Page 13 of 16 FirstFirst ... 31112131415 ... LastLast
Results 121 to 130 of 153

Thread: May employment report: Economy adds 175K jobs

  1. #121
    Guru
    pinqy's Avatar
    Join Date
    Dec 2012
    Location
    Northern Virginia
    Last Seen
    Today @ 02:27 PM
    Gender
    Lean
    Centrist
    Posts
    4,376

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Eighty Deuce View Post
    Not going to waste my time. You have already chosen not to learn.
    Oh, I learned a long time ago...I do this for a living.
    Like I thought. You clearly don't understand the terms or concepts ("potential workforce," really?) Not surprised you can't do the math, you obviously don't understand the real relationships.
    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.

  2. #122
    Sage

    Join Date
    Apr 2005
    Location
    America (A.K.A., a red state)
    Last Seen
    09-24-13 @ 01:19 PM
    Gender
    Lean
    Conservative
    Posts
    7,317

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    May employment report: Economy adds 175K jobs - CBS News

    A modest figure, but one that exceeded expectations by a slight amount. Also important to note is the loss of 14,000 positions at the federal level, reflecting budget cuts, and a sizable decline in manufacturing employment (8k). The full and official report can be found here:

    Employment Situation Summary
    A modest figure? Try a blatantly doctored, hilariously dishonest figure. This article best breaks it down.
    Try again.
    Democracy is two wolves and a sheep voting on what's for dinner (paraphrasing James Bovard).

  3. #123
    Guru
    pinqy's Avatar
    Join Date
    Dec 2012
    Location
    Northern Virginia
    Last Seen
    Today @ 02:27 PM
    Gender
    Lean
    Centrist
    Posts
    4,376

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by aquapub View Post
    A modest figure? Try a blatantly doctored, hilariously dishonest figure. This article best breaks it down.
    Try again.
    When your source starts out with a lie, you should know you're in trouble:
    Isn’t it a funny coincidence that the revisions are almost always downward? Isn’t it funny how the original figure is always good news…is announced in screaming headlines…and results in a soaring stock market. But no one ever notices the downward revision a month later. This government accounting scam happens almost every month.
    Let's look: Nonfarm Payroll Employment: Revisions between over-the-month estimates, 1979-present
    The payroll jobs are revised twice. Looking at the final revisions in the Seasonally Adjusted numbers (3rd-1st) we see that in 2009 there were 4 months revised down, 8 revised up.
    2010: One month revised down, 11 revised up.
    2011: Three months down, 9 months up.
    2012: Three months down, 9 months up.
    2013: January revised down, February and March revised up, 1st revision to April was down.

    So I don't know where he learned his math that 13 out of 52 is "almost always."

    As for the jobs quality, he's correct, but that's not an issue with the number, just on the spin people put on it afterwards.

    So if you're trying to show doctoring and dishonest: Try again.
    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.

  4. #124
    Sage
    Slyfox696's Avatar
    Join Date
    Mar 2013
    Last Seen
    Today @ 10:34 AM
    Gender
    Lean
    Moderate
    Posts
    7,986

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Anthony60 View Post
    So, you think that you can't be misleading by using facts?
    Sure, but not when the facts are relevant to the discussion. The facts I presented are relevant to the discussion, and the only thing which can be considered misleading is when you wish to omit the relevant facts.

    Only one of us is trying to be misleading, and it's not the person who provided facts relevant to the conversation.

  5. #125
    #NeverTrump
    a351's Avatar
    Join Date
    Oct 2011
    Location
    Space Coast
    Last Seen
    09-09-17 @ 08:54 AM
    Gender
    Lean
    Centrist
    Posts
    6,902

    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.
    LOL!

    Birth rates and immigration are not constants. Variables is the term you're looking for, as they quite obviously fluctuate on a regular basis. Also got a chuckle out of your use of the term "fairly constant" as if further qualifiers will redeem your cause! There is no official figure, range, or "fairly constant" number that is required on a consistent basis, the administration is not involved in the collection of labor statistics, and changes in the LFPR are not in any way an anomaly. Whoever provided you with this information took you for a sucker.

  6. #126
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Fisher View Post
    So unemployment went up but we like headlines that will make people believe it went down???
    Not really misleading. After his bold part, there's an explanation. Overall this is a positive.

    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.

  7. #127
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Boo Radley View Post
    Not really misleading. After his bold part, there's an explanation. Overall this is a positive.
    So, it's a healthy sign when the unemployment rate goes up because the labor force participation rate goes up?

    But it's not a bad sign when he unemployment rate goes down because the LFPR goes down?

  8. #128
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    LOL!

    Birth rates and immigration are not constants. Variables is the term you're looking for, as they quite obviously fluctuate on a regular basis. Also got a chuckle out of your use of the term "fairly constant" as if further qualifiers will redeem your cause! There is no official figure, range, or "fairly constant" number that is required on a consistent basis, the administration is not involved in the collection of labor statistics, and changes in the LFPR are not in any way an anomaly. Whoever provided you with this information took you for a sucker.
    The only sucker here is you. So just how much has out population growth "fluctuated" by year ? By all accounts, our growth over the past decade has been at a low of 0.89% per year to a high of 0.97 %

    Country 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
    United States 0.91 0.9 0.89 0.92 0.92 0.92 0.91 0.89 0.88 0.98 0.97 0.96 0.9

    Definition of Population growth rate: The average annual percent change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. The rate may be positive or negative. The growth rate is a factor in determining how great a burden would be imposed on a country by the changing needs of its people for infrastructure (e.g., schools, hospitals, housing, roads), resources (e.g., food, water, electricity), and jobs. Rapid population growth can be seen as threatening by neighboring countries.
    United States - Population growth rate - Historical Data Graphs per Year
    That is all of a 10% variation between high and low for the last decade. That is relatively constant, and it translates to a required jobs growth within a 10% range, such as from 130K per month to 143K per month.

    So easy, most fools can figure it out.

    But not all.

  9. #129
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    May employment report: Economy adds 175K jobs - CBS News



    A modest figure, but one that exceeded expectations by a slight amount. Also important to note is the loss of 14,000 positions at the federal level, reflecting budget cuts, and a sizable decline in manufacturing employment (8k). The full and official report can be found here:

    Employment Situation Summary
    For the record...

    '...the US government spent, a total of $335.9 billion, was the largest May outlay in history, and only the 4th greatest spending month ever.'

    http://www.debatepolitics.com/govern...post1061919478
    Last edited by DA60; 06-13-13 at 06:45 PM.

  10. #130
    #NeverTrump
    a351's Avatar
    Join Date
    Oct 2011
    Location
    Space Coast
    Last Seen
    09-09-17 @ 08:54 AM
    Gender
    Lean
    Centrist
    Posts
    6,902

    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Eighty Deuce View Post
    The only sucker here is you. So just how much has out population growth "fluctuated" by year ? By all accounts, our growth over the past decade has been at a low of 0.89% per year to a high of 0.97 %



    That is all of a 10% variation between high and low for the last decade. That is relatively constant, and it translates to a required jobs growth within a 10% range, such as from 130K per month to 143K per month.

    So easy, most fools can figure it out.

    But not all.
    Right, it's a variable. To assume that a constant jobs figure can be derived from that metric, you would also have to assume that the LFPR lacks elasticity, which it clearly does not. A tenth of a percent change in the LFPR changes the amount of jobs required to prevent a hike in the U3 by 213,000. So much for that 10 percent range..

Page 13 of 16 FirstFirst ... 31112131415 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •