Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Recovery? What Recovery?
Published on Friday, June 8, 2012 by Common Dreams
Recovery? What Recovery?
Behind the New Jobs Numbers, Dull Statistics Tell a Terrifying Story
by Ted Rall
Worst U.S. Jobs Data in a Year Signals Stalling Recovery, The New York Times ran as its lead headline on June 2. The Labor Department reported that the U.S. economy created 69,000 jobs during May. The three-month job-creation average was 96,000. Unemployment ticked up a tenth of a point, from 8.1 to 8.2 percent.
Once again, the media is downplaying a blockbuster storyrecovery? what recovery?by dulling it down with a pile of dry, impenetrable statistics.
Wonder why you cant find a job or get a raise, and your house has been sitting on the market for years? The new jobs numbers are the key to understanding how bad the economy isand why its not likely to get better any time soon.
Q: If nearly 100,000 Americans per month are finding jobs, why are securities markets tumbling?
A: Because its actually a net jobs loss. The U.S. population is growing, so the work force is too. We need 125,000 new jobs a month just to keep up with population growth. In the last 22 months, businesses have created more than three million jobs, President Obama claimed in his January 2012 State of the Union speech. True or not, a more straightforward claim would have been net job creation: 350,000 jobs over 22 months, or 15,000 per month. ..................(more)
The complete piece is at: http://www.commondreams.org/view/2012/06/08-0
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 1375 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Recovery? What Recovery? (Original Post)
marmar
Jun 2012
OP
scheming daemons
(25,487 posts)1. yay.. another thread that helps Romney
marmar
(77,129 posts)2. Yeah, because I'm sure that all the undecided voters are in DU's Good Reads forum right now.
Yay, more intellectually dishonest bluster.
scheming daemons
(25,487 posts)3. Anything that dampens enthusiasm for Obama helps Romney nt
marmar
(77,129 posts)4. Mon dieu......
I'm pretty sure that just about everybody who reads this or anything else here IS GOING TO VOTE for Obama. But I don't think reality aversion is healthy, even in an election year.