Worst Recession Ever Continues for Unemployed Americans

Unemployment graph
Source: Calculated Risk Blog

The excruciatingly slow and anemic recovery from Bush’s Great Recession continues, according to the August jobs report.

Employers added 169,000 jobs in August but many fewer in June and July than previously thought, the Labor Department said Friday. Combined, June, July and August amounted to the weakest three-month stretch of job growth in a year.

The unemployment rate dropped to 7.3 percent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work reached its lowest point in 35 years.

Americans are not impressed with a so-called “economic recovery” that has produced mainly low-wage jobs.

Low-wage jobs, defined as those that pay no more than $13.83 an hour, accounted for 21 percent of recession job losses but have accounted for 58 percent of the recovery growth.

Meanwhile, Congress is debating a potential $12 billion war against Syria. If the past is any guide, that will prove to be a gross underestimate of the cost.

  1. #1 by Richard Warnick on September 6, 2013 - 1:08 pm

    Waiting for brewski to say some economist claims the minimum wage is too high, and that’s holding back job growth.

  2. #2 by brewski on September 6, 2013 - 1:38 pm

    I have already given you tons of credible sources. But apparently you didn’t bother to read any of them.

    How come you don’t pin the non-recovery on Obama and the Dems? Obama is president and the Dems controlled everything for 2 full years. Why don’t you hold them accountable for their job killing policies?

    • #3 by Richard Warnick on September 6, 2013 - 1:44 pm

      What job-killing policies? Are you willing to concede that making the Bush Tax Cuts For The Rich permanent killed jobs?

      • #4 by brewski on September 6, 2013 - 2:17 pm

        1. The Federal Governments own analyses say that Obamacare is curtailing hiring. Proof.

        2. Independent rankings say that the US has the 69th most competitive tax code in the world. Bush or no Bush. It is still 69th. Canada is 8th. Proof.

  3. #6 by brewski on September 6, 2013 - 2:46 pm

    1. Mark Zandi? Are you kidding me? From Moody’s? As in they cratered the world’s economy? Why don’t you just quote Lehman Brothers to me. Ha! You’re hysterical. Zandi is a tool.

    2. That was not my claim. You don’t understand the difference. You don’t understand what I am talking about. You have no clue as to my point whatsoever. Your quote actually supports my point rather than refutes it. But you don’t even know enough to realize that your quote proves my point. You don’t know the difference. Thank you for supporting me.

    BTW, Media Matters has less credibility than if you linked the RNC.

    Thinkregress is just a bunch of 23 year olds who have never had a job.

    Please try to pick up your game. You are boring me.

    • #7 by Richard Warnick on September 6, 2013 - 2:51 pm

      ZZZZZZ

      • #8 by brewski on September 6, 2013 - 3:10 pm

        So you use a quote which supports what I said and refutes what you think and all you got is “ZZZZ”?

        Tell me you aren’t as stupid as you are trying to be.

  4. #9 by brewski on September 6, 2013 - 2:50 pm

    Gallup:

    ‘Forty-one percent of the businesses surveyed have frozen hiring because of the health-care law known as Obamacare. And almost one-fifth—19 percent— answered “yes” when asked if they had “reduced the number of employees you have in your business as a specific result of the Affordable Care Act.”

    • #10 by Richard Warnick on September 6, 2013 - 2:58 pm

      Or else the businesses have frozen hiring due to our lackluster economy, and the ones that are run by right-wingers are blaming the ACA.

      As far as laying off employees only because of the ACA, nobody would actually do that. That would be insane. The sensible thing for a small business would be to stop offering health insurance, dumping employees onto the exchanges.

      What happened to your claim, “The federal government’s own analyses say that Obamacare is curtailing hiring?” Can’t back that up?

      • #11 by brewski on September 6, 2013 - 3:12 pm

        What do you mean “or else”?

        I give you data, you give me your feelings.

        “What happened to your claim, “The federal government’s own analyses say that Obamacare is curtailing hiring?” Can’t back that up?”

        I already have.

        Keep up. You are boring me.

        • #12 by Richard Warnick on September 6, 2013 - 3:24 pm

          “Or else” indicates another possible interpretation of the Gallup poll.

          Nothing in the poll measures the knowledge level of the respondents regarding the ACA. In other words, the poll measures perceptions which may or may not be accurate. This line from the Gallup summary says a lot about, particularly when it comes to the misinformation that the right has spewed over the past 4 years. It has been one lie after another, starting before the bill was even written.

          “This overall impression of the ACA is consistent with owners’ tendency to be more Republican than Democratic, higher income, more against big government, more conservative, and less optimistic than Americans overall.”

          Gallup

          How many of those business owners do you think listen to the misinformation about the ACA on conservative media?

          Advice for Small Employers Confused by Obamacare

          • #13 by brewski on September 6, 2013 - 8:41 pm

            The knowledge level of the respondents is irrelevant. The only thing that matters is what is really happening. It is really happening that hiring is being curtailed because of Obmacare. This is indisputable.

  5. #14 by Richard Warnick on September 6, 2013 - 3:45 pm

    Are job cuts a myth about Obamacare?

    Most businesses don’t plan to shift from full-time to part-time employees as a way to skirt the law, according to a survey from the Federal Reserve Bank of Minneapolis. It found that 89% of businesses had not yet cut, nor were planning to cut, the hours of their employees to cope with the Affordable Care Act, according to the Minneapolis Fed’s Roundup.

    Nevertheless, that leaves 11% of businesses unaccounted for. So how do they plan on coping? Some 4% said they have already shifted to more part-time workers, while 7% said they plan to cut hours.

    While the impact might not be as wide as feared, even 10% of businesses trimming hours would result in painful pay reductions for many workers. The study polled more than 200 businesses in the Minneapolis region.

    …It’s important to keep in mind some caveats with the Minneapolis Fed’s survey.

    For one, as the bank itself notes, “many responding organizations employ fewer than 50 people and are exempt from some provisions of the act.”

    The Minneapolis Fed also heard from some respondents that it’s too early to say how the complicated regulations will affect them.

    “We’re just beginning to figure out the impact of the Affordable Health Care Act,” said a Minnesota respondent, according to the bank’s site. “Once we understand that, we’ll adjust accordingly.”

    The ACA’s employer mandate, which forces firms to start providing insurance in 2014, pertains only to companies with at least 50 full-time workers. The mandate applies only to 3% of America’s small businesses, but business owners who watch Faux News Channel can’t be expected to know that.

    • #15 by brewski on September 6, 2013 - 8:45 pm

      It doesn’t matter what “most businesses” are doing. That is like saying “most people” don’t commit murder, therefore there are no murders. It is also irrelevant if these business owners watch Fox News or not. The only thing that matters is that hiring is being curtailed because of Obamacare. It doesn’t matter if you don’t like them. People are still unemployed and you don’t seem to care about that. You are a heatless soul.

      • #16 by Richard Warnick on September 7, 2013 - 10:56 am

        Temperatures still in the 90s, so being “heatless” not a problem right now. ;-)

        Look, if a relative handful of misinformed business owners believe right-wing propaganda, it’s a problem for the promoters of the ACA, of whom I am not one.

        You can’t get away with blaming the ACA for the crappy economy. The individual private insurance mandate doesn’t even go into effect until next year!

        Taking the reality-based view: Federal government austerity is a problem, low wages are a problem, endless wars are a problem, corporatism is a problem, income inequality is a problem. There is no shortage of things we’re doing that put a drag on economic recovery.

        • #17 by brewski on September 7, 2013 - 11:20 am

          As I have already schooled you on, I personally know social workers who have had their hours cut by their non-profit family services agencies specifically because of ACA.

          Are the non-profit family service agencies ignorant right wing Fox News dupes?

          Some cities, states, and universities have done the same. Are they ignorant right wing Fox News dupes?

          • #18 by Richard Warnick on September 7, 2013 - 12:37 pm

            As you ought to know (but perhaps do not), the employer mandate has been suspended until 2015. So there is no reason to cut hours or do anything else to avoid complying with the intent of the ACA.

          • #19 by brewski on September 7, 2013 - 4:54 pm

            You ought to know this, but:
            1. The delay is illegal and in direct violation of the statute.
            2. Many employers already changed their policies before the delay and they are not going to switch them back and then switch them again next year
            3. Employers still have an incentive to not offer any insurance as it helps employees qualify to buy it on their own. If the employee worked 30 hours and the offered insurance then the employee wouldn’t qualify for subsidies on the exchange.
            4. Your statement “there is no reason to cut hours or do anything else” is factually false.

          • #20 by brewski on September 7, 2013 - 4:55 pm

            I asked 2 questions you didn’t answer. FYI.

            Dodger.

  6. #21 by Disgusted jew on September 6, 2013 - 4:02 pm

    Have you looked for a full time job recently, or are you just talking out your ass again? Richard?

  7. #23 by Richard Warnick on September 8, 2013 - 11:19 am

    brewski–

    I answered both your questions by saying there is no reason for employers to penalize workers because of the ACA. If they are cutting hours and firing people, using the ACA as a handy excuse, that’s something else.

    • #24 by brewski on September 8, 2013 - 5:16 pm

      Answer these questions, yes or no:

      Are the non-profit family service agencies ignorant right wing Fox News dupes?

      Some cities, states, and universities have done the same. Are they ignorant right wing Fox News dupes?

      • #25 by Richard Warnick on September 8, 2013 - 7:32 pm

        Why can’t you ask a neutral question, instead of loading it up with something I would never say? Anybody who is penalizing their employees and claiming it’s because of the ACA is wrong, plain and simple.

        • #26 by brewski on September 8, 2013 - 11:24 pm

          I already proved above in #19 that your statement is false.

          Why do you insist on repeating that lie?

          • #27 by Richard Warnick on September 9, 2013 - 11:36 am

            Not false. True.

          • #28 by brewski on September 9, 2013 - 4:11 pm

            Tell me why #19 is not accurate especially #3.

          • #29 by brewski on September 9, 2013 - 9:13 pm

            I’m waiting.

  8. #30 by Richard Warnick on September 9, 2013 - 4:39 pm

    brewski–

    I was the first person on One Utah to point out that the ACA creates an incentive for small employers to drop health insurance coverage.

    While the Affordable Care Act expands coverage to many currently uninsured Americans, for many employers with current health coverage the law actually creates a financial incentive for some to end their coverage in 2014 when insurance exchanges take effect.

    Your claim was that the ACA is responsible for the lackluster economic recovery – but the provisions of the law that the right-wing says are causing job losses have not taken effect yet. Anyway, tell me how dumping employees onto the exchanges next year (or more likely, in 2015) will hurt our economy or reduce the number of jobs.

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