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

  1. #71
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by CalGun View Post
    Really? Sheer desperation is to point out a survey worker admitted to making up many of his results to fit an agenda?
    Pure conjecture. Also curious is the fact that these discrepancies were not reflected or corrected in the subsequent revisions done by multiple other individuals. His anecdotal claim is just that and nothing more.

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

    I am willing to vote along party lines, for the party that is willing to end our wars on abstractions, and get us into fusion in eight years or less.

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

    Quote Originally Posted by Fenton View Post
    Yes, being honest about our economic situation is "moving the goal post ".
    It is when that's not what you originally said. And, to be honest, I've never associated the word "honest" with you.

    You could change that though. All you have to do is admit you were wrong, which should be easy because we both know you were about SB190.

    Quote Originally Posted by CalGun View Post
    So we had 320k new jobless claims? 192k new jobs. Doesn't that mean a net loss of 118,000 jobs? Yet there seems to be some euphoria among the left? Do they see this as 118k more dependent so that will vote for them or something? I'm just trying to get their euphoric rise out of continually bad news...even if the media ignores it
    It astounds me people still don't understand how the jobs report works. It's simple math:

    Jobs added - jobs lost = Net jobs gained/loss

    After adding all the jobs added and subtracting all the jobs loss, our economy has 192,000 more jobs than we did last month.

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

    Quote Originally Posted by CalGun View Post
    So we had 320k new jobless claims? 192k new jobs. Doesn't that mean a net loss of 118,000 jobs?
    No, it does not. The headline figure from the BLS is in net form. To put it simply if those 320,000 people had just recently lost their positions (Which we do not know for sure, as the potential pool for UI recipients is in the millions) , than roughly 500,000 people found employment in the same month. It's also important to note that the total number of UI recipients has declined in the past year.

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

    oops.

    I am willing to vote along party lines, for the party that is willing to end our wars on abstractions, solve simple poverty, and get us into fusion in eight years or less.

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

    Quote Originally Posted by Conservative View Post
    Yes, they spoke that results don't matter and the entitlement crowd won. If you worked in the private sector and generated Obama results you would be fired, not rehired.
    Hey Conservative, if the queen of England had balls she would be king. Let me remind you, the economy during the Bush administration was a bubble economy. The current bad job picture is due to several factors. Globalization has taken many jobs plus automation has taken more and many employers learned during the Great Bush Recession (GBR) they could manage with less employees, so they ain't hiring them back.


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

    Quote Originally Posted by danielpalos View Post
    I believe we should merely Use socialism to bailout capitalism, like usual; with existing legal and physical infrastructure in our republic.
    i'm not really sure what that would look like. socialism is giving the means of production to the workers. i'm more for properly regulated capitalism, and i think that we could do a better job regulating it.

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

    Quote Originally Posted by Conservative View Post
    Wonder what happened to those shovels for those shovel ready jobs in the Stimulus passed in February 2009. Seems they didn't get to the locations as promised or there wouldn't have been that many jobs lost in 2009. Easier to blame Bush for the job loss vs. explaining the reality that this was another Obama lie.

    Further what people don't want to recognize is that discouraged workers were 700,000 last month and those people although unemployed aren't counted which makes the unemployment rate lower. Obama has had record numbers of discouraged workers making the unemployment rate look better than it really is and that number is reflected in the U-6 reported number of 12.7% as well as the labor participation rate of 63% which still is at record lows.

    All this shows is that the Obama economic policy has been a disaster but far too many don't look inside the numbers. There are still fewer people working today than when the recession began in December 2007 and yet the debt has increased over 6.7 trillion dollars in less than 6 years to generate those numbers.

    Discouraged workers by month
    the stimulus didn't go far enough, though i'm personally grateful for part of it. when i got ****canned in 2009, i was able to afford to COBRA because of the stimulus.

    ideally, any time wall street crashes the economy and everyone gets fired, an automatic WPA type program should kick in, taxes should go up to pay for it, and people could get to work rebuilding our infrastructure. as the economy recovers, the program would phase out automatically, and taxes would go back down. this would have the side benefit of giving wall street an incentive not to boom and bust the economy, because the busts would become a lot more painful.

    had we done this in 2008, the economy would look a lot different today.

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

    Quote Originally Posted by Helix View Post
    i'm not really sure what that would look like. socialism is giving the means of production to the workers. i'm more for properly regulated capitalism, and i think that we could do a better job regulating it.
    That isn't the only thing socialism is about; only the stereotypical version of socialism does that. Using socialism to bailout capitalism could be as simple as correcting for a natural rate of unemployment in any at-will employment State.

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

    Quote Originally Posted by a351 View Post
    Hourly wages have ticked upwards 10 out of the last 12 months. Portraying this month's one cent decline as some sort of a trend is a fools errand.
    I don't know what to tell you, I and apparently the rest of the investing public read this differently than you did.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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