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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%

    Unemployement benefits only go so long - its not a permanent thing. These figures reflect unemployment claims
    and the number getting the benefit of unemployment drops off making the "government" look like they are
    doing great when they are not. The total work force figure is more important and it should alarm people
    but as long as they got their obamaphone they don't care.


    Quote Originally Posted by Blue_State View Post
    This report looks bad. I hope Sandy is the cause for it, and that we pick up.

    Employed

    Oct 12 - 143,384

    Nov 12 - 143,262

    Our employed numbers went down 122,000 workers, but unemployment went down to 7.7%.

    People are leaving the work force, lowering our participation. That doesn't seem like a good indicator to me.

    Employment Situation Summary Table A. Household data, seasonally adjusted

    Am I looking to far into the numbers?

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

    Quote Originally Posted by AdamT View Post
    Down 0.4% from last year.

    Nov 11 - 64.0%
    Nov 12 - 63.6%

    I will throw this out there. What would be an ideal participation rate for 2013?
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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

    Quote Originally Posted by Rapunzel52 View Post
    link please. But you ignore the rest of my post???
    This is somewhat more clear (from post 9):

    Employment Situation Summary Table A. Household data, seasonally adjusted

    Note line 'Not in labor force'.
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    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.
    If the government covered only the labor force, you might have a point. Hell, let's take everyone out of the labor force, that way we'll have historic 0.0% unemployment - surefire way to a booming economy!!

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

    Quote Originally Posted by AdamT View Post
    OK...so we've gone nowhere, which is not growth. What happened to those people who left the roles In November that upped the rate a month ago??? Still doesn't change the fact that 350,000 left the work force in one months time.
    If it sounds like Marx and acts like Stalin...it must be Obama

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

    Quote Originally Posted by Dickieboy View Post
    This is somewhat more clear (from post 9):

    Employment Situation Summary Table A. Household data, seasonally adjusted

    Note line 'Not in labor force'.
    It appears to have increased.
    If it sounds like Marx and acts like Stalin...it must be Obama

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

    Quote Originally Posted by Rapunzel52 View Post
    OK...so we've gone nowhere, which is not growth. What happened to those people who left the roles In November that upped the rate a month ago??? Still doesn't change the fact that 350,000 left the work force in one months time.
    That's not what it means. It just means that the participation rate didn't move, which is not the same thing as the unemployment rate. The participation rate has been falling for a decade or more and will continue to fall as more baby boomers hit retirement age.
    "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. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

    Quote Originally Posted by AdamT View Post
    That's not what it means. It just means that the participation rate didn't move, which is not the same thing as the unemployment rate. The participation rate has been falling for a decade or more and will continue to fall as more baby boomers hit retirement age.
    That was one of the points I tried to address before. It is the young that appear to be dropping out and the older Americans are coming back into the work force.
    If it sounds like Marx and acts like Stalin...it must be Obama

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    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.
    Oh BS.....they didnt even adjust for seasonal employment and how many dropped out of the labor force ?

    If it wasn't for stupid people you guys would have no base because xou would have to be pretty thick to think that report is indicative of anything good.

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

    I had heard the expectation was low due to Super Storm Sandy. It seems things are improving much better than expected. I think the next jobs numbers will be even better because of the seasonal work and jobs created from cleaning up and rebuilding with the storm damage.

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