U.S. jobs losses/gains in perspective

Discussion in 'Politics' started by gymfresh, Feb 17, 2010.

  1. gymfresh

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    U.S. Bureau of Labor statistics data have been released that now cover the period up to one year from the change of administration in the White House.

    To convey a clearer idea of what the jobs gain/loss picture looks like over the past 2 years (26 months, actually) using the BLS data, Organizing for America prepared a graph. While U.S. households are still suffering, there seems to be a general sense that overall conditions have stabilized. Put another way, things could be a lot worse at this point. Most people recognize this.

    The economy is indeed on the mend, and business confidence is strengthening. The Stimulus Act has played a role in the creation of nearly 2.5 million jobs and communities across the country are seeing badly neglected infrastructure finally getting attention. Work has begun on hundreds of public works projects to repair existing infrastructure or jump-start stalled but essential plans. This includes roads, bridges, airports, mass transit, education, technology upgrades and much more.

    A page summarizing milestones at year one is here.
     
  2. SpeedoMike

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    when all is said and done, isn't the number of unemployed people most important? changes in the number of newly unemployed still means there are newly unemployed.
     
  3. D_Tully Tunnelrat

    D_Tully Tunnelrat New Member

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    Yeah in point of fact, Gerald Seib of the WSJ, who's generally vehemently anti-Obama, pointed this out in his column today. It was a bit of a back handed compliment, but still when even the uber right acknowledge the stimulus was not as wasteful as they originally excoriated the Dems for, it's a sign of progress. With only 40% of the stimulus being spent so far, one can only hope that more jobs will open in the coming months. Today's Fed raising of the discount rate, also confirms the general uptick in the economy. Let's hope it continues.
     
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