The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label unemployment rate. Show all posts
Showing posts with label unemployment rate. Show all posts

Friday, December 2, 2016

November Jobs Report and Unemployment Rate.

As we move out of the Obama Administration, let's place a mark here with the November Jobs report and unemployment rate.

We will wager these numbers won't get any better under the Trump Administration.

Steve Benen for MSNBC wrote:
The Bureau of Labor Statistics reported this morning that the U.S. economy added 178,000 jobs in November. The unemployment rate, meanwhile, continues to improve, dropping from 4.9% to 4.6%. It’s the 14th consecutive month the rate has been at 5% or lower – and the lowest jobless rate Americans have seen since August 2007. 

As for the revisions: September’s job totals were revised up, from 191,000 to 208,000, while October’s were revised down, from 161,000 to 142,000. Combined, that’s a net loss of 2,000. 

Over the last 12 months, the overall economy has created 2.25 million new jobs, which is a pretty healthy number. And with one month remaining in 2016, the U.S. remains on track to create over 2 million new jobs this calendar year. What’s more, November was the 74th consecutive month of positive job growth, which is the longest on record.


Wednesday, January 15, 2014

Fact Check Dot Org...Obama's 2013 Numbers (Updated January 2014)

Re-post from Fact-Check Dot Org with permission.

Obama’s Numbers (January 2014 Update)

Latest statistics show stagnant wages, persistent long-term joblessness, soaring profits and stock prices, and moderating health care spending.


Saturday, May 25, 2013

Forbes Speculates On Obama As Best Economic President!


The Forbes Magazine piece posted below is an excerpt from a Forbes Magazine, Leadership, article.  If you read the TPI, you know our position on the Obama presidency. We have issues with some decisions from the Nation's 44th President, but overall he has been a "godsend" to our nation.

The PCTC Blog occasionally updates the most comprehensive archive of President Obama's accomplishments. PCTC developer Milt Shook granted permission to link to the blog, so find our latest post here.

Keystreet published a list of Obama accomplishments over the first three years of his presidency.  We reposted the piece in August, 2011. One last archive: Commander-in-Chief for Turbulent Times

On a daily basis, Republicans, many Independents and misguided Democrats (although few in number) question of Obama's leadership. They naysayers are either oblivious to information beyond the programmed propaganda of Fox News, or they do not wish to face the reality of Obama as a leader. 

While serious investors regardless of their politics and social views know Obama has "carried their freight", others fall for the rhetoric from the "daily carolers of doom." Don't be a caroler of doom. the Forbes piece is as basic as it gets in answering the question..... 

Economically, Could Obama Be America's Best President?

5/16/2013 @ 3:38PM 

Official photographic portrait of US President...
Official photographic portrait
of US President Barack
Obama (born 4 August 1961;
assumed office 20 January 2009)
(Photo credit: Wikipedia)

With the stock market hitting new highs, some people have already forgotten about the Great Recession.

Recall 2009. Things looked pretty bleak economically.

But the outlook has changed dramatically in just 4 years. And it has been a boon for investors, as even the safest indices have yielded a 250% return (>25% annualized compound return:)

Growth of $1,000 ChartSource: Bulls, Bears and the Ballot Box at 

Additionally, unemployment and consumer confidence trends have reversed direction and are improving:

Since this coincides with President Obama’s first term, I asked the authors of “Bulls, Bears and the Ballot Box,(available on and which I reviewed in my October 11, 2012 column,) to capture their opinions on how much Americans should attribute the equity upturn, and improved economic prospects, to the President as we enter his second term. 
Interview with Bob Deitrick, co-Author “Bulls, Bears and the Ballot Box” (BBBB): 
Q- Bob, how much credit should Americans give President Obama for today’s improved equity values? 
BBBB – Our research reviewed American economic performance since President Roosevelt installed the first Federal Reserve Board Chairman – Republican Marriner Eccles.  We observed that even though there are multiple impacts on the economy, it was clear that policy decisions within each administration, from FDR forward, made a clear difference on performance. And relatively quickly. 
Presidents universally take credit when the economy does well (such as Reagan,) and choose to blame other factors when the economy does poorly (such as Carter.)  But there was a clear pattern, and link, between policy and financial market performance. 
Although we hear almost no one in the Obama administration taking credit for record index highs, they should.   Because the President deserves attention for how well this economy has done during his leadership. 
The auto rescue plan has worked.  American car manufacturers are still dominant and employing millions directly and in supplier companies.  Wall Street reform has been painful but it has re-instated faith amongst investors.  The markets are far more predictable than they were four years ago, as VIX numbers demonstrate greater faith and less risk. 
Even for small investors.

Eye On Housing
New Home Sales in April – Steady Progress 
May 23, 2013
Newly constructed single family homes sold at a seasonally adjusted annual rate of 454,000 in April, as reported in the joint release of the US Census Bureau and the US Department of Housing and Urban Development. This is a 2.3% increase from the upwardly revised pace in March and represents steady progress as the housing market recovers from the post-boom crash.

White House Dot Gov Infographic (CLICK)

 Michigan University Institute for Social Research

The December 31st renewal of the Payroll, Tax, clearly shows as a kink in progress towards 2007 levels.

The Economic Populist

Wanted Analytic Dot Com 

          Hiring Demand for the Manufacturing Industry
Hiring Demand for Manufacturing Jobs

   Unemployment Rate

US Unemployment Rate Facts

Clinton - Unemployment Rate fell from 7.2% to 4.2% - 3%

Bush -Unemployment rate rose from 4.2% to 8.3% +4.1%

Obama - Unemployment rate to date has fallen from 8.3% to 7.8% -0.5% (Actual May 1, 2013 rate: 7;5%)

Maybe, Obama's economic prowess and success is the result of reaction to and strategy towards avoiding a Great Depression.  The extent of his economic success is actually irrefutable. 


Friday, March 8, 2013

Unemployment Rate Dips To Lowest Level in Five Years!

The February unemployment rate takes a pleasant dip to 7.7 per cent. The private sector added 236,000 jobs while the public sector loss 10,000 jobs.

Calculated Risk Blog Dot Com
"This was a fairly solid employment report and better than expectations. I'll have much more later ..."
From the BLS

Total nonfarm payroll employment increased by 236,000 in February, and the unemployment rate edged down to 7.7 percent ...

The change in total nonfarm payroll employment for December was revised from +196,000 to +219,000, and the change for January was revised from +157,000 to +119,000.
Read more at (three additional related charts)

CNN Money: Check Unemployment in your state.

Reaction from the Right. How seriously sad!

The inimitable Fox News and its (extremely cerebral morning crew)

"Fox Tells Viewers To Take Lowest Unemployment Rate Since 2008 With A Grain Of Salt"

Glenn Beck's The Blaze: 

Speaker Of The House John Boehner (subdued, but certainly not a happy statement)

The lowest Unemployment rate in five years and we cannot get anymore than a shrug from the Right!  

As a matter of information, we find value in posting a November 2012 CNN report about how the Unemployment numbers and reports are developed. Ali Velshi and Christine  Romans. Linked

The WONKBLOG adds more to jobs and unemployment (It is not all great news)

Friday, February 3, 2012

Unemployment Rate Down to 8.3%

The Economic Populist/ASP Unemployment Report

ADP Employment Report - 170,000 Private Sector Jobs for January 2012
Submitted by Robert Oak on Wed, 02/01/2012 - 12:26

ADP employment report jobs Labor Economics payrolls private sector.

ADP, released their proprietary private payrolls jobs report. This month ADP is reporting a gain of 170,000 private sector jobs in January. December 2011 was revised down from 325,000 to 292,000. In contrast, the BLS reported 212,000 private sector jobs for December 2011. Graphed below are the reported private sector jobs from ADP. This report does not include government, or public jobs.

Read More.....


Firedog Lake Reports

Another solid jobs report ticked down the topline unemployment rate two notches to 8.3%. The economy added 243,000 jobs in January, with slight revisions upwards for November and December, and an annual benchmarking process also generally revised employment upward slightly.
Read more..... 

Friday, December 2, 2011

BREAKING NEWS: Unemployment Rate Drops

Cross posted from

December 2, 2011

The Bureau of Labor Statistics reports the US Unemployment Rate dropped moderately during the month of November. Make no mistake, we continue to expect improvement  in  the  unemployment rate, but he fact that 13 million people are officially  out of a job is not good for the nation in any way.

When reporting on unemployment figures, we must always  remain mindful that large numbers of people have dropped out of the realm of trackable data. Nonetheless, the figures are as they are; reflecting improvement.

The BLS reports……
The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment rose by 120,000, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in retail trade, leisure and hospitality, professional and business services, and health care. Government employment continued to trend down.
As the day progresses we will report more reaction to the rate change.