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Thread: Gallup Finds U.S. Unemployment Hitting 10.3% in February

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    obvious Child;1059330099]Is that your argument? How does that disprove it's cumulative? The BLS compares it to last year to adjust for seasonal changes. Seriously. You expect people to take you seriously and you can't even properly read the data?
    Last time I checked but could be wrong February 2010 was in the same season as February 2011. Keep making a fool of yourself. Apparently in your world employment and unemployment numbers are monthly but discouraged workers are cumulative. That is liberal logic.

    If it was monthly changes, the population of the US would be expanding by 80 million people a month according to the non-labor force population alone.
    People leave and join the work force every month, 12 million a year during the Obama term isn't that unrealistic since his economic plan has been such a disaster.


    Wow. Total Epic Fail.

    Civilian Jan 2011 population was 153,186 million. Feb 2011 was 153,246. if a million Americans left the labor force, then Jan 2011 should have been 154,186 million. The fact that unemployment went down with the total labor force expanding is a good sign the recovery is really underway.
    Guess you better tell BLS that they got it wrong, 1 million people dropped out of the unemployment roles NOT THE LABOR FORCE in February. They stopped looking for jobs, sorry, but that is reality that liberals don't want to address.
    Last edited by Conservative; 03-06-11 at 05:44 PM.

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by obvious Child View Post
    Yeah because they benefited from exceptionally low rates, lax regulation and Fannie/Freddie who under the Bush Ownership Society basically eliminated responsible mortgage creation barriers. We are paying for their excesses now.



    You should not cite things you have demonstrated you do not understand.
    that damn Bush, the devil reincarnated! Amazing how a dumb cowboy from TX could screw up the entire economy all by himself with a Democrat controlled Congress. Says a lot about the Democrat oversight and control. Looks to me like there are a lot of OC's in the Democrat Congress.

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by Conservative View Post
    Last time I checked but could be wrong February 2010 was in the same season as February 2011.
    THAT IS WHY THEY COMPARE SAME MONTH TO SAME MONTH. Good God you are dense. By comparing last year same month to current year same month they remove the seasonal adjustment issue.

    Good grief you cite data you can't even read.

    Keep making a fool of yourself. Apparently in your world employment and unemployment numbers are monthly but discouraged workers are cumulative. That is liberal logic.
    Apparently so is thinking the US population doesn't double every month. If the charts were monthly changes, then 300 million additional people would be added every month to the total charts.

    The fact that doesn't ring a bell that maybe it is cumulative should tell you something about your critical thinking process.

    People leave and join the work force every month, 12 million a year during the Obama term isn't that unrealistic since his economic plan has been such a disaster.
    15 millions people are unemployed. You are basically saying nearly that many are discouraged despite no data supporting you.

    Guess you better tell BLS that they got it wrong, 1 million people dropped out of the unemployment roles NOT THE LABOR FORCE in February. They stopped looking for jobs, sorry, but that is reality that liberals don't want to address.
    No, I am merely reciting the BLS data properly. If a million people dropped out of the labor force, then the out of labor force table should show an increase of 1 million. It does not.

    Christ sakes You have no idea how to read the tables at all.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by obvious Child View Post
    THAT IS WHY THEY COMPARE SAME MONTH TO SAME MONTH. Good God you are dense. By comparing last year same month to current year same month they remove the seasonal adjustment issue.

    Good grief you cite data you can't even read.



    Apparently so is thinking the US population doesn't double every month. If the charts were monthly changes, then 300 million additional people would be added every month to the total charts.

    The fact that doesn't ring a bell that maybe it is cumulative should tell you something about your critical thinking process.



    15 millions people are unemployed. You are basically saying nearly that many are discouraged despite no data supporting you.



    No, I am merely reciting the BLS data properly. If a million people dropped out of the labor force, then the out of labor force table should show an increase of 1 million. It does not.

    Christ sakes You have no idea how to read the tables at all.
    I need to ask you a question, what grade in school are you? Discouraged workers DO NOT DROP OUT OF THE LABOR FORCE, they aren't counted as unemployed. The real unemployment per bls is a million more than reported due to the discouraged workers. Ask your teacher to explain it to you?

    Here are the discouraged workers by month

    Discouraged workers in Thousands

    2008 467 396 401 412 400 420 461 381 467 484 608 642
    2009 734 731 685 740 792 793 796 758 706 808 861 929
    2010 1065 1204 994 1197 1083 1207 1185 1110 1209 1219 1282 1318
    2011 993 1020

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by Conservative View Post
    I need to ask you a question, what grade in school are you? Discouraged workers DO NOT DROP OUT OF THE LABOR FORCE, they aren't counted as unemployed.
    I never said they dropped out of the work force. Can you READ?

    The real unemployment per bls is a million more than reported due to the discouraged workers. Ask your teacher to explain it to you?
    I know what U6 is. I was citing it long before you got here.

    http://www.debatepolitics.com/polls/...post1059330797

    Btw, you are wrong as usual. It's still funny how you are arguing the US population double monthly.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by obvious Child View Post
    I never said they dropped out of the work force. Can you READ?



    I know what U6 is. I was citing it long before you got here.

    http://www.debatepolitics.com/polls/...post1059330797

    Btw, you are wrong as usual. It's still funny how you are arguing the US population double monthly.
    Well, I can see things haven't changed with you, it has been fun but you obviously cannot read, move the goal posts, and then repeat the same things over and over again. Have a good one, back on ignore for you. Now Sheik has a partner with the same inability to do anything but insult and divert. Bye!

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by Conservative View Post
    Well, I can see things haven't changed with you
    Yeah. I can read charts. I know the US population doesn't double monthly.

    it has been fun but you obviously cannot read
    You're the one arguing the US population doubles monthly.

    Run away. Go. Run. Flee.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by danarhea View Post
    So where are the Neocons now? Hijacking Tea Party movements. That's where they are.
    the kristols and rumsfelds are hijacking the tea party movement?

    LOL!

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    a look at the december jobs report which saw unemployment fall from 9.8 to 9.4 while producing not even enough jobs to keep up with population growth

    Furthermore, not only did the number of discouraged workers over job prospects hit a record high (since 1994, the earliest year the data is available) of just over 1.3 million (Fig. 1)--more than the number of jobs added in 2010--but the labor participation rate also hit at a 25-year low of 64.3% (Fig. 2).

    Most disturbingly, the average number of weeks people remain unemployed also has risen to 34.2 weeks in December vs. 33.9 weeks in November, with 6.4 million jobless people classified as long-term unemployed, i.e. without a job for 27+ weeks.

    All these suggest there is a large number of frustrated workers who left the labor pool but unaccounted for in the unemployment rate calculation. That means the all inclusive jobless rate could easily be 11% or more instead of the 9.4% flashing in headlines today.

    Overall, the latest employment report seems to reflect a painfully slow-recovering, but still confused labor market. Large corporations are hoarding cash reluctant to hire or invest fearing uncertainties ahead, while small business still strapped for cash and credit can’t afford to hire since business is still slow.

    Most economists estimate that in order to make a meaningful dent in the jobless situation while keeping up with the labor force growth rate, new job creation needs to be at around 300,000 a month going forward, which is a long way from where the economy is right now (Fig. 3).
    Number of Discouraged American Workers Hit Record High

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    Re: Gallup Finds U.S. Unemployment Hitting 10.3% in February

    Quote Originally Posted by The Prof View Post
    a look at the december jobs report which saw unemployment fall from 9.8 to 9.4 while producing not even enough jobs to keep up with population growth



    Number of Discouraged American Workers Hit Record High
    Hey don't you know, that discouraged workers don't count since they don't want to work. The more discouraged workers are, the lower the unemployment rate. That's great for the economy and politicians when we get that unemployment rate down.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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