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Steady Job Gains Highlight Continued Economic Expansion


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While the unemployment rate ticked up, the slow but steady pace of job growth that's been seen since March 2010 continues into May 2013 writes Gary Burtless, giving reason for both administration economists and financial traders to breathe a sigh of relief as the nation steadily moves towards closing the job gap

 

http://www.brookings.edu/blogs/jobs?cid=gADs_Blog_Search-EVG-Blog-JobsNumbers-US_24411826595&gclid=CJq25YCO67cCFVMV7Aod-0sAWg

 

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Never a doubt that President Obama has led he country out of the Bush/Republican disaster

 

:)

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While the unemployment rate ticked up, the slow but steady pace of job growth that's been seen since March 2010 continues into May 2013 writes Gary Burtless, giving reason for both administration economists and financial traders to breathe a sigh of relief as the nation steadily moves towards closing the job gap

 

http://www.brookings.edu/blogs/jobs?cid=gADs_Blog_Search-EVG-Blog-JobsNumbers-US_24411826595&gclid=CJq25YCO67cCFVMV7Aod-0sAWg

 

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

 

 

 

 

Never a doubt that President Obama has led he country out of the Bush/Republican disaster

 

:)

Have to wonder if some of you even read the articles you link:

 

However, May’s big increase in the number of labor force participants offset equally big drops earlier in the year. Since January the number of people reporting they are either employed or looking for work has barely changed. The number with a job has increased 144,000 a month and the number looking for work has fallen 143,000 a month. In spite of the encouraging job numbers, both in the employer and household surveys, the unemployment rate edged up slightly in May, because the growth in employment fell short of the growing number adults in the workforce.

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Taking the revisions into account, the BLS now estimates that payroll gains have averaged 208,000 a month for the past 6 months. Employment growth was even faster in the private sector, averaging 216,000 a month. Unfortunately, improving conditions in the private sector have been partly offset by weakness in government payrolls. These fell another 11,000 in April.

 

 

http://www.brookings.edu/blogs/jobs/posts/2013/05/03-april-jobs-growth-burtless

 

 

Republican Governors keep cutting those useless police, firefighters and school teachers.

 

 

:(

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While the unemployment rate ticked up, the slow but steady pace of job growth that's been seen since March 2010 continues into May 2013 writes Gary Burtless, giving reason for both administration economists and financial traders to breathe a sigh of relief as the nation steadily moves towards closing the job gap

 

Never a doubt that President Obama has led he country out of the Bush/Republican disaster :)

 

Where do all the hopeless lying trolls come from? :blink:

 

Worst recovery in 80 years.

 

Plummeting income.

 

11% real unemployment.

 

$1 trillion annual deficits.

 

2 1/2 million jobs behind pre-recession levels.

 

9 million jobs behind the average recovery.

 

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Where do all the hopeless lying trolls come from? :blink:

 

Worst recovery in 80 years.

 

Plummeting income.

 

11% real unemployment.

 

$1 trillion annual deficits.

 

2 1/2 million jobs behind pre-recession levels.

 

9 million jobs behind the average recovery.

 

dog rape boy is still pretending he isn't a paid whore for the propaganda wing of big oil lobbyists. give them my regards, and my amusement.

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While the unemployment rate ticked up, the slow but steady pace of job growth that's been seen since March 2010 continues into May 2013 writes Gary Burtless, giving reason for both administration economists and financial traders to breathe a sigh of relief as the nation steadily moves towards closing the job gap

 

http://www.brookings.edu/blogs/jobs?cid=gADs_Blog_Search-EVG-Blog-JobsNumbers-US_24411826595&gclid=CJq25YCO67cCFVMV7Aod-0sAWg

 

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

 

 

 

 

Never a doubt that President Obama has led he country out of the Bush/Republican disaster

 

:)

Don't pat yourself or Obama on the back yet.....

 

America is still not in an ICELAND type recovery, we would have been had the Constitution Party been elected ib both 2008 and 2012. The FED would be a part of history and we would be on par with ICELAND.

 

We won't be free until we end the FED.....

 

The American Dream Film-Full Length

 

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Taking the revisions into account, the BLS now estimates that payroll gains have averaged 208,000 a month for the past 6 months. Employment growth was even faster in the private sector, averaging 216,000 a month. Unfortunately, improving conditions in the private sector have been partly offset by weakness in government payrolls. These fell another 11,000 in April.

 

 

http://www.brookings.edu/blogs/jobs/posts/2013/05/03-april-jobs-growth-burtless

 

 

Republican Governors keep cutting those useless police, firefighters and school teachers.

Try looking further than one article, and your bias.

 

"Public employment is really on the ropes," said Brookings Institution economist Gary Burtless. "The overhang from the financial crisis seems to have lasted much, much longer in the public sector."

More than 97% of public-sector job cuts after the recession came from budget reductions by state and local governments, hit hard by falling tax revenue when housing prices collapsed. Their budgets are starting to stabilize as the housing market recovers, but their employment continues to shrink slowly.

Now, the federal workforce is preparing to take a hit. The U.S. government's workforce has fallen about 37,000 jobs over the past year. At about 2.8 million civilian workers, excluding roughly 1.6 million uniformed military personnel, it occupies a smaller share of U.S. jobs than most of the period since World War II.

The size and shape of the government workforce will rest largely on factors just starting to take shape: how coming federal cuts are implemented; the response from state and local governments to those moves; and the ability of the private sector to offset the retrenchment

And to pre-empt the "it's all Bush's fault" crowd:

 

A big difference between Mr. Bush's tenure in office and Mr. Obama's presidency has been public sector employment. The public sector grew during Mr. Bush's term (up 1,748,000 jobs), but the public sector has declined since Obama took office (down 718,000 jobs). These job losses have mostly been at the state and local level, but they are still a significant drag on overall employment. (Read more at http://www.calculatedriskblog.com/2013/04/public-and-private-sector-payroll-jobs.html)

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drive by you are so wrong. the recession of 2008 was 100% caused by the libs forcing banks to make bad loans to people who could not repay them. PERIOD.

 

Really? Do you know the numbers of defaults under the program you describe? Do you know the NAME of the program you accuse of being the problem?

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Bush/Republicans created the Worst Recession in U.S. history

Never heard of The Great Depression? That was the worst recession in U.S. history.

 

As for the current woes, both the House and the Senate were Democrat majority in the later Bush years, not Republican.

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Never heard of The Great Depression? That was the worst recession in U.S. history.

 

As for the current woes, both the House and the Senate were Democrat majority in the later Bush years, not Republican.

 

Oh look, Nana is trying to play a semantics game.

 

Too bad what he meant was obvious to everyone, inclusing yourself.

 

By the way, you DO know that there is a difference between 'recession' and 'depression', yes?

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Really? Do you know the numbers of defaults under the program you describe? Do you know the NAME of the program you accuse of being the problem?

While you are waiting for him to get back to you, did you see that Obama rehired all the Clinton-era officials who caused the housing bust?

 

Housing bubble 2.0 bursting in 5, 4, 3, 2, 1....

 

 

Oh look, Nana is trying to play a semantics game. Too bad what he meant was obvious to everyone, inclusing yourself.

What he meant was obvious, obviously wrong. This crisis is not the "Worst Recession in U.S. history".

By the way, you DO know that there is a difference between 'recession' and 'depression', yes?

By the way, you DO know when the term 'recession' was coined, and why, yes?

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Fannie Mae Expanded Approval Levels I, II & III. Level III was approving 100% financing for people with 65% debt ratios and a middle credit score of 500. Freddie Mac had very similar loan levels with equal risk tolerance.

 

Clinton and Cuomo had ads stating that under billys presidency and andy heading hud they were loosening mortgage lending guidelines to let over 1 million previously un qualifed people qualify for loans: ie: people who could not finance a pack of gum at 7/11 were getting 100% ltv mortgages.

 

2004 GAO interviewing franklin reines of fannie mae (being defended by gregory meeks, barney frank & maxine waters) told the GAO investigator that not only does fannie mae have sufficient reserves but we should not have any reserve requirements because the collateral we hold will never go down in value.

 

as far as the number of defaults I don't have a number. suffice it to say it's in the millions of loans and hundres of billions of dollars.

 

I can go on and on but why don't you do some homework before you make such a stupid statement

 

I was directly involved in various aspects of the mortgage industry. I know first hand exactly what happened. the scary part is how quickly the US became illiquid. chuck shumer (d/ny) directly caused a run in Indy Mac Bank which led to the bank having to fold. Countrywide Home Loans was crucified by the feds but not before chris dodd secured 6 mortgages from them with below market interest rates and thousands of dollars in fees waived (as did barney frank and several other dems and repubs).

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While you are waiting for him to get back to you, did you see that Obama rehired all the Clinton-era officials who caused the housing bust?

 

Housing bubble 2.0 bursting in 5, 4, 3, 2, 1....

 

 

What he meant was obvious, obviously wrong. This crisis is not the "Worst Recession in U.S. history".

By the way, you DO know when the term 'recession' was coined, and why, yes?

"Don't know the difference between a recession and a depression", then - thanks for clarifying your ignorance.

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"Don't know the difference between a recession and a depression", then - thanks for clarifying your ignorance.

You still didn't figure out when recession was coined or why, did you?

 

Even with the link?

 

I'm not the one showing ignorance here. Try looking it up before you respond, and make us laugh at you even harder.

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5 Years and we're still not keeping pace with population growth, and morons like this say we're doing great!

Amazing.

 

Neither Driveby, not the article he linked, said 'we're doing great' or anything that could be misinteropreted as such.

 

That is a statement you falsely attributed solely so you could sneer at it - you do know the term for that fail, yes?

 

You still didn't figure out when recession was coined or why, did you?

 

Even with the link?

 

I'm not the one showing ignorance here. Try looking it up before you respond, and make us laugh at you even harder.

The term'recession' was coined during the thirties, to differentiate lesser downturns from the Great Depression.

 

Which is utterly irrelevant, you injected it solely as a diversion.

 

You fail again.

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The term'recession' was coined during the thirties, to differentiate lesser downturns from the Great Depression.

1929, but that would be quibbling.

 

That's a bit better. Now figure out why your criticism of what I said was wrong. The second part of your answer here should give you insight.

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Neither Driveby, not the article he linked, said 'we're doing great' or anything that could be misinteropreted as such.

 

That is a statement you falsely attributed solely so you could sneer at it - you do know the term for that fail, yes?

 

 

 

Timmy is just following tea party guidelines: If you can't find it, create it.

 

Michelle Malkin preaches: lying, to get truth out, is a good thing.

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