Is the U.S. Economy Recovering?
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Every month the US Bureau of Labor Statistics releases an Employment Situation Summary, but whether the report is positive or negative depends greatly on who interprets it. What does the job report actually mean? Is our economy on a rise or decline? Go to http://testtube.ting.com to find out how much you could save by switching your mobile service. Get $25 in Ting credit and help support the show! Learn More: Jobs Report: August numbers prove US economy is in crisis http://www.foxnews.com/opinion/2014/09/05/jobs-report-august-numbers-prove-us-economy-is-in-crisis/ "The U.S. economy created only 142,000 jobs in August, down from 212,000 in July, indicating the economy significantly slowed this summer." A Disappointing Jobs Report May Mask Economy's Strength http://www.npr.org/2014/09/05/346124656/a-disappointing-jobs-report-may-mask-economys-strength "The latest employment numbers indicate a slowdown in job growth, but many economists aren't buying it." The "meh" US jobs report for August in two simple charts http://qz.com/260452/the-meh-us-jobs-report-for-august-in-two-simple-charts/ "The US economy added 142,000 jobs in August, falling short of expectations." How to read a jobs report http://www.washingtonpost.com/blogs/wonkblog/wp/2012/09/07/how-to-read-a-jobs-report/ "I noticed a fair amount of confusion Friday morning as to whether this was a good or a bad jobs report." A simple guide to reading those monthly jobs report numbers http://www.washingtonpost.com/blogs/the-fix/wp/2014/09/05/how-to-read-those-monthly-jobs-report-numbers/ "The August jobs report, released Friday, was worse than expected, suggesting that the country added only 142,000 jobs last month." Economic News Release http://www.bls.gov/news.release/empsit.nr0.htm "Employment Situation Summary" Chart Book: The Legacy of the Great Recession http://www.cbpp.org/cms/index.cfm?fa=view&id=3252 "The United States went through its longest, and by most measures worst economic recession since the Great Depression between December 2007 and June 2009." Hiring, Slows In August, But Unemployment Dips to 6.1 Percent http://www.npr.org/blogs/thetwo-way/2014/09/05/346030001/hiring-slows-in-august-but-unemployment-dips-to-6-1-percent "The August jobs report from the Bureau of Labor Statistics is a mixed one: It shows that hiring slowed in August, but the unemployment rate dipped a tenth of a percent." Watch More: Should we raise the minimum wage? https://www.youtube.com/watch?v=vg2xW1xFj2c&list=UUgRvm1yLFoaQKhmaTqXk9SA Subscribe! http://www.youtube.com/subscription_center?add_user=testtubenetwork _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubedailyshow/ Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Tara Long on Twitter https://twitter.com/TaraLongest Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq
Comments
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Economy is shit. Don't need a chart to tell you that.
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North Korea has no unemployment. North Korea is superior it's the no 1 country in the world.usa unemployment is 42% USA has 58% labor participation rate
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Could you do a video about APEC or ASEAN?
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Lol you guys are absolute savages wrecking the shitty news channels, good work.
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fucking fox news.
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DOES JOBS ACTUALLY WHEN TO PEOPLE 55 AND OLDER, BECAUSE THEY COULDN'T AFFORD TO RETIRE, AND ALSO YOUNGER PEOPLE NOW ACCEPT PART TIME JOBS, MAKING HALF OF THEY EXPENSES RENTING.
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DONT BE IGNORANT PEOPLE, SEE THE CHART, NO ONE SAW THE 08 CRISIS, JUST LIKE IT WOULD HAPPEN IN THE SHORT TERM, PLEASE LOOK FOR A VIDEO FROM PETER SCHIFF JUST GOOGLE 2016 CRISIS PETER SCHIFF, SEE THE FEDERAL RESERVE HAS 0%!!!!!!!! INTEREST RATES, JUST LIKE IN THE 00'S DECADE, THAT'S WHAT INFLATED THE REAL STATE BUBBLE, AND THEY HAVE DONE IT AGAIN!!!!!, NOT BE FOOL NOT BE FOOL LIKE WE ALL DID IN EARLY 08, DONT SAVE YOUR MONEY ON PAPER, DO IT ON GOLD, AND SILVER, THIS TIME THERE IS ALOT OF BUBBLES, DEBT BUBBLE, CAR BUBBLE, COLLAGE BUBBLE, DONT TRUST THE GOVERNMENT THEY ALWAYS LIE US, DONT MAKE THEM ABLE TO BAILOUT EVERY GREEDY COMPANY AGAIN!!!
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What is the out-tro song? I'd very much like to know!
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just go with sprint and save not ting unlimited for 35 a month
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only through education america will be the leader of tomorrow. we have the best schools in the world we just need more people finishing college , being Smart is the way to go
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This is actually a really good Test Tube video. I feel like it taught me a skill in giving me a perspective to view the Jobs Report from. If they just told me about what it is, I still would have no idea as to how I should interpret it.
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wtf you didn't really answer the question posed in the title of this video...
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FOX saying "the economy is in crisis" is just more of their anti-democratic propaganda....
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The economy is not recovering, it is completely recovered and now in full boom.
What matters is not how the economy is doing, what matters is how much of the fruits of economic boom are going to the majority of the population. That is where the problem lies. -
There are 34.22 millions of Indians in USA (11.05% of population). With,
38% of doctors in USA are Indians.
32% scientists in USA are Indians.
39% of NASA scientists are Indians.
44% of Microsoft employees are Indians.
38% of IBM employees are Indians.
37% of INTEL scientists are Indians.
33% of XEROX employees are Indians.
and Americans are home less with no JOB , no money for 1 time food
How will Americans get JOBs in their own land ? -
EVERY OBJECTIVE MEASUREMENT OF THE ECONOMY has shown growth since the great recession, which was left for Obama by the previous administration . Fox News and other Right Wingers will never admit that though. They cried for years, "what about the jobs" as Obama's policies righted a sinking ship. They can't say that any more and instead cry that it didn't happen faster. The truth does have a liberal bias.
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The US economy isn't just recovering, it's changing. There's now more protection from bank collapses and the federal government insures the average Joe for 250k dollars. That helps the middle class immensely. And the unemployment rate has dropped lower than even 2000 levels and the economy is growing at a faster, although less sustained, pace than it has in a decade. Also there's much more financial help for the poor and we've seen a higher transition from poor to middle class, and middle class to rich, than we've seen since the 90's. I think the US economy is heading for a boom; however, this boom will only come in another decade or so. The US is suffering from growing pains currently while establishing an even more safe micro and macro economy. Which is in part why this recovery has taken 5 years to settle in. But I think the recession was good for us, it's now unlikely that recessions will hurt as much as they did in the past and contractions in the economy are going to become rare rather than a twice a decade occurrence.
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What's the point if people aren't being paid a fair wage?
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