Page 2 of 22 FirstFirst 123412 ... LastLast
Results 11 to 20 of 219

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

  1. #11
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

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

    Quote Originally Posted by Boo Radley View Post
    What I just heard on the radio was that it was larger than what they expected even with seasonal jobs. They also say all the unemployment numbers we've had recently reflect a sizable number no longer looking for work. So, while the unemployment rate is encouraging, we do have a large number no longer counted.
    Was this by state.....as Chicagoland Seasonal Workers didn't hire as many as they did from last year. Even Sears kept more of their Regular Full Time Employees round longer. Especially Since they have been hiring people in with 28-32 hrs.

    The reason I know this is my son Got a job there and got in Right before they brought the seasonal Workers in. See how that works hired in at full time with 32hrs and can be brought in to work over and still not go over 40hrs.

  2. #12
    Battle Ready
    Grim17's Avatar
    Join Date
    Jul 2009
    Location
    Southwestern U.S.
    Last Seen
    Yesterday @ 11:08 PM
    Gender
    Lean
    Conservative
    Posts
    24,139
    Blog Entries
    20

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

    Quote Originally Posted by Helix View Post
    it's slowly crawling back. let's hope that the both sides don't screw it up by letting us go over the cliff, or by enacting the changes too quickly.
    Although it's good news that jobs are being created rather than lost, 146,000 jobs barely keeps up with population growth and is not what we should be seeing 3 years into an economic recovery.

    The only reason the unemployment rate went down, was because another 540,000 people gave up looking for work and dropped out of the workforce, so were no longer counted as unemployed by the BLS. This is reflected in the employment to population ratio (the percent of the eligible American workforce that's employed) which fell a tenth of a point in November remaining at 30 year lows and still nearly 2% smaller than it was when Obama took office back in 2009.

  3. #13
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by Taylor View Post
    Should be "U.S. Adds 146,000 Jobs - 122,000 fewer than the required 268,000 to break even"
    The economy needs far fewer than 268k per month to break even. Where'd you get that number?
    "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

  4. #14
    Advisor Rapunzel52's Avatar
    Join Date
    Dec 2011
    Location
    The Great Midwest
    Last Seen
    05-28-13 @ 11:20 PM
    Gender
    Lean
    Conservative
    Posts
    525

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

    And the participation rate down once again and it appears from what I have heard on the business channel that those are actually more young people than older Americans...in fact older Americans are actually rejoining the work force instead of leaving it. Unemployment among the younger crowd is 20 some %...yet these are the ones who voted in high numbers for Obama.

    Meanwhile Government unemployment is a paltry 3.8% and 73% of new jobs created in the last 5 months are in government. That is not really good news or a growing economy.

    73% of New Jobs Created in Last 5 Months Are in Government | CNS News
    If it sounds like Marx and acts like Stalin...it must be Obama

  5. #15
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

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

    Quote Originally Posted by AdamT View Post
    The economy needs far fewer than 268k per month to break even. Where'd you get that number?
    200k so it's still under.....marking how many months of not hitting the mark?

  6. #16
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by Rapunzel52 View Post
    And the participation rate down once again and it appears from what I have heard on the business channel that those are actually more young people than older Americans...in fact older Americans are actually rejoining the work force instead of leaving it. Unemployment among the younger crowd is 20 some %...yet these are the ones who voted in high numbers for Obama.

    Meanwhile Government unemployment is a paltry 3.8% and 73% of new jobs created in the last 5 months are in government. That is not really good news or a growing economy.

    73% of New Jobs Created in Last 5 Months Are in Government | CNS News
    Participation rate was down slightly last month and up slightly the previous month. No change, net, over the last two months.
    "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

  7. #17
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by MMC View Post
    200k so it's still under.....marking how many months of not hitting the mark?
    I asked for a link to support your claimed number for the break even point, because you are mistaken. The actual number of jobs needed to break even is about 110k per month. Jobs Calculator
    "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

  8. #18
    Advisor Rapunzel52's Avatar
    Join Date
    Dec 2011
    Location
    The Great Midwest
    Last Seen
    05-28-13 @ 11:20 PM
    Gender
    Lean
    Conservative
    Posts
    525

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

    Quote Originally Posted by AdamT View Post
    Participation rate was down slightly last month and up slightly the previous month. No change, net, over the last two months.
    link please. But you ignore the rest of my post???
    Last edited by Rapunzel52; 12-07-12 at 01:14 PM.
    If it sounds like Marx and acts like Stalin...it must be Obama

  9. #19
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by Rapunzel52 View Post
    link please.
    Employment Situation Summary
    "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

  10. #20
    Sage
    Taylor's Avatar
    Join Date
    Aug 2009
    Location
    US
    Last Seen
    Yesterday @ 11:31 PM
    Lean
    Undisclosed
    Posts
    6,170

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

    Quote Originally Posted by AdamT View Post
    The economy needs far fewer than 268k per month to break even. Where'd you get that number?
    BLS statistics.

Page 2 of 22 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •