Part of the reason the job’s report was disappointing was the fact construction cut 16,000 jobs and health care cut 6,000. Health care has been a growing sector for years making this unusual cut in jobs very surprising.
|By: dakine01 Friday September 6, 2013 1:30 pm|
Well the August Jobs Reports are in, and, as usual, the numbers were not as expected.
|By: Jon Walker Friday October 5, 2012 2:00 pm|
I can assume the Romney campaign and conservative groups are unhappy this morning that they can no longer legitimately use the line “unemployment still above 8 percent” in their ads.
|By: Jon Walker Friday September 7, 2012 5:00 pm|
The big story last night was President Obama’s speech but it is already starting to be overshadowed by the big story this morning, a very disappointing jobs report. This election is still primarily about the state of the economy and the data is not good.
|By: Jon Walker Monday April 9, 2012 9:20 am|
For the past eight months President Obama’s job approval rating has been steadily improving while his disapproval numbers have fallen by a similar amount, according to Gallup’s tracking. The turnaround for Obama’s approval started in mid 2011 and closely mirrors the same turnaround in economic confidence that began in mid 2011. “It’s the economy, stupid.”
|By: Dean Baker Saturday January 7, 2012 11:00 am|
Economists tend not to be very good at economics. We know this because almost none of them were able to see the $8 trillion housing bubble that was driving the economy from 2002 to 2007. This was an oversight of astonishing importance, sort of like a physicist not noticing gravity.
|By: Peterr Friday September 2, 2011 4:14 pm|
The Markets and the Financial Media were stunned by the August Jobs report, which said there were no net jobs created in August. Whatever gains there have been in certain sectors of private industry, every parent in the country with school-age kids can tell you how a sizable chunk of those gains were erased.
Cuts to school budgets.
Serious business leaders know that poor schools today means less qualified workers tomorrow. Local chambers of commerce get it, but if you expect the US Chamber of Commerce to come out in favor of more actual spending for school districts . . . well, I’ve got an abandoned school building to sell you.
|By: Jon Walker Sunday June 5, 2011 5:00 pm|
At a recent meeting with House Democrats, President Obama shot down the members’ hopes that he might step up his rhetoric against the Republicans. He’s concerned how the markets would react.
|By: dakine01 Friday June 3, 2011 4:46 pm|
We are silent in that we do not have the resources to hire battalions of lobbyists to offer bribes campaign contributions that would allow us to gain a voice inside the beltway.
|By: Jon Walker Friday August 6, 2010 8:45 am|
That latest job numbers are bad news for the country, and, as a result, bad news for the incumbent political party, which will inevitably feel the brunt of voter anger over the economy.