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Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Was watching some of the Saturday morning financial programs summing up the past week.

    The general consensus pretty much was:

    192,000 jobs was well before the hoped for number and below expectations, and indicates that we are still in a very sluggish economy.

    The unemployment rate, the way they figure it these days, did hold steady but nevertheless the number of Americans who are not working continues to tick upward. The unemployment rate PLUS the number of people actually gainfully employed is the realistic barometer of economic recovery. As it is, the unemployment rate is pretty much a flagrant lie.

    Also the unemployment rate and the statistics on how many jobs are created does not reflect reductions in hours, earnings, and benefits as underemployment is fast becoming the new normal.

    I personally have been out of the loop for almost a year now, but still know enough people who want to work or want better jobs to believe things aren't at all all hunky dory rosy out there.
    "I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it." --Benjamin Franklin 1776

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by CalGun View Post
    Can you show me where in your stats it shows over 500,000 jobs created? I'd like to see that!
    The reported number was 192,000. What happened though was 500,000 re-entered the workforce after either being discouraged or totally out of the labor force for whatever reason. That increased the number eligible for work thus causing the 192000 to not affect the U-3 unemployment rate. Had those people dropped out of the labor force the unemployment rate would have dropped with the 192000 jobs supposedly created.

    What the left wants to ignore is that there are a lot of part time workers in that number and the real unemployment rate is 12.7% which included the 8 million part time workers who want full time jobs but are unable to find one, the discouraged workers along with the unemployed. The left loves playing with the numbers just like they are doing with ACA numbers.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by AlbqOwl View Post
    The unemployment rate, the way they figure it these days, did hold steady but nevertheless the number of Americans who are not working continues to tick upward.
    You seem to be implying that there's been a change in how the rate is calculated. What do you think has changed? But you're wrong...the number of people in the U.S. not working (not counting children under 16, or people in prison or an institution) went down by 304,000 (unemployed went up 27k, not in the Labor Force went down 331k)

    The unemployment rate PLUS the number of people actually gainfully employed is the realistic barometer of economic recovery.
    ummm, how does that work? A rate plus a level? You'll have to show those numbers.

    As it is, the unemployment rate is pretty much a flagrant lie.
    I'm not convinced you understand what the rate means

    Also the unemployment rate and the statistics on how many jobs are created does not reflect reductions in hours, earnings, and benefits as underemployment is fast becoming the new normal.
    How could they reflect those? And hours went up, hourly earnings went down 1 cent, but weekly earnings went up.
    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: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by AlbqOwl View Post
    Was watching some of the Saturday morning financial programs summing up the past week.

    The general consensus pretty much was:

    192,000 jobs was well before the hoped for number and below expectations, and indicates that we are still in a very sluggish economy.

    The unemployment rate, the way they figure it these days, did hold steady but nevertheless the number of Americans who are not working continues to tick upward. The unemployment rate PLUS the number of people actually gainfully employed is the realistic barometer of economic recovery. As it is, the unemployment rate is pretty much a flagrant lie.

    Also the unemployment rate and the statistics on how many jobs are created does not reflect reductions in hours, earnings, and benefits as underemployment is fast becoming the new normal.

    I personally have been out of the loop for almost a year now, but still know enough people who want to work or want better jobs to believe things aren't at all all hunky dory rosy out there.
    A better reflection on how the economy is doing might be the average family income. With more spending going in government that money usually comes from the middle class because they have less protection against the IRS, the politician and the bureaucrats. The rich and the poor will both be much the same.

    http://usatoday30.usatoday.com/news/...ome/50383882/1

    https://www.shtfplan.com/headline-ne...years_10202011

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Grant View Post
    A better reflection on how the economy is doing might be the average family income.
    While certainly useful, you can't get those numbers as timely. The most recent data I can find for household income is from 2012.
    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: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Your Star View Post
    Don't know why anyone would rage; more jobs is a good thing.
    It's not enough to outpace population workforce increases.
    Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H.L Mencken

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by austrianecon View Post
    It's not enough to outpace population workforce increases.
    Since the employment-population ratio went up, then obviously it was enough.
    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: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by austrianecon View Post
    It's not enough to outpace population workforce increases.
    Here is what the liberals want to ignore and want the public to forget

    Employment numbers

    Labor Force Statistics from the Current Population Survey
    Original Data Value

    Series Id: LNS12000000
    Seasonally Adjusted
    Series title: (Seas) Employment Level
    Labor force status: Employed
    Type of data: Number in thousands
    Age: 16 years and over
    Years: 1980 to 2013

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

    2006 143150 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
    2007 146028 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
    2008 146378 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
    2009 142153 141644 140721 140652 140250 140005 139898 139481 138810 138421 138665 138025
    2010 138439 138624 138767 139296 139255 139148 139167 139405 139388 139097 139046 139295
    2011 139253 139471 139643 139606 139681 139405 139509 139870 140164 140314 140771 140896
    2012 141608 142019 142020 141934 142302 142448 142250 142164 142974 143328 143277 143305
    2013 143322 143492 143286 143579 143898 144058 144285 144170 144303 143568 144386 144586
    2014 144586 145266 145742
    Last edited by Conservative; 04-05-14 at 08:50 PM.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post



    What the left wants to ignore is that there are a lot of part time workers in that number and the real unemployment rate is 12.7% which included the 8 million part time workers who want full time jobs but are unable to find one, the discouraged workers along with the unemployed. The left loves playing with the numbers just like they are doing with ACA numbers.


    Ermm...how would including the underemployed make a "real unemployment rate"? Want a full-time job or not, they are still employed so that'd be doctoring the numbers (so to speak).

    It is pretty well know the unemployment rate doesn't include the discouraged. I could see adding that plus the unemployed (actively looking) to create a more realistic rate, especially with how the economy went.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by coyotedelmar View Post
    Ermm...how would including the underemployed make a "real unemployment rate"? Want a full-time job or not, they are still employed so that'd be doctoring the numbers (so to speak).

    It is pretty well know the unemployment rate doesn't include the discouraged. I could see adding that plus the unemployed (actively looking) to create a more realistic rate, especially with how the economy went.
    You do realize that's already done, right? And while the official rate, the U-3, stayed the same, the U-4, which adds discouraged, dropped from 7.2%
    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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