Unemployment Rates
March 1997 - 4.5 - Whites
March 2007 - 3.8 - Whites
March 1997 - 10.7 - Blacks
March 2007 - 8.3 - Blacks
March 1997 - 8.6 - Latinos
March 2007 - 5.1 - Latinos
Wage Growth - Lower-Tiered Workers
March 2001 - $14.42 - avg. hourly wages
March 2007 - $17.22 - avg. hourly wages
19.4% - Nominal wage growth - 3/01 - 3/07
15.5% - Total consumer inflation rate - 3/01 - 3/07
Net Job Growth: March 2006 - March 2007
1,963,000 - Net payroll job growth (163,000/month)
2,574,000 - Net overall job growth (214,000/month)
Private vs. Public Sectors - Net W-2 Job Growth
Regarding that net gain of 1,963,000 payroll jobs over the past year:
Private Sectors - 85%
Government - 15%
Go figure.
* * *
Source: Department of Labor, Bureau of Labor Statistics.
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Filed under:
Economics
Comments (19)
Is 15% more or less than th... (Below threshold)1. Posted by kim | April 6, 2007 9:38 AM | Score: 0 (0 votes cast)
Is 15% more or less than the government's share of the economy?
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1. Posted by kim | April 6, 2007 9:38 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 09:38
2. Posted by John in CA | April 6, 2007 9:47 AM | Score: 0 (0 votes cast)
That's what I missed from your PoliPundit days.
2. Posted by John in CA | April 6, 2007 9:47 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 09:47
3. Posted by Tom Blogical | April 6, 2007 9:55 AM | Score: 0 (0 votes cast)
Good stuff, Jayson.
3. Posted by Tom Blogical | April 6, 2007 9:55 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 09:55
4. Posted by yetanotherjohn | April 6, 2007 10:01 AM | Score: 0 (0 votes cast)
I blame Bush. He should get just what he deserves for what he's done to this economy.
4. Posted by yetanotherjohn | April 6, 2007 10:01 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 10:01
5. Posted by philw | April 6, 2007 10:07 AM | Score: 0 (0 votes cast)
Factual proof that Bush hates white people.
Look how much less percentage wise that he reduced unemployment rates for whites vs blacks and hispanics.
What a racist bastid.
5. Posted by philw | April 6, 2007 10:07 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 10:07
6. Posted by jhow66 | April 6, 2007 11:00 AM | Score: 0 (0 votes cast)
Hey hey STOP!!! You are putting out facts. Don't you know that your facts will cause all the whinners here run and hide. That like putting a cross in the face of the devil.
6. Posted by jhow66 | April 6, 2007 11:00 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 11:00
7. Posted by Lorie Byrd | April 6, 2007 11:08 AM | Score: 0 (0 votes cast)
So, the unemployment rates in 1997 for blacks, Latinos and even whites were significantly higher. Who was president in 1997? Oh yeah, the president who supposedly brought us the best economy in the history of the world. Facts are stubborn things. Good stuff Jayson.
7. Posted by Lorie Byrd | April 6, 2007 11:08 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 11:08
8. Posted by metprof | April 6, 2007 11:44 AM | Score: 0 (0 votes cast)
Nice Jayson, but you forgot to post the numbers versus Herbert Hoover's. After all, "this is the worst economy since Herbert Hoover". LOLOLOL
8. Posted by metprof | April 6, 2007 11:44 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 11:44
9. Posted by kim | April 6, 2007 11:47 AM | Score: 0 (0 votes cast)
Don't it always seem to go?
=================
9. Posted by kim | April 6, 2007 11:47 AM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 11:47
10. Posted by _Mike_ | April 6, 2007 12:32 PM | Score: 0 (0 votes cast)
Let's not forget the 'Liberals' favorite meme from 2003/2004 - the 'Jobless Recovery'. Recall how they quickly attributed the decrease in the jobless rate to 'discouraged workers', who just quit looking for jobs.
When will 'Liberals' discover that economic cycles have phases?
Not how none of the usual trolls have ventured here. Hard data = troll repellent ?
10. Posted by _Mike_ | April 6, 2007 12:32 PM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 12:32
11. Posted by bryanD | April 6, 2007 6:41 PM | Score: 0 (0 votes cast)
Two weeks ago Fed Chairman Bernanke mentioned that the service sector comprised 80% of the US economy.
This week the economy of the EU surpassed that of the US. This despite the EU's strong trade unions, a less than 40 hour week, compulsary month-long vacation time off (usually at the very same time, as tourists in summer can attest), and a number of recovering/rehabiliting states being subsidized. Mind you, this is in real capital assets, not paper.
Jayson, diagnosis, please.
11. Posted by bryanD | April 6, 2007 6:41 PM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 18:41
12. Posted by Herman | April 6, 2007 6:45 PM | Score: 0 (0 votes cast)
Ah, Jayson, you want us to ponder about "Bread Lines & Soup Kitchens" but YOU MISERABLY FAIL TO CONSIDER the most RELEVANT data!!! Any idea why, conservative??? WELL???? Cat got your tongue, Jayson????
Don't worry, I'll help you out:
Number of Americans with Income below Official Poverty Threshold, 1993: 39,265,000
Number below in 2000: 31,581,000
Decrease (1993-2000) 7.7 million (20 percent)
Number of Americans with Income below Official Poverty Threshold, 2005: 36,950,000
Increase (2000-2005) 5.4 million (17 percent)
source: http://www.census.gov/prod/2006pubs/p60-231.pdf
For you conservatives so love the poor, that you want to create more of them, right? It's a part of being a "compassionate conservative."
And next time, Jayson, before you write of "Bread Lines and Soup Kitchens," could you please consider data pertaining to those actually waiting in those lines? Is that too much to ask?
12. Posted by Herman | April 6, 2007 6:45 PM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 18:45
13. Posted by cadrys | April 6, 2007 7:28 PM | Score: 0 (0 votes cast)
Ah, there's some troll-spew now. Complete with hysterical use of bold and excessive punctuation.
Oh, and figures that stop two years before the ones under discussion. Yeah, let's compare the high-water mark of the dot-com bubble against a carefully chosen point of maximum shock value.
I rate your troll a 2/10. Try harder, and less screaming next time, OK?
13. Posted by cadrys | April 6, 2007 7:28 PM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 19:28
14. Posted by Steigen | April 6, 2007 10:36 PM | Score: 0 (0 votes cast)
Oh my gawd, it's all just wonderful.
14. Posted by Steigen | April 6, 2007 10:36 PM |
Score: 0 (0 votes cast)
Posted on April 6, 2007 22:36
15. Posted by Herman | April 7, 2007 9:52 AM | Score: 0 (0 votes cast)
cadrys, the Census Bureau reports on the poverty rate once a year for the previous year.
(see, for example, here: http://www.census.gov/hhes/www/poverty/poverty.html )
They haven't reported on 2006 yet (I suspect they'll do it around August). So data for 2005 is the most recent data available.
15. Posted by Herman | April 7, 2007 9:52 AM |
Score: 0 (0 votes cast)
Posted on April 7, 2007 09:52
16. Posted by kim | April 7, 2007 10:01 AM | Score: 0 (0 votes cast)
Steigen, your push poll is 'American Dreaming'.
============================
16. Posted by kim | April 7, 2007 10:01 AM |
Score: 0 (0 votes cast)
Posted on April 7, 2007 10:01
17. Posted by Eric | April 7, 2007 11:34 AM | Score: 0 (0 votes cast)
"This week the economy of the EU surpassed that of the US"
So? Measuring an economy is more than JUST the the size of the GDP.
Real GDP (2006): is 3.4% US vs. 2.8% EU
GDP per Capita(2006): $43500 (US) vs. $29300 (EU)
Inflation (2006): 2.42% (US) vs. 2.2% (EU)
Unemployment (2007): 4.4% (US) vs. 7.5% (EU)
Population below the poverty line: 11.4% (US) vs. 17.1% (EU)
17. Posted by Eric | April 7, 2007 11:34 AM |
Score: 0 (0 votes cast)
Posted on April 7, 2007 11:34
18. Posted by Les Nessman | April 7, 2007 7:28 PM | Score: 0 (0 votes cast)
"This week the economy of the EU surpassed that of the US"
Wow. It takes over 20 of the world's most advanced nations to equal the US?
We're even stronger than I thought.
18. Posted by Les Nessman | April 7, 2007 7:28 PM |
Score: 0 (0 votes cast)
Posted on April 7, 2007 19:28
19. Posted by _Mike_ | April 9, 2007 11:33 AM | Score: 0 (0 votes cast)
bryanD:
Jayson, diagnosis, please.
Diagnosis is that you're economically illiterate and most likely a liar to boot to actually post that the economy of the E.U. has surpassed that of the U.S.
19. Posted by _Mike_ | April 9, 2007 11:33 AM |
Score: 0 (0 votes cast)
Posted on April 9, 2007 11:33