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U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Forgive me, I should have included an adjective such as "reasonably," or "accurately."
No biggie...I was just sayin'.

Correct, but you said it was 7.3%, which is the revised number. So if you had said that at the time Obama took office, the official UE rate was at 7.2%, that would be fine. But you used the revised number (from Jan 2011 or later) and it makes no sense to use that number instead of the 7.8% which was the rate being collected that week.

Employment Situation for January 2009What's important is what is NOT there: an announcement of a different reference week. The reference week is only changed when the usual week is under unusual conditions and an announcement is made in the release. For example, in the Employment Situation for November 2006 and for November 2012 the reference weeks were the weeks that contained the 5th because otherwise the collection week (the week after the reference week) would have been the same week as Thanksgiving when it's practically impossible to do an accurate household survey.

Since the default is the week that contains the 12th, and an announcement is made if otherwise, then we can conclude that it was the week of the 12th in Jan 2009.

Thanks for the links and the information...I always like to find new information...especially on macroeconomics.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Oh, for goodness sake....Does anyone really believe that our economic situation today is truly as good as it could/should be? I don't.
I'm sure those people exist, you just h---- wait! here comes one now!

kool-aid-man.jpg
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

umm, according to you, his performance in terms of unemployment was even superior to that of Reagan's. :screwy

Reagan: DOWN 1,389,000
Jan/1981: 8,071,000
Jan/1989: 6,682,000

Bush: UP 6,056,000
Jan/2001: 6,023,000
Jan/2009: 12,079,000

Obama: DOWN 337,000
Jan/2009: 12,079,000
Mar/2013: 11,742,000

BLS: Unemployment Level

Certainly GWB's last months were negative. Nonetheless, average unemployment under GWB was 5.3%. Under BHO (thus far) the average is 8.9%. GWB did better. QED.:cool:
 
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