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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on December 02, 2011, 05:33:14 AM
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http://www.zerohedge.com/news/nfp-prints-120k-below-expectations-125k-unemployment-rate-drops-86#comments
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http://www.bloomberg.com/news/2011-12-02/u-s-jobless-rate-unexpectedly-declines-to-8-6-payrolls-rise-by-120-000.html
Like I said - this # from trhe BLS is pure BS. 315,000 dropped off the rolls to get the number down,.
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My favorite response
At this rate in 22 months will have 0% unemployment and 80 mln food stamps recipients.
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What a bunch of crap. Even talk radio news is overplaying this. Dropping from 9% to 8.6% in one month is crap when you only add 120000 jobs.
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http://www.huffingtonpost.com/2011/12/02/jobs-report-december-november-2011_n_1125180.html
LOL - the obamacunts are acting like they won the lottery.
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"Bitter, party of one, your table is ready"
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Doctored to high heaven. Expect 4% unemployment by November '12.
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"Bitter, party of one, your table is ready"
LOL. 120k jobs is what you need just to stay even!
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LOL. 120k jobs is what you need just to stay even!
Don't let facts stand in the way.
Numbers were below consensus but the economy is recovered. The USA is saved!!!!!!!
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The labor force shrank down to 153,883,000 from 154,198,000 in October 2011 and is smaller than the labor force of November 2011 (153,950,000). That is NOT good!!!
Dept Labor: http://www.bls.gov/news.release/empsit.a.htm
LESS PEOPLE WORKING!
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http://www.cnbc.com/id/45521793
Wow! They took out 600k out of thin air!
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The labor force shrank down to 153,883,000 from 154,198,000 in October 2011 and is smaller than the labor force of November 2011 (153,950,000). That is NOT good!!!
Dept Labor: http://www.bls.gov/news.release/empsit.a.htm
LESS PEOPLE WORKING!
I think it's "FEWER" people working. We need to employ 1 part-time english tutor. Sounds like a perfect job for an Honors English high schooler. The Newt plan in action!
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http://www.zerohedge.com/news/key-charts-nfp-report-records-jobless-duration-and-people-who-want-job-civilian-labor-force-plu
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Unemployment Rate Falls To Lowest Level In Nearly Three Years, As 315,000 Drop Out Of Workforce
First Posted: 12/ 2/11 08:31 AM ET Updated: 12/ 2/11 12:52 PM ET
http://www.huffingtonpost.com/2011/12/02/jobs-report-december-november-2011_n_1125180.html
Despite a stark drop in the national unemployment rate reported Friday, economists warned it will take decades for the labor market to return to pre-recession employment levels if the economy's achingly slow growth continues.
The U.S. economy added 120,000 jobs in November -- falling short of economists' expectations -- while the unemployment rate dipped from 9.0 to 8.6 percent, the Bureau of Labor Statistics reported Friday morning. But roughly half of the decline in the unemployment rate came from the 315,000 Americans who dropped out of the labor market last month, in part a reflection of the slow pace of the recovery, economists said.
"When unemployment is this high for this long, it's very likely that most of the people dropping out are doing so because they can't find work," said Heidi Shierholz, an economist at the Economic Policy Institute, who has studied the shrinking labor force during the years since the recession began. "There is some movement here, that's true. But it's just so slow."
While November's job gains roughly kept pace with population growth, a more positive glimmer can be found in the upwards revisions of the past two months of employment growth. Job growth for September was revised up to 210,000 from 158,00, and October's gains were up to 100,000 from 80,000.
120,000 may not be 250,000 -- the lowest number most economists look to for a really healthy recovery -- but it's also better than zero, the headline number of new positions created in August, when fears of a double-dip recession really began to take hold.
"We've got a modest acceleration and more employment growth then we saw over the summer," said Nigel Gault, Chief US Economist at IHS Global Insight, a firm offering economic and financial analysis, forecasting and market intelligence.
Domestically, Gault said, things haven't turned out as bad as people feared. But the global picture emanating from Greece and China looks darker. "At the moment, the U.S. is doing better than most of the rest of the world. But let's say Europe drops into recession. How far and how long could we outperform them?"
Job gains came in retail, hospitality, health care and business services, with modest gains in temporary work -- which can sometimes be an indicator of future job growth. Manufacturing employment -- once heralded as the shining star of the recovery -- has remained essentially flat since July. Meanwhile, state and local government continued to shed jobs.
The job gains are not coming in primarily high-wage industries, and annual average wage growth is not keeping pace with inflation. Worker in the retail sector -- which had the biggest gains last month -- pull in median hourly wages of $10.94 an hour, according to the Labor Department, and that sector's growth is one factor that explains the 2 cents dip in average hourly earnings last month. Another key factor is that the weak labor market provides employees little leverage to bargain with their employers over pay, economists said.
Two million Americans have been out of work for 99 weeks or more -- up from 1.5 million last November -- according to the Bureau of Labor Statistics. The percentage of workers who are working part time but still seeking full-time work is also up from a year ago, according to a recent Gallup poll.
And the U.S. economy still needs to regain more than 6 million jobs lost during the recession -- plus some 4.6 million jobs to account for population growth -- to reach pre-recession employment.
It's stark numbers like these that have led economists to dub the years since the Great Recession officially ended "the jobless recovery."
"After previous recessions, hiring soared. What has come roaring back this time is profits. They've reached a peak," said Gary Burtless, an economist at the Brookings Institute.
While many Occupy Wall Street protest camps have been cleared around the country, the income inequality that brought thousands of Americans to the streets since mid-September remains as strong as ever, according to this latest government snapshot. And even if job growth began to rebound in coming months, that income inequality, which has been growing for decades now, would still remain.
"Even if we could magically return to where things were in 2007 and the issues of the housing market disappeared, we would still have the three decades of cumulative growing inequality problems," said Lawrence Katz, Professor of Economics at Harvard University.
Arthur Delaney contributed reporting
http://www.getbig.com/boards/index.php?action=post;topic=403997.0;num_replies=12
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It's an absolute joke. Some of my liberal friends are actually celebrating this. :-\
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It's an absolute joke. Some of my liberal friends are actually celebrating this. :-\
Why not mock them and laugh at them like I do? I openly laugh at these idiots now. Being liberal = being a fucking dope.
they deserve to be ridiculed and mocked openly.
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Why not mock them and laugh at them like I do? I openly laugh at these idiots now. Being liberal = being a fucking dope.
they deserve to be ridiculed and mocked openly.
You know whats a joke? A grown man having over 73000 posts on a message board....Look at your life before commenting on others
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You know whats a joke? A grown man having over 73000 posts on a message board....Look at your life before commenting on others
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Guest Post: The Real Employment Situation Report
Submitted by Tyler Durden on 12/02/2011 - 14:22 Bureau of Labor Statistics Employment Situation Report Eurozone Guest Post headlines Quantitative Easing Reality Recession Savings Rate Third Point Unemployment Unemployment Claims
This mornings release of the Employment Situation report from the Bureau of Labor Statistics was in truth bitter sweet. On the positive side there were 120,000 jobs created in the previous month and the unemployment rate fell from 9.0% to 8.6%. Furthermore, September and October jobs were also revised higher. That is the sweet part. Unfortunately, while the headlines give us the sweetness the underlying data provides the bitter. As we discussed earlier this week with the ADP Employment report, which showed a 206,000 job increase, this is the seasonally strong time of year for employment increases due to the retail shopping season. Therefore, it is no surprise that we saw a fairly healthy jump in employment but unfortunately these jobs tend to be very temporary in nature. Secondly, 120,000 new jobs is well below the necessary job creation level to return the country to full, healthy, emplyment. I say "healthy employment" because technically if enough people fall off the rolls into the category of "discouraged worker", where they are no longer counted, we could have a much lower unemployment rate - it just won't be a good thing.
www.zerohedge.com
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Why not mock them and laugh at them like I do? I openly laugh at these idiots now. Being liberal = being a fucking dope.
they deserve to be ridiculed and mocked openly.
Because they're my friends. :) I just try and help educate them.
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Because they're my friends. :) I just try and help educate them.
Don't - it will never work. The only thing that works with leftists are to completey destroy their messiahs and high priests with ridicule, mocking, and laughter.
With Obama - i have one still blaming Bush and I used the mechanic analogy and she had to concede my point and the fact that she only supports obama for emotional reasons.
Most leftists are complete idiots once you scratch the surface.
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DOW's up 800 points this week.
120,000 new jobs in nov 2011.
UE rate dropping to 8.6%.
The GOP brand continues to stink...
Romney meltdown at FOX, Cain about to withdraw, Newt the lobbyist outsider surging with tea party voters?
Yikes, Obama had a damn good week, huh?
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UE rate is 8.6% under obama, 11 months out from re-election.
UE rate was 8.3% under Reagan, 11 months out from election (12-1-84)
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73314 = a joke
hope this helps ;D
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DOW's up 800 points this week.
120,000 new jobs in nov 2011.
UE rate dropping to 8.6%.
The GOP brand continues to stink...
Romney meltdown at FOX, Cain about to withdraw, Newt the lobbyist outsider surging with tea party voters?
Yikes, Obama had a damn good week, huh?
Don't forget convientely waiting until the end of the year to "withdraw troops from Iraq" announcement.....nothing to do with the election, it was just time. ::)
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Don't forget convientely waiting until the end of the year to "withdraw troops from Iraq" announcement.....nothing to do with the election, it was just time. ::)
I thought the SOFA for Dec 31, 2011 was announced by W the same day a dude threw a shoe at him?
That date was very solid. Obama got hated on for 'taking credit for bush policy' on it.
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Let's put things in proper perspective.
Here's what President Osama and his team of human cockroaches decided to do:
320,000 or so people gave up looking for work completely
120,000 or so jobs were added ( most of them seasonal)
These two numbers were added together and then deducted from the overall number of unemployed Americans--- Which by some miracle led to a downtick of nearly half a percentage point in the unemployment rate.
Are people seriously this fucking stupid? This isn't even partisan bickering, difference of opinion or any of the other typical dirty tricks+ grandstanding that is carried on by both parties. This is outright fraud-- and to wit, its fraud that a trained monkey could figure out while counting on his fingers and shitting on the floor. The mainstream media is complicit in this criminally transparent deception and has once again shown itself to be functionally irrelevant.
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Just a question:
where does this "320k" figure come from?
How is it calculated?
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Just a question:
where does this "320k" figure come from?
How is it calculated?
Its the number of people coming off the UE rolls. They are considered no longer looking for work by the BS BLS.
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Its the number of people coming off the UE rolls. They are considered no longer looking for work by the BS BLS.
so then they no longer get unemployment checks and are not counted in the UE %?
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so then they no longer get unemployment checks and are not counted in the UE %?
Correct. And they are not looking for work any more accordng to the BLS.
Anyone kneepadding this report is beyond brain dead.
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Correct. And they are not looking for work any more accordng to the BLS.
Anyone kneepadding this report is beyond brain dead.
So basically UE increased by 200k? lol
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did their UE checks/benefits just run out?
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So basically UE increased by 200k? lol
Actually? Yes.
The real number to look at is the Labor Force Participation Rate which fell. There are less people working as a static and real number while every month about 125k new entrants enter the job market looking for work.
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did their UE checks/benefits just run out?
Yes. 99 weeks and done.
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:)
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You know whats a joke? A grown man having over 73000 posts on a message board....Look at your life before commenting on others
shall we start an 'over/under' poll....between now and election day, how many posts will 333386 make?
i'll start - by election day he will have 195,000
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shall we start an 'over/under' poll....between now and election day, how many posts will 333386 make?
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shall we start an 'over/under' poll....between now and election day, how many posts will 333386 make?
i'll start - by election day he will have 195,000
Just depends on how tolerant his mom is of a grown man living in her basement posting about politics on a bodybuilding messageboard nonstop
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Don't forget convientely waiting until the end of the year to "withdraw troops from Iraq" announcement.....nothing to do with the election, it was just time. ::)
Bush agreed to do that before Obama was in office LOL, it had nothing to do with Obama making it happen, it was already arranged.
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Bush agreed to do that before Obama was in office LOL, it had nothing to do with Obama making it happen, it was already arranged.
now, now....you're just applying logic and reason....pretend to be on Fox and Friends....it all gets played on barry!
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Bush agreed to do that before Obama was in office LOL, it had nothing to do with Obama making it happen, it was already arranged.
True. Yet, the media will credit the withdrawal to Obama because Democratic party supporters have very short memory and no attention span. There already have been people on this forum posting reports from internet news websites when he announced the withdrawal and claimed it to be a great foreign relation job by him. Please. How can he get any credit when the previous president had set the timeline and all Obama had to do was wait?
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UE rate is 8.6% under obama, 11 months out from re-election.
UE rate was 8.3% under Reagan, 11 months out from election (12-1-84)
UE should rise in a few months after the Post Office lays off 100k employees and the temp holiday jobs end.
If people really believe that 8.6% is a real number then they deserve another 4 years of garbage. What a nation of morons!
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They voted for him in 2008 - you can't change stupid.
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They voted for him in 2008 - you can't change stupid.
That's not stupid..Stupid is posting about politics on a bodybuilding msg board over 73000 times...
Hope that helps ;D
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Let's put things in proper perspective.
Here's what President Osama and his team of human cockroaches decided to do:
320,000 or so people gave up looking for work completely
120,000 or so jobs were added ( most of them seasonal)
These two numbers were added together and then deducted from the overall number of unemployed Americans--- Which by some miracle led to a downtick of nearly half a percentage point in the unemployment rate.
Are people seriously this fucking stupid? This isn't even partisan bickering, difference of opinion or any of the other typical dirty tricks+ grandstanding that is carried on by both parties. This is outright fraud-- and to wit, its fraud that a trained monkey could figure out while counting on his fingers and shitting on the floor. The mainstream media is complicit in this criminally transparent deception and has once again shown itself to be functionally irrelevant.
The ISM Service Sector numbers were released this week as well and the results were plenty below "expectations". And the one of the biggest things the report showed was that the service sector was negative in employment areas....which is strange seeing as though the service sector added "jobs" in the latest ADP report.
Strange indeed. I bet the networks will be burning the midnight oil getting to the bottom of this
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That's not stupid..Stupid is posting about politics on a bodybuilding msg board over 73000 times...
Hope that helps ;D
ouch. butt, he's been told that before. we find him amusing; like the toe-headed red haired 'cousin' we dont talk about in public.
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ouch. butt, he's been told that before. we find him amusing; like the toe-headed red haired 'cousin' we dont talk about in public.
No matter how much you troll me - I am still not hooking up with you. Go hit on lurker, xpac, straw, etc.
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UE should rise in a few months after the Post Office lays off 100k employees and the temp holiday jobs end.
If people really believe that 8.6% is a real number then they deserve another 4 years of garbage. What a nation of morons!
temp holiday jobs do not qualify for UE benefits, they will just disappear into the job market/numbers game.
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No matter how much you troll me - I am still not hooking up with you. Go hit on lurker, xpac, straw, etc.
no wonder you dont get laid much if you think my sentence was an attempt to hook up with you..! :o