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View Diary: December jobs: 155,000 added, unemployment rate at 7.8 percent (23 comments)

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  •  Huh? (1+ / 0-)
    Recommended by:

    The numbers are not even that good.

    •  Did you miss the "snark" tag on the comment? n/t (3+ / 0-)
      Recommended by:
      Anima, HeyMikey, NYFM
      •  blue aardvark says the numbers are good (3+ / 0-)
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        dinotrac, shmuelman, blue aardvark

        unless you're a wingnut and say they are bad.
        Objectively, I say the numbers are bad, but in the context of economic armageddon they can be called good.
        The participating workforce continues to shrink.   That's bad.
        Compared to austerity crazed Europe we are doing well though.
        Again, it's all perspective.

        There are very few subjects which do not interest or fascinate me.

        by NYFM on Fri Jan 04, 2013 at 07:27:15 AM PST

        [ Parent ]

    •  Wow - Great Numbers! (2+ / 0-)
      Recommended by:
      DSPS owl, blue aardvark

      As an economist once said, the US inflation rate is computed after inflation is removed.

      Good ol' U3 unemployment numbers - after half the unemployed people are taken out of the mix - is down below 8%! What a great economy! It's all happening!
      Real unemployment, the U-6 number, is around 14.4%.
      And in the big picture, I think this is still low. The middle class is sinking from any number of factors, people taking permanent pay cuts for shit jobs, real inflation that is outpacing wages on things you actually use like food and fuel, the aftereffects of the housing bubble killing net worth, outrageously spiraling health care costs, the 40% unemployment rate in the under 25 yo set draining the parents' income.

      "You can die for Freedom, you just can't exercise it"

      by shmuelman on Fri Jan 04, 2013 at 07:37:51 AM PST

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      •  Excellent numbers. Explains why GOP is still (0+ / 0-)

        trying to destroy the economy.

        Delenda est filibuster!

        by TofG on Fri Jan 04, 2013 at 08:37:18 AM PST

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        •  And by excellent, do you mean not a total debacle? (0+ / 0-)

          I am sorry, I am not marching off the edge of the cliff to support Obama and the Democratic Party neo-liberals because of token improvements in the employment picture.
          There is no doubt in my mind that we must work towards a significant restructuring of the national economy towards long term  sustainability or we will move into a permanent recession where 30% of the population can't afford enough protein, medical care is closed to more than half the population, 30% can afford to see a dentist, only 30% can afford a college education. The wealth is being drained at an unprecedented rate to support the unlimited wealth of a tiny fragment of the population and the fact that WalMart is hiring has no meaning to me.

          "You can die for Freedom, you just can't exercise it"

          by shmuelman on Fri Jan 04, 2013 at 09:18:39 AM PST

          [ Parent ]

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