Archive for bikini graph

Bikini Graph time! Job creation beat economists' predictions. #BlameObama

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bikini itsy bitsy bikini graph job creation

It’s job creation time, which means it's time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. This comes to us from the Maddow Blog, courtesy of the wonderful Steve Benen:

bikini graph Feb 2014 overall

bikini graph Feb 2014 private sectorSteve Benen:

Today’s announcement was a more pleasant reversal – job creation exceeded modest expectations.

The new report from Bureau of Labor Statistics shows the U.S. economy added 175,000 jobs in February, beating economists’ predictions. The unemployment rate inched higher to 6.7%, though as we’ve discussed many times, that’s not the metric to watch.

This time around, the unemployment rate ticked up because more people were out there looking for work, a healthy sign. Another nugget of good economic news: The public sector added an unusually high 13,000 jobs.

You may recall that the GOP have been doing all they can to eliminate public sector jobs (aka *gasp!* government jobs held by teachers, postal workers, firefighters, police officers, public transit workers, etc.). Why? Well, for one thing, a lot of those jobs are held by union members, and union members tend to vote for Democrats. For another thing, they want to minimize those jobs because, well... government. Duh.

But there's one thing they can't eliminate, no matter how hard they try: Facts.

[O]ver the last 12 months, the U.S. economy has added over 2.15 million jobs overall and 2.19 million in the private sector. What’s more, February was the 48th consecutive month in which we’ve seen private-sector job growth.

And we all know what that means, right?

blame Obama 2For more analysis by Benen, follow the link.

Our own David Garber's take on the jobs report can be found here.

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Bikini Graph time! 203,000 jobs added in Nov., unemployment falls to 7%, a 5-year low #BlameObama

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bikini itsy bitsy

It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. This comes to us from the Maddow Blog, courtesy of the wonderful Steve Benen:

bikini graph private sector Dec 2013 bikini graph Dec 2013 overall economy

The unemployment rate dropped from 7.3% to 7%. Oh my. Whatever will the GOP do now? I mean other than smear, attack, and lie relentlessly.

Benen:

[T]he totals from the Bureau of Labor Statistics were even better than expected.

According to the new BLS report, the U.S. economy added 203,000 jobs in November, ahead of economists’ predictions. In a pleasant change of pace, the public sector did not drag down the overall figures – the private sector added 196,000 jobs, while the public sector, which has hemorrhaged jobs in recent years, added 7,000. [...]

[S]o far in calendar year 2013, the economy has added 2.07 million jobs, which puts the U.S. on pace for the best year for job creation since before the 2008 crash. Indeed, this year is on track to the best for jobs since 2005, and the second best since 1999.

bamNow let's take a look at the Fox Biz news alert headline that was very visible in my very full inbox:

Consumer Sentiment Blows Past Estimates in December

What?!

Oh, do go on....

According to a gauge from Thomson Reuters and the University of Michigan, consumer sentiment rose to 82.5 in December from 75.1 in November, handily beating Wall Street’s estimate of a reading of 76. December’s reading was the highest since July.

Fox has always been notable for its accuracy in reporting, so who are we to challenge those numbers?

For more analysis by Benen, follow the link.

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Bikini Graph time! Job growth picks up steam, 204,000 jobs added! #BlameObama

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bikini itsy bitsyIt’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. This comes to us from the Maddow Blog, courtesy of the wonderful Steve Benen:

bikini graph November 2013 overallbikini graph private sector November 2013

According to the new BLS report, the U.S. economy added 204,000 jobs in October, double economists’ expectations. The private sector added 212,000 jobs – the second best total of the year thus far.

The overall unemployment rate inched higher, from 7.2% to 7.3%, though as we’ve discussed many times, that’s not uncommon when job creation picks up.

Even better still are the revisions... a combined 60,000 additional jobs that had been previously unreported... [This year] the economy has added 1.86 million jobs, which puts the U.S. on pace for the best year for job creation since before the 2008 crash.

Can you imagine how much better this report would be had the GOP government shutdown not happened? And how much better off we'd all be? But in spite of all the Republican sabotage, the economy is plugging along and we had some unexpected job growth.

Boy howdy, will this ruffle a few GOP feathers! But oh wait, nobody's talking about good news. Everyone's too busy buzzing about the president's apology, the rocky Affordable Care Act roll out, and Chris Christie, Chris Christie, Chris Christie.

This is positive stuff, people. Smile.

For more analysis by Benen, follow the link.

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Bikini Graph time! 169k new jobs, jobless rate dips to 7.3%, Obamacare not "significantly hindering job growth"

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bikini itsy bitsy

It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. This comes to us from the Maddow Blog, courtesy of the wonderful Steve Benen:

bikini graph September 2013 overall

bikin graph September 2013 private sector

The new report from the Bureau of Labor Statistics shows the U.S. economy added 169,000 jobs in August, which is roughly in line with expectations. After years of public-sector layoffs serving as a drag on the overall economy, we're starting to see a slight turnaround -- the private sector added 152,000 jobs last month, while the public sector added 17,000 jobs. That may seem like a fairly modest number, but it's the most in recent memory.

The overall unemployment rate dropped to 7.3%, which is the lowest it's been in nearly five years, but it's not evidence of good news -- it ticked down largely because of people leaving the workforce [...]

All told, so far in calendar year 2013, the economy has added 1.44 jobs overall, and 1.47 million in the private sector.

For more analysis by Benen, follow the link.

Earlier Paddy posted "Video- Fox's Stuart Varney Previews Jobs Report By Pushing Myth About Obamacare Causing Part-Time Employment." When in doubt, blame Obama, right Stewy?

He should have checked out this Los Angeles Times report. It's an assessment of the Affordable Care Act's effect on the economy from Mark Zandi, chief economist of Moody’s Analytics:

Zandi said the labor market was holding up well despite the drag from the automatic federal spending cuts and implementation of the healthcare reform law. Although there would be more hiring without those two factors, he said there's no indication they are significantly hindering job growth.

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Bikini Graph time! Unemployment rate reaches lowest point in nearly 5 years

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bikini itsy bitsy

It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. And today we get a bonus graph, courtesy of the wonderful Steve Benen:

graph chart unemployment Obama benen Maddow

Incidentally, the other main Republican talking point on jobs for much of Obama's first term was that the net total of jobs gained on the president's watch is zero. It was always a ridiculous argument -- it was predicated on the assumption that Obama deserved the blame for the jobs lost a couple of weeks after his inauguration -- but it looks even sillier now. To date, the net gain for jobs under Obama is about 2.1 million overall and nearly 2.8 million in the private sector.

And here are the Bikini Graphs. The Maddow Blog has more details. Benen starts by calling the jobs report "underwhelming" because the 162,000 jobs added in July were below expectations. However, there was a glimmer of positive news, too:

bikini graph August 2013 overall

bikini graph August 2013 private sector

In a rare sight, public-sector layoffs were not a drag on the overall totals -- the private sector added 161,000 jobs, while the public sector added 1,000 jobs. (In recent years, the public sector ordinarily sheds several thousand jobs per month). The overall unemployment rate dropped to 7.4%, but largely because of people leaving the workforce. [...]

We're steadily adding jobs every month at rates above population growth, but we're seeing neither a hiring boom nor a deteriorating employment landscape. It's just ... leveled off.

Money quote (no pun):

Republican leaders remain committed to sequestration cuts that are holding back job creation on purpose, and are focused primarily on spending bills that punish those already struggling.

I made similar points here: Boehner wants Pres. Obama to destroy a growing economy.

So far this year, 1.34 million jobs were added overall, 1.37 million in the private sector.

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Bikini Graph time! "Not only good news, but unexpectedly good news": Job growth improves, exceeds expectations

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bikini itsy bitsy

It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration:

bikini graph private sector July 2013 bikini graph overall July 2013

Wait, what? The blue bars still are still pointing UP. Imagine that.

Via Steve Benen at The Maddow Blog, where there’s more:

[T]he new report from the Bureau of Labor Statistics shows not only good news, but unexpectedly good news.

The U.S. economy added a better-than-expected 195,000 jobs in June and employment gains for May and April were revised sharply higher, the U.S. government said Friday. The unemployment rate was unchanged at 7.6%, but the size of the labor force increased by 177,000, according to the Labor Department said.

As is usually the case, there was a gap between the two major sectors -- America's private sector added 202,000 jobs last month, while spending cuts caused the public sector shed 7,000 jobs.

Yes, once again, thanks to Republican union-haters-slash-privatization-lovers, we're losing pubic sector jobs that, had they grown the way the Dems wanted them to via more stimulus, the unemployment rate would have plunged.

But Benen does come up with additional upbeat news anyway-- Hide your ears, GOP!-- that "the most important -- and most heartening -- detail in this new report is the upward revisions for the previous two months; the period from April through June is the best we've seen since early 2012."

He goes on to note that for the first half of 2013, we has added 1.21 jobs overall, and 1.23 million in the private sector.

To quote, Benen, that's "not too shabby."

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Bikini Graph time! Recovery remains broadly on track: 175,000 jobs added in May, best since February

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bikini itsy bitsy

It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration:

bikin graph June 2013 overall bikini graph June 2013 private sector

What th--? The blue bars still are still pointing UP. Imagine that.

Via Steve Benen at The Maddow Blog, where there’s more:

The U.S. economy added 175,000 jobs in May, slightly better than expected, though the overall unemployment rate inched higher to 7.6%. (Update: Remember that these minor increases aren't always bad news, and occasionally, they're sign of an improving jobs landscape.) As is usually the case, there was a gap between the two major sectors -- America's private sector added 178,000 jobs last month, while spending cuts caused the public sector lose 3,000 jobs [...]

Federal hiring declined by 45,000 over the last three months, suggesting that Congress' sequestration budget cuts are doing what they were intended to do -- hurting the economy.) [...]

All told, job creation in May was the best we've seen since February and marks the 39th consecutive month of job growth. For the first five months of the calendar year, the economy has added 946,000 jobs overall, and 972,000 in the private sector.

Again, the GOP has reveled in slashing “government workers” as if they are something less than, as if their jobs aren’t really jobs at all, as if there is something inherently inferior about what they do to get by. Busting unions and privatizing America is the goal of those on the right.

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