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Thread: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Republic Now! View Post
    That was a constitutional amendment, which is ratified by the states.
    Preaching to the choir, bud, and sadly, you're preaching semantics, as far as the voting population, and the folks they elect, go.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Sheik Yerbuti View Post
    Oh, and by the way ... back then, they didn't include 16-24 year olds in the U3 unemployment rate. Had they, that 5.4% would have been higher.
    Yes, they did. A minimum age of 16 for inclusion in the labor force was introduced in 1967. Prior to that it had been 14. The data were concurrently adjusted back through 1947. The change was made to establish concurrence with state school attendance and work-permit laws.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Sheik Yerbuti View Post
    Holy ****, mac!!!

    First I say, "But to that, I largely attribute retiring baby boomers," but somehow, your brain translates that into,
    "so you want to say that they are all retirees."

    Now I say, "There are an additional 1.5 million people between ages 62 and 66 every single month," and somehow your brain translates that into, "I mean, if 1.5 million per month are leaving"

    I'm sorry, but until you learn to properly read what people write, I can't continue answering questions that are not grounded to reality.

    Let me break it down for you....

    The thread is about the drop in unemployment. It has been determined that this number is reflecting some 350,000 that dropped out of the workforce, and that on a side conversation the theory of retirees making up that number either in part, or more was floated although no solid stats to back that up.

    You also floated that theory so I think I asked a reasonable question....Now I think you are over reacting, which tells me I am on the right track.....So, can you answer the question I posed?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Sheik Yerbuti View Post
    I don't suppose you'd mind backing that up with "factual" data??

    No, of course not.

    January, 1989: U3=5.4%


    Bureau of Labor Statistics Data

    Oh, and by the way ... back then, they didn't include 16-24 year olds in the U3 unemployment rate. Had they, that 5.4% would have been higher.
    Ya your right, its was 5.4% I was thinking of the inflation rate, which was 4%.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Cardinal Fang View Post
    Actually, it was 5.4%, but that was more than 20 years ago. What would that have to do with the price of eggs?

    Bush inherited from his predecessor one of the healthiest economies of any incoming President in our history, and he passed on to his successor one of the sickest. The Bush-43 administration was an economic disaster. Unfortunately, there were others as well.
    The Clinton administration was over 12 years ago, what does that have to do with the price of eggs?

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Dpetty View Post
    The Clinton administration was over 12 years ago, what does that have to do with the price of eggs?
    Because it is like the repubs pondering doughy eyed, and pining for the Reagan times...It does nothing, but allows distraction, and dream time....Those times are DONE! Reagan isn't coming back, and although Clinton may rear its ugly head in 2016 with Hillary running, hopefully by then Progressives will so have destroyed, and made unrecognizable this country that she won't have a shot even with the popularity of her husband, and Obama's endorsement....

    We need to stop looking at the shinny objects, and focus on whether or not the breaks work....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Dpetty View Post
    Ya your right, its was 5.4% I was thinking of the inflation rate, which was 4%.
    Well, 4.67% actually.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Dpetty View Post
    The Clinton administration was over 12 years ago, what does that have to do with the price of eggs?
    It established the baseline from which the Bush-43 administration then operated. Very, very ineffectively, one might add. The horribly depressed level of affairs that comprised the Bush-43 legacy became the baseline from which the Obama administration then operated. Far, far more effectively, one might add.

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by Cardinal Fang View Post
    It established the baseline from which the Bush-43 administration then operated. Very, very ineffectively, one might add. The horribly depressed level of affairs that comprised the Bush-43 legacy became the baseline from which the Obama administration then operated. Far, far more effectively, one might add.

    If by 'baseline' you mean the misguided approach of demo's to offer cuts later for tax hikes now, then not only do I totally agree, but I would say that was before Bush 43. You'd have to go back to Reagan to see that as an operational baseline.

    The problem is, that history shows that this sort of approach by demo's has worked in the past, but the offer of cuts is a lie. They never come, but the tax hikes are immediate.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by j-mac View Post
    If by 'baseline' you mean the misguided approach of demo's to offer cuts later for tax hikes now, then not only do I totally agree, but I would say that was before Bush 43. You'd have to go back to Reagan to see that as an operational baseline. The problem is, that history shows that this sort of approach by demo's has worked in the past, but the offer of cuts is a lie. They never come, but the tax hikes are immediate.
    Well, you've got the meaning of "baseline" completely balled up. It refers here to the relative advantages or handicaps that an administration began with. And you've then made matters worse by alluding to phony right-wing memes of failed Democratoc promises to vote for spending cuts after tax increases during Reagan's first term and Bush-41's only term. Neither of those claims has any factual basis.

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