Archive for bikini graph – Page 2

U.S. budget surplus biggest in 5 years; federal deficit is down 32% so far this fiscal year

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chart budget deficit shrinks 4 year low Steve Benen Maddow Blog Oct 2012

If Fox Biz says it, it must be true. Via an email alert:

The U.S. federal budget surplus came in at $112.9 billion in April, up from $59 billion in the same month in 2012. The government is running a $488 billion deficit for fiscal 2013, down from $720 billion in a comparable period in fiscal 2012.

And via Market Watch:

It was the first monthly surplus since January and the biggest monthly surplus since the $159 billion budget surplus of April 2008.

Tax receipts were $407 billion, up 28% versus April 2012 [...]

Some see the government’s improving finances as affecting a potential debt deal between President Barack Obama and Republicans. “With the deficit plunging, support for entitlement reform — which looked so promising in early April — has clearly faded,” wrote Greg Valliere, chief political strategist at Potomac Research Group in a note on Friday.

Gee, taxes were raised, unemployment is down, and the world didn't end.

bikini graph May 2013 private sector

Everybody say it with me now: Blame Obama.

blame obama Bush's fault

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Bikini Graph time! Jobs added, unemployment rate down to 7.5%, lowest in 4/12 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:

bikini graph May 2013 overallbikini graph May 2013 private sector

Paddy gave us the quickie version here, but as always, the wonderful Steve Benen at The Maddow Blog has provided the Bikini Graphs and more, including more details you can find at the links here and here. A couple of excerpts from both links:

For most of President Obama's first term, one of the more common Republican talking points focused on the overall unemployment rate: it was stuck above 8%, a fact they blamed on the president who inherited a global economic crisis.

You may have noticed that this GOP talking point has since vanished.

As of today, the unemployment rate is down to 7.5%, which is not only the lowest point of the Obama presidency, but also the lowest since late 2008. It's dropped a full point in the last year and a half, a 2.5 points since its October 2010 high.

It's also one of the fastest improvements in the jobless rate in the last 30 years...

He goes on to say that, since President Obama took office, the net jobs gain is over 1.5 million overall and over 2.2 million in the private sector.

And:

As is usually the case, there was a gap between the two major sectors -- America's private sector added 176,000 jobs last month, while spending cuts caused the public sector lose 11,000 jobs.Of course, these are preliminary totals that will be updated in the coming months, and therein lies the key importance to this new jobs report: the revisions... Also note, the February job totals, the best in eight years, came after January's tax hikes, but before the sequester. [...]

[W]ere it not for Congress and sequestration cuts, the nation's economic recovery would likely be quite strong right now. Were it not for the lawmakers Americans elect to represent our interests, and their ongoing efforts to take capital out the economy and slash public investments, job growth would probably be very robust.

graph benen Maddow blog unemployment under ObamaOh, and there's this via a Fox Biz email alert:

The blue-chip average topped the 15000 mark for the first time ever as traders cheer a round of strong data on the U.S. labor market. The broader S&P 500 also hit a milestone, surpassing the 1600 threshold for the first time. The two market barometers are up more than 1% on the day and 13% for the year.

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Bikini Graph time! Job added, but totals stumble; unemployment rate to 7.6%, lowest since December 2008

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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 April 2013 overall bikini graph April 2013 private sector

At least the blue bars still are still pointing UP.

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

The Bureau of Labor Statistics reported this morning that the U.S. economy created just 88,000 jobs in March, the worst in the last 10 months. As is usually the case, there was a gap between the two major sectors -- America's private sector added 95,000 jobs last month, the public sector lost 7,000 jobs, though most of those totals were driven by Post Office layoffs.

The news is awful, but there was a silver lining: totals from January were revised up to 148,000 jobs (from 119,000), while February was revised up to 268,000 (from +236,000). The additional 61,000 jobs helped push the unemployment rate to 7.6%, its lowest point since December 2008.

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Bikini Graph time! Unemployment rate falls, jobs added. "All Congress has to do is stop punishing the country on purpose."

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bikini itsy bitsy

As Paddy noted earlier, hiring picked up, unemployment fell, so it's time say it with me, in unison: Blame Obama. One of the best things about this news is that even Fox Business had to post it.

Of course, Republicans and their itchy sequestration trigger finger will get all kinds of thrills up their leg when they turn this good news around, so it's up to us to point that out in our calls our Congress members.

And with that, 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 March 2013 overallbikini graph March 2013 private sector

Steve Benen at The Maddow Blog has more, but here you go:

[M]ost expected a fairly encouraging jobs report from the Bureau of Labor Statistics, but few expected it to be this good. [...]

[T]he public sector lost 10,000 jobs. (It'd be easy for Washington to improve the latter number and lower the unemployment rate, but congressional Republicans still won't allow it.) [...]

[T]oday's report is genuinely good news on its own terms. The 236,000 jobs created in February is the second best total in a year, and the seventh best month of the last five years. Glancing through the report, it was also encouraging to see improving data from the construction and housing sectors. [...]

What's more, we've now created 2.23 million jobs overall in the last year, and 2.33 million in the private sector alone. All Congress has to do is stop punishing the country on purpose, and 2013 may very well deliver a more robust economic recovery.

Key words: “Jobs created.” Millions of ‘em.

Damn that gay French Kenyan Marxist Obama, the most unAmerican radical socialist of all.

Dow March 8

 

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Bikini Graph time! Once again, jobs were ADDED, revisions way up. #BlameObama

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bikini itsy bitsy

bikini graph Feb 2013 overall economybikini graph Feb 2013 private sector

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 as always, GOP obstructionism and their irrational push for austerity are preventing the unemployment rate from dropping.

As Paddy posted earlier, the Dow climbed above 14,000 for first time since Great Recession and the U.S. added 157,000 jobs in January, with unemployment at 7.9%.

Did I mention Fox Biz sent me an email alert that had this in the subject line?

U.S. Manufacturing Activity Rises to Highest Level Since April.

Steve Benen at The Maddow Blog has more, but here are the bones:

The unemployment rate was effectively unchanged at 7.9%, and as is often the case, austerity measures undermined the employment landscape -- while America's private sector added 166,000 jobs in December, the public sector lost 9,000 jobs. Indeed, over the last three months, the nation's private sector added 624,000 jobs, while 24,000 government jobs were lost.

It'd be easy for Washington to improve the latter number and lower the unemployment rate, but congressional Republicans won't allow it. [...]

...2.17 million jobs were created just last year, which is the best annual total since 2005, and tops seven of the eight years Bush/Cheney was in office. [Update: You'll want to check this out.]

Key words: “Jobs created.” Millions of 'em.

Blame Obama, that unAmerican radical socialist.

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Bikini Graph time! Once again, jobs were ADDED. Blame Obama.

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bikini itsy bitsy

As Paddy already noted, U.S. consumer spending in December was th highest in four years, and the economy added 155,000 jobs. But that would never stop us from posting more jobs news by way of The Maddow Blog's Steve Benen's famous Bikini Graphs.

Go here for more Benen crunchy goodness. For now, this will have to tide you over.

Key words: "Jobs added." First, the overall job growth Bikini Graph. Red bars show monthly job totals under the Bush administration, while blue bars represent job totals under the Obama administration.:

bikini graph January 2013 overall economy

As is often the case, austerity measures undermined the employment landscape -- while America's private sector added 168,000 jobs in December, the public sector lost 13,000 jobs, including over 11,000 teachers. (President Obama's American Jobs Act was intended to prevent this, but congressional Republicans refused to vote on his proposal.) [...]

For the 2012 calendar year, the nation added over 1.83 million jobs, which is down slightly from 2011, but is the second best annual total since 2005. The private sector, meanwhile, added over 1.9 million jobs last year.

Get it yet, GOP? Austerity doesn't work; neither does incessant obstruction and filibustering, for that matter. Nor does introducing Repeal Obamacare legislation and anti-abortion time-and-money wasters (aka Jobortion) instead of jobs bills.

Here's a look at the private sector jobs that were added:

bikini graph January 2013 private sector

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Bikini Graph time! Jobless rate reaches four-year low. Blame Obama.

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Thanks to Steve Benen at The Maddow Blog, it's Bikini Graph time! Now with extra crispy bonus graphitude! Here's your bonus:

Seems the economy added far more jobs in November than expected, so President Obama will get all the credit, right GOP? After all, the unemployment rate is at a four-year low, things are looking up on the president's watch, and things crash-landed on GW Bush's.

Can I get a "yippee!" from Republicans?

*crickets*

Of course, those on the right love their austerity measures, which means they'll do everything they can to tank the economy again. Oh, that wacky GOP and their endless wisdom! What will we do with them?

I have a few ideas.

But anyway:

Red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.

Ahem. That would be 33 straight months of job growth totaling nearly 5.6 million jobs. Right there in black and white... and red and blue. Or as Republicans call it, skewed.

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