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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Gary View Post
    Can you read a link?

    http://www.bls.gov/web/empsit/cpseea01.pdf

    Compare December to January! Notice the population increased 1,685,000 in a month. That's not reasonable to have such a large population increase in a month and the population data has been adjusted by census data. Now, if you have stats on people employed and unemployed, which column can you put those new found people in? The only column that doesn't have field data supporting it is the Not in labor force column, because the numbers have to add up. That's why 1,177,000 are added to the Not in labor force. The amount of people working actually increased 508,000 in that month. The BLS gets these figures by surveying businesses and even has data on what industry is doing the hiring. The unemployment numbers come from people collecting unemployment and aren't everyone who is unemployment. If you want those stats, you use U6 data and not U3. The BLS publishes both.

    When the BLS reports yearly data, it takes an average for that year. In the last months of the Bush administration, the economy was losing three quarters of a million jobs a month. Large monthly job loses continued in the early Obama administration, but the reason for these job loses was damage already done to the economy. Even today, the housing industry hasn't recovered to the point where new homes can be built, because there's an excess of foreclosure homes. With tighter controls on lending, it will take time for that inventory to be exhausted and home builders to become active again.

    The unemployment rate isn't the significant thing in a nonfarm payrolls report. The significant thing that economist look for are jobs and who is hiring those people getting jobs.
    So your admitting your own link is full of crap?
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Prof. Peabody View Post
    So your admitting your own link is full of crap?
    I didn't post a link to an article using those numbers for Not in labor force and try to make a political point about it. I used the BLS link to show how the numbers aren't good.

    I've pointed out the limitations of BLS data for over 10 years. The data for the amount of people on unemployment and the amount of people employed is good, but the unemployment rate is dependent on the total population 16 and over, and Not in the labor force category. Those numbers aren't good and just examining the data shows that.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Gary View Post
    I didn't post a link to an article using those numbers for Not in labor force and try to make a political point about it. I used the BLS link to show how the numbers aren't good.

    I've pointed out the limitations of BLS data for over 10 years. The data for the amount of people on unemployment and the amount of people employed is good, but the unemployment rate is dependent on the total population 16 and over, and Not in the labor force category. Those numbers aren't good and just examining the data shows that.
    It's right in the post above yours!
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Prof. Peabody View Post
    Looks like the stimulus "saved" many more public service union jobs than it did creating. Is that what the taxpayers spent $840 Billion dollars on? Saving public service Union workers jobs? Looks like it.

    [/INDENT]
    Do you know what the word spend means?

    That stimulus didn't spend anywhere near that amount.

    Taxes ($275 billion)
    Source: American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia

    How are tax cuts spending?

    Very little of the total stimulus bill was actual spending and most were transfers of money in tax cuts or to other state and local governments so they could avoid layoffs. The GDP doesn't call those transfers government spending.

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    Re: US economy creates 243,000 jobs in January

    WOW! Jobs, jobs and more jobs! Thank you Obama. Happy days are here again! Jobs here, jobs there, jobs everywhere! He did it....I can't believe it but the SOB did it...jobs! Jobs! Jobs!
    Caitlyn Strong...

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Awesome! View Post
    WOW! Jobs, jobs and more jobs! Thank you Obama. Happy days are here again! Jobs here, jobs there, jobs everywhere! He did it....I can't believe it but the SOB did it...jobs! Jobs! Jobs!
    Part time jobs aren't much to write home to Mother about.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Prof. Peabody View Post
    It's right in the post above yours!
    I'm talking about this:

    Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Gary View Post
    Do you know what the word spend means?

    That stimulus didn't spend anywhere near that amount.



    Source: American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia

    How are tax cuts spending?

    Very little of the total stimulus bill was actual spending and most were transfers of money in tax cuts or to other state and local governments so they could avoid layoffs. The GDP doesn't call those transfers government spending.
    So the Bush tax cuts weren't spending? I hear that from Libs on other sites. Thanks for the back up.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: US economy creates 243,000 jobs in January


    Thanks Gary for providing proof that the drop in unemployment has nothing to do with Obama other than his failure to facilitate job creation.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Prof. Peabody View Post
    Thanks Gary for providing proof that the drop in unemployment has nothing to do with Obama other than his failure to facilitate job creation.
    How can you know that? They added 1,685,000 people in a month and put 1,177,000 in the Not in labor force category. Like I told you, the BLS uses methods to calculate the amount of people in jobs and the amount of people getting unemployment. If they aren't in those categories the only other category is Not in labor force.

    What's wrong with the right's ability to think? That stuff isn't that complicated, so why do you buy into someone making something out of nothing?

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