Page 2 of 18 FirstFirst 123412 ... LastLast
Results 11 to 20 of 173

Thread: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

  1. #11
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 01:09 AM
    Gender
    Lean
    Independent
    Posts
    16,254

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by b.larset View Post
    Think. Jobless recovery? We stop counting people who dont recieve unemployement ? They found 250,000 jobs?The real problem is The information If we had a news media that wasnt made up of former government employees and Political operatives ; we would see someone ask
    The hard questions, like- "Why not manufacture Goods and products at home"?
    Why not use the same Laws say: like we did for the, Financial Industry to Start National Manufacturing at home and Spur our own economy? "National Econimic Security", is what the American people want SAY it! Repaet after me.." We want our own jobs and our own Manufacturing base", NOW!
    WTF are you talking about?
    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

  2. #12
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 01:06 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by PeteEU View Post
    As far as I understand the way the US does its unemployment numbers have not changed since before Bush.
    Think of what you are saying. We lost 20K jobs but the unemployment rate went down. Stop trying to make this a partisan discussion. Clearly the improvement was not in the numerator # of people employed but rather the denominator number of people working plus those unemployed looking for jobs.

    Having this number go down is not really a sign of an economic uptick. Rather it means there are more discouraged workers.

    It would be helpful if the media explained the numbers a bit more.

  3. #13
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 01:36 AM
    Lean
    Conservative
    Posts
    13,057

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    We lose more jobs than expected.....yet the unemployment rate dropped.

    That tells you all you need to know about the unemployment rate, which in actuality is supposed to be in the 18 percent area.

    Meanwhile, unemployed black men ages 18-50 are now almost at 40 percent.

  4. #14
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 01:09 AM
    Gender
    Lean
    Independent
    Posts
    16,254

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Erod View Post
    We lose more jobs than expected.....yet the unemployment rate dropped.

    That tells you all you need to know about the unemployment rate, which in actuality is supposed to be in the 18 percent area.
    U6 unemployment is much different than the U3 measure.

    edit: ps this is a hook so partisans be very careful
    Last edited by Kushinator; 02-05-10 at 01:52 PM.
    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

  5. #15
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    12-10-17 @ 07:36 PM
    Gender
    Lean
    Centrist
    Posts
    29,089

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by washunut View Post
    Think of what you are saying. We lost 20K jobs but the unemployment rate went down. Stop trying to make this a partisan discussion.
    I am not lol. Just stating a fact. This has zero to do with any partisan crap and I was only trying to point that out to the very partisan attacks that came at the start of the thread.

    Clearly the improvement was not in the numerator # of people employed but rather the denominator number of people working plus those unemployed looking for jobs.
    I know.

    Having this number go down is not really a sign of an economic uptick. Rather it means there are more discouraged workers.
    Yes exactly.

    That is why I stated that the method of finding the US unemployment has not changed since before Bush, and hence people cant blame Obama for the "odd numbers". I have been saying for years the US unemployment number method was brain dead and could result in loss of jobs but a fall in unemployment % and viola here we have it.

    The blame should be laid at the feet of the way the US makes the unemployment number. That people "fall off" the unemployment numbers just because a certain time has gone and they have not found work, is frankly stupid. It is just as stupid as the Danes hiding unemployment in different education programs during the 1980s and 1990s.

    It would be helpful if the media explained the numbers a bit more.
    I agree fully. Most people (American and non American) that read the unemployment number from the US think that is the actual number of people unemployment and compare it to their local unemployment number.. they cant be compared because of the US dumping millions off the lists because they are unemployed for longer than the "allowed" time.
    PeteEU

  6. #16
    Guru
    Alex's Avatar
    Join Date
    Jun 2005
    Location
    Milwaukee, WI
    Last Seen
    02-13-17 @ 04:57 PM
    Gender
    Lean
    Libertarian
    Posts
    2,962

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    "A Labor Department survey of households found that 541,000 more Americans had jobs last month. But most of those gains were attributed to seasonal adjustments to the data. Without those adjustments, which account for reduced hiring during winter, the data show fewer people had jobs last month."

    The decrease in unemployment seems to be an artificial number. The Labor Department expects less hiring in January and it adjusts for it. We'll see how well it holds up in future months. I'll be happy if and when it shows a positive trend, not with just a single number increase that was made to look good.

    January unemployment rate drops to 9.7 percent - Yahoo! News
    "Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15." -Ronald Reagan

  7. #17
    You kids get off my lawn!
    Glinda's Avatar
    Join Date
    May 2009
    Last Seen
    06-11-11 @ 02:01 AM
    Lean
    Undisclosed
    Posts
    1,716

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Councilman View Post
    Please use you brain for a minute, and I know it's a lot to axe of Obama worshipers and Liberals in general, but when people fall off the far end of the unemployment rolls they numbers are going to go down.

    The numbers are also going to go down because there are fewer jobs left to lose.

    When Bush the numb skull in chief I thought is couldn't get worse, but I admit I was wrong.

    It was bad when Bush did things that made me wonder how dumb he really was, but now with Obama I have to ask how stupid does this amateur think we are?
    Stupid enough get a rise out of those who purposely use the word "axe" as a racial epithet, evidently.

  8. #18
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 01:09 AM
    Gender
    Lean
    Independent
    Posts
    16,254

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Lets start with the left, and move toward the right!

    A confusing employment report this morning: employment down, but unemployment also down. Nor is this a story about workers dropping out of the labor force; the report shows an increase in the employment-population ratio, the percentage of adults who are working.

    Payroll numbers come from a survey of firms; unemployment (and employment-population) numbers come from a survey of households. Both surveys are subject to error, both strict statistical sampling error and things like incomplete coverage, uncertain seasonal adjustments, and so on. When employment growth is near zero, on either side, it’s not that surprising that the surveys should point in opposite directions.

    The bottom line is that economic numbers are no more than rough indicators. You have been warned.
    Jobs Are Up! I Mean Down! Whatever … - Paul Krugman Blog - NYTimes.com
    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

  9. #19
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Does anyone have the U6?

  10. #20
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 02:18 AM
    Gender
    Lean
    Conservative
    Posts
    39,731

    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Goldenboy219 View Post
    News Headlines

    Another sign of recovery even though this time of the year is usually opaque. I bolded the part about the Fed raising rates as this might have something to do with the market being spooked. Yields are down across the board on all major Treasuries (world wide) and the dollar is rallying which is a signal of continued downward pressure in equities.
    Yea, we have seen this kind of math before. Obama must have loved this fuzzy math, because I don't see him ordering it changed. It's all about the politics, not about what's good for America.
    The ghost of Jack Kevorkian for President's Physician: 2016

Page 2 of 18 FirstFirst 123412 ... 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
  •