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Thread: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%[W:59]

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by Conservative View Post
    It is hard to explain the concept to people like you who have such low economic standards and understanding of incentive including even your own. It really is hard making you and others understand the value of promoting a pro growth economic policy in a country built on the private sector. Govt. spending will only go so far and last so long. How good Americans can support this incompetence and low economic results is beyond comprehension.

    The American leadership is under attack with Obama and it is American leadership that is missing in this so called world economy. You and others want to focus on big business but it is the small local businesses suffering and holding the economy and job creation back.
    Oh, I forgot to mention.

    In addition to only 610,000 total jobs have been created on the past four months...only 5,000 were created in the prime money making segment of 25-54 age range.

    Table A-9. Selected employment indicators

    IMO, there is NO WAY the 'recovery' is sustainable if that trend continues.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by DA60 View Post
    Oh, I forgot to mention.

    In addition to only 610,000 total jobs have been created on the past four months...only 5,000 were created in the prime money making segment of 25-54 age range.

    Table A-9. Selected employment indicators

    IMO, there is NO WAY the 'recovery' is sustainable if that trend continues.
    Yet and notice how we have the same people over and over defending this Administration. It appears that nothing including actual facts and data in context is going to change their minds.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by Conservative View Post
    Yet and notice how we have the same people over and over defending this Administration. It appears that nothing including actual facts and data in context is going to change their minds.
    I fear you are correct.

    I have said it many times; IMO, partisan politics is destroying America.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by DA60 View Post

    I could care less how the economy did from a year ago (unless it points to a recent trend)...and so do most respected economists, IMO. Wall Street does not think 'Gee these numbers are not good...but that does not matter, they were good 9-12 months ago'. Of course not...they go on the latest numbers and on recent trends.
    Wait....did you just equate "Wall Street" stock brokers with economists?

    Let me help you, those on WS that are whining about the latest jobs reports do not care about long term rates of employment increases, they are VERY interested in short term indications. "Respected economists" are VERY interested in long term econ data, and when it comes to increases in employment, we are doing OK, which is much better than other major industrial states that were damaged in the recession, and we are doing this IN SPITE of US conservative hindrance. We have full evidence of what employment gains would be like with austerity, look at either EU employment gains were austerity was put in place...or US state public employment.
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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by DA60 View Post
    Since March, only 610,000 total jobs (full and part time) have been created - or only 152,500 per month...which I am quite sure you know is not even enough to keep up with the population growth.
    I don't know that.
    Population March 2014: 247,258,000
    Population July 2014: 248,023,000
    Change: 0.3%

    Total Employed March 2014: 145,742,000
    Total Employed July 2014: 146,352,000
    Change: 0.4%

    So employed went up by a higher percent than the population. How is that not keeping up with population growth?

    Employed to Population ratio March 2014: 58.9%
    Employed to Population ratio July2014: 59%

    So how are you figuring it wasn't enough to keep up when it clearly did?

    Oh, and PLEASE read up and figure out the difference between jobs and employment. They are not the same and it's painful to see you using them interchangeably. I'd be happy to explain it to you if you would actually listen.
    Therefore, since the world has still/Much good, but much less good than ill,
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    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by Conservative View Post
    Yet and notice how we have the same people over and over defending this Administration. It appears that nothing including actual facts and data in context is going to change their minds.
    Their "motto" defend at all cost. Die on the sword for the almighty
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Oh look...it's that time of the month when pinqy comes out of relative hiding to try and pad his ego by trying to point out minuscule errors people made with his treasured BLS numbers.

    Pathetic, IMO.

    But sometimes I learn something...so here goes...

    Quote Originally Posted by pinqy View Post
    I don't know that.
    Population March 2014: 247,258,000
    Population July 2014: 248,023,000
    Change: 0.3%

    Total Employed March 2014: 145,742,000
    Total Employed July 2014: 146,352,000
    Change: 0.4%

    So employed went up by a higher percent than the population. How is that not keeping up with population growth?

    Employed to Population ratio March 2014: 58.9%
    Employed to Population ratio July2014: 59%

    So how are you figuring it wasn't enough to keep up when it clearly did?
    I was going by the generalized average of what most economists seem to think.

    But if the stats say the jobs kept up (even though only 74,000 of them were full time according to the household survey), then technically, they kept up.

    Thanks.

    Oh, and PLEASE read up and figure out the difference between jobs and employment. They are not the same and it's painful to see you using them interchangeably. I'd be happy to explain it to you if you would actually listen.
    '1job noun \ˈjšb\
    : the work that a person does regularly in order to earn money

    : a duty, task, or function that someone or something has

    : something that requires very great effort


    Job - Definition and More from the Free Merriam-Webster Dictionary



    'Definition of EMPLOYMENT

    1
    : use, purpose
    2
    a : activity in which one engages or is employed <seeking gainful employment>
    b : an instance of such activity
    3
    : the act of employing : the state of being employed <employment of a pen in sketching>'


    Employment - Definition and More from the Free Merriam-Webster Dictionary


    1) if that is not good enough for you, take it up with Merriam-Webster. As for the BLS's definition's...I literally do not give a crap what that pathetic and corrupt organization thinks about that.

    2) Lol...and take a wild guess whether I care much if some (supposedly) ex-BLS bureaucrat is 'pained' by some pathetically anal point of linguistic minutia?
    Last edited by DA60; 08-03-14 at 11:24 AM.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by pinqy View Post
    I don't know that.
    Population March 2014: 247,258,000
    Population July 2014: 248,023,000
    Change: 0.3%

    Total Employed March 2014: 145,742,000
    Total Employed July 2014: 146,352,000
    Change: 0.4%


    So employed went up by a higher percent than the population. How is that not keeping up with population growth?

    Employed to Population ratio March 2014: 58.9%
    Employed to Population ratio July2014: 59%

    So how are you figuring it wasn't enough to keep up when it clearly did?

    Oh, and PLEASE read up and figure out the difference between jobs and employment. They are not the same and it's painful to see you using them interchangeably. I'd be happy to explain it to you if you would actually listen.
    Wait a minute...I just did some quick math.

    The population went up 765,000 between March and July.

    Yet total employment went up only 610,000 between March and July.

    On what planet does 610,000 'keep up' with 765,000?

    That means there are 155,000 more people in the civilian noninstitutional population that are not employed now then there were in March.


    So I was correct, the numbers of new 'jobs' did not keep up with the population growth...thanks for wasting my time.


    Good day.


    Note to self...do not automatically assume pinqy is right about BLS stuff.
    Last edited by DA60; 08-03-14 at 12:28 PM.

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

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    Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%

    Quote Originally Posted by DA60 View Post
    Wait a minute...I just did some quick math.

    The population went up 765,000 between March and July.

    Yet total employment went up only 610,000 between March and July.

    On what planet does 610,000 'keep up' with 765,000?
    On planet Earth, and every other planet in the universe, where "keeping up" means having the same rate of growth, not same change in level.

    If we went by change in level as you propose, that means the total number of unemployed, retirees, full time students, disabled, and everyone else not working would not change at all despite population growth.

    If population goes up 1% and employment goes up 1%, that means they're growing at the same rate and the employment-population ratio stays the same. We do want that a little higher than it is now, but to say we need all increase in population to be an increase in employment? No.
    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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