"2014: The Best Year for Job Creation This Century"

[applegrove]

2014: The Best Year for Job Creation This Century

by Derek Thompson at the Atlantic

http://www.theatlantic.com/business/archive/2014/10/jobs-day-unemployment-rate-lowest-since-july-2008/381083/

"SNIP...........................


The U.S. economy added 248,000 jobs in September, pushing the unemployment rate to 5.9 percent, the first time it's dipped below the 6-percentage floor since July 2008—or more than 320 weeks.

One month is just one month, and, as always, these numbers are subject to dramatic revisions. But with January through September in the books, there is enough data from the year for economist Bill McBride to think about putting champagne on ice, if not quite popping the corks. The economy is "on pace to be the best year for both total and private sector job growth since 1999," he writes. The following graph compares our 2014 trend line with the last 14 years of job creation.*

.............

Economy is a plural noun. When we say "it" is doing well or poorly, what we are really saying is that a constellation of various industries, each growing at dramatically different paces, has a total rate of growth that corresponds with a certain adjective—booming, busting, crushing, collapsing, and so on.

So which industries are spearheading the best year for job creation of this millennium? It starts with professional and business services, that catch-all for white-collar work that includes lawyers, consultants, accountants, and managers of all stripes. Filling out the awards podium are two low-paying industries, food services and retail, in silver and bronze, respectively.




............................SNIP"

[hobbit709]

1. The real question is how many were living wage jobs.

[Major Hogwash]

2. "Are you better off today than you were 6 years ago?" is a valid meme for Dems this year.

That should be the question the Democrats ask as they run for election this year.

Because the answer is a resounding "Hell, yes!"

[1StrongBlackMan]

3. Not on DU ...

the answer is/would be:

"Are you better off today than you were 6 years ago?"

"Well ... Yes; but I know a couple of friends/heard someone on the internet/ran across a homeless person that is not ... so no!"

[Major Hogwash]

5. Yeah, I know. Some people here are really into it.

Like bitching on the internet every day of your life solved anything!!

[hobbit709]

4. Not all of us.

My household income dropped 60% and expenses have gotten much higher.
And living on $952/mo Social Security doesn't go far.

[MrMickeysMom]

6. And the jobs?

They are somewhere between minimum wage and $10/hour.

So, what is this really supposed to do for the working poor who have as each year passes, less and less chance to move forward and make a place for the next generation to live and live in good health.

Bottom line, we do not have the job creation we should, and we have wasted (not just in the last 6 years, btw) so much time creating the jobs that would rebuild our crumbling infrastructure and promote the kind of energy resources of wind, solar, and geothermal means.

[1StrongBlackMan]

7. Provide them a job ...

that they didn't have 6 years ago, and a chance at moving forward?

Bottom line, we do not have the job creation we should, and we have wasted (not just in the last 6 years, btw) so much time creating the jobs that would rebuild our crumbling infrastructure and promote the kind of energy resources of wind, solar, and geothermal means.

So don't you think the fight is for a Democratic House and Senate; rather than, complaining/fight about the quality of jobs that won't materialize without a Democratic House and Senate?

[MrMickeysMom]

8. I'd believe you more if the evidence wasn't to the contrary...

We need good jobs. We had a Democratic majority and it all changed. How is it now supposed to be different?

The bottom line is that I'm doing my part locally and making my voice heard to whoever reads my House and Senate and White House e-mail. I'm offering ideas. I've offered ideas. Never was there a majority who have taken up our cause and who has truly listened.

So, we've seen that it's already going to take more than a Democratic majority. That was my point.

[1StrongBlackMan]

9. When did Democrats have the votes ...

to pass President Obama's Jobs Bill ... or any of his other economic initiatives? I must have missed that.

[MrMickeysMom]

10. Well… there was that economic recovery vote in Jan 2009 without a single Repug vote...

… if you can call that stimulus package adequate, which it was not.

You'll recall that this was when speaker Pelosi said further discussion of the Bush crime family impeachment was "off the table". Yes… we had some opportunities right from the start with doing something about the banksters, and also those cabinet positions of Wall Street cronies in charge of the treasury …. AND, who was in charge of doing something about WAR CRIMES.

It just wasn't as important… right from the start. And, you wonder why we have had a slow and steady degradation of our now "base" support?

We haven't had a president with vision since Kennedy, who was handed his hat pretty well. Wow… what a message to the American people THAT was… That leaves FDR, and we sure haven't had leadership like THAT to see us over the obstacles made out of Wall Street's Casino Gulag since the Glass-Steagall repeal. Hey - come to think about it, another bending over and grabbing the ankles of "main street"… by Clinton.

[MrMickeysMom]

11. Guess this answered your question...