MaverickM11
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U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 12:24 am

The terrible economy continues  Silly

http://www.nytimes.com/2005/08/05/bu...355dfea89&ei=5094&partner=homepage

"The American economy added 207,000 jobs in July, the government reported today, as retailers, hospitals and restaurants added thousands of new employees.

A strong performance by service-sector businesses drove the increase, which beat economists' expectations of 180,000 jobs. So far this year, the economy has added 1.3 million jobs. By comparison, businesses created 2.2 million jobs for all of 2004.

The unemployment rate stayed unchanged at 5 percent, as expected.

Manufacturers shed 4,000 jobs in July, the fifth straight month that the sector has lost employment. Construction, by contrast, added 7,000 jobs, keeping up a blistering growth pace.
"

May and June were also revised upwards since payroll gains were larger than previously thought.
E pur si muove -Galileo
 
dl021
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 12:49 am

More propaganda about sorry jobs that we should not even be forced to work.

Where are those IT jobs that paid us $70k per year out of startup capital?


1.3million jobs.... man, I'd say that's hard to argue with, but someone here will do it.

I will say that I would like to see unions ease up a little and incentivize US companies to re-open manufacturing here in the states.

As it is many of the manufacturers see little reason not to move to Brasil and Mexico or overseas.
Is my Pan Am ticket to the moon still good?
 
B2707SST
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 12:58 am

More good news:
July's 207,000 job gain compared with a revised 166,000 increase in June. Economists surveyed by Briefing.com forecast an increase of 180,000 in the most recent month.

The June job gain was revised up 20,000 from the initial reading, and the May reading was also revised up 22,000 jobs to a gain of 126,000.

...

The household survey showed an even larger gain in the number of people working, up 438,000, with that survey now showing nearly a 400,000 job gain average over the last four months, or about twice the gain reported in the employer survey.

http://money.cnn.com/2005/08/05/news/economy/jobs_july/index.htm

--B2707SST
Keynes is dead and we are living in his long run.
 
mrniji
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:01 am

probably the cheap-labor sector (the "work to survive sector") has gained a new momentum of growth
"The earth provides enough resources for everyone's need, but not for some people's greed." (Gandhi)
 
stlgph
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:09 am

Quoting MaverickM11 (Thread starter):
as retailers, hospitals and restaurants added thousands of new employees.

oh yeah, the American dream job.

let's fold shirts at the Gap, buy a house in the suburb, and send kids to college on that wage.

Quoting DL021 (Reply 1):
1.3million jobs.... man, I'd say that's hard to argue with, but someone here will do it.

of course, because it's mostly jobs in the type as mentioned above. the employment rate SOARED when Starbucks began building their new locations which feature a Starbucks-Inside-A-Starbucks concept.
if assumptions could fly, airliners.net would be the world's busiest airport
 
Superfly
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:10 am

Great!
Best Western is looking for more housekeepers.  Yeah sure
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MaverickM11
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:16 am

Quoting STLGph (Reply 4):
oh yeah, the American dream job.

You want to back that up?

Quoting Superfly (Reply 5):
Best Western is looking for more housekeepers.

You too...care to back it up?
E pur si muove -Galileo
 
ANCFlyer
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:20 am

Congrats Mav - it only took like 5 posts before the "Good News" was shat upon! Usually, it's like what, 2 -3???
FOR THOSE THAT FOUGHT FOR IT, FREEDOM HAS A FLAVOR THE PROTECTED WILL NEVER KNOW OR UNDERSTAND
 
Falcon84
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:27 am

Service industry-most of the jobs-lower paying, fewer benefits, except for those who run the companies that don't pay their employees squat.

Yes, who needs those jobs that pay a good wage and have good benefits?
Work Right, Fly Hard
 
MidnightMike
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:28 am

Quoting STLGph (Reply 4):
oh yeah, the American dream job.

let's fold shirts at the Gap, buy a house in the suburb, and send kids to college on that wage.

Quoting DL021 (Reply 1):
1.3million jobs.... man, I'd say that's hard to argue with, but someone here will do it.

of course, because it's mostly jobs in the type as mentioned above. the employment rate SOARED when Starbucks began building their new locations which feature a Starbucks-Inside-A-Starbucks concept.

Here, let me do some reading for you, not sure where you got your information from:

The retail sector accounted for about one-quarter of all the new jobs, adding 50,000, mostly in clothing and general-purpose stores. The health care industry added 30,000 jobs and the leisure and hospitality industry added 33,000 jobs.

Average wages increased to $16.13 an hour, up 6 cents from last month, the biggest increase in a year. That suggests businesses are beginning to compete more aggressively for workers and employees are regaining some of the clout they wielded in the late 1990's.
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Superfly
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:46 am

Quoting MaverickM11 (Reply 6):
You too...care to back it up?

Actually Best Western is always hiring housekeepers.  Smile

Quoting MidnightMike (Reply 9):
Average wages increased to $16.13 an hour, up 6 cents from last month, the biggest increase in a year. That suggests businesses are beginning to compete more aggressively for workers and employees are regaining some of the clout they wielded in the late 1990's.

Care to school me a little on this?
How are these "average wages" measured?
If the increase wages is all top end wages, doesn't that increase the "average"?
Doesn't government mandated minimum wage increases play a factor as well?
Bring back the Concorde
 
MaverickM11
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:47 am

Quoting Falcon84 (Reply 8):
Yes, who needs those jobs that pay a good wage and have good benefits?

We need more manufacturing jobs where we can drill bits for 90 minutes but get paid for 10 hours!!!
E pur si muove -Galileo
 
Superfly
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 1:55 am

Quoting MaverickM11 (Reply 11):
We need more manufacturing jobs where we can drill bits for 90 minutes but get paid for 10 hours!!!

....and get these 10 year olds off there skateboards and in to the coal mines.  Yeah sure
You would have loved living in pre-turn of the century America.
Bring back the Concorde
 
stlgph
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 2:24 am

Quoting MaverickM11 (Reply 6):
You want to back that up?

sure, Captain Dense.

next time you're dining out and the waitress taking care of you is either

A. pregnant

or

B. looks like an older woman who might be doing this as a second job

why not strike up a conversation with them and ask them how their dreams of moving to Bel Air are progressing along.

we'll start with that, for an example.

Quoting MidnightMike (Reply 9):
Average wages increased to $16.13 an hour, up 6 cents from last month, the biggest increase in a year

well, i usually tip 23-30% for good service. glad to know i'm making a difference.
if assumptions could fly, airliners.net would be the world's busiest airport
 
MaverickM11
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 2:41 am

Quoting STLGph (Reply 13):
we'll start with that, for an example.

Random, anecdotal evidence...do you use that to prove all your points?
E pur si muove -Galileo
 
B2707SST
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 2:49 am

Quoting Superfly (Reply 10):
How are these "average wages" measured?
If the increase wages is all top end wages, doesn't that increase the "average"?
Doesn't government mandated minimum wage increases play a factor as well?

The full name of the "average wage" statistic is "Average hourly and weekly earnings of production or nonsupervisory workers." Salaried workers like executives and managers are not included.

See http://www.bls.gov/news.release/empsit.t17.htm for a breakdown by industry and occupational sectors.

--B2707SST
Keynes is dead and we are living in his long run.
 
MidnightMike
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 2:50 am

Quoting Superfly (Reply 10):
Quoting MidnightMike (Reply 9):
Average wages increased to $16.13 an hour, up 6 cents from last month, the biggest increase in a year. That suggests businesses are beginning to compete more aggressively for workers and employees are regaining some of the clout they wielded in the late 1990's.

Care to school me a little on this?
How are these "average wages" measured?
If the increase wages is all top end wages, doesn't that increase the "average"?
Doesn't government mandated minimum wage increases play a factor as well?

School you? No, we are not having an argument.... You can take the numbers and twist them anyway you want or I want, so, I won't. So, I will just go back to the link.

********************************************************

The retail sector accounted for about one-quarter of all the new jobs, adding 50,000, mostly in clothing and general-purpose stores. The health care industry added 30,000 jobs and the leisure and hospitality industry added 33,000 jobs.
********************************************************
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Superfly
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 2:50 am

B2707SST:
Thanks for the link.  Smile
Bring back the Concorde
 
stlgph
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 3:09 am

Quoting MaverickM11 (Reply 14):
Random, anecdotal evidence...do you use that to prove all your points?

gosh, you are denser than i previously thought, or else you just come from a poor family. or perhaps you didn't go out for lunch, yet.

go out and ask 100 teenagers or kids what they wanna be when they grow up.

how many of them have life long aspirations to be a Wal Mart cashier?

get back to me with your results.


it doesn't take many 50's & 60's sit coms, current reality tv shows ("I Wanna Be A Hilton" is a great start), romance novels, or more than one Johnny Cash album to figure this one out.

so you go on defending sales clerking as a great way to buy that house in the suburbs and send the kids to college. i'll keep giving my 23-30% so i can help out those less fortunate than i.
if assumptions could fly, airliners.net would be the world's busiest airport
 
B744F
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 4:19 am

And all this matters... because? It's just more examples for the Fed to keep raising interest rates until they've burried all the gains of the poor and middle class all so the wealthy can keep their investments worth more in the future.

As shown, the service sector accounted for most of the increases, and considering the average wage adjusted for inflation is still lower than 1979, these miniscule increases mean peanuts.
 
dl021
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 4:36 am

Keep putting people down for getting the jobs done that you probably couldn't do properly anyway. Everyone has to start somewhere, and there are plenty of higher wage jobs available out there as well.

Besides, what are the actual statistics on the percentage of jobs being created that are better or worse than in previous economic cycles?
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MaverickM11
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 4:46 am

Quoting STLGph (Reply 18):
go out and ask 100 teenagers or kids what they wanna be when they grow up.

You could also stick your thumb in your rear and tell me how the economy is going and take it as gospel   

Quoting B744F (Reply 19):
the service sector accounted for most of the increases,

We definitely need more jobs in the vastly superior manufacturing sector where unions are needed to keep the dumb and lazy employed...  

Kidding...kinda...

[Edited 2005-08-05 21:53:47]
E pur si muove -Galileo
 
stlgph
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 5:00 am

Quoting DL021 (Reply 20):
Keep putting people down for getting the jobs done that you probably couldn't do properly anyway

you're right, i couldn't be a cashier. i could never count back change since i've only bought by plastic for all of my life.

Quoting B744F (Reply 19):
As shown, the service sector accounted for most of the increases, and considering the average wage adjusted for inflation is still lower than 1979, these miniscule increases mean peanuts.

you're right. but you should have directed people to your posts in the Wal Mart thread...i.e. the absence of providing employees with health insurance
if assumptions could fly, airliners.net would be the world's busiest airport
 
Pope
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 5:28 am

Quoting B744F (Reply 19):
And all this matters... because? It's just more examples for the Fed to keep raising interest rates until they've burried all the gains of the poor and middle class all so the wealthy can keep their investments worth more in the future.

Actually, the wealthy like low rates because the bond and stock markets move opposite to one another. As interest rates rise, money is typically moved from the stock market (where most wealthly people do the bulk of their investments) to the bond markets. The movement of cash from equity markets to bond markets cause a decline in the equity markets.

Low interest rates also allow the "wealthy" to use margin more effectively. Also, low rates allow companies to borrow money cheaper and therefore contribute to earnings grow, appreciating the value of shareholder investments. Therefore, the rich generally prefer a low interest rate environment.

Perhaps you should think about what you post before your post it.
Hypocrisy. It's the new black for liberals.
 
Blackbird1331
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 5:32 am

Christmas is coming. It's that time of year.
Cameras shoot pictures. Guns shoot people. They have the guns.
 
B2707SST
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 5:51 am

Quoting Pope (Reply 23):
Actually, the wealthy like low rates because the bond and stock markets move opposite to one another. As interest rates rise, money is typically moved from the stock market (where most wealthly people do the bulk of their investments) to the bond markets. The movement of cash from equity markets to bond markets cause a decline in the equity markets.

Not only that, a higher discount rate reduces the present value of long-term securities, like stocks (which represent, in part, the discounted present value of a company's future earnings) and bonds (the net present value of a bond's future coupon and principal payments). Hence we see the following today:

DOW -52.07 -0.49%
NASDAQ -13.41 -0.61%
S&P -9.44 -0.76%
10YR -20/32 Yield: 4.39%

Unless you hold your money in floating-rate or very short-term securities, like a money market account or 30-day Treasury notes, rising rates will inflict capital losses on debt instruments. The bond market got killed today; 10-year yields were up almost 0.10%, which is a big move.



Quoting Pope (Reply 23):
Low interest rates also allow the "wealthy" to use margin more effectively.

True; low short-term rates and high long-term rates allow investors to play the "carry trade" of borrowing short and investing long, pocketing the difference in rates. When the yield curve flattens, as it has recently, this trade gets squeezed and a lot of strategies that employ leverage (such as convertible arbitrage) find it much harder to make money.

--B2707SST
Keynes is dead and we are living in his long run.
 
jamesag96
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 7:03 am

Quoting MaverickM11 (Reply 14):
Quoting STLGph (Reply 13):
we'll start with that, for an example.

Random, anecdotal evidence...do you use that to prove all your points?

Careful, he works in the media. LOL.

Quoting STLGph (Reply 22):
Quoting DL021 (Reply 20):
Keep putting people down for getting the jobs done that you probably couldn't do properly anyway

you're right, i couldn't be a cashier. i could never count back change since i've only bought by plastic for all of my life.

Gotta love the derogatory attitude...just a taaaaad bit elitist don't you think?
Why Kate, You're not wearing a bustle. How lewd.
 
dl021
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 7:16 am

Well, since he's never used anything but plastic, I could not expect any reality from him. He's either never had to work for it, or had it all handed to him.

People that start from the bottom and work their way up have handled cash.
Is my Pan Am ticket to the moon still good?
 
Soku39
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 8:45 am

One problem, no one has mentioned how many jobs have been lost. This debate is absolutely useless without that information. For all I know there could have been a net loss (I'm not saying there is, I'm saying there could be as there has been no number given).

So whats the point of even debating it?
The Ohio Player
 
CORULEZ05
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 8:51 am

All I can say is: It is not about the QUANTITY but the QUALITY

Thousands and thousands of jobs can be created BUT if they are not created on a firm base, focusing on the future...those people will end up jobless again in the near future. For the time being, some of these "jobs" will serve the purpose but later on down the road, the same unemployment problem will be present.

Quoting STLGph (Reply 18):
go out and ask 100 teenagers or kids what they wanna be when they grow up.

how many of them have life long aspirations to be a Wal Mart cashier?

get back to me with your results.

Thank you....couldn't of said it better.....
Fly jetBlue today!!!!!!!
 
B2707SST
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 10:09 am

Quoting Soku39 (Reply 28):
One problem, no one has mentioned how many jobs have been lost. This debate is absolutely useless without that information. For all I know there could have been a net loss (I'm not saying there is, I'm saying there could be as there has been no number given).

So whats the point of even debating it?

This is a net figure:
Total nonfarm employment rose by 207,000 in July to 133.8 million, seasonally adjusted. This followed job gains of 126,000 in May and 166,000 in June (as revised).
http://www.bls.gov/news.release/empsit.nr0.htm

--B2707SST
Keynes is dead and we are living in his long run.
 
B744F
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RE: U.S. Added 207,000 In July, Better Than Expected

Sat Aug 06, 2005 10:34 am

I'm sorry but saying the wealthy like low rates is unbelievable. They want higher rates so the money supply will be smaller thus they can get higher rates to lend out.

Quoting Pope (Reply 23):
Actually, the wealthy like low rates because the bond and stock markets move opposite to one another.

Wrong, the wanna-be wealthy like low rates, low rates mean more inflation in the long run according to the outdated model the fed uses. Low rates mean liquidity is in higher supply, thus the wealthys holdings are worth less. Higher rates mean the market is being tightened, a lower supply of money, thus a wealthy person is able to loan out their money for higher rates because of it.

Quoting Pope (Reply 23):
Perhaps you should think about what you post before your post it.

Perhaps you should stop posting like you know it when it is quite obvious you do not. Higher rates are what protects the wealth of the few, if you deny this, you deny reality.
 
stlgph
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RE: U.S. Added 207,000 In July, Better Than Expected

Sun Aug 07, 2005 5:16 am

Quoting MaverickM11 (Reply 21):
You could also stick your thumb in your rear and tell me how the economy is going and take it as gospel

since the most jobs added are flippin' burgers and hanging clothes from a rack, or scrubbin' floors as a C.N.A., the economy is going great! here comes suburbia!

and my thumb feels fantastic! i take it you got the idea from this week's Savage Love column. you rebel you!

Quoting Jamesag96 (Reply 26):
Gotta love the derogatory attitude...just a taaaaad bit elitist don't you think?

well, i happen to like Target.
if assumptions could fly, airliners.net would be the world's busiest airport
 
Pope
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RE: U.S. Added 207,000 In July, Better Than Expected

Sun Aug 07, 2005 12:29 pm

Quoting B744F (Reply 31):
Higher rates mean the market is being tightened, a lower supply of money, thus a wealthy person is able to loan out their money for higher rates because of it.

Look at historical returns between equities and bonds over just about any 15 year period you want and then decide whether rich people prefer high interest rates or low one.

Quoting B744F (Reply 31):
Perhaps you should stop posting like you know it when it is quite obvious you do not. Higher rates are what protects the wealth of the few, if you deny this, you deny reality.

Well your foolishness once again shows up. I guess everyone else is wrong and you are right. You know, the federal reserve chairmanship is about to become vacant, perhaps you should throw your name in the hat given your superior understanding of the debt and equity markets.
Hypocrisy. It's the new black for liberals.
 
MaverickM11
Topic Author
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 6:30 am

http://online.wsj.com/article/0,,SB1...n%5Fmain%5Freview%5Fand%5Foutlooks



"That criticism now looks wildly off base. The 5% jobless rate today is almost a percentage point below what it was during the same stage of the business cycle during the vaunted "Clinton expansion.""

"Labor economist Diana Furchtgott-Roth of the Hudson Institute has thoroughly refuted the Boston Fed study. She finds that "most non-participants are out of the labor force by choice -- in school, parenting their children, or retired early." Since one's future wages and employment opportunities are highly correlated with years of education, this trend toward kids staying in school longer augurs well, not poorly, for the next generation of workers."

"Ms. Furchtgott-Roth also discovered that the decline in labor force participation for women is mostly a reflection of good economic times and rising incomes. With median family income now above $52,000 a year, more families can maintain a comfortable lifestyle with one spouse working rather than two. Ironically, for years critics of the U.S. economy have complained that Americans are "overworked" and that "it now takes two incomes to produce the living standard that once required just a working father." To the U.S. bashers, it is a sign of decline if more people are working, and it is just as bad if fewer people are working."

"Workers do get discouraged from finding a job when they are unemployed for a long stretch of time. But the percentage of "long-term unemployed" workers is about two percentage points lower than it was in the same stage of the Clinton expansion. In Japan and France the share of long-term unemployed workers is three times higher than in the U.S. Germany's rate is four times higher. If America's unemployed are "discouraged," French and German workers must be feeling absolutely suicidal."
E pur si muove -Galileo
 
stlgph
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 7:09 am

Quoting MaverickM11 (Reply 34):
In Japan and France the share of long-term unemployed workers is three times higher than in the U.S. Germany's rate is four times higher. If America's unemployed are "discouraged," French and German workers must be feeling absolutely suicidal."

what a fun and cute little comment.

then one stops and remembers how much the government subsidizes for health care and education costs, which often serves as one of the primary reasons for going to work in the first place.
if assumptions could fly, airliners.net would be the world's busiest airport
 
dl021
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 7:47 am

Quoting MaverickM11 (Reply 34):
In Japan and France the share of long-term unemployed workers is three times higher than in the U.S. Germany's rate is four times higher. If America's unemployed are "discouraged," French and German workers must be feeling absolutely suicidal."


stglwhat a fun and cute little comment.

then one stops and remembers how much the government subsidizes for health care and education costs, which often serves as one of the primary reasons for going to work in the first place.


I don't know what world you come from but the reason that most people work is that they need to pay for all those things on Maszlo's pyramid, starting at the top. Food, Shelter, Clothing, Transportation......education and health care, while important, are not the primary reasons for going to work.

Perhaps you could find another theory.....
Is my Pan Am ticket to the moon still good?
 
stlgph
Posts: 9178
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 8:02 am

Quoting DL021 (Reply 36):
Food,

food stamps

Quoting DL021 (Reply 36):
Shelter,

overpass

Quoting DL021 (Reply 36):
Clothing

goodwill quarter days

Quoting DL021 (Reply 36):
Transportation

hobo-it

Quoting DL021 (Reply 36):
Perhaps you could find another theory.....

well, if one would spend more time as a kid buddying up to the great aunt with a weekend house in the Hamptons, all will be well.
if assumptions could fly, airliners.net would be the world's busiest airport
 
dan2002
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 8:12 am

Quoting MaverickM11 (Reply 21):
We definitely need more jobs in the vastly superior manufacturing sector where unions are needed to keep the dumb and lazy employed...

What bullshit. My father was president of his local for almost 20 years, and everytime the company would change hands, from CEO to CEO and owner to owner, the union would get fucked every damn time. One day they would be making almost 20$ an hour, next week its down to 6$. I cant count how many times they were on strike. If the union wasnt there, 500+ people would of been ass raped. Then they got screwed over in 2003, when the company ceased operations, with almost 50 people (including my father) due to retire in the coming month. And if they are so lazy, next time you see a Mack or Kenworth(etc) truck headed your way, think a dumb and lazy person made that truck.


-Dan
A guy asks 'What's Punk?'. I kick over a trash can and its punk. He knocks over a trash can and its trendy.
 
MaverickM11
Topic Author
Posts: 15455
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 8:12 am

Quoting STLGph (Reply 37):
hobo-it

Poverty in the US is down from something like 20% in the 70s to 12% currently, and that latter is swelled because of the millions of illegal immigrants that have come across the border.
E pur si muove -Galileo
 
MaverickM11
Topic Author
Posts: 15455
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 9:01 am

Quoting MaverickM11 (Reply 39):
Poverty in the US is down from something like 20% in the 70s to 12% currently, and that latter is swelled because of the millions of illegal immigrants that have come across the border.

This is the actual text:

"Or perhaps what really matters is how the poor are doing in absolute terms rather than in relation to the wealthy. Americans' average salaries have risen over the past 30 years, though admittedly not by much. A far smaller share of the population lives in poverty now than in the supposedly golden age of equality in the 1950s (12% compared with 22%). Moreover, a surge of immigrants on minimum wages tends to bring down the average: home-grown Americans are probably better off than the figures suggest. The rich have not got richer at the expense of the poor. The rising tide has lifted dinghies as well as yachts. "
E pur si muove -Galileo
 
LOT767-300ER
Posts: 8526
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 10:55 am

I cant believe some of you guys are speculating what kind of jobs have been created? Christ, I love how you guys just assume they are low quality jobs at wal-mart. So optimistic, any positive news about US economic data under Bush and you guys slam it immediately, such BS.
 
stlgph
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 11:04 am

....

"The retail sector accounted for about one-quarter of all the new jobs, adding 50,000, mostly in clothing and general-purpose stores. The health care industry added 30,000 jobs and the leisure and hospitality industry added 33,000 jobs."

....

gosh, gee, i dunno....maybe some of us are just better at math.
if assumptions could fly, airliners.net would be the world's busiest airport
 
MaverickM11
Topic Author
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 11:32 am

Quoting STLGph (Reply 42):
gosh, gee, i dunno....maybe some of us are just better at math.

Do you have anything to compare it to?
E pur si muove -Galileo
 
LOT767-300ER
Posts: 8526
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RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 11:48 am

Quoting STLGph (Reply 42):
gosh, gee, i dunno....maybe some of us are just better at math.

Maybe you should brush up on some COMMON SENSE.....look what proportion those sales jobs make up out of the whole job market, and how many percent of workers are employed in those sectors. Maybe your better than me in doing Matricees, but not in proportions. What did you expect the article to read? "About 1/4 of the jobs have been added in the Paraprofessional and IT Management sectors" Be real for gods sake. This concept that there are more Wal-Mart workers than computer programers for Intel or Cisco systems in a given city is not a new one.
 
dl021
Posts: 10836
Joined: Fri May 21, 2004 12:04 pm

RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 12:16 pm

STgl..you make zero sense.

The economy is better, more people are employed, and things are good.

Bitch all you want, it won't change facts.
Is my Pan Am ticket to the moon still good?
 
xjramper
Posts: 2318
Joined: Wed Dec 10, 2003 1:10 am

RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 12:57 pm

Ok....the problem with America's economy is that its perception-based. People think the economy is good: it is. People think the economy is bad: it is.

We were out of the recession mid 2002, however, our lovely media still plays it as we are still in it.  Yeah sure

Either way...it seems like a no win situation with the dems. They bitch because there are "no" jobs available. Jobs are available, people take them, they bitch because its not the wealthiest job in the nation.

Want a good idea that may let me think yall aren't whiney liberal weiners....have our nation start producing something instead of relying on importing goods. Our country will rock even more.

XJR
Look ma' no hands!
 
stlgph
Posts: 9178
Joined: Tue Oct 12, 2004 4:19 pm

RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 3:00 pm

Quoting MaverickM11 (Reply 43):
Do you have anything to compare it to?

yes. Leavittown.

Quoting LOT767-300ER (Reply 44):
Maybe you should brush up on some COMMON SENSE

oh yes. and you plan on staying at your car stereo installation job for the rest of your life, right? come back when you graduate with your Finance Degree.

Quoting DL021 (Reply 45):
The economy is better, more people are employed, and things are good.

well, if that's what you wanna keep on believing for yourself, you do that then. when you come back and tell me that you've been happily employed at Waffle House since you were 16, i'll gladly eat my words.

so the next time you're trying to pick up some young college twink at the bar, ask him if he aspires to work at Express for the rest of his life. you get back to me.

Quoting DL021 (Reply 45):
Bitch all you want, it won't change facts

that's correct! *my* job comes with full benefits.
if assumptions could fly, airliners.net would be the world's busiest airport
 
MaverickM11
Topic Author
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Joined: Thu Apr 06, 2000 1:59 pm

RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 3:08 pm

Quoting STLGph (Reply 47):
so the next time you're trying to pick up some young college twink at the bar, ask him if he aspires to work at Express for the rest of his life. you get back to me.

Why don't you bother getting some analytical data to back up your passive aggressive claims, 'and then get back to me'?  Silly
E pur si muove -Galileo
 
stlgph
Posts: 9178
Joined: Tue Oct 12, 2004 4:19 pm

RE: U.S. Added 207,000 In July, Better Than Expected

Tue Aug 09, 2005 3:34 pm

Quoting MaverickM11 (Reply 48):
Why don't you bother getting some analytical data to back up your passive aggressive claims, 'and then get back to me'?

okay, let's look in the classified section, and then choose from one of the following jobs, shall we?

retail. $7 an hour. no paid vacation. no benefits. but you get a 10% store discount. must work evenings, weekends, and some holidays. must present a doctor's note when you call in sick.

in Missouri, the wage of a server is $2.13 per hour plus tips. no paid vacation. no benefits. 50% off meals. must work evenings and weekends and some holidays. must present a doctor's note when you call in sick.

A C.N.A. in a hospital brings in about $7.50 an hour. no paid vacation. some benefits, but you have to buy them. third shift and weekends. must present a doctor's note when you call in sick.

Account Manager. $36-$42,000 a year salary range beginning (negotiable). full benefits plus housing allowance. own office. travel opportunities. four year degree in Marketing, Economics, or Finance Preferred. 2 weeks vacation first year plus 7 personal/sick days. monday-friday 830a-5p.


i dont know about you but i'm going to scratch my head over this one for a while.
if assumptions could fly, airliners.net would be the world's busiest airport

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