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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 satnightpoly View Post
    Too much work to look for work, I like that! Sure times are hard but people need to stop looking for a hand out and at least keep trying. Success is not assured but the opportunity to succeed is, that is the promise of America. If we don't have that then what do we have?
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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    There are more than just so-called "discouraged workers" who want to work and can't find work.

    Here's the main BLS table: Table A-1. Employment status of the civilian population by sex and age.

    Note the 6.385 million people who currently want a job not part of the "unemployed" figure, people the BLS says is way underestimated due to being unable to find many of these people because of their transient and homeless nature, all who are classified as "Not In Labor Force". This is a 60% figure they say, so the real number is closer to 10.642 million.

    When you rightly factor these people into the unemployment rate equation, the true unemployment rate is revealed: 14.43%.

    It's important for us to face the 14.43% more accurate reality, as that gives us a more honest gut-check reaction to the matter.

    And remember last month's "official" rate of 8.6%? Notice it got revised upward to 8.7%.

    Lower-paying new jobs compared to the higher paying previously lost jobs need also be considered.

    Anyone who thinks either liberal Dems or conservative Repubs care about any of the associated suffering is sadly mistaken.

    Until very serious effort is made to return the tens of millions of off-shored jobs to America, there is no "action speaks louder than words" substantive proof that the powers that be in Washington care anything more than keeping their job, retiring on a government pension, and kow-towing for personal financial gain to the off-shoring international corporate consortiums -- the rogue elephants of capitalism -- who are the new rising global power.
    You don't trust Trump? Well, there's only one way to leverage him to do what's economically right for us all: Powerful American Political Alliance. Got courage?! .. and a mere $5.00?

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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
    If, and only "IF" it is indeed a genuine increase in employment, and not these fake numbers manipulated to give Obama a boost.


    j-mac
    The numbers are reasonable. In fact, they are supported by various private sector measures: Elements of the various consumer confidence measures, Gallup's own employment survey, etc.

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

    Quote Originally Posted by randel View Post
    the numbers are what they are, more people working is a good thing.

    That's the point...I don't believe that there are more people working, I think it is all a shell game.

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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
    That's the point...I don't believe that there are more people working, I think it is all a shell game.

    j-mac
    and you are entitled to your opinion

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

    This is extremely good news -there has now been 22 straight months of private sector job growth. And the experts are predicting better news in the near future. Bad news for those Obama haters - those suffering from ODS.

    Year Jan Feb Mar Apr Mayh Jun Jul Aug Sep Oct Nov Dec
    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 72 220 134 120 212


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

    Quote Originally Posted by pbrauer View Post
    This is extremely good news -there has now been 22 straight months of private sector job growth. And the experts are predicting better news in the near future. Bad news for those Obama haters - those suffering from ODS.
    News Headlines
    The pressing question, then, after a positive four-month run in the market is sustainability. Expectations for today's report already had been strong, but the primary concern is whether the hirings were mostly seasonal and would fade once the economy gets back to tangling with the unresolved questions of European debt crisis contagion and the political stalemate in Washington.

    Some economists warned that the steadying in markets came about because Europe's debt woes have faded from the headlines, a trend unlikely to last.

    "With the boost from these temporary factors fading and concerns in Europe resurfacing, we expect the US economy to slow in the second half of the year," Neil Dutta, economist at Bank of America Merrill Lynch, said in a note. "Consider the stronger data we've seen a reversion to the mean as opposed to the start of a new trend."

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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
    That's one reflection of structural unemployment. Addressing that issue will require, among other things, a better educated workforce, increased competitiveness vis-a-vis the nation's competitors, etc. Unfortunately, the investment, education, policies, business practices, etc., necessary to reduce structural unemployment are not short-term in nature.
    That's one suggested resolution.

    From this thread -- http://www.debatepolitics.com/econom...post1059958926 -- here's another:
    Now to any thoughts of replacing capitalism with socialism or the like, please exclude them from this discussion. Socialism will develop naturally enough as a last-resort reaction to letting the rogue elephants run deadly rampant, until they poison the philosophical well for the vast majority as to the value of capitalism as a system. Those who don't want to see this happen, I strongly urge you to help us find a solution to the capitalist rogue elephant problem.
    And also this:
    With regard to fixing the current mess, it is generally being posited that the unethical rogue elephant behavior of American corporations be address via a comprehensive combination of stiff tax penalties for off-shorers, tax increases on American company foreign divisions, a tremendous reduction in foreign work visas, making it unlawful to in-source workers contracted through foreign manpower agencies, firmly enforcing our borders and resolutely make it impossible for the 20 million illegal immigrants to remain here, tax incentives to American start-up companies replacing foreign divisions, enacting tariffs to level the global playing field, legislatively requiring compliance with the ethical maxim of "if you make it abroad, you sell it abroad", compelling both management and labor to work together in greater consideration of all, etc. .. would do the trick.
    And, of course, some say do nothing:
    But those in opposition to these measures say they would greatly hinder corporate and stock performance, also really harming Americans as well, a lot like removing steroids from baseball would greatly reduce exciting home runs and 100 mph fastballs, and we'd never see another record broken again, while the game dulls to mediocrity, making it even worse for the fans .. who stop supporting the game, only it would be substantively more disastrous if similar happened to American capitalism, maybe recession-creating disastrous.
    But I can't for a moment support what BHO presented in his last SOTUA, that we must become even more neurotic in our perfectionistic performance, from grade-school on, simply to futilely compete for jobs at the desired American standard of living, jobs which we'll only immediately or eventually lose to wage-slaves abroad.
    You don't trust Trump? Well, there's only one way to leverage him to do what's economically right for us all: Powerful American Political Alliance. Got courage?! .. and a mere $5.00?

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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
    From my perspective, it is good news. I like to see a growing economy, employment, and incomes with price stability. That such developments have political ramifications in Election Years, is largely irrelevant from my perspective. Sustained macroeconomic improvement is in the national interest and it enhances the national welfare. Therefore, in my view (and others could have different opinions), economic growth trumps political convenience or inconvenience (depending on the electoral outcome one might prefer).
    It is good news, in that it is stronger than expected, and of course, in that jobs were added.
    It's not great news, b/c although it was stronger than expected, it's still not strong enough, the pace has to increase to recover all the jobs lost thru the great recession.



    btw, here's a good npr article, with lots of updates. lt unemployed is about the same. discouraged workers is smaller. total workforce is still smaller than the beginning of 2009, we still have not recovered all the jobs lost.


    Jobless Rate Dips To 8.5 Percent, 200,000 Jobs Added To Payrolls : The Two-Way : NPR
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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by randel View Post
    and you are entitled to your opinion

    And you to your kool aid.


    heh, heh....


    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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