President Obama Speaks on the Economy

[Lady Freedom Returns]

Published on Dec 5, 2014
On December 5, 2014, President Obama discussed the latest jobs report, which detailed how the economy has already added more jobs in 2014 than in any year since the late 1990s.

[frazzled]

1. Apparently, nobody cares

Change the header to "Worst Job Report in 8 Years" and you'll get a bunch of "recommends."

[rhett o rick]

3. Let's talk about the average wage. Do these jobs pay enough to survive?

Wall Street at record profits and wages down. People never got their homes back since the banksters stole them. Things are looking good from on high. Go to a foodbank and see for your self.

[frazzled]

4. Sure, let's talk about wages

They're up, 0.4% in November and 2.4% for the year. But let's look for the black cloud in the silver lining. Wages started flatlining decades ago, and then the recession came. And we're starting to see rises--small, sure. But 2.4% is well above current inflation rate (The latest annual inflation rate for the United States is 1.7% through the 12 months ended October 2014, as published by the US government on November 20, 2014. http://www.usinflationcalculator.com/inflation/current-inflation-rates/ )

Things are improving, and that seems to make you very angry. That's sad.

Ever since the recovery from the Great Recession began more than five years ago, the most crucial missing pieces of the economic puzzle were the lack of consistently strong gains in hiring and better wages for most working Americans struggling to make ends meet. Now, at last, those pieces are starting to fall into place.

The Labor Department reported on Friday that employers added 321,000 jobs in November, a much stronger number than economists had predicted and the 10th consecutive month of net job gains above 200,000.

Even more significant was that the improving job market finally delivered a sharp jump in average hourly earnings for ordinary workers that was double the anticipated 0.2 percent increase.

http://www.nytimes.com/2014/12/06/business/economy/november-jobs-unemployment-figures.html?hpw&rref=business&action=click&pgtype=Homepage&module=well-region&region=bottom-well&WT.nav=bottom-well&_r=0

[Cha]

6. Lots of Black Clouds trying to cover the Silver Linings.. Thanks for the exposure, frazzled.

[rhett o rick]

7. So what does that amount to in dollars per year?

What is your source of the wage information.

[okaawhatever]

2. Suck it Repubs. Benghazi hearing in 3...2... nt

[Cha]

5. I care! Thanks Lady Freedom Returns! Charts..

Jobs, Jobs, And More Jobs. Thanks, President Obama!


Ben Casselman ✔ @bencasselman
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Virtually all the job growth in the recovery has come in full-time jobs.
4:12 AM - 5 Dec 2014 517 Retweets 255 favorites

Justin Wolfers @JustinWolfers
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It's a record: The U.S. economy has never before delivered 50 straight months of payrolls growth (Previous record: 48, ending in mid-1990.).
3:54 AM - 5 Dec 2014 738 Retweets 239 favorites


Ben Casselman ✔ @bencasselman
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Simply put, the November jobs report crushed it.
http://53eig.ht/1z29igO
5:26 AM - 5 Dec 2014

http://theobamadiary.com/2014/12/05/jobs-jobs-and-more-jobs-thanks-president-obama/

And, yet there will be those who whine and use this to get their venomous cheap shots thrown at the President.