VIDEO ON MSN MONEY
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.
No,no,no........can't blame Bush.
Barrack Obama-worst president ever.
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.
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.
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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