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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJob Gains at U.S. Factories Show Manufacturers Driving Expansion
By Timothy R. Homan
Feb. 3 (Bloomberg) -- American factories added the most jobs in a year as they stayed at the forefront of the expansion, boosting employment opportunities in the rest of the economy.
Manufacturing payrolls increased 50,000 last month, exceeding the most optimistic forecast in a Bloomberg News survey and capping the largest two-year gain since 1985, Labor Department figures released today showed. Total employment across the economy jumped 243,000 in January as the jobless rate unexpectedly dropped to 8.3 percent.
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http://www.businessweek.com/news/2012-02-03/job-gains-at-u-s-factories-show-manufacturers-driving-expansion.html
by DemFromCT
Well, there's partisanship and then there's the American people.
Gallup asked the question of adults as to their level of support for five economic proposals expected in the State of the Union speech. Here's the same list of proposals broken down by partisanship. Note that the support from Republicans drops off for the "big government alternative energy" and the "tax the rich" proposals:
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http://www.dailykos.com/story/2012/02/01/1060625/-Gallup:-Democrats,-independents-and-
arely staircase
(12,482 posts)i agree with those who say the president's policies were too gun shy (stimulus not near big enough and his keynseian-light economics way too watered down for my taste) they eventualy started working - though not enough as if he had listened to people like robert reich instead of, well certain people. he was still more right (as in correct) than his adversaries.
ProSense
(116,464 posts)of the drag on the economy was caused by state and local layoff.
http://www.democraticunderground.com/1002238596
arely staircase
(12,482 posts)a lot of this has to do with the priorities of right-wing state legislatures. frankly, i agree with most of the people here who say that had the president's policies been more progressive (keynesian) we'd have been out of this quicker. in fact, i agree with them in that the president should have been more aggressive in pushing said policies. however, i think current stats prove that his keynes - light approach is far preferable to those who wish to return to the days of reagan/bushenomics or, god forbid, the ron paul austrian school of "all hogs to the trough" way of doing things.
rhett o rick
(55,981 posts)arely staircase
(12,482 posts)if we can keep the executive and gain the legislative branch, i think a big minimum wage increase should be in order. this is one of my pet issues. the minimum wage should be around 11 dollars if it had kept up with inflation in my lifetime.
rhett o rick
(55,981 posts)ProSense
(116,464 posts)is a federal minimun wage.