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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by j-mac View Post
    Either they are duping America, or not counting some people that absolutely be counted, or I don't know what, because I sure don't see the problem getting better.
    So when economic data does not mesh with right wing talking points, THEN the data is incomplete?
    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

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by j-mac View Post
    Either they are duping America, or not counting some people that absolutely be counted, or I don't know what, because I sure don't see the problem getting better.

    They tinker around with these stats in DC to the point where no one is telling the truth any more. I am disappointed in the lies.

    j-mac
    partisan much? good god, mac, do you HEAR yourself? we have good news, and you don't like it because god forbid obama get any kind of credit. perhaps you don't see things getting better because you don't want to see them getting better?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by danarhea View Post
    Of course the unemployment rate is sharply down. People are hiring for Christmas. After the holidays, watch it climb back up again.
    this new rate isn't seasonally adjusted?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    So when economic data does not mesh with right wing talking points, THEN the data is incomplete?
    Or.... The data, all the data, doesn't show the unemployment situation to be anywhere near as positive as a .4% drop in unemployment usually indicates.

    If you dispute what the data says, then by all means, let's hear it... If you don't, then your comment comes off as rather pathetic.
    Last edited by Grim17; 12-02-11 at 11:38 AM.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Grim17 View Post
    Or.... The data, all the data, doesn't show the unemployment situation to be anywhere near as positive as the .4% drop in the unemployment that the government published indicates.

    If you dispute what the data says, then by all means, let's hear it... If you don't, then your comment comes off as rather pathetic.
    From bls.gov

    • Government employment continued to trend down in November, with a decline in the U.S. Postal Service (-5,000). Employment in both state government and local government has been trending down since the second half of 2008.
    • Total nonfarm payroll employment increased by 120,000 in November, in line with the average gain for the prior 12 months (+131,000). The private sector added 140,000 jobs, as employment rose in a number of service-providing industries. Government employment continued to trend down.
    • The civilian labor force participation rate declined by 0.2 percentage point to 64.0 percent. The employment-population ratio, at 58.5 percent, changed little.
    • In November, the number of job losers and persons who completed temporary jobs declined by 432,000 to 7.6 million. The number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 5.7 million and accounted for 43.0 percent of the unemployed.
    • The number of unemployed persons, at 13.3 million, was down by 594,000 in November. The labor force, which is the sum of the unemployed and employed, was down by a little more than half that amount.


    If you don't agree with the mechanics behind the unemployment rate, then so be it. But to question the integrity of the data when it is politically inconvenient comes off as hyperpartisan nonsense.
    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

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Another chart that I thought was very telling. It's important to distinguish against job losses and job gains. Although in the chart job losses are ticking down, new jobs remain at all time lows. Undoubtedly this is a sign of uncertainty by employers and will be the number one indicator of the unemployment figure going forward. It seems at this point in the recovery employers have cut most of the jobs they needed to but remain hesitant to hire new workers.

    http://www.bls.gov/news.release/pdf/cewbd.pdf

    Gains vs Losses.JPG
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    The labor market, those looking for jobs shrunk by 315K people that gave up! There is your percentage drop, but it isn't very honest is it?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by liblady View Post
    partisan much? good god, mac, do you HEAR yourself? we have good news, and you don't like it because god forbid obama get any kind of credit. perhaps you don't see things getting better because you don't want to see them getting better?
    Reality is non partisan. Analogy here, if I owe you $20 bucks, and you say forget it, I don't get to claim that I paid you back do I?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by j-mac View Post
    Reality is non partisan. Analogy here, if I owe you $20 bucks, and you say forget it, I don't get to claim that I paid you back do I?


    j-mac
    we have always measured this way.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    additionally, it seems like every report in the past several years begins with the term "unexpectedly," whether it's a rise or drop. it looks like economists might need some new models.

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