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

  1. #51
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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    Didn't they just extend benefits?
    I believe they did but some of the unemployed used up all their benefits including extensions and have had their unemployment benefits cut off and dropped out of the labor market. they apparently now are coming back into the market. Now that is my speculation.

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

    Quote Originally Posted by Conservative View Post
    LOL, now that is funny and typical. Can you tell me how many people lost their unemployment benefits?
    Jobless claims were down 7,000 month over month.
    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 Conservative View Post
    I believe they did but some of the unemployed used up all their benefits including extensions and have had their unemployment benefits cut off and dropped out of the labor market.
    Was it you who stated previously that the labor pool increases as unemployment benefits expire? Can you explain this process to me in greater detail?
    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
    Was it you who stated previously that the labor pool increases as unemployment benefits expire? Can you explain this process to me in greater detail?
    People drop in and out of the labor market. As long as people are getting unemployment benefits they remain in the labor market but once those benefits cease they have a choice to make. Some drop out, others remain looking for jobs. Those that drop our of the market are no longer counted in the number of unemployed but are counted in the discouraged category Eventually they will jump back into the market for various reasons. That increases the labor force.

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

    Quote Originally Posted by Conservative View Post
    People drop in and out of the labor market. As long as people are getting unemployment benefits they remain in the labor market but once those benefits cease they have a choice to make. Some drop out, others remain looking for jobs. Those that drop our of the market are no longer counted in the number of unemployed but are counted in the discouraged category Eventually they will jump back into the market for various reasons. That increases the labor force.
    Care to explain this statement:
    Quote Originally Posted by Conservative View Post
    The increase in labor force however is due to a number of factors including graduation but also probably to unemployment insurance running out as well.
    So my question is, how can the labor force increase when unemployment insurance expires?

    Discouraged workers enter the marketplace once again (making them less than discouraged)? Perhaps, but why did you fail to mention it until pressed? I had to point out that those on the "teet" are still in the labor force.
    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
    Care to explain this statement:


    So my question is, how can the labor force increase when unemployment insurance expires?

    Discouraged workers enter the marketplace once again (making them less than discouraged)? Perhaps, but why did you fail to mention it until pressed? I had to point out that those on the "teet" are still in the labor force.
    Well, by golly, you got me. That was an error, I meant that the labor market decreases when people drop out and grows when they jump back in. You are indeed a legend in your own mind, happy now.

    I made a mistake, I apologize, now sue me. Forgot as a typical book smart liberal one has to be extremely specific in dealing with your posts. Any word or any mistake then becomes the issue instead of the thread topic or the actual economic conditions. I will try and be more careful in the future.

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

    Quote Originally Posted by Conservative View Post
    Well, by golly, you got me. That was an error, I meant that the labor market decreases when people drop out and grows when they jump back in. You are indeed a legend in your own mind, happy now.

    I made a mistake, I apologize, now sue me. Forgot as a typical book smart liberal one has to be extremely specific in dealing with your posts. Any word or any mistake then becomes the issue instead of the thread topic or the actual economic conditions. I will try and be more careful in the future.
    I am not a liberal, so please do not label me as one because you disagree with me, or because i found inconsistencies in your statements. Given my history in this forum, one can accurately state that i am about as unbiased in regards to the political economy as there is.
    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
    I am not a liberal, so please do not label me as one because you disagree with me, or because i found inconsistencies in your statements. Given my history in this forum, one can accurately state that i am about as unbiased in regards to the political economy as there is.
    I don't see that unbiased posting on your part, not when you post the opinions of biased economists who have an agenda. A truly unbiased poster would offer information from both sides. You have not.

    I will admit that I am a partisan poster, I am a partisan conservative, not a Republican and not a Democrat but a Conservative. As stated I used to vote always with the Democrats and did so up to 1980 when all of a sudden the lightbulb went off. I had been supporting an ideology based upon lies, feel good rhetoric and promoting spending in the name of compassion instead of getting compassionate spending. Whether it be the Great Society, FDR's New Deal, the War on Drugs all the words were right but the results never supported the spending. Reagan changed me completely and I haven't looked back since.

    Here is something you really need to think about

    A Stunning Senior Moment

    --------------------------------------------------------------------------------

    Apparently, a self-important college freshman attending a recent football game took it upon himself to explain to a senior citizen sitting next to him why it was impossible for the older generation to understand his generation.

    'You grew up in a different world, actually an almost primitive one' the student said, loud enough for many of those nearby to hear. 'The Young people of today grew up with television, jet planes, space travel, man walking on the moon. Our space probes have visited Mars. We have nuclear energy, ships and electric and hydrogen cars, cell phones. Computers with light-speed processing... And more.'

    After a brief silence the senior citizen responded as follows:

    'You're right, son. We didn't have those things when we were young ... so we invented them. Now, you arrogant little sh#*, what are you doing for the next generation?'

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

    Quote Originally Posted by Goldenboy219 View Post
    Jobless claims were down 7,000 month over month.
    I think that's the initial unemployment claims for April 24 - May 1. SA Initial claims were down 19000 from April 3.

    The advanced insured unemployment rate for April 24th is 3.8%, which would be down .1% from April 17, and down .2% from April 10 and down .1% from April 3. They have not published anything more recent for this category. So for roughly the month we have a drop in .1% of insured unemployment.

    Continued Claims:

    April 3 : 4,686,000
    April 24th (advanced number): 4,594,000

    Edit: So roughly 92000 claims expired in April.

    ETA Press Release: Unemployment Insurance Weekly Claims Report

    Report r539cy, Employment & Training Administration (ETA) - U.S. Department of Labor
    Last edited by drz-400; 05-07-10 at 06:39 PM.

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

    Quote Originally Posted by Erod View Post
    Sure, it's stablized, and there are companies in better position to expand and take advantage of a more-talented-than-normal available pool of candidates, but the real recovery won't occur until business feels relatively safe from the buffoons in Washington and what they might pull next.
    You will blame literally everything on the government wont you? It's raining outside, GOVERNMENT DID IT.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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