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Thread: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    Actual unemployment is around 17 percent when you adjust for those that quit looking. It's near 30 percent in Michigan (and near 40 percent for black men between 25 and 54).
    Can you do me the favor of explaining why the headline unemployment definition is U-3 and not U-6?
    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: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    You people = Frank, Dodd, Reid, Pelosi and the Fannie and Freddie circus.
    You should stick to the facts and not made up right wing fantasies.
    PeteEU

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by phattonez View Post
    Kind of meaningless when your real unemployment is probably closer to 20%.
    And while the faux pas on wall street yesterday may be a wake up call... do we all realize that Greece is 100%+ in debt over their GDP and that we, the United States, is around 70% according to the talking heads on television? The warnings are out there ... stop ****ing spending money we are borrowing. If we do not, we'll relish the days of 9.9% unemployment as the "good old days".
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    It's not hope. It's understanding what makes businesses grow, and your party's fascination with going after the the only people in this country that can actually make it happen is not going to get us there. Never has, never will.
    Newsflash: My ideology (im not a democrat) has nothing to do with my take on the political economy.
    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: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    The economy is definitely showing signs of recovery; virtually every economic indicator (construction, consumption, inventories, income, employment) is showing steady growth. It was bound to happen. That's how free markets work!

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Goldenboy219 View Post
    Can you do me the favor of explaining why the headline unemployment definition is U-3 and not U-6?
    I know it's U-3 because that number always paints the prettier picture. Even the U-6 does tell all the ugliness.

    Contrary to what you may think, I don't take glee in any of this. People are hurting, retirements are being put off, values are down.....that hurts everybody.

    And raising taxes and taking over business and healthcare won't fix it...it will prolong it.

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    I know it's U-3 because that number always paints the prettier picture. Even the U-6 does tell all the ugliness.
    No, i am asking you why (not why you believe) they use u-3 instead of u-6.

    Contrary to what you may think, I don't take glee in any of this. People are hurting, retirements are being put off, values are down.....that hurts everybody.
    So if we begin taking a dent out of the unemployment rate, it will not have negative political ramifications for Republicans in November?

    And raising taxes and taking over business and healthcare won't fix it...it will prolong it.
    Not only is this an inaccurate picture of the current environment, it shows you have little faith in markets.
    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: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Goldenboy219 View Post
    No, i am asking you why (not why you believe) they use u-3 instead of u-6.



    So if we begin taking a dent out of the unemployment rate, it will not have negative political ramifications for Republicans in November?



    Not only is this an inaccurate picture of the current environment, it shows you have little faith in markets.
    I have zero faith in this Administration as they do not understand how wealth is created as evidenced by their lack of focus on the private sector and actually growing meaningful jobs.

    What this month's BLS survey shows is that we now have over 15.2 million unemployed people and another 1.2 million discouraged workers both increases over previous months and nothing to take victory laps over.

    The disappointing total performance shows that never in the history of this country have we spent so much, stimulus, to get so little in results yet Obama supporters still don't get it.

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Conservative View Post
    I have zero faith in this Administration as they do not understand how wealth is created as evidenced by their lack of focus on the private sector and actually growing meaningful jobs.
    Do you have a bls or bea link that states public sector job growth has exceeded private sector job growth within the past year? If not, you might have to rescind that statement if you have any desire to achieve accuracy.

    What this month's BLS survey shows is that we now have over 15.2 million unemployed people and another 1.2 million discouraged workers both increases over previous months and nothing to take victory laps over.
    Given that employment is quite lagging (and rightfully so), i suspect the recent creation in "jobs" is an after-flow from the 8% 4th quarter nominal GDP increase. Hopefully, this same pattern will continue, and i believe it will given the sudden decline in productivity numbers (which is a labor demand determinant).

    The disappointing total performance shows that never in the history of this country have we spent so much, stimulus, to get so little in results yet Obama supporters still don't get it.
    Nobody with any real credibility believed this stimulus had the means necessary to achieve its aims. Being that hindsight is 20/20, a stimulus package in the tune of $1.5 trillion would have been ample enough to "patch" the GDP gap.
    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: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Goldenboy219 View Post
    Do you have a bls or bea link that states public sector job growth has exceeded private sector job growth within the past year? If not, you might have to rescind that statement if you have any desire to achieve accuracy.



    Given that employment is quite lagging (and rightfully so), i suspect the recent creation in "jobs" is an after-flow from the 8% 4th quarter nominal GDP increase. Hopefully, this same pattern will continue, and i believe it will given the sudden decline in productivity numbers (which is a labor demand determinant).



    Nobody with any real credibility believed this stimulus had the means necessary to achieve its aims. Being that hindsight is 20/20, a stimulus package in the tune of $1.5 trillion would have been ample enough to "patch" the GDP gap.
    I suggest you go to bls.gov and research the site, there is a lot of good information there including answers to your questions. Let me know if you need help.

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