Posted on 11/06/2013 11:09:09 PM PST by Olog-hai
The Labor Department on Friday is expected to report the economy added 120,000 jobs in October, below the 148,000 recorded in September and the trend for months prior. …
Adding discouraged adults, who have quit looking for work altogether, and part-timers who want full-time employment, the unemployment rate is 13.6 percent. Even with more full-time positions, the pace of jobs creation is well short of the estimated 360,000 needed each month to lower unemployment to 6 percent over three years. That pace would require GDP growth in the range of 4 percent to 5 percent. …
The increased cost and slow pace of regulatory reviews curb investment spending. Robust assessments necessary to protect consumers and the environment must be at minimum cost and timely to add genuine value. Otherwise, excessive compliance costs send jobs to Asia and impose great social costs. …
(Excerpt) Read more at moneynews.com ...
I bet its at least 6 - 10 % higher if you take into account actual gainful employment sufficient to support a family on.
This country really is upside down, and it scares me. Not just because things are so bad, but that the people who have pushed all this nonsense on us have managed to stay in office throughout it all.
I mean, seriously. We have the worst economic performance of any administration in my lifetime, one of the worst, most incoherent foreign policies of the modern era, and the most blatant and obvious deception in generations (the Obamacare lies and the push for single payer). In any other era, we’d see mass resignations and a tidal wave at the ballot box. The former hasn’t happened and the latter remains to be seen.
Bad craziness, man. Bad craziness.
I heard someone say it was about 20% for unemployed — and something like 43% for underemployed.
The reason there was no such tide in 2012 was because, politically speaking, Romney is Obama. In fact, I could see how a Romney presidency could have been worse than a second Obama term: the "issue waivers to the states"-plan for "repealing" obamacare, would give the office of the president a huge extortionate-power over the states (Do what I say, or I'll revoke your waiver.
).
In short, people saw right through the Republican party's offering. I'm actually glad that they rejected the Tao of Republican Orthodoxy.
I posted as much before the election. I said that a Romney would probably accomplish more than Bozo in terms of the progressive agenda. The RINOS. And GOPe would have merrily helped him. I guess the “powers that be” decided there was no way they could turn off the Brown Shirt Media to reflexively demonize the pubbies so they were better off to stay the course with Bozo.
Agreed. Maybe 6 points.
Several shifts caused an alignment of the stars, planets, ... in his favor, however.
Demographics was one, women's vote was another, ... etc.
It is no longer "the economy" - it is government (at all levels), largess at full open throttle.
So, when it is said "We must invest in education for the future growth of the country. We must ivest in infra-structure, ... " It is accepted as Holy Writ with no mention of an assessment of the monies already spent.
The reply is a vague "What difference does it make now. The money is already spend."
To question anything about the returns on those monies is ... pick a word.
That’s why the Unemployment # is BS.
It’s the Employment #s that matter.
I don’t trust the BLS stats either; U3 vs U6 data is always “revised” so it changes semi-monthly or monthly. I agree with your 4 pts.
http://www.bls.gov/news.release/empsit.t15.htm
High unemployment is a permanent symptom of socialism. Check out any Euro country and weep, for that is our future..
Uh I would say more like 20%.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.