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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 Samhain View Post
    Technically, no, the report methodology is always changing, and the most recent change actually revised the last 4 years of unemployment numbers up by about .2%.

    And next month is another methodology change. You can read about it in the OP link to the bls report.
    That is not number manipulation.
    “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. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by iliveonramen View Post
    That is not number manipulation.
    Correct, but they also aren't "... done the same way they've always been done." as you stated.

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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
    Now my emphasis. LOL.

    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 Samhain View Post
    Correct, but they also aren't "... done the same way they've always been done." as you stated.
    I was responding to a post by someone that called it manipulation. Context matters. I was arguing against the idea that numbers are being intentially skewed in order to show a lower unemployment rate, not that seasonally adjusted benchmarks never change.
    “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. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by iliveonramen View Post
    The numbers are not manipulated...they are done the same way they've always been done.
    Yes, since 1994, but discouraged workers have never been at this level since being dropped from the labor force

    Please answer the following questions

    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?

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

    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?
    Job growth is trending in a good direction. That's the good news. We all know that no matter what happens you will try to criticize any good news as long as Obama is President. Job growth can either drop, remain stable, or increase. It's increased...that's good news.
    “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. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by iliveonramen View Post
    Job growth is trending in a good direction. That's the good news. We all know that no matter what happens you will try to criticize any good news as long as Obama is President. Job growth can either drop, remain stable, or increase. It's increased...that's good news.
    So declining labor force, more discouraged workers, 4.5 trillion added to the debt is a good thing and a trend in the right direction? What is it about liberalism that creates this kind of loyalty?

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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
    So declining labor force, more discouraged workers, 4.5 trillion added to the debt is a good thing and a trend in the right direction? What is it about liberalism that creates this kind of loyalty?
    I said job gain increasing is a good trend. Nobody mentioned anything about the labor force, discouraged workers or debt. You're the one talking about those things. Quit being such a Debbie Downer your hate of Obama has turned you into a pill.
    “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. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by iliveonramen View Post
    I said job gain increasing is a good trend. Nobody mentioned anything about the labor force, discouraged workers or debt. You're the one talking about those things. Quit being such a Debbie Downer your hate of Obama has turned you into a pill.
    But we aren't gaining jobs, do you not understand what a declining labor force means? I hate Obama economic policies and the results indicate that I am right.

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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
    But we aren't gaining jobs, do you not understand what a declining labor force means? I hate Obama economic policies and the results indicate that I am right.
    We are gaining jobs. The unemployment % takes into account labor force and available jobs. The number of jobs created per month has nothing to do with labor force.

    I'm not saying your wrong in saying that those number DO matter. The fact is, people are aware of those numbers and nobody is touting it's "Morning in America". We're working from a huge hole facing a lot of uncertainty so the fact we're seeing the number of jobs created each month increase....is good news.
    “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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