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U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

a351 said:
Looks like I scrounged up the source of that bit of disinformation, not surprising really.
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Hmmm. Rush Limbaugh versus the facts. Rush always loses that one. What a useless twerp!
 
Cardinal Fang said:
Hmmm. Rush Limbaugh versus the facts. Rush always loses that one. What a useless twerp!
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Hey now, comedic relief provides comfort to a great many in these trying times!
 
a351 said:
Hey now, comedic relief provides comfort to a great many in these trying times!
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Sadly, millions of Junior Twerpsters take it all quite seriously.
 
Dpetty said:
Its the reality of the situation that Obama has created. Its got nothing to do with the human condition, whatever that means.
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Only the blind partisan can see t that way. It's a stupid position to believe people will stop wanting to work.
 
Dickieboy said:
I'm not sure about retiring but the SS administration states +/-10k day are reaching retirement age...not the same thing
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Every day, there's 50,000 seniors between the ages of 62 and 66 celebrating a birthday. That 1.5 million per month. About half of whom are employeed. Suffice it to say, a big chunk of the half million who left the work force last month were retiring baby boomers.
 
Sheik Yerbuti said:
Every day, there's 50,000 seniors between the ages of 62 and 66 celebrating a birthday. That 1.5 million per month. About half of whom are employeed. Suffice it to say, a big chunk of the half million who left the work force last month were retiring baby boomers.
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This ignored a lot. We're feeling this lost significantly here in Iowa. But aging is Obama's fault. He's certainly done nothing to stop it.
 
Boo Radley said:
Only the blind partisan can see t that way. It's a stupid position to believe people will stop wanting to work.
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hahahahaha, i have a full time job and i don’t WANT to work. If i could retire this very second i would. Its a stupid position to believe that people want to work at all! Especially those who are inherently lazy. I don’t think everyone on welfare is lazy, but there are way to many who could work, but chose not to so they can let the rest of us support them. Its pitiful that you have to turn this into a partisan argument. Things are so polarized now that you cant agree with someone of an opposing party, no matter what they say. If a Republican told you that you were the smartest person in the world, you would call him a liar and tell him to take it back!
 
Dpetty said:
hahahahaha, i have a full time job and i don’t WANT to work. If i could retire this very second i would. Its a stupid position to believe that people want to work at all!
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I have chronic systolic congestive heart failure. Work was taken away from me. And I want to work.
 
j-mac said:
I think that is measured in a different table within the report, not sure though....But certainly not anywhere near enough retirees in that if it is so, to effect the bad news....I would think that those giving up to get disability is a more likely reason.
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It's cute how Hertitage always focuses on the bad economic news when job reports come out while a Democrat is in office. How come they don't do that when a Republican is president?
 
a351 said:
Looks like I scrounged up the source of that bit of disinformation, not surprising really.

On The Right Track? Another Half Million Americans Fall Out of the Workforce - The Rush Limbaugh Show
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Why are you trying to be dishonest comrade? Just because Rush comments about the situation on his radio show, doesn't mean he is the "source of the data"

But then again why bother trying to point out the obvious. That would require you engage in actual critical thinking comrade.

146,000 Jobs Added In November, Beat Expectation Of 85,000, Unemployment Rate Lower At 7.7% | ZeroHedge

Confused why the unemployment rate dropped? The same, favorite BLS adjustment - a drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000
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LAbor%20Force%20Participation_0.jpg
 
Sheik Yerbuti said:

It's cute how Hertitage always focuses on the bad economic news when job reports come out while a Democrat is in office. How come they don't do that when a Republican is president?
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So you agree that the number lowering the rate is based more on those giving up and leaving the workforce, rather than the paltry number of jobs created...Thanks for the frank admission.
 
winston53660 said:
I have chronic systolic congestive heart failure. Work was taken away from me. And I want to work.
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And yet you’re on a computer right now. I know a lot of people who work from home on computers. Im sorry to hear about your health problems though. I have an undiagnosed myopathy. I’ve gone to numerous doctors for the last 10 years and no one can give me a diagnosis or recommend a treatment. My muscles continue to atrophy and despite physical therapy there is nothing i can do about it. I’ve been told i can go on disability right now, but i know i can still work, so i choose to do that rather than use it as an excuse to stay home. Before you get all indignant, im not saying thats what you’re doing, but for many people out there who act like they don’t have a choice, they do.
 
Sheik Yerbuti said:

It's cute how Hertitage always focuses on the bad economic news when job reports come out while a Democrat is in office. How come they don't do that when a Republican is president?
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Show me an example when they didnt.
 
Sheik Yerbuti said:

It's cute how Hertitage always focuses on the bad economic news when job reports come out while a Democrat is in office. How come they don't do that when a Republican is president?
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That would be because Republican Presidents understand basic economics, unlike Obama, who is nothing more than radical ideologue/community organizer who has never even run a cash register at 7/11.

Bush's Economy for most of his 2 terms was a robust, strong, and growing economy, with unemployment as low as 4.5%

The Housing Crash happened because of Clinton's over-regulation and Greenspan's idiotic monetary policy. Bernanke has quadrupled down (QE4 yay) on Greenspan's mistakes, so it's no surprise our "recovery" has been a joke. Obama's own economic team predicted unemployment would be 5.2% right now if we passed the Stimulus. How's that working out? So not even by your own messiah's standards is the current economy under his pathetic "leadership" acceptable.

On the contrary, the propagandists who comprise most of the garbage you call "The News" have to resort to gimmicks and misdirection in order to transform a turd of economic data into something that resembles actual progress. Have a nice day comrade.
 
Bronson said:
Why are you trying to be dishonest comrade? Just because Rush comments about the situation on his radio show, doesn't mean he is the "source of the data"

But then again why bother trying to point out the obvious. That would require you engage in actual critical thinking comrade.

146,000 Jobs Added In November, Beat Expectation Of 85,000, Unemployment Rate Lower At 7.7% | ZeroHedge



LAbor%20Force%20Participation_0.jpg
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I hope you notice the sharp drop from 66% in 2008 to the current 63.5% occurred as baby boomers began hitting retirement age? Starting in January, 2008, baby boomers began hitting the retirement age 62 at the rate of about 10,000 per day.
 
Dpetty said:
hahahahaha, i have a full time job and i don’t WANT to work. If i could retire this very second i would. Its a stupid position to believe that people want to work at all! Especially those who are inherently lazy. I don’t think everyone on welfare is lazy, but there are way to many who could work, but chose not to so they can let the rest of us support them. Its pitiful that you have to turn this into a partisan argument. Things are so polarized now that you cant agree with someone of an opposing party, no matter what they say. If a Republican told you that you were the smartest person in the world, you would call him a liar and tell him to take it back!
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Retiring is not the same as living on the dole per say. So, you're making a very poor comparison. However, if you look into it, you'll find people only think they want to retire. People who have gotten wealthy all of the sudden and retired on the whole have not been happy.
 
Boo Radley said:
Retiring is not the same as living on the dole per say. So, you're making a very poor comparison. However, if you look into it, you'll find people only think they want to retire. People who have gotten wealthy all of the sudden and retired on the whole have not been happy.
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Nice try.
Retiring= leaving the work force and living off savings.
Disability= leaving the work force and living off those who havent retired yet.
 
Dpetty said:
Nice try.
Retiring= leaving the work force and living off savings.
Disability= leaving the work force and living off those who havent retired yet.
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SSDI is insurance.
 
Dpetty said:
Nice try.
Retiring= leaving the work force and living off savings.
Disability= leaving the work force and living off those who havent retired yet.
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How they live is the key difference
 
Bronson said:
That would be because Republican Presidents understand basic economics, unlike Obama, who is nothing more than radical ideologue/community organizer who has never even run a cash register at 7/11.

Bush's Economy for most of his 2 terms was a robust, strong, and growing economy, with unemployment as low as 4.5%

The Housing Crash happened because of Clinton's over-regulation and Greenspan's idiotic monetary policy. Bernanke has quadrupled down (QE4 yay) on Greenspan's mistakes, so it's no surprise our "recovery" has been a joke. Obama's own economic team predicted unemployment would be 5.2% right now if we passed the Stimulus. How's that working out? So not even by your own messiah's standards is the current economy under his pathetic "leadership" acceptable.

On the contrary, the propagandists who comprise most of the garbage you call "The News" have to resort to gimmicks and misdirection in order to transform a turd of economic data into something that resembles actual progress. Have a nice day comrade.
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Stop it, you're calling Bush's economy robust?
Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
1-Month Net Change
Series Id:CES0000000001
Seasonally Adjusted
Super Sector:Total nonfarm
Industry:Total nonfarm
NAICS Code:-
Data Type:ALL EMPLOYEES, THOUSANDS
Years:2001 to 2012
YearJanFebMarAprMayJunJulAugSepOctNovDec
2001-1563-28-282-44-128-125-155-243-331-295-178
2002-129-146-24-84-947-100-11-551218-163
200395-159-213-49-9025-4510919714119
200416244337249310814612216134863134
20051372401413601702433741936680334160
20062833162831811476209183157-9204171
2007236931907213975-40-18737911289
200841-84-95-208-190-198-210-274-432-489-803-661
2009-818-724-799-692-361-482-339-231-199-202-42-171
2010-40-35189239516-167-58-51-27220121120
201111022024625154849685202112157223
2012275259143688745181192132138146

Bureau of Labor Statistics Data
 
j-mac said:
So you agree that the number lowering the rate is based more on those giving up and leaving the workforce, rather than the paltry number of jobs created...Thanks for the frank admission.
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Actually, I agreed to no such thing. I merely pointed out how partisan and biased they are. A point you didn't object to. As far as your projection onto me, no, I don't agree with that entirely. I do agree that the unemployment rate fell because 350,000 left the workforce. But to that, I largely attribute retiring baby boomers. As far as your disjointed observation that the number of jobs created was "paltry," I don't agree with that at all. Growing at 146,000 jobs exceeds population growth. And even that 146,000 figure is impressive considering how many people lost their job because of Hurricane Sandy.
 
pbrauer said:
Stop it, you're calling Bush's economy robust?
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Unemployment under Bush for the lionshare of his terms = 5%

Unemployment for the lionshare of Obama's term = above 8%

Yeah, I'd say Bush wins that head to head.
 
Sheik Yerbuti said:
Actually, I agreed to no such thing. I merely pointed out how partisan and biased they are. A point you didn't object to. As far as your projection onto me, no, I don't agree with that entirely. I do agree that the unemployment rate fell because 350,000 left the workforce. But to that, I largely attribute retiring baby boomers. As far as your disjointed observation that the number of jobs created was "paltry," I don't agree with that at all. Growing at 146,000 jobs exceeds population growth. And even that 146,000 figure is impressive considering how many people lost their job because of Hurricane Sandy.
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OK, so you want to say that they are all retirees....Show me that in black and white then, and not just your own partisan wish to make your own argument work....
 
j-mac said:
unemployment under bush for the lionshare of his terms = 5% unemployment for the lionshare of obama's term = above 8% yeah, i'd say bush wins that head to head.
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REMINDER:

MONTHLY JOB LOSSES
bikini_Mar_2011.jpg

The second derivative has to change before the first one can.
 
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