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Nye Bevan

(25,406 posts) Fri Jun 6, 2014, 01:11 PM Jun 2014

U.S. economy regains all jobs lost in recession

Employers added 217,000 jobs in May as the labor market reached a milestone with the recovery of all 8.7 million jobs lost in the recession. The unemployment rate was unchanged at 6.3%, the Labor Department said Friday.

Employment, at 138.5 million, exceeds its pre-recession level for the first time in the nearly five-year-old recovery. Payrolls fell by 8.7 million from January 2008 through February 2010, but since then non-farm jobs have risen by 8.8 million.

http://www.usatoday.com/story/money/business/2014/06/06/may-jobs-report/10037173/

I don't hesitate to criticize Obama when I think he deserves it. But I am also happy to give credit where it is due. Well done Mr. President.

11 replies

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U.S. economy regains all jobs lost in recession (Original Post) Nye Bevan Jun 2014 OP

just as a matter of curiosity, what kind of jobs were lost, at what rate of pay, and what jobs niyad Jun 2014 #1

^^^^This!^^^^ nt City Lights Jun 2014 #10

There 10-15 million new Americans in that same amount of time. nt Romulox Jun 2014 #2

Of working age? And what about the baby boomers who retired in record numbers. Exactly. Maybe your okaawhatever Jun 2014 #7

LOL. *Reality* has a LEFT wing bias, remember? Keep trying to shout it down though! nt Romulox Jun 2014 #8

Wonder Why There's Not Much Mentioning Of This On Fox News iloveObama12 Jun 2014 #3

Yay! shenmue Jun 2014 #4

"Would you like fries with that?" ... 1000words Jun 2014 #5

Not all of them. GoCubsGo Jun 2014 #6

Low-paying jobs have replaced good jobs. woo me with science Jun 2014 #9

thank you for posting this. I saw your op yesterday, but did not have time to include it here. niyad Jun 2014 #11

niyad

(113,235 posts)

1. just as a matter of curiosity, what kind of jobs were lost, at what rate of pay, and what jobs

Reply to Nye Bevan (Original post)

Fri Jun 6, 2014, 01:14 PM

Jun 2014

were created, at what rate of pay? a good-paying manufacturing or tech job being replaced by a barely-minimum wage service sector job is not exactly a plus.

City Lights

(25,171 posts)

10. ^^^^This!^^^^ nt

Reply to niyad (Reply #1)

Fri Jun 6, 2014, 02:45 PM

Jun 2014

Romulox

(25,960 posts)

2. There 10-15 million new Americans in that same amount of time. nt

Reply to Nye Bevan (Original post)

Fri Jun 6, 2014, 01:19 PM

Jun 2014

okaawhatever

(9,461 posts)

7. Of working age? And what about the baby boomers who retired in record numbers. Exactly. Maybe your

Reply to Romulox (Reply #2)

Fri Jun 6, 2014, 02:23 PM

Jun 2014

right wing talking points will go over better on a Fox website.

Romulox

(25,960 posts)

8. LOL. *Reality* has a LEFT wing bias, remember? Keep trying to shout it down though! nt

Reply to okaawhatever (Reply #7)

Fri Jun 6, 2014, 02:38 PM

Jun 2014

iloveObama12

(421 posts)

3. Wonder Why There's Not Much Mentioning Of This On Fox News

Reply to Nye Bevan (Original post)

Fri Jun 6, 2014, 01:20 PM

Jun 2014

smh

shenmue

(38,506 posts)

4. Yay!

Reply to Nye Bevan (Original post)

Fri Jun 6, 2014, 01:42 PM

Jun 2014

1000words

(7,051 posts)

5. "Would you like fries with that?" ...

Reply to Nye Bevan (Original post)

Fri Jun 6, 2014, 01:55 PM

Jun 2014

GoCubsGo

(32,078 posts)

6. Not all of them.

Reply to Nye Bevan (Original post)

Fri Jun 6, 2014, 02:03 PM

Jun 2014

Mine is still MIA. I don't blame the president for that, however. I blame the assholes who have been pushing this "austerity" bullshit. I haven't seen the state, federal and research jobs, like mine, that were lost regained.

woo me with science

(32,139 posts)

9. Low-paying jobs have replaced good jobs.

Reply to Nye Bevan (Original post)

Fri Jun 6, 2014, 02:44 PM

Jun 2014

The jobs that have been created in this "recovery" are mostly low-pay service jobs. The truth is that it was not a recovery. It was a restructuring to benefit the One Percent.

April 28, 2014: Most Of The Jobs Added Since The Recession Pay Low Wages
http://thinkprogress.org/economy/2014/04/28/3431351/recovery-jobs-low-wage/

Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
http://www.nytimes.com/2014/04/28/business/economy/recovery-has-created-far-more-low-wage-jobs-than-better-paid-ones.html?_r=0

Low-wage jobs proliferate as middle class ones disappear: job growth patterns since the recession
http://www.cleveland.com/business/index.ssf/2014/04/low-wage_jobs_proliferate_as_m.html

Low-Wage Jobs Replace Middle-Income Work, Study Finds
http://www.huffingtonpost.com/2012/08/31/low-wage-jobs_n_1846733.html

Careers Are Dead. Welcome To Your Low-Wage, Temp Work Future
http://www.forbes.com/sites/jmaureenhenderson/2012/08/30/careers-are-dead-welcome-to-your-low-wage-temp-work-

In addition, the TPP that Obama is hell-bent on supporting will DESTROY jobs and cut wages for over 90 percent of American workers:

Study: "Trade" Deal Would Mean a Pay Cut for 90% of U.S. Workers
http://citizen.typepad.com/eyesontrade/2013/09/the-verdict-is-in-the-trans-pacific-partnership-tpp-a-sweeping-free-trade-deal-under-negotiation-with-11-pacific-rim-coun.html

No, the chocolate ration has not been increased.

niyad

(113,235 posts)

11. thank you for posting this. I saw your op yesterday, but did not have time to include it here.

Reply to woo me with science (Reply #9)

Sat Jun 7, 2014, 12:24 PM

Jun 2014

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