Didn’t Rush say we needed 500,000 per month just to break even?
I think he said (and I read elsewhere) there must be about 150,000 NEW jobs each month, without losing a single current job, just to keep up with graduates and the population increase.
If memory serves, I think you're correct.
BTW, Rush was a Debbie Downer yesterday. I understand his frustration, but at one point I just had to turn him off. I think Obama and his scumbags lying all of the time just gets old. It's encouraging to me how many stories are coming out countering this huge pile of B.S.! Rush didn't even mention this push back on these bogus numbers. Very disappointing show yesterday IMHO.
One of the scary issues with the business survey (jobs created numbers) is the glide path we are on for the last quarter. Using the revised numbers for July and August the three month trend is 186,000, 144,000 and 114,000. Doesn't look like a recovery to me. It looks like we are sliding into a recession.
I’d settle for half that on a consistent basis over a year and then maybe the president would have a little something to talk about.
I don’t have the numbers in front of me, have we ever had a month with 250,000 on Obama’s watch?
the general consensus that there needs to be in the neighborhood of 200K +- to just about break even, and that number might even be bigger. A 4/10 move could only really come from an economic growth rate of like 9% and we had a jump of only 1%.
The report flies in the face of every economic principle which is why they predicted the rate rising based on the actual job increase of 114k. The drop came from the fact that people quit working, quit looking and withdrew from the workforce in record numbers. The fact that Obama is cheering the loss of a few hundred thousand people from the workforce speaks volumes.
Bottom line, the numbers are bunk and they will be revised upward sometime next month, after the election.