Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
September 2, 2014

Chart of the Day

white%20house%20payroll%20chart Chart of the Day

Josh Barro looks at this chart from the White House showing year-over-year changes in job growth, noting that “the job situation has been basically unchanged for the last 30 months.”

“Adding jobs at a pace of about 2 million per year. August’s disappointing report doesn’t materially change that… The problem with the August report isn’t that it was bad; it’s that it wasn’t good. For the past few months, it had looked like the job situation was maybe getting better, with the pace of job growth speeding up to around 2.5 million a year. Now it’s becoming clear that we haven’t broken out of the funk.”

“There are a couple of reasons for optimism, but they are fully offset by reasons for pessimism. Reasons for optimism: 1. The end of public sector job losses… 2. The inevitable return of housing.”

“Reasons for pessimism: 1. The Fed… is signalling that it will pull back. It seems as though Fed officials have decided that a job growth pace around 2 million is about right… 2. The risk of more fiscal dysfunction.”

  • don fong

    another reason for pessimism: the amnesty bill that will add millions more job seekers to an already oversupplied market. not only will the amnesty legalize millions who are already here, it will tempt even more millions to come here illegally.

    • http://foundersfollies.blogspot.com/ Chredon

      The people who are here illegally are already working.

      • don fong

        you’re forgetting about family members, not necessarily working but brought here and still not legal. the amnesty bill will open up many opportunities for them. those who are already working illegally will also of course have more opportunities. more opportunities for them means more competition for the legal citizens in the already-too-croweded labor market.

  • southtpa

    want to put 8 million Americans back to work within two years? enforce the immigration laws.

    • http://foundersfollies.blogspot.com/ Chredon

      Most of the jobs done by illegals are not jobs that Americans really want. Enforcing the immigration laws would rob us to millions of workers who contribute to our economy, but it would not put Americans back to work. (Unless you think an unemployed financial analyst will take a job mowing lawns.)

      • don fong

        “Enforcing the immigration laws would rob us to millions of workers who
        contribute to our economy, but it would not put Americans back to work.” — failure to enforce immigration laws means there are millions of unemployed american citizens who don’t get the chance to contribute to the economy. and as far as mowing lawns, do you think the many children of those mow-n-blow guys are going to be content to mow lawns too? they will be competing with your kids for the good jobs. the argument that “illegals are only doing jobs that americans don’t want” is short-sighted at best.

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