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Thread: US economy adds 288,000 jobs in June

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    That didn't take long and you didn't even have to look hard, just use Google and you will find every leftwing site in the world demonizing someone who allowed the American people to keep more of what they earn and there are a lot of people who don't like that? You see, people with more cash don't need liberals and that destroys their power and their base. Guess I can see which group you are in.

    The only taxes Reagan raised were use taxes, if you don't use the services you don't pay the taxes, what a novel idea, how about a flat tax or a consumption tax? No, that won't work because it gives people not bureaucrats power
    He decreased taxes, saw that was stupid, and fixed it.

    If anything, you have made me not think of him as a complete sack of **** but only 99% of it. And that's saying something coming from the Great Country I come from and what he did to it.

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    Re: US economy adds 288,000 jobs in June

    It's the same story with Conservative every month. Butchering of current events, history and the denial of any facts that inconvenience him. What a ****ing trainwreck.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    He decreased taxes, saw that was stupid, and fixed it.

    If anything, you have made me not think of him as a complete sack of **** but only 99% of it. And that's saying something coming from the Great Country I come from and what he did to it.
    Well that is liberal logic, he cut income taxes putting more money into the hands of the consumer and raising use taxes so consumer could choose what to spend their money on, can see how that is a problem with you. Wonder how he won 49 states in 84? Guess there just weren't that mane of "you"voting. Great country that you came from? What country was that? Isn't it great that you can leave any time you want? What is stopping you?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by a351 View Post
    It's the same story with Conservative every month. Butchering of current events, history and the denial of any facts that inconvenience him. What a ****ing trainwreck.
    Right, love how BEA.gov, BLS.gov, and the Treasury got it all wrong

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Right, love how BEA.gov, BLS.gov, and the Treasury got it all wrong
    Yeah, just link the websites and that means you know what you're talking about!

    I'm an astronaut btw : NASA

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by a351 View Post
    Yeah, just link the websites and that means you know what you're talking about!

    I'm an astronaut btw : NASA
    The websites I post give the official data and results from the U.S. Economy. You seem to have a problem with the results because they don't show what you want to believe

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Lord of Planar View Post
    Then on top of that, extrapolating census 2000 and 2010 numbers, the may to June population growth is approximately 243,000.
    Uhh...yeah.

    Anyway....

    ...according to several links I have seen, the average hours worked in a part time job is about 20 hours per week (not official numbers).

    Here is an EU link:

    Eurostat - Tables, Graphs and Maps Interface (TGM) table

    If that is the case here, then that would mean that 523,000 jobs at a minimum of 35 hours per week are being replaced by 799,000 jobs at roughly 20 hours per week.

    523,000 times 35 = 18,305,000

    799,000 times 20 = 15,980,000

    So, this would mean that there were less hours worked each week then the previous month...despite the fact there were more jobs.

    In fact, by my math, you would need 22.9 hours per week per part time job just to equal the number of hours lost due to the demise of 523,000 full time jobs.

    Also, the full time number was a theoretical minimum (based on evey job lost being equal to a maximum of 35 hours per week) that will certainly be much higher in reality.


    So, on the face of it, not only is this jobs report not nearly as good as the headline suggests - it may even be a net regression of total employment hours available to Americans in June over May.
    Last edited by DA60; 07-05-14 at 06:56 PM.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    Uhh...yeah.

    Anyway....

    ...according to several links I have seen, the average hours worked in a part time job is about 20 hours per week (not official numbers).

    Here is an EU link:

    Eurostat - Tables, Graphs and Maps Interface (TGM) table

    If that is the case here, then that would mean that 523,000 jobs at a minimum of 35 hours per week are being replaced by 799,000 jobs at roughly 20 hours per week.

    523,000 times 35 = 18,305,000

    799,000 times 20 = 15,980,000

    So, this would mean that there were less hours worked each week then the previous month...despite the fact there were more jobs.

    In fact, by my math, you would need 22.9 hours per week per part time job just to equal the number of hours lost due to the demise of 523,000 full time jobs.

    Also, the full time number was a theoretical minimum (based on evey job lost being equal to a maximum of 35 hours per week) that will certainly be much higher in reality.


    So, on the face of it, not only is this jobs report not nearly as good as the headline suggests - it may even be a net regression of total employment hours available to Americans in June over May.
    That trend will likely continue forever as technology continues to replace the need for human labor.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by imagep View Post
    That trend will likely continue forever as technology continues to replace the need for human labor.
    so that's what happened to all of the secretaries, bank tellers, receptionists, and stenographers

    how much longer will we have cab drivers, truck drivers, and couriers, once the google driverless vehicle technology becomes proficient

    surprised we still have car salesmen, as if you need someone to point out a car's features ... but then we see states prohibiting direct/internet sales of the tesla, in the ultimately errant belief they can stem that tide which will eliminate such valueless positions

    anyone seen a plan to train our under-skilled to become adequately skilled for future employment opportunities?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by justabubba View Post
    so that's what happened to all of the secretaries, bank tellers, receptionists, and stenographers

    how much longer will we have cab drivers, truck drivers, and couriers, once the google driverless vehicle technology becomes proficient

    surprised we still have car salesmen, as if you need someone to point out a car's features ... but then we see states prohibiting direct/internet sales of the tesla, in the ultimately errant belief they can stem that tide which will eliminate such valueless positions

    anyone seen a plan to train our under-skilled to become adequately skilled for future employment opportunities?
    Not in this ****hole of a country. (USA)

    And that's one of the main reasons we need a revolution/60s-style protests.

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