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157,000 jobs added in May; U.S. unemployment rate steady at 4.5 percent (Hoover alert!)
MSNBC ^ | MSNBC

Posted on 06/01/2007 5:40:57 AM PDT by Smogger

157,000 jobs added in May; U.S. unemployment rate steady at 4.5 percent

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: bush; hoover; itsfullemployment; two; unemployment; worsethancarter
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To: Red Badger

Because to hire someone on welfare you have to pay their Social Security taxes, and pay them minimum wage... not to mention notify the state that you have hired someone on the welfare rolls (more paperwork still...).


101 posted on 06/02/2007 1:28:18 AM PDT by LibertyRocks (Liberty Rocks Blog: http://libertyrocks.wordpress.com)
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To: gpapa

You mentioned the public’s low perception of the strength of the economy... I wonder if that has anything to do with the fact that wages for blue collar workers have gone down over the last 10-15 years? I know as the wife of a machinist we were (for God knows what reason) making more money when Clinton was in office than we are now, and I don’t understand that at all...


102 posted on 06/02/2007 1:33:17 AM PDT by LibertyRocks (Liberty Rocks Blog: http://libertyrocks.wordpress.com)
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To: Smogger

Ofcourse liberals will say this is all irrelevant because we are all going to be dead from global warming by 2010.


103 posted on 06/02/2007 2:11:11 AM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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To: Proud_USA_Republican
Ofcourse liberals will say this is all irrelevant because we are all going to be dead from global warming by 2010.

The definition of life for a liberal these days is "b!tch and then die".

Their glass isn't half empty, for they are still trying to find a glass!

104 posted on 06/02/2007 8:11:35 AM PDT by EGPWS (Trust in God, question everyone else)
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To: roaddog727
Paging Willie Green, Paging Willie Green..........

ROTF!

105 posted on 06/02/2007 8:15:24 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Smogger

Might be that giant sucking sound. In other news, Perot might be a guest on Coast in the next couple weeks if the POW issue remains of interest.


106 posted on 06/02/2007 8:17:00 AM PDT by RightWhale (Repeal the Treaty)
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To: LibertyRocks
I wonder if that has anything to do with the fact that wages for blue collar workers have gone down over the last 10-15 years?

Mine (as a "blue collar worker") have skyrocketed in the last 7 years!

Perhaps I should join a union and REALLY shoot for the stars eh?

One's wages earned are a personal thing and one makes what one is willing to work for.

The opportunity is there.

107 posted on 06/02/2007 8:20:43 AM PDT by EGPWS (Trust in God, question everyone else)
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To: TheMole
..when it comes to the economy he has been one of the best Presidents in my lifetime.

He has done well with the economy.

108 posted on 06/02/2007 8:26:43 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Moonman62
The Federal Reserve should keep the funds rate in line with a normal slope to the yield curve.

I agree, they should follow the market, not try to lead it.

109 posted on 06/02/2007 2:51:18 PM PDT by Toddsterpatriot (Why are protectionists (and goldbugs) so dumb?)
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To: EGPWS

It all depends on where you are living. I’m glad your wages have gone up.


110 posted on 06/02/2007 3:26:06 PM PDT by LibertyRocks (Liberty Rocks Blog: http://libertyrocks.wordpress.com)
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To: jveritas

Why are you laboring under the misconception that the world can tell us what our standards for gas emissions can be? And then in the same breath, mention Kyoto as an example of it.

Unbeknownst to you, we did not accept the Kyoto accords, so therefore, we do not have to follow them.

And so, we can also do the same with the current gas emission baloney. IE - tell the world to take a flying leap, much like China is doing.


111 posted on 06/03/2007 5:37:08 AM PDT by gogogodzilla (Republicans only win if they are conservative.)
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To: jveritas

Only an idiot tries to forceable deport 12 million people.

Specially if they don’t want to go.

That said, if you remove any incentive for illegals to be in America, they WILL leave of their own accord (and be grateful for any assistance in doing so). Remove their governmental assistance, deny their children free schooling, stop any free medical care, etc, etc, etc... and they will no longer wish to be here.

And then they’ll walk back across the border to a country that allows them an easier time in finding work, food, education, etc.

The few remaining illegals would be the ones that would be the ones that had jobs that paid enough for them to have health insurance and private schooling for their children. Exactly the form of immigrant America needs - hard-working, educated, and successful.

And it doesn’t cost much, as it reduces the governmental outflow of cash and benefits.


112 posted on 06/03/2007 5:50:02 AM PDT by gogogodzilla (Republicans only win if they are conservative.)
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To: Kath
I believe what you are seeing here is a bunch of self serving elitists who fancy themselves the last word on what the Republican Party should be.

It is these pathetically short sighted people who would simply stay home in 2008 if their guy isn't the nominee. Of course a no vote is no different then a vote for the hildabeast, but hey, they have their principles...right? Never mind that a lib in the WH would more then likely mean a troop pullout and allow the ragheads to take Iraq. Having control of all that oil money it would be a short time before they would manage to get the weapons they want to come visit us here and bring to fruition Cheney’s prediction of the nuclear cloud over our nation.

So let’s hear it from all you patriotic America loving Freepers. Bash the president at every opportunity and by all means indulge in name calling against anyone who supports a candidate that doesn't EXACTLY conform, IN EVERY WAY to your set in stone ideals of what a Conservative ought to be.

In other words, do what all spoiled brats do when they don’t get their way. Take your football, go home and hide under the bed on election day.

Of course as you said, there is always the possibility these fools are lurking libs.

113 posted on 06/03/2007 6:48:38 AM PDT by Eagles Talon IV
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To: LibertyRocks
"I wonder if that has anything to do with the fact that wages for blue collar workers have gone down over the last 10-15 years? I know as the wife of a machinist we were (for God knows what reason) making more money when Clinton was in office than we are now, and I don’t understand that at all..."

You are using anecdotal evidence to make a point, one which is patently untrue since real wages have increased during the relevant periods in the Bush and Clinton Admin's.

********************************************************* "In terms of equivalent starting points, it makes sense to compare 1993-1996 with 2003-2006 — two cyclically similar periods of equal duration.

Growth of real gross domestic product (GDP) in those periods was identical, at 3.23 percent a year. That's a tie. Nearly all other measures favor the past four years over Clinton's first term. Unemployment was 5.3 percent from 2003 to 2006, but 6 percent from 1993 to 1996. Sperling mentioned business investment to avoid mentioning housing investment. Yet business fixed investment was 10.9 percent of GDP from 2003 to 2006, compared with 9.2 percent of GDP from 1993 to 1996.

When it comes to inflation, Bush faced a huge increase in worldwide oil prices, but Clinton did not. In the consumer price index that excludes energy prices, inflation averaged 2.1 percent in the past four years, down from 2.9 percent in 1993-96.

When calculating real incomes, however, nominal increases in wage and benefits are reduced by total inflation, including higher energy prices. This would seem to put the past four years at a big disadvantage, given the spike in energy prices. Yet it turns out that "wage growth" in the first Clinton term was nothing to brag about. Even after including benefits, real compensation per hour fell by 0.5 percent in 1993, by 0.4 percent in 1994 and by another 0.3 percent in 1995. Real hourly wages and benefits increased by 1.2 percent a year from 2003 to 2006, but fell by 0.1 percent a year from 1993 to 1996.

114 posted on 06/03/2007 7:04:05 AM PDT by Eagles Talon IV
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To: Eagles Talon IV

Forgot the link:

http://www.creators.com/opinion/alan-reynolds/comparing-bush-and-clinton-economies.html


115 posted on 06/03/2007 7:04:49 AM PDT by Eagles Talon IV
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To: Smogger
From the MSNBC article:

“But weakness persisted in manufacturing, construction and retailing, partly reflecting fallout from a yearlong housing slump.”

A nation that doesn’t manufacture and export will eventually be paying $2.25/hour again.

116 posted on 06/03/2007 7:22:09 AM PDT by John Leland 1789
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To: gogogodzilla
Are you aware that we follow the EPA emission gas standards in the US? My point is let us dictate to the world these standards in this midst of this huge brohaha going on in the world about gas emissions.
117 posted on 06/03/2007 9:46:07 AM PDT by jveritas (Support The Commander in Chief in Times of War)
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To: Eagles Talon IV

Thanks for taking the time to ‘spell’ out the numbers. I appreciate it greatly vs. people just dismissing me out-of-hand saying rather it’s “our own fault”. I do understand that some have experienced the opposite since Bush has gotten into office. [I think for us personally it was more a problem due to 9/11 and my husband’s company folding due to others pulling contracts out of fear, as well as living in an area with poor prevailing wages.]

You’re totally right, I was using anecdotal evidence in the way of personal experience which I understand is not necessarily reflective upon the general population. I apologize for letting my anger over our personal situation get in the way of my usually level-headed thinking. Still, I will say that the prevailing wages for machinists in many areas around the country have fallen — most likely due to outsourcing.

Just because hourly wages in service industries, and salaries in high tech fields have advanced doesn’t mean that all have enjoyed the same prosperity, and indeed some of the over-inflated wages in these areas would (in my opinion) skew the outcome of these studies.

Honestly though a 1.2% wage increase isn’t that much... $.012 on the dollar is not what I’d call a good raise. Also, if for example, wages in high-tech fields have risen say 2% over the last 4 years, but service industry wages have fallen 1% over the last four years, would that not still average out to an increase in wages? If so, then these numbers are not a good indicator of overall growth. Also, if wages in one area of the country have risen, but in other areas of the country they have fallen would they not perhaps cancel each other out and give the appearance of remaining steady?

I will readily admit economics is not my field of study, nor do I hold any expertise in this area. Then again, neither does the average person.

If our government wishes to help the average person understand how things are better off now (if they can’t see it themselves), it might help to include some real world examples besides using numbers and comparisons that only students of finance will completely understand. Perhaps breaking down the gains per industry for example, or listing the increase in prevailing wages per industry?

[I do realize there is a huge problem with the MSM failing to point out achievements, small or large when it has to do with Republicans...]


118 posted on 06/03/2007 1:33:14 PM PDT by LibertyRocks (Liberty Rocks Blog: http://libertyrocks.wordpress.com)
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To: John Leland 1789; Eagles Talon IV
John pointed out,
From the MSNBC article:

“But weakness persisted in manufacturing, construction and retailing, partly reflecting fallout from a yearlong housing slump.”

A nation that doesn’t manufacture and export will eventually be paying $2.25/hour again.


Thanks for pointing this part of the article out John. As this is exactly what I'm talking about when I say those of us who make our living in the manufacturing industry are not enjoying an increase in prosperity...
119 posted on 06/03/2007 1:36:28 PM PDT by LibertyRocks (Liberty Rocks Blog: http://libertyrocks.wordpress.com)
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To: Eagles Talon IV

Thanks for the link.


120 posted on 06/03/2007 1:40:58 PM PDT by LibertyRocks (Liberty Rocks Blog: http://libertyrocks.wordpress.com)
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