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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
    Whoa - I took a glancing look at your post (I did not actually read it).

    There is NO WAY I am getting into some huge, multi-quote debate with you over this...life is WAY too short for that and I do not NEARLY care enough what you think on this (no offense).

    Maybe you like endlessly debating opinions over and over again - I do not.

    You made your points, I disagree with them.

    So unless you have some links that disprove things I have said - end of discussion.


    Have a nice day.
    There's really nothing to agree or disagree with it. I simply posted the facts.

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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
    No. Listen, I am a layman when it comes to economics, and statistics. I confess that I am not very good at comprehending all the aspects behind coming up with the numbers that are fed to us through media. But, I do remember that we were told that we needed some 250,000 jobs created each month in order to keep up with population growth. Now we are being told that 130,000, to 180,000 is good enough, and lowers the rate. There is only one reason for that to happen in my understanding, and that is that the number of people dropping out of the workforce, exceeds the demand for new employment, so the number in my eyes is a shell game, and a lie.
    Don't worry, if a republican was in office, they would be singing the praises of these numbers. And we'd all be just shocked. Shocked I tells ya!

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    Don't worry, if a republican was in office, they would be singing the praises of these numbers. And we'd all be just shocked. Shocked I tells ya!
    If a Republican was President, they would be telling everyone how great the Republican President was for fixing this country, while Democrats would be making the exact same arguments they are now making. This is why I'm not a Democrat.

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

    Quote Originally Posted by Slyfox696 View Post
    If a Republican was President, they would be telling everyone how great the Republican President was for fixing this country, while Democrats would be making the exact same arguments they are now making. This is why I'm not a Democrat.
    I don't disagree, but found it interesting you singled out democrats. The problem as I see it giving presidents blame and credit when they have only limit ability to effect the economy. We ask them to lie.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    =Gimmesometruth;1061772525]False representation, faulty premise.
    Your opinion noted but since you have your own business without any outside employees you don't have much credibility.

    You are so confused, govt spending as a component of the economy and on a per capitia level has declined, the idea that govt should shrink as the country increases in size is silly, a false premise. In the 90's we had higher rates, increased revenues, declining deficits, lowered spending to gdp levels.
    Really? Where is the link from BEA.gov that shows that? In the 90's we also had a GOP Congress after Democrats were kicked out in 1994

    I'm not in the short term.
    You are indeed out of touch with reality

    Complete falsehood, employment levels had stabilized in 2010.
    Really? You call this stabilizing?

    Discouraged workers, average over 1.1 million a month. Guess those shovels still hadn't arrived

    2010 1065 1204 994 1197 1083 1207 1185 1110 1209 1219 1282 1318
    2011 993 1020 921 989 822 982 1119 977 1037 967 1096 945


    Finally a concession![/QUOTE]

    Yes, unlike you I understand the components of GDP and the percentage each contributes to the total

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

    Quote Originally Posted by Sheik Yerbuti View Post
    So this is what your rant is about?? Because you're not happy since Obama has lowered the unemployment rate more than every single Republican president going back as far as BLS data shows??



    And by the way, I didn't ignore discouraged workers, I included them in another chart showing that Obama still performs better than his Republican counter parts when using the U6 rate.

    As far as discouraged workers under Reagan, I don't know, how many were there?

    And again, you continue to deflect away from your nonsensical claim that 9 million jobs were lost under Obama.

    I thought you said you admit when you're wrong, as I had done.

    Seems not.
    No problem at all, I have now learned from you that even though the U-3 numbers don't include discouraged workers that apparently a discouraged worker is less unemployed than a regular unemployed.

    I have checked over and over again and no where have I found Obama having fewer discouraged workers than Bush but that is ok, your head is so far up Obama's ass you are incapable of seeing anything straight

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

    Quote Originally Posted by pinqy View Post
    I have no opinion on the matter.
    They're not unemployed at all because they're not trying to get ajob...they're Not in the Labor Force.

    How are you getting that from what I wrote? I'm giving you the actual numbers, not the false numbers you were claiming. I've said nothing about good or bad.

    It's not. Everyone in the labor force wants a job. That's kind of the definition of the labor force: Wanting a job and doing something about working. And the labor force has gone up 1 million.

    There are some people not in the labor force who say they want a job (this includes the discouraged) but aren't actually doing anything about it. The number of people NOT in the Labor Force who say they want a job has increased 700,000: from 5.7 million to 6.4 million.

    Yes they do...and they are in the labor force.

    Do you not understand the definitions?
    Thanks, glad to hear that discouraged workers are less unemployed than actual reported unemployed in the U-3 numbers. Seems the difference is discouraged workers aren't counted in the U-3 number so if they aren't unemployed why are they counted in the U-6 numbers?

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

    Quote Originally Posted by Gimmesometruth View Post
    LOL...yeah, that is what we want! That is a "normal" we seek! FFS, the absolute dishonesty you need to ascribe to your adversary while ignoring your sides intransigence. Again, the GOP refuses to push ANY jobs programs, to restore public employment, to help in pushing ANY economic stimulation that might make the President look better.

    Politics before nation, the GOP way.
    The best economic news the American economy could get would be a major address by Obama stating that he is resigning for the good of the country

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

    Quote Originally Posted by pinqy View Post
    Why does that make a difference? Discouraged weren't part of the U-5 (the equivalent of the current U-3) back then. The definition of Discouraged changed in 1994, so there's no real comparison.
    Wrong, the official rate during Reagan included discouraged workers, that was changed in 1994 by the Democrat controlled Congress. That is why you cannot find discouraged workers anywhere in BLS during the Reagan term

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

    Quote Originally Posted by The Prof View Post
    he did?

    LOL!

    what else did he do?

    i see why you find him so fascinating...

    why are so many more workers forced to work part time this month compared to march?

    why did some HALF MILLION drop out of the work force just last month?

    why did the white house promise we'd be at 5.1% unemployment TODAY due to passage of his 867B stim?
    Notice how our little friends live in their own little world of fantasyland where they are right and everyone else is wrong. I do have a life outside of this forum but never run from anyone. You see, liberals in this tread are insecure "little people" whose success can be measured by counting on your fingers and who need Obama to level the playing field due to their inability to compete.

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