Under Obama unemployent is now 5%

[malaise]

Wages are up and so are the job numbers - but you'd never know would yah!!!

[randys1]

1. Hardly any mention of it here at DU, is there.

Hundreds of posts a week about how bad HIllary is, but nothing about this.

[malaise]

2. Amazing indeed

I'm shocked I tell you

[Fred Sanders]

3. The corporate media is steadfast in their refusal to let Americans celebrate anything because of

the danger Obama may get the credit and praise he so richly deserves.....the enemy of liberals is not the GOP so much as the corporate media that controls the messaging....and look at gas prices and inflation...lots of outrage when high, and total silence when low.

Speaking of not giving Obama any credit, lots of that here at DU made obvious by the silence also....speak up, folks, the corporate media will be steadfast in silence.

Obama's delivered results on unemployment have far exceeded the "bold" at the time Romney promises, we all remember that and no amount of mass media amnesia can change the facts, mentioned or not.

[malaise]

7. And that's the fugging truth

ALl condemnation no praise

[napkinz]

4. and 7.2% under Reagan was called "Morning in America!"

[Yo_Mama_Been_Loggin]

54. Well you know those teabaggers can't spell

I should have been spelled "Mourning in America."

[spanone]

5. K&R... they would be calling Rmoney a nation saving genius

all the media would

[malaise]

9. He promised 6% unemploymennt

Bwaaaaaaaaaaaaaaaaah!

[spanone]

12. and i doubt he would have delivered. de-regulate and cut taxes...that's all they have

it's rarely reported how many jobs we were losing when Obama took the reigns.....

2008 - Worst year for jobs since '45

NEW YORK (CNNMoney.com) -- The hemorrhaging of American jobs accelerated at a record pace at the end of 2008, bringing the year's total job losses to 2.6 million or the highest level in more than six decades.

A sobering U.S. Labor Department jobs report Friday showed the economy lost 524,000 jobs in December and 1.9 million in the year's final four months, after the credit crisis began in September.

The unemployment rate rose to 7.2% last month from 6.7% in November - its highest rate since January 1993.

The steep annual drop in jobs marked the highest yearly job-loss total since 1945, the year in which World War II ended

http://money.cnn.com/2009/01/09/news/economy/jobs_december/

[malaise]

39. Adding this because we so love to laugh at ReTHUG hacks

http://www.democraticunderground.com/10027323067

[spanone]

40. they just can't admit the black democratic President did a good...

ONLY 271,000 jobs.....'that might be slightly higher than last month'

[Rex]

6. The M$M gets paid to report negative news about Obama, never positive news.

If they report positive news, it is only to keep up with the rest of the news organizations reporting the same thing. Any other time it is "All Bad, All The Time".

[Fred Sanders]

8. Yes. And get how Fox reports it - incredible propaganda and doublespeak:

http://mediamatters.org/blog/2015/11/06/watch-fox-news-stumble-through-outstanding-octo/206671

[malaise]

10. I just heard one of the morons on GEM$NBComcast saying well look where

wages are coming from when Kate whoever said wages were up.

[LiberalArkie]

11. Verizon is laying off around 10,000 in the US but are hiring about 6000 in India.

I guess they will only be down 4000. Something like cutting back from 6 regions to 2 (I think that is what I heard).

What is wild is the layoffs are not showing up anywhere like http://dailyjobcuts.com

But The Layoff.com has pretty good coverage. The telco I used to work for would stagger the layoffs in groups all over the country so if you did know know someone affected, you would never know it. I think there must be a number by which you have to notify someone.

[Person 2713]

19. My cousin is at Verizon . I didn't want to keep bothering him how negative asking well do you

still have a job ? every few days and so I was looking on google news etc. for a search other than the initial announcement and no updates and no particulars.......hmmmm

[LiberalArkie]

22. I think there is a figure in a location that if you are below that, the company doesn't have

to make reports about it.
Ohm I was reading one message where Verizon had a job listed on its internal job listing and the guy posting the message said it was his job. But the initial pay was for 1/3 of what he was making before he was laid off.

[Person 2713]

30. Yeah I read about someone going to meet someone for a meeting and it didn't happen the other guy got

lay offed that morning @ Verizon
My cousin .he is in a regional office I do not believe he knew what offices were getting the cut yet when I spoke with him last weekend but they are going from 20 ROs to 6 or something . Blood bath . He has hated his job for a long time but really can not afford to lose it either
I Know older folks who rode the telco hey days and got out before the industry turned in to a master and servant relationship

[Yavin4]

13. How can Trump top this?

-10% Unemployment?

[La Lioness Priyanka]

14. or 5000% if you are a republican. nt

[rhett o rick]

15. When things go bad it's because of the Republicons in Congress,

seems that when things look good, the Pres gets credit. In my neighborhood things are much worse than 2008. Many people are not included in the unemployment statistic because they have given up. Foodbank usage is at an all time high and donations at an all time low. The number of homeless is high. Those I know are glad to have jobs but most are low paying with no benefits and no security. Health insurance is skyrocketing. Mine is going up 33% next year. Foodstamps are being cut along with other safety nets. I still see homes being taken by the banks and companies moving out of the country. Retirements are being lost. Our roads and bridges are crumbling.

Which of the above does Pres Obama get credit for?

[leftstreet]

31. +1

[Recursion]

45. The discouraged worker rate is about 0.5%

Many people are not included in the unemployment statistic because they have given up.

That's not really how the figure works, but BLS says the discouraged worker rate has been at historic lows for a year now.

Those I know are glad to have jobs but most are low paying with no benefits and no security

Then that's unusual, because wages have edged up over the past year.

Health insurance is skyrocketing.

Health insurance premiums have had the smallest increase in decades.

[LiberalArkie]

16. Hear are the figures for the year 2015

MONTH JOBS (Final Report) JOBS (Original Estimate) COMMENTS
Jan 201,000 257,000 The fastest growing areas were health care, retail and construction.
Feb 266,000 295,000 Health care, retail and construction added the most jobs.
Mar 119,000 126,000 Temp jobs were the only hopeful sign since they could turn into full-time if conditions improve.
Apr 187,000 223,000 Strong growth in health care, construction and temp help.
May 254,000 280,000 Health care, retail and hotels/restaurants grew the most.
Jun 245,000 223,000 Health care and retail trade added the most jobs.
Jul 223,000 215,000 Retail trade and health care were the biggest contributors.
Aug 136,000 173,000 Manufacturing lost 22,000 jobs thanks to the strong dollar.
Sep 137,000 142,000 Mining lost 13,000 jobs, and manufacturing lost 9,000 jobs.

[malaise]

18. Thanks

I'd love to see those next to the last year of Dumbya (oh his aides were so horrible) Bush.

[LiberalArkie]

20. 2008 job report (Your wish is my command) I'm a data junkie

2008

MONTH JOBS ADDED (Final) JOBS ADDED (Original) COMMENTS

Jan 15,000 -17,000 .6% growth over last year, but manufacturing lost 2.7% jobs.
Feb -87,000 -63,000 .4% growth over last year, while manufacturing lost 3% of its jobs.
Mar -79,000 -80,000 This was the worst monthly job loss since the last recession, and a mere .18% gain in the last year. The last time year-over-year job growth trended down this severely was in 2001, which led to 29 months of job losses.
April -213,000 -20,000 There were only .18% more jobs, and 3.38% fewer manufacturing jobs, than in April 2007
May -183,000 -49,000 Year-over-year, employment declined .11%. This was the first time there was a decline in year-over-year jobs since 2003, the end of the last recession. There were 3.55% fewer manufacturing jobs.
June -172,000 -62,000 Employment wast .24% down from the prior year. Restaurant jobs also suffered, for the first time.
July -210,000 -51,000 In the last year 150,000 jobs were lost, a .37% decline.
Aug -259,000 -84,000 Employment declined .5% during the year.
Sep -452,000 -159,000 Employment declined .64% during the year.
Oct -476,000 -240,000 There were 1.5 million fewer jobs than last year.
Nov -765,000 -533,000 In the last 12 months, 1.9 million jobs were lost -- 604,000 were in manufacturing.
Dec -696,000 -524,000 Employment declined by 2.5 million jobs, faster than in the 2001 recession, which never lost more than 2.1 million jobs in any 12-month period.


http://useconomy.about.com/od/economicindicators/a/Job-Stats.htm

[malaise]

25. Wow - we should send both sets of data to M$Greedia

and the RNC

[LiberalArkie]

27. The only thing I an still afraid of is that corporations are still hiring low paying

and firing those that make good money. I am not talking about executives, just people that have been long enough that through the 1% 2% pay raises to have made it up to 80,000 or so. They have no problem firing that 55-60 year old and replacing them with a H1B at 12,000 because they can find anyone in the U.S. to do the job.

[malaise]

28. You are correct - there are still serious problems

and the middle class and working poor are on the ropes, but all in all things are much better than under Dumbya.

[rhett o rick]

32. Agree we are better off than with Georgie but we can not survive this much longer.

The people I know in the ages of 40 to 50 are struggling with jobs that have been turned into contract jobs with low or no benefits. They show up as working but get moved from job to job with spaces in between.

[malaise]

33. Decades ago I told hubby that middle class silence in not defending

blue collar workers when they were losing their jobs, benefits and dignity and were given contracts would come back to haunt all of us. Now the management studies and business school graduates have the great jobs and the academics and professionals are contract workers - the people with the real skill and knowledge.

This planet is so fugged up, it's hard to remain optimistic.

[rhett o rick]

36. I agree and it looks to me like there is zero chance of humans preventing the development

of Super Artificial Intelligence which will have no need for humans except as a source of atoms that it might use.

[flamingdem]

17. Repukes don't have much to work with

[Person 2713]

21. Yeah Thanks Obama !! Another sign he is not fit to be president or some other BS they keep

spouting no matter what the numbers

[doc03]

24. I still hear the main stream so called (liberal) media using the phrase "in this bad economy"

or "in this sluggish economy" almost daily.

[malaise]

26. We should send them the two sets of data

but ReTHUGs and their media hacks make up shit

[B Calm]

29. and some people want to put a republican back in. Short memories?

[napkinz]

34. FOX "News" can't handle the truth

[former9thward]

35. When the labor participation rate is the lowest in 38 years

it is not hard to get to 5%. You simply stop counting all those who have given up trying to get a job. Yep this is a bang up economy! Whoppie!

[MFrohike]

38. Hey man

Don't put those numbers in perspective! No need for reality when it's time to celebrate mission accomplished!

[Munificence]

41. Yeah

and most do not realize that IF NO ONE had a job in the U.S we'd have a 0% unemployment rate. We could say "Look at this economy, 0% unemployment things are great".

[whatthehey]

42. Yes - you'd almost think a huge bubble of people were born about retirement age ago or something

wait a minute......

[former9thward]

49. Yeah, except the participation rate has dropped in the 24-54 age group.

They are not retiring.

[Recursion]

46. You don't like old people retiring or young people being in school?

That's kind of mean.

[former9thward]

53. Except the participation rate is dropping from 24-54.

#statisticsmatter

[Kingofalldems]

48. So it's bad news?

Would this news report be your feeling?

[former9thward]

50. Yeah I know.

Great economy. The Republicans scored victories all across he nation in the November elections. The people must be stupid.

[lovemydog]

37. Phenomenal turnaround under President Obama's administration.

Of course we have a lot more to do. We need to increase the minimum wage, and many more jobs that pay more than the minimum wage.

But the accomplishments of President Obama's administration are really remarkable considering we were in the beginning of the biggest financial crisis since the Great Depression when he became president.

Best progressive president of my lifetime. Let's continue these accomplishments.

[Cheese Sandwich]

43. Mostly the unemployed have either given up looking, been locked in jail, or committed suicide

[Recursion]

47. No, the discouraged worker rate is at 0.5%, an historic low

http://www.bls.gov/news.release/empsit.nr0.htm

[Fumesucker]

51. Makes it really difficult to explain this...

http://www.democraticunderground.com/1016136149

There is growing evidence that many Americans – particularly working-class whites in red states – are struggling to survive and have lost faith in the American government's ability to help.

This week, there emerged a new and seemingly unrelated question, though similarly perplexing: Why has the mortality rate for middle age white Americans gone up dramatically since 1999 – even as it has gone down for other groups of Americans and whites in other countries?

[daredtowork]

44. I generally support Obama, but

I believe his administration goes to great length to distort and hide unemployment numbers. This does a great disservice to people who need help obtaining a livelihood, especially since there is no welfare safety net. The problem officially does not exist, so those who suffer are left in limbo.

[Fumesucker]

52. Have you seen this thread?

http://www.democraticunderground.com/1016136149

There is growing evidence that many Americans – particularly working-class whites in red states – are struggling to survive and have lost faith in the American government's ability to help.

[malaise]

55. And they are still ReTHUGs??

They must like it so