August Job Numbers

Friday, September 03, 2010

James Parrott, deputy director and chief economist at the Fiscal Policy Institute, and Douglas Holtz-Eakin, president of the American Action Forum, a member of the Financial Crisis Inquiry Commission, and former director of the Congressional Budget Office, discuss national and local job numbers for August.


Douglas Holtz-Eakin and James Parrott

Comments [14]

Victor from NJ

I listened to the broadcast on the "job-less recovery" with a cynical eye. Really no bull! As much chicanery went on, on Wall Street went on at every actual company that does business in the US. As a former owner of a small manufacturing company my thinking is that as companies have OUTSOURCED everything except the doorman, sure the companies profits are up but all of the stimulus $ are flying off shore, just like the hurricane. As far as I can tell all the smart guys really do not seem to get it.

Sep. 03 2010 04:04 PM
SuzanneNYC from UWS

So vote Republican my friends and things are sure to get better. Just remember, those who forget history are doomed to repeat it.

Sep. 03 2010 10:29 AM
Richard Williams from Larchmont, NY

My wife and I are both unemployed. We are very frustrated at not being able to find work to pay our bills. My wife did clerical work for a major insurance company, I am trying to get back into a school district as a music teacher/band director.

Sep. 03 2010 10:25 AM

Yeah, my eyes can't stop rolling!

Sep. 03 2010 10:24 AM
Lonnie from Brooklyn!!!!!

I keep hearing 'Employment Experts' spewing this 'Lazy Econ groupthink' about how Job Seekers will just '. . .Sell the house and move to another city for better prospects. . '

Brian-- Get your heads out of the Upper East Side and Park Slope! MOST PEOPLE do NOT have half a million in the bank. Or work on Wall Street! When MOST ordinary Middle Class People get unemployed-- they DON'T SELL THE HOUSE AND GET ON THE PLANE! The same applies for RENTERS. The RENT already eats most of a working couple's paycheck!

Everybody is NOT a self-employed entrepreneur or a footloose Starbucks counter person! A LOT of us are ROOTED and when the job numbers go South, we have to weather the storm and survive as best we can.

Sep. 03 2010 10:23 AM
Robert from NYC

Right on Sophie, you got that right!
This segment is nauseating me.

Sep. 03 2010 10:22 AM
Amy from Manhattan

I notice Mr. Holtz-Eakin omitted unemployment when he listed things he thought the stimulus was the wrong approach for....

Sep. 03 2010 10:20 AM
Robert from NYC

The social benefits? Well we can get them back if CEOs would lower their salaries

Sep. 03 2010 10:20 AM
LG from Brooklyn NY

Please explain how someone leaves or re-enters the job market in a way that registers on unemployment stats.

The line I hear repeated today about the numbers going up because unemployed people have hope of getting a job and so start looking again seems like a "fact" reflected through a carnival mirror.

Sep. 03 2010 10:16 AM
Sophie from Poughkeepsie, NY

One week the "economists" say things are looking good. The next week things are looking bad. And so we swing back and forth like this. It's pretty clear to me that these "experts" have no clue. As far as "strong numbers" are concerned, all you have to do is look at your Main Street to witness, closed shops and in the neighborhoods, foreclosed homes--that's more of a reality check than listening to these folks...

Sep. 03 2010 10:13 AM
Robert from NYC

Oh cut the baloney every day there's a smaller number of unemployed for the week we get this "chipper" everything is fine message and then the next week higher. These people are getting as boring as these shows who have therm on dealing out information they really know nothing about. It's all guess work and the classic american "give them good news and keep 'em happy" while the world is crumbling around us. This is Fantasyland kids we all live in Disneyland, it's the american way, it's the american culture... if even to dignify it with that word. To quote Rep Kucinich, "Wake up America!"

Sep. 03 2010 10:12 AM

Oh Martin: Blaming Obama? Are you really that uninformed?

Sep. 03 2010 10:11 AM

I was surprised to see which states had the lowest numbers, mainly on the plains?
but for the states with the highest unemployment, nevada, michigan (always) flordia etc maybe it means people should move from those unsustainable places, get jobs where the jobs are. also plan to retrain yourself.

Sep. 03 2010 10:08 AM
Martin Chuzzlewit from Martin Chuzzlewit

Obama COULD have been restoring our economy over the past 20 months instead of having it worsen and turn into a long slump that will be around for years. He COULD have focused on inducing growth in our economic engine by at least pretending to be a friend of business and pretending to know what actually creates real jobs.

No, instead his friends on the hard left convinced him that the "real" emergencies were......

We had a "global warming crisis" that he had to address with a 2500 page cap-and-trade bill that was a lemon which they wasted months working on.
We had an acute "health care crisis" so he spent a year pushing a bill that won't take effect for four years.
There was a "hedge fund regulation" crisis so he spent 4 months on that.

Of course, the Obama media went along with the fiction that these were "jobs" programs. It's going to get worse boys and girls.

If the media ever starts assessing and reporting on this guy objectively, he will be in big trouble.

Sep. 03 2010 09:55 AM

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