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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
    Wow! You mean a whole 15K? Well my god! Call the family, get the celebration on, the depression is OVER! This is such BS.

    The numbers are fake.





    What the?!!! What the hell are you feeding us now? 315 thousand people long term unemployed become discouraged from finding work at all, and they are not unemployed? Well, what are they doing then? Did they find work?

    j-mac
    Kind of funny. When Democrats are in office, good numbers are fake to Republicans. When Republicans are in office, good numbers are fake to Democrats. Damn, I love this country. LOL.
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by j-mac View Post
    So Bush is responsible for Obama fudging the numbers today?? Good God man, get over it, Bush is not in office.

    j-mac
    At this rate the next president will also inherit Bush's failures.
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by j-mac View Post
    So Bush is responsible for Obama fudging the numbers today?? Good God man, get over it, Bush is not in office.

    j-mac
    Bush On Jobs: The Worst Track Record On Record - Real Time Economics - WSJ

    President Jobs created Jobs at end of term Jobs at start of term Payroll expansion Jobs created per year in office Population growth Percent change in population
    George W. Bush 3.0 million 135.5 million 132.5 million 2.3% 375,000 22.0 million 7.7%
    Bill Clinton 23.1 million 132.5 million 109.4 million 21.1% 2,900,000 25.2 million 8.9%
    George H.W. Bush 2.5 million 109.4 million 106.9 million 2.3% 625,000 12.5 million 4.8%
    Ronald Reagan 16.0 million 106.9 million 90.9 million 17.6% 2,000,000 17.3 million 7%
    Jimmy Carter 10.5 million 90.9 million 80.4 million 13.1% 2,600,000 9.8 million 4.3%
    Gerald Ford 1.8 million 80.4 million 78.6 million 2.3% 745,000 5.1 million 2.3%
    Richard Nixon 9.4 million 78.6 million 69.2 million 13.6% 1,700,000 12.3 million 5.7%
    Lyndon Johnson 11.9 million 69.2 million 57.3 million 20.8% 2,300,000 11.3 million 5.6%
    John F. Kennedy 3.6 million 57.3 million 53.7 million 6.7% 1,200,000 8.2 million 4.3%
    Dwight Eisenhower 3.5 million 53.7 million 50.2 million 7% 438,000 23.3 million 12.8%

  4. #54
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    Look. Periods of financial deleveraging for consumers, as well as lenders, have the ability to create a short term structural imbalance in labor markets by way of ensuring skill mismatches. To further complicate the matter, people who have mortgage liabilities are far less capable of moving to areas that offer better employment opportunities (negative factor mobility). Of course a full recovery would require a reduced structural imbalance, but nobody is arguing (at least i am not) that the labor market has completely recovered.

    This is good news. Those that i have responded to in this thread were talking out of their partisan asses.
    I agree with pretty much everything you said.

    Instead of attacking a strawman (show me where i claimed the depression is over), why not put your time into doing some research on a topic you feel strongly enough to argue about. Last month, the civilian non-institutional population increased by 128,000 while the number of people employed increased by only 100,000. Can you tell me how many times since July 2007 where employment gains have been greater than or equal to CNIP increases, on a per month basis?
    Zerohedge puts it into perspective:

    "Here are the four most important data points and charts from today's job report: the civilian labor force declined from 154,198 to 153,883, a 315K decline despite the civilian non-institutional population increased (as expected) from 240,269 to 240,441: always the easiest way to push down the unemployment rate. Percentage wise this was a drop from 64.2% to 64.0%: the lowest since back in 1983. Naturally, this would mean that the people not part of the labor force rose, and indeed they did by 487,000 to a record 86,558 from 86,071. This also means that more people are looking for a job: and indeed, the number of "Persons who want a job now" rose by 192K to a record 6.595 million. And lastly, confirming the behind the scenes disaster of the US jobless picture, the average duration of unemployment rose to a new record 40.9 weeks from 39.4 weeks previously. And that is your "improving" jobless picture in a nutshell."

    I'll emphasize again that I agree this is good news. Certain people want to paint it to be worse than it is and others want to paint it better than it is. That's partisanship at it's finest.
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Dittohead not! View Post
    I wonder what we'd come up with by dividing the number of adults who have full time jobs that pay a living wage by the number who are neither retired nor staying home to raise children while the spouse is the breadwinner?

    I'd be willing to bet it wouldn't be over 75% or so.

    "Living Wage"? You mean like the OWS demand of Living wage? And why look for yet another way to give BS numbers to make the current criminal in the WH look better?

    Anyone who actually thinks that this country is better off today than when Obama came into office I would suggest is seriously delusional.

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

    Quote Originally Posted by Aunt Spiker View Post
    That's because people have fallen off of unemployment and aren't looking for work - so they are no longer counted.

    It's an illusion - it does not mean that all those people actually *found* employment.
    That's right, 315,000 have given up looking, so they are no longer counted. This is not bad news for anybody but Obama.

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

    Quote Originally Posted by j-mac View Post
    So Bush is responsible for Obama fudging the numbers today?? Good God man, get over it, Bush is not in office.

    j-mac
    I'm not blaming Bush at all. Just noticing that the same people who thought he was wonderful are horrified when Obama's actions are similar.


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

    Using the BLS U3 unemployment methodology, if everyone lost their jobs and quit looking, the unemployment rate would be ZERO........idiotic.
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Rhapsody1447 View Post
    I'll emphasize again that I agree this is good news. Certain people want to paint it to be worse than it is and others want to paint it better than it is. That's partisanship at it's finest.
    To be fair, nobody is claiming that we are in full recovery mode while others are stating that the numbers are fake, Obama is a liar, and leave Bush alone.
    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.
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by conservativeguy View Post
    Using the BLS U3 unemployment methodology, if everyone lost their jobs and quit looking, the unemployment rate would be ZERO........idiotic.
    In translation: you have nothing important to add to the discussion.
    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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