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Bad News For People Who Hate Good News (economy added 243,000 jobs in January)

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ValuJet said:
What's the real number? I don't believe the Obama State Media will share that with us. Even if it exists. ;)
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Close to 11%. 15%+ U6 which includes underemployment and part-time looking for full time work. Gallup uses real numbers and does not seasonally adjust. Both parties use the seasonal adjustments and have for years to make things look rosier than they really are.
 
Funny how the great news that we evil Obama-haters were supposed to be so upset about ended up just like it was pointed out (possibly an aberration and not necessarily a trend) but its just "the natural rise and fall" now.
 
Bamaro said:
Anybody that expects any recovery to be continuous without any ups and downs is delusional.
I assume you left out a sarcastic emoticon to your statement "(I'm shocked they are allowed to release this)" .:rolleyes:
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I think it is much more accurate to say that you can't expect continued high unemployment not to fluctuate up and down. There is no sense in just chopping the numbers off at Dec/Jan and say "unemployment is dropping, we are clearly in a recovery!". Off the top of my head I can remember multiple instances over the past 3-4yrs where a decrease in unemployment has supposedly signaled the beginnings of recovery, only to have the numbers shoot up again after a few weeks. I am also pretty sure that unemployment is a lagging indicator of recovery, yet economic growth has pretty much held constant around/below 2% since forever. Looking at this one indicator is pretty useless, and all the trumpeting of decreasing unemployment numbers is just propoganda. Tell me when the number of ATMs begins to decrease, then we will know we are on the way to a full recovery.
 
MattinBama said:
Funny how the great news that we evil Obama-haters were supposed to be so upset about ended up just like it was pointed out (possibly an aberration and not necessarily a trend) but its just "the natural rise and fall" now.
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It has nothing to do with hating Obama. I don't like him or his ideology. I'm just staing facts. His record is horrible. Historically we should be growing at a much faster rate. This is anemic at best. Americans typically don't get jazzed about 8+ % unemployment and 1% growth a year.

Also, dropping the overall jobs isn't even a clever way to reduce the unemployment number. It works because most people are uninformed and have no idea how the admin. got the number in the first place.
 
This is how they are "dropping" the rate:

Say we have a town with 20 jobs and 20 people who want to work. Currently 15 people have jobs and 5 don't. Unemployment rate is 25%.

Let's say we just drop 2 of the formally available jobs. They no longer exist. 15 people with jobs 18 jobs available. Still have 5 without jobs that want to work. Unemployment rate is now 17% We had an 8% drop in unemployment. Yea!!! Did any of the unemployed get a job? Oh. Very sad but an encouraging sign of recovery right?
 
bamacon said:
This is how they are "dropping" the rate:

Say we have a town with 20 jobs and 20 people who want to work. Currently 15 people have jobs and 5 don't. Unemployment rate is 25%.

Let's say we just drop 2 of the formally available jobs. They no longer exist. 15 people with jobs 18 jobs available. Still have 5 without jobs that want to work. Unemployment rate is now 17% We had an 8% drop in unemployment. Yea!!! Did any of the unemployed get a job? Oh. Very sad but an encouraging sign of recovery right?
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I don't think unfilled open positions have anything to do with the way unemployment is calculated. Could you be thinking of unemployed people who have given up looking for work?
 
bamacon said:
This is how they are "dropping" the rate:

Say we have a town with 20 jobs and 20 people who want to work. Currently 15 people have jobs and 5 don't. Unemployment rate is 25%.

Let's say we just drop 2 of the formally available jobs. They no longer exist. 15 people with jobs 18 jobs available. Still have 5 without jobs that want to work. Unemployment rate is now 17% We had an 8% drop in unemployment. Yea!!! Did any of the unemployed get a job? Oh. Very sad but an encouraging sign of recovery right?
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:conf2:
 
cbi1972 said:
I don't think unfilled open positions have anything to do with the way unemployment is calculated. Could you be thinking of unemployed people who have given up looking for work?
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Probably explained it bad. The overall universe of jobs is dropping. Something like 4 million jobs have disappeared (1.7 last year alone). They drop the overall number of people looking as well. Once the 99ers run out of unemployment they are dropped as you said. Either way the number of people working is not going up but the unemployment rate is going down. This admin. is using both techniques at the same time.
 
bamacon said:
Probably explained it bad. The overall universe of jobs is dropping. Something like 4 million jobs have disappeared (1.7 last year alone). They drop the overall number of people looking as well. Once the 99ers run out of unemployment they are dropped as you said. Either way the number of people working is not going up but the unemployment rate is going down. This admin. is using both techniques at the same time.
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I still don't see how fewer available jobs is reducing unemployment figures.
 
cbi1972 said:
I still don't see how fewer available jobs is reducing unemployment figures.
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Its just math. The number of people out of work remains the same, but the number of available jobs decreases, resulting in a lower unemployment percentage. The exact same amount of people are still out of work, but shrinking of the job market effectively vaporizes some of those people, mathematically (because there is no longer a job for them to fill). You can't be unemployed for a job that doesn't exist.

I think bamacon is also saying that Obama is taking the resulting decreased unemployment % of a shrinking jobs market while at the same time counting those who were kicked off of unemployment/quit looking as if they were employed.

hope that helped
 
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It's On A Slab said:
In other news, Dow crosses 13000 mark for first time since 2008.

http://www.washingtonpost.com/natio...-nears-13000/2012/02/21/gIQArDW4QR_story.html

Rackin-frackin-grumble-grumble-socialist-Marslem-glass-half-empty-all-the-time-Tea-Party-Marslems-Real-Murcans. :)
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if it wasn't for hussein obammy and his radical marxist policies destroying the very foundations upon which our once great country was built, the stock market would be at eleventy billion today. he has greatly underperformed.
 
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