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


Aug 2, 2013 12:54PM
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
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
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

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
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

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


Barrack Obama-worst president ever. 

Aug 2, 2013 9:43PM
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
Be sure and read it here on Obama owned MSN so that you get the truth!
Aug 2, 2013 5:34PM

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

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



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.

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[BRIEFING.COM] The S&P 500 (-0.1%) continues hovering right below its flat line with heavily-weighted sectors like financials (-0.2%), industrials (-0.1%), and technology (-0.5%) pressuring the broader market.

On the upside, countercyclical telecom services (+0.6%) and utilities (+0.7%) sport solid gains, but the two groups carry little influence over the broader market since they represent just 5.4% of the entire S&P 500. Meanwhile, the top-weighted sector-technology-accounts ... More


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