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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 j-mac View Post
    It would paint a far different picture if actual numbers were being used instead of massaging stats to mislead the American people.
    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]

    There are so many discouraged workers who's unemployment has run out and are not looking for work that a drop in the official unemployment number is meaningless, in fact a sudden sharp increase in the number is what would be a good sign right now, it would mean discouraged workers see job opportunities and got back in the game.

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

    Quote Originally Posted by DA60 View Post
    So, after 52 months and a 50+% increase in the U.S. national debt...the Obama administration has 'got' the unemployment rate down to it's lowest level since George W. Bush's last full month in office.


    SUCCESS...right?
    BTW...I am being sarcastic here.

    That is not a success in my mind.

    It is a gigantic failure.

    A 50+% rise in the national debt (which does not include the trillions more on the Fed ledger) over 52 months to 'get' the unemployment rate down to 7.5%?!?

    That's pathetic.

    It's (to a point) the 1930's all over again.

    Massive government spending in return for economic stagnation (except, this time the Fed is pumping trillions indirectly into the stock markets to artificially pump them up).

    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.
    Last edited by DA60; 05-03-13 at 10:52 AM.

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

    I like the revisions. Up is good. When they revise them up 2 months later, I feel they are more solid.
    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. unemployment falls to 7.5% in April [W: 348, 360]

    With the Affordable Health Care Act going into effect, and employers moving employees from 35 hours a week to less than 30, that should create jobs right? Because someone will have to pick up those hours, it will count as another job created. I wonder how they are going to reflect that in the metrics.
    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. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by DA60 View Post
    BTW...I am being sarcastic here.

    That is not a success in my mind.

    It is a gigantic failure.

    A 50+% rise in the national debt (which does not include the trillions more on the Fed ledger) over 52 months to 'get' the unemployment rate down to 7.5%?!?

    That's pathetic.

    It's (to a point) the 1930's all over again.

    Massive government spending in return for economic stagnation (except, this time the Fed is pumping trillions indirectly into the stock markets to artificially pump them up).

    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.
    Out of curiosity...what would you have done?
    PeteEU

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

    the labor participation rate remained the same at 63.3%.
    Go Vols

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

    Quote Originally Posted by pinqy View Post
    Table A-1. Employment status of the civilian population by sex and age for the UE rate and
    Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail
    Although I find it strange that I really need to link to the press release....it's not like it's obscure information.
    Actually, a more accurate measure is found here:

    Table A-15. Alternative measures of labor underutilization

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

    Quote Originally Posted by Carleen View Post
    Republicans will be terribly dismayed by this news.
    Yes, it's very positive jobs report, I really like the revisions for Feb and Mar which add another 114,000. Here are the BLS monthly changes:

    Bureau of Labor Statistics Data


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

    Good work everyone.
    "Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough."
    -FDR

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