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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 PeteEU View Post
    You mean like Conservatives ignored the same numbers under Bush?
    Average unemployment rate during Bush's term was 5.2%.

    Just a wee bit better than Obama's.

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

    Quote Originally Posted by Gill View Post
    Average unemployment rate during Bush's term was 5.2%.

    Just a wee bit better than Obama's.

    We’ll compare them after Obama competes his two terms.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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

    Quote Originally Posted by PeteEU View Post
    You mean like Conservatives ignored the same numbers under Bush?
    The numbers were never that high under Bush, but Bush isn't in office. It is three years into the Obama Administration and if any Republican had these kind of numbers you would be outraged and going ballistic.

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

    Quote Originally Posted by PeteEU View Post
    `

    Simple.

    Growing population means squat. Newborns are not counted as part of the labour force before they are 15. Sure there is immigration (legal) but there is also deaths...

    Babyboomers = new people into the labour force + people reentering the labour force, then you have no change.
    Babyboomers > new people into the labour force + people reentering the labour force, then you have a lower labour force participation number.
    Babyboomers < new people into the labour force + people reentering the labour force, then you have a growth in the labour force.

    To this you have to add deaths of course.. and of course there is no real statistics on how much of the "people leaving the labour force" is divided up between deaths, retirements and the statistical "giving up".

    But the point is, babyboomers retiring can have a rather large impact on the labour force at least in the short term.
    Do you always make excuses for the failure of liberalism? Now it is Babyboomer retiring with no evidence that those retirees were the majority of those 315k. Before it was Bush's fault. Liberals never take responsibility for anything.

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

    Quote Originally Posted by AdamT View Post
    Of course the U6 unemployment rate is also falling.
    There are 24 million unemployed and under employed Americans. If a Republican had those numbers you would be outraged. The labor force keeps dropping thus the U-6 will be dropping.

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

    Quote Originally Posted by treedancer View Post
    We’ll compare them after Obama competes his two terms.
    Since that will never happen, I'd be glad to compare Bush's first 3 years with Obama's.

    Or, we could compare Reagan's first three years to Obama's since they both came into office with high unemployment.

    uer_rvo.jpg

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

    Since that will never happen, I'd be glad to compare Bush's first 3 years with Obama's.

    Or, we could compare Reagan's first three years to Obama's since they both came into office with high unemployment.
    I'm curious...what policies would a conservative inact that would cause a massive decrease in unemployment?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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

    Quote Originally Posted by Gill View Post
    Since that will never happen, I'd be glad to compare Bush's first 3 years with Obama's.

    Or, we could compare Reagan's first three years to Obama's since they both came into office with high unemployment.

    uer_rvo.jpg
    Why don't you compare Bush's last three years with Obama's first three years. Then you'll understand why Obama's numbers are what they are.

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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
    Funny thing is, I remember this conversation when Bush was president. I could swear you saw it differently then.

    Anyhow, yes, many are likely not being counted. This is almost always the case. that said, it is better to see the numbers improve than not. Kind of like slowing the bleeding.

    But no one should argue it is over.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by iliveonramen View Post
    I'm curious...what policies would a conservative inact that would cause a massive decrease in unemployment?
    Easy.... vote Obama out of office. Once that's done, confidence will immediately return to the business community and they'll start hiring.

    • "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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