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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 pinqy View Post
    Why do you think any of that is relevant when trying to measure unemployment?
    Why? Because a discouraged worker is a drain on society and were once unemployed but lost their unemployment benefits due to them running out.

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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!
    Your opinion noted now back it up with facts

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

    Quote Originally Posted by Conservative View Post
    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
    No, discouraged workers have never been part of the official rate. You're making it clear you've never done any actual research.
    Quick link for now of the changes to the alternative measures:
    http://www.bls.gov/mlr/1995/10/art3full.pdf
    You'll note that the U5 was the same as the current U3 and that discouraged workers were added in the U7.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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

    Quote Originally Posted by pinqy View Post
    No, discouraged workers have never been part of the official rate. You're making it clear you've never done any actual research.
    Quick link for now of the changes to the alternative measures:
    http://www.bls.gov/mlr/1995/10/art3full.pdf
    You'll note that the U5 was the same as the current U3 and that discouraged workers were added in the U7.
    Then you won't have any problem posting the bls chart that shows Discouraged workers prior to 1994. Thanks in advance

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

    Quote Originally Posted by Conservative View Post
    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
    Obama has 101,000 more discouraged workers than when he started. Bush had 433,000 more than when he started. Yay, Bush!!

    Jan/2001: 301,000
    Jan/2009: 734,000
    Apr/2013: 835,000


    Bureau of Labor Statistics Data

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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
    I don't disagree, but found it interesting you singled out democrats.
    Not really, I just said Democrats would do the same thing Republicans are currently doing if the shoe was on the other foot. I was a little careless with my pronouns when I should have said, "Democrats would be making the exact same arguments Republicans are now making."

    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.
    And that's the whole truth. All the talk about "Obama's economy" is simply nonsense. I play the game because I get sick of Republicans constantly blaming Obama for something he really has little to do with, especially when they are blaming him for good things that are happening and try to make it sound bad.

    The President economically, in a split Congress, has very little he can actually do. I would argue the action taken by Congress and signed by Obama right after he was elected (the stimulus) played a big part in stopping our slide into depression. But once the tide gets rolling, there's really little the President has to do with it. Congress has far more to do with the economy than the President, especially in the split Congress we now have.

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

    Quote Originally Posted by Conservative View Post
    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
    That you think Biden could do a better job with the economy only serves to highlight the severity of your ODS.

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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
    Obama has 101,000 more discouraged workers than when he started. Bush had 433,000 more than when he started. Yay, Bush!!

    Jan/2001: 301,000
    Jan/2009: 734,000
    Apr/2013: 835,000


    Bureau of Labor Statistics Data
    Hmmm, when did Bush ever have 835,000 discouraged workers and by the way discouraged workers are monthly not cumulative. This is especially a very pretty picture

    You will note that 2010 after all those shovels were shipped out the discouraged numbers increased to well over a million a month, a true liberal success story

    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

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

    Quote Originally Posted by Conservative View Post
    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
    So? After 51 months in office, Obama lowered the U6 rate more than Reagan lowered the U3 rate.

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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
    That you think Biden could do a better job with the economy only serves to highlight the severity of your ODS.
    I cannot imagine anyone doing a worse job with the economy than Obama so yes, I would take dumbass Biden over the incompetent Obama

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