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Thread: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

  1. #41
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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Goldenboy219 View Post
    Nonsense. During a full employment GDP gap, AD has been shifted to the left thereby lowering overall demand. Why has this shift occurred? Because spending has been reduced which is why government has the means necessary to "smooth" out the effects.



    Ah ha! Now we are getting somewhere. But to make a truly telling analysis, we have to dissect the nature of investment demand. Why..... Oh why do private investors feel the need... the desire... to invest into low yield securities offered by the public when they can put money into various aspects of private debt or equities that pay far greater returns?

    Ill wait



    What will suddenly drop the uncertainty facing both consumers and/or producers?



    Nope! First and foremost, not all industries face decreased marginal profitability due to cap and trade. Secondly, the effect (cost) of health care reform is quite ambiguous in respects to firm profitability. You are going to have to do more than make blanket assertions.



    Relating health care reform not sponsored by talk radio to shooting ourselves carries no merit. The costs of medicare are needed to be reduced long term if any talk of fiscal responsibility is to be taken seriously.



    Going back to EGTRRA in 2001, what was the net effect of the Bush tax cuts? 2/3 were saved and not spent thereby negating the entire premise of tax cuts based on the guise of stimulation (what you are perceiving them to be). As deficits increase, tax cuts cannot be internalized by tax payers as being "permanent".



    It most certainly is. A $1.5 trillion infrastructure stimulus would have been optimal (especially if we could have phased it into a three year plan).





    Have you lived under a rock? The largest aspect of the current stimulus was in regards to tax cut/breaks.





    With a balanced budget (no deficit), the debt will naturally expire as stipulated on the investors purchase of various instruments. You cannot make a 30 year treasury expire any sooner.



    Care to expand on this a tad bit more with some quality sources? Not that i disagree with your premise entirely, but i feel you are leaving things out as a matter of convenience.



    I am only explaining one of the main concerns in regards to international trade. You are the one claiming we do not need as many American farmers.



    First, we have to consider the net effects on international trade before we can assume other positive externalities of free trade agreements.



    That does not answer my question (weak attempt to shuffle). In the absence of US regulatory authority, would all private firms self regulate?


    Care to provide a quote?



    I can agree. But we must first consider what draws immigrants (legal or illegal) into the black market.
    There are a couple problems with your analysis with the major one being the Obama so called tax cuts. Here is what happened

    Individuals will get a tax credit of $400, while couples will get $800. The tax credit payments, expected to start around June, will be spread out through the rest of 2009 in the form of reduced federal tax withholdings taken from workers' paychecks. For 2009, the tax credit will amount to about an extra $13 per week and about $7.70 a week in 2010. Individuals with annual taxable incomes in excess of $100,000, and couples filing jointly with incomes in excess of $200,000 will not be eligible for the workers' tax credits. The credit begins to phase out at $75,000 for individuals and $150,000 for couples.
    Now compare that to the rate cuts of Reagan or Bush. Rebate checks never work for once they are gone they are gone. Rate cuts continue on and put more into each taxpayer's check each pay period. I hope you see the difference because the economy sure did. Reagan and Bush tax rate cuts actually grew the American Economy, created jobs, and also grew govt. revenue.

    Second, the stimulus plan was supposed to go for "shovel" ready jobs and not be spect over 3 years and as a result it has stimulated nothing except bailing out Democrat contituent groups and growing the size of govt, both of which are unsustainable.

    By definition a stimulus in our economy should be designed to stimulate the private sector but instead only stimulated the growth in the govt. and that just grows the debt.

    The fact is the stimulus plan increased unemployment which is closer to 17% than it is to the 9.7% reported, as if 9.7% is to be celebrated. Jobs continue to be lost in this economy in spite of all the spending and a reduction in the numbers of unemployed isn't really what happened. Instead people dropped out of the labor market and with a growing economy the labor force dropped 1.1 million in the last year.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by NoJingoLingo View Post
    So you want Obama to fix global warming, healthcare and give you a pacifier?
    He's hiring temporary census workers that offsets the weather he's using as an excuse for his failed policies. How long his followers continue to sway in front of him as he announces more job losses with near 10% unemployment in anyone's guess.
    '
    It was the Austrasians, that hewed on bravely through the thick of the fight, it was they who found and cut down the Saracen King.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Charles Martel View Post
    He's hiring temporary census workers that offsets the weather he's using as an excuse for his failed policies. How long his followers continue to sway in front of him as he announces more job losses with near 10% unemployment in anyone's guess.
    '
    Barack Obama along with his liberal elite Administration haven't a clue how to grow the U.S. economy and everything they are doing actually hurts that growth long term. We have a private sector economy that is being ignored. GDP Growth and any employment gains are being created in the public sector and that is unsustainable and costly to the taxpayers. The govt. cannot create enough jobs to do anything other than create debt.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Time for a reality check here.

    Until everyone who is unemployed is back to work there are NO net jobs being created.

    9.7% isn't close to the real number which is about 16%.

    There is some happy talk circulating but is just that happy talk not based in reallity.

    A local Mom and Pop neighborhood grocery store that has been in operation for over 50 years is closing near here because people don't have money and they can't compete with major chains 11 miles away.

    They were doing fine until last year.

    We are told the inflation rate will be 2.5% this month but does not figure in Food or Energy which are both way more than that.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Councilman View Post
    Time for a reality check here.

    Until everyone who is unemployed is back to work there are NO net jobs being created.

    9.7% isn't close to the real number which is about 16%.

    There is some happy talk circulating but is just that happy talk not based in reallity.

    A local Mom and Pop neighborhood grocery store that has been in operation for over 50 years is closing near here because people don't have money and they can't compete with major chains 11 miles away.

    They were doing fine until last year.

    We are told the inflation rate will be 2.5% this month but does not figure in Food or Energy which are both way more than that.
    Good luck in getting Obama supporters to deal in reality. They are so used to buying what Obama says and the media reports that they ignore the actual results which you are pointing out.

    In the BLS report there is a section called discouraged workers and that is the number being ignored by the media so your number unemployment numbers are more accurate than the media is reporting.

    The number that really bothers me is the reduction in the labor force that has occurred this past year due to people getting discouraged. Those discouraged workers need to be added to the unemployed number thus giving us a higher unemployment rate.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Conservative,

    Could you do me a favor and post the labor force statistics between the month of January and February?

    You should include: The total labor force, the number of people employed, the number of people unemployed, and the unemployment rate. Following the postings, can you provide a brief description of your findings and a source for the numbers?

    Thanks,

    GB
    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: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Goldenboy219 View Post
    Conservative,

    Could you do me a favor and post the labor force statistics between the month of January and February?

    You should include: The total labor force, the number of people employed, the number of people unemployed, and the unemployment rate. Following the postings, can you provide a brief description of your findings and a source for the numbers?

    Thanks,

    GB
    The following information comes from BLS. Subtract the unemployed from the labor force to get the employment number. My findings are that unemployment continues to climb

    Labor Force 2009 Jan-Dec
    154140(1)
    154401
    154164
    154718
    154956
    154759
    154351
    154426
    153927
    153854
    153720
    153059

    2010-Jan-Feb
    153170(1)
    153512

    Unemployed Jan-Dec in Millions
    2009
    11919
    12714
    13310
    13816
    14518
    14721
    14534
    14993
    15159
    15612
    15340
    15267

    2010-Jan-Feb
    14837
    14871
    Discouraged Workers Jan-Dec in Thousands
    2009
    734
    731
    685
    740
    792
    793
    796
    758
    706
    808
    861
    929
    778

    2010-Jan-Feb in thousands
    1065
    1204

    What this shows is that unemployment rose throughout 2009 and dropped in 2010 but the discouraged increased thus the unemployment rate did not drop at all.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Conservative View Post
    The following information comes from BLS. Subtract the unemployed from the labor force to get the employment number. My findings are that unemployment continues to climb

    Labor Force

    2010-Jan-Feb
    153170(1)
    153512

    Unemployed
    2010-Jan-Feb
    14837
    14871

    Discouraged Workers

    2010-Jan-Feb in thousands
    1065
    1204

    What this shows is that unemployment rose throughout 2009 and dropped in 2010 but the discouraged increased thus the unemployment rate did not drop at all.
    Thank you for posting the labor force, discouraged workers, and unemployed for a 12 month plus time frame. However, you did not post the number of people employed and made an effort not to do so. Why?

    Number of people employed

    January 2010: 138,333,000

    February 2010: 138,641,000

    The reason i asked you to post the total labor force, and the unemployment rate is to give a little info behind job creation. You instead attempted to post unneeded data from previous months.

    Care to provide a comment based on the number of people employed?
    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. #49
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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Goldenboy219 View Post
    Thank you for posting the labor force, discouraged workers, and unemployed for a 12 month plus time frame. However, you did not post the number of people employed and made an effort not to do so. Why?

    Number of people employed

    January 2010: 138,333,000

    February 2010: 138,641,000

    The reason i asked you to post the total labor force, and the unemployment rate is to give a little info behind job creation. You instead attempted to post unneeded data from previous months.

    Care to provide a comment based on the number of people employed?

    I told you how to get the number of people employed. The concern is the unemployed and the discouraged workers being ignored in the unemployment number.

    What I showed you was that after passing that "emergency" stimulus plan that was going to keep unemployment at 8% that unemployment rose dramatically. What I showed is that the situation is worse today than it was prior to the stimulus and all we got for it was rising unemployment and debt.

    I provided you what you asked for and your comments are the best you can do? Interesting attempt at diversion because the labor force dropping is the concern just like the discouraged and unemployed working.

    Not a pretty picture is it?

  10. #50
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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Conservative View Post
    I told you how to get the number of people employed. The concern is the unemployed and the discouraged workers being ignored in the unemployment number.
    Even if you did not have an exact number ready, why did you fail to post it and instead give directions?

    What I showed you was that after passing that "emergency" stimulus plan that was going to keep unemployment at 8% that unemployment rose dramatically. What I showed is that the situation is worse today than it was prior to the stimulus and all we got for it was rising unemployment and debt.
    So you could not wait to make a partisan statement? In 2008, the non-instutionalized population of the US was 233,788,000 where as today it is 236,998,000. Even with minimal growth, unemployment would have continued to expand due to the natural demographics. One of the negatives of such a large "package" that has to be paid for via treasury auctions (record ones) is the time it takes to appropriate. I do agree that the projections were completely off (as was the size needed to achieve them).

    I provided you what you asked for and your comments are the best you can do? Interesting attempt at diversion because the labor force dropping is the concern just like the discouraged and unemployed working.
    Yet you did not provide what i asked for. Care to answer why you purposefully did not post that there was actually job creation in the tune of 300,000?

    Not a pretty picture is it?
    Of course not. But things are getting better.
    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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