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

  1. #971
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Your opinion noted but just like claiming that the Civilian Labor Force was the number of people employed and you had to admit you were wrong, you are wrong in your post here as well.
    Well, you're wrong again. I didn't claim the "Civilian Labor Force" was the number of people employed. When posting the number of people employed, I inadvertantly grabbed the data from the wrong table. Even worse, I called you a liar over the number you used, which as it turned out, was from the correct data series.

    But mistakes happen, I am certainly no more immune to them than anyone else, and I own up to them as soon as I become aware them.

    But I see no evidence of any mistakes in post #965.


    Quote Originally Posted by Conservative View Post
    Results matter except to a liberal like you who will always buy feel good rhetoric regardless of the results. Obama is your man as he will tell you what you want to hear and actual results don't matter.
    How many times must we entertain this exercise, Con? You proved that results don't matter to you when you cast your vote to re-elect George Bush, whose results going the 2004 election were in many cases worse than Obama's. The only result you cared about was that the candidate put an "R" after their name. Which is all you cared about since Reagan.

    So you can keep crowing about "Liberals" and "results" all you want, but you've established that even you don't care about results. And your rhetoric fools no one here but yourself.

  2. #972
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    Obama took over an economy that was coming out of recession not going into one. His very poor leadership and delegation of responsibility shows what a true failure he is.
    More bull.

    It was not coming out of recession. It was, in fact, at the very height of the recession. Bush's last full quarter of GDP was a whopping -8.9% -- the second worst quarter in BEA figures. The worst month in terms of jobs lost was in February, 2009. It wasn't until Obama was in office that the economy began to turn around.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Don't tell me you missed my "counterpoint" again?
    I know you're trying your little heart out, and I want to encourage you to keep striving.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

  4. #974
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Jack Hays View Post
    I know you're trying your little heart out, and I want to encourage you to keep striving.
    You're wrong about that too. It takes no effort on my part to dismiss your delusions.



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

    Quote Originally Posted by Sheik Yerbuti View Post
    . It wasn't until Obama was in office that the economy began to turn around.
    I think that is accurate and quite well phrased. Nothing Obama did altered the course of the economy. He just happened to be sitting in the Oval Office when the economy began to turn around. In fact, the recession officially ended in June of 2009. Nothing he did made that happen.

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

    Quote Originally Posted by Conservative View Post
    So tell me how anyone can claim Obama's record as positive with the labor participation rate dropping?
    Yes, they are dropping, however if you look a graph you would see them trending down beginning in 2000. So, I don't think you can put the blame on President Obama. The baby boomers are beginning to retire and people are retiring much sooner. Also, it appears as though more and more young adults are seeking college education.

    RealClearMarkets - Misunderstanding Declines In Labor Force Participation


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

    Quote Originally Posted by pbrauer View Post
    That graph does not restrict itself to only payroll jobs, there are many jobs where wages are not paid, such as volunteer jobs.
    Not according to the BLS glossary definition.

    BLS Glossary
    Employed persons (Current Population Survey) Persons 16 years and over in the civilian noninstitutional population who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees; worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family; and (b) all those who were not working but who had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job. Excluded are persons whose only activity consisted of work around their own house (painting, repairing, or own home housework) or volunteer work for religious, charitable, and other organizations.
    Further info:
    Volunteering in the United States, 2012

    The volunteer rate declined by 0.3 percentage point to 26.5 percent for the year ending
    in September 2012, the U.S. Bureau of Labor Statistics reported today. About 64.5 million
    people volunteered through or for an organization at least once between September 2011
    and September 2012. The decline in the volunteer rate in 2012 followed an increase of
    one-half of a percentage point in 2011.

    These data on volunteering were collected through a supplement to the September 2012
    Current Population Survey (CPS). The supplement was sponsored by the Corporation for
    National and Community Service. The CPS is a monthly survey of about 60,000 households
    that obtains information on employment and unemployment among the nation's civilian
    noninstitutional population age 16 and over. Volunteers are defined as persons who did
    unpaid work (except for expenses) through or for an organization. For more information
    about the volunteer supplement, see the Technical Note.

    Volunteering Among Demographic Groups

    The volunteer rates for both men and women (23.2 and 29.5 percent, respectively) changed
    little in the year ending in September 2012. Women continued to volunteer at a higher
    rate than did men across all age groups, educational levels, and other major demographic
    characteristics. (See tables A and 1.)

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

    Quote Originally Posted by pbrauer View Post
    Yes, they are dropping, however if you look a graph you would see them trending down beginning in 2000. So, I don't think you can put the blame on President Obama. The baby boomers are beginning to retire and people are retiring much sooner. Also, it appears as though more and more young adults are seeking college education.

    RealClearMarkets - Misunderstanding Declines In Labor Force Participation
    So your thought is that people are retiring from the workforce and those jobs are not being replaced and thats somehow an explanation for the declining participation rate? That would be alarming news, it means the waves of baby boomers retiring will not open up positions for the rest of the workforce.

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

    Quote Originally Posted by Conservative View Post
    Opinions are noted and the accuracy of the CBO is there for all to see, very poor.

    You cannot tell what is a saved job for much of the money went into the state coffers. Theirs is an opinion just like yours

    By what measurable standard was the stimulus successful?
    Says who? How about Moody's? Goldman? If you wish to prop up an opinion piece that contains no actual econometric analysis over the consensus of these sources, by all means..

    It's an estimation, and an informed one at that.

    GDP and employment trends directly following its implementation for starters.

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

    Quote Originally Posted by OpportunityCost View Post
    Not according to the BLS glossary definition.

    BLS Glossary


    Further info:
    Volunteering in the United States, 2012
    What's the contradiction in what I wrote, your info seems to support me.


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