Comments on: Jobless Recovery Update

By: John A. Kalb

John A. Kalb — Wed, 30 Nov -0001 00:00:00 +0000

Dude,

You should have read the AP article. It pointed out that the Household Survey says that 496,000 jobs were created last month- http://apnews.myway.com/article/20040206/D80HSO483.html

By: Kevin Murphy

Kevin Murphy — Wed, 30 Nov -0001 00:00:00 +0000

They get away with this because job losess and job gains trail economic changes. As conditions worsen, employers try several things before they actually start firing people, something they don’t want to do. As conditions improve, they delay on hiring, trying other things, as they do not want to bulk up just to fire again.

So, Clinton’s recession may have led to inevitable job losses, but they happened some time later, after he left office. He also got the delayed gains credited for the recovery that sttarted on Bush Sr’s watch.

And, of course, if Kerry wins, he’ll get the same boost….

All economists know this, but some forget it when it harms their argument.

By: Patrick

Patrick — Wed, 30 Nov -0001 00:00:00 +0000

Good post Xrlq. Man these people really bug me. That Herbert Hoover line is one of those catch phrases of the anti-Bushies.

By: Insults Unpunished

Insults Unpunished — Wed, 30 Nov -0001 00:00:00 +0000

Unemployment Drops To 5.6%
WSJ.com – Payrolls Grow by 112,000 Jobs As Unemployment Rate Drops This is a surprisingly sour report given that the unemployment rate dropped to 5.6% and the economy created 112,000 new jobs. The jobs number didn’t “meet expectations” and the…

By: The Review

The Review — Wed, 30 Nov -0001 00:00:00 +0000

Bear Flag Roundup
There is a serious amount of good blogging going on with the Bear Flag league. Here’s a few samples. Baldilocks writes that it’s amazing the way the human mind works. Selective, too. Blogospherics couldn’t resist the pressure, and finally commented…

By: Your Daily Prescott

Your Daily Prescott — Wed, 30 Nov -0001 00:00:00 +0000

I’ve got a job. You?
Xrlq does a bit of a fisking of an Ass. Press article about the so-called jobless recovery. Oh man, I’m gonna have to add that and the Herbert Hoover line to my list of words and phrases all good liberals…