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Thread: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by Tettsuo View Post
    People with a disease called Obama-hate-itis.
    Really??

    Here's tb's post:
    I think this is very good news. But what specific Obama policy brought unemployment down? How is this attributable to him?
    The only part you quoted was
    I think this is very good news.
    You ignored the rest of tb's post and only focused on the part you liked. How about answering the question how this can be attributed to the President?
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by pinqy View Post
    Why do you just make up **** like that? It is not mathematically possible. But go ahead.... make up some numbers and show us your equation. If no one was employed, the UE rate would be 100% Good Lord!, you don't even know how percentages work!!!

    Yes, I know, you'll do the math, realize you're wrong, but won't be able to admit it and just insult me.
    you are wrong on that. the U3 number only counts those people "in the job market" if everyone stopped looking for work the unemployement rate would be 0% according to the U3 number. the u3 number does not include those types of people.

    however if you look at the U5 and U6 numbers they do and give a much better reflection of the job market in general.
    you don't understand what you are looking at.

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    No president can take direct credit for decreasing unemployment unless it's the government doing the hiring. So these questions asking me for specific legislation that leads to an increase in hiring are in and of themselves nonsensical.
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    BTW - since the beginning of the 'Great Recession', despite roughly $12 trillion (gov't./Fed) in debt and ZIRP thrown at the economy over roughly 7 1/2 years:

    - there are still over 4 MILLION less people employed in the 25-54 age range (the backbone of the economy).

    - there are 656,000 LESS Americans employed full time (but 2,998,000 more Americans employed part time).


    http://www.bls.gov/news.release/arch...t_01042008.pdf

    Table A-9. Selected employment indicators


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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by ludin View Post
    who care about 200k part time employed people. people want full time jobs.
    Where are you getting that number from? There were 6,580,000 in April who wanted and were available for full time work but worked less during the reference week due to slow business or couldn't find full time job. That's down 125,000 since March.

    The number of persons unemployed for less than 5 weeks increased by 241,000
    to 2.7 million in April. The number of long-term unemployed (those
    jobless for 27 weeks or more) changed little at 2.5 million, accounting
    for 29.0 percent of the unemployed.[/quote]
    That's good news. The long term had been growing. That it's steady/starting to drop is good. The percent of people who are unemployed because they quit has gone up. The percent of people unemployed because they're starting to look again, is up. Those involuntarily unemployed have gone down.

    In April, 2.1 million persons were marginally attached to the labor
    force, little changed over the year. (The data are not seasonally
    adjusted.) These individuals were not in the labor force, wanted and
    were available for work, and had looked for a job sometime in the prior
    12 months. They were not counted as unemployed because they had not
    searched for work in the 4 weeks preceding the survey.
    And the number of people marginally attached due to discouragement dropped.
    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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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by ludin View Post
    you are wrong on that. the U3 number only counts those people "in the job market" if everyone stopped looking for work the unemployement rate would be 0% according to the U3 number.
    Right..if no one was unemployed the unemployment rate would be zero. That's basic math. DA60 was claiming if no one was EMPLOYED it would also be zero.


    you don't understand what you are looking at.
    Yes, I do, you just misread.
    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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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by pinqy View Post
    Why do you just make up **** like that? It is not mathematically possible. But go ahead.... make up some numbers and show us your equation. If no one was employed, the UE rate would be 100% Good Lord!, you don't even know how percentages work!!!

    Yes, I know, you'll do the math, realize you're wrong, but won't be able to admit it and just insult me.
    Oh jeez...calm down.

    Okay, so if only one person is working then theoretically the unemployment rate could be zero. So it is one instead of zero (my mistake)...big whoop.

    If THEORETICALLY only one person was working but everyone else who is eligible had given up looking for work (but still wanted to work), then the rest would not be counted as part of the labor force. Thus the labor force would be 1 and the number of employed would be 1.

    So the U-3 rate would be 0%...would it not?


    Yes or no?


    And why you are getting so freaked out over this...it's just a chat forum...LIGHTEN UP

    Last edited by DA60; 05-08-15 at 10:59 AM.

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by Tettsuo View Post
    No president can take direct credit for decreasing unemployment unless it's the government doing the hiring. So these questions asking me for specific legislation that leads to an increase in hiring are in and of themselves nonsensical.
    So then how can you make the claim that Obama has been good for the economy?

    Hell, by your logic, my dog has been good for the economy. Debatepolitics.com has been good the economy. Sushi has been good for the economy. They all had no impact on the unemployment rate either.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by Tettsuo View Post
    No president can take direct credit for decreasing unemployment unless it's the government doing the hiring. So these questions asking me for specific legislation that leads to an increase in hiring are in and of themselves nonsensical.
    So, your blatant bromance with Obama in your OP was just blowing wind. So what are we supposed to be conceding here? That Obama's winning smile has been good for the economy? That Obama's ability to carry a Motown tune has been good for the economy? That liberals getting a tingle up their leg when Obama enters a room has been good for the economy? Or maybe that the number of separate vacations the first family takes has boosted tourism employment?

    So come on, rip off your Obama-girl t-shirt, your Yes we Can shorty shorts, and tell us just what it is we are conceding as your hero's contribution to the economy.
    A Canadian conservative is one who believes in limited government and that the government should stay out of our wallets and out of our bedrooms.

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by tres borrachos View Post
    So then how can you make the claim that Obama has been good for the economy?

    Hell, by your logic, my dog has been good for the economy. Debatepolitics.com has been good the economy. Sushi has been good for the economy. They all had no impact on the unemployment rate either.
    Shame on you claiming your dog has improved the economy when we all know Bo Obama has been the true canine stimulus.
    A Canadian conservative is one who believes in limited government and that the government should stay out of our wallets and out of our bedrooms.

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