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Unemployment rate at 8.1%, only 115K jobs added, participation rate shrinks again to new low
Hotair ^ | 05/04/2012 | Ed Morrissey

Posted on 05/04/2012 6:35:44 AM PDT by SeekAndFind

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To: TornadoAlley3
We will all be Julia. Our last job, working in a community garden.

And when we die, we will be buried in those gardens. You know, circle of life...

21 posted on 05/04/2012 7:22:09 AM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
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To: SeekAndFind

Wouldn’t be beyond the ‘rats to take from whatever stimuli accounts with money in them they can muster, in October, and Tout big time - hey look, “We are Creating Jobs!”, while they create temporary poll jobs for the election, where the tasks include driving elderly to the polls, manning polling stations, manning polling station counters, helping those voters needing help (ie, provisional ballots, ID “problems”). While these jobs would be temporary, there would be a promise to the best “performers” for future employment in the government, if things work “out”.

Oh, expect the above bigtime in certain states in “need”... you know, so-called swing states.


22 posted on 05/04/2012 7:23:17 AM PDT by C210N (Wanted: Tagline)
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To: SeekAndFind

1/2 million people drop out of the jobs market. This is more than the entire population of the city of Los Vegas, or Oklahoma city just magically disapeared from the job rolls and unemployment ticked down.

They are just F’ing with us now!


23 posted on 05/04/2012 7:24:13 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Labyrinthos
I believe a lot of people are deporting, but not enough to show what is happening with the workforce graphs. People are being "magically" removed to artificially drop the unemployment percentage.

Any man who who lie in his autobiography about a compilation girlfriend will do anything. His flunkies in the bls are trying to help, because they think Democrats will be able to keep their salaries and bonuses high. Little do they realize what will happen when our economic system collapses because of government debt.

24 posted on 05/04/2012 7:28:31 AM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: SeekAndFind

My county’s real estate valuation just went down...it had stayed steady through the recession, but the appraisers could no longer keep them steady with a straight face.

Of course, this means tax revenues will drop...and this fall, our local budget hearings will be very animated. I see lots of public sector layoffs coming. I bet this is not an isolated case; and, we will see this happen all over the country.

Another revenue drop - food stamps. There is no sales tax on items purchased with them in many states. As their use goes up, local revenues go down...more government layoffs.

We have set ourselves up for a quick spiral.

Fundamentally, I do think it is good to shed public jobs, and gain private ones...but if the losses outpace the gains, its not good.


25 posted on 05/04/2012 7:55:31 AM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: SeekAndFind
I remember when Bush was President and you needed 450,000
jobs to stay even. Now 150,000 jobs to stay even.

Obama has got it made.

26 posted on 05/04/2012 8:18:30 AM PDT by factmart
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To: SeekAndFind

Any Republican who doesn’t soundly tar and feather Obama with the job numbers this campaign is not worth his salt.


27 posted on 05/04/2012 8:23:48 AM PDT by OrangeHoof (Evil never reveals the truth until it's too late to flee.)
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To: The Sons of Liberty

The good thing is that it takes people a long time to buy into it...even in the past when the economy started recovering right before the election, it didn’t help the candidate much since it was too late.

I think people will still be very pessimistic regardless due to what they actually see on the ground.


28 posted on 05/04/2012 8:23:48 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: rwfromkansas

As much as it hurts the Country and me personally, I pray the economy stays in the tank until after election day. It will be our only chance to rid ourselves of the communist scourge that has infected us.


29 posted on 05/04/2012 8:27:57 AM PDT by The Sons of Liberty (Sworn to Defend The Constitution Against ALL Enemies, Foreign and Domestic. So Help Me GOD!)
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To: SeekAndFind

clearly another manufactured number.....just take some more people off the table and the rate goers down.....all BS from bambi


30 posted on 05/04/2012 8:32:20 AM PDT by The Wizard (Madam President is my President now and in the future)
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To: The Sons of Liberty
As much as it hurts the Country and me personally, I pray the economy stays in the tank until after election day. It will be our only chance to rid ourselves of the communist scourge that has infected us.

What you said, plus as much as I would hate it, I hope gas is around $8/gallon on election day, since that's one thing the drive bys can't hide from the sheeple.

31 posted on 05/04/2012 8:42:59 AM PDT by Marathoner (At least Ann Romney won't tell us what to eat.)
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To: SeekAndFind

Polls and government figures are equal to fairy tales.


32 posted on 05/04/2012 8:47:23 AM PDT by bmwcyle (I am ready to serve Jesus on Earth because the GOP failed again)
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To: SeekAndFind

I don’t read this chart as jobs we lost. I read this chart as jobs we never should have had.

That entire 30 year arch of maximized workforce participation came from and only from, debt. Massive debt. That is the rise and fall of a massive debt bubble expresses as the jobs gained and lost resulting from said rise and fall.

That chart mirrors the home ownership rates during the housing bubble. It is identical in nature. It is not that we lost so many home owners, but that we had so many people that should never have been sold homes because they had no way to pay for them.

Guess waht? That workforce participation chart is the same -— we should never have created those jobs because they were not a product of savings and wealth creation, but of debt.

In both cases the rise and fall was based on funny money, not fundamentals.

The chart is just a symptom or indicator of our failure to create real wealth through savings and investment.


33 posted on 05/04/2012 9:10:46 AM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: The Sons of Liberty

this depression will not be televised.

(we’re going to get Messiah 2.0 )


34 posted on 05/04/2012 1:07:27 PM PDT by TurboZamboni (Looting the future to bribe the present)
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