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Unemployment sinks to 5-year low (11/3/06)
CNNMoney ^ | 11/3/06 | Chris Isidore

Posted on 03/07/2010 5:22:15 PM PST by originalbuckeye

NEW YORK (CNNMoney.com) -- The unemployment rate fell to the lowest level in more than five years in October, the government reported Friday, a sign of unexpected strength in the job market. The jobless rate sank to 4.4 percent from 4.6 percent in September, the Labor Department said. It was the lowest since May 2001. Economists had forecast the rate would hold steady. The department also said that employers added 92,000 jobs in October, down from a revised 148,000 in September, and short of Wall Street forecasts for a gain of 125,000. But the September reading was revised up from the originally reported 51,000, and the increase, together with a revision to the August reading as well, had employment up 139,000 above earlier estimates heading into October. Those revisions and the modest October gain mean that 1.5 million jobs have been added so far this year, which is above forecast by most private economists, and blunts the effect of the modest October gain. The Bush administration hailed the report, but one political analyst said it wasn't likely to help Republicans facing tough elections battles on Tuesday. Polls indicate the economy isn't the top issue in the midterm elections. State-by-state unemployment rates The tighter job market is apparently helping to lift wages, according to the Labor Department report, which showed that average wages rose 6 cents to $16.91 an hour last month, a shade above what economists had forecast. Average wages are now up 3.9 percent over the last 12 months while the Consumer Price Index, the government's main inflation gauge, is up 2.1 percent for the 12 months ending in September, partly due to the recent sharp decline in oil prices.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Government; Politics/Elections
KEYWORDS: 2006; bushlovfest; repost; unemployment
This is an article from around the 2006 election. I had an arguement with my brother about the low unemployment rate when the Democrats took over the House and Senate. He didn't believe me. Thought you all might be interested. The article states that unemployment wasn't high in American's minds running up to the election of 2006. Too bad. We should have been MUCH more concerned then!
1 posted on 03/07/2010 5:22:15 PM PST by originalbuckeye
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To: originalbuckeye

So what did your BIL have to say for himself when presented with facts? :-)


2 posted on 03/07/2010 5:24:43 PM PST by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: originalbuckeye

The economy went downhill right after Nancy the Pelosi became Speaker.


3 posted on 03/07/2010 5:24:56 PM PST by Brilliant
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To: originalbuckeye

glad you pulled this up.


4 posted on 03/07/2010 5:27:18 PM PST by GOP Poet (Obama is an OLYMPIC failure.)
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To: originalbuckeye

5 posted on 03/07/2010 5:28:59 PM PST by Jet Jaguar
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To: originalbuckeye

There is also the factor that some economist consider 4% as zero unemployment as that is close to the amount of people that won’t look for a job because they would rather collect unemployment as long as they can.


6 posted on 03/07/2010 5:30:58 PM PST by ReformedBeckite
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To: Jet Jaguar

That is one cool graph! What is the source, and have you verified it’s validity?


7 posted on 03/07/2010 5:31:30 PM PST by jimmyray
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To: originalbuckeye

Bush’s Fault LOL!!!!


8 posted on 03/07/2010 5:32:01 PM PST by Nat Turner (Escaped from NY in 1983 and not ever going back....)
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To: jimmyray

http://www.freerepublic.com/focus/f-bloggers/2451468/posts

no validity is noted.

but, no validity is not noted.


9 posted on 03/07/2010 5:32:38 PM PST by Jet Jaguar
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To: originalbuckeye

W’s economy was a house of cards based on government growth, a commodities bubble, and a housing bubble.


10 posted on 03/07/2010 5:34:27 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Jet Jaguar

Great chart!

I always figured thaty somehow or other Unemployment was tied to Global Warming!


11 posted on 03/07/2010 5:37:23 PM PST by Tucsonican
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To: originalbuckeye

Yeah. Funny how it is all Bush's fault. These types of graphs just keep popping up.

12 posted on 03/07/2010 5:38:03 PM PST by rlmorel (We are traveling "The Road to Serfdom".)
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To: originalbuckeye

Good one.


13 posted on 03/07/2010 5:38:57 PM PST by rae4palin (islam is of the devil)
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To: originalbuckeye

In the 2006 midterm elections, democrats took back control of congress. Lets see how they’ve done:

Dow Jones Average
Jan 07: 12,398
Current: 10,566

Unemployment Rate
Jan 07: 4.6
Current: 9.7

Federal Deficit
Jan 07: $162 billion
Current: 1.5 trillion

Federal Debt
Jan 07: 8.7 trillion
Current: 12.3 trillion

(Additions and corrections welcome)


14 posted on 03/07/2010 5:44:30 PM PST by icwhatudo ("laws requiring compulsory abortion could be sustained under the existing Constitution"Obama Adviser)
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To: Jet Jaguar
no validity is noted.

but, no validity is not noted.

LOL! Is that akin to "no controlling legal authority"?

15 posted on 03/07/2010 5:44:33 PM PST by jimmyray
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To: Jet Jaguar

but now the line is grey as a whore by any other color would still be a whore.


16 posted on 03/07/2010 5:44:44 PM PST by the invisib1e hand (let the rich eat the rich.)
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To: Moonman62

The Bard:
Double, double toil and trouble;
Fire burn and cauldron BUBBLE.
Cool it with a baboons blood,
Then the charm is firm and good.


17 posted on 03/07/2010 5:47:40 PM PST by nkycincinnatikid
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To: originalbuckeye

18 posted on 03/07/2010 5:47:45 PM PST by Jet Jaguar
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To: originalbuckeye
The unemployment rate fell to the lowest level in more than five years in October, the government reported Friday, a sign of unexpected strength in the job market.

Always with the "unexpected"; although being a Republican admin at the time, the MSM was naturally "expecting" bad news.

19 posted on 03/07/2010 5:50:23 PM PST by 6SJ7 (atlasShruggedInd = TRUE)
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To: originalbuckeye
From the article: "a sign of unexpected strength in the job market."

Oh, Okay... I think I've got the Lame Stream Media's running narrative now:

Republican in Office = Expected weak job market.
DemonRat in Office = Expected strong job market.

Yup, that would explain why they (the LSM) are always surprised when the real numbers start rolling in.

Kind of a variant on the Self-fulfilling Prophecy syndrome. lol.

Cheers

20 posted on 03/07/2010 5:51:22 PM PST by DoctorBulldog
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To: originalbuckeye
Food for thought, OB.
I thought this thread, "Michigan's jobless rate rises to 8.9 pct in August 2008" was depressing...
The rate for 2009? 13.6 percent.
21 posted on 03/07/2010 5:52:02 PM PST by MaryFromMichigan
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To: originalbuckeye

Yeah, I was going to ask what year this was beamed out of!


22 posted on 03/07/2010 5:53:25 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: originalbuckeye

I’m going to send this to my dumbass brother & even more stupid sister-in-law, both of whom voted for 0bozo the commie pig, because 0bozo (according to my dumbass brother) was going to “fix” the economy. We have not really been on speaking terms since Oct 2008. I guess he must not have liked it, when I referred to he & his wife as dumbass morons. I don’t understand it? LOL


23 posted on 03/07/2010 5:54:34 PM PST by rcrngroup
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To: Jet Jaguar

Glad someone is showing this stuff...thanks.


24 posted on 03/07/2010 5:55:03 PM PST by ez ("Abashed the Devil stood and felt how awful goodness is..." - Milton)
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To: Brilliant
The economy went downhill right after Nancy the Pelosi became Speaker.

Can you think of a better basis for GOP political advertisements?

.

25 posted on 03/07/2010 5:57:51 PM PST by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Jet Jaguar

Another great chart!


26 posted on 03/07/2010 5:58:16 PM PST by rcrngroup
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To: Jet Jaguar

Another great chart!


27 posted on 03/07/2010 5:58:41 PM PST by rcrngroup
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To: icwhatudo

That Federal Deficit literaly gives me a chill up my spine. Those S.O.B.s


28 posted on 03/07/2010 5:59:16 PM PST by 21twelve (Having the Democrats in control is like a never-ending game of Calvin ball. (Giotto))
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To: originalbuckeye

I sure miss ‘The Salad Days’ of 2006! *SMIRK*

U-6 figures are nearing 20% That’s counting everyone currently laid off, people who are marginally employed (they’d work MORE hours if more hours were AVAILABLE to them) and those that have just flat-out given up on finding a job anymore.


29 posted on 03/07/2010 6:10:25 PM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
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To: 21twelve
"That Federal Deficit literaly gives me a chill up my spine."

You are right to feel that way. This is economic warfare and we are we are up the creek.

30 posted on 03/07/2010 6:10:41 PM PST by Earthdweller (Harvard won the election again...so what's the problem.......?)
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To: icwhatudo

Tell me again why certain ‘movement’ types insisted the republicans needed to be punished.


31 posted on 03/07/2010 6:11:41 PM PST by Carley (Are you better off now than one year ago? HELL NO!!!!!)
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To: ez
Glad someone is showing this stuff...thanks.

This asshole should be pushing this information out to the public.

.

.

Does anyone who what he does, other than promoting his stupid book?

.

32 posted on 03/07/2010 6:16:43 PM PST by Cobra64
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To: Carley
"Tell me again why certain ‘movement’ types insisted the republicans needed to be punished."

Because they do not reverse big government grabs, the loss of freedoms and socialist policies in general that lead to huge deficits, creeping taxation and the destruction of the constitutional republic.

The charts reflect Americans ability to bounce back when they have hope of a turn around. If the government and their lobbyist friends (including big government Republicans) takeover health care...you can forget about ever seeing that chart go up again.

33 posted on 03/07/2010 6:22:38 PM PST by Earthdweller (Harvard won the election again...so what's the problem.......?)
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To: Jet Jaguar

Can you give me the link for this? I want to post it on a Dem biased website.


34 posted on 03/07/2010 6:23:33 PM PST by Beowulf9
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To: Beowulf9

http://images.google.com/imgres?imgurl=http://rightamerican.files.wordpress.com/2009/10/unemployment.jpg&imgrefurl=http://rightamerican.wordpress.com/2009/10/23/unemployment-rate-over-last-25-years/&usg=__wWw2Hahu1GaMVBAN6VK6PblEmkY=&h=875&w=1462&sz=110&hl=en&start=1&um=1&itbs=1&tbnid=Nwn7OaNfdDoaVM:&tbnh=90&tbnw=150&prev=/images%3Fq%3Dunemployment%2Brate%2Bover%2Blast%2B25%2Byears%26um%3D1%26hl%3Den%26safe%3Doff%26sa%3DN%26tbs%3Disch:1

Try this. Sorry it is so long.


35 posted on 03/07/2010 6:27:06 PM PST by Jet Jaguar
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To: Diana in Wisconsin

I hear you about the “salad days.” Thankfully (knock wood) my husband is still gainfully employed. I thought I’d get a part-time job to supplement our income. There is NOTHING out there. I divided a bus load of plants from our garden and sold them at a garage sale last year. Looks like I’ll be digging a few more...


36 posted on 03/07/2010 6:58:11 PM PST by mplsconservative (0bama = Epic Fail)
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To: Jet Jaguar

Cute chart. Thank you!


37 posted on 03/07/2010 7:01:11 PM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Jet Jaguar

For later read


38 posted on 03/07/2010 7:01:22 PM PST by Go Gordon (Obama - He has nothing to say, but will say it anyway)
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To: rlmorel

OOh we should make that one into a 3”x4” sticker and put it on every gas pump we pull up to.


39 posted on 03/07/2010 7:40:09 PM PST by Boiling point (Beck / Palin 2012)
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To: Jet Jaguar

Part of this graph especially for 2007-2008 is the result of Democrats also raising the minimum wage quite a bit and it was a contributing job-killing factor to rising unemployment even prior to the October 2008 stock market tumble.


40 posted on 03/07/2010 7:45:10 PM PST by tflabo (Restore the Republic)
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To: Jet Jaguar

Great chart.


41 posted on 03/07/2010 7:48:26 PM PST by Sister_T (Stealing from the rich to give to the poor is still stealing ... Exodus 20:15)
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To: originalbuckeye

And in response the one of every two persons you see on a daily basis put a San Francisco Marxist named pelosi two heartbeats from the presidency.

Of course the incompetent fossils that pass for GOP “leaders”
wouldn’t dare mention that everything went to hell after the socialists took power in 2006, but that only because their Alzheimers is kicking in and they forgot .

God save us from the imbeciles that surround us and give us the strength to neutralize them


42 posted on 03/07/2010 7:53:06 PM PST by Rome2000 (OBAMA IS A COMMUNIST CRYPTO-MUSLIM)
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To: All
Both my parents, Conservative to the core, have passed on. I have one sister, a Socialist (how she describes herself) and two Leftist brothers. My older Leftist brother was visiting this weekend. I tried to show him about the unemployment rate but he got so angry he stalked out and went to bed. There are citizens who were brought up right but who will not see the truth. The 60’s did so much damage to our National psyche. Some from that era will never recover. I am sad to say that our nation's survival depends on those of us who remember why our country was founded and has thrived for the last 2+ centuries. I wasn't able to show my brother the statistics of unemployment. He is a true Kool-aid drinker.
43 posted on 03/07/2010 8:18:44 PM PST by originalbuckeye
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To: Incorrigible

Facts? Facts don’t matter to Leftists. They consider facts to be something manufactured to interrupt their reverie of possible Utopia.


44 posted on 03/07/2010 8:20:15 PM PST by originalbuckeye
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To: originalbuckeye

My story is kind of the reverse, a kid born to a far left liberal couple. I have three siblings, two of which are still moonbats, I was the first to turn to the dark side and fortunately brought one with me.


45 posted on 03/07/2010 8:22:07 PM PST by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: DoctorBulldog
Yes. My son graduated high school in 2005. In his History class they were shown a ‘documentary’ from the early 80’s about America narrated by Cronkite. My son was shocked at how biased it was. I told him that we didn't realize the Left-wing bias of the National News Media that long ago. How sad our country has been manipulated by the Media for decades now.
46 posted on 03/07/2010 8:24:58 PM PST by originalbuckeye
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To: Lakeshark

Kudos. Perhaps your sibling is more intelligent than all of mine!


47 posted on 03/07/2010 8:25:43 PM PST by originalbuckeye
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To: originalbuckeye

He’s a Phd, and his first job was in DC for the feds the last year of the Carter administration. When I told him I voted for Reagan (my first ever vote), he was shocked. Two years later he had turned into a raving conservative. He hated working for the feds, couldn’t believe how little federal workers actually did. It didn’t take a lot of intelligence to figure that one out.


48 posted on 03/07/2010 8:31:47 PM PST by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: mplsconservative

My husband works for himself (computer consulting/repair/networking/security, etc.) and things have been a bit slower for him this year.

Luckily my workload picks up this time of year and I get lots of hours and all the overtime I can handle from now until July, so it evens out our budget.

Garage sale? You betcha! A good friend and I have one each year and last year I really stripped the house (sold lots of stashed fabric and yarn) and made $300.00.

When I’m back working from home (in a few years) I plan to hold a huge “Trash or Treasure” sale each season or a plant sale or invite locals to come to our farm for the day to sell what they grow; a Farmer’s Market, but on a real farm, LOL! I think the concept will sell itself. ;)

There are plenty-o-ways to make a buck even in a horrible 0bamaconomy. :)


49 posted on 03/08/2010 4:50:34 AM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
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To: originalbuckeye

Ping, from November, 2006.


50 posted on 01/06/2013 7:04:58 AM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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