{"id":3141,"date":"2013-08-03T01:38:04","date_gmt":"2013-08-03T01:38:04","guid":{"rendered":"https:\/\/highplainsblogger.wordpress.com\/?p=3141"},"modified":"2013-08-03T01:38:04","modified_gmt":"2013-08-03T01:38:04","slug":"jobs-are-up-jobless-rate-down-still-no-love","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=3141","title":{"rendered":"Jobs are up; jobless rate down \u2026 still no love"},"content":{"rendered":"\n
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The U.S. Labor Department today reported 162,000 jobs were added to the nation\u2019s payrolls in July, while the jobless rate fell to 7.4 percent, the lowest in nearly five years.<\/p>\n

But still, despite that, the news is being received with a shrug and a \u201cso what?\u201d even from those who detest President Obama and his economic policies.<\/p>\n

http:\/\/finance.fortune.cnn.com\/2013\/08\/02\/jobs-report-july\/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fortunefinance+%28Fortune+Finance%3A+Hedge+Funds%2C+Markets%2C+Mergers+%26+Acquisitions%2C+Private+Equity%2C+Venture+Capital%2C+Wall+Street%2C+Washington%29&utm_content=Google+UK<\/a><\/p>\n

It honestly puzzles me. Then again, I don\u2019t get paid to analyze this data. I\u2019m watching all this unfold from the peanut gallery, like most Americans \u2013 and that includes the TV talk show chatterboxes who purport to be the know-it-alls of everything that\u2019s supposed to matter.<\/p>\n

This administration took office with the nation in free fall. We were losing \u2013 depending on who\u2019s counting \u2013 700,000 to 800,000 jobs each month. Banks were crashing. Housing markets all across the country were cratering. A member of my family \u2013 a well-educated architect \u2013 personified the agony of what happened when he lost his job as the housing market disintegrated all along the West Coast.<\/p>\n

What\u2019s happened since then? The government added rules that added accountability to lenders who were loaning money to people who couldn\u2019t repay their loans. Rules for banks were tightened. The government pumped money into state and local economies \u2013 such as Texas and Amarillo, where officials were more than happy to take it. Jobs have been added at a slow, but reasonably steady rate. <\/p>\n

Is the economy growing fast enough? No. Considering where we were at the start of 2009 and where we\u2019ve gone since then, though, I\u2019d rate the policies a success.<\/p>\n

Yes, some individuals disagree with that. Let \u2018em disagree. I\u2019ll stand by what I\u2019ve witnessed from the cheap seats.<\/p>\n

Oh, and my family member who lost job in 2009? He\u2019s back to work \u2026 as an architect.<\/p>\n\n

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The U.S. Labor Department today reported 162,000 jobs were added to the nation\u2019s payrolls in July, while the jobless rate fell to 7.4 percent, the lowest in nearly five years. But still, despite that, the news is being received with a shrug and a \u201cso what?\u201d even from those who detest President Obama and his … Continue reading Jobs are up; jobless rate down \u2026 still no love<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[540,1731,2195,2498,2710,5006],"class_list":["post-3141","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-barack-obama","tag-financial-crash","tag-housing-crash","tag-job-growth","tag-labor-department","tag-unemployment-rate"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/3141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3141"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/3141\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}