Joe Weisenthal
The latest jobs report was a major disappointment, as the 80K number of net new jobs created was below the 100K that was expected, and well below any pace that will quickly reduce the unemployment number, which remains elevated at 8.2%.
And so we bring you the latest, updated version of this famous chart from Bill McBride at Calculated Risk, which shows the trajectory of the jobs decline (starting at the beginning of the recession) and the recovery, compared to all of the other post-WWII recessions.
Once again, the decline is far deeper than anything previous that we've seen, and the comeback remains bad.
Read more: http://www.businessinsider.com/chart-of-the-day-percent-job-losses-in-world-war-ii-recessions-2012-7#ixzz20C032VFD
By: marc1921
In: Other
Tags: jobs, obummer
Location: New York, New York, United States (load item map)
Marked as: approved
Views: 1007 | Comments: 23 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
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Steve Jobs *BOOM*
Thanks Obama
Filthy liar and a thief...
What happened to the $3.2 trillion dollar "jobs" "stimulus" bullshit? Where did our money go?
Probably enough money to give every man woman and child in America $10,000 each. Wouldn't that boost the economy more than Obama and his conga line of morons spending our money for us?
Obama is a failure, period.
To defend his administration at any level one needs to turn their brain inside out...
Posted Jul-10-2012 ByXyBerFuNK (1212.00) 
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@XyBerFuNK It's the false left/right paradigm idiot convention. Who made the mess Greenspan &the Bush/NeoCon McWar/housing bubble. Who started the bailouts Bush, what would happen without them, serious bitter medicine. Why can't anything be done about it corptocracy or if you like a slip towards fascism and the defiling of true market capitalism. Will Mit Mr magic underpants change a thing, no chance.
Posted Jul-10-2012 Byrozza2012 (392.78) 
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@XyBerFuNK $10 each.
Fail.
Posted Jul-10-2012 BySaros (797.80) 
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@rozza2012 Fascism = Socialism
Define your terms...
Posted Jul-10-2012 ByXyBerFuNK (1212.00) 
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@Saros Ok everyone over 30 years old then
You missed my point entirely...
Posted Jul-10-2012 ByXyBerFuNK (1212.00) 
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@XyBerFuNK Actually I fail -- it is $10,000. WTF!
Posted Jul-10-2012 BySaros (797.80) 
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terrible, just terrible
Posted Jul-10-2012 Bysarfuckingcastic (44.30) 
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Until folks wake up to the big ol slide towards classical fascism(the state & a select cabal of corporations gaming the economic and political market) not a damn thing will change, except maybe some more fake war, AKA like post 9/11.
Posted Jul-10-2012 Byrozza2012 (392.78) 
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The last four recessions get worse and worse.
Posted Jul-10-2012 ByChumCannon (1456.42) 
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@ChumCannon That's due to them kicking the can down the road instead of making the hard choices of cutting spending.
Posted Jul-10-2012 Bymarc1921 (1459.56) 
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Why???? because it is going up
Posted Jul-10-2012 ByTongueboy (3089.94) Tongueboy View Channel Send Message
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@Tongueboy
Look at the end point, chief. Your "going up" point is almost at the same point as the rock bottom of the other recessions.
Posted Jul-10-2012 Byjum_runky (1529.94) 
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@jum_runky But it is going up so things are getting better, not worse, right????????
Posted Jul-10-2012 ByTongueboy (3089.94) Tongueboy View Channel Send Message
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@Tongueboy
Do you see the steep spike out of recession for the other ones?
Now look at the slooooooooow slope out of this one.
The steep recoveries were because the administrations DID something useful.
Posted Jul-10-2012 Byjum_runky (1529.94) 
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@jum_runky Different times, different circumstances.
The fact remains we are recovering, not getting worse.
Posted Jul-10-2012 ByTongueboy (3089.94) Tongueboy View Channel Send Message
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Yeah that's bad. And when you consider how Obama's policies stopped the bleeding, it could have been a whole lot worse.
This chart from the same source:
http://4.bp.blogspot.com/-ZYogr0z_XLg/T_bck0ZollI/AAAAAAAAOC4/bsCJQpmtSWY/s1600/PayrollJune2012.jpg
Posted Jul-10-2012 BySaros (797.80) 
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