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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 Fenton View Post
    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 ?
    Saying No to everything is not an "ideology". It's a travesty and a symptom of a dying party with no ideas left.
    Oh and I have some more bad news for you.
    The employment numbers for Feb. and March have been revised upward by another 114,000 jobs and the Dow broke 15,000 today. Sorry

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

    Quote Originally Posted by pinqy View Post
    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.

    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.

    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?

    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?
    Oh great - a lover of multi-quotes...oh well.


    1) Yes, I meant ''discouraged', not 'disgruntled'. Like you did not know EXACTLY what I meant.


    2) People who are unemployed (for ANY length of time) but still wish to work but have been forced to stop looking (because - for example - they had to start working under the table or went back to school, etc.) should be counted as unemployed.
    I realize you disagree and I hope you realize that I don't care very much that you do because I don't have very much respect for your (apparent) 'understanding' of macroeconomics...no offense.


    and 3) I will say again:

    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%.

    What this means and says should be ridiculously obvious.

    I am not going to debate with an (apparently) closed minded person like you on the merits of it or what you think it really means...life is WAY too short for that.

    If you don't agree - take a WILD guess how much I care?


    Have a splendid day.
    Last edited by DA60; 05-03-13 at 01:16 PM.

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

    Quote Originally Posted by ocean515 View Post
    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.
    In addition what makes the UE look better and I don't feel 7.5% is good by any standards is the people actually dropping out of the labor force meaning that they are dropping off the unemployment roles as well. That decrease in unemployment even on a declining labor force is what is making the rate look better. The Unemployment rate is calculated by taking the number of Unemployed and dividing it by the labor force which in this case is 11659/155.2 million and that is what gives you the 7.5% UE. The total U-6 which is the 11659 unemployed + Discouraged workers + under employed workers is 13.9% and that seems to be the new liberal norm which to anyone with any drive, pride, or initiative would be unacceptable and a disaster.

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

    Quote Originally Posted by Conservative View Post
    In addition what makes the UE look better and I don't feel 7.5% is good by any standards is the people actually dropping out of the labor force meaning that they are dropping off the unemployment roles as well. That decrease in unemployment even on a declining labor force is what is making the rate look better. The Unemployment rate is calculated by taking the number of Unemployed and dividing it by the labor force which in this case is 11659/155.2 million and that is what gives you the 7.5% UE. The total U-6 which is the 11659 unemployed + Discouraged workers + under employed workers is 13.9% and that seems to be the new liberal norm which to anyone with any drive, pride, or initiative would be unacceptable and a disaster.
    In California, IMO, ground zero for liberal/progressive actions and agendas, the U-6 is 18.8%, and in Los Angeles County, it's 20.5%

    Alternative Measures of Labor Underutilization for States

    Ponder the population, and how many people those numbers represent.

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

    Quote Originally Posted by ocean515 View Post
    In California, IMO, ground zero for liberal/progressive actions and agendas, the U-6 is 18.8%, and in Los Angeles County, it's 20.5%

    Alternative Measures of Labor Underutilization for States

    Ponder the population, and how many people those numbers represent.
    That is what makes politicians drool as they see that high rate as an opportunity to provide all that govt "help" that liberalism is so famous for. The more "help" liberals can provide the more need their is to keep those liberals employed in govt. jobs

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

    Quote Originally Posted by Conservative View Post
    That is what makes politicians drool as they see that high rate as an opportunity to provide all that govt "help" that liberalism is so famous for. The more "help" liberals can provide the more need their is to keep those liberals employed in govt. jobs
    Your statement is backed up by the fact California is home to more than 30% of the nations welfare cases while only containing @ 13% of the nations population.

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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?
    That entirely depends on what specifically you're looking for. "Economic Health" is a nebulous term. Personally, I think that the most important measure to look at now is the U1: % of the Labor Force Unemployed 15 or more weeks. That's at 4.1% and has been going down a lot more slowly than the overall rate.
    All the measures tend to move in the same direction, so as far as trends go, none is that much better than the others.

    Why do you think adjustments are made to numbers?
    Seasonal Adjustments? Every year when school ends, more people are looking for work and more people are getting hired for summer employment. And the reverse every Fall. And then there's Christmas. So if the unemployment rate drops in November, how much of that was because of Christmas and how much was real improvement? Seasonal adjustment smooths out the curve to show the underlying trend. It's like measuring the change in the shoreline...you have to account for the tides.
    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 Conservative View Post
    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%
    Of course it does. Have you heard anyone claim we've completely recovered from the Recession? I haven't. But what direction are things going now? And note that the Labor Force Participation Rate has been declining since 2000.
    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 iguanaman View Post
    Saying No to everything is not an "ideology". It's a travesty and a
    symptom of a dying party with no ideas left.
    Oh and I have some more bad news for you.
    The employment numbers for Feb. and March have been revised upward by another 114,000 jobs and the Dow broke 15,000 today. Sorry

    You should apologize if your celebrating " the rich getting richer" thanks to Bernakes perpetual QE, while the middle class sector shrinks and average Americans continue to suffer.

    Your'e joking right ? About the DOW ? LOL ! Ah man tell me your'e not seriously celebrating a Stock Market thats being propped up with the Feds printing and monetizing of nearly 70% of our Treasuries.

    As far as his jobs numbers are concerned the Labor force has now shrunk to 9,500,000 as you libs brag about your Presidents abillity to manipulate numbers......he can only manipulate those who either want to be manipulated or are chronically impaired.

    It's easy to shrink unemployment numbers. Just drive the US economy into a ditch and reduce the pool and then count on the afflicted and terminal ideologues to cheer and brag and spread the word.

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

    You need not look much further than this thread to see that the job market stinks. We have the Obama administration (inc their media pals) crowing about a ho-hum jobs number, for the umpteenth time in the past five years, as if we've just turned the corner to prosperity. I'm getting dizzy from all the corner's we've turned according to these guys.

    This thread is choc full of excuses as to why we should believe that things are great. Hey, don't believe that the economy stinks and Obama is doing a sucky job because of what you see around you, I have this index, that index, these adjusted numbers, those numbers, this chart, that chart, etc... All proving that things are great.

    We will know when things are going great, and it sure isn't now or any time since Obama's been in office.

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