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Thread: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%



    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Helix View Post
    not a horrible month. i agree that the money printing should stop.
    It would be nicer to see how many people remain unemployed. This figure should include not only those drawing unemployment benefits, but also those on welfare, early retirement, and the homeless.

    Then there is the figure that seems to remain elusive...those people who are no longer eligible for unemployment, but are also not yet drawing any social welfare funds. This would include people who are living off savings while seeking jobs, returned to school using student loans in hopes of qualifying for better jobs, or young people just entering workforce age and looking for their first job.

    Then we can see what effect 195,000 "new" jobs has.

    P.S. How about a breakdown of those "new jobs." Like how many are part-time and how many are "Contract" (i.e. temporary worker status) positions. Important distinctions because most part-time and almost all temporay workers remain ineligible for benefits, and their "jobs" are not very stable.
    Last edited by Captain Adverse; 07-06-13 at 01:24 AM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by pinqy View Post
    Oh? Your second post in this thread stated "the over 1 million people that dropped out of the labor force last month. " Certainly seems to be saying the discouraged are the number that dropped out.

    The discouraged have never been counted in the UE numbers...ever. Before 1967 some of what we know call discouraged could be included in special circumstances at the interviewer's discretion.

    Not by any definition ever used. Unemployed has always meant not working but actively looking for work.

    Why do you consider the discouraged to be unemployed? What about the rest of the Marginally Attached? or the rest of the ?people who want a job but are not classified as unemployed or discouraged or marginally attached?
    Really?

    'Definition: A discouraged worker is an unemployed worker who is not actively seeking employment.'

    Discouraged Worker Definition

    So no one has ever defined discouraged workers as unemployed...interesting.

  4. #114
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by DA60 View Post
    Really?

    'Definition: A discouraged worker is an unemployed worker who is not actively seeking employment.'

    Discouraged Worker Definition

    So no one has ever defined discouraged workers as unemployed...interesting.
    No, I said "ever used." An entry in a glossary is not used for any statistical or economic purposes. What country or official stats have ever used discouraged as part of its definition?

    And Conservative's claim was that discouraged were part of the US definition of unemployed until 1994.
    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. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by pinqy View Post
    The Labor Force increased in June...more people entered the labor force than left.
    Do you call this a good labor report?

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by pinqy View Post
    No, I said "ever used." An entry in a glossary is not used for any statistical or economic purposes. What country or official stats have ever used discouraged as part of its definition?

    And Conservative's claim was that discouraged were part of the US definition of unemployed until 1994.
    If someone defines something a certain way AND then someone uses that definition...then that definition has been used.

    You statement is wrong in that there have been people who have defined discouraged workers as unemployed...and that definition has been used (by me for one, just now).

    You really should learn to avoid using terms like 'ever' or 'never' if you wish to maintain a respectable level of exactitude, IMO.

    Ever and never are VERY long times.

    Just sayin'...
    Last edited by DA60; 07-06-13 at 01:37 AM.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Captain Adverse View Post
    It would be nicer to see how many people remain unemployed. This figure should include not only those drawing unemployment benefits, but also those on welfare, early retirement, and the homeless.

    Then there is the figure that seems to remain elusive...those people who are no longer eligible for unemployment, but are also not yet drawing any social welfare funds. This would include people who are living off savings while seeking jobs, returned to school using student loans in hopes of qualifying for better jobs, or young people just entering workforce age and looking for their first job.

    Then we can see what effect 195,000 "new" jobs has.

    P.S. How about a breakdown of those "new jobs." Like how many are part-time and how many are "Contract" (i.e. temporary worker status) positions. Important distinctions because most part-time and almost all temporay workers remain ineligible for benefits, and their "jobs" are not very stable.
    don't i know it. i was an "independent contractor" for two years at a job i really liked. felt like Pinocchio hoping to be made into a real boy the whole time. of course, it's pretty much true for any new job these days : you're not going to have anywhere near the level of security that your parents had at their jobs, you'll have less ability to negotiate pay, and you might not even have a shot at full time.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Unfortunately in these times we the people are not being told the whole story, but rather being led to what either side wants the narrative to be.

    Anyone with common sense can drive their town, and see businesses closed, boarded up. They see headlines of "49% of Americans on govt. assistance of some sort." They prices rising, groceries, gas, and nearly everything they have to spend money on to live going up in cost, and they hear from their bosses at work speculation that they don't know if their employer will carry health insurance when the mandates fully kick in, or if they'll even have a job because of the parameters included in such trash regulations like that horrible law.

    I don't have to be a statistical genius, or any kind of mathematical whiz to drive around and see strip malls shuttered in entirety, see manufacturing down here idle, see prices of my groceries, my gas, my day to day living all through the roof. I don't have a nickel to spare, and this administration is trying to tell me things are getting better? They can bite my ass.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Slyfox696 View Post
    You really shouldn't waste so much time confusing people with facts. Republicans/conservatives hate facts when said facts have an obvious liberal bias.
    You ought to try and address the actual facts from the Bureau of Labor Statistics. What is it about Obama that creates this kind of loyalty and total lack of understanding as to his economic policies and failures?

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by pinqy View Post
    No, I said "ever used." An entry in a glossary is not used for any statistical or economic purposes. What country or official stats have ever used discouraged as part of its definition?

    And Conservative's claim was that discouraged were part of the US definition of unemployed until 1994.
    BLS data changed during the Clinton administration so rather than continue to word smith posts suggest you focus more on context and the actual results.

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