Unemployment Drops Below 8%, Conservatives Cry Conspiracy

[DonDadda59]

114K jobs added, continued growth in the private sector, unemployment drops to 7.8%...

[INDENT]Jobs report gives Obama much-needed boost
By KEN THOMAS, Associated Press

FAIRFAX, Va. (AP)

[DeuceWallaces]

Welcome to Mitt's nightmare.

Check foxnews.com front page right now. Cons shitting bricks.

[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...

[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.

[daily]

Great news. now only 4 million people lost jobs on Obama's watch

[TheMan]

[DonDadda59]

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.

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.

[Jailblazers7]

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.

[Real Men Wear Green]

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.

Somewhat true but it's always been done that way, including during Republican administrations.

[StroShow4]

Somewhat true but it's always been done that way, including during Republican administrations.

I was just pointing it out, not claiming it's something new.

[KevinNYC]

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.

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.

[stallionaire]

Republicans don't want the lower class and middle class to be at work. Now the stats prove it.

[Godzuki]

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...

considering its the same numbers they use to attack Obama, its laughable how now they're flawed numbers

[Bladers]

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.

Actually they do, and that number actually increased. unlike what romney said.

[JaggerCommaMick]

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.

It's amazing how when benefits reach their expiration date, suddenly people find work again.

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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.