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

  1. #11
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Helix View Post
    unfortunately, this is going to continue to happen, because workers have lost almost all of their bargaining power. it's probably going to be a situation of unionize or work two ****ty part time jobs. i know a lot of people who are forced to do this.

    still, i don't believe that this report is only bad news. it could be and has been worse.
    The government is incentivizing businesses to move to a part-time workforce where feasible due to its intrusion into the market...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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

    Quote Originally Posted by CanadaJohn View Post
    I'll be interested, going forward, to see if the White House announcement that they won't implement the Obamacare mandate on business affects small business hiring going forward, at least in the short term. If small business employment spikes, not just by these seasonal numbers, then it would indicate that Obamacare is, indeed, a damper on employment, as many people including myself believe.
    I'm just waiting for the sound of the government cheese trucks firing up. You know it's going to happen soon. 2014 is right around the corner.

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

    Quote Originally Posted by DaveFagan View Post
    Bogus gov't propaganda.
    Feel free to present your own data...backing it up with your methodology, of course.

    There are as many unemployed now as in 2008
    No, there are a lot more unemployed now than in 2008. Average unemployment in 2008 was 8.9 million and current unemployment is about 12.2 million (not seasonally adjusted). Of course, the average in 2009 was 14.3 million, 2010 was 14.8 million, 2011 was 13.7 million, and 2012 was 12.5 million.

    and I think the actual number one side or the other of 27 million.
    And what bizarre definition are you using? 12,248,000 people looking for work, and 7,152,000 people not trying to work but who say they would like one.

    Just change who counts in the total
    There was one minor change in the definition in 1994, but no real changes since 1967. So what are you talking about?
    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
    Feel free to present your own data...backing it up with your methodology, of course.


    No, there are a lot more unemployed now than in 2008. Average unemployment in 2008 was 8.9 million and current unemployment is about 12.2 million (not seasonally adjusted). Of course, the average in 2009 was 14.3 million, 2010 was 14.8 million, 2011 was 13.7 million, and 2012 was 12.5 million.

    And what bizarre definition are you using? 12,248,000 people looking for work, and 7,152,000 people not trying to work but who say they would like one.

    There was one minor change in the definition in 1994, but no real changes since 1967. So what are you talking about?

    Read your own post and see if it supports the gov't numbers. Even you acknowledge unemployment of 20 million. Just keep pushing the unemployed numbers into the not looking for work group and unemployment goes down. Doesn't work for me, but that is the gov't methodology. My money is better than ever because I can buy hamburger or red slime instead of steak and it is considered the same. Bogus gov't numbers in all areas to present the illusion of "Confidence" to support the fiat money. Some very tricky paper. Don't you think?

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

    Quote Originally Posted by AlabamaPaul View Post
    While on the surface the figure appears about average, the number of involuntary part-time workers increased by 322K in June resulting in a net loss of 127K full-time positions that are wanted by those workers...
    Quote Originally Posted by sawyerloggingon View Post
    195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.
    Quote Originally Posted by humbolt View Post
    I have the opposite problem, but the result is the same. The number is just too small to be meaningful except to those who wish to make a hollow political point.
    You can always count on the Republicans/conservatives to hate good news under Obama.

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

    Quote Originally Posted by DaveFagan View Post
    Read your own post and see if it supports the gov't numbers.
    I'm using the government numbers.

    Even you acknowledge unemployment of 20 million.
    No I didn't. I acknowledged unemployment of 12,248,000. Removing normal seasonal fluctuations, it's 11,777,000.

    People not looking for work are not unemployed.

    Just keep pushing the unemployed numbers into the not looking for work group and unemployment goes down.
    How do you think that's done? Are you claiming that people who are actually looking for work are falsely recorded as not looking? What's your evidence?

    My money is better than ever because I can buy hamburger or red slime instead of steak and it is considered the same.
    No it's not. Steak and hamburger are seperate item categories, and that's not in any way how the index is calculated.

    Just because you don't understand the data, doesn't mean the data is wrong.
    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 Slyfox696 View Post
    You can always count on the Republicans/conservatives to hate good news under Obama.
    Good news would be the unchaining of the energy market. 195,000 jobs doesn't count as "good news". It's just better than the grim performance of late.

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

    Housing is picking back up a lot in my area. The lending requirements are slowly creeping down as far as down payments and the red tape in loan processing is flapping in the wind in that processing is at least starting to speed up a little.

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

    Quote Originally Posted by humbolt View Post
    Good news would be the unchaining of the energy market. 195,000 jobs doesn't count as "good news". It's just better than the grim performance of late.
    Keep in mind that an estimated 195,000 jobs are seasonally adjusted. There have been an estimated 422,000 jobs created in June 2013.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by AlabamaPaul View Post
    While on the surface the figure appears about average, the number of involuntary part-time workers increased by 322K in June resulting in a net loss of 127K full-time positions that are wanted by those workers...
    Well spotted.

    Plus the U-6 (which I consider a better overall employment indicator then U-3) jumped from 13.8 to 14.3.

    Table A-15. Alternative measures of labor underutilization

    And manufacturing is down...again.

    Only the housing market and the auto market are growing...but they are both doing so (imo) on the back of artificially low interest rates/government/Fed assistance/stimuli.


    Most reporters/the masses will probably look at the 195K number and say it's a pretty good report.

    But anyone that calls this a good report simply does not know what they are talking about.

    It's not terrible...but it's (IMO) far from good.


    The recent labor reports are showing a trend...the Fed/government directly/indirectly stimulates auto sales/housing/stock markets.

    Job growth is primarily part time, leisure or minimum wage, full time (Walmart-style retail) jobs.

    People are starting to give up looking for full time, well paying jobs and taking part time/lower paying full time jobs (which is why the Participation rate decline has slowed/stopped).

    Just look at the education-level numbers over the last three months:

    Employment Situation Summary Table A. Household data, seasonally adjusted

    The U-3 rate for those 3 categories with a high school diploma or up has either risen or not budged.

    But the 'less then high school diploma' U-3 rate has plunged from 11.6% to 10.7%...in only three months.

    The conclusion is obvious...unskilled job numbers are growing, skilled job numbers are stagnant.

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