Were 1 million new jobs created in the last 3 months?

[bif]

That's what a co-worker is trying ot tell me in his argument for what a great job Bush is doing.

[mrboba1]

1. Yes.

In Malaysia, India, and China combined!

[johnnie]

2. You got it! n/t

[SaveElmer]

3. Yes...more than three months though

I think 1 million have been created, but over a longer period than 3 months. But that is well under the number needed to just keep up with the growth in the number of people entering the labor market. That is why the unemployment rate doesn't go down much. We need to create about 250,000 new jobs a month just to keep up. He hasn't come close to that. Also, the jobs that are being created are over a lower quality than those that were lost...not to mantion 2 more million need to be created just to get back where we started when * was elected.

[papau]

7. !.5 million over last 12 months but about 800000 are "pretend" jobs added

to "smooth" the numbers because we know that the number of single employer with only themselves as the employee formation (at work at home folks) must have jumped and we just have not been able to count them from payroll records because they have not submitted thier first payroll withholding as yet.

Please note that this "job created guess" is not EVER benchmarked because per the Bush DOL - "It is not an estimate and only estimates are benechmarked" - so this "job created statisical correction for noise" is 1/2 of all jobs created in past year!

I do love how our media refuses to read the DOL web site - or just refuses to report what Bush does not want reported.

:-)

[RobertSeattle]

4. Well whoop-de-doo

Clinton averaged 230K jobs ever month of his Presidency!

I believe Bush is down a net 1.7 million jobs for his entire pResidency.

[curlyred]

5. I don't know. How many Walmarts opened?

Even if that many new jobs were created, they were low-end jobs.

[madmom]

6. yes, but I heard somewhere that 80%.....

where service secter jobs aka Mcdonalds ,Burger King etc.

[Xithras]

8. Does that include seasonal?

If you count the seasonal farmhand and cannery jobs, then yes, over a million new jobs were added last quarter. These are temporary jobs though, and they always spike this time of year.

[papau]

10. The 1.5 m over 12 months is after seasonal adjustment - the 800,000

pretend are added to raw numbers and obviously affect seasonal adjusted numbers - but Bush's DOL will not tell us what the effect on seasonal is terms of a number.

Given that 800000 is a very small part of total jobs - and that the seasonal adjustment is only a small percentage adjustment - it is a best estimate given our limited data that the seasonal is also overstated by 800,000.

But try to get the media to explain that Bush lies!

[Commendatori]

9. Maybe, if you throw in interns and other summer help.

A better measuring stick would be "jobs created that come with health care." For that, you might have 1.3 thousand.