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Jobs: A Fourth Straight Spring and Summer Bummer

This time, Obama and his partisan fearmongers are largely to blame.

by
Tom Blumer

Bio

April 9, 2013 - 12:00 am
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For most Americans, the arrival of spring means rising temperatures, the reemergence of green grass (and weeds), and a return to outdoor activities. It also appears, for the fourth year in a row, that spring’s arrival will be accompanied by yet another swoon in the nation’s job market.

Wrapping up a week during which several “unexpectedly” weak economic reports previewed trouble ahead, the government’s March Employment Situation Summary¬†released on Friday was the strongest indication yet that — as was the case in 2010, 2011, and 2012 — somewhat tolerable seasonally adjusted job growth during the winter will be followed by tepid spring and summer hiring.

This time, as a well-known Democrat amazingly noted on Sunday, President Barack Obama, his administration, fear-mongering leftists, and their sky-is-falling media apparatchiks shouldn’t be able to hide from the direct results of their handiwork — though of course they’ll try mightily.

To see how bad things are, as is my custom — and as should be the custom of anyone who’s really trying to get a handle on what’s happening in the economy — let’s look at both the raw (i.e., not seasonally adjusted) and seasonally adjusted figures for overall job growth since 2001:

NSAandSAjobsForPJM040713

As I noted in a column last year, the five months from February through June are crucial for employment growth in the U.S. economy, because that’s typically when millions more people are hired than are let go. The more economically robust years during the middle of the past decade saw the economy add an annual average of 4.099 million jobs during those five months, despite the fact that the seasonally adjusted unemployment rate was barely above what is, for the U.S., considered full employment.

As seen above, despite horrid unemployment, vastly underreported under-employment, and assurances that the Obama administration’s “stimulus”-driven policies would lead to a strong recovery, the average of the February-June time periods from 2010-2012 was more than 200,000 jobs lower than was seen during the previous decade’s three strong years.

As I wrote last year: “An authentically recovering economy making a real dent in a horribly underutilized workforce should generate six million jobs on the ground” during these five months. Obviously, it has never come even close.

Comments are closed.

Top Rated Comments   
Tom, you obviously don't subscribe to the Paul Krugman, "inverse coincidences" school of economics.

Jimmy Carter and his leftist brethren in Britain destroy two economies.

Reagan and Thatcher reverse the death spiral.

Obama's economy and all of Europe now have the globe in a tailspin.

EVERY one of these..is a "coincidence"...and ONLY if we pursue greater leftism will we be "saved" economically.

Leftism is a rebuke of our six senses. Sight, hearing, smell, touch, and common. (after watching us elect Obama twice, there's no accounting for taste)
1 year ago
1 year ago Link To Comment
Buckwheat is and always has been completely responsible for the pathetic job growth and the horrendous economy.

It is his deepest most sincere desire to destroy the American Economy permanently.

He hates America, he hates white people and he hates so called colonialism.
1 year ago
1 year ago Link To Comment
All Comments   (16)
All Comments   (16)
Sort: Newest Oldest Top Rated
A brand new chart showing total public debt as percent of GDP -- take a good look from the 80s forward!

http://wallstcheatsheet.com/stocks/how-broke-is-the-united-states.html/?ref=YF
1 year ago
1 year ago Link To Comment
Okay, we all know well, the partisan complaints! Now where the precise magic bullet that guarantees a turn around in a week or so?

Since 1950 the GOP has held the White House 6 times and the dems 5 times. Counting Reagan forward, the GOP has held the White House 3 times and the dems 2 times counting both terms of Obama. If you take off your partisan hat and look at all the typical economic indicator charts from the 80s forward and include the growth of government and goverment spending, etc., one is hard put to say that the GOP has the magic bullet in their holster.

Who has the precise answer?
1 year ago
1 year ago Link To Comment
Some of the problem might be an exaggerated reporting of employed Americans in September and October of 2012. The number of employed Americans went up over 700,000 each of those months immediately prior to the election. From 1948 - 2011, we'd never increased the number of Americans employed that much in September and October. Nearly 1.5 million more Americans employed in October 2012's report than in August 2012. I'm not a conspiracy theorist, but every time I look at those numbers, I wonder who "estimated" the number of Americans employed. September almost never sees more Americans employed than August, let alone 775,000 more.

Oh, and yes, the number of jobs that disappeared in November, December and January was among the highest in the last 30 years at 2.4 million.

Paging Mr. Potemkin. Please pick up the white courtesy phone.
1 year ago
1 year ago Link To Comment
Retailers hired their Christmas temps much earlier, some talking applications as early as July to cover both Thanksgiving and Christmas. Without looking, I don't really remember how those hire numbers washed out.
1 year ago
1 year ago Link To Comment
Not sure if that's an attempt at humor or if I should ask for a link to evidence that people were getting paid in August in order to be present for the holidays.
1 year ago
1 year ago Link To Comment
Consider it humor if you like! There was not shortage of information avialable in the retail and business journals of the time. Did you not notice I did add a discalimer saying without looking it up I couldn't be sure?
1 year ago
1 year ago Link To Comment
Tom Blumer's analysis is as solid and dependably correct as they come. Where are the Republicans on this issue? Still trying to figure out why they lost another presidential election to the worst president we've ever had? Get with it, GOP. You have to attack this administration every day, not just once a month or once a year like you do now.
1 year ago
1 year ago Link To Comment
Whats it going to take to began impeachment against this administration?Our economy could improve if we had kick them out.Liz
1 year ago
1 year ago Link To Comment
67 votes to convict in the Senate.
1 year ago
1 year ago Link To Comment
Inverse consequences and coincidences...Socialism just can't catch a break...even in France.

http://hotair.com/archives/2013/04/09/socialist-french-president-hollande-just-cant-seem-to-catch-a-break/
1 year ago
1 year ago Link To Comment
why worry about stinkin numbers when the FAUX NEWS and sham journalists only have an agenda and will do what is necessary to promote an agenda, rather than be the watch dogs for the American People, digging into stories and promoting the truth, no matter where it lies.
1 year ago
1 year ago Link To Comment
What you'll see next:

Hard-working but underemployed Americans leaving the US to find the good professional jobs that have been offshored.

I am one of them and I know that there are others.
1 year ago
1 year ago Link To Comment
Tom, you obviously don't subscribe to the Paul Krugman, "inverse coincidences" school of economics.

Jimmy Carter and his leftist brethren in Britain destroy two economies.

Reagan and Thatcher reverse the death spiral.

Obama's economy and all of Europe now have the globe in a tailspin.

EVERY one of these..is a "coincidence"...and ONLY if we pursue greater leftism will we be "saved" economically.

Leftism is a rebuke of our six senses. Sight, hearing, smell, touch, and common. (after watching us elect Obama twice, there's no accounting for taste)
1 year ago
1 year ago Link To Comment
1 year ago
1 year ago Link To Comment
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