Private Employers Have Added 1.1 Million Jobs

[tabatha]

Private Employers Have Added 1.1 Million Jobs Since the Affordable Care Act Became Law




http://www.flickr.com/photos/speakerpelosi/5367518556

[Oceansaway]

1. K&R...n/t

[MadHound]

2. Correlation does not equal causation,

But hey, let's not let logic get in the way of a good talking point, right.

[ljm2002]

4. Irrelevant in this case...

...because it does directly address the right wing talking point that the health care bill is a job killer.

[DCKit]

5. An excellent counter to the unsupported (R) claim of the "Job Killing" health care bill.

This is far more honest than the tactics (outright lies) they use.

[Johonny]

21. exactly the right neither has correlation or causation

they have a made up talking point that is written into the name of the bill.

[leftstreet]

3. What are the jobs? Claims Denial Specialists? n/t

[progressoid]

8. Housekeeper for Insurance CEOs' summer homes.

[DCKit]

22. Not to mention the spring, fall, winter and assorted vacation homes (think John and Cindy McCain).

There was a recent headline about how the 1% restarted their buying binge last fall, everything from property to yachts to super-high-end luxury goods.

[tabatha]

6. Economists Tell WSJ That The Economic Recovery Has Been Driven By Stimulus

January 14, 2011 11:25 am ET by Jeremy Holden

An interesting nugget from this morning's Wall Street Journal:

Economists surveyed by The Wall Street Journal are increasingly optimistic about the pace of the recovery, predicting the U.S. will grow at better than a 3.2% annual rate in each quarter this year.

"The U.S. economy appears to have successfully navigated the adjustment from a recovery driven primarily from economic stimulus and inventory rebuilding to one driven by private domestic demand and rising exports," said economists at Wells Fargo & Co. "Three percent growth looks pretty good, particularly with housing stuck in low gear."

News that the U.S. economy is transitioning from a recovery driven largely by the stimulus bill signed into law in early 2009 to a recovery driven by private demand might come as something of a shock.

After all, the right-wing noise machine spent the better part of the last two years trying to convince us that the no good, very bad stimulus was an unmitigated failure. Never mind that economists all along have credited it with creating millions of jobs that otherwise would have not existed. Forget as well that economists have credited the stimulus with significantly boosting GDP during a deep recession.

http://mediamatters.org/blog/201101140020

[ProSense]

7. Harvard Economist Estimates Health Repeal Would Destroy Up To 400,000 Jobs Per Year Over Decade

Harvard Economist Estimates Health Repeal Would Destroy Up To 400,000 Jobs Per Year Over Decade

<...>

In fact, since President Obama signed health reform into law on March 23, 2010, the economy has created approximately a total of 1.1 million new jobs in the private sector. One-fifth of the new jobs — over 200,000 — have been in the health care industry. Nevertheless, Republicans have spent the week decrying health reform as “job killing” legislation. Watch a compilation:

<...>

[hootinholler]

9. But we have to get rid of that job-killing piece of legislation!

Think of how many jobs would have been created if we had only left things alone and cut taxes for the rich even more!

-Hoot

[Riftaxe]

10. How many have they lost?

[dmallind]

11. ermmmm.....negative 1.1miliion. nt

[tabatha]

12. That will probably go over Riftaxe's head

since the understanding of the jobs created (net) did not sink in either.

[Riftaxe]

13. This will probably go over your head

but no where does it say net, it weasels and says "change". It does not even link to the source of the graph, so presumably it is cherry picked info.

Kind of like saying i Fire 20 people and hire 5, i can post a graph saying employment hiring change +5 and that is without elaborating on how many of these "changes" even approach a livable wage and are not part time or temp McJobs (notice how not linking to the source can lead a cynic to wonder what the graph is not telling?)

So, elaborate on these "changes" are they full time positions, how many are over or at Minimum wage, was the data "seasonably" adjusted or otherwise "massaged" to make a pretty picture?

What is the geographical concentration, was it uniform across all states, does it include territories and principalities? Or for that matter does it refer to the States at all?

[tabatha]

14. It does not state "change".

The information for the graph came from the U.S. Bureau of Labor Statistics.

"The unemployment rate fell by 0.4 percentage point to 9.4 percent in
December, and nonfarm payroll employment increased by 103,000, the
U.S. Bureau of Labor Statistics reported today. Employment rose in
leisure and hospitality and in health care but was little changed in
other major industries."

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

More understandable?

[Riftaxe]

15. Ahh, so now you decide to post a useful link

thanks :)

[tabatha]

16. You have totally misconstrued the reason for posting.

I sought this link out so that you may better understand what most people got.

Please DO NOT assign motives to me that are not there. Typical RWer tactic.

[Riftaxe]

18. Would not be the first time,

I do have a sad tendency to type first, finish thinking later :)

[Riftaxe]

17. I suspect i see why the graph was preferable

"The civilian labor force participation rate edged down in December to 64.3 percent, and the employment-population ratio was essentially un-changed at 58.3 percent. (See table A-1.)"

[tabatha]

19. We are not bleeding jobs at the

rate of 750,000 per month as was happening at the end of 2008.

Employment rates are up (and down) with respect to previous months, but the overall (accumulated trend is up).

Hence the edging down in December.

[spanone]

20. that's about what bu$h* added in eight years