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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
    You sound like a bureaucrat.


    I know how the U-3 is tabulated and I know what a 'discouraged worker' is in the government's eyes.
    And yet you used the word "disgruntled" instead of "discouraged" and got the defintion wrong, especially in claiming that they were "clearly" still looking for work.

    [qutoe]And I say that the way the government tabulates it is wrong insofar as giving an accurate picture of the true unemployment rate in America.[/quote] What makes your definition "true?" What do you think you're trying to measure? Someone not looking for work tells us nothing at all about the true state of the labor market because they're not actually participating in it. Tracking discouraged, all other marginally attached and other groups is important because it gives a broader picture of the overall labor situation, but it's not more accurate.

    Among other things, the '12 months' timeframe should be changed to 'infinite'.
    Why? Why is someone who hasn't done anything about getting a job in over a year helpful in judging the current labor market? And do you really think it's reliable?

    And if the participation rate today was the same as it was when Obama took over, and only half of the difference was counted, then the unemployment rate today would be 9.2/9.3%.
    9.1% by my math...close enough. But think about it. All you're saying is that if more people were unemployed then the unemployment rate would be higher. Which is "duh." And how are you justifying adding in people who don't want to work or who aren't available for work? And you're switching goalposts again because your half the difference is still 3.5 times the number of Discouraged workers. Do you need me to show the math?
    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
    Ok, the actual rate (not "massaged" through seasonal adjustment) is 7.1%, and the not seasonally adjusted change in jobs was +932,000

    Although somehow I suspect that's not what you meant, though I also suspect it would have been what you meant if the unadjusted numbers were worse.
    What is quite telling is the new normal that liberals willingly accept. today there are 155.2 million in the labor force. Does anyone find that disturbing since in December 2007 when the recession began there were 154 million in the labor force so in over four years the labor force increased by 1.2 million? Does it bother anyone that in December 2007 there were 146 million working Americans and today that is 143 million? Does it bother anyone that the labor participation rate is 63% and that the U-6 rate is still 13.9%

    Why do liberals always have such low expectations and willingly accept numbers like the April Numbers as a success? Those numbers won't be a success until ever American that wants a job is able to find one and the millions and millions that have dropped out of the labor force return.

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

    It gotten to where few trust the BLS anymore. Trust is lost when it appears that turd polishing has replaced honest analysis.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by DA60 View Post
    Yes, I realize what I typed would hurt the economy in the short run - probably send it back into a recession...possibly a short, very bad one.

    But I feel this would be mild compared to the nightmare that faces America if this debt/spending madness that the government/Fed is presently employing is allowed to continue to reach it's inevitably disastrous conclusion.
    Fine, I dont agree with it allbut fine. It is not "probably"..it is most definite since you are cutting trillions out of the economy without replacing it with something. It will also not be short, but medium to long term since people will not feel secure enough to risk anything like buying a new car or tv... the old one can hold another decade attitude. Poverty will shoot up and income inequality will sky rocket... not something that is good for any economy.

    Such changes have to be over time and preferably when the private sector can take up the slack. As it stands now, that is simply not going to happen with the amount of private sector problems that the private sector with the help of favorable politicians have created. And of course as long as the political elite are in total denial of what the problems actually are.. then they wont change anything.
    PeteEU

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

    Quote Originally Posted by ocean515 View Post
    Would a snapshot of the employment picture as it relates to the nations economic health, be more accurate if it included underemployed and discouraged workers?

    Why do you think adjustments are made to numbers?
    Good morning, Ocean515.

    This is just a wild guess on my part, you understand, but I think it's possible that attempts are being made to hide the awful truth about the state of our economy, and the lack of decent paying jobs for people who want to work..

    Nah, that's probably too ridiculous to even consider!

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

    Quote Originally Posted by PeteEU View Post
    Fine, I dont agree with it allbut fine. It is not "probably"..it is most definite since you are cutting trillions out of the economy without replacing it with something. It will also not be short, but medium to long term since people will not feel secure enough to risk anything like buying a new car or tv... the old one can hold another decade attitude. Poverty will shoot up and income inequality will sky rocket... not something that is good for any economy.

    Such changes have to be over time and preferably when the private sector can take up the slack. As it stands now, that is simply not going to happen with the amount of private sector problems that the private sector with the help of favorable politicians have created. And of course as long as the political elite are in total denial of what the problems actually are.. then they wont change anything.
    Really? the private sector getting favorable treatment from politicians? When you define the private sector do you take into account the small businesses that make up most of the economy, businesses that employ the majority of the labor force and businesses that have closed by the hundreds of thousands yet aren't counted as unemployed? Does it bother you at all that govt. spending now accounts for almost 40% of our GDP which is double what it used to contribute? Does it bother you that small businesses are being hurt by Obamanomics as well as Obamacare and the threat of higher taxes? Is this the new normal for liberals? High unemployment, stagnant labor force, low economic growth, and high debt? When do we become a member of the European Union?

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

    Quote Originally Posted by polgara View Post
    Good morning, Ocean515.

    This is just a wild guess on my part, you understand, but I think it's possible that attempts are being made to hide the awful truth about the state of our economy, and the lack of decent paying jobs for people who want to work..

    Nah, that's probably too ridiculous to even consider!
    Hi Polgara

    I think you're on to something...

    You know, I'd love to see how the BLS is calculating the number of people who are retiring from the work force. It seems quite convenient to remove babyboomers like me, when all the evidence I have seen suggests we are not retiring at the rate they seem to be applying.

    It sure makes the UE rate look good when they do it though.

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

    Quote Originally Posted by iguanaman View Post
    You can be sure It is very obscure on the
    sites these righty's frequent. Remember, good news for the U.S. is BAD news for them. And they avoid it like the plague. They know their ideology is fading fast and their only hope is catastrophe.
    LOL !! Our "ideology is the only thing keeping this administration from going double barrell stupid on whats left of our economy.

    Hey, one things certain as your President and your politicians hide like rats from the growing Bengazzi scandal, and that is unemployment numbers will fall the closer we get to 2014, as people like you celebrate and arbitrarilly grasp at any shred of positive evidence.

    Of-course you'll ignore our shrinking middle class, our 30 year low on consumer confidence, the shrinking job pool, the growing entitlments, Debt and deficit.

    The FEDs Kamikaze Qe and just about every piece of economic data that counters a .1 "rise" in unemployment when 9 million jobs have dissapeared.

    Thats not OUR ideology thats to blame for that, its all on you guys.

    Hey, when ObamaCare kicks in 100% in 2014, when people are forced to buy insurance with money they don't have or money they would of shoved back into the economy purchasing other goods, is that going to be the fault of our ideology too ?

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

    Out till later today. Garden work calling me.

    Be well.

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

    Quote Originally Posted by polgara View Post
    Out till later today. Garden work calling me.

    Be well.

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