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Thread: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Erod View Post
    If one net job is created, and three kids graduate from college, and 10 people were applying for that job.......what have you accomplished?

    Learn an iota about real-world economics, and stop investing in shell-game reports.
    What you're referring to is essentially the unemployment rate. The unemployment rate has dropped from its high of 10.0 in 2010 to its current 6.3.

    http://data.bls.gov/timeseries/LNS14000000

    So, again, you're wrong. And that's real-world economics.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Slyfox696 View Post
    So, it means you were wrong. That's what it means.

    I guess when confronted with being wrong, it's far easier to present red herrings than to simply admit your error.
    Welfare State Explosion: Food Stamps Skyrocket, Disability Hits All-Time High

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Erod View Post
    If one net job is created, and three kids graduate from college, and 10 people were applying for that job.......what have you accomplished?
    Nothing. That obviously isn't what happened though. Those 10 people, if unable to find employment, would be counted as unemployed. Those kids graduating would be counted as unemployed only if they sought employment as well. Here's a good primer for you that might alleviate what appears to be alot of confusion : How the Government Measures Unemployment

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Erod View Post
    If one net job is created, and three kids graduate from college, and 10 people were applying for that job.......what have you accomplished?

    Learn an iota about real-world economics, and stop investing in shell-game reports.
    They will hire foreigner's on a visa for all three positions, and tell the american graduates to look elsewhere try Mcdonalds heard they want a 15 an hour minimum wage.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Slyfox696 View Post
    What you're referring to is essentially the unemployment rate. The unemployment rate has dropped from its high of 10.0 in 2010 to its current 6.3.

    So, again, you're wrong. And that's real-world economics.
    No, the number of people in the workforce has plummeted, which has made the numbers look better. Those people that drop out don't figure into the numbers. And that's oh-so-convenient for you. They don't count anymore.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    So not only do you not understand how the jobs report works, you also don't seem to understand what the term "red herring" means.
    Quote Originally Posted by a351 View Post
    Nothing. That obviously isn't what happened though. Those 10 people, if unable to find employment, would be counted as unemployed. Those kids graduating would be counted as unemployed only if they sought employment as well. Here's a good primer for you: How the Government Measures Unemployment
    You shouldn't bother people with things like facts. It's so much easier for them to make up **** and pretend it's true.
    Quote Originally Posted by Erod View Post
    No, the number of people in the workforce has plummeted, which has made the numbers look better. Those people that drop out don't figure into the numbers. And that's oh-so-convenient for you. They don't count anymore.
    As I've already shown in this thread, you are wrong.

    http://data.bls.gov/timeseries/LNS11000000

    There are more people working now than when the recession started. It's just a fact.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by a351 View Post
    Nothing. That obviously isn't what happened though. Those 10 people, if unable to find employment, would be counted as unemployed. Those kids graduating would be counted as unemployed only if they sought employment as well. Here's a good primer for you: How the Government Measures Unemployment
    No, three of those 10 applicants drop out of the workforce, and now you can claim that only seven people are unemployed. That constitutes improvement for your ilk.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Slyfox696 View Post
    So not only do you not understand how the jobs report works, you also don't seem to understand what the term "red herring" means.
    You shouldn't bother people with things like facts. It's so much easier for them to make up **** and pretend it's true.
    LOL, whatever.

    My work is done here. That was fun.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Erod View Post
    LOL, whatever.

    My work is done here. That was fun.
    Yes, if I was constantly being proven to not have any idea what I was talking about and constantly being proven wrong with actual statistics, I'd want to leave also. Have a good day, and I hope the next time you discuss this topic you remember what I and others have taught you.

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by votemout View Post
    shrinkage is real the 8.8 million jobs created is . Besides they are not the good quality jobs we had at one time.
    Wages have been flat since the 1970s.

    There is no way for any politician to "create good jobs" other than designing a stimulus targeted for high-wage jobs. Corporations aren't going to hire programmers or accountants or engineers they don't need because of a tax break.

    Also keep in mind that the "service sector" includes lots of white-collar high wage jobs -- lawyers, accountants, doctors, designers, architects, engineers, teachers and so on. Lots of good jobs are available when we transition away from a manufacturing economy to a service economy.

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