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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%

    Quote Originally Posted by Unitedwestand13 View Post
    is there a point when there is too much gridlock? because i think we have already passed that point since we missed several important deadlines.
    No.

    Look at what they have done without it. Just think how much better off we'd be today had the right thing been done back when FDR started destroying our nations future in the 30's. No where near enough grid lock then or since as it's been nothing more than spend money we don't have ever since.

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

    Quote Originally Posted by Conservative View Post
    When Reagan spent we got over 17 million jobs out of that spending and a booming economy that doubled the GDP. There is good spending and wasteful spending. What have we gotten for the 6.2 trillion debt of Obama's, 195,000 jobs created most of which are part time.
    Reagan grew the US debt by 3 times and that created 17 million jobs (16.8 actually). Brilliant financial planning.. pushing debt on future generations to create short term political points.. Though right wingers were against such things...

    And GDP did not double. It went from around 5.9 trillion to 7.9 trillion inflation adjusted.
    PeteEU

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

    Quote Originally Posted by Mr.Nick View Post
    Unemployment isn't going to move because those caught in the "void" (those booted off unemployment, those who didn't qualify for it and new workers) aren't factored into the unemployment formula....
    Yes, they are. Table A-11 shows 1.2 million unemployed because they finished a temp job (not usually eligible for UI benefits), 1 million people unemployed because they quit (again, no UI), 1.26 million looking for their first job, and 3.3 million re-entering the labor force. Or better yet, Table A-30 which breaks down unemployed with no previous work experience by age. The UE rate comes from a Household Survey, NOT from UI records. As it says in the Technical Note to the Employment Situation: "The unemployment data derived from the household survey in no way depend upon the eligibility for or receipt of unemployment insurance benefits."



    The real unemployment rate is well above 12%.
    Even if you added in everyone who says they want a job, regardless of how long since they actually tried to get one or whether or not they could take a job, that would only take it up to 11.3% So unless you're including people who have jobs as "not really employed" or people who don't want jobs, then I don't know how you're getting over 12%

    Quote Originally Posted by Conservative View Post
    The U-6 rate is 14.3% but we will never know the true unemployment rate as contract employees who lost their job and private business owners who lost their business will never be counted.
    Of course they're counted, why wouldn't they be? Table A-31 shows 517,000 unincorporated self-employed and unpaid family workers (margin of error is huge, though)

    Quote Originally Posted by Captain Adverse View Post
    In my opinion the government figures on unemployment are seriously misleading. First, they claim there are no more than 11 million people they consider unemployed, then dismiss about 7.5 million as "not really trying," "marginally attached," and "disgusted" and Voila! We only have 3.5 million truly unemployed.
    Huh? Marginally Attached and Discouraged are not included in the 11.8 million unemployed, so you can't take them out. I have no idea what "not really trying is." If you're willing, available and trying to work, you're unemployed. If you're not trying to work, you're not. The object is to measure the labor market. People not trying to get a job are not in the labor market.

    Furthermore, the government creates a class of "not seeking work" containing over 80 million people, at least 40 million of which are able to work, old enough, and may actually be seeking work but have not been hired yet.
    No, if they were seeking work, they would be classified as unemployed (assuming they were actually available).

    This class is supposedly based on data garnered from some method of "asking," but they admit they don't ask everyone, and I don't know who they select to ask and how they go about doing it. The Census? A statistical "poll" sampling a few thousand people?
    Monthly sample survey of 60,000 households conducted by the Census Bureau.

    Does this mean the people in this "class" are totally unwilling to seek work; that the next day they didn't go out to seek work? That if the reason for their current inaction disappears (i.e. the primary breadwinner loses his job or gets paid less, or they graduate from school, etc.) they will remain unlikely to seek work?
    It means that for the month in question, they were not trying to work. When/if they start looking, they'll be picked up in the data for the next month.

    I think government unemployment figures are pure propaganda with little relation to the reality of American unemployment.
    But you've admitted you don't know how the data is actually collected and correlated. How can you decide they're wrong, if you don't even know what they do?
    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 sawyerloggingon View Post
    195,000 jobs to this economy is like 195 hairs to the top of my head, too little too late.
    As usual, what's good for America is bad for Conservatives.

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

    Quote Originally Posted by PeteEU View Post
    Reagan grew the US debt by 3 times and that created 17 million jobs (16.8 actually). Brilliant financial planning.. pushing debt on future generations to create short term political points.. Though right wingers were against such things...

    And GDP did not double. It went from around 5.9 trillion to 7.9 trillion inflation adjusted.

    See what I mean, someone who supports Obama who has added 6.2 trillion to the debt concerned about someone who added 1.7 trillion to the debt. and inflation adjusted GDP is irrelevant. We don't pay debt service or collect tax revenue based upon inflation adjusted dollars. Anything to move the goalposts. Amazing how so many Obama supporters demonize Reagan and weren't even old enough to know what the economy was like when Reagan took over. Further these same Obama supporters have no concept of leadership thus will do anything to divert from Obama's record.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    As usual, what's good for America is bad for Conservatives.
    You are so right, 6.2 trillion added to the debt, having two million fewer employed than were employed in December 2007 meaning he never fixed what he was hired to do, having 1.8% GDP growth, and 14.3% U-6 unemployment is good for America?

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

    Quote Originally Posted by Conservative View Post
    See what I mean, someone who supports Obama who has added 6.2 trillion to the debt concerned about someone who added 1.7 trillion to the debt.
    He added 3.3 trillion.. inflation adjusted and yes that matters big time. You cant compare the value of something from 1988 to the value of something in 2013 without compensating for inflation.

    and inflation adjusted GDP is irrelevant. We don't pay debt service or collect tax revenue based upon inflation adjusted dollars.
    LOL so you are seriously saying that a dollar worth in 1987 is the same as in 2012? Typical righters who dont believe in basic science and maths because it does not support their narrative.

    Anything to move the goalposts.
    Only ones moving goalposts is the American right in the continuing attempt to rewrite historical fact in their perfect world image.

    Amazing how so many Obama supporters demonize Reagan
    I certainly was not demonizing Reagan. Since when is facts and figures demonizing Reagan? It is a fact that he tripled the US debt and ran massive deficits year after year and built up the US based on military spending and debt. That is facts.

    and weren't even old enough to know what the economy was like when Reagan took over.
    The economy was ****, yea, but it was in no way as bad as it was when Obama took over from Bush Jr. The facts clearly show that..

    Further these same Obama supporters have no concept of leadership thus will do anything to divert from Obama's record.
    Leadership... While I would never say Obama is some great world leader along the lines of Clinton and Reagan, he is a hella lot better than the guy before him. As for leadership... Reagan was a master of manipulation and he was very good at it, and once his brain went mush, then his wife and his faithful supporters covered nicely up for him. He lead the west against the Soviets, and won eventually after he left office, but it came at a massive cost, a cost that the US is still paying for today since the financial voodoo economics that he promoted to pay for it all... caused ultimately the crisis we are in today.

    Reagan did many good things and couple of very bad things and he is one of the great American presidents, but that does not mean we have to worship him like a god, which many on the American right do. Not to mention you guys love to twist his record to fit your narrative... good thing we have the information to debunk most of that bull****.
    PeteEU

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

    Quote Originally Posted by Conservative View Post
    You are so right, 6.2 trillion added to the debt, having two million fewer employed than were employed in December 2007 meaning he never fixed what he was hired to do, having 1.8% GDP growth, and 14.3% U-6 unemployment is good for America?
    Not only has he never fixed what he was hired to do, he's made things worse at every turn. Higher taxes on everyone, more regulations on business, lawlessness out of the DOJ (very unsettling for business), selective refusal to enforce existing immigration laws (not good for unemployment), and of course the most brain dead act ever signed into law by an American President, Obamacare.

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

    PeteEU;1062038869]He added 3.3 trillion.. inflation adjusted and yes that matters big time. You cant compare the value of something from 1988 to the value of something in 2013 without compensating for inflation.
    No, inflation adjusted doesn't matter but regardless 3.3 trillion or 6.2 trillion is more than 1.7 trillion and the debt service is the fourth largest budget item. When interest rates rise the debt service will be either two or one but that doesn't bother a liberal. Love how people like you always want to divert from the record today. What purpose does it serve?

    LOL so you are seriously saying that a dollar worth in 1987 is the same as in 2012? Typical righters who dont believe in basic science and maths because it does not support their narrative.
    No, for those living in 1987 the dollar then was worth what it was and debt service on the debt was paid in 1987 dollars and people lived on 1987 expenses. Typical leftist who will do anything to change the subject from Obama


    Only ones moving goalposts is the American right in the continuing attempt to rewrite historical fact in their perfect world image.
    It is a historical fact that "your" President has added more debt than any other President in history with deficits averaging well over a trillion dollars a year. It is a historical fact that we are four years after the end of the recession and have 14.3% unemployed/under employed/discouraged workers. It is a historical fact that there are two million fewer people working today than when the recession began and Obama was hired to fix that problem. It is historical fact that the GDP growth is 1.8% annualized for 2013 after first quarter performance. You want historical facts? No, you cannot handle those facts.

    I certainly was not demonizing Reagan. Since when is facts and figures demonizing Reagan? It is a fact that he tripled the US debt and ran massive deficits year after year and built up the US based on military spending and debt. That is facts.
    Your opinion noted, those that lived and worked during that period of time feel differently and feelings matter a lot more than liberal give them credit. Tripling the debt and creating 17 million jobs is hardly a bad economic performance since tripling the debt was 1.7 trillion dollars. Oh what this country would give for 400 billion in deficits a year vs a trillion.

    The economy was ****, yea, but it was in no way as bad as it was when Obama took over from Bush Jr. The facts clearly show that..
    Your opinion noted but the recession of 81-82 was compounded by a misery index of over 20 making it harder on the American people and as badly as you want to ignore that the results are there for all to see and this is the worst recovery from a recession in U.S. history because of bad economic policies and almost zero positive leadership. You cannot prove that the recession Obama inherited was worse than Reagan's because Reagan's leadership brought us out of that recession much quicker due to that excellent leadership



    Leadership... While I would never say Obama is some great world leader along the lines of Clinton and Reagan, he is a hella lot better than the guy before him. As for leadership... Reagan was a master of manipulation and he was very good at it, and once his brain went mush, then his wife and his faithful supporters covered nicely up for him. He lead the west against the Soviets, and won eventually after he left office, but it came at a massive cost, a cost that the US is still paying for today since the financial voodoo economics that he promoted to pay for it all... caused ultimately the crisis we are in today.

    Reagan did many good things and couple of very bad things and he is one of the great American presidents, but that does not mean we have to worship him like a god, which many on the American right do. Not to mention you guys love to twist his record to fit your narrative... good thing we have the information to debunk most of that bull****.
    What you show is the power of the press and buy what the media has told you. Nothing you perceive that Bush did matters today because we are four years into the Obama non recovery and the economic results today are totally Obama's. He lacks basic good leadership skills and a "do as I say, not as I do" attitude. I don't worship any President but I do recognize performance and actual results. That is what matters and further I know that this country was indeed that "shining city on the hill" that was restored to greatness under Reagan and is being destroyed from within now. You have debunked nothing including my opinion of your civics, economic, and historical understanding

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

    Quote Originally Posted by ItAin'tFree View Post
    Not only has he never fixed what he was hired to do, he's made things worse at every turn. Higher taxes on everyone, more regulations on business, lawlessness out of the DOJ (very unsettling for business), selective refusal to enforce existing immigration laws (not good for unemployment), and of course the most brain dead act ever signed into law by an American President, Obamacare.
    Far too many people have that American Idol mentality, he has a great smile, tells them what they want to hear, and with slight of hand destroys incentive. The media created Obama and the minions that support him still buy the media spin. His economic performance is a disaster yet his smile remains what people see and want to believe. Results don't matter to an Obama supporter.

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