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Thread: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by imagep View Post
    Nope.

    Without seasonal adjustments, about 875,000 people found jobs in Sept. The 114k figure is seasonally adjusted (more people always go to work in Sept due to farm harvests and Christmas retail hiring). There were also nearly a half million people to re-enter the workforce.
    Wanna buy a bridge ?

    Been averaging 140K jobs created by that dynamic all summer. September a year ago, it was closer to 250 K. Now we get the highest jump in 29 years ...... when nothing happened. Nothing. Except its one month before the election.

    Its a steel arch bridge. I'll give you a good deal.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Eighty Deuce View Post
    Wanna buy a bridge ?

    Been averaging 140K jobs created by that dynamic all summer. September a year ago, it was closer to 250 K. Now we get the highest jump in 29 years ...... when nothing happened. Nothing. Except its one month before the election.

    Its a steel arch bridge. I'll give you a good deal.
    Lunacy. I have to say that the loss of our population's ability to think rationally is more disturbing to me than any of the economic news from the last five years.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Sgt Meowenstein View Post
    People are on food stamps because of the recession. It happens every time the economy gets bad. That's what they're for. But thanks for the deflection. And BTW, the Obama administration didn't release the new employment numbers; the labor dept did. But don't let that fact get in the way of a good conspiracy theory.



    Looks like price gouging to me. I'm still paying less than $4/gal. I suggest you shop around.
    This is no doubt a Southern California station. That area is experiencing rapid rises in gas prices due to a fire in a refinery and problem with one of the pipelines. It has nothing to do with Washington, Obama, Democrats, Republicans, OPEC, or anything remotely political. It is also localized and temporary.
    As for the food stamps graph, it does appear to have leveled off as the recession has begun to ebb.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by AdamT View Post
    Lunacy. I have to say that the loss of our population's ability to think rationally is more disturbing to me than any of the economic news from the last five years.
    Such as we discovered Nov 2008, when we saw folks duped by the jackass Obama. Hasn't let up since. I think you know those folks. Very well-acquainted, in fact.

    How's the hopey-changey fairy tale working out ?

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Arbo View Post
    Ah, more hackish nonsense. In the 50's you didn't have anywhere near the level of redistribution that we have now, not nearly the same level of people 'living' off the government.
    From the standpoint of welfare as being redistribution thats true. Personally, I am totally against welfare. The type of redistribution I am talking about is the progressive income tax system.

    Somehow I get this feeling that you are this really angry little person by the tone of your posts. Lighten up a little, it's just the internet.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Navy Pride View Post
    If there were only 114,000 jobs added it is impossible for unemployment percent to fall from 8.1% to 7.8%.... You would at least have to have 500,000 jobs created.....It looks like someone is cooking the books to help Obama.
    114,000 jobs is just the seasonally adjusted figure. There were nearly 900,000 jobs added, and close to a half million people entered the workforce. But I will give you some credit, your estimate of about 500,000 jobs created to bring the unemployment rate down that low is fairly accurate: 875,000 jobs created minus 475,000 people entering the workforce = 400,000 fewer unemployed people. Your estimate is pretty close, you obviously know your stuff.

    Two private companies who do their own unemployment tracking have the unemployement rate within a tenth of a percent of the governments numbers, so although 875,000 new jobs sounds shady, the unemployment rate reported by the gov sounds about right.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Eighty Deuce View Post
    Wanna buy a bridge ?

    Been averaging 140K jobs created by that dynamic all summer. September a year ago, it was closer to 250 K. Now we get the highest jump in 29 years ...... when nothing happened. Nothing. Except its one month before the election.

    Its a steel arch bridge. I'll give you a good deal.
    I suspect that it is the seasonal adjustments that make the numbers sound funky.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by imagep View Post
    From the standpoint of welfare as being redistribution thats true. Personally, I am totally against welfare. The type of redistribution I am talking about is the progressive income tax system.
    This makes no sense. Taking from some and giving to others, that's redistribution. What the hell kind of redistribution do you think was going on in the 50's?

    Somehow I get this feeling that you are this really angry little person by the tone of your posts. Lighten up a little, it's just the internet.
    Well, that just proves your intuition is wrong.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by imagep View Post
    I suspect that it is the seasonal adjustments that make the numbers sound funky.
    Numbers that have some added "seasoning" would be more like it. As noted, largest one-month swing since 1983. Further, it is almost exclusively "part-time" jobs, all of a sudden showing up at a rate four-fold prior months.Its bogus. Fairy tale crap.

    I expect candidates, and parties, to lie and spin. But now the fix is in with what should be simple math from another government agency that has been corrupted. What a pile of crap the entire Obama Administration is.

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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Eighty Deuce View Post
    Numbers that have some added "seasoning" would be more like it. As noted, largest one-month swing since 1983. Further, it is almost exclusively "part-time" jobs, all of a sudden showing up at a rate four-fold prior months.Its bogus. Fairy tale crap.

    I expect candidates, and parties, to lie and spin. But now the fix is in with what should be simple math from another government agency that has been corrupted. What a pile of crap the entire Obama Administration is.
    Dude, wake the **** up. You can't deny reality just because you don't like it. Even Bush's former economic advisors are rolling their eyes at you.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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