Page 3 of 22 FirstFirst 1234513 ... LastLast
Results 21 to 30 of 220

Thread: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

  1. #21
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by The Prof View Post
    christina romer told us unemployment would be 6.5 by now

    Romer and Bernstein on stimulus - NYTimes.com
    The United States is doing exceedingly well in Democrat Imaginationland..........



    ----------Worse Than Doing Nothing--Barack HusSame Obama------
    .
    .
    .
    .

  2. #22
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Badmutha View Post
    The United States is doing exceedingly well in Democrat Imaginationland..........



    ----------Worse Than Doing Nothing--Barack HusSame Obama------
    Given the size of stim funding, it should be blatantly clear (for someone who understands fiscal policy) that this administration underestimated the sheer downward velocity of this recession. There are still people on this very forum that believe "things were worse in the 1980's", so why are you using it as a premise for your argument?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #23
    Banned
    Join Date
    May 2011
    Last Seen
    10-16-11 @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,845

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by PeteEU View Post
    Yes but that is what happens when you have a two party system where one party only knows how to say NO!
    Good to see you haven't scaled back the partisan bigotry.

  4. #24
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    Yesterday @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    I'm still waiting for someone to give me a serious, God-honest answer as to why the ADP and BLS numbers are always so far apart, and why their roles seem to have been reversed in recent months. Does this call into question just how accurate such reports are, and if it is even possible for us to get a clear, unadulterated picture of the actual "jobs added" number.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  5. #25
    Banned
    Join Date
    May 2011
    Last Seen
    10-16-11 @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,845

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by 1Perry View Post
    When the GOP wanted to raise the debt ceiling, Obama said "no".
    That may have been the one time when The One was right.

  6. #26
    Bring us a shrubbery!
    tessaesque's Avatar
    Join Date
    Apr 2011
    Location
    Plano, Texas
    Last Seen
    11-09-17 @ 06:18 PM
    Gender
    Lean
    Other
    Posts
    15,910

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by StillBallin75 View Post
    I'm still waiting for someone to give me a serious, God-honest answer as to why the ADP and BLS numbers are always so far apart, and why their roles seem to have been reversed in recent months. Does this call into question just how accurate such reports are, and if it is even possible for us to get a clear, unadulterated picture of the actual "jobs added" number.
    Did you look at how the generate their numbers? Maybe they have different methods of data collection or only focus on specific segments? I dunno...
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


  7. #27
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    Yesterday @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by tessaesque View Post
    Did you look at how the generate their numbers? Maybe they have different methods of data collection or only focus on specific segments? I dunno...
    I've been googling, but many of the results i'm getting are from like last year when ADP had low numbers and BLS had high numbers, and the difference was apparently due to the fact that ADP doesn't take into account new business creation, while BLS seemed to overstate it. Now the roles are reversed and that explanation no longer makes sense. I will have to dig deeper.

    In simple terms, BLS uses a household survey, while ADP gets payroll reports from firms. Another difference is ADP only takes into account private job growth, disregarding the public-sector jobs that are being lost every month due to budget cuts.
    Last edited by StillBallin75; 07-08-11 at 01:48 PM.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  8. #28
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Goldenboy219 View Post
    Given the size of stim funding, it should be blatantly clear (for someone who understands fiscal policy) that this administration underestimated the sheer downward velocity of this recession.
    Obama never ran so much as a lemonade stand.....the majority of his administration never ran so much as a candy store........

    .........it wasnt so much "underestimated" as it was "complete and utter cluelessness".......and then the administration wrote a stimulus bill without having a clue on how to stimulate an economy.

    There are still people on this very forum that believe "things were worse in the 1980's", so why are you using it as a premise for your argument?
    Because there are those that believe....

    ---Without Obama/FDR it would have been worse.....and when its worse......it would have been worser------
    .
    .
    .

  9. #29
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by StillBallin75 View Post
    I'm still waiting for someone to give me a serious, God-honest answer as to why the ADP and BLS numbers are always so far apart, and why their roles seem to have been reversed in recent months. Does this call into question just how accurate such reports are, and if it is even possible for us to get a clear, unadulterated picture of the actual "jobs added" number.
    Basically, it is an employer survey vs a household survey.

    Which means that employers were far more upbeat on their labor market prospects than those who actually labor.

    From ADP:
    It (their survey) is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #30
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    Yesterday @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    June jobs report: Hiring slows, unemployment rises - Jul. 8, 2011

    "You look at the charts for private sector growth and you could see, we were building a nice, steady crescendo," Brusca said. "All of a sudden the bottom fell out!"

    The main culprit economists are point to: uncertainty.

    Businesses are hesitant to hire given uncertainty surrounding federal spending cuts and tax policy, as Congress still has yet to reach an agreement on the debt ceiling and long-term measures for trimming the nation's deficit.
    "I think a lot of this is the backlash to the impasse in Washington," Brusca said. "If you're a small business man, you sit back and say I'm not doing anything, I'm not hiring -- until I see what happens in Washington."

    But a variety of other factors also could have contributed to the recent weakness.
    "There isn't a single silver bullet -- there are a number of factors coming together," said John Silvia, chief economist for Wells Fargo. "The tsunami, floods, higher gas prices, and the stalemate in Washington all create a lot of uncertainty."
    Makes you realize just how many exigent factors there are that contribute to the economy besides just Presidential economic policy.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

Page 3 of 22 FirstFirst 1234513 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •