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Thread: May employment report: Economy adds 175K jobs

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    Re: May employment report: Economy adds 175K jobs

    That's an interesting calculator - thanks for posting it.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    Erm, no. If the workforce were to grow by a tenth of one percent while remaining variables stabilized at current levels, the number of jobs required to lower the unemployment level would be about 315 thousand. Try it for yourself. Jobs Calculator - Federal Reserve Bank of Atlanta

    Your chart is in raw, non seasonally adjusted form and bit off from the official figures. The net total is actually just over 2 million.

    If the LFPR remained static, yes.

    No, that would be a decline (in potential, not real terms) in the workforce. Neither the amount of individuals working or the number of individuals categorized as unemployed has increased by that amount.

    No pretending. There simply isn't.
    This is gobbledy-gook. The numbers that I cited are accurate, as is the interpretation. It is the number needed to keep U-3 relatively steady, exactly as I said. I had already noted in an earlier post, had you paid attention, that swings in the LFPR create statistical anomalies.

    The fact remains that it is because of these anomalies that Obamabots can claim that unemployment is where it was when Obama took office, yet we are more than 2 million jobs short of where we would have needed to be for that to be accurate, if not for the huge manipulation of the LFPR by the Administration.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Eighty Deuce View Post
    This is gobbledy-gook. The numbers that I cited are accurate, as is the interpretation. It is the number needed to keep U-3 relatively steady, exactly as I said. I had already noted in an earlier post, had you paid attention, that swings in the LFPR create statistical anomalies.

    The fact remains that it is because of these anomalies that Obamabots can claim that unemployment is where it was when Obama took office, yet we are more than 2 million jobs short of where we would have needed to be for that to be accurate, if not for the huge manipulation of the LFPR by the Administration.
    Nope. The U-3 is hinged upon multiple variables, all of which vary from month to month. This range you've cited as necessary to keep unemployment "relatively steady" (whatever that means), is pure conjecture and not rooted in actual math of any kind.

    Conspiratoral nonsense.The Administration is not involved in the collection of LFPR data.

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    Re: May employment report: Economy adds 175K jobs

    The employment picture is perfect, it's smooth sailing from here. All we have to do is sit back drink Mint Juleps. Ahhhhhh
    "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: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Anthony60 View Post
    More of the same. Willful misunderstanding, I guess. That is just strange that it caused you to laugh. Again, misleading, a cornerstone of the left.
    I laughed because you think using facts in an argument is misleading. Apparently you prefer just to use your blind biases.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    Nope. The U-3 is hinged upon multiple variables, all of which vary from month to month. This range you've cited as necessary to keep unemployment "relatively steady" (whatever that means), is pure conjecture and not rooted in actual math of any kind.

    Conspiratoral nonsense.The Administration is not involved in the collection of LFPR data.
    What liberal bull****. Every month, due to constants such as birth rates and immigration, a predictable and fairly constant number of people join the potential work force. above and beyond those that leave the workforce for equally predictable reasons. Thus, a certain number of jobs must be available in order to maintain the status quo U-3.

    But anything to blow smoke to cover for the failure of Obamanomics.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    Pretty self explanatory. The claim that purchasing billions monthly worth of financial assets in order to increase the monetary base and free up reserves has no effect on employment or the "free market" is rather naive.

    LOL! Come on dude! Rainman was accurate.
    Rainman was accurate when you accidentally dropped a box of tooth picks in front of him......." 643 tooth picks, yea..time for Wapner "

    As for your claims of Qe's effectiveness let's just say were NOT on our 3rd round of it because it did what it was supposed to do. It will NEVER have a POSITIVE effect on our economy because all it is is a asset swap.

    QE1...Basically the FED buying massive amounts of toxic MBS's, from Fannie and Freddie no less which reminds me....we have a Lib poster here who likes to brag about Fannie and Freddie's " Success" and their mountains of profit....LOL !! Yea it's easy to make a profit when all of your toxic debt is being purchased by the Central Bank..

    Anyway, it was supposedly meant to provide banks with massive amounts of liquidity, bail out the housing industry and trigger lending. Of-course, it didn't work, It didn't work because the underlying reason for the stagnant economy was ignored and after the 2008 Sub-Prime collapse there were not allot of people really looking for lines of credit. All it did was load up the FED's portfolios with massive amounts of toxic debt.

    QE2, the FED's attempt to fight off deflation with " mild inflation" by buying massive amounts of assets, bonds and securities. Of-course it had no positive effect on the economy and just led to bonds and asset prices falsely over inflated in value with printed currency and a weaker and unstable dollar. A weaker dollar transmits directly to higher oil prices and prices on everything else. All it did was drive up gold prices as people hedged against the FED overshooting and if anything hurt the economy.

    QE3....Wow, poor Bernake, forced to push this monetary malfeasance under the most corrupt and incompetent President in our Nations History. NO amount of QE is going to help this desperately sick economy. QE3 is there for one reason, and that's to keep Obama's massive new debt,.....cheap as the FED buys up unprecedented amounts of short term treasuries, keeps paying banks interest on their MASSIVE reserves so he can influence their overnight rates and removes the risk from Wall Street investors.

    No, the DOWs record climb has nothing to do with anything that's REAL, it's backed by Bernake's perpetual QE, as low interest rates removes the risk on otherwise risky private securities.

    No, QE is a disaster for us, as the FED and Democrats completely ignore the real underlying issues of our stagnant economy and with these policies of perpetual QE, guarantee the economies of the future are held back with a massive inflationary weight that's currently being constructed by Bernake's printing.

    It is by far, the most destructive thing Obama has done to the Country and is by far the biggest lie. Obama's economy, one man controls it, ( Bernake ) and as soon as he says enough, that QE is going to stop, that's the end.

    Because there will be a massive sell off of overvalued securities and bonds, and a spike in Bond yields as interest rates climb to bring all of that excess money back.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Slyfox696 View Post
    I laughed because you think using facts in an argument is misleading. Apparently you prefer just to use your blind biases.
    So, you think that you can't be misleading by using facts? I already gave an example of that. But, we are straying far from the topic, no accident, as usual.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Eighty Deuce View Post
    What liberal bull****. Every month, due to constants such as birth rates and immigration, a predictable and fairly constant number of people join the potential work force. above and beyond those that leave the workforce for equally predictable reasons. Thus, a certain number of jobs must be available in order to maintain the status quo U-3.
    Well, t h at made almost no sense. Can you give an example showing the actual 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.

  10. #120
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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by pinqy View Post
    Well, t h at made almost no sense. Can you give an example showing the actual math?
    Not going to waste my time. You have already chosen not to learn.

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