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Thread: May employment report: Economy adds 175K jobs

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by DA60 View Post
    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?
    I don't believe I said that.

    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: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Boo Radley View Post
    I don't believe I said that.
    I didn't say you did, I was asking a question.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by DA60 View Post
    I didn't say you did, I was asking a question.
    I don't think so, no. But sometimes there are levels of good. Having more people drop out and still have the unemployment rate grow would certainly be worse yet

    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: May employment report: Economy adds 175K jobs

    Quote Originally Posted by a351 View Post
    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..
    That has already been addressed. You are choosing to remain ignorant on this topic. I can only assume its to pretend that Obama hasn't failed miserably.

    Its real simple, if the US does not create 130-145K new jobs every month to absorb immigrants and folks reaching an age old enough to work, irrelevant of other changes in the LFPR, then we will have a larger percent of folks not working than the month before.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Eighty Deuce View Post
    That has already been addressed. You are choosing to remain ignorant on this topic. I can only assume its to pretend that Obama hasn't failed miserably.

    Its real simple, if the US does not create 130-145K new jobs every month to absorb immigrants and folks reaching an age old enough to work, irrelevant of other changes in the LFPR, then we will have a larger percent of folks not working than the month before.
    Does the president create jobs? We have to grow government a lot if you want the president hiring people. I think you over rate how much a president can do.

    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: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Boo Radley View Post
    Does the president create jobs? We have to grow government a lot if you want the president hiring people. I think you over rate how much a president can do.
    Boo, just how dumb can a post get ? Obama proposed his jobs bill, did he not ?

    "Pass this jobs bill now." Did you forget ?

    So he proposes high-spending jobs bills, which won't be passed, which can't create jobs (as you note), but now he blames Congress because his "jobs" bill didn't pass !!!!

    So who over-rated whom .............. "Pass this jobs bill now" !!

    Fact is, Obama's policies are all BS. He has stifled job growth ! You better believe that dumb government can do that !!! And Obama has doneit !!!!

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Boo Radley View Post
    Does the president create jobs? We have to grow government a lot if you want the president hiring people. I think you over rate how much a president can do.
    So then all that rhetoric Obama was spouting during the campaign about the millions of jobs he created was BS right?

    All that nonsensical gibberish that his Stimulus would create shovel ready jobs was exactly that. Shovel ready BS.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Eighty Deuce View Post
    Boo, just how dumb can a post get ? Obama proposed his jobs bill, did he not ?

    "Pass this jobs bill now." Did you forget ?

    So he proposes high-spending jobs bills, which won't be passed, which can't create jobs (as you note), but now he blames Congress because his "jobs" bill didn't pass !!!!

    So who over-rated whom .............. "Pass this jobs bill now" !!

    Fact is, Obama's policies are all BS. He has stifled job growth ! You better believe that dumb government can do that !!! And Obama has doneit !!!!
    And that has what to do with I said?

    Because you buy the hype of presidents don't mean they actually control the economy. At best they can do minor things that help or hinder, but largely nothing that can make a major difference. They manipulate voters by hoping to get lucky and take credit for what wasn't their doing or be able to blame others when it didn't fix itself.

    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: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Bronson View Post
    So then all that rhetoric Obama was spouting during the campaign about the millions of jobs he created was BS right?

    All that nonsensical gibberish that his Stimulus would create shovel ready jobs was exactly that. Shovel ready BS.
    Of course, just as was for Bush and every other president before him. All government can do, is spend money to hire people. That would be shovel ready propositions. It helps stop the bleeding, but it is not the answer in the long run. in the long run they need factors outside government control to start working. It's a fiction that you can fix our economy based on who is elected.

    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: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Slyfox696 View Post
    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.
    Keep dreamin'.

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