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Thread: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Of course the governments figures are down. They have been playing games with the numbers since they started tracking them. Anyone that believes things are 'fine' is not living in reality.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Lord of Planar View Post
    Yes, and so did short sales changes. If I recall right, July 2006 was when the rules changes.

    My point is that the impact of the housing market was small compared to the problems caused by the short sale changes. It harmed the entire market.

    Also remember. Republcans held fast against no bailout, until the provision was placed into law that money returned from the bailot loans could not be respent, but to pay back down the debt.

    Do you follow the finer nuances of such things, or read and go by sites like Common Dreams?
    Good evening, Lord of Planar.

    I wasn't aware of any of these things! Financial things I leave to my CPA, since I don't have the knowledge. I don't know how you guys keep track of all this, but I for one appreciate it! That's another reason I like this site. I really do learn something new every day!

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Sheik Yerbuti View Post
    So? Reagan was close. Just 3/10ths of one percent lower than the 7.8% Obama started with.

    Under Obama, the unemployment rate has dropped 0.4 points.

    At this same point in Reagan's presidency, unemployment had dropped just 0.1 point.

    And Reagan's a god to righties.
    If that's what you want to use for a comparison.

    Unemployment dropped from about 7.5% when Reagan took over, to about 5.1% when he left. Do you think it will be under jump to 6% when OBomba leaves office? I don't. Something that was already in place caused the unemployment rate to climb starting a few months after he took office to 10.8% in 1982. From this peak of 10.8%, down to under 5.1%... Think about the implications.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Sheik Yerbuti View Post
    Of course, just like the PC boom of the 80's drove the economy, not Reagan.
    I don't recall any paradigm shifts in the 80's for the semiconductor industry like there was in the 90's.

    What were they?

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Slyfox696 View Post
    It would also be important to mention Baby Boomers were not retiring when Reagan was President. Perhaps one might be interested to know enrollment in college increased 11 percent from 1990-2000 and increased another 37 percent between 2000-2010.

    I'm sure you recognize those facts, but I do think they need to be mentioned for those who may not be aware.


    Source: Fast Facts
    What are the percentages when adjusted for population growth?

    How much of that enrollment puts the tax payer on the hook today, vs back then?

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by AlabamaPaul View Post
    One would think the combination of those facts would have resulted in a dramatic decline in unemployment...
    No, all it does is cause more under employment. Sometimes more unemployment because employers don't like to hirer over qualified people.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Slyfox696 View Post
    You mean like from 10% to 7.4% in roughly 4 years?

    Bureau of Labor Statistics Data
    Unemployment is still more than 3% higher since the democrats took congress in '06.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by ReformCollege View Post
    The difference is under Obama, the labor force participation rate has been completely flat, whereas under Reagan it started at 63.5% and went up to 64.4% in the same time frame. The differences is around 4.2 million jobs. Snooze you lose.
    The labor force participation rate began dropping around 2001. Between the Great Recession and baby boomers hitting retirement age, that drop began accelerating in 2008, before Obama even became president.

    Still, the unemployment rate is 0.4 points lower for Obama, who inherited a massive recession along with a falling labor force participation rate; while unemployment dropped only 0.1 point during Reagan's first 54 months and he did not inherit a recession.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Sheik Yerbuti View Post
    The labor force participation rate began dropping around 2001. Between the Great Recession and baby boomers hitting retirement age, that drop began accelerating in 2008, before Obama even became president.

    Still, the unemployment rate is 0.4 points lower for Obama, who inherited a massive recession along with a falling labor force participation rate; while unemployment dropped only 0.1 point during Reagan's first 54 months and he did not inherit a recession.
    Its easier to drop .4% more in unemployment, when unemployment is starting .4% higher....

    Either way, it matters not. Under Reagan, 5 million jobs were created, whereas under Obama only 800,000 were created in the same time frame. Numbers do not lie.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Fisher View Post
    Businesses with less than 50 employees do not have to provide any insurance.
    I know but those that do are getting screwed.
    There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences.
    P. J. O'Rourke

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