Posts Tagged ‘unemployment

08
Jan
16

Another History Making Jobs Report. Thanks, President Obama

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THIS. Thank you, thank you, thank you, President Barack Obama!

01
Dec
15

M.E. Dyson Misses Prez Obama’s Forest for Symbolic Trees

M.E. Dyson Misses Prez Obama’s Forest for Symbolic Trees

by @zizii2

Dyson says: “Yes She Can”

In this very title lies the crux of a derailed argument that Michael Eric Dyson’s latest travelogue pushes in the New Republic about President Obama vs. SOS Hillary Clinton. How does Dyson arrive at this grand flourish? He traveled with Mrs. Clinton from New York to Atlanta, observed her interaction with the “old Black Guard,” Black Lives Matter activists, and concluded: “Yes She Can.” Can, What? Stay tuned.

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But first, some cold hard FACTS before we indulge Dyson any further. In case he missed it, Prez Obama ALWAYS says: “Yes WE Can”, not “Yes I can”. He never lost sight of the collective effort required to drive the disparate gears that grind within this country toward the collective good.

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And Contrary to Dyson’s erasure of the Obama Administration’s tangible achievements for Americans, and especially minorities, this is where we have been these past 7 years in three key areas: a) Economy & Employment, b) Healthcare, c) Incarceration rates

Economy

1. We suffered a financial catastrophe in 2007-2008 that collapsed not only US economy but global financial system too. The American Recovery and Reinvestment Act aka Stimulus Package was passed in early 2009 to put a floor beneath the abyss that people were falling into. Unfortunately, many Liberals joined GOP to mock the unprecedented scope of the Stimulus and missed its remarkable successes . And as with most Obama policy successes, the real value of the stimulus has been better known to its enemies, than its beneficiaries. Here are the numbers:

Stimulus

2. At Prez Obama’s inauguration we were losing 800,000 jobs per MONTH! Unemployment rates skyrocketed to 10.1% before his 6th month in office. Today, after more than 13 million net jobs added that Jobless rate is at 5%. The rate for African Americans is higher but it has seen a dramatic decline.

Jobless rates

The wide differences in state level rates offer a more complex picture

AA trends
No doubt there is a persistent unemployment gap whose structural roots predate the Obama presidency. But trend lines are moving in the desired direction.

RAte of Black unemply recovery

More importantly this administration tackled one of the cankers at the heart of African American and other minorities’ joblessness and poverty rates: HEALTHCARE

Continue reading ‘M.E. Dyson Misses Prez Obama’s Forest for Symbolic Trees’

06
Nov
15

5% Unemployment. Thanks, President Obama

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Continue reading ‘5% Unemployment. Thanks, President Obama’

02
Jul
15

Thank You For The Jobs, President Obama!

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08
Mar
15

12 Straight Months Of Job Gains Above 200,000; Not Seen Since 1977. Thanks, President Obama

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Jason Furman: The Employment Situation in February

1. The private sector has added 12.0 million jobs over 60 straight months of job growth, extending the longest streak on record. Today we learned that total nonfarm payroll employment rose by 295,000 in February, largely due to a 288,000 increase in private-sector employment. Although private-sector job gains in December and January were revised down, the private employment gains over the past twelve months total 3.2 million—the largest 12-month increase since 1998. 4. The last time the private sector added more than 12 million jobs over five years was April 1996 to March 2001. There are some notable differences between the current stretch of job gains and the one from 1996 to 2001.

In particular, the manufacturing sector has added 877,000 jobs over the last five years, while it lost 255,000 jobs during the 1996-2001 period. Moreover, the private-sector job gains during the 1996-2001 period coincided with the addition of more than 1.5 million State and local government positions; in contrast, over the last five years, State and local government employment has on net fallen by 423,000 jobs. The two periods did, however, exhibit remarkably similar job growth in sectors like health care and social assistance, retail trade, and transportation and warehousing. Finally, it is worth noting that the two periods took place at different stages of the business cycle—in 1996, the economy was well into a period of sustained expansion, but in 2010, it was just starting to recover from the worst crisis since the Great Depression. That is why despite the progress that has been made, the President believes more must still be done to capitalize on the recovery and strengthen the labor market.

More here

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Continue reading ’12 Straight Months Of Job Gains Above 200,000; Not Seen Since 1977. Thanks, President Obama’

06
Mar
15

A Tweet Or Two

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Some days, Twitter can be magic🙂

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Continue reading ‘A Tweet Or Two’

06
Mar
15

An Improved Economy. Thanks, President Obama

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09
Nov
14

You Don’t Know What You’ve Got Until It’s Gone

Obama Facts

@RickStrandlof

03
Oct
14

Rise and Shine

On This Day: President Barack Obama, Vice President Joe Biden and Claire Duncan, daughter of Education Secretary Arne Duncan, watch a tennis match at Camp David, Md., Oct. 3, 2010. The President hosted cabinet members and their families for a Sunday gathering at the retreat (Photo by Pete Souza)

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Today (all times Eastern)

12:05: The President departs the White House

1:0: The First Lady appears on ABC’s ‘The Chew

2:0: The President arrives in Indiana

2:50: Tours Millennium Steel Service; Princeton, Indiana

3:05: Has a conversation with workers, Millennium Steel Service

5:25: Departs Indiana

7:15: Arrives White House

** The First Lady campaigns for Gov Martha Coakley in Boston and Gubernatorial Candidate Mike Michaud in Bangor today **

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New White House photos (and captions) here

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On This Day

Senator Barack Obama walks from his plane on October 3, 2008 after arriving in Philadelphia on his way to a rally in Abington, Pennsylvania

 A woman is overcome with emotion after meeting Senator Obama at a rally on October 3, 2008 in Abington, Pennsylvania

 Senator Barack Obama is photographed October 3, 2008 at the airport in Philadelphia before flying to Chicago

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President Obama congratulates Google Science Fair winners, from left, Naomi Shah, Shree Bose, and Lauren Hodge in the Oval Office, Oct. 3, 2011 (Photo by Pete Souza)

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First Lady Michelle Obama in Reno, October 3, 2012

First Lady Michelle Obama sits with White House Senior Advisor Valerie Jarrett before the Presidential Debate at the University of Denver on October 3, 2012

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 MoooOOOooorning!

12
Aug
14

Want A Growing Economy? Elect A Democrat

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Josh Boak: U.S. Job Openings In June Hit 13-Year-Plus High

U.S. employers in June advertised the most monthly job openings in more than 13 years. Employers posted 4.67 million jobs in June, up 2.1 percent from May’s total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a positive sign that points to a strengthening economy. The report “provides further confirmation that the U.S. labor market has indeed shifted to a period of stronger growth,”

said Jeremy Schwartz, an analyst at the bank Credit Suisse. Known as the Job Openings and Labor Turnover survey or JOLTS, the report provides a detailed look at where employment might be heading. the pressure on employers to offer more generous wages could be increasing. On average, there are 2 unemployed workers for every job opening. That’s down from an average of 2.6 unemployed people per opening at the start of the year. As that ratio continues to fall, employers will likely have to boost salaries.

More here

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Lucia Mutikani: Fresh Data Shows U.S. Jobs Market Tightening

The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million in June, the highest level since February 2001. At the same time, hiring reached its highest point since February 2008. Job growth has topped 200,000 in each of the past six months, a stretch last seen in 1997.

The unemployment rate has declined to 6.2 percent from 6.7 percent at the end of 2013. Troy Davig, the head of research at the Kansas City Federal Reserve Bank, told Reuters on Monday that rising job openings suggested earnings growth was poised to move higher. “Faster wage growth certainly seems in the pipeline,” he said. “The labor market appears to be hitting a turning point.”

More here

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