The 'Tuesday jobs report' is a lot like the 'Friday jobs report'

(My new American Thinker post)

The "shutdown" moved the jobs report from the first Friday in October to Tuesday.  Unfortunately, the report is the same as before:

1) We are not creating enough jobs; and,

2) Too many people are dropping out of the labor force.

According to news reports, more and more people are dropping out.  It means that the 7.2% official unemployment rate is not real because more and 10 million Americans are not in the calculation, i.e. they dropped out of the labor force!

Job creation was weak also.  The economists were looking for 180,000 but we got 148,000, or not enough to keep up with the new people looking for work.

By the way, these are pre-shutdown numbers so President Obama can not blame it on Senator Ted Cruz.

The real tragedy is that job growth may be slowing, according to Dan Greenhaus, chief global strategist at BTIG.

Tuesday is just  like Friday - maybe worse!

Different release date but same stagnant economy, according to Jared Bernstein: Payrolls averaged 143,000 per month in the 3rd quarter, 182,000 in the second and 207,000 in the first quarter.

Wrong kind of trend?  Ya think? 

P.S. You can hear my discussion with Bill Katz about this.

Online Politics Radio at Blog Talk Radio with Silvio Canto Jr on BlogTalkRadio

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Tags: Jobs report September 2013  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!

Babalu: President “Nadie me dice nada” Obama

(My new Babalu post)  

According to The Washington Post, nobody told President Obama:

 "The problem here isn't just technological. It's managerial.     

The White House's senior staff -- up to and including the president -- was blindsided.  

Staffers deep in the process knew that HealthCare.gov wasn't ready for primetime. 
But those frustrations were hidden from top-level managers.    
Somewhere along the chain the information was spun, softened, or just plain buried. The result was that the White House didn't know the truth about its own top initiative -- and so they were unprepared for the disastrous launch. They didn't even know they needed to be lowering expectations.   

In any normal corporation, heads would roll over a managerial failure of such magnitude and consequence."

Sorry but there is something really weird about this Obama administration:

1)  2,000 high powered ATF weapons fly south over the US-Mexico border and no one tells AG Holder or President Obama;

2)  The IRS decides to target conservative groups and nobody tells President Obama that he has a huge IRS scandal brewing; and,

3) The rollout of ObamaCare is full of problems and nobody tells President Obama.

My conclusion is that we need new staffers or maybe a new president.

P.S. You can hear CANTO TALK here.

Current Politics Podcasts at Blog Talk Radio with Silvio Canto Jr on BlogTalkRadio

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Tags: President Obama  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!