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

  1. #111
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post
    It does seem that BLS disagrees with you as discouraged workers are indeed unemployed and looking for work.
    Nope. You're misunderstanding. Unemployed is defined as did not work during the reference week, wants to work, could have started work during the reference week and actively looked for work something in the four weeks ending with the reference week (the reference week is the week before the survey).
    Discouraged is defined as did not work during the reference week, wants to work, could have started work during the reference week and actively looked for work sometime in the last 12 months but not the last 4 weeks and stopped looking because they did not believe they would be successful.
    So, no, they stopped looking for work.


    How convenient to not have them counted in the official numbers.
    were you complaining about this when Bush was President? I was explaining back then how discouraged were not unemployed

    And it's not a matter of convenience, it's a matter of accuracy. Someone stopped looking for work in June 2013 and hasn't started again. What does that tell you about the job market in March 2014? At most it tells you, assuming the person is honest and not just making excuses, that the person believeshe won't find work. But it does not tell us about the actual labor market.

    Labor Force Characteristics (CPS)
    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 pinqy View Post
    It is when the most recent employment/unemployment stats are for March 2014.
    So you will ignore the long term trend as well as the increase in food stamps? Are you looking for the truth or going into a defensive mode for BHO?

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

    Quote Originally Posted by pinqy View Post
    Nope. You're misunderstanding. Unemployed is defined as did not work during the reference week, wants to work, could have started work during the reference week and actively looked for work something in the four weeks ending with the reference week (the reference week is the week before the survey).
    Discouraged is defined as did not work during the reference week, wants to work, could have started work during the reference week and actively looked for work sometime in the last 12 months but not the last 4 weeks and stopped looking because they did not believe they would be successful.
    So, no, they stopped looking for work.


    were you complaining about this when Bush was President? I was explaining back then how discouraged were not unemployed

    And it's not a matter of convenience, it's a matter of accuracy. Someone stopped looking for work in June 2013 and hasn't started again. What does that tell you about the job market in March 2014? At most it tells you, assuming the person is honest and not just making excuses, that the person believeshe won't find work. But it does not tell us about the actual labor market.

    Labor Force Characteristics (CPS)
    It doesn't make any difference who is President, discouraged workers are people who want to work but are so discouraged that they don't believe any jobs are available and thus should be counted as unemployed in the official numbers. If those were added during the Bush term the unemployment rate would still have been much better than Obama and we wouldn't have another 6.7 trillion added to the debt.

    I understand completely the definition and know that discourage workers are not counted in the official numbers, they should be. The more discouraged workers the better the rate is going to be and that is why Obama's numbers indicate a President with disastrous economic policies. I posted the discouraged workers by month. Want to compare averages? Interesting how those shovels never reached their destination in enough numbers to get people back into the labor force

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

    Not sure what people are arguing about. the fact is the job report is neutral there is nothing to celebrate and there is nothing to say is bad. except for the fact that it remained the same.

    stagnation at it's finest which has been the sum up of the entire obama administration.

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

    Quote Originally Posted by jmotivator View Post
    Wages dropped, indicating these are primarily low wage and part time jobs. It's like the economy is settling into 6.7% unemployment.
    Which only goes to show you a few things about corporate America. Just give corporate those tax cuts and you can rely on them to give you jobs and make this country strong. Balderdash! I don't care who is in the White House either; it's still corporate America that is responsible for creating jobs in the private sector, and so far they stink at it--especially in a market that shows unprecedented profits.

    I say lets up those income taxes on the rich and make it international law that institutions abroad send out 1099s to the IRS if an American citizen has money off shore. There's nothing wrong with this idea because the rich use it to protect themselves from people pirating movies, so why can't this same system be used to make the playing field more fair on taxes?
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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

    Quote Originally Posted by Bob N View Post
    Which only goes to show you a few things about corporate America. Just give corporate those tax cuts and you can rely on them to give you jobs and make this country strong. Balderdash! I don't care who is in the White House either; it's still corporate America that is responsible for creating jobs in the private sector, and so far they stink at it--especially in a market that shows unprecedented profits.

    I say lets up those income taxes on the rich and make it international law that institutions abroad send out 1099s to the IRS if an American citizen has money off shore. There's nothing wrong with this idea because the rich use it to protect themselves from people pirating movies, so why can't this same system be used to make the playing field more fair on taxes?

    Wow, you continue to buy into the liberal rhetoric, do you realize how many jobs are actually outsourced offshore? It really is insignificant and not the problem we have in this country. The problem we have is Obama and his anti business economic policies and attempts at wealth redistribution. It is always easy to blame major corporations for the high unemployment but the problem rests with the small businesses and anti growth policies of this Administration. Obama is trying to implement equal outcome and not just equal opportunity. ACA is a job killer, higher taxes are job killers, more regulations like those EPA regulations hurting the coal and rest of the energy industry are job killers. So address the real problems and not try to put lipstick on a pig. Offshoring is going to be done when economic growth in this country is stagnant and other countries promote strong pro growth policies. Companies have to grow and will outside this country as long as Obama and liberal policies promote equal outcome vs equal opportunity

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

    Quote Originally Posted by fmw View Post
    One would assume that, if the unemployment rate is unchanged that the economy lost about 192000 jobs as well?
    No, 192,000 jobs is a net number.... if unemployment is unchanged, than the new jobs matched the new workers (our population is growing; people move in and out of the job market)...

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

    Quote Originally Posted by upsideguy View Post
    No, 192,000 jobs is a net number.... if unemployment is unchanged, than the new jobs matched the new workers (our population is growing; people move in and out of the job market)...

    Labor Force Statistics from the Current Population Survey
    Original Data Value

    Series Id: LNS13000000
    Seasonally Adjusted
    Series title: (Seas) Unemployment Level
    Labor force status: Unemployed
    Type of data: Number in thousands
    Age: 16 years and over
    Years: 2000 to 2010
    Unemployed
    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
    2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
    2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
    2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
    2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
    2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
    2006 7059 7185 7075 7122 6977 6998 7154 7097 6853 6728 6883 6784
    2007 7085 6898 6725 6845 6765 6966 7113 7096 7200 7273 7284 7696
    2008 7678 7491 7816 7631 8395 8578 8950 9450 9501 10083 10544 11299
    2009 12049 12860 13389 13796 14505 14727 14646 14861 15012 15421 15227 15124
    2010 14953 15039 15128 15221 14876 14517 14609 14735 14574 14636 15104 14393
    2011 13919 13751 13628 13792 13892 14024 13908 13920 13897 13759 13323 13097
    2012 12748 12806 12686 12518 12695 12701 12745 12483 12082 12248 12042 12206
    2013 12332 12032 11742 11659 11760 11777 11514 11316 11255 11272 10907 10351
    2014 10236 10459 10486
    Labor Force 2009 154185 154424 154100 154453 154805 154754 154457 154362 153940 154022 153795 153172
    Labor Force 2011 153250 153302 153392 153420 153700 153409 153358 153674 154004 154057 153937 153887
    Labor Force 2012 154395 154871 154707 154365 155007 155163 155013 154645 155053 155641 155319 155511
    Labor Force 2013 155654 155524 155028 155238 155658 155835 155798 155486 155559 154839 155294 154937
    Labor Force 2014 154460 155724 156227
    Unemployment 10486 divided by labor force 156227= 6.71%

    500,000 re-entered the labor force hoping to find a job thus the 192.000 job creation wasn't enough to compensate for those 500,000 increase in labor force to drop the unemployment rate. Actual number of unemployed actually ticked up a couple thousand.

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

    Quote Originally Posted by Conservative View Post
    Wow, you continue to buy into the liberal rhetoric, do you realize how many jobs are actually outsourced offshore? It really is insignificant and not the problem we have in this country. The problem we have is Obama and his anti business economic policies and attempts at wealth redistribution. It is always easy to blame major corporations for the high unemployment but the problem rests with the small businesses and anti growth policies of this Administration. Obama is trying to implement equal outcome and not just equal opportunity. ACA is a job killer, higher taxes are job killers, more regulations like those EPA regulations hurting the coal and rest of the energy industry are job killers. So address the real problems and not try to put lipstick on a pig. Offshoring is going to be done when economic growth in this country is stagnant and other countries promote strong pro growth policies. Companies have to grow and will outside this country as long as Obama and liberal policies promote equal outcome vs equal opportunity
    Yeah. You tell me how Obama is hurting these businesses making record profits. In my opinion, I would tell Obama to keep more of what you just told me coming. Like I said earlier: i don't care who is sitting in the White House. From my link:

    ...What gives?

    How are companies managing to earn so much money in a sluggish economy? And why aren't their profits goosing the economy?

    For starters, weak job growth has held down pay. And since the recession struck six years ago, businesses have been relentless in cutting costs. They've also stockpiled cash rather than build new products or lines of business. And they've been earning larger chunks of their profits overseas...
    Get that? Those companies aren't paying anything; they're slashing costs and that would include pay! The President does not control their payroll.

    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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

    Quote Originally Posted by Bob N View Post
    Yeah. You tell me how Obama is hurting these businesses making record profits. In my opinion, I would tell Obama to keep more of what you just told me coming. Like I said earlier: i don't care who is sitting in the White House. From my link:



    Get that? Those companies aren't paying anything; they're slashing costs and that would include pay! The President does not control their payroll.

    Simple, you are focusing on publicly traded corporations not the engine that drives our economy and employment, small businesses. It is easy to focus on big business as it is easy for liberals to attack them but it isn't big business that is getting hurt, it is the small businesses that ACA and regulations that are hurting. It is the small businesses that aren't hiring and are cutting hours leading to the millions who are long term part time employees looking for full time jobs.

    Oh. by the way it isn't businesses role to provide people with a job but it is the businesses role to grow and in doing so will be forced to hire people. There is a reason that McDonald's in North Dakota are paying their workers $16 an hour. Maybe you can figure it out

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