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

  1. #21
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Rhapsody1447 View Post

    U.S. Jobless Rate Unexpectedly Declines to 8.6% - Bloomberg

    Good news for everybody except Gingrich/Romney. These economists are becoming laughable with their predictions as it seems almost every job report misses expectations and is later revised by 2 standard deviations. This one they were "right on" as payrolls came in as expected at 120k but the unemployment rate unexpectedly decline. Some pessimists are attributing this to a decline in the labor force. Either way, unemployment rate is now below 9%, the lowest it's been since it peaked at 10.1% back in March 2009.


    wait, so, now, in November December, 120,000 retail jobs were created (besides those lost off the roles), You don't say!


    Give me the numbers for January and we'll talk.
    Let evil swiftly befall those who have wrongly condemned us

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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?
    It would seem that everyone realizes that the data is not complete......other than yourself it would seem. This bogus way of counting unemployment was created long before Obama and it was equally as bogus then.

    Just because those 315,000 have nowhere else to look for a job does not mean they no longer want a job.
    Last edited by 1Perry; 12-02-11 at 12:23 PM.

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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
    Also, she does not get to claim that $20 as an outstand debt owed to her.

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

    Quote Originally Posted by Helix View Post
    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.
    I do get a kick out of this. It must be nice to be wrong every month and still keep your job.

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

    Quote Originally Posted by j-mac View Post
    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
    Unsubstantiated nonsense. Table A-1 clearly states that there are 594,000 less unemployed people than last month. Whether or not they "gave up" is something you cannot determine strictly from the participation rate.

    How many people retired, went back to school, started their own business, etc...?
    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%

    The 120K is really a net increase of Gov & Private sector jobs, in fact 140K private sector jobs were created as you can see from the following data taken from bls.gov.

    November makes it 21 straight months of private sector job growth since March 2010 (total 2.9 million jobs), which is sad for those conservatives who are invested in seeing President Obama and the economy fail.

    1-Month Net Change
    Series Id: CES0500
    000001
    Seasonally Adjusted
    Super Sector: Total private
    Industry: Total private
    NAICS Code: -
    Years: 2008 to 2011
    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
    2008 4 -128 -87 -186 -240 -217 -265 -317 -434 -491 -787 -636
    2009 -841 -721 -787 -773 -326 -438 -287 -215 -213 -250 -34 -102
    2010 -42 -21 144 229 48 65 93 110 109 143 128 167
    2011 94 261 219 241 99 75 173 72 220 117 140

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

    Quote Originally Posted by 1Perry View Post
    It would seem that everyone realizes that the data is not complete......other than yourself it would seem. This bogus way of counting unemployment was created long before Obama and it was equally as bogus then.

    Just because those 315,000 have nowhere else to look for a job does not mean they no longer want a job.
    Are you stating that the 315 who left the labor force were discouraged? If so, please do continue!
    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 liblady View Post
    we have always measured this way.
    And in your mind that makes it ok??

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    Quote Originally Posted by ReverendHellh0und View Post
    wait, so, now, in November December, 120,000 retail jobs were created (besides those lost off the roles), You don't say!
    If we do not go by seasonal adjustment, the unemployment rate is 8.2%.
    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 Goldenboy219 View Post
    If we do not go by seasonal adjustment, the unemployment rate is 8.2%.

    So these numbers are legit? Good. I hope it continues in January.
    Let evil swiftly befall those who have wrongly condemned us

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