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Thread: ap Unexpected drop in jobless rate sparks optimism

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Quote Originally Posted by Erod View Post
    Truly shocking when you think about it. Plus, the real unemployment rate among black men ages 25-54 is over 34 percent, which is incomprehensible.
    Why?.....
    Change that number to the 18-54 age bracket & I will guarantee that percentage is significantly higher.....

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    Re: ap Unexpected drop in jobless rate sparks optimism

    The economy is bound to recover eventually. People forget, that's what free enterprise does...

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Quote Originally Posted by Ethereal View Post
    The economy is bound to recover eventually. People forget, that's what free enterprise does...
    ...if you let it.

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    Re: ap Unexpected drop in jobless rate sparks optimism

    The reason we have two numbers that get posted and talked about unemployment is that the Federal government changed the calculations in the 1990s sometime. The new calculation counts the number of people collecting unemployment - that is all. So when your unemployment benefits run out you are no longer 'unemployed' - you vanish from the work pool totally. Since this is a farce, many economists also track the old way which reports higher numbers by tracking those still unemployed and keeping track of the new hires and new unemployment filings. The latest figures are 10% unemployment by the current standards but the total number of jobs fell by 102,000 and the old figure is around 18.6% now - expected to hit 20% by March by many of the experts.

    Then there is the 'real' unemployment figure that adds the 'underemployed' into the unemployed figures. Underemployed people are part-timers who want to be full-time but are working just to get some money coming in or people who are over-qualified for their current jobs because, well you get some money coming in. The last figures I recall for the 'real' unemployment is about 22% currently.

    Note that the only solid number is the current method of tracking the number of people collecting unemployment payments. The other two numbers include a lot of 'fudge' factors and are much harder to calculate and prove. Too subjective and liable to be used for political purposes.

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Check this out....

    multimediafinal
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Quote Originally Posted by Crunch View Post
    Check this out....

    multimediafinal
    Oh fun, its like watching the plague spread. Of course during the entire time span the color of St Clair County, MI never change from the over 10%.

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Quote Originally Posted by Erod View Post
    Truly shocking when you think about it. Plus, the real unemployment rate among black men ages 25-54 is over 34 percent, which is incomprehensible.
    Unless you grew up 70 years ago and the unemployment rate was around 50% and probably much much higher for black men.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Quote Originally Posted by Ethereal View Post
    The economy is bound to recover eventually. People forget, that's what free enterprise does...
    While an economy may well recover over time, the point is how long a time will it take for this US economy to recover.

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Quote Originally Posted by jujuman13 View Post
    Link
    Unexpected drop in jobless rate sparks optimism - Yahoo! Finance

    I am puzzled.
    I feel certain that some of the more educated people who frequent these blogs can point out the mistakes in my thinking.

    We are informed that the unemployment stands at 10.2%, then we are also told that the number of those who have lost jobs in the last month is an unexpected drop in being 11,000.
    However I am at a loss to understand how a loss of jobs (while being a declining amount on a month to month basis) can possibly be called a reduction of 0.2% of those unemployed.
    Please help me to understand.

    Its called fuzzy math................
    "God Bless Our Troops in Harms Way."

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    Re: ap Unexpected drop in jobless rate sparks optimism

    Quote Originally Posted by Dutch View Post
    I've been hearing 20% a lot this last week, tho I have no idea if that figure is anywhere near accurate. If it is it's shocking to say the least.
    It was 17.5% and fell to 17.2% last month. And no it is not shocking, the real unemployment of the US has always been been closer to 10%+ than under, but in the never ending partisan politics of the US, only the official unemployment numbers have been used despite their obvious lacking. So even under Bush the US unemployment was way above the official of 5 to 6% it was in reality closer to 10% if not over, but that was politically wrong to say so (regardless of who was in power). Same for under Clinton btw.
    PeteEU

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