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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 lizzie View Post
    Cumulatively, since the beginning of the recession started, we have almost 6 million who have dropped out of the work force. The monthly rates we are seeing do not reflect the actual unemployment rates. These millions of people aren't simply disappearing- they are just not looking for jobs. This is not an improvement in the employment rates nor the economy.
    Obviously the unemployment rate was much lower at the start of the recession. It's not a big mystery ... or a conspiracy.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Wrong as usual, discouraged workers were counted as unemployed during the 80's, suggest better research, Obama had over a million discouraged workers that weren't counted as unemployed. Also check the BLS site and tell me the first month for discouraged workers and the U-6 numbers were available. Your support and loyalty to Obama is quite telling and quite misguided

    Information on U-6 as well as all the portals available from BLS. Notice the Obama U-6 numbers. Wonder how many he can get to drop out in 2012?

    Portal Seven | U6 Unemployment Rate

    The official definition of unemployment has not changed between 1982 and 2009; it is still data from the “Current Population Survey” commonly referred to as CPS. According to the “CPS“ data, in 1982, the median age of the labor force was 42,in the early 80's it was 35.

    Sooo…connect the dots. Being young, not encumbered by family, they switch jobs much more frequently then the geezer set. Using common sense (something you evidently leave behind when you log on to DP) the younger populations has higher unemployment rates.


    The second and the most damning stat which blows your “OPINION “out of the water, in the 8o's the CPS data covered about 93.% today it only covers about 89%. So yeah, in spite of your Bloviating and hurling of ad homs heather and yon…your“OPINION “still pretty well sucks.Go get yourself a big ole shot of Metamucil and beddey bye,gotta get prepared for anther day of slinging **** early tomorrow.:2wave
    Last edited by Donc; 02-12-12 at 12:55 AM.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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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 how you missed this, so here it is again ...

    Who do you think is more responsible for the country’s current economic problems – (Barack Obama) or (George W. Bush)?

    • Bush: 54%
    • Obama: 29%
    • Both: 9%
    • Neither: 6%


    Washington Post-ABC News Poll, 1/12-15/2012, 1000 adults. MoE 3.5


    Btw, GDP was higher in 2010 because of ARRA, which helped prop up the economy.
    Interesting poll. Another interesting question from your link was quite telling:

    3. Do you think things in this country (are generally going in the right direction) or do you feel things (have gotten pretty seriously off on the wrong track)?

    Right direction – 30%
    Wrong track – 68%

    What is that 2:1 ‘wrong track’? Apply blame where you want but remember he is the LEADER!

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Obviously the unemployment rate was much lower at the start of the recession. It's not a big mystery ... or a conspiracy.
    Who said it is? It's not me who seems to be having a problem with the concept.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    Great then send in more money that Obama needs to make things better for everyone else.
    I have no problem doing so if the government would raise everyone's taxes.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by lizzie View Post
    Cumulatively, since the beginning of the recession started, we have almost 6 million who have dropped out of the work force. The monthly rates we are seeing do not reflect the actual unemployment rates. These millions of people aren't simply disappearing- they are just not looking for jobs. This is not an improvement in the employment rates nor the economy.
    What is the source you are getting your information from?? I'd like to see for myself so I can make a note of how unreliable they are.

    Civilian labor force:

    11/2007: 153,835,000
    01/2012: 154,395,000

    The workforce has not decreased by almost 6 million, it has increased by 560,000.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Dickieboy View Post
    Interesting poll. Another interesting question from your link was quite telling:

    3. Do you think things in this country (are generally going in the right direction) or do you feel things (have gotten pretty seriously off on the wrong track)?

    Right direction – 30%
    Wrong track – 68%

    What is that 2:1 ‘wrong track’? Apply blame where you want but remember he is the LEADER!
    30% sure is bad, but quite an improvement over the 8% it stood at before Obama was elected. But clearly, worse than the 50% it was at just a few months into his presidency.

    Still, by a factor of nearly 2 to 1, bush gets the blame for the current economy, which no doubt also affects the right track/wrong track poll.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    What is the source you are getting your information from?? I'd like to see for myself so I can make a note of how unreliable they are.

    Civilian labor force:

    11/2007: 153,835,000
    01/2012: 154,395,000

    The workforce has not decreased by almost 6 million, it has increased by 560,000.
    According to your link, the labor force grew by moire than 10,000,000 during the Bush presidency. During the Obama presidency, the labor force has gone from 154,236,000 in January 2009 to 154,395,000 in January 2012. That is a net gain of 159,000 jobs. Not bad for a $5,000,000,000,000 investment.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    30% sure is bad, but quite an improvement over the 8% it stood at before Obama was elected. But clearly, worse than the 50% it was at just a few months into his presidency.

    Still, by a factor of nearly 2 to 1, bush gets the blame for the current economy, which no doubt also affects the right track/wrong track poll.
    Sure Bush gets the blame still...Blame that on poll bias, blame that on media bias, what you are doing is spinning wildly. Look, I remember hearing somewhere that the labor increases at a rate something like 150K new people per month, so in order for the unemployment number to actually come down, the job creation would have to be a minimum some 300K new jobs per month created for an extended period, like a couple of years. I haven't seen a number like that yet. And further, it is this constant re evaluation, and re assesment of numbers put out there for the past three years that leads people to not trust that we are being told the truth in the first place concerning jobs, and employment forcasting in this country in the first place.

    If you want to cling to an argument of who gets the blame for when this thing started, as opposed to what has been done to fix it since, and hang your hat on that for a second term, you can, but it has never been a winning strategy.


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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    30% sure is bad, but quite an improvement over the 8% it stood at before Obama was elected. But clearly, worse than the 50% it was at just a few months into his presidency.
    You’re right. A more thorough analysis of the numbers reveals that GWB was doing ‘pretty’ good until the end of ’05. The nose dive COULD be blamed on Democrats taking majority of Congress. Yes, there was a peak in April of ’09 which certainly can be claimed to be responsive to BHO being elected but as you said it plummets from that point forward. There is some surge in January ’11 that COULD be responsive to Republicans gaining majority in the House but resumed its downward direction. Ultimately there is plenty of blame and credit to pass around.

    Still, by a factor of nearly 2 to 1, bush gets the blame for the current economy, which no doubt also affects the right track/wrong track poll.
    And so in 2016 when the debt is approaching $20t will BHO get the blame or will you still blame GWB?

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