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Thread: U.S. economy adds just 74,000 jobs in December

  1. #81
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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by code1211 View Post
    So you're good with the situation as it is and looking forward to more of the same?

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by a351 View Post
    However you slice it, the U3 figure is the official measure of unemployment, and the effective unemployment rate is nowhere near 20%.
    Yes ... like you could keep your doctor and your plan ... whether they exist or not is just trivial semantic wordplay.

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    Re: U.S. economy adds just 74,000 jobs in December

    Bottom line is jobs growth is not keeping up with population growth. The numbers are dwindling because because less people are reporting that they are looking for work, as they are not required to when unemployment compensations are terminated.

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by bubbabgone View Post
    Yes ... like you could keep your doctor and your plan
    Irrelevant to the topic.

    whether they exist or not is just trivial semantic wordplay.
    We know the U3 exists, and we know that it's the official measure of unemployment. We also know that no measure of un- or underemployment puts the number anywhere close to 20%.

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by a351 View Post
    Except it hasn't been The number of jobs created since the end of 2009 has dwarfed discouraged workers.
    Nope ... the U4 has consistently been higher for the last 3 years or so ... couldn't happen unless there were more of them than jobs created.

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by a351 View Post
    Irrelevant to the topic.



    We know the U3 exists, and we know that it's the official measure of unemployment. We also know that no measure of un- or underemployment puts the number anywhere close to 20%.

    As you know, the point was the facility with which politicians and their supporters play with numbers and words.

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by bubbabgone View Post
    Nope ... the U4 has consistently been higher for the last 3 years or so ... couldn't happen unless there were more of them than jobs created.
    Umm.. No. The U4 is calculated by adding together those that are categorically unemployed and those who have dropped out of the labor market due to discouraging job prospects. It has also declined from a high of 10.5 percent in late 2009 to its current level of 7.2 percent.

    Meanwhile the number of discouraged workers has declined by over 300 thousand since the end of 2009, while jobs have increased by 6.5 million, blowing a nice size hole in your previous claim.

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by a351 View Post
    Umm..
    No. The U4 is calculated by adding together those that are categorically unemployed and those who have dropped out of the labor market due to discouraging job prospects.
    It has also declined from a high of 10.5 percent in late 2009 to its current level of 7.2 percent.

    Meanwhile the number of discouraged workers has declined by over 300 thousand since the end of 2009, while jobs have increased by 6.5 million, blowing a nice size hole in your previous claim.
    That makes what I said true ... thank you.

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by Helix View Post
    you guys know the drill. the economy is (awesome!) (horrible!), and it is the (accomplishment) (failure) of (___________.)
    The economy is ****....

    Furthermore I don't understand what "adds jobs" means... Are those created jobs, filled jobs, potential jobs???

    I can tell you right now that 3/4ths of the retail spaces at my local strip mall are vacant.

    I can tell you right now that the majority of "businesses" that made it thus far are the corporations such as McDonalds, Walmart, Sears etc.... Hardly any small businesses exist anymore.

    Of course Obama and the rest of the progressives expect everyone to just ignore that and believe what the paper tells us...

    This economy is down right horrible..... As far as I'm concerned Obama and his administration are economic terrorists and narcissistic assholes.

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    Re: U.S. economy adds just 74,000 jobs in December

    Quote Originally Posted by bubbabgone View Post
    That makes what I said true ... thank you.
    Erm.. LOL? Your claim that those who have become discouraged outnumber those who have found employment by a 3 to 1 margin is plainly wrong. You also seem to have a fundamental misunderstanding of exactly what these figures represent.

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