More mixed signals on jobs

Friday's jobs numbers included some disappointment. The unemployment rate fell, but so did the number of new jobs created.

By MSN Money Partner Aug 2, 2013 9:58AM

Here's a quick look at the economy since the last recession, by the numbers:

 

MSN Money graphic

VIDEO ON MSN MONEY

22Comments
Aug 2, 2013 12:54PM
avatar
Where is the graph asking if these numbers and reports have any credibility at all with the public...not here.
Aug 2, 2013 1:55PM
avatar
Things are going exactly as planned.  Nothing to see here.  Move along.

This is what happens when you strike "free trade" agreements with countries that don't have environmental standards, workers rights, pay their employees a living wage, and are rife with corruption.  Your manufacturing base evaporates taking the blue-collar middle class with it.  A service-based economy is not a viable and sustainable model for long-term economic health.  You have to actually produce products or your currency will slowly drain away.

It also does not help when the Treasury is printing money as fast as it can to prop up the economy and devaluing the currency.  It is now a house of cards that will collapse at some point.  When it does, the US will take the global economy down with it and this will be the 1930s all over again.
Aug 2, 2013 2:54PM
Aug 2, 2013 2:45PM
avatar
the ignorant people don't know the fed is pumping 80 million a month into the fed that is pushing the stock market along it would crash without the govt putting money in fed its all smoke and mirrors ask around the rich are fine the middle class and the poor are worse off than ever the govt is not posting the real numbers just walk around your avg mid to low income neighborhood and ask around they'll tell you the truth it sucks for avg joe workin for a living 7.4 % what a joke more like 14%
Aug 2, 2013 2:20PM
Aug 2, 2013 3:30PM
avatar

2013-08-01: Jobs recovery LOL, LOL!!

In a rebuttal to gainsaying that there is no connection between ObamaCare’s employer mandate and part-time job creation, Duke University researcher Chris Conover has discovered an astounding statistic.

Thus far in 2013, part-time job creation is more than quadrupling full-time job creation (defined by BLS data as 35 or more hours per week, even higher than the 30 hours or more per week that the PPACA stipulates). How extraordinary is that? What should immediately be obvious to even someone without a shred of statistical training is how deviant the 2013 experience is compared to the past. For every new FT job added to the economy, there were 4.3 PT jobs added! In most (non-negative) years, the ratio is the reverse: that is, there are typically 5 FT jobs added for every new PT job. Even in 2004—the year with the second-highest ratio during this time-frame–there were 2 FT jobs for every PT job, yielding a ratio of 0.5. Even if growth in PT vs. FT workers reverted to its historic pattern for the balance of 2013, the year’s average monthly ratio still would be four times as large as the 2nd highest ratio from 2004.

Aug 2, 2013 4:17PM
avatar
I think the nation worked much better when the economic illiterates were limited to complaining at there university cocktail parties. Now the economic illiterates occupy the executive branch of government and run our universities. That is why the economic prospects of both (universities and the federal government) are at best underwhelming.
Aug 2, 2013 4:33PM
avatar

No,no,no........can't blame Bush.

 

Barrack Obama-worst president ever. 

Aug 2, 2013 9:43PM
avatar
Why won't any of the reporting bureaus, financial writers or other so called economic gurus tell the truth about the jobs being created?  The majority of the jobs are in the service and retail industries which are generally low pay with minimal or no benefits.  Good paying jobs are being eliminated our outsourced and when replaced it is at a lower pay scale.  It is time the truth be told.
Aug 2, 2013 5:21PM
avatar
Be sure and read it here on Obama owned MSN so that you get the truth!
Aug 2, 2013 5:34PM
avatar

Simple math.

 

We are climbing out.

 

We have reason to be optimistic about our nations future. IF, and only if, we can clean OUR House of Representatives of the obvious waste and dysfunction.  

Aug 2, 2013 2:24PM
avatar

Classic Lady:Most of the media is right wing and dislikes the administration.If Obama was a Repub

the media would be mentioning the Dow up over 7,000 points and 37 straight months of job

growth every 2 seconds.This isn`t1980.The media is very right wing.

Aug 2, 2013 1:16PM
avatar

 

 

Look at the top graph and the extreme amount of job losses which began during the final year of the previous administration. Then look at the Gross Domestic Product graph and see the extreme drop in GDP, the most extreme loss of GDP since the Great Depression, which occurred in the final year of the previous administration. These two graphs define very well the financial and economic disaster which the Obama administration inherited from the previous administration. The worst recession in eighty years and what is now known as the Great Recession. The latest computer economic model I have seen indicates a more or less full recover to occur sometime in 2017.

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

RECENT QUOTES

WATCHLIST

Symbol
Last
Change
Shares
Quotes delayed at least 15 min
Sponsored by:

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] Precious metals climbed higher today on further geopolitical tension in Ukraine and Gaza. Headlines indicated that Russia's foreign minister reiterated his belief that the U.S. shares blame for the bloodshed in Ukraine. In addition, chatter circulated that Israel has officially rejected a ceasefire proposal.

Despite strength in the dollar index, Aug gold came off its session low of $1293.30 per ounce and rose as high as $1303.80 per ounce. It settled 1.0% higher at ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.