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

  1. #141
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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Regardless of how the percentage is, jobs are being added either way. The car industry is doing better than it has since 2008 and manufacturing as a whole is on the rise.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    Quote Originally Posted by JohnWOlin View Post
    Regardless of how the percentage is, jobs are being added either way. The car industry is doing better than it has since 2008 and manufacturing as a whole is on the rise.
    Not really.

    In September, 16,000 manufacturing jobs were lost.

    And in August, 22,000 manufacturing jobs were lost.

    But about 55,000 new government jobs over that time frame were created.


    Plus, the real unemployment number (imo) - the U-6 - stayed at 14.7% for September.
    Last edited by DA60; 10-06-12 at 05:24 AM.

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

    Quote Originally Posted by MarineTpartier View Post
    CNBC even doubts the numbers. I sense manipulation and I'm not a big conspiracy theory guy. The BLS predicted almost the exact number of jobs gained yet they were off on their unemployment percentage by .5%. How does that happen?
    Jobs Growth Rises 114,000 as Rate Slides to 7.8 Percent - US Business News - CNBC
    No, CNBC doesn't doubt the numbers. They said nothing of the sort in that article. What they did was quote Jack Welch, the apparent nutjob and former CEO of GE who accused the BLS -- a very reliable and totally nonpartisan office -- of cooking the numbers.

    They also quoted Liz Ann Sonders, chief investment strategist at Charles Schwab.

    "It's been our view that we would see a slow but consistent improvement in the jobs picture. I'm not sure this changes that view much at all."


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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
    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 ?
    I'm sorry you don't like the fact that the economy has improved under Obama; but, all of the sobbing over the lower UE rate and all the spittle you let fly onto your monitor won't change that. Maybe you'll get lucky and the UE rate will increase before the election since the lower rate bothers you so much. Patriot.


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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
    I'm sorry you don't like the fact that the economy has improved under Obama; but, all of the sobbing over the lower UE rate and all the spittle you let fly onto your monitor won't change that. Maybe you'll get lucky and the UE rate will increase before the election since the lower rate bothers you so much. Patriot.
    The unemployment rate did not go down - it's still at 14.7%.

    The U-3 is a joke used by economic simpletons and/or people with political/financial agendas (no offense).

    To ignore discouraged workers and to ignore the fact that many part time workers only do so because they cannot find full time employment is ridiculous.

    Only the U-6 is the relatively true measure of unemployment in America.

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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
    I'm sorry you don't like the fact that the economy has improved under Obama; but, all of the sobbing over the lower UE rate and all the spittle you let fly onto your monitor won't change that. Maybe you'll get lucky and the UE rate will increase before the election since the lower rate bothers you so much. Patriot.
    Right. An improvement in the unemployment rate to 7.8% that comes at the expense of trillion dollar annual deficits and trillion dollar FED market manipulation should be viewed for what it objectively is--a massive failure.

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

    Quote Originally Posted by DA60 View Post
    The unemployment rate did not go down - it's still at 14.7%.

    The U-3 is a joke used by economic simpletons and/or people with political/financial agendas (no offense).

    To ignore discouraged workers and to ignore the fact that many part time workers only do so because they cannot find full time employment is ridiculous.

    Only the U-6 is the relatively true measure of unemployment in America.
    You may be right, but that's not what analysts refer to when talking about the UE rate.


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    Educator Sgt Meowenstein's Avatar
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    Re: U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added

    Quote Originally Posted by Fletch View Post
    Right. An improvement in the unemployment rate to 7.8% that comes at the expense of trillion dollar annual deficits and trillion dollar FED market manipulation should be viewed for what it objectively is--a massive failure.
    So, you'd prefer a 10% UE rate with only the massive deficits that Bush left us?


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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
    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.
    You got a picture of them rolling their eyes at me ? That would be cool !

    Otherwise, perhaps you should STFU, and worry about the topic, and not me ............

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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
    I'm sorry you don't like the fact that the economy has improved under Obama; but, all of the sobbing over the lower UE rate and all the spittle you let fly onto your monitor won't change that. Maybe you'll get lucky and the UE rate will increase before the election since the lower rate bothers you so much. Patriot.
    LOL .... yeah, we are just recovering all over. Hey, since you are the expert, can you tell us which summer was the Recovery one ? Thanks.

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