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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]

    Old Workers Hit New All Time High As All April Jobs Go To The "55 And Older"

    http://www.zerohedge.com/news/2015-0...o-55-and-older
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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
    It has nothing to do with hate. I don't hate Obama. You're asking for people to give him credit for the unemployment rate. I asked you why. What specifically has Obama done to bring the unemployment rate to where it is today? What specific policy did he implement since January of 2009 that resulted in this number?
    He refused to embrace Republican economic policies that would see to reducing government spending in the wake of a once in a generation financial crisis. If he were to have followed that path, the U.S. economy would have undoubtedly fallen into a double dip.
    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

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

    Quote Originally Posted by DA60 View Post
    Oh jeez...calm down.
    Why do you think I'm upset?

    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.
    Yes, it is big difference. You completely changed from no one employed (and no mention of how many unemployed) giving 0% unemployment and going to no unemployed.

    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?
    But that would be true regardless of the number of employed. All you're saying now is that if no one was unemployed, then the unemployment rate would be zero. Duh. That's true whether there is on or a billion employed.




    And why you are getting so freaked out over this...it's just a chat forum...LIGHTEN UP
    hahahaha. Do you really want me to quote some of your freak-outs on these boards???
    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
    and the typical liberal card.

    it has nothing to do with Obama except for the crappy job reports that continue to come out since he has been president.
    if you look past the headline and actually read the report it is pretty crappy.

    who care about 200k part time employed people. people want full time jobs.
    ol yea companies run into major financial costs by employing full time people now thanks to Obama.

    with all the constant minimum wage hikes going on around the country younger people are being cut out of jobs.
    people that are 55 and older still have issues finding work as there is someone else to do it cheaper.

    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.

    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.

    this isn't anything to get excited about. the U3 number is a joke of a measure and everyone knows it.
    What is exciting is that wages are up 2.2% and will continue to rise as unemployment drops. It is indicative of CONFIDENCE in the economy by corporations. Plus we have Obama/s poll numbers......It looks like Jeb is going to have a difficult time in 2016.


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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 think I'm upset?

    Yes, it is big difference. You completely changed from no one employed (and no mention of how many unemployed) giving 0% unemployment and going to no unemployed.


    But that would be true regardless of the number of employed. All you're saying now is that if no one was unemployed, then the unemployment rate would be zero. Duh. That's true whether there is on or a billion employed.





    hahahaha. Do you really want me to quote some of your freak-outs on these boards???
    I will take that as a 'yes'.

    Which means your precious U-3 is so potentially absurd at reporting the true employment picture of the United States that there could be only one American employed (with tens of millions of other eligible Americans dying for work but discouraged) and yet the ridiculous U-3 would state the unemployment rate of the United States is 0%.


    Now I remember why I generally ignore your posts (though I did learn to use 1 person instead of 0 for the above - thanks)...you are just INCREDIBLY touchy when anyone knocks your precious BLS.

    Again, lighten up. It's an organization...not your child.

    If you want to correct people's mistakes...fine. But freaking out about them does not further your cause.


    We are done here.


    Good day.
    'What kind of sick and twisted toy factory is this?'
    'We are all the sum of our tears. Too little and the ground is not fertile, and nothing can grow there. Too much, the best of us is washed away.'
    "Better to be dead and cool, than alive and uncool."

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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
    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.



    Yes, I do, you just misread.
    no you still don't get it.

    in the U3 number if you are not looking for work or are a discouraged worker and haven't looked for work in 4 weeks you are not counted.
    even though he is unemployed the U3 number does not count him as unemployed.

    DA60 is correct. if everyone stopped looking for work according to the U3 number unemployment would be 0% even though they are still unemployed.
    that is why the U3 number is a joke. the U5 and U6 numbers give a much better picture of the unemployment rate than the U3 does.

    he is right if no one was employed and not looking for work or were considered discouraged then the U3 would still be 0%.
    Last edited by ludin; 05-08-15 at 11:21 AM.

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    Why so serious?

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

    Quote Originally Posted by iguanaman View Post
    What is exciting is that wages are up 2.2% and will continue to rise as unemployment drops. It is indicative of CONFIDENCE in the economy by corporations. Plus we have Obama/s poll numbers......It looks like Jeb is going to have a difficult time in 2016.

    He might If he were running against Obama.
    "I believe in a Spinoza's God who reveals himself in the harmony of all that exists, but not in a God who concerns himself with the fate and actions of human beings."

    --Albert Einstein, 1929

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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
    Who in this country would think that unemployment dropping is bad news?
    Republicans when there is a Democrat in the White House.


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

    Quote Originally Posted by iguanaman View Post
    What is exciting is that wages are up 2.2% and will continue to rise as unemployment drops. It is indicative of CONFIDENCE in the economy by corporations. Plus we have Obama/s poll numbers......It looks like Jeb is going to have a difficult time in 2016.

    confidence that Obama can't do anymore damage than already done and the confidence that he has shot down any other liberals chance of becoming president.
    Obama's poll number overall suck and still suck.

    RealClearPolitics - Election Other - President Obama Job Approval

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

    Why don't we make the definition of a 'good' economy in terms of people who want to work full time having a full time job?

    If we ever get back to the point where the vast majority of people who want a full time job have a full time job, then I'd call the economy strong. Last I recall we had that situation in the late 90's.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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