• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

What is the obsession "right of center" with blame? All accounts point to a positive sloped trend, and none of you will even acknowledge it. Why?
 
Goldenboy219 said:
What is the obsession "right of center" with blame? All accounts point to a positive sloped trend, and none of you will even acknowledge it. Why?
Click to expand...

The ONLY good news is on Wall Street where your tax dollars are propping up the investment community..

The "slope" you refer to is called "THE BOTTOM" by those that choose their own words.
 
ConservaBill said:
The ONLY good news is on Wall Street where your tax dollars are propping up the investment community..

The "slope" you refer to is called "THE BOTTOM" by those that choose their own words.
Click to expand...

I was referring to the trajectory of the output trend. Technically, the bottom occurred a while ago.
 
Goldenboy219 said:
What is the obsession "right of center" with blame? All accounts point to a positive sloped trend, and none of you will even acknowledge it. Why?
Click to expand...

Once things get better they'll forget all about blame (and credit).
 
Goldenboy219 said:
For some reason, i do not trust the "Taylor econo-meter" to display accuracy. All i have heard lately is partisan tidbits.
Click to expand...
I showed a few pages back that my take turned out to be pretty mainstream when compared with what was written on the financial blogs.

Your calling it "partisan" says more about your position than mine.
 
Taylor said:
I showed a few pages back that my take turned out to be pretty mainstream when compared with what was written on the financial blogs.

Your calling it "partisan" says more about your position than mine.
Click to expand...

Do you honestly believe because you cite a few blog sites... you are within the "mainstream"? :lamo

What is your "position" relative to the bid to cover following the $20 billion ten year note auction? Can you acknowledge that the economy is indeed on the upswing?
 
Woot! Check out this positive trend!!
Who wants to party with GoldenBoy?!
:2party:
 

Attachments

  • Output trend.jpg
    Output trend.jpg
    16.8 KB · Views: 10
Last edited:
Goldenboy219 said:
And once again you go and put your foot in your mouth. The 4th quarter 2009 had an output increase (GDP) rate of 5.6%. http://www.google.com/url?sa=t&source=web&ct=res&cd=1&ved=0CAYQFjAA&url=http%3A%2F%2Fwww.bea.gov%2Fnewsreleases%2Fnational%2Fgdp%2Fgdphighlights.pdf&rct=j&q=fourth+quarter+2009+gdp+growth+rate&ei=puu9S8S5I4GglAe0rrTbBg&usg=AFQjCNFUx51eFx-SwIKxm0z6FGdsg-oB1w
Click to expand...
Having been made to look like a fool on jobs, GoldenBoy changes the subject to GDP...
 
Taylor said:
Having been made to look like a fool on jobs, GoldenBoy changes the subject to GDP...
Click to expand...

If you look at the context of my original statement, it pertains to output. In fact, we did see positive output and steady unemployment at high levels. This can only be explained by....????;)

Me said:
I was referring to the trajectory of the output trend. Technically, the bottom occurred a while ago.
Click to expand...
 
Goldenboy219 said:
If you look at the context of my original statement, it pertains to output. In fact, we did see positive output and steady unemployment at high levels. This can only be explained by....????;)
Click to expand...
Forecasts are for GDP to grow what...2 or 3 percent this quarter? You really expect that to have a big impact on our near 10-percent unemployment?
 
Taylor said:
Forecasts are for GDP to grow what...2 or 3 percent this quarter? You really expect that to have a big impact on our near 10-percent unemployment?
Click to expand...

U-3 unemployment is a lagging indicator. Depleted inventories, historically low user cost of capital (interest rates), provide the frame work for a most positive shfit in aggregate demand. What will be interesting is the effect of liquidity draining on staple commodities; primarily energy and metals. A spike in oil prices will have a negative affect on growth.

All in all, diminishing gains in productivity lead to greater demand for labor.
=======================================================

Two other things:

1.) Your chart is completely off scale and bares no significant value to your argument.

2.) You failed to answer my response:
Do you honestly believe because you cite a few blog sites... you are within the "mainstream"? :lamo

What is your "position" relative to the bid to cover following the $20 billion ten year note auction? Can you acknowledge that the economy is indeed on the upswing?
Click to expand...
 
Taylor said:
Having been made to look like a fool on jobs, GoldenBoy changes the subject to GDP...
Click to expand...

What was your chart charting? Jobs? Employment rate? It doesn't say. Nor does it have a scale.
 
Goldenboy219 said:
U-3 unemployment is a lagging indicator.
Click to expand...
At 3% growth, "lagging indicator" is an understatement. The last piece I read forcast between 2 and 3% for the entire year. It's going to be a LONG time before we see significant gains in employment, which is why your "job creation in the tune of 300k by summers end, the 'conservative victory tour' will be a wash out" is so amusing.

Goldenboy219 said:
1.) Your chart is completely off scale and bares no significant value to your argument.
Click to expand...
If you say so :giggle:

Goldenboy219 said:
2.) You failed to answer my response:
Click to expand...
It's not terribly relevant to anything I've discussed in this thread (the significance of a one month, 162k upswing in jobs) or the thread topic itself.
 
misterman said:
There was no vertical or horizontal scale, nor even an indication of what the data were. Useless.
Click to expand...
Of course there are scales. Do you mean axis labels?

The subject of this thread is jobs. The data pertain to jobs. The horizontal scale is labeled with dates. The chart represents the number the jobs lost since Nov-07. I've convienently provided an arrow pointing to the "upswing" everyone wants to celebrate. Apparently I'm being "partisan" for taking the position that we've hit bottom and haven't pulled ourselves out yet.
 
megaprogman said:
162,000 Jobs Added in March - Rate Remains 9.7% - NYTimes.com



The real number is 123,000 jobs, since the temp census jobs don't really count in my opinion. However this is a very good sign. So what is your opinion, are we on the road to recovery or not? What do you base it on?

Personally, I am hopeful, but I am not prepared to call anything at this time.
Click to expand...

Your post included the figures...unemployment remained at 9.7...and thats WITH people dropping off the roles without finding jobs. Actual unemployment is most likely around 15-17%...in some major cities its above 30%. Mortgage failures are expected to increase.

Nah...we arent anywhere NEAR on the p[ath to recovery and wont be until the housing market is allowed to actually crash and correct itself.
 
VanceMack said:
Your post included the figures...unemployment remained at 9.7...and thats WITH people dropping off the roles without finding jobs. Actual unemployment is most likely around 15-17%...in some major cities its above 30%. Mortgage failures are expected to increase.

Nah...we arent anywhere NEAR on the p[ath to recovery and wont be until the housing market is allowed to actually crash and correct itself.
Click to expand...

It may take a decade or more for the housing sector to come back even if they allow it to crash. Without housing there will be no sustained recovery. We really are screwed.
 
Goldenboy219 said:
What is the obsession "right of center" with blame? All accounts point to a positive sloped trend, and none of you will even acknowledge it. Why?
Click to expand...

162,000 jobs during a month that a ton of TEMPORARY census and government workers were hired is not especially notable, especially since 15 million jobs were lost and 100,000+ new workers come on the market every month.

Many, many, many companies are still preparing to downsize further.
 
Taylor said:
Of course there are scales. Do you mean axis labels?

The subject of this thread is jobs. The data pertain to jobs. The horizontal scale is labeled with dates. The chart represents the number the jobs lost since Nov-07. I've convienently provided an arrow pointing to the "upswing" everyone wants to celebrate. Apparently I'm being "partisan" for taking the position that we've hit bottom and haven't pulled ourselves out yet.
Click to expand...

Then show the graph and its source in its entirety. :poke
 
Erod said:
162,000 jobs during a month that a ton of TEMPORARY census and government workers were hired is not especially notable, especially since 15 million jobs were lost and 100,000+ new workers come on the market every month.

Many, many, many companies are still preparing to downsize further.
Click to expand...

So you forecast a negative jobs report for April? In the tune of what?
 
USA-1 said:
It may take a decade or more for the housing sector to come back even if they allow it to crash. Without housing there will be no sustained recovery. We really are screwed.
Click to expand...

Ayyyyyyup. Thats pretty much my opinion too.

The thing is...we would be about 4 years into recovery right now if they had just let it do its thing...as it is..we keep artificially staving it off as if it isnt going to happen.
 
You must log in or register to reply here.
Back
Top Bottom