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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"U.S. economy adds 214,000 in October; unemployment rate sinks to 5.8 percent" and a LFR rant.
New Story @ the bottom of Rant.LFR Note: So we Dems have not helped with jobs, eh Reps? Explain this! Why is it that things do get done for labor, for ALL the population, not just a small part, while Dems are in. But when you are in, the rich gets richer and poor get poorer?
To those that fell for the lies that the Repukes were spreading about Medicare, jobs, etc. You have yourself to blame when you are in a bread line that is out of food. It is your fault for voting Repukes in that are just in there to get whatever they can with the office they hold. They will not, have not, done anything for you and now we all get to pay for your gullibility!
Plus, this story would be even better if the Repuke would have got of their @$$es and help to pass a new Minimum wage! Instead they were too busy trying to repeal the ACA over and over again!
You may like to not afford the burgers you flip, but some of your fellow works do! So would the other people that work minimum wage jobs!
It's DAM sad that there are people in this country must decide between food OR housing! And I put the blame where it belongs! Square on the back of the REPUBLICANS and the Gullible People that vote for them!
By Chico Harlan, November 7
The U.S. is on pace for its sharpest year of labor market expansion in 15 years after another month of robust job growth, according to government data released Friday, in the latest reassuring sign about the pace of the economic recovery.
With 214,000 jobs added in October, the unemployment rate ticked down to 5.8 percent, the lowest level in six years, even as more workers entered the job market.
The latest data suggests that the slow march out of the Great Recession is gaining traction and stands in noted contrast to a wave of discontent that helped Republicans sweep a round of midterm elections this week. Though wage growth has been sluggish in recent years, Americans helped by falling oil prices are seeing their purchasing power rise while jobs come back.
Read more @ http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/07/u-s-economy-adds-214000-in-october-unemployment-rate-sinks-to-5-8-percent/
Rex
(65,616 posts)It is a bad cycle, Obama has had to go it alone for 6 years with a constant barrage from the media. That alone is probably some kind of record - the POTUS running the country solo because the other two branches are dysfunctional and the GOP owns both of them.
The GOP said they wouldn't work with this POTUS, so he said, 'okay I will still produce a lot of good policy despite your best efforts' and has. Better than any other POTUS in current history.
And you know what?
The GOP can suck on their own bitterness!
woo me with science
(32,139 posts)This is exactly what the oligarchs planned: the replacement of careers with jobs for serfs.
It was a restructuring, not a recovery.
From your own article:
...
Wage growth has been slowest at the bottom, particularly for part-time workers. And the biggest bump has come not from employers, but from state- and city-level minimum wage legislation. A handful of states, including reliably red-voting Arkansas and Nebraska, this week passed ballots to boost the minimum wage.
Wages are still growing slower than the Fed would like, slower than everybody in the economy would like, said Stu Hoffman, chief economist for PNC Financial. I think it will speed up as this unemployment comes down, but that is one of the most important missing links in the job market.
Perhaps the most vexing problem is seen in a wave of part-time workers who have swept reluctantly into the workforce as companies, post-recession, cut down on full-time jobs with benefits. Some 27.1 million Americans now hold part-time jobs, compared with 24.8 million a decade ago. Nearly all of that increase has come from workers who say theyre looking for full-time work but cant find it. Among the part-timers, African-Americans have actually seen their wages drop nearly nine percent since 2009.
Lady Freedom Returns
(14,120 posts)Plus, this story would be even better if the Repuke would have got of their @$$es and help to pass a new Minimum wage! Instead they were too busy trying to repeal the ACA over and over again!
If the Dumb @$$ Repukes did their Dam jobs and stop wasting tax money on trying to stupidly repeals of things that are helping. This would not be part of the articular!
But, because Repukes can not live in a equal society, they must put people in power that will keep them ( and the rest of us ) down.
That is why we Democrats must stand United. If we do not then we may end up with a Repuke President that will Put more people in living hell! Do we really need to be reminded of the BAD OLD DAYS of that War Criminal!!??
woo me with science
(32,139 posts)The jobs that have been created in this "recovery" are (and CONTINUE to be, as your own article shows...) mostly low-pay, often part-time service jobs. The truth is that it was not a recovery. It was a restructuring to benefit the One Percent. What you tout here is not a recovery. It is the construction of a vicious new normal for the 99 percent.
http://thinkprogress.org/economy/2014/04/28/3431351/recovery-jobs-low-wage/
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
http://www.nytimes.com/2014/04/28/business/economy/recovery-has-created-far-more-low-wage-jobs-than-better-paid-ones.html?_r=0
Low-wage jobs proliferate as middle class ones disappear: job growth patterns since the recession
http://www.cleveland.com/business/index.ssf/2014/04/low-wage_jobs_proliferate_as_m.html
Low-Wage Jobs Replace Middle-Income Work, Study Finds
http://www.huffingtonpost.com/2012/08/31/low-wage-jobs_n_1846733.html
Careers Are Dead. Welcome To Your Low-Wage, Temp Work Future
http://www.forbes.com/sites/jmaureenhenderson/2012/08/30/careers-are-dead-welcome-to-your-low-wage-temp-work-
In addition, the TPP that Obama is hell-bent on supporting will DESTROY jobs and cut wages for over 90 percent of American workers:
http://citizen.typepad.com/eyesontrade/2013/09/the-verdict-is-in-the-trans-pacific-partnership-tpp-a-sweeping-free-trade-deal-under-negotiation-with-11-pacific-rim-coun.html
No, the chocolate ration has not been increased.
Fred Sanders
(23,946 posts)are accelerating and actual purchasing power of workers is increasing due to low inflation and lower fuel prices. Posting years old links is poor form, even poorer in an economic post.
The 5.8% rate is lower than what Mittens promised BTW. From near 11%. Your critique is straight from Fox, full throated defence of OUR President is all we should be hearing from our side for the next two years.
I have his back, you can stand wherever you like.
Lady Freedom Returns
(14,120 posts)PSPS
(13,598 posts)WorseBeforeBetter
(11,441 posts)AP Economics Writer November 8, 2014 Updated 14 minutes ago
....
Consider wages. Workers' pay usually outpaces inflation once the unemployment rate dips beneath 6 percent. That's because when fewer people need to look for jobs, employers must raise pay to attract the most desirable among them.
Even with 5.8 percent unemployment and even though more than five years have passed since the Great Recession officially ended, this phenomenon has yet to take hold. Most workers' pay is barely keeping up with historically low inflation.
....
Look, too, at the percentage of adults either working or searching for work. It's a measure called labor force participation. The government counts people without jobs as unemployed only if they're seeking work. If more people stop looking, labor force participation falls.
At 62.8 percent, the U.S. participation rate hasn't budged over the past 12 months. And it's down a sharp 3.6 percentage points from 2007. That means a lower proportion of Americans are engaged in the job market and benefiting from the economic upswing.
....
Since 2007, the participation rate has fallen disproportionately in three critical states where Democratic incumbents lost Tuesday, costing their party control of the Senate: Arkansas (-5.9 percentage points), Colorado (-5.3 points) and North Carolina (-4.7 points), each of which will now be represented in the Senate by a Republican.
....
More: http://www.newsobserver.com/2014/11/08/4304510_why-many-arent-celebrating-low.html?sp=/99/100/&rh=1#storylink=cpy
"It's the economy, stupid."
Fred Sanders
(23,946 posts)WorseBeforeBetter
(11,441 posts)by suggesting it's from a right-wing publication.
And while we're at it, Fred, keep enjoying those losses.
AGAIN: "It's the economy, stupid."
Fred Sanders
(23,946 posts)WorseBeforeBetter
(11,441 posts)Adios, muchacho.
rhett o rick
(55,981 posts)ad hominem attacks.
JaneyVee
(19,877 posts)rhett o rick
(55,981 posts)minimum wage levels. Apparently you don't care.
Lady Freedom Returns
(14,120 posts)It has been an upward clime due to Repukes. They have been outright terrorist in hurting citizens and not doing their jobs! This has been a big thing because it has happen despite of the Repukes!
We must use this to fuel the fight and remind them it has happened! Even with them try to have absolutely nothing happen!
rhett o rick
(55,981 posts)thru the Senate that will "hurt citizens".
JaneyVee
(19,877 posts)Historically, Republicans hand over recessions while Democrats clean up their mess. Sheesh.
rhett o rick
(55,981 posts)the Democrats haven't done either. The recession is "fixed" only for the 1%. Hmmm, who could have seen that coming.
In fact the President, when he found out that he has a favorable Senate, is going to ram thru some Free Trade Agreements. That's making a mess. In fact he and Mitch will probably high five when the Agreement is signed.
We need jobs to clean up the recession mess. The TPP will kill American jobs. But I'm guessing you support the President's TPP.
SidDithers
(44,228 posts)Sid