Page 134 of 163 FirstFirst ... 3484124132133134135136144 ... LastLast
Results 1,331 to 1,340 of 1628

Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

  1. #1331
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Again, how did this recession hurt you or your family?
    Why the myopic focus? We are not here to discuss myself or any other member of this forum.

    Home values along with constant dollar equity prices are not even close to pre-recession levels.

    Obama is responsible for the numbers generated during his term just like you hold Bush responsible for the numbers during his term. What Obama policy has made things better for the private sector? Where is th incentive for a small business to grow and hire people?
    I never stated i hold Bush responsible for anything other than his two wars and deficit spending with full employment GDP.



    Interesting logic you have, Bush destroyed the economy but Obama is powerless to implement anythihg to make it better even when he had overwhelming numbers his first term.
    Never said Bush destroyed the economy. Only that he presided over the great net wealth loss since the Great Depression. It was the private sector securitization industry that destroyed the economy.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #1332
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    You still don't get it. I know you're factoring in the paricipation rate since Obama took over. But you're only doing that for the current unemployment rate -- you're not doing that for the unemployment rate when Obama became president.

    That's what I did for Bush; which made the unemployment rate 10% when Obama took over. By you saying it's up now even more than 10% because of that means you're factoring in the participation rate twice now for Obama.

    What you're trying to do, and it's not working out for ya, is increasing the unemployment rate based on the drop in the LFPR. But the mistake in your equation is that you're only factoring in the drop in LFPR since January of 2009; when in fact, that drop began much earlier.

    That means what you're doing is comparing the 7.8% that Obama inherited without factoring in the LFPR with the current 7.6% rate while factoring in the LFPR.

    Apples to oranges. If you want apples to apples, you have to factor in the LFPR drop while Bush was president, which elevates the unemployment rate from 7.8% to 9.9%. So again, even by that metric, Obama lowered unemployment.



    There's no spin. The BLS data indicates the U3 rate was 7.8% when Obama became president and it's now 7.6%. In my world, 7.6 is lower than 7.8.


    That's where your problems begin -- you have no idea how many of those who left the workforce, did so because they wanted to.


    Yet nothing you have presented indicates that. That seems to be your wishful thinking.
    Okay...first

    http://data.bls.gov/pdq/SurveyOutputServlet Not sure why the link does not work - just type in 'LFPR' in the 'Search' box.

    The month GWB (who I think was a lousy POTUS btw) took over - the LFPR was 66.7%

    For January 2007, it was 66.4%.

    5 years later it had only dropped 0.3%.

    By the time he left office - with a full blown major recession in progress - it had dropped to 65.8%. Obviously the recession affected the numbers greatly - just as the Fed suggested.


    Now - since Obama took over, the rate has fallen to 63.3% - the lowest it has been since June, 1979 (!).

    That is a drop of 2.5% in just over 4 years.

    In GWB's first 5 years it had only dropped 0.3% (and then the housing slowdown began and things started to spiral downwards).

    So, you are saying that the LFPR is primarily falling because of factors other then the lousy economy - despite the fact that it has dropped over 8 (EIGHT!!!) times faster during Obama's first four years then it did during GWB's first 5?

    That is (imo) clearly ridiculous - no offense.


    Two) If you wish to take a different starting date to figure in the drop in the Labor Force Participation Rate (LFPR) - go ahead.

    But I chose the day Obama took over as my guide because he (and his disciples - like you seem to be) are insisting that the unemployment rate is about the same today as when he took over.

    Officially, it is.

    But the actual unemployment rate if you included those that have left the work force simply because they cannot find work should (imo) be counted as still part of the work force since they left by force/technicality - not by choice.

    And on that basis - the unemployment rate should be well over 9% (using the Fed's own report as a guidepost).


    Those are facts.

    Now if you wish to spin it so your guy's numbers look better - feel free.

    It changes nothing...facts are facts.


    And three) the official unemployment rate is worse today then the day Obama was inaugurated - not better as you stated above.

    The day he took office (January 20, 2009) the rate officially was 7.3% - not 7.8%.

    Notice: Data not available: U.S. Bureau of Labor Statistics Type in 'Search' window - 'unemployment rate' and hit the first result.

    So by either standard I have listed here - the U.S. unemployment rate is worse today then the day Obama took office.


    So, now I have a question for you.

    Since the day Obama took office, the official unemployment rate is worse, average housing price is down, the national debt is up over 50% and food stamp usage is up over 40%.

    National Debt by Year

    On the basis of ONLY those guideposts - would you consider Obama's Presidency a success?

    Yes or no, please?
    Last edited by DA60; 04-15-13 at 05:52 PM.

  3. #1333
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Kushinator View Post
    Really?
    The U-3 is the official rate. Sorry you do not know that. Oh well.

    I do not have a bias, i simply call it how i see it. You on the other hand have expressed a deep anti-government bias throughout your history on this site. Anything that clashes with your anti-government POV is close minded.
    I can speak for myself - and I am not 'anti-government'.

    I am anti-incompetence. Anti-corruption.

    When the government stops exhibiting these traits in such abundance - I will be as pro-government as anyone (I suspect).


    Have a nice day.

  4. #1334
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    I don't care how many times you repeat it, that half included people who voluntarily left the workforce.
    And where is your link to unbiased, factual evidence that a significant number of that 1/2 left the work force voluntarily - that they did not leave primarily because they could not find work?

    Once again, until then, I will take the Fed's numbers over yours.


    Have a nice day.

  5. #1335
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:13 AM
    Gender
    Lean
    Conservative
    Posts
    67,249

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Kushinator View Post
    Why the myopic focus? We are not here to discuss myself or any other member of this forum.

    Home values along with constant dollar equity prices are not even close to pre-recession levels.



    I never stated i hold Bush responsible for anything other than his two wars and deficit spending with full employment GDP.





    Never said Bush destroyed the economy. Only that he presided over the great net wealth loss since the Great Depression. It was the private sector securitization industry that destroyed the economy.
    The private sector is what built this country, politicians and bureaucrats are destroying it. There is no reason for a 3.77 trillion dollar budget other than to buy votes by creating dependence and that is what Obama is doing.

    You didn't say it but Sheik did along with other leftwing ideologues. Bush had a lot of help doing just that and it all came to a head under a Democratic controlled Congress in late 2007. Prior to that from 2003-2007 there was incredible wealth creation and growth which seems to escape a lot of people. That has been reversed and Obama had nothing to do with it other than trying to destroy it again

  6. #1336
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    Oh, btw ... no, it doesn't mean that either. That article is almost 16 months old. Since then, close to 3 million people have found work in the private sector.
    Either include sources for your numbers (as I generally do) or your numbers will be ignored.

    I am not going to waste my time checking your 'numbers'.

    'Close to' can mean almost anything.


    Have a nice day.

  7. #1337
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:13 AM
    Gender
    Lean
    Conservative
    Posts
    67,249

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by DA60 View Post
    Either include sources for your numbers (as I generally do) or your numbers will be ignored.

    I am not going to waste my time checking your 'numbers'.

    'Close to' can mean almost anything.


    Have a nice day.
    Employment is back to where it was when Obama took office, very little more and it only cost over 6 trillion to the debt to get there. Some areas of the country are still waiting for their shovels to arrive for those shovel ready jobs.

  8. #1338
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by DA60 View Post
    Okay...first

    Notice: Data not available: U.S. Bureau of Labor Statistics Not sure why the link does not work - just type in 'LFPR' in the 'Search' box.

    The month GWB (who I think was a lousy POTUS btw) took over - the LFPR was 66.7%

    For January 2007, it was 66.4%.

    4 years later it had only dropped 0.3%.

    By the time he left office - with a full blown major recession in progress - it had dropped to 65.8%. Obviously the recession affected the numbers greatly - just as the Fed suggested.


    Now - since Obama took over, the rate has fallen to 63.3% - the lowest it has been since June, 1979 (!).

    That is a drop of 2.5% in just over 4 years.

    In GWB's first 4 years it had only dropped 0.3% (and then the housing slowdown began and things started to spiral downwards).

    So, you are saying that the LFPR is primarily falling because of factors other then the lousy economy - despite the fact that it has dropped over 8 (EIGHT!!!) times faster during Obama's first four years then it did during GWB's first 4?

    That is (imo) clearly ridiculous - no offense.
    The three highlighted numbers are mistakes I made and the correct numbers are the highlighted ones - basically, I put '5' in where I should have put '4'.
    Last edited by DA60; 04-15-13 at 06:42 PM.

  9. #1339
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Prior to that from 2003-2007 there was incredible wealth creation and growth which seems to escape a lot of people. That has been reversed and Obama had nothing to do with it other than trying to destroy it again
    Ignored? Um...it was based on a REAL ESTATE BUBBLE......or have you forgotten that too?

    FFS!
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  10. #1340
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:13 AM
    Gender
    Lean
    Conservative
    Posts
    67,249

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Ignored? Um...it was based on a REAL ESTATE BUBBLE......or have you forgotten that too?

    FFS!
    Got it, the Dot.com bubble ok, but the real estate bubble, not so much. All economies are going to have bubbles at one time or anyother it is how leadership handles the bubbles that matter. Obama has been a failure at handling this one. TARP supposedly saved the banks and brought us out of recession, TARP was Bush's program that Obama voted for and supported.

Posting Permissions

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