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Thread: US economy creates 243,000 jobs in January

  1. #161
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by jasonxe View Post
    :3....... You can say the republicans stopped Obama from making the economy worse....... :3

    now fight!
    You can also say, with some confidence, that they stopped him from making it even better.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    You can also say, with some confidence, that they stopped him from making it even better.
    Well, it seems pointless to discuss either way since you can't provide evidence to either effect, except that the only stimulus in affect is tax cuts ATM, which Obama's big expensive stimulus bills were in affect for years previous, along with Bush's stimulus.

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    Re: US economy creates 243,000 jobs in January

    at this rate obama will be in office again

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    Re: US economy creates 243,000 jobs in January

    Texas factories are back running and hiring people.

    I think it has to do with the low quality of Chinese manufacturing. High end items seem to be ok from them. Appliances and mercantile, not so much.
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by StillBallin75 View Post
    The report clearly said the labor force participation rate held steady from december 2011 to January 2012 once controlling for population. I even cited the specific paragraph.
    My main question is why were only 258K added to the civilian labor force out of the 1,510K added to the civilian noninstitutional population. That seems absurdly low. The report's explanation is:

    This was because the population increase was primarily among persons 55 and older and, to a
    lesser degree, persons 16 to 24 years of age. Both these age groups have lower levels of labor force
    participation than the general population.
    But it doesn't seem to mention 114K increase in discouraged workers among the reason for this low ratio. The other thing to note is that out of the 847K employment increase, 699K were part time and 80K were full time. This guy takes issue with the seasonal adjustments the BLS does. He notes Table B-1 and the difference between non-seasonally adjusted data and the data that has been seasonally adjusted.



    Cherry-picking bad line items I'll admit, but still something to keep in mind. I'm sure very few will believe me when I say this, but I would have the same reaction if there was a Republican in the White House. I am naturally skeptical of government data that is used as political capital. The CPI is another statistic I take issue with, and there are a number of economists who have different measures of inflation that I find to be more representative of what's actually going on.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by ThePlayDrive View Post
    It's hard to ignore something that isn't true.
    Which explains the right's fascination with the false

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    The GDP figure is mentioned here: News Headlines

    Though I think it's actually somewhere in a range of .5 - 1.5%.

    The $30/wk figure was for someone making $75k, which is admittedly on the high side. It's $20/wk for someone making $50k. Payroll tax cut standoff's impact: What $40 a paycheck means to you – This Just In - CNN.com Blogs
    Thanks. I thought the 1% GDP estimate was the boost already given by the payroll tax cut a few years ago. The 1% estimate would be the boost in GDP in the first half of 2012 which makes a lot more sense to me.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Rhapsody1447 View Post
    My main question is why were only 258K added to the civilian labor force out of the 1,510K added to the civilian noninstitutional population. That seems absurdly low. The report's explanation is:



    But it doesn't seem to mention 114K increase in discouraged workers among the reason for this low ratio. The other thing to note is that out of the 847K employment increase, 699K were part time and 80K were full time. This guy takes issue with the seasonal adjustments the BLS does. He notes Table B-1 and the difference between non-seasonally adjusted data and the data that has been seasonally adjusted.



    Cherry-picking bad line items I'll admit, but still something to keep in mind. I'm sure very few will believe me when I say this, but I would have the same reaction if there was a Republican in the White House. I am naturally skeptical of government data that is used as political capital. The CPI is another statistic I take issue with, and there are a number of economists who have different measures of inflation that I find to be more representative of what's actually going on.
    That's fair, thanks for laying out your position.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by dontworrybehappy View Post
    Any data on what jobs are being created? I mean losing 100,000 high paying jobs and replacing them with 200,000 minimum wage jobs really isn't something to be excited over. [...]
    Well, that must be what happened then. More jobs is bad. I'm glad that someone can see thru the propaganda.

    Quote Originally Posted by Ontologuy View Post
    [...] The correct interpretation of this chart -- Table A-1. Employment status of the civilian population by sex and age -- still reflects a true national unemployment rate of roughly 14.5%.
    Bah! More propaganda! The true unemployment rate is 41.5%... stop sugarcoating it! (Civilian noninstitutional population minus Employed equals Unemployed). [/hyperbole] [/sarcasm] [/irrational rant]

  10. #170
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Karl View Post
    Well, that must be what happened then. More jobs is bad. I'm glad that someone can see thru the propaganda.
    That's funny; the talk from the Left in the '80s and in the '00s was about how all the jobs being created were "burger-flipping" jobs.

    So, are more jobs better, or aren't they?
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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