It must be Santa Clause, the tooth fairy and Dumbledore that has created more jobs since 1983 in one month? Almost one million jobs.
This report is a tale of two labor markets. At this pace of job creation, the unemployment rate should be barely drifting lower given underlying demographic trends. In contrast, the household survey painted a picture of a sharply falling unemployment rate—down 1.2% points over the last 12 months. We believe part of the drop in the unemployment rate over the last two months is a statistical quirk (the household data show an increase in employment of 873,000 in September, which is completely implausible and likely a result of sampling volatility). Moreover, declining labor force participation over the last year (resulting in 1.1 million people disappearing from the labor force) accounts for much of the rest of the decline. See more here
Where are the jobs? Who’s working there? Who has hired almost 1 million people? Anybody know?
At no time in HISTORY HAS THAT MANY JOBS, ever been created–except in 1983. Do you remember who was President?
The Chicago Mob created a new narrative. “We lost the debate, so let’s just change the story.” If you think for one minute this President cares about you, our debt, and real jobs think again.
Let’s talk about some real truth. Who’s laying off?
- Bank of America announced it will lay off 30,000 workers–new plan is Project New BAC
- American Airlines 11,000 workers
- Goldman Sachs is cutting it’s 2 year analyst program – 400 workers
- Alpha Natural Resources will lay off 1200 workers and blames Obama
- Ashford University will lay off 450 workers
- Mohegan Sun & Tribal Gaming will lay off 300
- Google is laying off 20% of it’s workforce–4000 jobs
- Rockwell Collins 1000 jobs cuts
- ProMOS Technologies 1360 job cuts
- Kodak 1000 job cuts
- Anglo American Platinum 12,0000
Thousands upon thousands will be layed-off as soon as Obama is re-elected from (but none of them know it!):
- Science Applications International Corp.
- BAE Systems Information Solutions Inc.
- Sotera Defense Solutions Inc.
- Lockheed Martin Integrated Systems Inc.
- ManTech Sensor Technologies Inc.
- Northrop Grumman Systems Corp.
- CACI Technologies Inc.
- CGI Federal Inc.
This is just to name a few. The amount of lay offs is depressing. Go do the legwork. These guys will do anything to win an election, not govern, and sell out America.
Over the last nine months, our President met twice with his cabinet and not once with the jobs council.
In terms the auto bailout, let’s look at what was done with General Motors and Chrysler which is headed for bankruptcy again?
Investors lost everything. Instead of renegotiating union contracts, the administration gave the unions control over the companies. In other words, the administration didn’t bail out the companies; it bailed out the unions at the expense of the stockholders and bondholders–they lost everything.
Why didn’t they just re-negotiate the union contracts? This White House is trying to be in business and they know nothing about it. They stole the company from the investors to make sure the unions got what they wanted. It was a managed bankruptcy. He vilifies business–the engine of growth.
Do you think his team isn’t going to make up numbers to win? Seriously?
For someone who says he cares about the debt, he is the FIRST PRESIDENT TO NEVER EVER SIGN A BUDGET. Oh, and who’s fault is that? If you can’t work well with others–it’s YOUR FAULT. He cannot lead us out of a paper bag…
So his team has resorted to lying.
(On a side note, I AM AN INDEPENDENT. I have voted for both sides of the aisle my entire life. Do not care about the GOP or DNC. )