Private sector job gains offer hope for labor market

The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid increased 44,000 to 3.25 million in the week ended December 22.

Why isn’t this the first paragraph in this article?? Welcome to Obama’s economy and now people can stay on unemployment even longer.. GO USA, hope you all enjoy it!

With luck, we’ll be able to borrow more money and really screw up our children and grand children. Thank goodness for the recovery.

@igolfleft

a lot of those people had jobs until Republicans wrecked the economy. Telling them now that it is their own fault and they have to starve is a bit harsh, don’t you think?

@igolfleft

a lot of those people had jobs until Republicans wrecked the economy. Telling them now that it is their own fault and they have to starve is a bit harsh, don’t you think?

Any private sector job gains whatsoever must be considered a bonus in the face of this administration’s anti-business policies and actions. In any case, the private sector is unlikely to expand significantly during the next four years.

@Bubba311, please give specific examples of ‘this administration’s anti-business policies and actions’, it is very easy to make a statement like that, but a lot harder to prove it.

“In a separate report, the Labor Department said initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 372,000 last week.”

Now the “Weekly New Claims” is almost a footnote to the jobs number?

Harry079

“In a separate report, the Labor Department said initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 372,000 last week.”

Also in that seperate report it said the previous week’s numbers were wrong there was an actual -12,000. WORSE THAN THIS WEEK. Had to have support for obama’s “fiscal plan” so the media lied about it. Just like the election. I can not believe there are people out there still STUPID enough to fall for this guy’s, obama’s, lies.

Some perspective for December 2012

Over 1,400,000 people lost their jobs.

Over 300,000 people retired and went on Social Security.

Over 200,000 people over age 55 died.

@Harry and bobber, that is why using the 4 week moving average is better, as it ‘smooths’ out the week to week numbers that can have a lot of variability. Statistics 101. But you all are right it is just some vast ‘left-wing media conspiracy’.

@bobber1956, and I got a good job a few months into his Presidency, and I am a ‘white guy’ too. Maybe you should start looking inwards for your job troubles instead of blaming the President. And this whole ‘gifts’ argument is becoming tiresome, but it does show how out of touch with reality you, and others on the right, actually are.

USAPragmatist, Some specific examples of an anti-business administration:
- Dodd-Frank;
- Consumer Financial Protection Bureau;
- GM bailout: union jobs and benefits/ gov’t acquired equity and bondholders took a bath;
- Supporting unions in Boeing’s attempts to relocate manufacturing to SC, a right to work State;
- Increased NLRB oversight;
- Obamacare;
- Tax hikes > $400K affect small businesses who file personal returns;
- Increased EPA regulations;
- Roadblocks to offshore drilling
- Keystone pipeline

Need more?

@PKFA, I could argue that every one of those you mentioned actually helps businesses because they provide for a more robust/balanced economy. For example ‘Obamacare’ well help the average business lower their healthcare costs.

Obama is a good President and I’ll be voting for him again in 2012. Oh wait. That happened. And he won.

Good times. Happy New Year to all!

Probably all seasonal adjustments.

Jobs are in China

@USAPragmatist: You can’t be serious! Thank you for a lunch break chuckle.

PFKA, how is Dodd-Frank ‘anti-business?’

It’s now harder for banks to secretly spend their depositors’ money on real estate in Las Vegas? Poor banks :)

Can you give us an example of banks that have failed to thrive, or gone out of business as a result of Dodd-Frank? This otta be good.

If a four week moving average is better than let’s look at 2012 as a whole.

Over 15 Million workers lost their jobs and over half of those are still jobless.

Over 3.5 million people retired and went on Social Security.

Over 2 million people over 55 died and no are longer with us.

75% of the workers that got a job in 2012 are making at least 30% less than their previous jobs.

@PKFA, Well it is true, do not blame me because you vilify instead of knowing what a bill actually does.

Strap yourself in 2013 is here…it won’t get better anytime soon…enjoy the next 4 years

PFKA, we’re still waiting for those examples of how Dodd-Frank is a business killer. Have you come up with a list yet of the businesses which have been killed by Dodd-Frank? Hello?

Bubba311 wrote:
“Any private sector job gains whatsoever must be considered a bonus in the face of this administration’s anti-business policies and actions.”

PKFA wrote:
“USAPragmatist, Some specific examples of an anti-business administration”

“American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago” -> http://www.nytimes.com/2010/11/24/business/economy/24econ.html?_r=0

“By the end of next week, AirlineFinancials.com is projecting the seven largest U.S. airlines will have collectively reported $2.0 billion in profits from $37.1 billion in revenue for the second quarter. This will be a record for second-quarter revenue and the second-highest Q2 profit since the 1990s.” -> http://247wallst.com/2012/07/18/major-u-s-airlines-projected-to-post-record-revenue-and-near-record-profits-for-q2/#ixzz2GyzLnJCX

“Net farm income is expected to hit $122.2 billion this year — a nearly 4% increase from last year and the highest on record.” -> http://money.msn.com/top-stocks/post.aspx?post=68594560-2c7d-4b6c-a1df-76d0a7fe8367

“Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before.” -> http://www.businessinsider.com/corporate-profits-just-hit-an-all-time-high-wages-just-hit-an-all-time-low-2012-6#ixzz2Gz0AvGl7

“The 500 largest US companies piled up record profits last year, despite a lackluster economy, and energy giant ExxonMobil ousted Wal-Mart as the biggest revenue maker, Fortune magazine said Monday.

The combined earnings of the Fortune 500 corporations rose 16 percent from 2010 to a record high of $825 billion in 2011, the magazine said.” -> http://www.google.com/hostednews/afp/article/ALeqM5gbj6XIng0Cu2YL2nn9uBvWN74EgA?docId=CNG.3b6426af1a176d2c5108891890072a79.101

In the real world, US businesses are making record-breaking profits, yet the right-wing conclude that Obama is anti-business?

Ask those businesses whether they prefer the record-breaking profits they are enjoying under Obama, or the recession they had under the allegedly ‘pro-business’ Republicans…

bobber1956 wrote: “Had to have support for obama’s “fiscal plan” so the media lied about it. Just like the election. I can not believe there are people out there still STUPID enough to fall for this guy’s, obama’s, lies.”

Lol. Yeah bobber, keep telling yourself the numbers are fake. That worked out so well for you guys in the election…