According to the Department of Labor's latest jobs report, which shows the U.S. economy added 217,000 jobs in May. With that job growth, there are now more jobs in the country than ever before.
Overall, this has been the longest jobs recovery since the Department of Labor started tracking jobs data in 1939. Economists surveyed by CNNMoney predict it will take two to three more years to return to "full employment," which they define as an unemployment rate around 5.5%.
The problem that still exists with the job market is that a lot of the jobs that have come back are part-time low-paying jobs. While that looks good on the job creation worksheets, it doesn't help the economy as much as full-time well-paying jobs. No matter whom you blame or give credit to. The economy still sucks. It's getting better. But I believe that, without all of the shenanigans in Washington, we could have been in much better shape by now.
It's all smoke and mirrors, as said the only jobs that have boosted that number are all low pay part time jobs. On top of that Wages over the past year show 0 % increase, consumers are spending less due to severe economy restraints, namely everything has gone up in price, but their wages. The number of Full Time Wage earners has greatly been greatly reduced and the true unemployed number is kept hidden in the Government Closet. All I hear on CNBC is that Companies are laying off full time workers to reduce their operating cost, to improve profit.
[This message has been edited by California Kid (edited 08-01-2014).]
It's all smoke and mirrors, as said the only jobs that have boosted that number are all low pay part time jobs. On top of that Wages over the past year show 0 % increase, consumers are spending less due to severe economy restraints, namely everything has gone up in price, but their wages. The number of Full Time Wage earners has greatly been greatly reduced and the true unemployed number is kept hidden in the Government Closet. All I hear on CNBC is that Companies are laying off full time workers to reduce their operating cost, to improve profit.
I would be interesting to see a chart that goes past 2011. If things are so great why do you think the Stock Market is selling off big time over the last two days ?
[This message has been edited by California Kid (edited 08-01-2014).]
It's election time, I don't believe that for one second.
If past performance is indicative of a future a response they will revise the numbers when it is appropriate.
Exactly, and the majority will buy into about anything for some reason.
Like when McDonalds "created" thousands of new jobs. Heh. Suddenly the people who were working there and barely getting 20 hours a week weren't getting 12 hours a week. But all that was reported was how awesome it was for there to be more jobs....
Originally posted by yellowstone: Job market returns to 2008 peak ... With that job growth, there are now more jobs in the country than ever before.
It's interesting how the same data can be described differently. Another way to say it would be, "Job market finally returns to where it was before Obama took office." "The longest period of job growth" is also the slowest recovery in history.
Like any statistic, the devil is in the details. Like the loss of full time jobs along with an increase of part time jobs. http://www.zerohedge.com/ne...surge-800k-most-1993 In many cases that isn't the economy improving - it's business cutting a full time position and replacing it with two part time positions, or cutting back from full time to part time. Blame corporate greed, or blame increased cost of full time employees due to new government regulations - the end result is the same.
The economy today even with "more jobs than ever before" has not returned to it's pre-Obama strength. The Fed is still pumping Billions of dollars of stimulus into the system every month. We're inflating an economic bubble and it's going to pop sooner or later.
The news will continue to report a rosy picture until at least after the 2014 elections. If they can keep inflating the bubble until 2016, they will and leave this flaming bag of poo of an economy on the front door of the next administration as their problem to deal with. If a Republican is elected, the "economy I inherited" excuse won't fly and the media and useful idiots will blame evil Republicans. If a Democrat is elected, it'll still be called Bush's fault.
All the average individual can do is make sure they're ready for when this house of cards collapses. It's no longer avoidable. It's only a matter of when and how painful it will be when it happens.
Its hard to pick a side on this, it dose not feel like its getting better but based on FedEx well my home terminal for instance, they cant fill a truck fast enough right now, usualy they promote dock workers into CDL positions but myself and a few other new hires are being taken right out of the industry and thrown into a truck.
[This message has been edited by pontiackid86 (edited 08-01-2014).]
Even if the topic line is true, this is 2014, not 2008. How many have been added to the labor force since then?
From the article:
quote
Yet, this isn't the moment to break out the champagne. Given population growth over the last four years, the economy still needs more jobs to truly return to a healthy place. How many more? A whopping 7 million, calculates Heidi Shierholz, an economist with the Economic Policy Institute.
[This message has been edited by spark1 (edited 08-02-2014).]
I would be interesting to see a chart that goes past 2011. If things are so great why do you think the Stock Market is selling off big time over the last two days ?
Stocks are pieces of paper with no actual value aside from the fact that other people think they might make money by selling those pieces of paper to others who think they might make money. Kind of like baseball cards(anybody want to buy 2 unopened cases of 1987 Topps baseball cards?).
Stocks are pieces of paper with no actual value aside from the fact that other people think they might make money by selling those pieces of paper to others who think they might make money. Kind of like baseball cards(anybody want to buy 2 unopened cases of 1987 Topps baseball cards?).
Easy, focus on the corporate earnings data instead.
Besides, anything of "value" is like that. What makes gold valuable other than the common belief that it holds value?
Easy, focus on the corporate earnings data instead.
Besides, anything of "value" is like that. What makes gold valuable other than the common belief that it holds value?
The World is largely built on who believes and who does not believe data they are shown (which can be easily manipulated). If you think our Government, Banks, or Large Corporations are being truthful about information they give the public, you'd better hope you side with the majority when placing bets (and in the long run that's not always safe either). The trick is temporary in a lot of cases, and you can only hope you've chose correctly. Unfortunately we live in a World were if someone stands to gain something from lying, they fabricate the data to make the lie appear to be truthful.
Stocks are pieces of paper with no actual value aside from the fact that other people think they might make money by selling those pieces of paper to others who think they might make money. Kind of like baseball cards(anybody want to buy 2 unopened cases of 1987 Topps baseball cards?).
Stocks give you ownership in the company, votes to elect board members and in some companies will pay dividends on their stocks. They have value because if it.
Its hard to pick a side on this, it dose not feel like its getting better but based on FedEx well my home terminal for instance, they cant fill a truck fast enough right now, usualy they promote dock workers into CDL positions but myself and a few other new hires are being taken right out of the industry and thrown into a truck.
There are several reasons for the lack of people available in the trucking field.
When the economy fell out in 2008 owner operators, and people with a lot of experience were forced out of driving because of layoffs, and lack of work. The sudden loss of literally thousands of drivers overnight created a sudden need for drivers. (But no pay for them)Large companies filled the gaps where possible.
When the trucking companies started hiring back (Large companies, most small ones went out of business in 2008) they didn't pay as much as before. Less people want to go into a career that doesn't pay what it should for the amount of commitment it requires.
The Federal Government is constantly making regulations tighter and tighter for drivers, forcing older drivers out because of what many view as petty reasons. (It was 10,000 or so forced to quit last year because of a law change.)
Just recently regulations changed regarding health cards that are required to drive a truck. This is causing a lack of Doctors to examine the drivers and a lack of drivers because of "health" reasons. In the coming years, if it's not changed, it will cause another lack of drivers.
There are jobs available driving a truck. But the majority of them are paying a quarter of what they used to, and you can't take time off and "make it". It's not a good situation, especially since our economy is carried on trucks.
Driving a semi is certainly a "skilled career", but its pay is at unskilled labor rates currently.
It is much better and more efficient to haul freight by rail. But that being said, trucks will drive themselves before cars will.
The autopilot technology for vehicles in the future is being funded by freight companies. Sure there will be a political push back by corrupt unions to stall the implementation of it, but necessity and safety will override the buggy whippers.
I dont see any jobs boom except maybe a few areas. Like said, there are more jobs but they are low pay or minimum wage jobs, or part time instead of full time. Ones that have jobs havent seen any raises to overcome higher cost of living so theyre still worse off. Then like said too, there have been lots of new people added to the mix, by birth, becoming employment age and migrating here illegally.
A truer headline statement would be current unemployment numbers (not percentages) are right back to where they were or worse than when Obuma got elected. Hes made no accomplishment except to further alienate American citizens even more from the government. The exception being all those that now get free handouts from his administration. I talked to a retired black woman customer the other day who voted for Obuma. She got his Obumacare coverage. She hates him now because this healthcare wont pay her medical bills and prescriptions she was getting paid by her own insurance before. She was scheduled for open heart surgery and sold her house and cashed in her retirement to try and pay for it because her provider wont cover any of it.
[This message has been edited by rogergarrison (edited 08-02-2014).]
I dont see any jobs boom except maybe a few areas. Like said, there are more jobs but they are low pay or minimum wage jobs, or part time instead of full time. Ones that have jobs havent seen any raises to overcome higher cost of living so theyre still worse off. Then like said too, there have been lots of new people added to the mix, by birth, becoming employment age and migrating here illegally.
A truer headline statement would be current unemployment numbers (not percentages) are right back to where they were or worse than when Obuma got elected. Hes made no accomplishment except to further alienate American citizens even more from the government. The exception being all those that now get free handouts from his administration. I talked to a retired black woman customer the other day who voted for Obuma. She got his Obumacare coverage. She hates him now because this healthcare wont pay her medical bills and prescriptions she was getting paid by her own insurance before. She was scheduled for open heart surgery and sold her house and cashed in her retirement to try and pay for it because her provider wont cover any of it.
I was laid off in 2008, when I got back to work several (seven if I recall correctly) months later I made less than half of what I previously made. After working my way up the chain I made it to almost 3/4 of my previous pay rate, but had to deal with politics which I had the liberty of ignoring before. Basically I was having to do management level work for base level workers pay. Being in management I also was privy to pay among workers. For the most part I was doing better than average on pay, which is not good at all.
Now I'm in another field, and things suck just as bad lol. It doesn't matter what you do, it sucks across the board. At least I don't have student loan payments to...... Well crap, I do.
And it's still dropping.
Basically I was having to do management level work for base level workers pay. Being in management I also was privy to pay among workers. For the most part I was doing better than average on pay, which is not good at all. 
