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Thread: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Wiseone View Post
    If there was a net loss in jobs, why did the unemployment rate fall? In other words how can less people be employed if there are less jobs in the economy?
    Dropped out of the work force means that they aren't looking for jobs. Someone who is retired, or in college, for example, is not unemployed.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by j-mac View Post
    See, that's the fishy thing here...You tell me how it is a jobs gain when 500K people drop out of the numbers counted and you only add 300K jobs?


    j-mac
    You are absolutely correct, this has to be put into context and have to look at the total picture. It is rather frustrating to see victory laps being taken by someone who is implementing policy totally contradictory to the foundation upon which this country was built and to see numbers skewed because of accounting practices.

    We have a growing population and a declining labor force, how is that positive?
    We have people dropping off the unemployment roles because theya re discouraged, how is that positive?
    We have almost 24 million unemployed/under employed Americans, how is that positive?
    We have more unemployed today than when Obama took office by over a million, how is that positive when the debt has increased by 4.5 trillion dollars?

    Liberals are going to take the December report as a positive as once again they ignore the data that went into that report. Obama supporters will read the headlines and ignore the total story.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Conservative View Post
    You are absolutely correct, this has to be put into context and have to look at the total picture. It is rather frustrating to see victory laps being taken by someone who is implementing policy totally contradictory to the foundation upon which this country was built and to see numbers skewed because of accounting practices.

    We have a growing population and a declining labor force, how is that positive?
    We have people dropping off the unemployment roles because theya re discouraged, how is that positive?
    We have almost 24 million unemployed/under employed Americans, how is that positive?
    We have more unemployed today than when Obama took office by over a million, how is that positive when the debt has increased by 4.5 trillion dollars?

    Liberals are going to take the December report as a positive as once again they ignore the data that went into that report. Obama supporters will read the headlines and ignore the total story.
    No good news goes unpunished, eh Con?

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Samhain View Post
    The number of people that stopped looking for work outnumbered those that started looking for more work. The "new jobs", the net gains mainly reported, are being being offset directly by new job entrants( population expansion ) and those that gave up looking for work returning to look. Because of these factors, the unemployment level dropped.

    Please note, they changed the calculation again with this report. The last 4 years of unemployment numbers have actually been adjusted up.

    And, they will be making a further modifications that will affect numbers going forward.

    So, I am correct in feeling that these numbers are pure trash, and mean nothing.

    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. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by j-mac View Post
    See, that's the fishy thing here...You tell me how it is a jobs gain when 500K people drop out of the numbers counted and you only add 300K jobs?
    I'm guess the article already factors it in as a net loss/gain, rather than giving the reader the gross gains/losses without identifying them as such. Otherwise if there was a net loss, the unemployment rate would have risen. Unemployment obviously fell according to the article so therefore one would assume that meant jobs were added rather than lost. So either your math is wrong, because what you assume is a gross change is actually a net change, or the article is lying?

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by AdamT View Post
    Dropped out of the work force means that they aren't looking for jobs. Someone who is retired, or in college, for example, is not unemployed.
    So, 500K people retired or enrolled in collage in the last two months? Bull!


    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. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by AdamT View Post
    No good news goes unpunished, eh Con?
    Just telling the rest of the story, why aren't you?

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    For those who are interested, the methodology behind the two surveys utilized in the Employment Situation Report can be found at: http://www.bls.gov/web/empsit/ces_cps_trends.pdf

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by donsutherland1 View Post
    For those who are interested, the methodology behind the two surveys utilized in the Employment Situation Report can be found at: http://www.bls.gov/web/empsit/ces_cps_trends.pdf
    What should be noted is that since 1994 Discouraged workers have not been counted as unemployed in the official unemployment number whereas prior discouraged workers were. In addition a reduction in the labor force should be of concern to everyone especially with a growing population.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Distorted facts, always distorted facts from this Administration...never a mention of those who fell waaaaaaaaaaaaaaaay off the chart because unemployment ran out. Typical.

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