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Getbig Main Boards => Politics and Political Issues Board => Topic started by: andreisdaman on March 06, 2011, 03:31:06 PM
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Unemployment now under 9% and dropping...hiring by employers picking up.....the economy growing.....If unemployment goes below 7% Obama is a sure lock for re-election.....HOW DOES OBAMA'S BOOT IN YOUR ASS FEEL 3333???
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Ummm dude I hate to tell you but the REAL unemployment is 23 percent and also just WHAT jobs were created?
http://www.shtfplan.com/headline-news/the-real-unemployment-rate-215_07022010
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Unemployment now under 9% and dropping...hiring by employers picking up.....the economy growing.....If unemployment goes below 7% Obama is a sure lock for re-election.....HOW DOES OBAMA'S BOOT IN YOUR ASS FEEL 3333???
im posting here only so i am notified when 33 responds. this post is awful and moronic. not only is the economy getting worse by the day but the inaccurate way unemployment is calculated is being used to dupe idiots like yourself into actually believing the above.
fail... epic fail
(http://pic.epicfail.com/wp-content/uploads/2010/04/epic-fail-epic-thug-fail-gay-red-bandanas-wtf.jpg)
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under 29% yes
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Hahaha, what a dumb ass. This thread is one gigantic backfire. By the way, here are more accurate unemployment and underemployment statistics (i.e., not spoon-fed to you by the liar in the White House):
Gallup Finds U.S. Unemployment Hitting 10.3% in February
Underemployment surged to 19.9% in February from 18.9% at the end of January
by Dennis Jacobe, Chief Economist
PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.
(http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/6xgjxgzyxey_m7aup4ygxg.gif)
The percentage of part-time workers who want full-time work worsened considerably in February, increasing to 9.6% of the workforce from 9.1% at the end of January. A larger percentage of the U.S. workforce is working part time and wanting full-time work now than was the case a year ago (9.3%).
(http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/epjnskqookcuilwqdmyg6a.gif)
Underemployment Surges in February
Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%. This resulted from the combination of a sharp 0.5-point increase since the end of January in the percentage unemployed and a 0.5-point increase in the percentage working part time but wanting full-time work. Underemployment is now higher than it was at this point a year ago (19.7%).
(http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/jlunr1d_wko1j2bys_e9ew.gif)
Jobs Situation Deteriorates in February
There is essentially no difference between the unemployment rate now and the one at this time a year ago; January's rate, in contrast, showed a 1.1-percentage-point year-over-year improvement. This suggests that the real U.S. jobs situation worsened in February. That is, jobs are relatively less available now than in January.
In the broader underemployment picture, the situation is much the same. January's year-over-year improvement of 1.0 points became -0.2 points in February. In turn, this suggests job market conditions in terms of underemployment also worsened during February.
This deterioration in the jobs situation combined with surging gas prices, budget battles at the federal and state level, and declines on Wall Street tend to explain the recent plunge Gallup recorded in consumer confidence. They also align with the continued "new normal" spending patterns of early 2011. Although Gallup's Job Creation Index has improved over the past year and showed modest improvement in February, the improvement has not been significant enough to positively affect underemployment and unemployment.
Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate should be in the low 7% range by late 2012. If that is going to be the case, the job creation environment must change dramatically from what it is today.
http://www.gallup.com/poll/146453/Gallup-Finds-Unemployment-Hitting-February.aspx
Ha ha ha.
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The rate only went down because theytook out 700k from the labor pool. Using BLS's own number, the UE is at least 12.5%.
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When you correct for the fact that the labor force participation rate is at a 40 year low, the unemployement rate is really closer to 10%. That means its going to take a LONG time for it to get down to the 7% range as the labor force participation rate starts to rise again.
Granted, 193000 jobs is a good start; its not chopped liver; but we are going to need more than that each month to make a serious true dent in the unemployement rate.
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Unemployment now under 9% and dropping...hiring by employers picking up.....the economy growing.....If unemployment goes below 7% Obama is a sure lock for re-election.....HOW DOES OBAMA'S BOOT IN YOUR ASS FEEL 3333???
You're days late and dollars short, again. In the last two months, there have been a whopping 228,000 jobs added. Unemployment was 9.8 percent at the end of 2010.
Do you really think unemployment dropped nearly a point with less than 230,000 jobs in two months?
We all know the trick. They stop counting people after they've been unemployed too long. And, if there are fewer jobs available OVERALL, there are fewer jobs LOST. Hence, you have your bogus 8.9 percent unemployment.
NEXT!!
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We have spent TRILLIONS in debt financing and literally have nothing to show for it.
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You're days late and dollars short, again. In the last two months, there have been a whopping 228,000 jobs added. Unemployment was 9.8 percent at the end of 2010.
Do you really think unemployment dropped nearly a point with less than 230,000 jobs in two months?
We all know the trick. They stop counting people after they've been unemployed too long. And, if there are fewer jobs available OVERALL, there are fewer jobs LOST. Hence, you have your bogus 8.9 percent unemployment.
NEXT!!
BBBOOOMMMMM
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ZEROHEDGE completely debunked the BLS nonsense. I posted it already.
Its more nonsense for TK.
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ZEROHEDGE completely debunked the BLS nonsense. I posted it already.
Its more nonsense for TK.
Hey, you finally got the initials right!!
;D
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Hey, you finally got the initials right!!
;D
I can't wait to see Andreisatwat try to refute your post.
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I can't wait to see Andreisatwat try to refute your post.
First, he'll accuse me of having my brain altered, because of supplements I bought on clearance.
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First, he'll accuse me of having my brain altered, because of supplements I bought on clearance.
Seriously, your post is going to send him off the board for a few months.
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Unemployment now under 9% and dropping...hiring by employers picking up.....the economy growing.....If unemployment goes below 7% Obama is a sure lock for re-election.....HOW DOES OBAMA'S BOOT IN YOUR ASS FEEL 3333???
Unemployment was under 7% during the Bush years, and liberals wanted to have him SHOT!!
Yet, we're supposed to do the happy dance, if Obama gets them BACK DOWN to where it was WHEN HE TOOK OFFICE (especially with HALF the unemployed having been out of work for at least SIX MONTHS)???
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We know the con. But, the uneducated obamabot doesn't understand, nor do they bother to find the truth for themselves. Sad, but Obama might be able to pull the wool over the eyes of enough fools to get reelected.
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We know the con. But, the uneducated obamabot doesn't understand, nor do they bother to find the truth for themselves. Sad, but Obama might be able to pull the wool over the eyes of enough fools to get reelected.
" The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president".
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Andre is the type of person who would criticize anyone who believed anything that came out of the Bush White House. Who is the sheep now?
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Andre= sucking his thumb curled up in the fetal position saying over and over again between tears "Yes We Can, Yes We Can, Yes We Can!" and pretending that this thread never existed and that the rest of America is as stupid as he is.
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Seriously, your post is going to send him off the board for a few months.
Wow, that chart is DEVASTATING!!!! Even the recession that was closest to the amount of jobs lost in this recession atleast had a recovery far sooner and far sharper than this one!!!! This shows just how pathetic Obama is. He was in a perfect position to ride an economic rebound and take credit for it..... and HE BLEW IT!!!!!.
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U.S. applications for jobless benefits jump 26,000
Market Watch ^ | 03/10/2011 | Jeffry Bartash
New applications for state jobless benefits jumped by 26,000 last week to a seasonally adjusted 397,000, the Labor Department reported Thursday. Economists polled by MarketWatch had expected first-time claims to rise to a seasonally adjusted 378,000 from last week's upwardly revised level of 371,000.
(Excerpt) Read more at marketwatch.com ...
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January trade deficit jumps to $46.3 billion
Trade deficit widens to $46.3 billion in Jan.; foreign cars, oil prices cause imports to surge
..Martin Crutsinger, AP Economics Writer, On Thursday March 10, 2011, 11:08 am
WASHINGTON (AP) -- A surge in oil prices and rising demand for foreign cars and machinery helped push imports up at the fastest pace in 18 years in January, giving the country the largest trade deficit in six months.
The January deficit increased 15.1 percent to $46.3 billion, the Commerce Department said Thursday.
Exports rose 2.7 percent to an all-time high of $167.7 billion. But imports rose at nearly twice the pace of exports, to $214.1 billion. A big jump in demand for a variety of foreign goods from industrial machinery and telecommunications equipment to autos drove the increase. America's foreign oil bill rose 9.5 percent, underscoring concerns that higher oil prices could slow the economic growth.
A widening trade deficit hurts the U.S. economy. When imports outpace exports, more jobs go to foreign workers than to U.S. workers.
Some economists said they would lower their estimates for economic growth in the January-March quarter based on the wider deficit. But the rise in exports could also boost job growth.
China, which typically runs huge trade surpluses with the rest of the world, reported a surprise deficit of $7.3 billion for February. Higher prices for oil and other commodities pushed imports up 19.4 percent while its exports dropped 2.4 percent.
The export decline reflected the fact that Chinese businesses were idled for the weeklong Lunar New Year holiday. Analysts said the rare trade deficit for China was likely to be temporary and not the start of a trend.
The overall U.S. deficit in January would translate into an annual deficit of $556.1 billion. Last year's imbalance was $495.7 billion, which was 32.8 percent higher than in 2009 when a deep recession in this country had shrunk America's appetite for foreign goods.
Economists expect that this year's deficit will be essentially unchanged from 2010. However, they caution that the forecast could turn out to be too optimistic if oil prices, which have risen on political turmoil in Libya and other countries in the region, keep climbing.
For January, America's oil bill jumped 9.5 percent to $34.9 billion, the highest level since October 2008. The average price of imported crude oil rose to $84.34. In recent weeks, oil has been trading above $100 per barrel, so oil imports will likely be even higher in the February and March trade reports.
The rise in U.S. exports pushed them to a record high, surpassing the old mark of $165.7 billion set in July 2008 before the financial crisis. The export strength in January reflected strong sales of U.S. autos, industrial machinery, medical equipment and farm products including wheat.
America's deficit with Canada edged down 4.9 percent to $3.7 billion while the imbalance with the European Union dropped 15.3 percent to $5.6 billion. The U.S. deficit with Japan fell 15.6 percent to $5 billion.
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Andre is the type of person who would criticize anyone who believed anything that came out of the Bush White House. Who is the sheep now?
NOT TRUE...I was a Bush supporter actually..I hated how the left would savage him..just like the right is savaging Obama now....some characterize me as pro-Obama..but actually I am just pro-president..tired of people constantly criticizing our presidents even when they do good things
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You're days late and dollars short, again. In the last two months, there have been a whopping 228,000 jobs added. Unemployment was 9.8 percent at the end of 2010.
Do you really think unemployment dropped nearly a point with less than 230,000 jobs in two months?
We all know the trick. They stop counting people after they've been unemployed too long. And, if there are fewer jobs available OVERALL, there are fewer jobs LOST. Hence, you have your bogus 8.9 percent unemployment.
NEXT!!
McWay.....the way that the unemployment figures are counted are the way that they are counted.....they have always been counted this way...so why blame Obama for that?....wwhen the numbers skew his way, give him credit....because when they skew the other way. you guys savage him....
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Andre= sucking his thumb curled up in the fetal position saying over and over again between tears "Yes We Can, Yes We Can, Yes We Can!" and pretending that this thread never existed and that the rest of America is as stupid as he is.
no..it took me a long time to respond to this thread because I wasnt sure if I would respond due to one of the Mods altering the title of the thread...it was originally
OBAMA'S ASS-KICKING OF 3333 CONTINUES...unemployment under % and falling.....
it was meant to have some fun and tweak 3333 a little but the Mod changed the title.......really stupid....I don't think the thread title was offensive in any way
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First, he'll accuse me of having my brain altered, because of supplements I bought on clearance.
you know yourself so well
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NOT TRUE...I was a Bush supporter actually..I hated how the left would savage him..just like the right is savaging Obama now....some characterize me as pro-Obama..but actually I am just pro-president..tired of people constantly criticizing our presidents even when they do good things
Put the pipe down bro.
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Put the pipe down bro.
I got some PIPE to put down on you BRO
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I got some PIPE to put down on you BRO
I bet. :-X. >:(
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I bet. :-X. >:(
why not?..he wants it
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BAAAAAH! ONCE AGAIN, employment could be 1% easy. There are just a whole lot of people who don't want to take the jobs that are available. It's easier to be on welfare and take food stamps than pick fruit and dig ditches.
Eliminate UE benefits and watch UE fall drastically.
Most people who are on UE are on it for the ENTIRE duration. What does that tell you?
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BAAAAAH! ONCE AGAIN, employment could be 1% easy. There are just a whole lot of people who don't want to take the jobs that are available. It's easier to be on welfare and take food stamps than pick fruit and dig ditches.
Eliminate UE benefits and watch UE fall drastically.
Most people who are on UE are on it for the ENTIRE duration. What does that tell you?
Andre has a real job. He dresses up like the Wolfman and acosts people on the street with flyers to a 24 hour combo cell phone retailer and fried chicken resteraunt. He is doing the job that others won't. And because of that Andreisdaman is George Whorewell's great American of the day.
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Unemployment now under 9% and dropping...hiring by employers picking up.....the economy growing.....If unemployment goes below 7% Obama is a sure lock for re-election.....HOW DOES OBAMA'S BOOT IN YOUR ASS FEEL 3333???
Bump.
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Andre has a real job. He dresses up like the Wolfman and acosts people on the street with flyers to a 24 hour combo cell phone retailer and fried chicken resteraunt. He is doing the job that others won't. And because of that Andreisdaman is George Whorewell's great American of the day.
and just what kind of job does a "man" like you have????????????
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and just what kind of job does a "man" like you have????????????
So you do where the wolf man costume?
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So you do where the wolf man costume?
I actually wear a lawyer's costume :)
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I actually wear a lawyer's costume :)
So whose ass is getting kicked now Andre?
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1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus
Tuesday, June 14, 2011
By Matt Cover
http://cnsnews.com/news/article/after-28-months-stimulus-spending-19-mil
In this Nov. 4, 2010 photo, a sign turning away potential job-seekers is seen outside of a construction site in New Orleans. (AP Photo/Patrick Semansky)
(CNSNews.com) – Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.
In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.
While the number of people with jobs has increased slightly from its low point during the recession – 137.9 million in December 2009 – those 1.9 million jobs have been lost despite $800 billion in stimulus spending.
This does not mean that the economy is not creating jobs, but rather that it is not creating jobs fast enough to keep up with a combination of layoffs and people entering the job market for the first time.
In a Washington Post op-ed, former White House chief economist Larry Summers noted that the percentage of the population that has a job has not improved, even though the economy is technically in recovery.
“From the first quarter of 2006 to the first quarter of 2011, the U.S. economy’s growth rate averaged less than 1 percent a year,” Summers wrote. “The fraction of the population working remains almost exactly at its recession trough, and recent reports suggest that growth is slowing.”
White House chief economic advisor Larry Summers. (AP Photo/Mark Lennihan, File)
The fraction of the population with a job has in fact fallen in the 28 months since Congress passed the stimulus – down from 60.3 percent in February 2009 to 58.4 percent in May 2011.
The economy cannot create jobs fast enough to keep pace with layoffs and recent high school and college graduates seeking employment. If the trend continues, as Summers notes may happen, the economy will suffer further in the future as college graduates delay entry into the labor force, reducing their lifetime productivity.
“Beyond the lack of jobs and incomes, an economy producing below its potential for a prolonged interval sacrifices its future,” argued Summers. “Huge numbers of new college graduates are moving back in with their parents this month because they have no job or means of support.”
As both Summers and the BLS data make clear, the economy is not creating new jobs fast enough to make up for layoffs and new graduates, calling into question Obama’s oft-repeated claim that the economy is recovering and creating jobs.
In fact, by citing figures from the first quarter of 2006, Summers is understating the economy’s poor performance. According to BLS data, the number of people with jobs peaked at 146.6 million in November 2007, meaning that over the entire recession – which officially began in December 2007 – the number of people employed has fallen by 6.8 million.
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Stunner: NFP Up Just 18K, Unemployment Rate 9.2%, Household Survey Down 445K, Birth Death +131K
Zero Hedge ^ | July 8, 2011 | Tyler Durden
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Absolute disaster. Total jobs per the establishment survey: +18K on expectations of 105K, Private Jobs + 57K on expectations of 132K. Last month total was revised from 54K to 25K. Combined April and May revision down 44K. The household survey was down by 445K from 139,779 to 139,334. Birth death adjustment + 131K. Complete humiliation for Wall Street's economists, the lowest prediction of whom came Bob Brusca at +60K. From the NFP: "Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major private-sector industries changed little over the month. Government employment continued to trend down." It is time for Joe LaVorgna to retire, with his 175K forecast, or off by a factor of 972%.
Some key jobs categories:
Employment in government continued to trend down over the month (-39,000). Federal employment declined by 14,000 in June. Employment in both state government and local government continued to trend down over the month and has been falling since the second half of 2008.
Manufacturing employment changed little in June. Following gains totaling 164,000 between November 2010 and April 2011, employment in this industry has been flat for the past 2 months. In June, job gains in fabricated metal products (+8,000) were partially offset by a loss in wood products (-5,000).
Construction employment was essentially unchanged in June. After having fallen sharply during the 2007-09 period, employment in construction has shown little movement on net since early 2010.
There is no sugarcoating this report. Absolutely abysmal.
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HOPE & CHANGE!!!!