US jobless rate falls to 7.7 percent, a 4 year low, NBC reports | Page 6 | TigerDroppings.com
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Bard
LA-Monroe Fan
BR
Member since Oct 2008
18860 posts
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re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports

It looks like this got buried in the shouting match and really needs to be seen...

quote:

Don't know if this has been linked...
73% are govt jobs in last 5 months


quote:

By November, according to data BLS released today, the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.

In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.


So of the "1 million new jobs he created" the President's spokespeople chanted on about during the election, the vast majority of them are government jobs?

Forward, indeed.

Where will the money come from when we get to the point where the majority of the work force are government employees?


TigerLicks
Buffalo Fan
Dallas, TX
Member since Oct 2003
11069 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
FACTS:

1. Since 2009, the economy has created 3.9 million new jobs
2. Of those jobs, 3.5 million went to workers 55-69
3. Ages 24-54, lost 880,000 jobs
4. Ages 16-24, gained roughly 1.3 million
5. Most of the job created are part-time

Now, why are jobs going to 55-69 year olds? They can't leave the labor force because of 50k of personal debt on average and a diminished retirement. This age group is blocking the younger generation from the workforce.


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Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
12377 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:

CNN too. You know, all of those liberal news sites.
FOX News is just going to hold off on reporting such depressing news until 2016.

Of course the conspiracy will be that the Obama administration is doctoring the numbers to gain leverage in the Fiscal Cliff negotiations.


You don't like digging beyond the headlines, do you? You're content with the superficial headlines as long as they're accompanied by bright lights and colors aren't you?


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SoulGlo
LSU Fan
Shinin' Through
Member since Dec 2011
4015 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:


Is the reality of 540K dropping out of the labor force great news?

Is the reality of 110 million private sector jobs supporting 87 million government workers and welfare recipients good news?





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