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Scooped by Emily Koehn
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US Economy Adds 157,000 Jobs; Rate Up to 7.9%

US Economy Adds 157,000 Jobs; Rate Up to 7.9% | 2012electionscoops | Scoop.it
Payrolls rose 157,000 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Fed's monetary policy.
Emily Koehn's insight:

I found this article interesting because it put into perspective just how many more jobs will need to be created in order for there to be a significant change in the unemployment rate. With over 157,000 jobs added, the employment rate remained close to the 8% mark, hardly shifting it at all. This brought to my attention that while news such as this sounds positive, there is the underlying factor that affects milions of Americans. 

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Haley Haegner's curator insight, February 3, 2013 12:27 PM

This article talks about how employment grew in january but not at a good enough rate. It is still moving up very slowly.  Retail, construction and healthcare all added more jobs. But to contradict that, congress wants to inflict budget cuts that will only hurt the american families therefore doing damage to the economy. Unemployment moved a little bit lower for the first time in two years, so it looks as if the economy is improving. However we can not foreget the discouraged workers who have stopped working for a job could have lowered the unemploymnent rate. Wages did rise 4 cents an hour and their is job creation being put in place. So hopefully we will see the economy moving in a positive direction. 

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The only chart you need on the GDP report

The only chart you need on the GDP report | 2012electionscoops | Scoop.it
Last quarter's GDP report has been been called "the best-looking contraction in US GDP you’ll ever see." Here's the exact picture it paints.
Emily Koehn's insight:

The graph sums up each component of the GDP. It shows that while consumer spending and investments were increasing by over 1.5%, defense/government and trade was decreasing at around 1.25%.

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Christina Breitbeil's curator insight, February 7, 2013 12:55 AM

This graph was very interesting to observe, because it offered insight into the complexities behind the number that is the collective GDP, which in this article is a fall in 0.1%. It was significant, in my opinion, that although the total GDP was a decrease, consumer and investment spending is doing exceptionally well. This just goes to show that the economy may be somewhat more stable than how it appears on the surface.

Zachary Beery's curator insight, February 7, 2013 11:44 AM

This chart shows the percent change in each department of the GDP. Whether it is going up or down. It shows an increase in consumer spending so that is a good sign for the economy.

Sarah Nguyen's curator insight, February 13, 2013 8:09 AM

This article and it's graph of the breakdown of the GDP is very reader friendly and easy to understand. It is very clear and obvious that the components of the GDP that are making the whole suffer the most are business inventory and federal defense spending. While reading, there was one comment by another reader that especially caught my eye. They reasoned that because many people were anticipating a pro-business Romney to win the election in the third quarterr of 2012, they planned ahead with increased inventories and expansion.

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Why defense spending plunged 22% last quarter — and killed GDP

Why defense spending plunged 22% last quarter — and killed GDP | 2012electionscoops | Scoop.it
Had the Pentagon not cut back on spending, the economy would have grown at a weak but positive 1.27 percent pace.
Emily Koehn's insight:

This article explains the effects that defense spending has on the national GDP. The cut in expenditures is a directly relaed to military activity, which provides evidence that the GDP is greatly affected by military endeavors. 

 

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Patrick Wan's curator insight, February 6, 2013 12:59 PM

The article makes a point that economic growth is stunted by government cut backs on spending; such that had the government continued to spend at the same amount then it would actually recieve positive GDP output rather than the 22% plunge that it is experiencing at the moment.

Yessenia Leal's curator insight, February 6, 2013 2:40 PM

Givernment military spending greatly affected the GDP last year. The Pentagon spent less money on military spending. That means less spending with Irag and Afghanistan. If the Pentagon had spent this amount of money then the amount would of grown

Matt Kellogg's curator insight, February 6, 2013 10:01 PM

shows how much the defense spending cuts hurt the GDP, why it looks bad

Rescooped by Emily Koehn from AP Government & Politics
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Twitter mocks Newsweek's 'Muslim Rage' cover

Twitter mocks Newsweek's 'Muslim Rage' cover | 2012electionscoops | Scoop.it

MEDIA Unit

Newsweek's web trolling backfires with Twitter hashtag #MuslimRage.

 

Summary: This article is displaying how many people resonded to Newsweeks invitation to tweet with the hashtag "Muslimrage". It is showing the different reactions and directions that people took in expressing their opinions and views of the article and current situation

 

Analysis: I believe that the article shows how people in today's society cope and handle otherwise horrible situations. While some would call this mocking and disrespect, I believe that this is merely the way that people let loose and make light of a dark situation. At this point, there is not much that anyone in the general public is able to do and through voicing their opinion, they show that not everyone is afraid. 


Via Teresa Herrin
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