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Thread: U.S. unemployment falls to 7.5% in April [W: 348, 360]

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by DA60 View Post
    And the ignorant public is buying it - with the help of the government fudging the CPI/GDP numbers to make things look better - hook, line and sinker.

    The U.S. economy is not getting better...it is getting worse.

    But John/Jane Q. Public (and Keynesian economists/bureaucrats like Paul Krugman/Ben Bernanke/Janet Yellen) are too ignorant on macroeconomics to see it.
    Fudging the CPI, GDP, and Jobs figures? Who can you trust nowadays??

    Based on what exactly?

    That might be the most arrogant statement I've seen on these boards. No offense, but you've provided absolutely nothing in the way of insight that would suggest you could hold your own against any of the names mentioned.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by iguanaman View Post
    Driving economies into a ditch, now that's
    something your side knows all about. Every Republican President has had a recession in his 1st term since WWII. Why do you think that is?


    Jeff Madrick: The Republican Presidential Recession Record
    Huffington ??

    Lol...wow, you don't even make a attempt any more.

    But I'm sure your not blaming Bush for the Democrat mandated sub-prime bubble are you ?

    Nah you wouldn't do that.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by a351 View Post
    Fudging the CPI, GDP, and Jobs figures?

    Who can you trust nowadays??

    Based on what exactly?

    That might be the most arrogant statement I've seen on these boards. No offense, but you've provided absolutely nothing in the way of insight that would suggest you could hold your own against any of the names mentioned.
    Arrogance is after 4 and a half years of massive debt and printing claiming a .1 drop in unemployment numbers with 9.5 million jobs missing all together is something to celebrate.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Dow joins went over 15,000 today for the first time.
    ‘This is not peace, it is an armistice for 20 years.’ (Ferdinand Foch. After the Treaty of Versailles, 1919).

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Fenton View Post
    Arrogance is after 4 and a half years of massive debt and printing claiming a .1 drop in unemployment numbers with 9.5 million jobs missing all together is something to celebrate.
    I'd ask for some supporting data for that 9.5 million job claim but I know better.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by a351 View Post
    Fudging the CPI, GDP, and Jobs figures? Who can you trust nowadays??

    Based on what exactly?

    That might be the most arrogant statement I've seen on these boards. No offense, but you've provided absolutely nothing in the way of insight that would suggest you could hold your own against any of the names mentioned.
    Based on staying informed.


    The government has admitted that it has changed the 'seasonal adjustments'...but they refuse to say exactly how they have changed them.

    And where were you - the government recently approved changing the CPI model to the C-CPI-U model...which they admit will make the CPI numbers lower then they are now. And they have changed the CPI models many times over the years. Especially since the mid-90's...al designed to lower the CPI numbers.

    AND the GDP tabulation process was changed recently (to much media attention) - again, to make the numbers seem better (in this case higher - freely admitted by the government).

    All of the above is common knowledge and none of it is denied by the government.
    Last edited by DA60; 05-03-13 at 07:05 PM.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by DA60 View Post
    Where exactly did I say the government 'fudged' the unemployment figures?
    There.

    Quote Originally Posted by DA60 View Post
    Yes, the employment numbers (through changes to how the Seasonally adjusted numbers are computed), the CPI (Congress just voted to change it to the C-CPI-U model...which lowers the rate...again) and the GDP (which makes the number seem larger and thus makes the debt-to-GDP look smaller) are all being skewed by the government to make the numbers the public sees look better.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by a351 View Post
    I'd ask for some supporting data for that 9.5 million job claim but I know better.
    How about a question, the labor force was 154 million in December 2007 and it was 143 million when Bush took office or a growth of 11 million, since 2007 the labor force went from 154 million to 155 million or a gain of 1 million vs a gain of 11 million. Do you think that the labor force has kept up with population growth?

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Fenton View Post
    Why part time ? Trying to out run Obama-Care ?

    Let me guess, the majoroty of your part time employees work under 30 hours each.
    No, its the nature of the business. It has been a business of part-timers before you and I ever heard of Obama. If you must know, 25% of my staff are full-time.... last two weeks I got hit with a ton of overtime as I was short-staffed.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    How about a question, the labor force was 154 million in December 2007 and it was 143 million when Bush took office or a growth of 11 million, since 2007 the labor force went from 154 million to 155 million or a gain of 1 million vs a gain of 11 million. Do you think that the labor force has kept up with population growth?
    No, not at all. That doesn't quite validate Fenton's claim though.

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