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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 pinqy View Post
    Oh, what, exactly, are the tweaks you''re
    claiming?
    here's the tweak, and not just with jobs but Obama's entire economy.

    Its actually the biggest scandal of the lot.

    It's a lie. A huge rotten lie, and here's why.

    It all goes away tomorrow, if Bernake stops his printing. It is NOT held up with any substantial growth. It's propped up with low interet rates which are being held down with TRILLIONS in new printing

    It's unbeleivable, the corruption nd incompetence thats being ignored by the media and people like you.

    So Bernakes printing is to fight " deflation" ?? WHY, after 4.5 years are we STILL fighting deflation.....

    Why am I asking you ?

    It is unbeleivable what you people are willing to show up on these forums and lie about.

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    Re: May employment report: Economy adds 175K jobs

    The economy cannot supply enough jobs to the additional people looking for work. That is not really a good sign.
    "Give me your tired, your poor, your huddled masses yearning to breathe free."
    "When we live authentically we create an opportunity for others to walk out of their dark prisons of pretend into freedom."

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Anthony60 View Post
    What does it say about a person that uses simple facts to mislead people?
    If facts mislead you from what you want to believe, that says much more about you than me. I cannot tell you how hard I laughed when I read this comment of yours. Apparently, now, using facts is discouraged in conversation. Great.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by pinqy View Post
    It means nothing of the sort. Do you even know what the Labor Force is? Births and immigration would have zero effect on it per se. The Labor Force is Employed plus Unemployed. How you figure births have anything to do with it is beyone me.
    Yes, you are right.

    I was thinking of something else, sorry.


    But how the heck does the labor force growing help the economy if the Labor Force Participation Rate is dropping like a stone over the last few years?

    That just means that more and more people who don't have a job - but want one - are not being counted by the BLS as in the Labor Force.


    Which is ridiculous.

    If you are looking for a job but have given up looking because you cannot find one...you are still unemployed.

    To call it otherwise is nothing but government sleight of hand...like they do with the CPI.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by pinqy View Post
    I said Labor Force, not Labor Force Participation Rate. If you don't understand the difference between Level and Rate, there's no hope for you.

    And your dates are off, by the way....the reference period is the week that contains the 12th, not the last day of the month.


    So like I said, some ups and downs, but mostly up.
    the labor force is the amount of people who are capable of working. labor participation rate is the amount of people who are working or looking for a job

    When you have an increase in the labor force but a decrease in labor participation you have a problem. so it is nothing to be proud of like you seam to be

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by trfjr View Post
    the labor force is the amount of people who are capable of working. labor participation rate is the amount of people who are working or looking for a job
    No, the Labor Force is the number of Employed plus the number of Unemployed. The participation rate is the labor force as a percent of the adult civilian non institutional population

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by pinqy View Post
    See, you make all thes claims, but refuse to back them up. Define "real unemployment." (you won't, of course...or if you try to, you won't defend it methodologically) And since the Labor Force participation rate is a dependent variable, not an independent one, it cannot be manipulated.
    Look. You really do not know what you are talking about, and are in zero position to criticize others here who do.

    Tell us all .... where does one go to find the number of people out there who are no longer counted as part of the Labor Force ? Where is the determination made that X folks who are able to work, but have no job, are now not looking ? Where does one go to verify the number given by the BLS as the LFPR ?

    You are clueless.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by Eighty Deuce View Post
    Look. You really do not know what you are talking about, and are in zero position to criticize others here who do.

    Tell us all .... where does one go to find the number of people out there who are no longer counted as part of the Labor Force ? Where is the determination made that X folks who are able to work, but have no job, are now not looking ? Where does one go to verify the number given by the BLS as the LFPR ?

    You are clueless.
    Well, there's the Census Bureau www.census.gov/CPS who conducts the survey, or BLS who publishes it Current Population Survey (CPS)
    Gallup does their own surveys for the numbers as well.

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    Re: May employment report: Economy adds 175K jobs

    Quote Originally Posted by pinqy View Post
    Well, there's the Census Bureau www.census.gov/CPS who conducts the survey, or BLS who publishes it Current Population Survey (CPS)
    Gallup does their own surveys for the numbers as well.
    Answer: You can't verify it. Government creates the number by making phone calls !!! They control who they call as well.

    Meanwhile, Gallup uses different analysis tools.

    But lastly, we are in uncharted waters. Never have we had a sustained contraction of the LFPR like this. It creates statistical anomalies, such that we have had many months where 2-3 times as many folks quit looking as found jobs, and where those that found jobs was not enough to keep a normal employment condition steady, which is about 140K new jobs per month. This condition makes the U-3 (which is supposed to be 'real unemployment' btw) actually go DOWN, when in fact it should have gone up.

    If the number of folks on food stamps is going up as a percent of total population, then we are getting worse. This entire Obama economy is all smoke and mirrors.

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    Re: May employment report: Economy adds 175K jobs

    The following says it all (from today):

    '“The market has almost become addicted to monetary stimulus,” Erik Davidson, deputy chief investment officer for Wells Fargo Private Bank in San Francisco, said in a phone interview. His firm oversees $170 billion. “Any sense that the monetary stimulus will slow down or stop, and that by no means is the case in Japan, but just on the margin Japan won’t be more aggressive is the reason for the concern.”

    U.S. Stocks Decline as BOJ Leaves Stimulus Unchanged - Bloomberg


    Macroeconomic fundamentals are gone.

    It's all about government stimulus/central bank money 'printing'.

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