No Jobs For You!

Oooooh. Amiserable new jobs report on the eve of mid-term elections.

Is this the October Surprise that Karl Rove has been bragging about?

Employers added far fewer workers to their payrolls in September, according to the government’s latest reading of labor market strength that came in much weaker than Wall Street expectations.

Overall, U.S. payrolls grew by 51,000 jobs in September, according to the Labor Department. That’s down from the revised 188,000 job gain in August. Economists surveyed by Briefing.com had forecast a gain of 120,000 jobs.

15 thoughts on “No Jobs For You!

  1. Meanwhile, the economy keeps going strong and the Dow is breaking records.
    Just kills you progressives, doesn’t it?

  2. Dow reaching record highs, gas prices falling, another month of positive job growth. Holy Crap, no wonder progressives are so pissed off.

  3. All the cable news programs have been touting the “strong economy” today and making miserable excuses for the job report.
    Gas may be “falling” but it is still double what it was when George W. Bush took office. Cold comfort there.
    The Dow is doing so well because investors are flocking back to stocks in light of the housing bubble’s pop and falling real estate prices. No comfort to those people trying to pay their mortgage or put food on the table.

  4. Actually it is negative job growth as it takes 150,000 new jobs a month to keep pace with population growth. It means that a smaller percentage of our population is working. Durning good economic times we should see 250,000 plus jobs a month month after month, but that hasn’t happened since Bush took office.

  5. Um, in six years under Bush the Dow has just now broken even.
    Meanwhile, during the same time period the Russian stock market has grown 800%.
    USA! USA! USA!

  6. Ummm…ever heard of a little thing called 9/11??
    And Russia?!?! Give me a break…
    Sheesh…

  7. Oil prices are completely out of the hands of anyone in the government. No tax breaks, no cutting funding for higher education, no elimination of our basic civil rights, no cuts to alternative energy resource resulted in lower prices. It is a fluke… a benefit from our benefactors: OPEC and Venezula. Perhaps they’ve allowed oil prices to fall because they benefit from having their puppets — Bush and Cheney — sitting in our government with unchecked power.
    Also keep in mind that the Dow is a group of the 30 largest companies in the US. It is also the safest bundle of stocks to invest in. This means the Dow can go up when people are frightened. When they don’t trust their own companies to stick around.

  8. The Dow started dropping in late November (after Bush was elected). In the first half of the next year, it was dropping suddenly. There was an extreme sharp drop after 9/11 from which the market had recovered in a couple of weeks.
    Its amazing how you think the market knew to drop in anticipation of 9/11.
    Look at the facts.

  9. Oil prices aren’t exactly out of the hands of anyone in government.
    Attack an oil-producing country, like Iraq, and prices go up.
    Ratchet up the rhetoric against an oil-producing country, like Iran, and prices go up.
    Mobilize the military, causing astronomical oil consumption by the military, and prices go up because demand is up.
    Encourage consumption and discourage conservation, and prices go up.
    Don’t forget, there are many people in the U.S. who benefit from higher oil prices. Since oil production uses fuel too, the cost of production does go up when the price of oil rises, but nothing near the rise in prices of oil we’ve seen in the last 5 years. They’re making a mint in these times…extra BILLIONS!
    There are ways to increase prices without increasing demand or production costs. Only a few people in this world have enough power to accomplish that feat.
    Everyone has the power to decrease demand. It’s in the best interest of the average consumer to do so. Choose the right car, furnace, water heater, washer, dryer, transportation method, air conditioner, computer, building materials and light bulb. Live with a slightly lower temperature, a little less light, produce your own energy, vacation closer to home, eat less meat, buy organic, walk when you can, eat healthy.
    There are thousands of ways to decrease your own energy consumption.
    Thoughtful choices in each and every one of these areas by enough people will reduce the demand for oil and reduce the power that a select few hold over us…whether it’s OPEC or people in our own government.

  10. And it’s amazing how dense you can be about those same facts.
    The tech bubble, which created an artificially high DOW under Clinton, collapsed. 9/11 shocked the system again. Hurricanes Rita and Katrina did a number on our economy. Energy prices have soared due to instability (in places other than Iraq.)
    All of this is conveniently ignored by the left. Of course, to acknowledge it would mean they would have to acknowledge that the Bush tax cuts have been VERY good for our economy (how many new corporate tax receipt records do we need to break before you’ll get your head out of the sand.)
    This Bush-hatred syndrome is scary.

  11. “New highs” is a lie. If you adjust for inflation, and you must, the market is still 17% below 2000.

  12. The “economy going strong” and “the Dow breaking records” don’t do diddly for you if you don’t have a job. The only people making real money these days are the ones who’ve already got it.

  13. Interesting. All I see is an insult followed by the argument to “believe it because I said so.” No facts. Nothing I haven’t seen before.
    On the other hand, its easy enough to check what I said by going to yahoo.com and clicking on “Finance” followed by clicking on DJI. (I didn’t add this to my first post because it is so easy to do and there are a multitude of other sources where you can follow the market across time).
    One refinement which the above misses is to adjust the market for time. Just divide the market price at a given time by the ratio of the current CPI to the CPI at any given time. If you do this, the market is still below Clinton and the drop in the market **PRIOR TO** September 11 is rather precipitous.
    If you want to convince me, you’re going to have to add some facts to your rhetoric.

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