US jobless down to 5 percent as 271,000 jobs created in October

[jjJJ1133]

Right Wing news consumers are always shocked when presented with a fair and balance report. They only get the "other side' of the story. Sad.

Over the last six decades or so, history has tended to favor Democratic presidents in terms of economic performance.

The country's unemployment rate has been lower at the end of every Democrat's tenure since Kennedy took office in 1961.

Maybe it's just luck?

"The country's unemployment rate has been lower at the end of every Democrat's tenure since Kennedy took office in 1961.

Yet another unsupported claim.

However, let's look at all this marvelous job creation that some claim has occurred under Obama.

To understand the "new jobs created" category, one needs to understand how the number is arrived at.

The job creation numbers come as an estimate by the BLS from thousands of employers and is really a very simple calculation.

The numbers generated by the BLS are actually "total employment," and the "new jobs" numbers cited are simply "the change in total employment" month to month. They reflect "net new jobs" and do not attempt to estimate the absolute number of so called shovel ready new jobs.

--------------------------------------------------------------------

Permit me to compare then with now...

1. Civilian labor force aged 16-64

Jan 2009 - 154,210,000

Oct 2015 - 157,028,000

2. Labor force participation rate

Jan 2009 - 65.7%

Oct 2015 - 62.4%

3. Number employed

Jan 2009 - 142,152,000

Oct 2015 - 149,120,000

4. Employed to population ratio

Jan 2009 - 60.6%

Oct 2015 - 59.3%

5. Unemployed

Jan 2009 - 12,058,000

Oct 2015 - 7,908,000

6. Not in Labor Force

Jan 2009 - 80,529,000

Oct 2015 - 94,513,000

---------------------------------------------------------------------

These numbers tell us several things.

1. The number of employed citizens during the period of Jan 2009 through Oct 2015 has grown by 6,968,000.

2. The number of unemployed citizens has dropped from 12,058,000 to 7,908,000, a decrease of 4,120,000.

These numbers would be surprisingly good unless one looks at a few other factors.

3. The civilian labor force has increased 2,818,000.

4. The labor force participation rate has decreased 3.2%.

5. The labor force participation number has increased by 13,984,000 which means that many fewer people actively seeking employment.

To summarize:

While the number of employed citizens has increased and the number of unemployed citizens has decreased, the net differential does not mean there have been over 11,000,000 jobs created during the Obama recovery.

As the above number fluctuated, so too did the civilian labor force by some 2,818,000 and even more glaringly, 13,874,000 citizens have dropped from the active unemployment rolls and are no longer in the labor force.

Further consider that the BLS counts any work performed by any citizen for even one day in the month as a new job. As an example if some single mom takes five day jobs with five different companies for one day per month, she suddenly has created five new jobs while only working five days in the month.

By the same token if that same single mom then goes one full calendar month and does not seek a job, she is dropped from the rolls and is no longer considered as unemployed either.

I say my 13,874,000 citizens that have left the labor force far outweigh any "new job" increase this administration has been able to accomplish.

Now just for the record, none of this information was obtained from Fox News. As i have stated earlier in this thread, I do not receive nor do i watch Fox News.

My figures are taken directly off the Bureau of Labor Statistics web site. As you may or may not know, the BLS is part and parcel of the US Department of Labor.

Here's the link for you to gain some knowledge, but don't try and foist off some editorial from Huffington Post or any other secular progressive site that is in the pocket of the administration and Democrat party.

Perhaps this site will get you to think on your own: http://www.bls.gov/news.release/empsit.t01.htm

And we haven't even begun to discuss the affect Obamacare is having on the unemployment problem.

In the seven first quarters that Obama has been president (2009 through 2015); the annual rate of growth in GDP has declined at an average rate of -0.43 percent according to the National Bureau of Economic Research.

President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth.

Food stamp usage – President Obama once bragged how Bush was the food stamp president, yet under Obama food stamp users went up 45%

2001 - 27.4 Million on Food Stamps - Mr. Clinton

2009 - 28.2 Million on Food Stamps - Mr. Bush

2013 - 47.8 Million on Food Stamps - Mr. Obama

Source - Wall Street Journal

Although I was no huge Bush supporter - in 2008 then Senator Obama called Bush "Unpatriotic" for adding about 4 trillion in debt in 4 years after 9/11 and the mortgage crisis. The National Debt was increased more during President Obama's three years and two months in office than it did during the entire 8 years of the George W. Bush presidency. It's estimated that by the time Obama leaves office it will be at or near 19-20 trillion dollars.

Have read several posts who keep touting the U.S. stock market. When people invest in the stock market they are buying companies, not economies. So if companies manage their debt, cash, resources, etc. better than the overall economy, then stocks can go up while the economy does not.

What's going on in the U.S. economy isn't reflective of what is or will happen in stocks is that most of the companies (if not all of them) in the S&P 500 and Dow Jones Industrial Average, etc. have very significant international operations that are affected by those economies as well as our economy.

In fact, much of their growth and expansion is into Foreign economies.

What else did we get from Obama? Ineffective wars that destabilized the entire middle east and we got nothing out of it. Other countries like China, Japan, South Korea and Mexico rapidly expanding their economies by currency devaluation/manipulation while we continue to lose our manufacturing base. We continue to get flooded with illegal aliens who cost taxpayers billions.

But hey - at least Michelle Obama for the first time in her life is now finally proud to be an American.

Oh yeah, I don't watch Fox news and I'm not a "right winger" - so stop with the generalizations.

[up2u2]

Food stamps just subsidise below poverty line wages that in turn into Corporate profit balance sheets. You pay a worker so low they cannot afford to feed themselves is outrageous!!!!!!!!!!

After George Dubayah set fire to the place and ran out the back door leaving Obama to clean up the mess it is absolutely no wonder under paid workers and sacked workers needed food stamps for them and their children to survive.

[RidgeRunner]

Right Wing news consumers are always shocked when presented with a fair and balance report. They only get the "other side' of the story. Sad.

Over the last six decades or so, history has tended to favor Democratic presidents in terms of economic performance.

The country's unemployment rate has been lower at the end of every Democrat's tenure since Kennedy took office in 1961.

Maybe it's just luck?

"The country's unemployment rate has been lower at the end of every Democrat's tenure since Kennedy took office in 1961.

Yet another unsupported claim.

However, let's look at all this marvelous job creation that some claim has occurred under Obama.

To understand the "new jobs created" category, one needs to understand how the number is arrived at.

The job creation numbers come as an estimate by the BLS from thousands of employers and is really a very simple calculation.

The numbers generated by the BLS are actually "total employment," and the "new jobs" numbers cited are simply "the change in total employment" month to month. They reflect "net new jobs" and do not attempt to estimate the absolute number of so called shovel ready new jobs.

--------------------------------------------------------------------

Permit me to compare then with now...

1. Civilian labor force aged 16-64

Jan 2009 - 154,210,000

Oct 2015 - 157,028,000

2. Labor force participation rate

Jan 2009 - 65.7%

Oct 2015 - 62.4%

3. Number employed

Jan 2009 - 142,152,000

Oct 2015 - 149,120,000

4. Employed to population ratio

Jan 2009 - 60.6%

Oct 2015 - 59.3%

5. Unemployed

Jan 2009 - 12,058,000

Oct 2015 - 7,908,000

6. Not in Labor Force

Jan 2009 - 80,529,000

Oct 2015 - 94,513,000

---------------------------------------------------------------------

These numbers tell us several things.

1. The number of employed citizens during the period of Jan 2009 through Oct 2015 has grown by 6,968,000.

2. The number of unemployed citizens has dropped from 12,058,000 to 7,908,000, a decrease of 4,120,000.

These numbers would be surprisingly good unless one looks at a few other factors.

3. The civilian labor force has increased 2,818,000.

4. The labor force participation rate has decreased 3.2%.

5. The labor force participation number has increased by 13,984,000 which means that many fewer people actively seeking employment.

To summarize:

While the number of employed citizens has increased and the number of unemployed citizens has decreased, the net differential does not mean there have been over 11,000,000 jobs created during the Obama recovery.

As the above number fluctuated, so too did the civilian labor force by some 2,818,000 and even more glaringly, 13,874,000 citizens have dropped from the active unemployment rolls and are no longer in the labor force.

Further consider that the BLS counts any work performed by any citizen for even one day in the month as a new job. As an example if some single mom takes five day jobs with five different companies for one day per month, she suddenly has created five new jobs while only working five days in the month.

By the same token if that same single mom then goes one full calendar month and does not seek a job, she is dropped from the rolls and is no longer considered as unemployed either.

I say my 13,874,000 citizens that have left the labor force far outweigh any "new job" increase this administration has been able to accomplish.

Now just for the record, none of this information was obtained from Fox News. As i have stated earlier in this thread, I do not receive nor do i watch Fox News.

My figures are taken directly off the Bureau of Labor Statistics web site. As you may or may not know, the BLS is part and parcel of the US Department of Labor.

Here's the link for you to gain some knowledge, but don't try and foist off some editorial from Huffington Post or any other secular progressive site that is in the pocket of the administration and Democrat party.

Perhaps this site will get you to think on your own: http://www.bls.gov/news.release/empsit.t01.htm

And we haven't even begun to discuss the affect Obamacare is having on the unemployment problem.

In the seven first quarters that Obama has been president (2009 through 2015); the annual rate of growth in GDP has declined at an average rate of -0.43 percent according to the National Bureau of Economic Research.

President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth.

Food stamp usage – President Obama once bragged how Bush was the food stamp president, yet under Obama food stamp users went up 45%

2001 - 27.4 Million on Food Stamps - Mr. Clinton

2009 - 28.2 Million on Food Stamps - Mr. Bush

2013 - 47.8 Million on Food Stamps - Mr. Obama

Source - Wall Street Journal

Although I was no huge Bush supporter - in 2008 then Senator Obama called Bush "Unpatriotic" for adding about 4 trillion in debt in 4 years after 9/11 and the mortgage crisis. The National Debt was increased more during President Obama's three years and two months in office than it did during the entire 8 years of the George W. Bush presidency. It's estimated that by the time Obama leaves office it will be at or near 19-20 trillion dollars.

Have read several posts who keep touting the U.S. stock market. When people invest in the stock market they are buying companies, not economies. So if companies manage their debt, cash, resources, etc. better than the overall economy, then stocks can go up while the economy does not.

What's going on in the U.S. economy isn't reflective of what is or will happen in stocks is that most of the companies (if not all of them) in the S&P 500 and Dow Jones Industrial Average, etc. have very significant international operations that are affected by those economies as well as our economy.

In fact, much of their growth and expansion is into Foreign economies.

What else did we get from Obama? Ineffective wars that destabilized the entire middle east and we got nothing out of it. Other countries like China, Japan, South Korea and Mexico rapidly expanding their economies by currency devaluation/manipulation while we continue to lose our manufacturing base. We continue to get flooded with illegal aliens who cost taxpayers billions.

But hey - at least Michelle Obama for the first time in her life is now finally proud to be an American.

Oh yeah, I don't watch Fox news and I'm not a "right winger" - so stop with the generalizations.

"Obama wars destabilised the entire Middle East"

We have officially entered the Twilite Zone.

You know it's almost December. Probably time to start the 'stupidest post of the year' award nominations.

[RidgeRunner]

Getting back to the unemployment numbers.

The last 5 months of GW Bush's term, he lost 3,213,000 jobs. And those poor peoples retirement accounts got chopped by 70% in the stock crash + 20 million people lost their homes.

Another 3 ,000,000 jobs were lost during Obamas first 5 months before he turned around the economy.

Lets assign GW Bush 6,213,000 job losses in those 10 months. Fair?

Now we have a booming economy + stock market up 200%, unemployment cut to below 5%, the housing inventory is at an all time low, 2 Bush wars finished and a proper health care system underway.

Now with another Clinton in office, the budget will be balanced and the recovery from the Bush years will continue

Edited November 11, 2015 by RidgeRunner

[chuckd]

Food stamps just subsidise below poverty line wages that in turn into Corporate profit balance sheets. You pay a worker so low they cannot afford to feed themselves is outrageous!!!!!!!!!!

After George Dubayah set fire to the place and ran out the back door leaving Obama to clean up the mess it is absolutely no wonder under paid workers and sacked workers needed food stamps for them and their children to survive.

Did you ever stop to wonder how many of those newly found 47.8 million on food stamps are also part of the 94 million not in the labor force?

Yeah, I thought not.

What about the Social Security Disability fund? They say fraud is rampant in this slush fund.

-------------------------------------------------------------------

From the article linked below:

•Since President Obama's 2009 inauguration, 5.9 million people have been added to SSDI, a 23 percent increase over the last five years (compare that to 2.5 million new jobs created during the same time period);

•SSDI rolls have swollen to almost 11 million recipients (translation: 1 in 14 U.S. workers);

•In 2011, only 3.6 percent of enrollees exited the program due to "medical improvement";

•Also in 2011, the program cost taxpayers $128.9 billion (18 percent of all Social Security spending) and generated a deficit of $25.3 billion.

http://articles.baltimoresun.com/2013-03-03/news/bs-ed-ehrlich-ssdi-20130303_1_ssdi-obama-administration-entitlement

[chuckd]

<snip>

President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth.

Food stamp usage – President Obama once bragged how Bush was the food stamp president, yet under Obama food stamp users went up 45%

2001 - 27.4 Million on Food Stamps - Mr. Clinton

2009 - 28.2 Million on Food Stamps - Mr. Bush

2013 - 47.8 Million on Food Stamps - Mr. Obama

Source - Wall Street Journal

Although I was no huge Bush supporter - in 2008 then Senator Obama called Bush "Unpatriotic" for adding about 4 trillion in debt in 4 years after 9/11 and the mortgage crisis. The National Debt was increased more during President Obama's three years and two months in office than it did during the entire 8 years of the George W. Bush presidency. It's estimated that by the time Obama leaves office it will be at or near 19-20 trillion dollars.

Have read several posts who keep touting the U.S. stock market. When people invest in the stock market they are buying companies, not economies. So if companies manage their debt, cash, resources, etc. better than the overall economy, then stocks can go up while the economy does not.

What's going on in the U.S. economy isn't reflective of what is or will happen in stocks is that most of the companies (if not all of them) in the S&P 500 and Dow Jones Industrial Average, etc. have very significant international operations that are affected by those economies as well as our economy.

In fact, much of their growth and expansion is into Foreign economies.

What else did we get from Obama? Ineffective wars that destabilized the entire middle east and we got nothing out of it. Other countries like China, Japan, South Korea and Mexico rapidly expanding their economies by currency devaluation/manipulation while we continue to lose our manufacturing base. We continue to get flooded with illegal aliens who cost taxpayers billions.

But hey - at least Michelle Obama for the first time in her life is now finally proud to be an American.

Oh yeah, I don't watch Fox news and I'm not a "right winger" - so stop with the generalizations.

"Obama wars destabilised the entire Middle East"

We have officially entered the Twilite Zone.

You know it's almost December. Probably time to start the 'stupidest post of the year' award nominations.

"You know it's almost December. Probably time to start the 'stupidest post of the year' award nominations."

You just won my vote.

Edited November 11, 2015 by chuckd

[RidgeRunner]

The nerve of the republicans complaining about unemployment and food stamps after the mess they made.

Now they want to pin the Bush wars on him too. Funny.

[gazzasore]

The way I look at to why would you believe this when Washington lie about most other things anyway

[gazzasore]

Craig Hemke-Get Physical Metal Because the End is Coming

[RidgeRunner]

Isn't it laughable?

The republicans only gripe is, Obama didn't fix their screw ups fast enough.

Now they even have another Bush in the running?

Stupid.

[cdnvic]

Off topic comments and personal attacks removed. Stop attacking each other please.

[Boon Mee]

Still awaiting substantiation of those unsupported numbers...

[RidgeRunner]

These numbers?

Didn't you watch the republican debate this week. The moderators and candidates discussed these numbers just 2 days ago.

The republicans look real silly discussing jobs and minimum wage.

"DEMOCRATS 35.8 million jobs created.

REPUBLICANS 5.5 million jobs created.

Barak Obama has created 12.8 million jobs.

GW Bush created 3 million jobs.

Bill Clinton created 23 million jobs.

HW Bush created 2.5 million jobs."

Edited November 11, 2015 by RidgeRunner

[VIPinthailand]

if you give me 10 trillions, I think I can create jobs too.

politicians are all liars. many are lawyers...

[up2u2]

Food stamps just subsidise below poverty line wages that in turn into Corporate profit balance sheets. You pay a worker so low they cannot afford to feed themselves is outrageous!!!!!!!!!!

After George Dubayah set fire to the place and ran out the back door leaving Obama to clean up the mess it is absolutely no wonder under paid workers and sacked workers needed food stamps for them and their children to survive.

Did you ever stop to wonder how many of those newly found 47.8 million on food stamps are also part of the 94 million not in the labor force?

Yeah, I thought not.

What about the Social Security Disability fund? They say fraud is rampant in this slush fund.

-------------------------------------------------------------------

From the article linked below:

•Since President Obama's 2009 inauguration, 5.9 million people have been added to SSDI, a 23 percent increase over the last five years (compare that to 2.5 million new jobs created during the same time period);

•SSDI rolls have swollen to almost 11 million recipients (translation: 1 in 14 U.S. workers);

•In 2011, only 3.6 percent of enrollees exited the program due to "medical improvement";

•Also in 2011, the program cost taxpayers $128.9 billion (18 percent of all Social Security spending) and generated a deficit of $25.3 billion.

http://articles.baltimoresun.com/2013-03-03/news/bs-ed-ehrlich-ssdi-20130303_1_ssdi-obama-administration-entitlement

Okay chuckd the unemployment rate under Obama is 50%, the deficit is $1000 trillion, Obama started the wars in Afghanistan and Iraq, the poor and middle class are getting so wealthy they can hardly spend the money they earn, the US health system is the most affordable in the world, even the poorest youth can afford a University education at Stanford, infrastructure repair and growth is breaking all records in the history of the USA, prison populations are at an all time low. The US work force are working less hours for more money. The only real problem is Corporate America and the Banking system and hedge fund managers operating out of Bermuda need drastic Tax cuts.

It just gets more and more ridiculous.

A rational person would have to arrive at the conclusion that the Right Wing Republican Party isn't so much a political ideology but more a psychiatric illness.

[chuckd]

Food stamps just subsidise below poverty line wages that in turn into Corporate profit balance sheets. You pay a worker so low they cannot afford to feed themselves is outrageous!!!!!!!!!!

After George Dubayah set fire to the place and ran out the back door leaving Obama to clean up the mess it is absolutely no wonder under paid workers and sacked workers needed food stamps for them and their children to survive.

Did you ever stop to wonder how many of those newly found 47.8 million on food stamps are also part of the 94 million not in the labor force?

Yeah, I thought not.

What about the Social Security Disability fund? They say fraud is rampant in this slush fund.

-------------------------------------------------------------------

From the article linked below:

•Since President Obama's 2009 inauguration, 5.9 million people have been added to SSDI, a 23 percent increase over the last five years (compare that to 2.5 million new jobs created during the same time period);

•SSDI rolls have swollen to almost 11 million recipients (translation: 1 in 14 U.S. workers);

•In 2011, only 3.6 percent of enrollees exited the program due to "medical improvement";

•Also in 2011, the program cost taxpayers $128.9 billion (18 percent of all Social Security spending) and generated a deficit of $25.3 billion.

http://articles.baltimoresun.com/2013-03-03/news/bs-ed-ehrlich-ssdi-20130303_1_ssdi-obama-administration-entitlement

Okay chuckd the unemployment rate under Obama is 50%, the deficit is $1000 trillion, Obama started the wars in Afghanistan and Iraq, the poor and middle class are getting so wealthy they can hardly spend the money they earn, the US health system is the most affordable in the world, even the poorest youth can afford a University education at Stanford, infrastructure repair and growth is breaking all records in the history of the USA, prison populations are at an all time low. The US work force are working less hours for more money. The only real problem is Corporate America and the Banking system and hedge fund managers operating out of Bermuda need drastic Tax cuts.

It just gets more and more ridiculous.

A rational person would have to arrive at the conclusion that the Right Wing Republican Party isn't so much a political ideology but more a psychiatric illness.

You say...

"Okay chuckd the unemployment rate under Obama is 50%, the deficit is $1000 trillion, Obama started the wars in Afghanistan and Iraq,"

​After this you went a little sideways but nothing else was expected.

Having said that and merely for the record, $1000 Trillion is actually $1 Quadrillion.

You're welcome.