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June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

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June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by Guest on Sat Jul 09, 2011 11:34 am

Update: Somebody Do Something!

If there's a bright spot in today's terribly lousy jobs report, it's that it occurred before a weekend when the Obama administration and leading members of Congress are slated to meet on an issue of great urgency to the nation. It's just not exactly the right issue.

The president laid out a few ideas today, much like those from his press conference a week ago (see here for my take). I think he's on the right track -- clearly in "could" vs. "should" mode -- e.g., given the hemorrhaging of state and local jobs state fiscal relief would be a great idea. But it's an extremely heavy lift. (R's don't have much interest in supporting school teachers, cops, etc... and D's aren't anxious to send more money to R governors who complain about big gov't while they're cashing the checks.)

Along with the no-air-pocket strategy -- the payroll tax break and extended unemployment insurance run out at the end of this year and thus must be extended for another year -- we could use a significant infrastructure program.

http://www.huffingtonpost.com/jared-bernstein/june-jobs-report-far-wors_b_893118.html?ref=tw

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by gettheminNOVEMBER on Sat Jul 09, 2011 11:44 am

•Underemployment, including the 8.6 million "involuntary part-timers" (meaning they want, but can't find, full-time work), was 16.2%, up from 15.7% in March;

The 16 billion dollar question is will they help the 99ers or just extend dates? If they help the 99ers the real unemployment rate will be know which is now 16.2%

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by Guest on Sat Jul 09, 2011 11:53 am

gettheminNOVEMBER wrote:•Underemployment, including the 8.6 million "involuntary part-timers" (meaning they want, but can't find, full-time work), was 16.2%, up from 15.7% in March;

The 16 billion dollar question is will they help the 99ers or just extend dates? If they help the 99ers the real unemployment rate will be know which is now 16.2%

The provisions of HR 589 MUST be included in any further extensions!


Did I say that loud enough?????????

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by gettheminNOVEMBER on Sat Jul 09, 2011 12:02 pm

DesperateInRI wrote:
gettheminNOVEMBER wrote:•Underemployment, including the 8.6 million "involuntary part-timers" (meaning they want, but can't find, full-time work), was 16.2%, up from 15.7% in March;

The 16 billion dollar question is will they help the 99ers or just extend dates? If they help the 99ers the real unemployment rate will be know which is now 16.2%

The provisions of HR 589 MUST be included in any further extensions!


Did I say that loud enough?????????

cheers If I was rich I would fly that as a banner over the white house. Maybe not over it since I would be shot down but you get the idea. What a Face

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by Redpossum on Sat Jul 09, 2011 2:37 pm

DesperateInRI wrote:
gettheminNOVEMBER wrote:•Underemployment, including the 8.6 million "involuntary part-timers" (meaning they want, but can't find, full-time work), was 16.2%, up from 15.7% in March;

The 16 billion dollar question is will they help the 99ers or just extend dates? If they help the 99ers the real unemployment rate will be know which is now 16.2%

The provisions of HR 589 MUST be included in any further extensions!


Did I say that loud enough?????????

No! You need 72-point screamer type Very Happy Very Happy Very Happy

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by Jobless_in_Ma on Sat Jul 09, 2011 3:59 pm

At least they are acknowledging the need for extending benefits. The 99ers MUST be included in any extensions.

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Thanks to all members for participating in the discussions.

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by Rose on Sat Jul 09, 2011 4:11 pm

The last 2 months or more. It has gotten worse and will continue to do so. We need help as a whole they need to address this as a whole with 99ers included.

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

Post by Guest on Sat Jul 09, 2011 5:57 pm

Jobless_in_Ma wrote:At least they are acknowledging the need for extending benefits. The 99ers MUST be included in any extensions.

If the msm continues to report on the disgust of the American people over the childish bickering in DC and continues to hammer home the unemployed, the lack of jobs and the fact that all the polls indicate people want jobs, not this nonsense, we must might have a chance at getting some help or at least a real jobs program.

Fact, they have to raise the debt ceiling or risk default, some same bulloney, most say it is fact, has to be. Do it, stop wasting time. Make your Debt Reductions where they belong, in a Debt Reduction forum commission, that they all agreed to and then walked out of. It doesn't belong with the Debt Ceiling. Two seperate issues.

Unemployment Extensions, 99ers and Job Creation Legislation, seperate bill. Done. See how easy that was.

These things are seperate issues and need to be handled as such. This way of doing things and combining bills so that every party feels good because they received a little something is the very thing that causes wasteful spending in legislation. We have unemployment extensions and Tax Extensions and agri extensions rolled into the same bills and we pay some of these things two and three times because there is no way for someone to really keep a handle on the amount of items the Federal Government pays because they are on 50 different bills. It's stupid. Do the debt ceiling and get back to the business of the People. Rushing through critical legislation regarding the default is stupid all by itself. Last time they rushed through financial legislation, well we all know who benefitted there, and the Dems were not allowed to attach restrictions. Social Security, Medicare and Medicaid are critical elements in this country, they deserve critical attention. Could there be wasteful spending among them, probably, like I said, who knows what else is attached to it, should it be looked at, really they should all be looked at every year, not from a cutting back standpoint, but seriously, would any of us just pay bills and not really know what exactly we are paying, Federal Govt does all the time. If they truly want to reduce the deficit, start looking at everything they pay, I bet they find waste everywhere and they know it. Cutting Social Security and Medicare and Medicaid have nothing to do with cutting the debt, they don't like these programs and want them gone, just as they always have and wanted to privatize them. Just think of what could have happened had they done it, 2008, everyone would have been a "99er". Here is a perfect example for which I have had some recent experience. A retired person has primary healthcare and Medicare. They go to the cardiologist. The cardiologist bills the primary, who pays their portion and returns the bill to the cardiologist. The cardiologist then forward the bill to medicare, who makes the payment and forward it to the cardiologist. Medicare is bare bones administratively, so when all this is said and done, it may take up to three months for the cardiologist to be paid. The federal government issues a payment in the interim to many medical practices across the country so that they are not waiting months and months for their money. This is not a joke, it's for real. Now, I use this example as waste because, if you think about it, instead of issuing interim payments, that no one knows are being fully checked and things do get missed, wouldn't it be easier to hire a few more administrators to handle the volume of claims and payments. But, because Medicare is so hated by some of our legislators, they run at bare bones administratively to keep costs low. Then the Drs. get their friends and lobbyists and they go after Congress to help them. Right before they extended unemployment last December, they pulled this line item from 4213 and passed it seperately as the medical community was screaming.

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Re: June Jobs Report -- Far Worse Than Expected (Update 7/9 - a "hint" of good news!)

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