Archive for unemployment – Page 2

Public faith in Congress falls, so do weekly jobless claims

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worst congress ever gop fail

Americans don't much like Congress. What an understatement. Let me reword that. Americans hate Congress. There, that's better.

And for good reason. GOP obstructionists prevent any progress on fixing immigration, the economy, our schools, voting rights, civil rights issues, you name it. And the hostility and head-butting are constant. The infighting among Republicans is entertaining to Dems, but that must play into these numbers, too.

Via Gallup:

Gallup Congress poll

Americans' confidence in Congress has sunk to a new low. Seven percent of Americans say they have "a great deal" or "quite a lot" of confidence in Congress as an American institution, down from the previous low of 10% in 2013. This confidence is starkly different from the 42% in 1973, the first year Gallup began asking the question. [...]

The current 7% of Americans who place confidence in Congress is the lowest of the 17 institutions Gallup measured this year, and is the lowest Gallup has ever found for any of these institutions. The dearth of public confidence in their elected leaders on Capitol Hill is yet another sign of the challenges that could face incumbents in 2014's midterm elections -- as well as more broadly a challenge to the broad underpinnings of the nation's representative democratic system.

Seven. Percent.

whoa smaller

Major shrinkage. And I'm not just referring to their numbers. After seeing that poll, Congress members (no pun) must certainly be feeling, er, inadequate:

shrinkage smaller

Which brings us to more reports of shrinkage, this time courtesy of every liberal's favorite source, the always reliable Fox Biz. Via an email alert:

The number of Americans filing for first-time unemployment benefits fell last week to 312,000 from an upwardly revised 318,000 the week prior. Wall Street expected claims to fall to 314,000 from an initially reported 317,000.

Which just goes to show you, there's good shrinkage and bad shrinkage. Fair and balanced reporting, brought to you by TPC.

blame obama Bush's fault smaller

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Bikini Graph time! Total payrolls surpass where they were before Bush recession #BlameObama

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Graph unemployment rate June 2014

Once again, it’s job creation time, which means it's time to bring back the Bikini Graph! This time around, the conclusion is that the economy is "plodding along steadily." Per an email alert from everyone's favorite, most trustworthy news source ever, the Labor Department said the economy has now recovered all 8.7 million jobs lost during the Bush recession.

bikini graph overall June 2014

bikini graph private sector June 2014

As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. Via Steve Benen, more on the new report from Bureau of Labor Statistics:

[T]he U.S. economy added 217,000 jobs in May, which is almost exactly what economists expected. The overall unemployment rate, meanwhile, remained at 6.3% – still at its lowest point since September 2008, nearly six years ago.

For the fourth consecutive month, public-sector layoffs did not drag down the overall employment figures.  [...]

All told, over the last 12 months, the U.S. economy has added over 2.38 million jobs overall and 2.36 million in the private sector. What’s more, May was the 51st consecutive month in which we’ve seen private-sector job growth. The year isn’t quite half over, but 2014 is currently on track to be the best year for U.S. job creation since 1999... now tied for the longest streak on record, matching a streak from Clinton’s second term.

You know what to do, right? Say it with me: When in doubt, blame Obama.

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What, again? Fox Biz: Weekly jobless claims fall. #BlameObama

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fox biz

I know, I know, this Fox email alert stuff is getting redundant. Our bad. But hey, when Fox Biz sends me emails that start with "Breaking News," my bloggy little ears perk up. And that is exactly what Fox Biz did this very morning. I continue to post their reporting because it is crystal clear that readers of the The Political Carnival depend on Fox for every scrap of credible news. They are just. That. Good. And trustworthy. And fair and balanced.

Oh, but I kid the ClusterFoxers.

Whaddya want to bet they were really, really reluctant to share this positive development, which happened under the watch of Evil Socialist Obama and his Marxist Benghazi !!!! Agenda? What a commie pinko he is, adding jobs and stuff.

Yes, there was some not-great economic news today, too, but we here at TPC try to stay upbeat and positive. Sometimes. When possible. When we're not crying and beating our heads against the wall.

Here is the Fox Biz email alert:

The number of Americans filing for first-time unemployment benefits fell to 300,000 last week from an upwardly revised 327,000 the week prior. Wall Street expected claims to fall to 318,000 from an initially reported 326,000.

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Weekly jobless claims fall to lowest level in seven years #BlameObama

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jobless claims unemployment down

I usually post email alerts about unemployment numbers from the ever popular, always accurate, impeccable, truth-seeking liberal favorite-- ta daa!-- Fox Biz. But not today. Instead, the good news about jobless claims comes from the Associated Press, because diversity is a good thing:

(AP) - The number of people seeking U.S. unemployment benefits fell to the lowest level in seven years last week, a sign the job market is steadily improving.

Weekly unemployment benefit applications dropped 24,000 to 297,000, the Labor Department said Thursday. That's the fewest since May 12, 2007. The four week average, a less volatile measure, dipped 2,000 to 323,250... As applications have declined, hiring has picked up. Employers added the most jobs in 2 ½ years in April.

The report goes on to say that all that hiring could boost economic growth for the rest of the year. And that, in turn, should boost American morale. Well, except Republican morale. They hate positive economic news... when it breaks on President Obama's watch.

And you know what that means, don't you? More GOP deflection from issues that really matter, more conservative hysteria, more fear mongering, more smearing, more lies, and more of this:

tv benghazi

brainghazi jon stewart karl rove hillary

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Job market improving: Weekly jobless claims fall. #BlameObama

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Job market

Our most reliable news source ever, Fox Biz, sent me this email alert about the improving job market:

The number of Americans filing for first-time unemployment benefits fell last week to 319,000 from an upwardly revised 345,000 the week prior. Wall Street was looking for claims to fall to 325,000 from an initially reported 344,000.

Of course, despite Fox's penchant for consistently unbiased and honest reporting, it's always important to trust, but verify. And so I did. Via CBS:

The number of Americans seeking unemployment benefits fell ... the latest sign that the job market is slowly improving. [...]

With the impact of the holiday fading, applications are returning to pre-recession levels. The average for April was 312,000 , the fewest since October 2007. The recession officially began in December 2007.

Wait. The "Obama Recession" began under GW Bush? Quick, someone tell the Republicans!

According to CBS, businesses are cutting fewer jobs now, something that must be driving the GOP up a wall. But that's okay. Any time it appears that President Obama and the Dems have accomplished something, those on the right simply slip into default mode: Benghazi!!! With lots of exclamation points!!!

And the IRS!!!

Plus, there are still those pesky "repeal Obamacare!!!!" stragglers, despite the law's growing success.

Hey, an ultra-conservative's gotta find a ray of sunshine somewhere right? And what better place to look than a dead horse.

beatdeadhorse

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Bikini Graph time! "Where are the jobs? They’re right here." #BlameObama

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bikini itsy bitsy bikini graph job creation

That headline up there? I shamelessly stole that-- well, except for the Blame Obama part-- from the Maddow Blog's Steve Benen, because it pretty much rocks.

Let's start with some email alerts I received today about the economy and unemployment numbers. Where are the jobs, indeed.

Via everybody's favorite source of the most accurate news reporting anywhere ever (tongue firmly implanted in cheek), Fox (Fox Business to be exact):

Unemployment in April fell to 6.3 percent, from 6.7 percent, as the economy added 288,000 new jobs.

The U.S. economy added 288,000 jobs in April, surging past the 210,000 jobs Wall Street expected, marking the biggest increase since January 2012. The jobless rate fell by 0.4 percentage point to 6.3%, its lowest level since September 2008. The labor force participation rate fell to 62.8% from 63.2% in March.

Where are the jobs?

peekaboo baby

Peek-a-boo! Here they are!

So once again, it’s job creation time, which means it's time to bring back the Bikini Graph!

bikini graph private sector April 2014

bikini graph April 2014 overall

As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. Via Steve Benen, more on the new report from Bureau of Labor Statistics:

For the third consecutive month, public-sector layoffs did not drag down the overall employment figures. Though jobs reports over the last few years have shown monthly government job losses, in April, the private sector added 273,000 while the public sector added 15,000. The latter may not sound like much, but when you get used to that total being negative, it’s a breath of fresh air.

These are, of course, preliminary numbers that will be revised, but at this point, April appears to be one of the best months for the U.S. job market since before the Great Recession began. [...]

All told, over the last 12 months, the U.S. economy has added over 2.36 million jobs overall and 2.37 million in the private sector. What’s more, April was the 50th consecutive month in which we’ve seen private-sector job growth.

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Weekly jobless claims fall, federal deficit narrows, retail sales better-than-expected #BlameObama

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jobless claims unemployment down

Jobless claims fell? What? Did anyone tell the Republicans? Why yes, yes someone did. Fox Business did! As you can see by this email alert that magically appeared in my inbox, Fox Biz is letting everyone know, even the GOP, that jobless claims fell just when Wall Street expected the opposite to happen. Damn you, Fox Biz! Just when we crazy lefties were having field day after field day mocking Fox in general, you have to go and ruin everything with some upbeat economic news!

but wait there's more smaller

But that's not all, nosireeBob! Defying the usual Debbie Downer expectations, retail sales went up! Up, I say! Or rather, Fox Biz say. Or rather, the Commerce Department say. What's a poor conservative to do? Other than wish for a lousier economy, that is, because if they don't have bad news to report, they can't-- say it with me now-- Blame Obama:

The number of Americans filing for first-time unemployment benefits fell last week to 315,000 from an upwardly revised 324,000 the week prior. Wall Street was looking for claims to rise to 330,000 from an initially reported 323,000.

The Commerce Department reports retail sales rose 0.3% in February, slightly higher than the 0.2% pick-up economists expected. Excluding the auto segment, sales rose 0.3%, verses expectations of a 0.2% gain.

But wait! There's even more! And again, from Fox Biz, this just in! Literally:

BREAKING NEWS: February Budget Deficit Narrows

The U.S. federal government posted a budget deficit of $193.5 billion in February, down from $203.5 billion in the same month last year. For fiscal 2014, the deficit is running at $377.4 billion, also less than the $494 billion deficit from the same period in fiscal 2013.

blame Obama 2

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