Created or saved 650,000 to now one million jobs?

[blues90]

MS-NBC began covering Biden and Arnold then cut away saying they will keep one top of this for us. It never came back, if it did I missed it and missed nothing. The media has no idea or answers , TV is an electronic smoke screen . I just wanted to see what the weather was and it's been so damn long I don't which channel is which, I know people where the flooding is.

Back to the jobs saved or created. I have no idea how they can even calculate this and come up with a figure. I don't see any change but that's just me. So far with all the blather no one has come up with that answer, perhaps they will have a meeting and invent the spin that might work. One has to wonder just what it is that triggers any given subject to be talked about on any given day.

It sounds like news speak to me. Some sort of lets toss some hope out there and hope it sticks while all else is going on.
All I read about and see are jobs going away. And does a job saved or created mean a job that one can make money working or just a position somewhere,anywhere?

Is everything from now on going to be a never ending story that is confused and predicted based on no facts.

If it's not health care it's the three war zones and new surgeon general that just appeared suddenly.

Why tackle everything all at once rather than tackle to root cause and get that under control. It's all related , maybe start by ending these wars and get out then perhaps at the same time create some jobs.

There is time to deal with health care since this will have no affect for years. Then to make matters worse to me anyway, they stand that boring ,droning pathetic Gibbs out there. I listened , honestly I have not heard him really answer one question that I could say was an answer.

Why not call it the dead zone rather than the press room.

From what I get through all of this is this is the time to make history whether or not it kills all of us. In fact my post here may not make any sense to anyone other than me.

[Romulox]

1. It's a made up number, and considered "bad" news--hence the Friday news dump. nt

[RaleighNCDUer]

6. How is it bad news?

I assume they come up with the number by calculating new hires and polling businesses about their expected layoffs - if a business in July expects to lay of 5 people before September, but come September has not laid off anyone, that's 5 jobs saved.

So what this is saying is that the unemployment situation is not continuing to accelerate, and may be slowing, resulting in lower than predicted increase in unemployment.

This is bad?

[Romulox]

7. Drop of piss? Meet the ocean. nt

[AllentownJake]

2. Well if you read the September report from the Bureau of Economic Analysis

http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

There is a heck of a lot of bad news in September. This was released on the sameday but the 650,000 stimulus bill announcement will get more coverage.

[johnaries]

3. Grammar Nazi here.

"Affect" is a verb. "Effect" is a noun.

Carry on! :hi:

[Romulox]

4. "Effect" is also a verb: "to effect change". nt

[johnaries]

9. Only when used with an object. nt

[no limit]

5. Not sure what you are specifically talking about but...

They get the 650,000 number from the direct number of jobs that were saved or created as a result of the stimulus money. It means someone that could have lost their job didn't or someone that didn't have a job now has one as a result of this package. Just because you aren't seeing these jobs outside your window doesn't mean they don't exist.

The million figure comes from if you include jobs that were indirectly created with the stimulous bill. For example when they pumped money in to unemployment that saved a lot of government administrative jobs. When they cut taxes in theory that also created jobs (though I dont personally believe that).

[HamdenRice]

8. The problem with "saving jobs" is that the administration doesn't get credit due

The stimulus, for example provided billions to the states so they could avoid laying off state and municipal workers. New York State got something like $20 billion. So some jobs not lost are easy to calculate. But if you are a teacher who didn't get laid off, you probably aren't going to credit the stimulus bill to your still working.

One of the most interesting areas of job creation is at the community college level. The stimulus bill was an enormous money bomb on the community college system, and because people are out of work and retooling, enrollment is really up.

The NY Times reported yesterday that community colleges have added so many classes that some classes are taught between 9 pm and 2 am.

That's a lot of otherwise unemployed engineers, programmers, corporate drones, etc., putting on the mortar board to teach young people.