Page 50 of 57 FirstFirst ... 404849505152 ... LastLast
Results 491 to 500 of 565

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

  1. #491
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:52 AM
    Gender
    Lean
    Independent
    Posts
    16,257

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

    Quote Originally Posted by Fenton View Post
    California has debt issues above and beyond unfunded liabilities.

    Chasing away their tax base and Bussinesses is only going to these issues worse.
    Why did the articles you presented abuse actuarial figures? Political scare tactics?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #492
    Pontificator
    iliveonramen's Avatar
    Join Date
    Sep 2011
    Location
    On a Gravy Train with Biscuit Wheels
    Last Seen
    Yesterday @ 07:43 PM
    Gender
    Lean
    Very Liberal
    Posts
    9,199

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

    Quote Originally Posted by Fenton View Post
    California has debt issues above and beyond unfunded liabilities.

    Chasing away their tax base and Bussinesses is only going to these issues worse.
    Last year job growth was up by 2.8%. California accounts for 12 percent of the population but experienced 17.5% of the nations job growth. It seems like the exodus of jobs and businesses from California is "common knowledge" by some people on this site but it sure isn't reflected in California job or economic numbers.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  3. #493
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Yesterday @ 11:25 PM
    Gender
    Lean
    Conservative
    Posts
    26,304

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

    Quote Originally Posted by Kushinator View Post
    All three sources used unfunded future values as a means to scare the uninformed. You have already been given a clear and cut example why it is erroneous to do so.

    Assuming a geometric average inflation rate of 2.5% (which is more conservative than needs be) gives $181 trillion in future unfunded liabilities a PV of about $24 trillion. Or an additional cost of $990 billion a year, for 80 years, in terms of 2014 dollars.

    Not so scary after all!


    I never said it was scary.

    Just that it was a substantial issue given California's habit of chasing away their tax base and wealth creation.

    And California has been #1 on the list for States with the Highest Total debt.

    So they're hardly " swimming in dough " as the previous poster mentioned.

    Ignoring their debt issues is one thing, but tackling their debt via Liberal narratives put into action is just stupid.

  4. #494
    Banned
    Join Date
    Aug 2014
    Last Seen
    10-30-14 @ 08:19 AM
    Gender
    Lean
    Undisclosed
    Posts
    202

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

    The 5.9 percent unemployment rate comes from the Household Survey that Labor hires Census to conduct. There are big concerns about the truthfulness of the jobless rate, especially since this is the last report before the November congressional elections.
    For instance, in September the rate fell to 5.9 percent mainly because 315,000 more people told Census they stopped looking for a job.
    In fact, about a third of the recent decline in the unemployment rate can be attributed to a decline in the so-called Labor Participation Rate, which is now at a 36-year low. Ninety-six million Americans no longer consider themselves in the labor force.
    Some think there is a logical explanation for this: baby boomers who are leaving the workforce because they simply don’t want to work anymore. But the data doesn’t bear that out.
    There were 230,000 more workers aged 50 or older in the Household Survey released Friday. So how did the workforce decline by 315,000 people, if aging baby boomers were increasingly looking for jobs?
    It’s either a miracle or someone’s pulling our leg

  5. #495
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Yesterday @ 11:25 PM
    Gender
    Lean
    Conservative
    Posts
    26,304

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

    Quote Originally Posted by iliveonramen View Post
    Last year job growth was up by 2.8%. California accounts for 12 percent of the population but experienced 17.5% of the nations job growth. It seems like the exodus of jobs and businesses from California is "common knowledge" by some people on this site but it sure isn't reflected in California job or economic numbers.

    Good, maybe they can pay back that 9 Billion dollar loan they took out from the Federal government for Unemployment benefits.

    Federal Unemployment benefit extensions to the other 49 States added up to 7 Billion.

    It makes sense because California has the Highest poverty rate in the Country.

  6. #496
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 10:57 PM
    Gender
    Lean
    Independent
    Posts
    23,584

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

    Quote Originally Posted by iliveonramen View Post
    Last year job growth was up by 2.8%. California accounts for 12 percent of the population but experienced 17.5% of the nations job growth. It seems like the exodus of jobs and businesses from California is "common knowledge" by some people on this site but it sure isn't reflected in California job or economic numbers.
    Anytime that real life metrics disprove a conservatives point, they will argue that "Obama is cooking the books - the REAL unemployment rate for California is 97%."
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  7. #497
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 10:57 PM
    Gender
    Lean
    Independent
    Posts
    23,584

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

    Quote Originally Posted by Simon Feltser View Post
    ...
    For instance, in September the rate fell to 5.9 percent mainly because 315,000 more people told Census they stopped looking for a job....
    Where is that number coming from? I've seen several posters citing it, but I didn't see it in the report. Do you have a source?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  8. #498
    Pontificator
    iliveonramen's Avatar
    Join Date
    Sep 2011
    Location
    On a Gravy Train with Biscuit Wheels
    Last Seen
    Yesterday @ 07:43 PM
    Gender
    Lean
    Very Liberal
    Posts
    9,199

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

    Quote Originally Posted by Fenton View Post
    Good, maybe they can pay back that 9 Billion dollar loan they took out from the Federal government for Unemployment benefits.

    Federal Unemployment benefit extensions to the other 49 States added up to 7 Billion.

    It makes sense because California has the Highest poverty rate in the Country.
    Wow...you just throw out everything you can and wait to see what sticks don't you?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  9. #499
    Guru
    pinqy's Avatar
    Join Date
    Dec 2012
    Location
    Northern Virginia
    Last Seen
    Today @ 12:40 AM
    Gender
    Lean
    Centrist
    Posts
    4,369

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

    Quote Originally Posted by Simon Feltser View Post
    The 5.9 percent unemployment rate comes from the Household Survey that Labor hires Census to conduct. There are big concerns about the truthfulness of the jobless rate, especially since this is the last report before the November congressional elections.
    For instance, in September the rate fell to 5.9 percent mainly because 315,000 more people told Census they stopped looking for a job.
    Not quite. While the number of those Not in the Labor Force increased by 315,000, the Labor Force decreased by only 97,000
    So it's not the 315,000 more people said they STOPPED looking, but rather 315,000 more said the DID NOT look. Not the same thing.


    In fact, about a third of the recent decline in the unemployment rate can be attributed to a decline in the so-called Labor Participation Rate, which is now at a 36-year low. Ninety-six million Americans no longer consider themselves in the labor force.
    92.6 million, not 96, and it's not "no longer" as many of them were never in the labor force to begin with.

    The population used is age 16 and older not in the military, prison, or an institution. So a 15 year old who does not have a part time job turns 16...1 more person Not in the Labor Force.

    Some think there is a logical explanation for this: baby boomers who are leaving the workforce because they simply don’t want to work anymore. But the data doesn’t bear that out.
    There were 230,000 more workers aged 50 or older in the Household Survey released Friday. So how did the workforce decline by 315,000 people, if aging baby boomers were increasingly looking for jobs?
    A good way to look at it is Labor force status flows by sex, current month
    Looking at the Seasonally Adjusted data, we see that 4,164,000 people left employment in late August and did not start looking for work in early September. Some are retired, some don't want another job, some just haven't started looking yet.
    2,193,000 looked for work in late July/early August, but not in late August/early September.
    And 301,000 people entered the population (by turning 16, discharge from the military, immigrating to the U.S., or being released from prison or an institution.
    So that's 6,659,000 who became Not in the Labor Force
    At the same time, of those who were Not in the Labor Force in August...3,814,000 found jobs by September and another 2,337,000 had started looking. And 193,000 left the population: Death, leaving the country, joining the military, going to jail, getting committed. That's 6,344,000 out of not in the labor force.
    6,659,000-6,344,000 = 315,000


    It’s either a miracle or someone’s pulling our leg
    Or you don't understand the data.
    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.

  10. #500
    Guru
    pinqy's Avatar
    Join Date
    Dec 2012
    Location
    Northern Virginia
    Last Seen
    Today @ 12:40 AM
    Gender
    Lean
    Centrist
    Posts
    4,369

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

    Quote Originally Posted by imagep View Post
    Where is that number coming from? I've seen several posters citing it, but I didn't see it in the report. Do you have a source?
    It's not the drop in the Labor Force...they're citing the increase in "Not in the Labor Force" and claiming it's all people dropping out. The Labor Force dropped 97,000
    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.

Page 50 of 57 FirstFirst ... 404849505152 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •