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

apdst said:
It's only been 6 years, not a full decade. Hopefully, in the next couple of years, we'll find ourselves with a real president, instead of the counter-productive idiot we have now. He's probably the only president in our history that used the government bureaucracy to stimy, and even halt growth.
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Tell that to the commercial banks whose balance sheets are stronger than they've ever been prior to the Great Recession.

Or to the hedge fund managers who are seeing record profits from the historic gains on Wall Street.

You may not like that growth hasn't come as quickly as you'd like or that it took a different path than you wanted, but economic growth has happened under this President. And that's something you can't deny.
 
JoeTrumps said:
yay! it only took Obama 6 and a half years to show very minor progress on turning around the economy. but hey, gay people can get married, so to hell with the unemployed anyway. am i right? let's keep electing democrats so we can make it a DECADE LONG economic malaise. come on! it's fun!
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It seems like I recently read that the unemployment rate under Obama has actually fallen faster than under Reagan. It appears that it takes a long time to recover from deep recessions. Took 12 years to recover from the great depression.
 
apdst said:
It's only been 6 years, not a full decade. Hopefully, in the next couple of years, we'll find ourselves with a real president, instead of the counter-productive idiot we have now. He's probably the only president in our history that used the government bureaucracy to stimy, and even halt growth.
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No, Republicans are the ones dragging their feet in order to sabotage the economy. Have to keep things bad until after the elections.
 
imagep said:
It seems like I recently read that the unemployment rate under Obama has actually fallen faster than under Reagan. It appears that it takes a long time to recover from deep recessions. Took 12 years to recover from the great depression.
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Clearly Reagan's bureaucracy was even more powerful than Obama's at halting growth.
 
lifeisshort said:
And sometimes small victories are one step forward two steps back and lead to defeat.
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We haven't double dipped like we did in the Great Depression, or like Europe did, so I don't see us trending towards defeat. We are trending much like we did in the early '80s recession.
 
lizzie said:
Because the less of your population you have participating in the labor force, the more difficulty you have maintaining the standard of living for those who are dependent on taxpayer monies for survival. We have an ever-growing requirement, and a stagnating resource.
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So you are against people retiring?
 
Deuce said:
No, Republicans are the ones dragging their feet in order to sabotage the economy. Have to keep things bad until after the elections.
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Well... even beyond that. We have a major party whose whole concept of governing is that government can't do anything right. They have to make sure that government doesn't work or they and their whole concept of governing are out of a job. They actively work to sabotage government agencies so that they don't work as well as they can. Just look at the post office. Works very profitable and very well until the Republicans pushed through the insane prefunded retirement mandate on the USPS that puts the post office $5 billion in the red annually before the year even starts. Without that mandate, the post office in just the first half of this year was $1 billion in the black. Republicans want to prove that it can't work no matter how well it works.
 
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a351 said:
:lol: As if the Bureau of Labor Statistics is "in power." In your defense, the notion that the current administration is somehow in control of the figures is a really popular rallying call on this forum. It's on you to take the initiative and become better informed though.
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Nah, the BLS would never do that. Pay attention! Look who we are dealing with. Being better informed should be your goal too. Nah, the government would never manipulate the numbers for political gain. After all, they have to answer to... the government.
 
Deuce said:
No, Republicans are the ones dragging their feet in order to sabotage the economy. Have to keep things bad until after the elections.
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Who is holding up the Keystone pipeline? Who is shutting down cosl mines? Who shut down drilling? It's wasn't the Republicans.
 
lizzie said:
That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.
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...which would be bad news on the surface, until you understand that 98% of the people that do not participate in the labor force are retired, disabled, college students or stay-at-home moms. Actually, to a great extent, the HIGHER this number (those that are disabled notwithstanding) the more likely it reflects a healthy economy.
 
apdst said:
Who is holding up the Keystone pipeline? Who is shutting down cosl mines? Who shut down drilling? It's wasn't the Republicans.
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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?
 
apdst said:
Who is holding up the Keystone pipeline? Who is shutting down cosl mines? Who shut down drilling? It's wasn't the Republicans.
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"Who made Steve Guttenberg a star? We did! We did" Stonecutters
 
imagep said:
Exactly. "up until that time"

that doesn't mean there weren't more born in later years, there obviously were.
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I didn't leave off the final words on purpose. The point is those born after 1946 represent a far larger group of people. If someone were born in '46, it would be difficult to have a sibling born in '47, and another in '48. That means the majority of baby boomers haven't reached 65 yet. It seems to me the methodology used to calculate the number of people retiring is not accurate.
 
imagep said:
We haven't double dipped like we did in the Great Depression, or like Europe did, so I don't see us trending towards defeat. We are trending much like we did in the early '80s recession.
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Stagnation is a slow death
 
Tettsuo said:
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!
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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.

United States Average Hourly Earnings | 2006-2014 | Data | Chart | Calendar



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united-states-employed-persons.png




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united-states-average-hourly-earnings.png
 
lizzie said:
That sounds good on the surface, until you understand that the labor force participation rate has steadily declined since 2008.
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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.
 
beefheart said:
Yes it is, expect the usual suspects to try to minimize the good news...
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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.
 
upsideguy said:
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?
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Oh, wait...a job is a job, right?
 
BringIt said:
Duh! They always cook the books just before an election.

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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


View attachment 67173852
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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%.
 
Conservative65 said:
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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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.
 
lifeisshort said:
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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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.
 
DA60 said:
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.
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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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