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Getbig Main Boards => Politics and Political Issues Board => Topic started by: andreisdaman on April 01, 2011, 06:16:55 AM
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Sorry 3333, the ass-kicking continues....pull down your pants and take it like a man...216,000 jobs created last month....unemployment now down to 8.8%...recovery in full swing....re-election here we come!!!!...Palin's poll numbers are sinking faster than the Titanic....how much more of a whipping can you take????
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Oh lord. Have you ever heard of the Birth/Death index you fool?
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*popcorn*
I give it 7 posts before it's a "Trump is right about the birth cert" thread.
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April 1, 2010
Underemployment Rises to 20.3% in March
Unemployment saw a slight but insignificant declineby Jenny Marlar
WASHINGTON, D.C. -- Gallup Daily tracking finds that 20.3% of the U.S. workforce was underemployed in March -- a slight uptick from the relatively flat January and February numbers.
"The underemployed in March became neither more nor less hopeful about finding work soon."These results are based on March interviews with more than 20,000 adults in the U.S. workforce, aged 18 and older. Gallup classifies respondents as underemployed if they are unemployed or working part-time but wanting full-time work. Gallup employment data are not seasonally adjusted.
A rise in the percentage of part-timers wanting to work full time (from 9.2% to 9.9%) is responsible for the March increase in underemployment. Unemployment saw a slight, but insignificant, decline in March.
Underemployed Americans Still Not Hopeful
Despite the Obama administration's March 16 announcement that unemployment would remain high or increase in coming months, the underemployed in March became neither more nor less hopeful about finding work soon. Six in 10 underemployed Americans are not hopeful they will find work or move from part-time to full-time work in the next four weeks. That translates to 12% of the workforce that is both underemployed and not hopeful they will find their desired amount of work. The lack of change suggests that underemployed Americans anticipated long-term difficulties in finding work well before the administration's formal announcement was made.
Bottom Line
As unemployed Americans find part-time, temporary, and seasonal work, the official unemployment rate could decline. However, this does not necessarily mean more Americans are working at their desired capacity. It will continue to be important to track underemployment -- to shed light on the true state of the U.S. workforce, and the millions of Americans who are searching for full-time employment.
Survey Methods
Results are based on telephone interviews with a random sample of 20,504 national adults, who are part of the workforce, aged 18 and older, conducted March 1-31, 2010. For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±1 percentage points.
For results based on the sample of 4,164 adults who were underemployed in March, the maximum margin of sampling error is ±2 percentage points.
Interviews are conducted with respondents on landline telephones (for respondents with a landline telephone) and cellular phones (for respondents who are cell-phone only).
In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.
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*popcorn*
I give it 7 posts before it's a "Trump is right about the birth cert" thread.
hahahah..good one!..I agree...3333 turns every thread into a Trump appreciation thread
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hahahah..good one!..I agree...3333 turns every thread into a Trump appreciation thread
Yeah, because he is exposing the fraud your messiah is.
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Is the unemployment down or not ???
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Yeah, because he is exposing the fraud your messiah is.
Obama has his foot planted squarely in your ass, 3333...and the other foot is in Sarah Palin's ass as well!!!
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http://www.zerohedge.com/article/labor-force-participation-rate-remains-25-year-low-642 (http://www.zerohedge.com/article/labor-force-participation-rate-remains-25-year-low-642)
Again, if one bothers to look beyond the headline number and dig just a tad bit deeper it seems that it isn't all that rosy.
Birth/Death Adj. - 117,000. :-\
Labor Force Participation Rate - 64.2% All Time 25 Year Low.
Ah, the wonders one can achieve when you simply stop counting a few million unemployed people. Amazing stuff!
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/bernanke/LFP%20March_0.jpg)
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;D
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Thats the way its always been done...nobody complained about it before...now that the numbers make Obama look good, now the complaints come out and people begin posting graphs.....unbelievable!
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Again is the unemployment up or down ???
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Again is the unemployment up or down ???
8.8%
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;)
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wwwzerohedge.com
Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjusment: +117,000
Submitted by Tyler Durden on 04/01/2011 08:42 -0400
March update: civilian noninstitutional population: 239.0 million; Civillian labor force: 153,406, Employed 139,864, Unemployet 13,542. Americans not in Labor Force: 85,594. Which means that the Labor Force Participation rate continues to be at a 25 year low of 64.2%. And Birth Death adds another 117,000.
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Sorry 3333, the ass-kicking continues....pull down your pants and take it like a man...216,000 jobs created last month....unemployment now down to 8.8%...recovery in full swing....re-election here we come!!!!...Palin's poll numbers are sinking faster than the Titanic....how much more of a whipping can you take????
You don't understand how they come up with these bullshit numbers. I'll post some other number fudging techniques later today. What a joke. Keep dreaming though.
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Oh my, did this thread backfire on the Obama sheeple. And to ice this cake:
Gallup Finds U.S. Unemployment Rate at 10.0% in March
PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, was 10.0% in March -- down from 10.2% in mid-March and 10.3% at the end of February, but above the 9.8% at the end of January. U.S. unemployment was 10.4% at the end of March a year ago.
(http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/c_gzqgpsokab3yrljcrkma.gif)
The percentage of part-time workers who want full-time work was 9.3% at the end of March -- down from 9.7% in mid-March and 9.6% in both February measurements. The current percentage remains higher than the 9.1% at the end of January but lower than the 10.0% of a year ago.
(http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/f8-vhjotru66e4obfscg5g.gif)
Underemployment Declines in March
Underemployment combines part-time workers wanting full-time work with those who are unemployed. Both groups' readings fell in March; consequently, underemployment also fell, to 19.3% from 19.9% in mid-March and at the end of February. Underemployment was more than a full percentage point higher one year ago.
(http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/avtsz86mo0-5ulpkyufhkg.gif)
Implications
ADP on Wednesday reported that U.S. private-sector jobs increased by 201,000 in March -- the third consecutive month at this level of job growth. At the same time, Challenger, Gray & Christmas showed a sharp decline in March U.S. layoffs compared with last year. All of this is consistent with Gallup's Job Creation Index, which has shown slightly more jobs being created and comparatively low layoffs during the first quarter of 2011.
However, contrary to the federal government's recent job reports, Gallup's unemployment and underemployment measures suggest that recent job increases have not been sufficient to significantly improve the jobs situation so far in 2011. Although both of Gallup's measures were marginally better in March, they remain higher now than they were in January.
The March improvement in the jobs situation compared with February may be partly the result of seasonal hiring patterns, with companies increasing their hiring at this time of year. However, the 2010 jobs situation didn't show substantial improvement until the second half of April. Regardless, the decline in the underemployment rate year-over-year is consistent with a cautious hiring approach in which employers avoid layoffs while taking on more part-time workers and limiting their hiring of full-time employees.
Despite the March uptick, Gallup's view of the U.S. jobs situation remains substantially less optimistic than the government's recent unemployment report might suggest. Added to this, late March Gallup Daily tracking results show a continuing decline in economic optimism, a pullback in consumer spending, and a drop in Gallup's Job Creation Index. This suggests that recent behavior on Main Street does not reflect the government's rosier assessment. It also implies that the recent marginal improvement Gallup finds may be more temporary than one might hope.
http://www.gallup.com/poll/146900/Gallup-Finds-Unemployment-Rate-March.aspx
8.8%. ::)
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More smoke and mirrors, funny but I don't see anyone being hired where I work as a matter of fact about 25 people just got let go. But I'm sure its comforting to them to know how "Obama is kicking 3333's ass" ::)
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More smoke and mirrors, funny but I don't see anyone being hired where I work as a matter of fact about 25 people just got let go. But I'm sure its comforting to them to know how "Obama is kicking 3333's ass" ::)
tell them to read the thread
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More smoke and mirrors, funny but I don't see anyone being hired where I work as a matter of fact about 25 people just got let go. But I'm sure its comforting to them to know how "Obama is kicking 3333's ass" ::)
Sad when they're more obsessed with owning 333 than they are with the economy. :-\
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Is the unemployment down or not ???
It is down..don't believe the stupid graphs and birth/death nonsense......we are talking about measuring the statistics the way THEY HAVE ALWAYS BEEN MEASURED by the government...not the way others on here WOULD LIKE FOR THEM TO BE MEASURED TO SUIT THEIR THINKING.....
216,000 jobs created.....unemployment down to 8.8%....case closed
of course now you will start getting the posts that the government is lying and covering up for Obama and Obama is manipulating the numbers, etc etc etc...here it comes....wait for it in 3...2....1...
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Sad when they're more obsessed with owning 333 than they are with the economy. :-\
sad that 3333 pulls out his Berzerk Fury gimmick again
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It is down..don't believe the stupid graphs and birth/death nonsense......we are talking about measuring the statistics the way THEY HAVE ALWAYS BEEN MEASURED by the government...not the way others on here WOULD LIKE FOR THEM TO BE MEASURED TO SUIT THEIR THINKING.....
216,000 jobs created.....unemployment down to 8.8%....case closed
of course now you will start getting the posts that the government is lying and covering up for Obama and Obama is manipulating the numbers, etc etc etc...here it comes....wait for it in 3...2....1...
Yes and the government always tells the truth ::)
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Yes and the government always tells the truth ::)
well...whose truth should we believe???...the government??...or yours???
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With the US governments track record on telling the "truth", I'll stick with my own research
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With the US governments track record on telling the "truth", I'll stick with my own research
I told you guys that the posts would start that the government was lying....MELTDOWN beginning....I know my foes all too well
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It is down..don't believe the stupid graphs and birth/death nonsense......we are talking about measuring the statistics the way THEY HAVE ALWAYS BEEN MEASURED by the government...not the way others on here WOULD LIKE FOR THEM TO BE MEASURED TO SUIT THEIR THINKING.....
216,000 jobs created.....unemployment down to 8.8%....case closed
of course now you will start getting the posts that the government is lying and covering up for Obama and Obama is manipulating the numbers, etc etc etc...here it comes....wait for it in 3...2....1...
This is too funny. Yeah, don't believe the numbers and statistics, the actual way the numbers are compiled...those aren't important! Just look at the number that the government puts out and believe that all is well! Don't bother looking beyond some headline gimmick! If that is the basis for standards of "Obama Good/Obama Bad" than that's some pretty weak standards.
So it isn't important that the labor force has shrunk to historic lows thus shrinking the available pool of labor?
It's not important that these numbers don't include those that have fallen off of the 99 week U.E. insurance? A number that is in the millions?
Not important that the number doesn't include those that have "stopped looking for work"?
important that the B/D model added 117,000 jobs that may or may not exist?
Underemployment is at 20%?
Just saying that we should all acknowledge the bullshit and farcical numbers just because "that's the way it's always been done" doesn't vindicate them or this Administration or the propaganda outlets either. It works both ways.
Just saying.
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well...whose truth should we believe???...the government??...or yours???
No, believe the numbers. Everything is there for you to see in plain sight, you just have to get past the BIG BOLD PRINT and look a little deeper. Look at how the numbers were compiled, what the participation rate is, what Underemployment, what U-3 and U-6 is, what type of jobs were created, the B/D model and who wasn't even counted.
That's all I'm asking.
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No, believe the numbers. Everything is there for you to see in plain sight, you just have to get past the BIG BOLD PRINT and look a little deeper. Look at how the numbers were compiled, what the participation rate is, what Underemployment, what U-3 and U-6 is, what type of jobs were created, the B/D model and who wasn't even counted.
That's all I'm asking.
Everybodys got their numbers and can manipulate them anyway they see fit...my point is the government numbers have been good for a hundred years,,,but..now that they benefit Obama, they are crap and shouldn't be trusted....
How funny that they were trusted by you guys when unemployment was at 10% and over...you guys sure used THOSE numbers to criticize Obama's handling of the economy..
CAN'T YOU GUYS SEE YOUR OWN CONTRADICTIONS???..ARE YOU GUYS THAT MENTALLY ILL????
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I told you guys that the posts would start that the government was lying....MELTDOWN beginning....I know my foes all too well
The only one melting down is you, if you want to believe the government feel free. And I am free to look at the numbers and come to my own conclusion
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The only one melting down is you, if you want to believe the government feel free. And I am free to look at the numbers and come to my own conclusion
and funny how that conclusion is ALWAYS anti-Obama
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Everybodys got their numbers and can manipulate them anyway they see fit...my point is the government numbers have been good for a hundred years,,,but..now that they benefit Obama, they are crap and shouldn't be trusted....
How funny that they were trusted by you guys when unemployment was at 10% and over...you guys sure used THOSE numbers to criticize Obama's handling of the economy..
CAN'T YOU GUYS SEE YOUR OWN CONTRADICTIONS???..ARE YOU GUYS THAT MENTALLY ILL????
"Government numbers have been good for a hundred years" ??? :-\
"We" aren't manipulating anything, the numbers are all there from the BLS. I just listed a bunch, take a look at them.
I'm not sure what the point of your thread is. But it's built on a foundation of sand.
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and funny how that conclusion is ALWAYS anti-Obama
It's no secret I don't like Obama, he's from my state. It is not anti-Obama it is anti-government, they are all full of shit. We get some lip service but behind closed doors they all think we are stupid. Get people fighting over stupid shit, and that same stupid shit is the only thing that separates the two parties. The POTUS only has the ability to guide policy, and he changes every 4 to 8 years, yet we have the same people in congress for decades. They control the money and present the budgets, we can point the finger at the POTUS all we want. Congress laughs at us.
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It's no secret I don't like Obama, he's from my state. It is not anti-Obama it is anti-government, they are all full of shit. We get some lip service but behind closed doors they all think we are stupid. Get people fighting over stupid shit, and that same stupid shit is the only thing that separates the two parties. The POTUS only has the ability to guide policy, and he changes every 4 to 8 years, yet we have the same people in congress for decades. They control the money and present the budgets, we can point the finger at the POTUS all we want. Congress laughs at us.
Just a question,.,,,did you feel the same about bush?
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Everybodys got their numbers and can manipulate them anyway they see fit...my point is the government numbers have been good for a hundred years,,,but..now that they benefit Obama, they are crap and shouldn't be trusted....
How funny that they were trusted by you guys when unemployment was at 10% and over...you guys sure used THOSE numbers to criticize Obama's handling of the economy..
CAN'T YOU GUYS SEE YOUR OWN CONTRADICTIONS???..ARE YOU GUYS THAT MENTALLY ILL????
You are pretty stupid. Even when the governement was claiming 10%, I was stating that it had to be double that amount. And I wasn't the only one. There were others. So stop generalizing. There were people here who, UNLIKE YOU, know better.
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Just a question,.,,,did you feel the same about bush?
Not sure what you mean.
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and funny how that conclusion is ALWAYS anti-Obama
Exactly the same way that the left was anti-Bush from 2004 to 2008.
Or are you going to sit there and actually claim that YOU never blamed Bush for the economy. Eventhough, by the same government figures that you take to heart the UE under his watch never reached 8%.
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Not sure what you mean.
Were you anti Government when Bush was in office.. or were you just anti dem majority in congress and pleased with Bush?
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Were you anti Government when Bush was in office.. or were you just anti dem majority in congress and pleased with Bush?
YES! I hated Bush, and still do.
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YES! I hated Bush, and still do.
im not talking to you.. i dont care about your opinion.. you thought sara palin would be a good choice to run the country... you have totally owned yourself and will never be taken serious by someone with an IQ over that of a dumbbell
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Were you anti Government when Bush was in office.. or were you just anti dem majority in congress and pleased with Bush?
Bush was an idiot, the patriot act and all the other unconstitutional shit congress approved is a disgrace. One party control is a recipe for disaster, we saw it with the Repubs and we saw it with the Dems. Of course the parties are so similar these days not sure it really matters much anymore.
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Bush was an idiot, the patriot act and all the other unconstitutional shit congress approved is a disgrace. One party control is a recipe for disaster, we saw it with the Repubs and we saw it with the Dems. Of course the parties are so similar these days not sure it really matters much anymore.
you are right about that.. come to think of it i dont see you on here with that LIB DEM shit..
and to tell the truth.. Other than No child left behind and the patriot act (which is still the scariest piece of legislation in the history of America) Bush Didnt really do shit.. well the wars were bad...but hey.. was is good for the economy right.
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im not talking to you.. i dont care about your opinion.. you thought sara palin would be a good choice to run the country... you have totally owned yourself and will never be taken serious by someone with an IQ over that of a dumbbell
Coming from an obama dildo like yourself, and someone who thought that a radial communist sleepr cell marxist like obama would do a good job, the irony of your statement is noted.
Fool.
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Coming from an obama dildo like yourself, and someone who thought that a radial communist sleepr cell marxist like obama would do a good job, the irony of your statement is noted.
Fool.
for real.. all that.. thats why no one takes your monkey ass serious. The two people your stupid ass worship are Sara Palin and Donald Trump.. for President.. and im not sure thats hyperbole..dude just go in and reflect on that a while.. think about that.. then come back and ill accept your apology
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for real.. all that.. thats why no one takes your monkey ass serious. The two people your stupid ass worship are Sara Palin and Donald Trump.. for President.. and im not sure thats hyperbole..dude just go in and reflect on that a while.. think about that.. then come back and ill accept your apology
I dont worship politicians, that is relegated to Barry's cult who called him "The One", etcetc.
And yes, Palin would be far better than Obama.
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I dont worship politicians, that is relegated to Barry's cult who called him "The One", etcetc.
And yes, Palin would be far better than Obama.
really.. you dont worship politicians..
**********THE OFFICIAL SARA PALIN APPRECIATION THREAD*********
Bro i can do this all day.. wait.. i gotta take a piss..brb
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you are right about that.. come to think of it i dont see you on here with that LIB DEM shit..
and to tell the truth.. Other than No child left behind and the patriot act (which is still the scariest piece of legislation in the history of America) Bush Didnt really do shit.. well the wars were bad...but hey.. was is good for the economy right.
No child left behind, more BS concocted by congress because they created an alphabet agency that has failed the youth of this nation for decades.
Patriot Act - Unconstitutional abomination that gives the Federal Government carte blanch to do unethical shit.
Afghanistan - that's where Al Queda was, Iraq - stupid, if we are going to fight wars do so to win, not nation build.
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Appreciation is not worshipping any body. I also have Allen west thread- do I worship him?
and yes - Palin would bre light years better than the asshole obama you voted for.
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Everybodys got their numbers and can manipulate them anyway they see fit...my point is the government numbers have been good for a hundred years,,,but..now that they benefit Obama, they are crap and shouldn't be trusted....
How funny that they were trusted by you guys when unemployment was at 10% and over...you guys sure used THOSE numbers to criticize Obama's handling of the economy..
CAN'T YOU GUYS SEE YOUR OWN CONTRADICTIONS???..ARE YOU GUYS THAT MENTALLY ILL????
Hey idiot - it's been a standard in this forum for years to dive beyond the surface the published UE numbers. If you actually took the time to read and understand what's going on instead of always trying to up 33 with a "gotcha" moment, maybe so many threads wouldn't completely backfire on you.
And you also never responded to my response to how the fuck a Mets fan can complain about how the Yankees "buy" championships, when they're the ones who set the ridiculous market for elite SP with the Santana deal.
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Coming from an obama dildo like yourself, and someone who thought that a radial communist sleepr cell marxist like obama would do a good job, the irony of your statement is noted.
Fool.
LOL!!
The funny thing is he goes around asking others if that is how they felt about the Bush.
Who is he kidding? He knows damn well that he was acting the fool during the Bush presidency. He blamed Bush for everything. From Katrina to the high gas prices to 911. He bought into Kanye West's rhetoric that "Bush doesn't care about Blacks." Bush couldn't catch a break in his last 4 years. Every time you turned the TV on, went to internet, opened a newspaper or magazine, Bush was railed against. Now, reading some of these posts, there is an attempt at revising history. Democrats/liberals want us to believe that they were not so hard on Bush. Why? Because now, there is a Democrat in the oval office and NOTHING, ABSOLUTELY NOTHING IS BETTER!
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wwwzerohedge.com
Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjusment: +117,000
Submitted by Tyler Durden on 04/01/2011 08:42 -0400
March update: civilian noninstitutional population: 239.0 million; Civillian labor force: 153,406, Employed 139,864, Unemployet 13,542. Americans not in Labor Force: 85,594. Which means that the Labor Force Participation rate continues to be at a 25 year low of 64.2%. And Birth Death adds another 117,000.
Just like i we were saying a few months ago....The official unemployment rate would continue to decline...However, the LFPR would continue to all time lows...
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It's no secret I don't like Obama, he's from my state. It is not anti-Obama it is anti-government, they are all full of shit. We get some lip service but behind closed doors they all think we are stupid. Get people fighting over stupid shit, and that same stupid shit is the only thing that separates the two parties. The POTUS only has the ability to guide policy, and he changes every 4 to 8 years, yet we have the same people in congress for decades. They control the money and present the budgets, we can point the finger at the POTUS all we want. Congress laughs at us.
very good post and I agree with this....makes sense...my point is that you are stuck in your thinking and won't see the other side...I understand the anti-government thing, but on the other hand you have to acknowledge that the government tries to do the right thing and that our system of government is probably as good as its going to get......would you prefer communism?..socialism?...facism?.a monarchy?...yes our government can be messy but its all we have....lets be more open-minded and balanced..not everything Obama does is bad and he IS trying to do the right thing.....as he sees it...he's not some evil guy trying to destroy the country
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You are pretty stupid. Even when the governement was claiming 10%, I was stating that it had to be double that amount. And I wasn't the only one. There were others. So stop generalizing. There were people here who, UNLIKE YOU, know better.
why did it have to be double???..because YOU said so???..why couldn't it have been less???..because then it wouldn't fit into your limited thinking???
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Were you anti Government when Bush was in office.. or were you just anti dem majority in congress and pleased with Bush?
I was a Bush supporter.....I am pro-government.....I will support almost any president who is in power as long as I feel his heart is in the right place and he is trying to do the right thing..
Like Bush's drug prescription plan for seniors...yes it cost a ton of money but I understood that Bush was trying to help seniors out..many were against this
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very good post and I agree with this....makes sense...my point is that you are stuck in your thinking and won't see the other side...I understand the anti-government thing, but on the other hand you have to acknowledge that the government tries to do the right thing and that our system of government is probably as good as its going to get......would you prefer communism?..socialism?...facism?.a monarchy?...yes our government can be messy but its all we have....lets be more open-minded and balanced..not everything Obama does is bad and he IS trying to do the right thing.....as he sees it...he's not some evil guy trying to destroy the country
The constitution lays out the best form of government, we don't have a government that follows the constitution. There was a time when I would agree that the government at least tried to do the right thing, that time has long since passed. Politicians are self serving sociopaths that only care about retaining power and wealth, they don't care about you and they don't care about me.
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Hey idiot - it's been a standard in this forum for years to dive beyond the surface the published UE numbers. If you actually took the time to read and understand what's going on instead of always trying to up 33 with a "gotcha" moment, maybe so many threads wouldn't completely backfire on you.
And you also never responded to my response to how the fuck a Mets fan can complain about how the Yankees "buy" championships, when they're the ones who set the ridiculous market for elite SP with the Santana deal.
where's the backfire???..because you say that doesn't mean its true......and no one tries harder at "gotcha" than 3333...with his endless cut and pastes from right wing bloggers and ultra conservative on-line periodicals
However I apologize for not answering your met/yankee comment....I will try and find the thread and respond to your query as soon a possible.
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Hey andre - why not give credit to Boehner and the Tea Party?
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Hey andre - why not give credit to Boehner and the Tea Party?
For???
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For???
Because by stopping Obama dead in his tracks on cap & trade and a lot of the other WTF policies, maybe businesses feel a little safer in hiring people.
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This thread is fucking embarrassing.
"Don't believe the numbers, believe what Obama tells you!!!!"
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This thread is fucking embarrassing.
"Don't believe the numbers, believe what Obama tells you!!!!"
APRIL FOOLS!!!!!!!!!!!!!!!!!!!!!!!
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APRIL FOOLS!!!!!!!!!!!!!!!!!!!!!!!
;D
I can picture the smug, shit-eating grin andre had on his face face as he typed up this thread. Brutal backfire.
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;D
I can picture the smug, shit-eating grin andre had on his face face as he typed up this thread. Brutal backfire.
To, the Labor Participation Rate is the real number we need to look at.
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To, the Labor Participation Rate is the real number we need to look at.
I'm also more inclined to believe a non-partisan organization like Gallup's numbers than the govt. And their numbers say the Obama regime is full of shit...as usual.
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Cnn just reported good employment number...No mention of the real story of course of course.
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Cnn just reported good employment number...No mention of the real story of course of course.
Its all about kneepadding Obama 24/7. When you look through that lens as far as the media goes, its no wonder why cabe news is such a wortheless joke.
and why dont they credit Boehner and the GOP at all since they shut obama's wild policies dead in their tracks for the time being?
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Its all about kneepadding Obama 24/7. When you look through that lens as far as the media goes, its no wonder why cabe news is such a wortheless joke.
and why dont they credit Boehner and the GOP at all since they shut obama's wild policies dead in their tracks for the time being?
I guess mainstream media is for people like Andreistheman. Who accept everything at face value.
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http://online.wsj.com/article/SB10001424052748704050204576219073867182108.html
This begs the question what would the employment rate be if the government hadn't grown so god damn muthafucking big?
If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.
It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?
Every state in America today except for two—Indiana and Wisconsin—has more government workers on the payroll than people manufacturing industrial goods. Consider California, which has the highest budget deficit in the history of the states. The not-so Golden State now has an incredible 2.4 million government employees—twice as many as people at work in manufacturing. New Jersey has just under two-and-a-half as many government employees as manufacturers. Florida's ratio is more than 3 to 1. So is New York's.
Even Michigan, at one time the auto capital of the world, and Pennsylvania, once the steel capital, have more government bureaucrats than people making things. The leaders in government hiring are Wyoming and New Mexico, which have hired more than six government workers for every manufacturing worker.
Now it is certainly true that many states have not typically been home to traditional manufacturing operations. Iowa and Nebraska are farm states, for example. But in those states, there are at least five times more government workers than farmers. West Virginia is the mining capital of the world, yet it has at least three times more government workers than miners. New York is the financial capital of the world—at least for now. That sector employs roughly 670,000 New Yorkers. That's less than half of the state's 1.48 million government employees.
View Full Image
ImageZoo/Corbis
Don't expect a reversal of this trend anytime soon. Surveys of college graduates are finding that more and more of our top minds want to work for the government. Why? Because in recent years only government agencies have been hiring, and because the offer of near lifetime security is highly valued in these times of economic turbulence. When 23-year-olds aren't willing to take career risks, we have a real problem on our hands. Sadly, we could end up with a generation of Americans who want to work at the Department of Motor Vehicles.
The employment trends described here are explained in part by hugely beneficial productivity improvements in such traditional industries as farming, manufacturing, financial services and telecommunications. These produce far more output per worker than in the past. The typical farmer, for example, is today at least three times more productive than in 1950.
Where are the productivity gains in government? Consider a core function of state and local governments: schools. Over the period 1970-2005, school spending per pupil, adjusted for inflation, doubled, while standardized achievement test scores were flat. Over roughly that same time period, public-school employment doubled per student, according to a study by researchers at the University of Washington. That is what economists call negative productivity.
But education is an industry where we measure performance backwards: We gauge school performance not by outputs, but by inputs. If quality falls, we say we didn't pay teachers enough or we need smaller class sizes or newer schools. If education had undergone the same productivity revolution that manufacturing has, we would have half as many educators, smaller school budgets, and higher graduation rates and test scores.
The same is true of almost all other government services. Mass transit spends more and more every year and yet a much smaller share of Americans use trains and buses today than in past decades. One way that private companies spur productivity is by firing underperforming employees and rewarding excellence. In government employment, tenure for teachers and near lifetime employment for other civil servants shields workers from this basic system of reward and punishment. It is a system that breeds mediocrity, which is what we've gotten.
Most reasonable steps to restrain public-sector employment costs are smothered by the unions. Study after study has shown that states and cities could shave 20% to 40% off the cost of many services—fire fighting, public transportation, garbage collection, administrative functions, even prison operations—through competitive contracting to private providers. But unions have blocked many of those efforts. Public employees maintain that they are underpaid relative to equally qualified private-sector workers, yet they are deathly afraid of competitive bidding for government services.
President Obama says we have to retool our economy to "win the future." The only way to do that is to grow the economy that makes things, not the sector that takes things.
Mr. Moore is senior economics writer for The Wall Street Journal editorial page.
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The WSJ is one of the few MSM organizations I like. They seem to keep it the most unbiased, at least.
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Explain this - we have have 4 weeks of around 375,000 UE claims, so thats roughly 1.2 million claims in the month. Participation rate going down, birth death model adding 117000 of these jobs, and we are supposed to think this is good?
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Explain this - we have have 4 weeks of around 375,000 UE claims, so thats roughly 1.2 million claims in the month. Participation rate going down, birth death model adding 117000 of these jobs, and we are supposed to think this is good?
CNN said it was blow-out...
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CNN said it was blow-out...
;D ;D
More like a blow job - from them to obama.
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Because by stopping Obama dead in his tracks on cap & trade and a lot of the other WTF policies, maybe businesses feel a little safer in hiring people.
hahahha.....suuureee..wh y didn't you give Boehner credit when he said that Obama is a citizen and handled the Egyptian crisis correctly??? ...you and others called him a bum with no credibility then....now he's great because he did something you agree with???..
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This thread is fucking embarrassing.
"Don't believe the numbers, believe what Obama tells you!!!!"
I never said believe what Obama tells you...I said believe what the government agency who handles these unemployment statistics tells you....big difference..your anti-Obama- at- any- cost- agenda shows itself again :o
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Its all about kneepadding Obama 24/7. When you look through that lens as far as the media goes, its no wonder why cabe news is such a wortheless joke.
and why dont they credit Boehner and the GOP at all since they shut obama's wild policies dead in their tracks for the time being?
again...you and other conservatives on here hated Boehner a few weeks ago and said he had no credibility when I started the "Boehner says Obama a citizen and handled Egypt correctly" thread...remember that???
MY GOD......THE HYPOCRISY
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Cnn just reported good employment number...No mention of the real story of course of course.
and who has more credibility??? CNN or you guys???......you guys continue to display logic that flies in the face of the facts
THE ASS-KICKING CONTINUES!!!!!!!
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and who has more credibility??? CNN or you guys???......you guys continue to display logic that flies in the face of the facts
Please give reasons why CNN has credibility. Base it on something other than "they're on TV".
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Please give reasons why CNN has credibility. Base it on something other than "they're on TV".
I'm going to assume that this is a joke question..If I truly have to answer that then you are crazier than I thought..
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Whew!!!..After kicking you guys asses this morning, I'm going to take a break and go to the gym..something I'm sure you guys never do! ;D
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Whew!!!..After kicking you guys asses this morning, I'm going to take a break and go to the gym..something I'm sure you guys never do! ;D
What was the highest level of education you have received here in the united states?
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What was the highest level of education you have received here in the united states?
Like the other 90% of Getbiggers: GED.
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What was the highest level of education you have received here in the united states?
He claims he is math teacher or something like that.
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I'm going to assume that this is a joke question..If I truly have to answer that then you are crazier than I thought..
In other words, you can't answer it.
You just drew another parallel that suggests you take everything at face value.
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What was the highest level of education you have received here in the united states?
I have a Master's Degree in Clinical and Administrative Social Work and I am working on my second Master's Degree in Clinical Psychology..I am employed as a School Social Worker and Math Teacher...yourself?
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I have a Master's Degree in Clinical and Administrative Social Work and I am working on my second Master's Degree in Clinical Psychology..I am employed as a School Social Worker and Math Teacher...yourself?
Not disrespecting what you do, because I think that is great. But it does give some insight into your political affiliation.
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clinical psychology, shit you could stay busy just on this forum ;D
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I have a Master's Degree in Clinical and Administrative Social Work and I am working on my second Master's Degree in Clinical Psychology..I am employed as a School Social Worker and Math Teacher...yourself?
In other words - you dont do dick but soak up tax dollars and indoctrinate already disadvantaged kids into failed economic ideas and failure as an acceptable way to go through life.
No wonder these kids are 50% or greater failures with obamabots like yourself spoonfeeding them nonsense all day.
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clinical psychology, shit you could say busy just on this forum ;D
Yeah, i'm sure a lot of the bums at your group home drooling on themselves all day could use some companionship. ::) ::)
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Not disrespecting what you do, because I think that is great. But it does give some insight into your political affiliation.
understood..but I'm no bleeding heart....some of these kids need a good ass-whipping
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In other words - you dont do dick but soak up tax dollars and indoctrinate already disadvantaged kids into failed economic ideas and failure as an acceptable way to go through life.
No wonder these kids are 50% or greater failures with obamabots like yourself spoonfeeding them nonsense all day.
actually I don't do that at all...their parents do ;)
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Yeah, i'm sure a lot of the bums at your group home drooling on themselves all day could use some companionship. ::) ::)
group home, your dirty appartment, same thing ;D
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group home, your dirty appartment, same thing ;D
HA!..nice :D
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HA!..nice :D
Have you ever worked a day in the private sector?
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economy sucks. i think eveyrone agrees on that. any gain is minimal.
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Have you ever worked a day in the private sector?
yes...worked at McDonalds, as a messenger, the Army, sunglasses factory, watch factory, peace officer, hotel security guard, driving instructor, vocational counselor, up until present...what have you done?
oh forgot I was also a hotel booker
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yes...worked at McDonalds, as a messenger, the Army, sunglasses factory, watch factory, peace officer, hotel security guard, driving instructor, vocational counselor, up until present...what have you done?
oh forgot I was also a hotel booker
Been jerking off to Palin pics since 2008. Not much else.
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Been jerking off to Palin pics since 2008. Not much else.
and whilst doing so what are you imagining that you and her are doing???...
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and whilst doing so what are you imagining that you and her are doing???...
Usually its a threesome with bachmann in the mix too. However, i see Mobacca's disgusting face or voice and it usually kills the moment. That fat mess and silverback is the anti-viagra.
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Usually its a threesome with bachmann in the mix too. However, i see Mobacca's disgusting face or voice and it usually kills the moment. That fat mess and silverback is the anti-viagra.
why would you jerk off to the two dumbest women in creation???......says a lot about you :D
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why would you jerk off to the two dumbest women in creation???......says a lot about you :D
Sorry - this just dont do anyting for me.
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Sorry - this just dont do anyting for me.
I think Bill Clinton found that out years ago
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I think Bill Clinton found that out years ago
I'm sure Bama must need cialus as well.
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I'm sure Bama must need cialus as well.
actually Michelle is pretty hot
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The 8.8% is just a cooked number released by the gov't to help Obama's approval numbers. The economy has not gotten any better since the stimulus, the establishment is just trying to get him re-elected.
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actually Michelle is pretty hot
For who? She is disgusting.
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For who? She is disgusting.
shes very sexy.......you couldn't handle her in bed, thats the problem
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shes very sexy.......you couldn't handle her in bed, thats the problem
I don't think an elephant on roids could deal with that mess.
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However, i see Mobacca's disgusting face or voice and it usually kills the moment.
That fat mess and silverback is the anti-viagra.
you've stopped hiding how ya feel, huh?
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you've stopped hiding how ya feel, huh?
what are you saying ???
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you've stopped hiding how ya feel, huh?
You know Mobacca attacks the lobster, caviar, wine, champaigne, kobe beef, etc like this/
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The 8.8% is just a cooked number released by the gov't to help Obama's approval numbers. The economy has not gotten any better since the stimulus, the establishment is just trying to get him re-elected.
oh sure..the government wants to make Obama look good....so I guess they were intentionally making him look bad before when the figure was 10%????....sighhhhhhhh....... ::)
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oh sure..the government wants to make Obama look good....so I guess they were intentionally making him look bad before when the figure was 10%????....sighhhhhhhh....... ::)
wow, throughout this thread you have displayed some serious ignorance. You have been presented fact on fact and you haven't countered with anything but pure adolescent drivel. I was going to post more examples of how the numbers are manipulated but it would be the equivalent of pissing in the wind with you. You're a complete waste of time. No wonder the country is in deep shit, it's full of asshats like you that keep the broken system going through your complacency.
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wow, throughout this thread you have displayed some serious ignorance. You have been presented fact on fact and you haven't countered with anything but pure adolescent drivel. I was going to post more examples of how the numbers are manipulated but it would be the equivalent of pissing in the wind with you. You're a complete waste of time. No wonder the country is in deep shit, it's full of asshats like you that keep the broken system going through your complacency.
actually the country is in deep shit because guys like you are so stuck in their thinking and won't listen or ponder anything to the contrary.....thats why we have the tea party....I have listened to all of you and have acknowledged when you guys truly have a point...but you seem to have trouble acknowledging anything outside your own limited thinking...even if I showed you proof to the contrary you would deny it and attack the source..so far I have heard in this thread that CNN has no credibility, although they are very fair in their reporting and they have been around for 25 years and have a history of being the least partisan news network,,,,meanwhile you guys CONSTANTLY quote Fox news and use that as the source of your information...and the funny thing is you guys don't see the hypocrisy in that...CNN is evil and partisan and whatever fox says is the truth....
The unemployment statistics are given out by the Bureau of government statistics who are non-partisan and who do not work for ANY president....yet...I have heard on here from you guys that they are just playing with numbers to make Obama look good....you guys will not accept ANY positive news that puts the president in a positive light.....This is why I seldom search for articles etc because one..you guys won't read them and two..you guys will just say that the writer lacks credibility and is a pawn.....
I cited John Boehner who stated that Obama is a citizen and handled the Egyptian crisis correctly.....he was attacked as having no credibility by you guys....Now imagine....THE SPEAKER OF THE HOUSE OF THE U.S. GOVERNMENT HAS NO CREDIBILITY WITH YOU GUYS.....if you guys won't listen to him, then who will you listen to????...and again..you guys don't see the hypocrisy.....I am a left wing loon and you guys are the voice of reason.....thats it...but I love it because I keep owning you guys and making you melt down....
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Our Workforce Lost 2.33 Million People in One Year?
By Jim Geraghty
Posted on April 01, 2011 12:38 PM
My regular correspondent Number Cruncher takes a look at the latest jobs report from the Bureau of Labor Statistics, and notices:
The percentage of the overall population that is employed in March 2010 was 58.6 percent. One year later, the total percentage of overall population employed is… 58.5 percent. Conclusion: In a growing population we have produced fewer jobs than the number that the population grew. (For the record, the number of Civilian non-institutionalized population was 237.2 million in March 2010, and is 239.00 million in March 2011.)
The number of people who were “not in the labor force” In March 2010 was 83,264,000 (seasonally adjusted). In March 2011, it was 85,594,000 (seasonally adjusted). If you want to know how unemployment dropped a point, look no further than this statistic.
If you remove 2.33 million people from the labor force within one year, that will indeed help lower the unemployment rate. It is, however, not the same as helping the unemployed find jobs.
I’m scheduled to appear on MSNBC’s “Hardball” tonight with guest host Chuck Todd, discussing the jobs numbers and the 2012 campaign.
UPDATE: Topic change! I’m now talking about this Ron Brownstein piece on “the changing American electorate.”
http://www.nationalreview.com/blogs/print/263656
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Underemployment Rises to 20.3% in March
Gallup news ^ | April 1, 2010 | Jenny Marlar
Gallup Daily tracking finds that 20.3% of the U.S. workforce was underemployed in March -- a slight uptick from the relatively flat January and February numbers.
A rise in the percentage of part-timers wanting to work full time (from 9.2% to 9.9%) is responsible for the March increase in underemployment.
(Excerpt) Read more at gallup.com ...
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what are you saying ???
He;s saying that 3333 used to at least pretend he wasn't a racist but has now come out of the closet in full glory for all the worlds to see
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He;s saying that 3333 used to at least pretend he wasn't a racist but has now come out of the closet in full glory for all the worlds to see
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Weekly Indicators: Economy Slowing Due to Choke Collar of High Oil Prices
Seeking Alpha ^ | 4-4-2011 | Hale Stewart
Posted on Monday, April 04, 2011 10:43:22 AM by blam
Weekly Indicators: Economy Slowing Due to Choke Collar of High Oil Prices
Hale Stewart
April 04, 2011
Last week's headline numbers were the 216,000 jobs added in March and the continued decline in the unemployment rate to 8.8%. As usual, I'll have more to say in the coming week, including at least one finding that contradicts the conventional wisdom. For now, we can just note that it was a good number - just not good enough for all the ground we have to make up.
Other monthly numbers continued to show an economy that is slowing due to the choke collar of high Oil prices. The manufacturing workweek declined (-.1), as did new factory orders. There are two more of the 10 leading indicators that have turned down. Residential and non-residential spending also declined. New cars sold in March also declined slightly from February, although at 13.1 million vehicles, this is still the second best showing in over two years. On the plus side, manufacturing as measured by the Chicago PMI and the ISM continued on a tear. BUT the leading components of that index - new orders and vendor deliveries - declined. Vendor deliveries declined sharply - the third of the 10 leading indicators to show a decline this week.
Did I mention that Oil was like a choke collar constricting economic growth?
Turning now to the high-frequency weekly indicators:
The BLS reported that Initial jobless claims last week were 388,000. The 4 week average is 394,250. This is the sixth week in a row that this number has been initially reported below 400,000. On the other hand, this series has not made a new low in the last month. Will the downward momentum continue or has it stalled?
(Excerpt) Read more at seekingalpha.com ...
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Tue., Apr. 12, 2011, 12:54 AM
Faux job numbers could lead to real trouble
By JOHN CRUDELE
Last Updated: 12:54 AM, April 12, 2011
http://www.nypost.com/p/news/business/faux_job_numbers_could_lead_to_real_3zKnIS84fd4XYOLbEK48GL
Posted: 12:00 AM, April 12, 2011
Deception is a dangerous thing. You never really know when a lie may turn on you.
Take, for instance, the Labor Department's annual springtime boost in the faux jobs market. While it's nice that the government thinks there is an employment boom coming, this won't be a good development if that boom turns out to be imaginary yet still causes the Federal Reserve to prematurely tighten credit conditions.
Let's start from the beginning.
Early this month Labor reported that 216,000 new jobs were created in March. It was better than Wall Street expected.
But the figure included 117,000 jobs that the department thinks, but can't prove, were created by newly formed companies that might not even exist. In fact, the department is getting so optimistic about the labor market that it increased this imaginary job count from just 81,000 in March, 2010.
As I've been telling you for months, the spring always causes the Labor Department to goose its job-creation numbers. And maybe sometime in the future this process will be warranted. But during 2009 and 2010 these springtime assumptions -- which are officially called the Birth/Death Model by Labor -- led to major errors in the annual job count.
The next three months should be doozies. In April 2010, the Labor Department guessed that 188,000 jobs were created by these newly formed, maybe nonexistent companies; last May's total job number was jacked up by a 215,000 guess, and June got an artificial boost of 147,000 jobs.
This year, Labor will likely be inserting even bigger faux job totals for each of those three months.
In other words, you still might not be able to get a job in the real world, but there should be plenty of fake jobs for the newspapers to write about and the politicians to brag about in speeches. Why should you care?
If you are just a regular person reading this column you should be appalled that Washington has trouble getting its numbers right. But wait, there's more.
Interest rates have already been rising because (and I don't need to tell you this) inflation is a problem. Mortgage rates, for instance, have moved three-quarters of a percentage point higher over the past six months. And that's without the Federal Reserve purposely tightening credit conditions.
The next three months' job figures -- if they are as strong as I think they will be -- could give the Fed a compelling reason to, at the very least, end the money-printing operation it calls Quantitative Easing. And it may even have to start talking about raising interest rates.
That won't be good news for either bonds or stocks, the latter of which have been on a truly unbelievable ride upward. Remember the first investment advice you received (probably from your mom or dad): if it's too good to be true, be suspicious.
It's gonna get exciting especially when you see what happens by summer. (But that's for a future column.)
*
Is the federal government like one of those hoarders you see on TV?
It buys into projects and programs (resulting in a clutter of $12 trillion in debt) but is pained when it needs to get rid of just $39 billion of those programs.
The government is a mess -- just like the homes you see on TV. And the picture isn't going to get any prettier when someone, at some time, tries to get the government's house in order.
*
Home sales are still plunging, and prices are going down, down, down.
Well, maybe it's time to listen to John (that would be me). Change the rules on retirement plans so the American people can rescue the ailing real estate industry, which, by the way, will take a decade to fix if left on its own.
Let people withdraw a relatively small percentage of the $15 trillion in retirement funds to purchase real estate. Give them a tax break -- maybe even a big one.
And smack Wall Street down when it voices the inevitable opposition to this plan. (Remember, the money I'm proposing to be used for this idea is now in retirement plans mainly invested in Wall Street products.)
Maybe it is time for a plan that's reasonable and doesn't risk bankrupting the nation or ruining our currency.
Ya know, I'm just thinking out loud.
*
How hilarious is it that Mayor Bloomberg thinks last year's census wildly undercounted the number of people who live in New York!
I spent column after column last Fall report ing how ridiculously badly the census was being handled through out the country. Census workers wrote in from all over to tell me how crazy the operation was. People taking the tally in New York said it was the most disorganized operation they had ever seen.
So, why would a miscount surprise the mayor?
But he's asking that things be corrected now! Why didn't he speak up when the census was still being done? Sorry, Mr. Bloomberg, you snooze, you lose federal funds.
jcrudele@nypost.com
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3333 you are getting your ass kicked by Obama hands down!!!...the economy is getting better...people are beginning to hire again...unemployment is down...these are gov't statistics..NOT Obama's..admit your ass kicking so we can retire this thread
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3333 you are getting your ass kicked by Obama hands down!!!...the economy is getting better...people are beginning to hire again...unemployment is down...these are gov't statistics..NOT Obama's..admit your ass kicking so we can retire this thread
Ha ha ha ha ha ha!!!!!!!!!!!
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Ha ha ha ha ha ha!!!!!!!!!!!
This clip is actually more in line with your way of thinking..you owned yourself
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3333 you are getting your ass kicked by Obama hands down!!!...the economy is getting better...people are beginning to hire again...unemployment is down...these are gov't statistics..NOT Obama's..admit your ass kicking so we can retire this thread
Not really.
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3333 you are getting your ass kicked by Obama hands down!!!...the economy is getting better...people are beginning to hire again...unemployment is down...these are gov't statistics..NOT Obama's..admit your ass kicking so we can retire this thread
Gallup, an UNBIASED organization, says unemployment is still over 10%. The only people who think that constitutes a recovery are morons like you. ::)
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Tue., Apr. 12, 2011, 12:54 AM
Faux job numbers could lead to real trouble
By JOHN CRUDELE
Last Updated: 12:54 AM, April 12, 2011
http://www.nypost.com/p/news/business/faux_job_numbers_could_lead_to_real_3zKnIS84fd4XYOLbEK48GL
Posted: 12:00 AM, April 12, 2011
Deception is a dangerous thing. You never really know when a lie may turn on you.
Take, for instance, the Labor Department's annual springtime boost in the faux jobs market. While it's nice that the government thinks there is an employment boom coming, this won't be a good development if that boom turns out to be imaginary yet still causes the Federal Reserve to prematurely tighten credit conditions.
Let's start from the beginning.
Early this month Labor reported that 216,000 new jobs were created in March. It was better than Wall Street expected.
But the figure included 117,000 jobs that the department thinks, but can't prove, were created by newly formed companies that might not even exist. In fact, the department is getting so optimistic about the labor market that it increased this imaginary job count from just 81,000 in March, 2010.
As I've been telling you for months, the spring always causes the Labor Department to goose its job-creation numbers. And maybe sometime in the future this process will be warranted. But during 2009 and 2010 these springtime assumptions -- which are officially called the Birth/Death Model by Labor -- led to major errors in the annual job count.
The next three months should be doozies. In April 2010, the Labor Department guessed that 188,000 jobs were created by these newly formed, maybe nonexistent companies; last May's total job number was jacked up by a 215,000 guess, and June got an artificial boost of 147,000 jobs.
This year, Labor will likely be inserting even bigger faux job totals for each of those three months.
In other words, you still might not be able to get a job in the real world, but there should be plenty of fake jobs for the newspapers to write about and the politicians to brag about in speeches. Why should you care?
If you are just a regular person reading this column you should be appalled that Washington has trouble getting its numbers right. But wait, there's more.
Interest rates have already been rising because (and I don't need to tell you this) inflation is a problem. Mortgage rates, for instance, have moved three-quarters of a percentage point higher over the past six months. And that's without the Federal Reserve purposely tightening credit conditions.
The next three months' job figures -- if they are as strong as I think they will be -- could give the Fed a compelling reason to, at the very least, end the money-printing operation it calls Quantitative Easing. And it may even have to start talking about raising interest rates.
That won't be good news for either bonds or stocks, the latter of which have been on a truly unbelievable ride upward. Remember the first investment advice you received (probably from your mom or dad): if it's too good to be true, be suspicious.
It's gonna get exciting especially when you see what happens by summer. (But that's for a future column.)
*
Is the federal government like one of those hoarders you see on TV?
It buys into projects and programs (resulting in a clutter of $12 trillion in debt) but is pained when it needs to get rid of just $39 billion of those programs.
The government is a mess -- just like the homes you see on TV. And the picture isn't going to get any prettier when someone, at some time, tries to get the government's house in order.
*
Home sales are still plunging, and prices are going down, down, down.
Well, maybe it's time to listen to John (that would be me). Change the rules on retirement plans so the American people can rescue the ailing real estate industry, which, by the way, will take a decade to fix if left on its own.
Let people withdraw a relatively small percentage of the $15 trillion in retirement funds to purchase real estate. Give them a tax break -- maybe even a big one.
And smack Wall Street down when it voices the inevitable opposition to this plan. (Remember, the money I'm proposing to be used for this idea is now in retirement plans mainly invested in Wall Street products.)
Maybe it is time for a plan that's reasonable and doesn't risk bankrupting the nation or ruining our currency.
Ya know, I'm just thinking out loud.
*
How hilarious is it that Mayor Bloomberg thinks last year's census wildly undercounted the number of people who live in New York!
I spent column after column last Fall report ing how ridiculously badly the census was being handled through out the country. Census workers wrote in from all over to tell me how crazy the operation was. People taking the tally in New York said it was the most disorganized operation they had ever seen.
So, why would a miscount surprise the mayor?
But he's asking that things be corrected now! Why didn't he speak up when the census was still being done? Sorry, Mr. Bloomberg, you snooze, you lose federal funds.
jcrudele@nypost.com
BUMP for Andre
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Gallup, an UNBIASED organization, says unemployment is still over 10%. The only people who think that constitutes a recovery are morons like you. ::)
the funny thing is that government statistics were good enough for you WHEN THEY SAID UNEMPLOYMENT WAS OVER 10% AND MADE OBAMA LOOK BAD...now all of a sudden you want to use statistics from other sources because government statics give Obama a boost...KEEP OWNING YOURSELF WITH YOUR HYPOCRISY..I love it!!!!
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Jobless Claims Unexpectedly Rise; Inflation Pressure Grows (+400,000 claims)
CNBC ^ | Thursday April 14, 2011
New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports showed on Thursday.
Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.
(Excerpt) Read more at m.cnbc.com ...
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More Americans leaving workforce
By Dennis Cauchon, USA TODAY
Updated 8h 37m ago |
Roll over each state to see the share of the population working in 2010:
http://www.usatoday.com/money/economy/employment/2011-04-13-more-americans-leave-labor-force.htm?loc=interstitialskip#
Sources: USA TODAY, Census, Bureau of Labor StatisticsThe share of the population that is working fell to its lowest level last year since women started entering the workforce in large numbers three decades ago, a USA TODAY analysis finds.
Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.
The bad economy, an aging population and a plateau in women working are contributing to changes that pose serious challenges for financing the nation's social programs.
MORE: American workforce growing grayer
"What's wrong with the economy may be speeding up trends that are already happening," says Marc Goldwein, policy director of the Committee for a Responsible Federal Budget, a non-partisan group favoring smaller deficits.
For example, job troubles appear to have slowed a trend of people working later in life, putting more pressure on Social Security, he says.
Another change: the bulk of those not working has shifted from children to adults.
In 2000, the nation had roughly the same number of children and non-working adults. Since then, the population of non-working adults has grown 27 million while the nation added just 3 million children under 18.
USA TODAY analyzed employment numbers and 2010 Census data to see how the ratio of workers to non-workers has changed.
Other key findings:
•Men leave. Working-age men have been dropping out of the labor force for decades. The disappearance quickened when construction and manufacturing jobs vanished in the recession from December 2007 through June 2009. Until the 1960s, more than 80% of men worked.
•Women stay. The trend of women getting jobs offset the loss of working men until the late 1990s. The share of women holding jobs rose from 36% in 1960 to 57% in 1995, then leveled off. The rate was 56% in 2010.
The aging of 77 million Baby Boomers born from 1946 through 1964 from children to workers to retirees is changing the relationship between workers and dependents.
Retirees generally are more costly to support than children.
The average public school education costs $10,000 a year. The average retiree gets $25,000 a year in benefits — $13,000 in Social Security and Medicare benefits of $12,000.
In all, taxpayers will spend about $125,000 educating a child and $500,000 caring for a senior, in today's dollars at current life expectancies, according to federal education and retirement program data. The costs are paid differently, too. State and local governments, through sales and property taxes, pay most education expenses. The federal government, though income taxes, pays most retiree costs.
"No matter how wealthy you are, you have a problem if half the population is not working and depending on those who are," says John Goodman, president of the conservative National Center for Policy Analysis. "Wherever you look, we've overpromised."
Economist Eileen Applebaum of the liberal Center for Economics and Policy Research says the real problem is a lack of jobs. Another 25 million people would work in a healthy economy, and incentives such as child care assistance could help, she says: "We're getting richer. We can afford things. We just need to fix what needs to be fixed."
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Jobless Claims Unexpectedly Rise; Inflation Pressure Grows (+400,000 claims)
CNBC ^ | Thursday April 14, 2011
New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices climbed faster than expected in March, government reports showed on Thursday.
Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.
(Excerpt) Read more at m.cnbc.com ...
Everyone on here but a few we rent surprised to hear that unemployment benefits would "unexpectedly" rise again but what is more important is the bolded part. There have warning signs for over a year about prices going up so who wasn't surprised to know this was coming except andre or is this something he believes is part of the success plan?
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The ostriches on this sight like Benny, Mal, Andre, Straw, Blacken, etc are still utterly clueless as to reality. We warned them a long time ago but they are still under the unfluence of bama' date rape drug.
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The title of this thread should be changed to 3333'S ASS-KICKING OF ANDREISDAFAG CONTINUES....
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The title of this thread should be changed to 3333'S ASS-KICKING OF ANDREISDAFAG CONTINUES....
my. my aren't we getting a little testy when Obama is on top? ;)
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my. my aren't we getting a little testy when Obama is on top? ;)
Take your meds, please.
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the funny thing is that government statistics were good enough for you WHEN THEY SAID UNEMPLOYMENT WAS OVER 10% AND MADE OBAMA LOOK BAD...now all of a sudden you want to use statistics from other sources because government statics give Obama a boost...KEEP OWNING YOURSELF WITH YOUR HYPOCRISY..I love it!!!!
Andre I seriously feel bad for you. Unlike most of the libs on this website, I don't think that you are a piece of human garbage. I just think that you are hopelessly naive and delusional. When the government statistics said 10%+, other non-governmental entities without political leanings clocked unemployment at around 12-16%. We are also not including the underemployed and those who simply decided to stop looking for work. If those groups were factored in, we would be looking at a figure that is around 20% of the US population.
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More people leaving the workforce, ue claims jumping, inflation all around, etc, yeah real recovery.
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Andre I seriously feel bad for you. Unlike most of the libs on this website, I don't think that you are a piece of human garbage. I just think that you are hopelessly naive and delusional. When the government statistics said 10%+, other non-governmental entities without political leanings clocked unemployment at around 12-16%. We are also not including the underemployed and those who simply decided to stop looking for work. If those groups were factored in, we would be looking at a figure that is around 20% of the US population.
my point isn't about the statistics..they may be right , they may be wrong..my point is that the conservatives on here used those very same statistics from the very same sources to denigrate Obama when unemployment was over 10%..now those same statistics from those same sources aren't good enough and are part of a vast government conspiracy to make Obama look good.....I am just exposing the hypocrisy on here thats all I am doing
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More people leaving the workforce, ue claims jumping, inflation all around, etc, yeah real recovery.
after every single depression or downturn in the economy people leave the workforce.....you're not saying anything new..I guess thats Obama's fault as well?
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after every single depression or downturn in the economy people leave the workforce.....you're not saying anything new..I guess thats Obama's fault as well?
No, it's just that those that have fallen off the 99week U.E. insurance and have stopped looking for work aren't counted. When people leave the labor pool they aren't counted. So you have 2-2.5 million people who are simply ghosts and aren't counted in the final tallies, at least for U-3. So that 8.8% number is missing several million people who would be counted as unemployed. That puts the true U.E. at around 10% as Gallup stated.
As I've said before, the numbers and their meaning are all there, right in front of you. To simply look at the 8.8% number or the 216k number and say "yep, all is well, all is fine!" and disregard everything else is simply foolish.
No one is making the B/D model up, or U-6 or the Labor Force Participation %, or the underemployed #'s or anything else, they are there in plain sight...we see them and can tell that the end numbers are flawed and skewed. We see that, why don't you?
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No, it's just that those that have fallen off the 99week U.E. insurance and have stopped looking for work aren't counted. When people leave the labor pool they aren't counted. So you have 2-2.5 million people who are simply ghosts and aren't counted in the final tallies, at least for U-3. So that 8.8% number is missing several million people who would be counted as unemployed. That puts the true U.E. at around 10% as Gallup stated.
As I've said before, the numbers and their meaning are all there, right in front of you. To simply look at the 8.8% number or the 216k number and say "yep, all is well, all is fine!" and disregard everything else is simply foolish.
No one is making the B/D model up, or U-6 or the Labor Force Participation %, or the underemployed #'s or anything else, they are there in plain sight...we see them and can tell that the end numbers are flawed and skewed. We see that, why don't you?
I agree with this...but my point is why are the statistics ACCURATE and quoted here by conservatives when they are bad and make Obama look bad but all of sudden are NOT ACCURATE when they make Obama look good..still waiting for an answer on that and everyone refuses to answer because it shatters their credibility
THE OWNERSHIP CONTINUES!!!!
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I agree with this...but my point is why are the statistics ACCURATE and quoted here by conservatives when they are bad and make Obama look bad but all of sudden are NOT ACCURATE when they make Obama look good..still waiting for an answer on that and everyone refuses to answer because it shatters their credibility
THE OWNERSHIP CONTINUES!!!!
That is a point..but i think that comes more from the peanut gallery (like 333) than officials
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That is a point..but i think that comes more from the peanut gallery (like 333) than officials
thats my point...I've seen people on here accuse the government of a conspiracy to fix the numbers in Obama's favor to make him look good....you must be crazy to believe that....
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thats my point...I've seen people on here accuse the government of a conspiracy to fix the numbers in Obama's favor to make him look good....you must be crazy to believe that....
You think Obama is the only one? The government is continually changing the criteria to make whoever is on power look good. don't believe me? look how the count has evolved over time
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Workforce is least amount since 1983. What does that tell you?
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403K Initial Claims WorseThan Consensus Again, Down From As Always Upwardly Revised 416K
ZeroHedge ^
As always happens, the BLS revised last week's non-credible mega miss even worse, from 412K to 416K. As for this week, the number will end up being worse than 403K, which is what was reported for this week, to be revised upward to 406K or so next week. This is (and will be) much higher than the expected 390K.
And so Tim Geithner has to start his latest "Welcome to the Recovery - edition 2011" draft from scratch. Continuing claims also were well above expectations, printing 20K over consensus at 3,695K. Last week's number of 3,680K was revised, gee, higher to 3,702K.
And just as importantly those hitting the 99 week cliff seem to be accelerating: those on EUCs dropped 24K, while people on extended benefits declined by 47K. Total number of persons claiming benefits across all programs dropped by 217K in the week ended April 2.
And so the Yen carry trade unwinds once again: the USDJPY just plunged to 81.72.
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I agree with this...but my point is why are the statistics ACCURATE and quoted here by conservatives when they are bad and make Obama look bad but all of sudden are NOT ACCURATE when they make Obama look good..still waiting for an answer on that and everyone refuses to answer because it shatters their credibility
THE OWNERSHIP CONTINUES!!!!
That's the point you keep misisng. The stats DON'T make Obama look good. That's like saying because the Detroit Lions went from 0-16 to 2-14, and from 2-14 to 3-13, their front office is really kicking @$$, with their GM and coaching picks.
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You think Obama is the only one? The government is continually changing the criteria to make whoever is on power look good. don't believe me? look how the count has evolved over time
Excellent point.
And that goes for U.E., Inflation, GDP etc
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http://www.zerohedge.com/article/q1-gdp-prints-18-misses-consensus-20-plunges-31-q4-initial-claims-surge]http://www.zerohedge.com/article/q1-gdp-prints-18-misses-consensus-20-plunges-31-q4-initial-claims-surge[/b]
Key highlights:
US GDP Price Index (Q1 A) Q/Q 1.9% vs. Exp. 2.3% (Prev. 0.4%)
US PCE Core (Q1 A) Q/Q 1.5% vs. Exp. 1.4% (Prev. 0.4)
US Personal Consumption (Q1 A) Q/Q 2.7% vs. Exp. 2.0% (Prev. 4.0%)
and the kicker:
US Initial Jobless Claims (Apr 23) W/W 429K vs. Exp. 395K (Prev. 403K)
Nobody could have predicted the economic devastation (even as inflation surges). Nobody. And certain not the wise oracles at the Federal Reserve.
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Jobless claims surge up to 429k on expectations of 395k and up from a previous print of 403k.---NOT GOOD
GDP at 1.8% on expectations of 2% and down from 3.1%---NOT GOOD.
Inflation UP
Consumption DOWN
---Not good, not good at all.
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Obama’s Handling of the Economy at All-Time Low (57% disapprove)
MaristPoll ^ | 04/28/2011 | Staff
Registered voters nationally are not satisfied with how President Barack Obama is handling the nation’s economy. According to this McClatchy-Marist Poll, four in ten voters — 40% — approve of how the president is dealing with the country’s economy while nearly six in ten — 57% — disapprove. Only 3% are unsure. Mr. Obama’s approval rating on the economy is the lowest of his presidency. His previous low was last September when just 41% gave him a thumbs-up on the issue.
(Excerpt) Read more at maristpoll.marist.edu ...
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U.S. economic growth slowed in first quarter
WASHINGTON — The economy slowed sharply in the first three months of the year as high gas prices cut into consumer spending, bad weather delayed construction projects and the federal government slashed defense spending by the most in six years.
The Commerce Department said Thursday that the economy grew at a 1.8 percent annual rate in the January-March quarter. That was weaker than the 3.1 percent growth rate for the October-December quarter.
And it was the worst showing since last spring when the European debt crisis slowed growth to a 1.7 percent pace.
Federal Reserve Chairman Ben Bernanke and other economists say the slowdown last quarter is a temporary setback. They generally agree that gas prices will stabilize and the economy will grow at a 3 percent pace in each of the next three quarters.
But gas prices are still going up. The national average on Thursday was $3.88 a gallon, an increase of 30 cents from a month ago when the first quarter ended.
Rising gas prices are draining most of the extra money that Americans are receiving this year from a Social Security payroll tax cut.
In the January-March quarter, consumers boosted spending at a 2.7 percent pace. That was down from a 4 percent pace in the prior quarter and was the weakest pace since last summer. Consumer spending is important because it accounts for roughly 70 percent of overall economic activity.
Pump prices were mostly blamed for the pullback, although harsh winter weather also kept people from shopping.
Winter storms — including rare snow that blanketed the South — also forced builders to delay construction projects, a big factor holding back overall economic activity. Builders slashed spending on commercial construction, such as office buildings and factories, at a 21.7 percent annualized pace, the deepest cuts since late 2009.
Home building also was hurt. Builders cut spending on housing projects by a 4.1 percent annualized rate.
Bernanke at a news conference on Wednesday suggested that the crippled housing market will continue to weigh on the economic recovery. He pointed out that home building and commercial construction were both "very weak" in the first quarter. Normally, construction spending is a big part of economic recoveries.
The housing market's collapse thrust the economy into a deep recession, and economists say it will take years for the industry to heal. Two years after the recession has ended, the housing market remains depressed.
That's one of the reasons why the United States is experiencing a relatively slow recovery, Bernanke explained.
Another factor holding back the economy last quarter: Deep cuts by the federal government on military projects. That spending was cut by an annualized rate of 11.7 percent, the most since the end of 2005.
http://www.msnbc.msn.com/id/42796600/?gt1=43001
The article is shit but the title gets the point across.
Hahahahahahaha! Obama's ass-kicking of his little drone andre continues!
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As the unemployment rate declines, we will see an explosion of popularity towards Obama.....its the only thing holding him back somewhat....even 3333 will have no choice but to vote for him once the Republican nominee is chosen from a really pathetic, inept field of candidates :D
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400k weekly UE jobs claims are back you dope!
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we'll see.....the economy is getting better over all
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we'll see.....the economy is getting better over all
By what measure?
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we'll see.....the economy is getting better over all
Really? Post some proof, dickhead. Or are you going to continue to make unsubstantiated claims and then meltdown like the retard you are anytime you're called out on them?
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By what measure?
In Obama's next State of the Union, he is going to cite andreisdaman from getbig.com as his source for evidence of an improved outlook on the American economy.
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In Obama's next State of the Union, he is going to cite andreisdaman from getbig.com as his source for evidence of an improved outlook on the American economy.
hahahah..GOOD ONE!! ;D
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Bump.
ANDRE - FAIL
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As the unemployment rate declines, we will see an explosion of popularity towards Obama.....its the only thing holding him back somewhat....even 3333 will have no choice but to vote for him once the Republican nominee is chosen from a really pathetic, inept field of candidates :D
You mean the inept field that is beating Obama in certain polls, like Romney? Or the ones where Obama is barely ahead, with at least 14-16% undecided (BTW, historically, 80% of undecided voters go with the challenger in races, involving an incumbent politician)?
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You mean the inept field that is beating Obama in certain polls, like Romney? Or the ones where Obama is barely ahead, with at least 14-16% undecided (BTW, historically, 80% of undecided voters go with the challenger in races, involving an incumbent politician)?
Been drinking the Orange cell-tech again I see
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Been drinking the Orange cell-tech again I see
Andre you know I like you right? I just bust your balls your fun.
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Andre you know I like you right? I just bust your balls your fun.
HA!....I like you as well..there's no hard feelings...I give as well as I take
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BUMP
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I farted in my truck and had to breathe it. Total disaster.
Also, I caught the red light because the guy in front of me hit the brakes. Complete catastrophe.
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Real Unemployment Rate Rose in August to 16.2% -- 26 Million People
Tuesday, September 06, 2011
By Matt Cover
http://www.cnsnews.com/news/article/real-unemployment-rate-rose-august-162-2
(AP File Photo/Gregory Bull)
(CNSNews.com) – The real unemployment rate actually rose in August, according to the Department of Labor, belying the fact that the official unemployment rate, 9.1 percent, remained flat while the economy did not create any new jobs on net last month.
According to the data from the Bureau of Labor Statistics, real unemployment rose to 16.2 percent in August, up from 16.1 percent in July and tying the 2011 record set in June.
The real unemployment rate is comprised of three different measures of the labor force that more accurately reflect who is really unemployed, as opposed to the official unemployment rate, which merely measures those who told the government they were unemployed and looking for work in the past month.
President Barack Obama. (AP Photo/Evan Vucci)
The real unemployment rate is comprised of the official unemployment rate, those employed part-time because they cannot find full-time work, and those marginally attached to the labor force: people who have stopped looking for work but would return to the labor force if jobs were available.
All told, the total number of Americans who are truly unemployed – those that make up the real unemployment rate – is now 26 million people, according to the Labor Department data.
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Real Unemployment Rate Rose in August to 16.2% -- 26 Million People
Tuesday, September 06, 2011
By Matt Cover
http://www.cnsnews.com/news/article/real-unemployment-rate-rose-august-162-2
(AP File Photo/Gregory Bull)
(CNSNews.com) – The real unemployment rate actually rose in August, according to the Department of Labor, belying the fact that the official unemployment rate, 9.1 percent, remained flat while the economy did not create any new jobs on net last month.
According to the data from the Bureau of Labor Statistics, real unemployment rose to 16.2 percent in August, up from 16.1 percent in July and tying the 2011 record set in June.
The real unemployment rate is comprised of three different measures of the labor force that more accurately reflect who is really unemployed, as opposed to the official unemployment rate, which merely measures those who told the government they were unemployed and looking for work in the past month.
President Barack Obama. (AP Photo/Evan Vucci)
The real unemployment rate is comprised of the official unemployment rate, those employed part-time because they cannot find full-time work, and those marginally attached to the labor force: people who have stopped looking for work but would return to the labor force if jobs were available.
All told, the total number of Americans who are truly unemployed – those that make up the real unemployment rate – is now 26 million people, according to the Labor Department data.
even I have to admit that its not looking good for Obama's re-election with those numbers
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Obama is viciously very victorious!
0 + 0 = 0.
Vuck him.
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Sorry 3333, the ass-kicking continues....pull down your pants and take it like a man...216,000 jobs created last month....unemployment now down to 8.8%...recovery in full swing....re-election here we come!!!!...Palin's poll numbers are sinking faster than the Titanic....how much more of a whipping can you take????
Bump.
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Bump.
figures are stalling...they have to go down or else Obama is in trouble
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bump
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Obama is holding his own but if the figures don't get better and the American people don't start seeing a light at the end of the tunnel they will jump to Romney for a fresh start.....