Share on other sites
livendive 8 #4 October 3, 2003 Here's the last 70 years worth of presidents and their respective numbers for job gain/loss, sorted by best to worst. It's kind of interesting how the two parties clumped together like that eh? :-) President.........Party.............Annual rate of job gain (in %) Roosevelt......Democrat.................5.3 Johnson........Democrat.................3.8 Carter...........Democrat.................3.1 Truman.........Democrat.................2.5 Clinton..........Democrat.................2.4 Kennedy........Democrat.................2.3 Nixon............Republican...............2.2 Reagan.........Republican................2.1 Coolidge........Republican...............1.1 Ford..............Republican...............1.1 Eisenhower....Republican................0.9 Bush.............Republican...............0.6 Bush II.........Republican...............-0.7 Hoover.........Republican.................-9 Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
Gawain 0 #5 October 3, 2003 Let's put the numbers in context (and yes, I'm being selective so I don't have to scour for historical data). Where was your source for this? Also, remember the that size of the GDP matters. Clinton's 2.4% of an economy that is three times the size of Reagan's economy (2.1%), the net gain in Reagan's administration had a much wider impact. Roosevelt......Democrat.................5.3 We came out of a depression, and into a war. Carter...........Democrat.................3.1 How can this be correct? Inflation was out of control and interest rates were in double-digits. Truman.........Democrat.................2.5 Continued indicators at the end of WWII and the upcoming baby boom. Clinton..........Democrat.................2.4 The market economy was picking up its own demand, despite increased taxes, which funded federal programs which created federal jobs to some extent. Reagan.........Republican................2.1 Out of a recession. Bush, GHW.............Republican...............0.6 The last two-quarters of his administration were the the strongest gains in the economy for the entire decade of the 90s. Bush II.........Republican...............-0.7 These numbers were sliding when he came into office. 9/11, war, deficit spending and having to wait for lagging indicators while tax cuts work their way through the system. The tax cuts do work, I was helped by them. IIRC, these figures aren't too different from the indicators that were pushing against Reagan's first term. 2.1% of a $3Tr economy is a bigger slice of the pie, versus a 2.4% of a $10Tr economy. These are great numbers to talk about though. Good post...So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
livendive 8 #6 October 3, 2003 Those numbers aren't economic growth, they're just employment. Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
Guest #7 October 3, 2003 Gee, does this mean I'll have to give up watching the Sci-Fi channel's daytime schedule? Actually, I'm working on my Trade Act case so that I can get education funding and thus attend school full-time while continuing to collect unemployment insurance payments. My health insurance will quit in four weeks. I'm not concerned about myself aside from the possibility of a catastrophic skydiving injury - I'm in generally good health. It's the spousal unit I'm thinking of. Fortunately, I don't have anybody else whom I am responsible for. With no outstanding debts save $2k on a credit card (and a mortgage), I'm in better shape than those who live at or beyond their financial means. I know you guyz couldn't care less - I'm just blogging a little here. mh"The mouse does not know life until it is in the mouth of the cat." Quote Share this post Link to post Share on other sites
