Page 4 of 6 FirstFirst ... 23456 LastLast
Results 31 to 40 of 60

Thread: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.6%

  1. #31
    Guru
    pinqy's Avatar
    Join Date
    Dec 2012
    Location
    Northern Virginia
    Last Seen
    Today @ 09:51 PM
    Gender
    Lean
    Centrist
    Posts
    4,377

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by DA60 View Post
    Another strong month?

    According to the household survey:

    The average hourly and weekly earnings went down.

    Employment Situation Summary Table B. Establishment data, seasonally adjusted
    You say household survey, but then cite the establishment survey. Weird.


    The non-seasonally adjusted number of workers went DOWN by 476,000 workers?!?

    Table A-9. Selected employment indicators

    'What is seasonal adjustment?
    Seasonal adjustment is a statistical technique that attempts to measure and remove the influences of predictable seasonal patterns to reveal how employment and unemployment change from month to month.'


    What is seasonal adjustment?


    So, Americans made less per hour and per week AND (removing the BLS's creative math - er - 'statistical technique') almost 1/2 a million fewer Americans were employed.
    You linked to the explanation of seasonal adjustment, but you apparently didn't understand.
    Employment usually goes down in December. In the last 50 years employment has gone down 38 times in December.
    So…how much of the change was the economy, and how much just December?
    It's like measuring water level at the beach: you have to compensate for the tide.

    Further example, not seasonally adjusted total employment has never ever gone down in June. So employment going up in June means nothing. You have to seasonally adjust or you learn nothing.
    Last edited by pinqy; 01-11-15 at 11:52 PM.
    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.

  2. #32
    Sage
    Anthony60's Avatar
    Join Date
    Mar 2013
    Location
    Northern New Jersey
    Last Seen
    Today @ 08:23 PM
    Gender
    Lean
    Conservative
    Posts
    7,573

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by a351 View Post
    Employment Situation Summary

    Another strong month of gains to cap off 2014. This, in addition to the positive revisions for the previous two months make it the strongest year of job growth since 1999. While some indicators did trend down during the month, the year as a whole was an undoubtedly positive one for the US economy.
    Yet, the economy still sucks. I wonder how many of those jobs were part-time?
    "We have met the enemy and they are ours..." -- Oliver Hazard Perry
    "I don't want a piece of you... I want the whole thing!" -- Bob Barker

  3. #33
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by pinqy View Post
    You say household survey, but then cite the establishment survey. Weird.
    It's called a mistake...we all did not work at the Bureau of Labored Statistics like you claim to have. The statistics are the same.

    Actually, you keep claiming that the establishment survey is SO much more accurate...so it adds even more backing to my point.

    Thanks.

  4. #34
    Sage
    Anthony60's Avatar
    Join Date
    Mar 2013
    Location
    Northern New Jersey
    Last Seen
    Today @ 08:23 PM
    Gender
    Lean
    Conservative
    Posts
    7,573

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by Paschendale View Post
    What? Almost five years of job growth demonstrating that left wing economics work after right wing economics tanked the economy? Say it ain't so!
    Ah, the double speak of the left. Don't believe your eyes, all is well!

    We need a certain amount of job growth just to keep up with population growth. Saying we have job growth means about as much as saying the sun rose everyday this week. Big deal. That' a pretty low bar, something we've come to expect from Obama. It simply is not a priority for the left.
    "We have met the enemy and they are ours..." -- Oliver Hazard Perry
    "I don't want a piece of you... I want the whole thing!" -- Bob Barker

  5. #35
    Sage
    minnie616's Avatar
    Join Date
    Feb 2012
    Last Seen
    Today @ 06:13 PM
    Gender
    Lean
    Independent
    Posts
    14,953

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    I just want to point out that according to this Aug. 2014 CNN Money article the average income is finally on the rise again.

    NEW YORK (CNNMoney)

    The typical American is finally bringing home a bigger paycheck.


    Median household income has been on the rise for the past three years, climbing 3.8% to $53,891 in June, according to newly released data by Sentier Research. It's yet another indication that the economic recovery is taking hold.


    But Americans have yet to fully heal from the Great Recession, which officially ended five years ago. Median income remains 3.1% below its June 2009 level of $55,589. That's in large part because unemployment remained high in the early years of the recovery, according to Sentier.

    Median income is on the rise ... finally! - Aug. 20, 2014

    Median income is on the rise ... finally! - Aug. 20, 2014
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

  6. #36
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by pinqy View Post
    You say household survey, but then cite the establishment survey. Weird.



    You linked to the explanation of seasonal adjustment, but you apparently didn't understand.
    Employment usually goes down in December. In the last 50 years employment has gone down 38 times in December.
    So…how much of the change was the economy, and how much just December?
    It's like measuring water level at the beach: you have to compensate for the tide.

    Further example, not seasonally adjusted total employment has never ever gone down in June. So employment going up in June means nothing. You have to seasonally adjust or you learn nothing.
    Lol.

    I understood it fully (it's child's play) and I believed you would say almost exactly what you said as the excuse.

    And I reject it.

    It should not be up to the BLS to modify the stats to make them more palatable for the public. They should post the raw stats and let the public determine what they mean.

    No doubt, you do not understand what I truly mean (even if you say you do).


    Btw, why you keep giving me your opinions on this subject when I have told you time and again I have no respect for them as they are so staggeringly biased, is beyond me.

    I am beginning to wonder if you have a learning disability...no offense. It's either that and/or you are so obsessed about the BLS that you literally cannot stand anyone putting it down in any capacity.
    Either way makes you ridiculously biased and totally useless as an objective opinion.
    Why you cannot see this is totally beyond me.

    Oh well.

    We are done for now...until next month when I post a stat from the BLS that you don't like and you once again go anal retentive on me. Like clockwork.

    Frankly, I am starting to find it a little creepy. Like your life partially revolves around defending the BUreau of Labored Statistics.

    Until then.
    Last edited by DA60; 01-12-15 at 09:32 AM.

  7. #37
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 08:43 PM
    Gender
    Lean
    Progressive
    Posts
    10,142

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by j-mac View Post
    Yeah, I've heard that argument before, however when asked to quantify, and back up that the Participation rate is due to Retirees, and people going back to school, I get crickets, so I am not buyin' it at the moment...Although I do think that some things are getting slightly better, I sure don't see any kind of boom's taking place, and local, and state governments are damned near broke. Roads suffering, tax initiatives on ballots, etc. Plus the stores that used to flourish in various strip malls, and downtown sectors are NOT coming back, and the jobs that seem to be out there are min wage jobs that illegals are soaking up, while those crushed in the downturn have given up, and aren't even counted anymore...Not something I would tout as some great achievement by Dear Leader....I'm no economic whiz but I do have eyes, and do talk to people....
    Fair enough. The components of Not in the Work Force, cross-referenced to source. You will note that 90M of the number (almost 99%) is explained by items that generally show economic strength, not weakness.

    Employment - Not in Workforce.jpg

    or http://www.ssa.gov/policy/docs/quick...ot/2014-11.pdf

    You should be careful of anecdotal information. You can always find exceptions to rules/trends. On a local level, those exceptions can actually be the rule...
    Anecdotally, I can tell you that I started a business near the beginning of this recession.... I have a much, much tougher problem hiring now than I did in 2010; I have had to pay more and still have increasing problems. Though my jobs are lower wage (about 30% above minimum).... I am not hiring immigrants (illegal or legal)....but, that is a data point of one.

  8. #38
    Sage
    minnie616's Avatar
    Join Date
    Feb 2012
    Last Seen
    Today @ 06:13 PM
    Gender
    Lean
    Independent
    Posts
    14,953

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by upsideguy View Post
    Fair enough. The components of Not in the Work Force, cross-referenced to source. You will note that 90M of the number (almost 99%) is explained by items that generally show economic strength, not weakness.

    Employment - Not in Workforce.jpg

    or http://www.ssa.gov/policy/docs/quick...ot/2014-11.pdf

    You should be careful of anecdotal information. You can always find exceptions to rules/trends. On a local level, those exceptions can actually be the rule...
    Anecdotally, I can tell you that I started a business near the beginning of this recession.... I have a much, much tougher problem hiring now than I did in 2010; I have had to pay more and still have increasing problems. Though my jobs are lower wage (about 30% above minimum).... I am not hiring immigrants (illegal or legal)....but, that is a data point of one.
    Thanks for posting that chart.
    I did a quick search for those numbers earlier this week but didn't find it.
    Last edited by minnie616; 01-14-15 at 11:29 AM.
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

  9. #39
    Advisor
    Join Date
    Oct 2013
    Location
    Over there
    Last Seen
    Today @ 01:14 PM
    Gender
    Lean
    Private
    Posts
    573

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by j-mac View Post
    I don't think that a 30 hr per week job, is a full time job. Further, the LFPR has not been accurate for quite some time now.
    No one I know believes those numbers anyway. People aren't that stupid!

  10. #40
    Advisor
    Join Date
    Oct 2013
    Location
    Over there
    Last Seen
    Today @ 01:14 PM
    Gender
    Lean
    Private
    Posts
    573

    Re: Payroll employment rises by 252,000 in December; unemployment rate declines to 5.

    Quote Originally Posted by pinqy View Post
    You say household survey, but then cite the establishment survey. Weird.



    You linked to the explanation of seasonal adjustment, but you apparently didn't understand.
    Employment usually goes down in December. In the last 50 years employment has gone down 38 times in December.
    So…how much of the change was the economy, and how much just December?
    It's like measuring water level at the beach: you have to compensate for the tide.

    Further example, not seasonally adjusted total employment has never ever gone down in June. So employment going up in June means nothing. You have to seasonally adjust or you learn nothing.
    A lot of December hires were for part time workers because of holiday shopping. They don't have those jobs any more.

Page 4 of 6 FirstFirst ... 23456 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
  •