Off-Topic: Dismal Jobs news with some slight glimmer of hope

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	Name:	MartiniMan -
	Subject:	Dismal Jobs news with some slight glimmer of hope
	Date:	8/3/2012 12:02:40 PM

I can't say that I am surprised about the news just based on the general economic climate I am seeing in my business and our industry in general. Unemployment (U-2) is up to 8.3% despite yet another 150,000 Americans totally giving up on finding a job. This is the longest stretch above 8% in the history of this country so Oblamer can at least take satisfaction in beating FDR in one category. Even the worthless one Jimmy Carter and his incompetence couldn't match that feat. However, the real unemployment number U-6 is totally dismal at 14.9% (off its high of over 17% but not improving).

The only glimmer of hope was the increase in non-farm jobs to the highest level in 5 months. Let's hope for the sake of out of work Americans that this trend continues. Of course, this is truly a case of dumbing down expectations as the average monthly jobs added during true recoveries (i.e., when we have a Republican President) is usually in the several hundred thousand range. So Oblamer's job growth out of this recession is around 1.7% versus Bush 43's almost 3%, Bush 41/Clinton's 3.6% and Reagan's almost 9%. Looking at it another way, even at 150,000 new jobs that barely keeps up with our population growth.

Headed to Chick Fil A for a tasty lunch.....no, not a free water and then spewing hate toward a nice young lady. I like my job and if I ever did something so disgusting I would fire myself. I only hope Adam Smith sends me his resume. I have a nice circular file that I keep under my desk for just that very occasion.

Other messages in this thread:

View Entire Thread

Dismal Jobs news with some slight glimmer of hope - MartiniMan - 8/3/2012 12:02:40 PM

Dismal Jobs news with some slight glimmer of hope - GoneFishin - 8/3/2012 1:01:22 PM

so ... - water_watcher - 8/3/2012 1:23:10 PM

I said a glimmer of hope - MartiniMan - 8/3/2012 2:17:33 PM

I said a glimmer of hope - GoneFishin - 8/3/2012 2:43:29 PM

I said a glimmer of hope - MartiniMan - 8/3/2012 2:54:31 PM

I said a glimmer of hope - GoneFishin - 8/3/2012 3:14:31 PM

I said a glimmer of hope - MartiniMan - 8/3/2012 7:48:47 PM

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