114K jobs added, continued growth in the private sector, unemployment drops to 7.8%...
[INDENT][B][U]Jobs report gives Obama much-needed boost[/U][/B]
By KEN THOMAS, Associated Press
FAIRFAX, Va. (AP)
Printable View
114K jobs added, continued growth in the private sector, unemployment drops to 7.8%...
[INDENT][B][U]Jobs report gives Obama much-needed boost[/U][/B]
By KEN THOMAS, Associated Press
FAIRFAX, Va. (AP)
Welcome to Mitt's nightmare.
Check foxnews.com front page right now. Cons shitting bricks.
This is nothing new. Employment and inflation statistics have always been suspect for years now. It takes like 120k jobs each month just to keep up with population growth. Remember that month when barely any jobs were added yet the employment rate dropped? You can argue whether there is manipulation or not, but many agree the way these numbers are calculated is flawed and isn't realistic. Again, this is nothing new...
Except they don't count the people who stop looking for a job... so the number isn't really indicative of the true unemployment rate.
Great news. now only 4 million people lost jobs on Obama's watch
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[QUOTE=StroShow4]Except they don't count the people who stop looking for a job... so the number isn't really indicative of the true unemployment rate.[/QUOTE]
Very true, which is why it's so strange that some conservatives seem to be panicking over these numbers and spewing nonsense and irrational conspiracy theories in response. These are ok numbers, nothing great really, but they are positive. The stock market is responding well to the reports and many see this as a sign of a sustained positive recovery.
It is just a case of the media trying to influence people who arent educated about this type of thing. The statistic is flawed, as are most macroeconomic stats, but it is not faked. The key is knowing how to interpret it and instead of doing their job and educating viewers the media is spinning conspiracy stories.
[QUOTE=StroShow4]Except they don't count the people who stop looking for a job... so the number isn't really indicative of the true unemployment rate.[/QUOTE]
Somewhat true but it's always been done that way, including during Republican administrations.
[QUOTE=Real Men Wear Green]Somewhat true but it's always been done that way, including during Republican administrations.[/QUOTE]
I was just pointing it out, not claiming it's something new.
[QUOTE=StroShow4]Except they don't count the people who stop looking for a job... so the number isn't really indicative of the true unemployment rate.[/QUOTE]
There is a stat that covers that. That number didn't change. Because mostly the surge of jobs were part time jobs and the U6 rate covers underemployed.
Check out the Ezra Klein link I put up in the BigAss thread for the best take on today's numbers.
Republicans don't want the lower class and middle class to be at work. Now the stats prove it.
[QUOTE=falc39]This is nothing new. Employment and inflation statistics have always been suspect for years now. It takes like 120k jobs each month just to keep up with population growth. Remember that month when barely any jobs were added yet the employment rate dropped? You can argue whether there is manipulation or not, but many agree the way these numbers are calculated is flawed and isn't realistic. Again, this is nothing new...[/QUOTE]
considering its the same numbers they use to attack Obama, its laughable how now they're flawed numbers :facepalm
[QUOTE=StroShow4]Except they don't count the people who stop looking for a job... so the number isn't really indicative of the true unemployment rate.[/QUOTE]
Actually they do, and that number actually increased. unlike what romney said.
[quote]NEW YORK (CNNMoney) -- More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program.
Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas.
The federal extended benefits program has provided the jobless with up to 20 weeks of unemployment checks after they've run through their state and their federal emergency benefits, which together last up to 79 weeks.
But the extended benefits program is expiring throughout the country as the economy improves. To be eligible for these benefits, a state must show that its unemployment rate is at least 10% higher than it was in at least one of the past three years.
State unemployment rates have been falling as the jobless find new positions or exit the workforce. For instance, Nevada has the highest state unemployment rate at 12%, but it's still below the 14% it logged in October 2010.[/quote]
It's amazing how when benefits reach their expiration date, suddenly people find work again.
[quote]
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^^ there's a fraction of the job postings on the Charlotte craigslist just TODAY.
The old "people cant find jobs, people are out of work" line is phony rhetoric. Unemployment numbers are high because unemployment benefits extend far too long. Numerous studies have shown that if they last 5 years, people find jobs after 4 years, 11 months. If they last 4 years, people find jobs after 3 years, 11 months.
It's extremely disengenuous for Democrats to pipe up about jobs/unemployment. They're the ones who want to encourage people to rely on government handouts rather than work. The proof is there, jobs ARE available. You can find lots and lots of craigslist job postings in EVERY city, mates! People are just coasting instead of working. Funny how the President they voted for has to take heat for their apathy. But that's what it's about. Lazy and selfish. Sure, they'll vote for Obama if he'll help them be lazy and selfish. But once he needs their help? Nah, they're gonna stay lazy and selfish.
[QUOTE=stallionaire]Republicans don't want the lower class and middle class to be at work. Now the stats prove it.[/QUOTE]
Sadly, you're right. That's what partisan politics does, mates. You remember how gleefully Democrats toted the death toll numbers in Iraq when George Bush was President. If the number of dead soldiers dipped, Democrats pouted and brought up "well, that doesnt even compare to how many civilians are getting killed!"
Democrats were so invested in partisanship that they were literally rooting for innocent people to die, in order to blame it on George Bush.
Pretty sad all around, mate. But that's what you get when you've got idiots like kevinyc and godzuki, who are more invested in a party than a country.
"how convenient unemployment drops below 8 percent 2 months before election" says conservative idiots. well check it out...this trend has predicted this the last 3 years so its not so much of a coincidence is it? whether not the drop in number truly indicates our economy on the upswing is another argument. but to say the numbers are cooked for obama :facepalm, right. the department of labor has been plannign this for the last 3 years. this is why i dont get into politics..to many idiots arguing with false information.
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[QUOTE=DeuceWallaces]Welcome to Mitt's nightmare.
Check foxnews.com front page right now. Cons shitting bricks.[/QUOTE]
The FOX News bias has been especially strange these last few month. They have always leaned hard right, but lately they have gone to the level of home team local announcer, cheerleading like I have never seen. There must be a lot of top down pressure from all the big wigs who set up Romney superpacs to spread the word in a forceful manner.
[QUOTE=JaggerCommaMick]It's amazing how when benefits reach their expiration date, suddenly people find work again.
^^ there's a fraction of the job postings on the Charlotte craigslist just TODAY.
The old "people cant find jobs, people are out of work" line is phony rhetoric. Unemployment numbers are high because unemployment benefits extend far too long. Numerous studies have shown that if they last 5 years, people find jobs after 4 years, 11 months. If they last 4 years, people find jobs after 3 years, 11 months.
It's extremely disengenuous for Democrats to pipe up about jobs/unemployment. They're the ones who want to encourage people to rely on government handouts rather than work. The proof is there, jobs ARE available. You can find lots and lots of craigslist job postings in EVERY city, mates! People are just coasting instead of working. Funny how the President they voted for has to take heat for their apathy. But that's what it's about. Lazy and selfish. Sure, they'll vote for Obama if he'll help them be lazy and selfish. But once he needs their help? Nah, they're gonna stay lazy and selfish.[/QUOTE]
Should I be concerned that Starface is checking out Charlotte's Craigslist? :confusedshrug:
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[QUOTE=JaggerCommaMick]Sadly, you're right. That's what partisan politics does, mates. You remember how gleefully Democrats toted the death toll numbers in Iraq when George Bush was President. If the number of dead soldiers dipped, Democrats pouted and brought up "well, that doesnt even compare to how many civilians are getting killed!"
Democrats were so invested in partisanship that they were literally rooting for innocent people to die, in order to blame it on George Bush.
Pretty sad all around, mate. But that's what you get when you've got idiots like kevinyc and godzuki, who are more invested in a party than a country.[/QUOTE]
you've been wrong on pretty much every major decision a President has had to make in recent memory, and that goes for almost every Republican or Independent here. Whether its you voting for Bush saying the same things you are now, reelecting him spouting the same garbage, not wanting to bailout and let our automotive sectors go bankrupt with massive job losses when we're already sinking into a deep recession, or not raising the debt ceiling ruining America's credit rating. and all you people do is blame it on Democrats when the stuff you're pushing has been wrong EVERY time with EVERY major decision.
none of you ever own up to shit, you just deflect it on to Democrats, and its funny how you pretend to reinvent the Bush years as being not so bad compared to Obama when he was f'in awful. Wait another 20 years before you try to brainwash people with that nonsense since it wasn't even that long ago. its unbelievable to me how people think we should be fully recovered right now considering how low we were when Obama took office, but thats the right wing spin machine where it somehow becomes a unrealistic expectation/criticism :facepalm
:oldlol: Romney won the debate and only got like 1 day of good press. The news cycle has already shifted and its only Friday...
I know republicans are soo pissed right now. lol
[QUOTE=rufuspaul]Should I be concerned that Starface is checking out Charlotte's Craigslist? :confusedshrug:[/QUOTE]
:lol
Dude. I'm sorry.
[QUOTE=JaggerCommaMick]It's amazing how when benefits reach their expiration date, suddenly people find work again.
^^ there's a fraction of the job postings on the Charlotte craigslist just TODAY.
The old "people cant find jobs, people are out of work" line is phony rhetoric. Unemployment numbers are high because unemployment benefits extend far too long. Numerous studies have shown that if they last 5 years, people find jobs after 4 years, 11 months. If they last 4 years, people find jobs after 3 years, 11 months.
It's extremely disengenuous for Democrats to pipe up about jobs/unemployment. They're the ones who want to encourage people to rely on government handouts rather than work. The proof is there, jobs ARE available. You can find lots and lots of craigslist job postings in EVERY city, mates! People are just coasting instead of working. Funny how the President they voted for has to take heat for their apathy. But that's what it's about. Lazy and selfish. Sure, they'll vote for Obama if he'll help them be lazy and selfish. But once he needs their help? Nah, they're gonna stay lazy and selfish.[/QUOTE]
Whatever Starface...
I can't believe Obama is out there touting this as a huge success. The unemployment rate when Obama took office was 7.8% and now it's at...7.8%. There are less people working than in 2009 and this is after his 1 trillion dollar stimulus. Embarrassing.
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[QUOTE=General]I can't believe Obama is out there touting this as a huge success. The unemployment rate when Obama took office was 7.8% and now it's at...7.8%. There are less people working than in 2009 and this is after his 1 trillion dollar stimulus. Embarrassing.
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That's because they cut so many government jobs. The private sector has been hiring away.
JaggerCommaMick AKA Starface likes calling Democrats blind partisans yet he's the biggest right wing hack here shilling for the GOP.
The fucckouttahere mate.
[QUOTE=Celtics4ever]Do you really have "Jeff L cheap jew" written on your profile? Wow, I hope you get raped by your own dad, so he spreads his AIDS to you. We don't need racist skanks like you in this country.[/QUOTE]
Reported, I hope Jeff perma bans that prick.
It'd be nice to know which industries are adding the jobs.
[QUOTE=Balla_Status]It'd be nice to know which industries are adding the jobs.[/QUOTE]
agreed. my guess is there are a whole lot of unsustainable energy jobs that will start to disappear once the gas is extracted.
The U-6 umeployment rate which the BLS describes as: [U]Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force[/U]. IMO this is the most telling and "true" unemployment rate. It's actually higher now than when Obama took office. After Obama's poor debate performance and this abysmal jobs report I see Romney picking up more than a few points in Ohio and Florida. Some polls already show Romney leading in Florida by two points.
[SIZE="4"][B]U-6 True Unemployment Rate[/B][/SIZE]
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[QUOTE=Nanners]agreed. my guess is there are a whole lot of unsustainable energy jobs that will start to disappear once the gas is extracted.[/QUOTE]
You're obviously an expert. Tell me more. USA is #1 exporter of natural gas.
Thank you oil and gas industry for making our economy stronger.
[QUOTE=Balla_Status]You're obviously an expert. Tell me more. USA is #1 exporter of natural gas.
Thank you oil and gas industry for making our economy stronger.[/QUOTE]
so we are sitting on an unlimited supply of natural gas then? i was under the impression that there is a limited amount and that once its burned its gone.
thank you oil and gas industry. without you glorious people, humanity would still be living in caves. hawker you are basically the savior of humanity, thank you for your sacrifice.
[QUOTE=Nanners]so we are sitting on an unlimited supply of natural gas then? i was under the impression that there is a limited amount and that once its burned its gone.
thank you oil and gas industry. without you glorious people, humanity would still be living in caves. hawker you are basically the savior of humanity, thank you for your sacrifice.[/QUOTE]
Jobs are jobs. If you want sustainable jobs, I guess we should make prostitution legal.
And of course, not unlimited but a centuries worth of gas at least. Got anything more sustainable than that?
[QUOTE=Balla_Status]Jobs are jobs. If you want sustainable jobs, I guess we should make prostitution legal.[/QUOTE]
look up to the sky hawker. how do you feel knowing that you will be put out of work and have your entire industry replaced by an ancient ball of fire?
solar will be the final answer to our energy needs. this fact is 100% unavoidable and inevitable. its only a matter of how long it takes until the technology can catch up.
[QUOTE=Nanners]look up to the sky hawker. how do you feel knowing that you will be put out of work and have your entire industry replaced by an ancient ball of fire?
solar will be the final answer to our energy needs. this fact is 100% unavoidable and inevitable. its only a matter of how long it takes until the technology can catch up.[/QUOTE]
Doesn't bother me at all bub. I'll be dead/retired by then.
Plus I have an engineering degree. Wouldn't be hard to find another job.
[QUOTE=Sarcastic]That's because they cut so many government jobs. The private sector has been hiring away.[/QUOTE]
Hiring away is an exaggeration, but the private sector has definitely been more robust than the public sector.
[QUOTE=Balla_Status]Doesn't bother me at all bub. I'll be dead/retired by then.
Plus I have an engineering degree. Wouldn't be hard to find another job.[/QUOTE]
well good for you having a plan in place for the future. its nice that we can both agree that solar will ultimately replace fossil fuels.
[QUOTE=rufuspaul]Should I be concerned that Starface is checking out Charlotte's Craigslist? :confusedshrug:[/QUOTE]
Maybe he's trying to get a job. It'd be a good first step.
[QUOTE=Balla_Status]Jobs are jobs. If you want sustainable jobs, I guess we should make prostitution legal.
And of course, not unlimited but a centuries worth of gas at least. Got anything more sustainable than that?[/QUOTE]
I agree with you here.
I feel the same way about construction workers. You'll here politicians shit on those as temporary jobs but to those people that is what they rely on. There are always roads to fix, buildings to repairs, bridges in need of maintenance etc etc. Just b/c they won't always live in the same place where that work is needed doesnt change that its honest to goodness work.
a job is a job. It does not matter if its technically temporary b/c w/o it they can't spend money and move the economy.