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

  1. #241
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    It beats the hell out of the 9.8 it was at this time last year.
    Really?

    employed

    Nov 2010 - 138,909,000
    Nov 2011 - 140,580,000

    Yr/Yr Change - 1,671,000

    Not in labor force

    Nov 2010 - 84,765,000
    Nov 2011 - 86,558,000

    Yr/Yr Change - (1,793,000)

    Labor force participation rate

    Nov 2010 - 64.5%
    Nov 2011 - 64.0%

    -----------------------------

    Candidly, I don't think those numbers support the notion we are far better off now than a year ago. If you adjust the unemployment number for all the people that have simply given up looking for a job over the last 12 months (these folks are removed from the denominator), the unemployment rate would 9.7%. Wow, the true unemployment rate has dropped a whopping .1% over the last year. We have a growing population and a declining work force participation rate ........ tell me how that is good news?
    I love the smell of burning moonbat in the morning.

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

    Quote Originally Posted by conservativeguy View Post
    Really?

    employed

    Nov 2010 - 138,909,000
    Nov 2011 - 140,580,000

    Yr/Yr Change - 1,671,000

    Not in labor force

    Nov 2010 - 84,765,000
    Nov 2011 - 86,558,000

    Yr/Yr Change - (1,793,000)

    Labor force participation rate

    Nov 2010 - 64.5%
    Nov 2011 - 64.0%

    -----------------------------

    Candidly, I don't think those numbers support the notion we are far better off now than a year ago. If you adjust the unemployment number for all the people that have simply given up looking for a job over the last 12 months (these folks are removed from the denominator), the unemployment rate would 9.7%. Wow, the true unemployment rate has dropped a whopping .1% over the last year. We have a growing population and a declining work force participation rate ........ tell me how that is good news?
    Now there you go confusing a liberal with data. You know you shouldn't do that. As has been posted here no thinking person believes the unemployment rated dropped .4% with only 120,000 new hires last month.

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

    Quote Originally Posted by haymarket View Post
    So lets get this straight once and for all.

    When the unemployment numbers rise - that is an important barometer of the political winds and it is BAD NEWS for President Obama and is a sign he will surely lose in 2012.
    But when those numbers go down - it don't mean a damn thing.

    Got it.
    No, you don't get it at all.

    Until the number jumps to about 11%, we aren't in recovery mode.

    We will be in recovery mode when have 6-8 weeks of weekly unemployment claims around the 300k range, and 3-4 months of monthly job numbers show 300k+ in net job gains.

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

    Quote Originally Posted by Conservative View Post
    Now there you go confusing a liberal with data. You know you shouldn't do that. As has been posted here no thinking person believes the unemployment rated dropped .4% with only 120,000 new hires last month.
    They can have their own opinions but they can't have their own facts. They rely on the econtards at MSNBC, the DailyKOSNuts and the mainstream media to spoon feed them their disingenuous talking points.
    I love the smell of burning moonbat in the morning.

  5. #245
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by conservativeguy View Post
    Really?

    employed

    Nov 2010 - 138,909,000
    Nov 2011 - 140,580,000

    Yr/Yr Change - 1,671,000

    Not in labor force

    Nov 2010 - 84,765,000
    Nov 2011 - 86,558,000

    Yr/Yr Change - (1,793,000)

    Labor force participation rate

    Nov 2010 - 64.5%
    Nov 2011 - 64.0%

    -----------------------------

    Candidly, I don't think those numbers support the notion we are far better off now than a year ago. If you adjust the unemployment number for all the people that have simply given up looking for a job over the last 12 months (these folks are removed from the denominator), the unemployment rate would 9.7%. Wow, the true unemployment rate has dropped a whopping .1% over the last year. We have a growing population and a declining work force participation rate ........ tell me how that is good news?
    Spin it however you like -- it's obviously an improvement. Over all it's not great that the work force is shrinking, but people aren't uniformly leaving because they simply can't find work. Baby boomers are moving into retirement which accounts for part of it. Part of it is that people are going back to school because the skills they have don't meet the needs of the current market.

    Some numbers you somehow failed to report were:

    Discouraged workers:

    Nov 2010 - 1,282
    Nov 2011 - 1,096

    Job losers and persons who completed temporary assignments:

    Nov 2010 - 9,471
    Nov 2011 - 7,574

    Job leavers

    Nov 2010 - 867
    Nov 2011 - 1,007

    So manufacturing is up, consumer confidence is up, consumer spending is up, retail sales are up, service industry employment is up, and unemployment is down. Clearly the sky IS falling!
    Last edited by AdamT; 12-04-11 at 12:35 PM.

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

    Quote Originally Posted by AdamT View Post
    Fox News gets smashed by all three of the network news broadcasts.
    LOL.

    November's cable news ratings are out and here we go again! Like clockwork, Fox News dominated the ratings.
    Cable News Ratings: Top 30 Programs For November 2011 (PHOTOS, POLL)

    I have a problem with them because they are BLATANTLY partisan.
    Sure.
    Last edited by Misterveritis; 12-04-11 at 01:59 PM.

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

    Quote Originally Posted by whysoserious View Post
    Because there are a lot of partisan hacks in this country? And dumbasses?
    I suppose that would be just about all of us who are in the 53% who pay the federal income tax. Or put another way, the achievers watch Fox News. The rest of you are split between the state run media outlets. Got it.

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

    Quote Originally Posted by AdamT View Post
    You missed the point. Fox News gets obliterated by the NETWORK news broadcasts, i.e., ABC, NBC, and CBS -- not the cable news shows. The primetime network news broadcasts each pull in two to three times as many viewers as Fox's primetime news broadcast.

    Network Evening News Ratings Up Across The Board
    Well, you do have to take into consideration that FNC is a CABLE channel. I can get ABC, NBC and CBS at my house for free. I hate their news, but its all I have as I don't subscribe to any providers for TV. So if someone were to ask me what I watch, I'd have to answer one of those or nothing at all. You're comparing network vs cable, and really nobody does that. FNC vs CNN would be fair. CBS vs ABC would be fair. I mean, how many millions of people out there only get one of the networks and can't watch FNC if they wanted to? See what I mean?

    That's why the links I showed were more accurate, comparing apples to apples. I sure thought that FNC had more viewers anyway, even though they were cable only. Oh well, such is life in the valley.
    Last edited by dontworrybehappy; 12-04-11 at 01:59 PM.

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

    Quote Originally Posted by Dittohead not! View Post
    and in '13, when it's still up, Gingrich can blame Obama.
    I agree it is likely to be President Gingrich. I doubt he will blame the one term Marxist president Obama.

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

    Quote Originally Posted by Misterveritis View Post
    I agree it is likely to be President Gingrich. I doubt he will blame the one term Marxist president Obama.
    He'll be too busy blaming FDR.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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