Where some people come up with the justification for their articles, I am just not sure. I guess they found yet another flawed poll, or better yet just made up their statement and decided that if they put it out with some bogus numbers that the public would buy it hook line and sinker and perhaps come back later and assume that whoever made the statement must have been an expert (as well as clairvoyant).
Try working with real numbers though and things are definitely different and much more positive for the workers and employees in the U.S.A.
For example, the news this a.m., at The Washington Times that is found in the article with this good news headline: Unemployment falls; wages up 4 percent.
Read through the article just a little for the good news here:
The nation's unemployment rate fell to 4.6 percent last month, down from 4.7 in August, and average wages rose by 4 percent over the previous year -- the best performance for both measures in five years.
The monthly Labor Department report released yesterday revealed that 51,000 new jobs were reported last month, a disappointing figure, but job gains were stronger than reported earlier for the previous year and a half.
"The economy is actually stronger than these employment numbers suggest," said Bernard Baumohl, executive director of the Economic Outlook Group, a Princeton, N.J., economic-advisory firm. The figures were mixed and elicited widely varying reactions from financial markets and analysts.
The stock market declined after focusing on the weakness in job growth, which was the lowest new-jobs figure since Hurricane Katrina blew a hole in the economy last year, and included sizable job losses in manufacturing and retail trade as factories and stores continued to retrench.
A revision in the number of jobs created in August, to 188,000, and a huge revision adding 810,000 to the number of jobs created between March 2005 and March 2006 sparked fears of inflation in the bond market and suggested an underlying strength in the labor market that is unlikely to dissipate anytime soon.
"At the very least, this shows the soft landing is still on course," Mr. Baumohl said. "There is little to suggest that we are on the precipice of a recession."
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There's a lot more in the original article, some good and some bad. The thing that should encourage most people is that (like the news in my recent article Taxes on Corp. profits help fuel $200 B in deficit reduction ) most of the supposed bad news in the article comes from people that are overly pessimisstic about events in the economy -- most especially employment numbers.
Look into the clip above as an example, the pessimists MISSED (or just didn't want to acknowledge until much later) 810,000 jobs that had been added to the economy in a period of a year. That's a helluva lot of working people that didn't get counted, and many of those working people are obviously helping to add revenue to the economy and keep things moving along.
Though the current numbers say that August only brought 51,000 new jobs, there'll be a revision later that will probably find several thousand more jobs have created than were originally counted. That will all be happening even as some worry about the job reductions in the still bloated automotive industry, and in the computer and technology sector. While those sectors make the requisite adjustments and bring themselves into balance, the people that worked in those areas will move into other jobs as the economy keeps sailing along.
So, are there some that aren't happy about the U.S. economy and the Bush economic policies? Sure -- they're called Liberals and they really don't like good news in those areas.
