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Thread: US economy creates 243,000 jobs in January

  1. #1611
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by treedancer View Post

    Do you think Conservative is about to join in the new (old?) republican demon; the war on contraception?
    I don't know but I'm trying to get him to explain how Obama is releasing BLS numbers which he claims Obama is fooling me with; and understandably, he's at a loss of words.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    I don't know but I'm trying to get him to explain how Obama is releasing BLS numbers which he claims Obama is fooling me with; and understandably, he's at a loss of words.

    Well, I can't speak for Conservative, but he is a smart cookie when it comes to these stats, if anyone can eventually root it out, he can. But something is definately fishy with these stats, I don't trust them.


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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by j-mac View Post
    Well, I can't speak for Conservative, but he is a smart cookie when it comes to these stats, if anyone can eventually root it out, he can. But something is definately fishy with these stats, I don't trust them.


    j-mac
    Thanks, j-mac, the real issue is the rest of the story and the one not being told to the Obama supporters. The U-3 unemployment number has been calculated this way since 1994 where discouraged workers aren't counted as unemployed any more but instead they go to the U-6 number. weekly unemployment numbers are only an indicator and the real issue is they don't matter as long as more and more people are dropping out of the work force and getting discouraged thus stop looking for work. If things are going so well for Obama why is his approval rating so low? Anyone with the results Obama claims would definitely be in the 60% approval area. Only the cult followers continue to buy his lies and Obama continues to fuel them.

    Obama continues to fool all his supporters by telling only half the story. What is amazing is the numbers of unemployed and discouraged workers between the Bush years and the Obama years are very similar yet Bush was bad and Obama is the messiah. Don't know what liberalism offers to create such fools but there are far too many of them.

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    Re: US economy creates 243,000 jobs in January

    I agree, and with a complicit media out there pushing the lie in everything that is reported from Politico, to even FOXnews it makes me nervous that things will ever get past this era of propaganda.


    j-mac
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by j-mac View Post
    I agree, and with a complicit media out there pushing the lie in everything that is reported from Politico, to even FOXnews it makes me nervous that things will ever get past this era of propaganda.


    j-mac
    The difference between fox news and media is Fox news intentionally uses bias while the rest of "media" is unintentional bias, AKA one lies the other doesn't...
    I'm coming to see that no matter what law we regulate, be it the stand your ground act, there is never an objective morally right answer to any morale question; in fact, since there are multiple objectively right answers to every moral question that leaves us with a lot of grey area and a lot of black area (not in the racial since).
    -Jryan

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by j-mac View Post
    Well, I can't speak for Conservative, but he is a smart cookie when it comes to these stats, if anyone can eventually root it out, he can. But something is definately fishy with these stats, I don't trust them.


    j-mac
    Well, they may look fishy, but here's the story from the WSJ:


    [...]The employment gain wasn’t immediately obvious to some observers because of a quirk in this month’s report. Every January, the Labor Department readjusts its data to account for changes in the population. The tweaks are especially significant in years like this one that take into account a new decennial census.

    This year, the population adjustment makes it look like the employment-population ratio didn’t change from December to January. In reality, the ratio improved by 0.3 percentage points. The gains were just masked by the population adjustments.

    Here’s what happened: According to the Census Bureau, the civilian population grew by 1.5 million people in 2011. But the growth wasn’t distributed evenly. Most of the growth came among people 55 and older and, to a lesser degree, by people 16-24 years old. Both groups are less likely to work than people in their mid-20s to early 50s. So the share of the population that’s working is actually lower than previously believed. Taking that into account, the employment-population ratio went up. The unemployment rate wasn’t affected.

    “There was not a big increase in discouraged workers,” economist Betsey Stevenson commented on Twitter. “What happened was Census found a bunch of old people we had assumed died.” [...]

    What’s Behind the Unemployment Rate Drop? - Real Time Economics - WSJ

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by pbrauer View Post
    Well, they may look fishy, but here's the story from the WSJ:


    [...]The employment gain wasn’t immediately obvious to some observers because of a quirk in this month’s report. Every January, the Labor Department readjusts its data to account for changes in the population. The tweaks are especially significant in years like this one that take into account a new decennial census.

    This year, the population adjustment makes it look like the employment-population ratio didn’t change from December to January. In reality, the ratio improved by 0.3 percentage points. The gains were just masked by the population adjustments.

    Here’s what happened: According to the Census Bureau, the civilian population grew by 1.5 million people in 2011. But the growth wasn’t distributed evenly. Most of the growth came among people 55 and older and, to a lesser degree, by people 16-24 years old. Both groups are less likely to work than people in their mid-20s to early 50s. So the share of the population that’s working is actually lower than previously believed. Taking that into account, the employment-population ratio went up. The unemployment rate wasn’t affected.

    “There was not a big increase in discouraged workers,” economist Betsey Stevenson commented on Twitter. “What happened was Census found a bunch of old people we had assumed died.” [...]

    What’s Behind the Unemployment Rate Drop? - Real Time Economics - WSJ
    They must have made the same mistake every month since January 2010. Nothing ever is going to change the mind of the brainwashed.

    Discouraged workers in thousands by month

    2010 1065 1204 994 1197 1083 1207 1185 1110 1209 1219 1282 1318 1173
    2011 993 1020 921 989 822 982 1119 977 1037 967 1096 945 989
    2012 1059

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Jryan View Post
    The difference between fox news and media is Fox news intentionally uses bias while the rest of "media" is unintentional bias, AKA one lies the other doesn't...

    Don't make me laugh....


    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: US economy creates 243,000 jobs in January

    Quote Originally Posted by j-mac View Post
    Don't make me laugh....


    j-mac
    It is hard to take these people seriously, isn't it? What is it about liberalism that creates this kind of loyalty?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by j-mac View Post
    Don't make me laugh....


    j-mac
    Great rebuttle .
    I'm coming to see that no matter what law we regulate, be it the stand your ground act, there is never an objective morally right answer to any morale question; in fact, since there are multiple objectively right answers to every moral question that leaves us with a lot of grey area and a lot of black area (not in the racial since).
    -Jryan

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