Archive for where are the jobs?

Bikini Graph time! "No point in cherry picking because all the jobs news is good." #BlameObama

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bikini itsy bitsy bikini graph job creationgraph unemployment June 2014

Before we get to the jobs news o' the day, how's about a little upbeat update from everyone's favorite news source, the always reliable Fox Biz, hmm? Via an email alert:

The blue-chip average broke past the 17000 mark for the first time in history as traders cheered a strong jobs report. The Dow is up 58 points, or 0.35%, to 17035.

And this happened on whose watch again? Oh yeah.

President Obama is the worst. Socialist. Ever.

Now on to Ye Olde Bikinie Graphe, because, yes, once again, it’s job creation time! Which means it's time to bring back the really-not-so-old Bikini Graph! This time around, the conclusion is that "few expected the data to be this good." That sound you hear is the protesteth too mucheth from the moutheths of the GOPeth:

bikini graph private sector July 2014

bikini graph overall July 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 at The Maddow Blog, more on the new report from Bureau of Labor Statistics, including how we added 288,000 jobs in June, "well ahead of forecasts." The unemployment rate is now at 6,1%, which is the lowest it's been since September 2008. That's six-- count 'em, six-- years ago. Last fall, it was a full point higher. At one point, we were at 10% (thank you, BushCo).

Benen even manages to squeeze in some excellent Benghazi!!!! snarkitude:

For the fifth 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 June, the private sector added 262,000 while the public sector added 26,000. The latter may not sound like much, but after several years in which that total was negative, it’s heartening. [...]

Overall, the report suggests the jobs landscape is clearly improving, which is no doubt proof that American employers are in on the conspiracy to distract Americans from Benghazi.

All told, over the last 12 months, the U.S. economy has added over 2.49 million jobs overall and 2.43 million in the private sector. What’s more, June was the 52nd consecutive month in which we’ve seen private-sector job growth – the longest on record.

At this point, with the year about half over, 2014 is currently on track to be the best year for U.S. job creation since 1999.

Benen is also reporting that this is "actual" good news, because "job creation was strong, even as the labor force grew. This is, in other words, how people rooting for the economy want to see the jobless rate drop."

But my favorite part was this: "There’s no point in cherry picking because all of the news is good."

Say it with me now:

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.

blame obama Bush's fault smaller

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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.

blame obama Bush's fault smaller

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Fed Up: Special Comment by my 76-year-old friend

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fed up

My impassioned “72-year-old”  friend (who is now 76, but who’s counting?), who goes by the Twitter name @42bkdodgr, would like to share his feelings of frustration about the state of politics and our dysfunctional Congress. I am more than happy to oblige, especially because I feel the same way.

This rant reminds me of one I did awhile ago: We have no choice. It might be time to revive that one.

Now on to "Fed Up." But first, a personal note from 42bkdodgr:

Many of you may wonder why I chose to use the “72 year old friend” as the introduction to my Special Comments. I selected the moniker so readers could see that from my age and life experiences I give a different perspective to the issues of today.

Now for his Special Comment:

FED UP

Like most Americans, I'm FED UP with the dysfunctional government we have.

I'm FED UP that there is a segment within the Republican caucus that refuses to compromise.

I'm FED UP that Republicans have more loyalty to a pledge they signed with Grover Norquist, to never raise taxes, forgetting the oath they took when sworn into office.

I'm FED UP that Republicans in Congress would rather spend government funds on phony investigations than pass a jobs and infrastructure bill, that would create jobs for millions of people, which would move our economy forward.

I'm FED UP with all the hate and racism that exists in our country.

I'm FED UP that the leaders of the Republican Tea Party don't denounce the use of racist remarks, hateful signs and pictures, displays of the Confederate Flag at rallies they attend in Washington D.C. and in their home states.

I'm FED UP with the disrespect shown President Obama and the office he holds. This has been going on since Joe Wilson yelled "You lie!" during a speech President Obama was giving to a joint session of Congress.

I'm FED UP that, after five years, there are still Americans who don't consider President Obama an American citizen or a Christian.

I'm FED UP with a party that lost a national election in 2012, that tries to use a government shut down and threat of default on national debt to force their ideology on Americans-- which the people had rejected-- and in the process, cost the country $24 billion.

I'm FED UP that a political party felt shutting down the government was a good thing, and brags about it and is threatening to try it again in 2014.

I'm FED UP that there are members in Congress who got elected with the sole intent of destroying the government.

I'm FED UP that the Republican Party is trying to defund and kill the Affordable Care Act, knowing full well it can't be done, in the process wasting more government funds.

I'm FED UP with members of Congress willing to cut funds that help those Americans in need while continuing to provide subsidies to farmers and oil companies, plus they refuse to close tax loop holes that benefit the rich.

I'm FED UP that states have or will enact laws to suppress the voting rights of Americans, when voter fraud doesn't exist in the country.

I'm FED UP that states have passed laws that don't allow women to control their own bodies.

I'm FED UP that the Evangelical Christians wanting to impose their religious ideology on all Americans and want to bring down the wall separating church and state.

I will continue to be FED UP, until these issues are addressed, or we will remain an extremely divided country pulling in different directions.

It's sad thing to say, but we are becoming a government, that unless one party controls Congress and the presidency, the chances of any important legislation getting done is almost nil.

That why it is extremely important for Democrats to vote in 2014 if we want to retain control of the Senate and possibly gain control of the House. Americans better begin to wake up and learn; the foundation of our democracy is being threatened by the radical right and it must be addressed.

Many thanks again for another thorough, relevant piece, @42bkdodgr. You often say what many of us are thinking and feeling, and we thank you for your unique perspective.

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