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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]

    Once again...

    ...in April...some more stats...

    - the average weekly hours dropped from 34.6 to 34.4 hours.

    - manufacturing jobs created...zip.

    - mining and logging jobs...down 3,000

    - construction jobs...down 6,000

    Employment Situation Summary Table B. Establishment data, seasonally adjusted


    Plus, the underemployment rate (U-6 - the REAL unemployment indicator to me) went up from 13.8% to 13.9%.
    Last edited by DA60; 05-07-13 at 08:49 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
    Once again...

    ...in April...some more stats...

    - the average weekly hours dropped from 34.6 to 34.4 hours.

    - manufacturing jobs created...zip.

    - mining and logging jobs...down 3,000

    - construction jobs...down 6,000

    Employment Situation Summary Table B. Establishment data, seasonally adjusted


    Plus, the underemployment rate (U-6 - the REAL unemployment indicator to me) went up from 13.8% to 13.9%.
    Leave it to rightwingers to call a net gain of almost 300 thousand new jobs, a bad thing.

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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
    Oh, you added....Well, that certainly makes the wrong personal attack acceptable.... Just knock it off Joe. I have already explained Obama's socialist sympathies. Do I think he is "a socialist" no. Do I think he is sympathetic with lines of thought that match up, or run parallel with Marx? yes.

    '

    Well of course you don't recall that...How convenient for your insulting line of thinking.



    Shall we hold you to every line of thinking, or every utterance you've ever had? What a closed minded way of thinking you are displaying here Joe....



    What an arrogant pile of crap you have here Joe. You must really think yourself something to behold don't you? Whether or not the calculations for determining the UE rates have been skewed in the past I suspect they have, and politically motivated as well on both sides of the isle, but that doesn't make it right. Two wrongs don't make a right.
    No one said it made it right, only that you and others will only see it when a democrat is in charge, and despite next to no difference between the two parties, you and others will go all hyperbolic socialist (with Obama some will add the communist Marxist Kenyon terrorist).

    And you are free to address anything I've ever ACTUALLY said.


    now care to address what is being argued?

    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 Sheik Yerbuti View Post
    Leave it to rightwingers to call a net gain of almost 300 thousand new jobs, a bad thing.
    This might be a more interesting debate if we could stop the insults about liberals or rightwingers. It seems legitimate to discuss not only if there is job growth, but are we growing good paying jobs. If we fire one middle manager in a big company making 100K and hire two Wal mart greeters making 20K have we made progress?

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

    I am honestly surprised on the construction numbers. I have seen growth in the waste-water industry over the last year. We are a small segment of construction, but I always feel we go hand and hand.
    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 washunut View Post
    This might be a more interesting debate if we could stop the insults about liberals or rightwingers. It seems legitimate to discuss not only if there is job growth, but are we growing good paying jobs. If we fire one middle manager in a big company making 100K and hire two Wal mart greeters making 20K have we made progress?
    It's ridiculous to claim that growth of nearly 300 thousand jobs in a month is bad. And the reason I pointed out that it's rightwingers who are doing it is because I don't see anyone on the left complaining about adding nearly 300 thousand jobs in a month. It doesn't matter if they're low paying jobs. Most people who earned a good salary before losing their job won't even take a low paying job unless it's out of desperation, so more likely than not, the portion of those nearly 300 thousand jobs which were low paying, went to people who were looking for such jobs.

    But the bottom line is, the job market is growing and it has been growing for some time now. Are we back to where we were? No. But then when you lose 13 million jobs to under/unemployment and discouraged workers, as we did in 2008 and 2009, it takes time to completelky recover from a disaster like that. And it's rightwingers (not all, but many) who, despite growth in almost every month over the last 3 years, are the ones who hunt for bad news in the job market, even when the news is good. Folks like them don't want the economy to recover because they don't want Obama to get any credit. They're diehard supply-siders whose worst nightmare is to see any keynesian economics prove to be productive.

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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
    No one said it made it right, only that you and others will only see it when a democrat is in charge, and despite next to no difference between the two parties, you and others will go all hyperbolic socialist (with Obama some will add the communist Marxist Kenyon terrorist).

    And you are free to address anything I've ever ACTUALLY said.


    now care to address what is being argued?
    Not with you....I prefer an honest debate.
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    Re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by DA60 View Post
    Once again...

    ...in April...some more stats...

    - the average weekly hours dropped from 34.6 to 34.4 hours.

    - manufacturing jobs created...zip.

    - mining and logging jobs...down 3,000

    - construction jobs...down 6,000

    Employment Situation Summary Table B. Establishment data, seasonally adjusted


    Plus, the underemployment rate (U-6 - the REAL unemployment indicator to me) went up from 13.8% to 13.9%.
    So basically, you're just cherry picking the negative parts. The Goods Producing Industries dropped employment (though residential construction employment went up), while all the gains were private service producing. Not the best of trends, but it's still more jobs. And Goods Producing dropped 9,000 (not statistically significant) while service industries increased 185,000 (which is statistically significant).

    And while the U6 did go up, the U4 went down and the U5 stayed flat. So while Discouraged went up, all other marginally attached went down.
    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
    So basically, you're just cherry picking the negative parts. The Goods Producing Industries dropped employment (though residential construction employment went up), while all the gains were private service producing. Not the best of trends, but it's still more jobs. And Goods Producing dropped 9,000 (not statistically significant) while service industries increased 185,000 (which is statistically significant).

    And while the U6 did go up, the U4 went down and the U5 stayed flat. So while Discouraged went up, all other marginally attached went down.
    If you think service industry jobs are as remotely as important to America's future as manufacturing/construction jobs...then you have not a clue what you are talking about.

    Obviously if you throw trillions of government debt dollars around (through the Fed and fiscal deficits) you are going to create a lot of service industry jobs...that's a no brainer.

    But creating an environment that encourages Americans to manufacture and construct 'things' in a profitable manner is the key to a healthy economic future...not lots of debt based, service jobs.

    And the only U-numbers I care about are U-3 (because the masses fixate on it) and the U-6 (which offers the broadest figure).


    Have a nice day.
    Last edited by DA60; 05-08-13 at 09:36 AM.

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

    Quote Originally Posted by DA60 View Post
    If you think service industry jobs are as remotely as important to America's future as manufacturing/construction jobs...then you have not a clue what you are talking about.
    Perhaps you should read my posts more carefully. You seem to have missed the part where I said "Not the best of trends, but it's still more jobs. "

    But creating an environment that encourages Americans to manufacture and construct 'things' in a profitable manner is the key to a healthy economic future...not lots of debt based, service jobs.
    But is it better or worse than no jobs?
    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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