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Reality check for Vice President Joe Biden

lol.

Let's see.

Unemployment has increased from 5.3 to 5.9. Therefore the total net jobs is negative. Therefore Biden is correct in his assertion that jobs are in fact being lost in Louisiana.

The article itself doesn't make any sense. How can seasonally adjusted employment rise yet unemployment increase? How can total jobs reported increase yet total unemployment increase? Just because the population increases doesn't mean that the total people in the workforce has increased. Remember that workforce only includes those actively working and those actively seeking employment. The only way this article makes any sense is if Louisiana just experienced a large increase to its total workforce for this one reporting period. Or someone screwed up some math in the process.

Or, if anyone had actually bothered to read the article, they would have seen that the state added jobs in December, while unemployment "rose" over an indeterminate period.

Further, the number of people filing claims for unemployment is not directly tied to the number of people working.

Bureau of Labor Statistics Data

Between July and September, LA added 17,000 jobs, but unemployment claims increased by 20,000. That means that even though jobs were being created at a very good clip, the unemployment rate had a significant increase.
 
Or, if anyone had actually bothered to read the article, they would have seen that the state added jobs in December, while unemployment "rose" over an indeterminate period.

It says "indeterminate?" Where? Generally reporting of net jobs gained/loss and unemployment changes are done in the same time period.

At this point, I don't care what Biden said. It's more about accuracy of reporting of statistics.

Further, the number of people filing claims for unemployment is not directly tied to the number of people working.

Indeed. While there is a loose association, it's not a good barometer of the whole thing.

Between July and September, LA added 17,000 jobs, but unemployment claims increased by 20,000. That means that even though jobs were being created at a very good clip, the unemployment rate had a significant increase.

As I understand it, the unemployment rate is done by poll survey, not by calculating unemployment claims. Just because unemployment claims go up doesn't mean that unemployment is actually rising as people could have started filing after they were laid off last reporting quarter. That's moving reportable unemployment from one quarter to the next distorting the whole picture.
 
It says "indeterminate?" Where? Generally reporting of net jobs gained/loss and unemployment changes are done in the same time period.

At this point, I don't care what Biden said. It's more about accuracy of reporting of statistics.

The point was that the article didn't say what the time period was over which unemployment increased from 5.2 to 5.9. As it turns out, that was a Sep. to Dec. period, which is a different time period from the Dec gains in employment that the article was initially referring to.

As I understand it, the unemployment rate is done by poll survey, not by calculating unemployment claims. Just because unemployment claims go up doesn't mean that unemployment is actually rising as people could have started filing after they were laid off last reporting quarter. That's moving reportable unemployment from one quarter to the next distorting the whole picture.

I don't know for certain how they calculate it, but if you divide the exact number of people on unemployment by the exact number of people in the labor force on that table in my link, you come up with the exact unemployment rate. It seems like that's how they come up with it.
 
The point was that the article didn't say what the time period was over which unemployment increased from 5.2 to 5.9. As it turns out, that was a Sep. to Dec. period, which is a different time period from the Dec gains in employment that the article was initially referring to.

Good god. I'm close to just giving up on accurate reporting of statistics in this country. Why the hell are they reporting different time periods employment rates with net job gains/losses as the same period?

Christ sake.

I don't know for certain how they calculate it, but if you divide the exact number of people on unemployment by the exact number of people in the labor force on that table in my link, you come up with the exact unemployment rate. It seems like that's how they come up with it.

But that table is merely the outcome of the polling. They estimate the number of workers then they random sample and produce the rate.
 
What would Louisiana's unemployment rate be if it were not for all those federally funded reconstruction jobs down there?

I mean come on, I don't think I would be holding up Louisiana as some pillar of free market conservatism. If it were not for all that money flowing in from the Federal Taxpayers, that state would be a like a third world country.

Per Capita GDP in LA is 28,500 a year (PPP). When you figure in the billions in federal reconstruction money that has flowed into that state since 2005, that state is really underperforming economically. Its pretty much living off of taxpayers in other states.
 
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Between July and September, LA added 17,000 jobs, but unemployment claims increased by 20,000. That means that even though jobs were being created at a very good clip, the unemployment rate had a significant increase.

Ok, wait a second. The unemployment rate went up because the number of jobs created did not keep up with the size of the labor force. Thats exactly the situation the rest of America finds itself in.
 
From the comments below the article:



While Joe Biden can say stupid things, I just don't see this one as being a huge deal. When 49/50 states are losing jobs (that's 98%), why would it not be reasonable for him to assume that Lousiana was undergoing the same thing?

Nevertheless, nifty's right. I don't see how gaining jobs in a state means that NO ONE is losing their job.

You don't quite get it! He stated that we're losing 400 jobs a day here in Louisiana... quite frankly he pulled that number out of his ass! Nifty's quote that we're losing 400 a day but gaining 3700 jobs net is bs. Biden doesn't have that kind of detailed information... he just got caught with another dumb Bidenism. But don't worry, the main stream media won't give him a hard time on it!
 
Wow. You guys become so forgiving of mis speaks when it isn't a republican president occasionally doing it.

Dan Quayle must be really jealous that Aps' and Nifty's Democrat suck-up predecessors busted his balls when he only misspelled potato! At least Quayle seemed to know the job of the vice president... I'm not so sure about Biden.
 
I wonder if Biden used his own thoughts.

I think that the way it works is that once Obama becomes resurrected as the AntiChrist then he will completely control Biden's thoughts. Sounds like an improvement to me!
 
I think that the way it works is that once Obama becomes resurrected as the AntiChrist then he will completely control Biden's thoughts. Sounds like an improvement to me!

Yeah you know Obama is the Anti Christ I mean take a look at all the leaders in world that have caused death but Obama is the AntiChrist. :roll:

Is there finally a permanent full moon for the right wing bat****crazies to come out?
 
What would Louisiana's unemployment rate be if it were not for all those federally funded reconstruction jobs down there?

I mean come on, I don't think I would be holding up Louisiana as some pillar of free market conservatism. If it were not for all that money flowing in from the Federal Taxpayers, that state would be a like a third world country.

Per Capita GDP in LA is 28,500 a year (PPP). When you figure in the billions in federal reconstruction money that has flowed into that state since 2005, that state is really underperforming economically. Its pretty much living off of taxpayers in other states.

You're correct in that post-Katrina money is giving us a lift, but keep in mind that our previous useless Democrat governor Blanco (a total zero, regardless of what letter would be behind her name) was mismanaging Louisiana's budget as she acted like the all-powerful Queen Blanco. I will put my money on Jindal over the long haul - he's smart, ethical, and conservative. Let's see where he takes us during these tough times.
 
Yeah you know Obama is the Anti Christ I mean take a look at all the leaders in world that have caused death but Obama is the AntiChrist. :roll:

Is there finally a permanent full moon for the right wing bat****crazies to come out?

Hey I'm trying to be funny... I think!
 
Ok, wait a second. The unemployment rate went up because the number of jobs created did not keep up with the size of the labor force. Thats exactly the situation the rest of America finds itself in.

But the labor force for the reporting period increased to the point where the thousands of additional jobs still doesn't bring unemployment down?

This sounds fishy. I find the notion that the labor force is increasing so fast that it can cause unemployment to jump despite job increases a bit fishy.
 
I think nifty's point is more about the fact that Biden's comment wasn't necessarily "moron[ic]" like P/N claimed it was. It's a reasonable conclusion to make.

"in Louisiana there's 400 people a day losing their jobs, what's he doing?" asks Biden.

It was Fulll Idiot mode.
Biden knows it well.
Is a frequent visitor there.

"What's he doing?" asked Biden.
Well Joe, it seems they are creating jobs.

Is it any wonder Biden's office didn't reply?
Will the press ask the Obama about this?

Pretty soon Obama is going to take away Biden's right to free speech...LOL.
 
What would Louisiana's unemployment rate be if it were not for all those federally funded reconstruction jobs down there?

I mean come on, I don't think I would be holding up Louisiana as some pillar of free market conservatism. If it were not for all that money flowing in from the Federal Taxpayers, that state would be a like a third world country.

Per Capita GDP in LA is 28,500 a year (PPP). When you figure in the billions in federal reconstruction money that has flowed into that state since 2005, that state is really underperforming economically. Its pretty much living off of taxpayers in other states.

Don't blame me, I wanted to let it sink into the ocean.

Ok, wait a second. The unemployment rate went up because the number of jobs created did not keep up with the size of the labor force. Thats exactly the situation the rest of America finds itself in.

The rest of the country is seeing its total employment actually decrease. LA is alone (or almost alone) in seeing its total employment actually increase, albeit not at a pace sufficient to outweigh total growth in the labor force.
 
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