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Thread: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Tettsuo View Post
    Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump - Bloomberg

    I know, I know... it's only true if it's bad news Obama.

    To those of us that are not abject Obama haters, this is fantastic news!



    That is good news.

    We are almost back to the point when things went into the crapper. That is, on that one, very narrow, measure.

    We still have a long way to go.

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    I am not of the mind that a man is either of science or of religion. At his best and his worst, man exists in the misty glimmering where the falling angel meets the rising ape. That he chooses a direction from that point defines him as human.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Tettsuo View Post
    Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump - Bloomberg

    I know, I know... it's only true if it's bad news Obama.

    To those of us that are not abject Obama haters, this is fantastic news!
    To those of us who know better, we acknowledge that there are those who simply pucker up to his butt regardless of what he does.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by lizzie View Post
    That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.
    I agree. When the way the number is counted doesn't include those that are no longer looking for work, the number can be made to appear as something it isn't.

    It's hardly a success when a record number are on social welfare progams, approximately 1/3 of the country.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Van Basten View Post
    It's a nice number to see, but are the new wave of jobs worth a damn? If most of them are only making a few steps over minimum wage, then yea.....
    If it reflected reality, it would be.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by beefheart View Post
    Yes it is, expect the usual suspects to try to minimize the good news...
    You can't minimize something that isn't accurate. It minimized itself.

    It's not hard to get a number to decline when you don't count those that quit looking for work. If they aren't in the calculation, it's bound to go down. What do we do with them, ignore that they exist? We can't. They're the one that increase the percentage on social welfare programs to the ever increasing record numbers Obama supporters totally ignore.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by upsideguy View Post
    of course, the Keystone pipeline has very little to do with the economy since it creates very, very few jobs. In fact, more jobs would be created by building a Hyatt Hotel than would be created by the Keystone pipeline..... then again, creating more jobs in fossil fuels isn't exactly particularly forward thinking, is it?
    Oh, wait...a job is a job, right?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by BringIt View Post
    Duh! They always cook the books just before an election.

    ---------------------------------------

    To those of us that are not abject Obama lovers, this is a number they never mention!

    How do you like this number from the same Bureau of Labor Statistics ?



    Bureau of Labor Statistics Data

    Data extracted on: October 3, 2014 (9:04:56 AM)

    Labor Force Statistics from the Current Population Survey

    Series Id: LNS11300000
    Seasonally Adjusted
    Series title: (Seas) Labor Force Participation Rate
    Labor force status: Civilian labor force participation rate
    Type of data: Percent or rate
    Age: 16 years and over


    Attachment 67173852
    Interesting thing right before the 2012 election was that a statement was made that no President had ever been reelected if the unemployment rate was over 8%. Magically, the October, 2012 unemployment numbers were 7.9%.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Conservative65 View Post
    Interesting thing right before the 2012 election was that a statement was made that no President had ever been reelected if the unemployment rate was over 8%. Magically, the October, 2012 unemployment numbers were 7.9%.
    These numbers are so easily manipulated that they mean nothing. The people of America know the economy is bad and will reject these made up numbers.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by lifeisshort View Post
    These numbers are so easily manipulated that they mean nothing. The people of America know the economy is bad and will reject these made up numbers.
    If the true unemployment numbers were shown and they included all things where someone that could work wasn't, whether they were looking or not, the percentage would be much higher than it is now and higher than the 8% Obama said it wouldn't go over if the stimulus was passed in 2009 after he was elected. That the numbers don't reflect those that could work but aren't working, therefore, not part of the calculation is beyond me.

    The same people who believe it's 5.9% are the same ones that could be handed a pile of chicken sh*t that had been dressed up with spices, etc. and believe it was chicken salad because the administration told them it was.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    And look at the line...it was dropping slowly until about 2009...and then it starts to plummet.

    Now what event happened in early 2009...hmmmmm?

    This is NOT just people retiring. This is clearly people giving up looking for work as well.

    Plus, of those that did retire, how many did so strictly because they could not find work?


    Btw, I am neither dem or rep.
    Actually, there was a slight decline from 2000 to the beginning of 2004. This is easily explainable by the double whammy of the dot com bust and the economic downturn following 9-11. People always seem to forget to take those events into account when looking at data for the first half of last decade. Starting in 2004, it stabilized for the next four years. It wasn't until the double whammy of the housing bubble burst and BO in office that it started its precipitous decline that continues to this day.

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