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U.S. Jobless Rate Unexpectedly Declines to 8.6%

Spin it however you like -- it's obviously an improvement. Over all it's not great that the work force is shrinking, but people aren't uniformly leaving because they simply can't find work. Baby boomers are moving into retirement which accounts for part of it. Part of it is that people are going back to school because the skills they have don't meet the needs of the current market.

Some numbers you somehow failed to report were:

Discouraged workers:

Nov 2010 - 1,282
Nov 2011 - 1,096

Job losers and persons who completed temporary assignments:

Nov 2010 - 9,471
Nov 2011 - 7,574

Job leavers

Nov 2010 - 867
Nov 2011 - 1,007

So manufacturing is up, consumer confidence is up, consumer spending is up, retail sales are up, service industry employment is up, and unemployment is down. Clearly the sky IS falling!

It seems the Bush policies are working.
 
He'll be too busy blaming FDR.
I hope he will begin undoing the damage done by FDR's policies and programs. The most urgent immediate need will be to undo the impending damage from the one term Marxist's reign of error.
 
:2funny: :2funny: :2funny:

No question about it, Obama policies are working as 315,000 people dropped out of the labor force and if that continues to happen the rate will be well below 8%. Just keep discouraging the private sector from creating jobs and get more people to drop out. That seems to be the liberal plan.
 
No question about it, Obama policies are working as 315,000 people dropped out of the labor force and if that continues to happen the rate will be well below 8%. Just keep discouraging the private sector from creating jobs and get more people to drop out. That seems to be the liberal plan.

:2funny: :2funny: :2funny:

Yep, you two are convinced that government is the answer.
 
:2funny: :2funny: :2funny:

Yep, you two are convinced that government is the answer.

As "Your" President has shown, govt. is the answer. Demonize the private sector, promote wealth distribution, encourage people to drop out of the labor force and the results will speak for themselves results that don't matter to an Obama supporter.
 
As "Your" President has shown, govt. is the answer. Demonize the private sector, promote wealth distribution, encourage people to drop out of the labor force and the results will speak for themselves results that don't matter to an Obama supporter.

Demonize like Fox calling folks parasites and moochers?


Yeah, you guys are funny. :2funny:
 
Who is Fox?

Can you quote him-her with a link?

Been done already. But I think you know full well what the Fox folks have been saying. :2funny:
 
Well, you do have to take into consideration that FNC is a CABLE channel. I can get ABC, NBC and CBS at my house for free. I hate their news, but its all I have as I don't subscribe to any providers for TV. So if someone were to ask me what I watch, I'd have to answer one of those or nothing at all. You're comparing network vs cable, and really nobody does that. FNC vs CNN would be fair. CBS vs ABC would be fair. I mean, how many millions of people out there only get one of the networks and can't watch FNC if they wanted to? See what I mean?

That's why the links I showed were more accurate, comparing apples to apples. I sure thought that FNC had more viewers anyway, even though they were cable only. Oh well, such is life in the valley.

He is intentionally leaving out the fact FNC is on 24/7 so they reach a hell of a lot more people throughout the course of a day. Here is a recent rating source. During the shows they track it looks like FNC had at least 16 million viewers each day....and this doesn't cover all of the filler shows between the am show and prime time.

Cable News Ratings for Thursday, December 1, 2011 - Ratings | TVbytheNumbers
 
Really?

employed

Nov 2010 - 138,909,000
Nov 2011 - 140,580,000

Yr/Yr Change - 1,671,000

Not in labor force

Nov 2010 - 84,765,000
Nov 2011 - 86,558,000

Yr/Yr Change - (1,793,000)

Labor force participation rate

Nov 2010 - 64.5%
Nov 2011 - 64.0%

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

Candidly, I don't think those numbers support the notion we are far better off now than a year ago. If you adjust the unemployment number for all the people that have simply given up looking for a job over the last 12 months (these folks are removed from the denominator), the unemployment rate would 9.7%. Wow, the true unemployment rate has dropped a whopping .1% over the last year. We have a growing population and a declining work force participation rate ........ tell me how that is good news?


Labor Force Statistics from the Current Population Survey

Series Id: LNS13000000

Seasonally Adjusted

Series title: (Seas) Unemployment Level

Labor force status: Unemployed

Type of data: Number in thousands

Age: 16 years and over

Nov 2010=15041

Nov 2011=13303
:2wave:

Notice: Data not available: U.S. Bureau of Labor Statistics
 
Labor Force Statistics from the Current Population Survey

Series Id: LNS13000000

Seasonally Adjusted

Series title: (Seas) Unemployment Level

Labor force status: Unemployed

Type of data: Number in thousands

Age: 16 years and over

Nov 2010=15041

Nov 2011=13303
:2wave:

Notice: Data not available: U.S. Bureau of Labor Statistics

Did you notice that 1.7 million are no longer in the labor force this year vs. last year thus aren't counted as unemployed? What is it about the Obama economic plan that you support?
 
Well, you do have to take into consideration that FNC is a CABLE channel. I can get ABC, NBC and CBS at my house for free. I hate their news, but its all I have as I don't subscribe to any providers for TV. So if someone were to ask me what I watch, I'd have to answer one of those or nothing at all. You're comparing network vs cable, and really nobody does that. FNC vs CNN would be fair. CBS vs ABC would be fair. I mean, how many millions of people out there only get one of the networks and can't watch FNC if they wanted to? See what I mean?

That's why the links I showed were more accurate, comparing apples to apples. I sure thought that FNC had more viewers anyway, even though they were cable only. Oh well, such is life in the valley.

If you don't have at least basic cable then I think you're in the distinct minority. In any case, the fact is that the network news primetime broadcasts pummel Fox's primetime news broadcast. :shrugs:
 
Did you notice that 1.7 million are no longer in the labor force this year vs. last year thus aren't counted as unemployed? What is it about the Obama economic plan that you support?

Did you notice that there are fewer frustrated job seakers than there were a year ago? That there were more people who chose to leave their jobs? That there were fewer people who were laid off? That the unemployment rate dropped almost half a percentage point?

You should take something for your Obama derangement syndrome. The jobs report was obviously positive.
 
Did you notice that there are fewer frustrated job seakers than there were a year ago? That there were more people who chose to leave their jobs? That there were fewer people who were laid off? That the unemployment rate dropped almost half a percentage point?

You should take something for your Obama derangement syndrome. The jobs report was obviously positive.

How do you know that since the total was 315,000 dropped out of the labor force, how many of that number were simply discouraged last year? the jobs report wasn't positive at all except to the kool-aid drinker. Only in the liberal world is 315,000 dropping out of the labor force and 24 million unemployed/under employed workers good news.
 
How do you know that since the total was 315,000 dropped out of the labor force, how many of that number were simply discouraged last year? the jobs report wasn't positive at all except to the kool-aid drinker. Only in the liberal world is 315,000 dropping out of the labor force and 24 million unemployed/under employed workers good news.

Check your favorite source. I quoted the BLS numbers on discouraged workers above.
 
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Did 315,000 drop out of the labor force last November?

Did the unemployment rate drop by .4%? Did the private sector create 140,000 new jobs?
 
Labor Force Statistics from the Current Population Survey

Series Id: LNS13000000

Seasonally Adjusted

Series title: (Seas) Unemployment Level

Labor force status: Unemployed

Type of data: Number in thousands

Age: 16 years and over

Nov 2010=15041

Nov 2011=13303
:2wave:

Notice: Data not available: U.S. Bureau of Labor Statistics


So they quit looking for work and were removed from the unemployment calc......what's your point?
 
If the real unemployment rate went down, how does that relate to Obama?

If it didn't, how is that Obama's fault?

Sometimes, it seems to me that we ascribe to the office of president powers that it just doesn't have.
 
He will ignore that fact and toss out some totally meaningless stats.

I've already addressed it several times. But conservative will, Rain-Man-LIke, keep spewing the same stats without analysis, ad infinitum.
 
If the real unemployment rate went down, how does that relate to Obama?

If it didn't, how is that Obama's fault?

Sometimes, it seems to me that we ascribe to the office of president powers that it just doesn't have.

And some never seem to see or understand that.
 
And some never seem to see or understand that.

No, they don't, including the voters. That is why the Republicans would like to spin the unemployment numbers to make them seem as bad as possible, while the Democrats want to do the opposite. Unemployment is what it is, which is probably more than the BLS would indicate. That is terrible. What seems worse to me is that we have candidates and voters alike hoping that they will stay bad because of the effect it will have on the next election.
 
No, they don't, including the voters. That is why the Republicans would like to spin the unemployment numbers to make them seem as bad as possible, while the Democrats want to do the opposite. Unemployment is what it is, which is probably more than the BLS would indicate. That is terrible. What seems worse to me is that we have candidates and voters alike hoping that they will stay bad because of the effect it will have on the next election.

I know. Sadly. I'm most disappointed in voters, who allow themselves to be maniputaled this way. Allow isn't even the right word, as they ar emore complicint than that.
 
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