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Topic:
Unemployment down to 8.2%, but only 120K jobs created
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Kjarhall
Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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Labor Participation Rate isn't any more accurate than the one you're calling inaccurate.
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Bowlartz
Title: Offical VN Tin Foil Hat Supplier
Posts: 221
Registered: 2006-1-4 19:59:15
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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theredkay1 posted:
The 'real jobless' rate has been falling rapidly as well. It doesnt really matter which measurement you use. Not sure why people who feel the need to always correct the official unemployment rate with one of the other unemployment calculations always fail to mention that their preferred rate is also dropping. curious.
The unemployment change puzzle 2 posts up is partly explained by 2011. The mismatch was puzzling economists and leaving many wondering why the economy wasnt adding more jobs.
not a great report. really looks like the warm winter boosted jobs in Jan and Feb by pulling forward some of the March jobs...the unadjusted numbers show almost a million jobs created in March.
http://economywatch.msnbc.msn.com/_news/2012/04/06/11053225-us-unemployment-rate-slips-but-job-creation-slows?lite
"The drop in the unemployment rate, to the lowest level since January 2009, reflected a drop in the labor force. The separate household survey, from which the jobless rate is derived also showed a drop in employment.
The private sector added 121,000 new positions in March, while government employment edged down 1,000."
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-Espiritu-
Posts: 269
Registered: 2004-11-29 18:27:00
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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Total US Jobs
December 2007 = 138,000,000 Jobs
March 2012 = 132,800,000 Jobs
The labor force has grown by 4,600,000 in that same time period, meaning we need 9,800,000 jobs to get back to where we were before. This means we will need to create 259,000 jobs every month until the end of Obama's second term as President.
That is not out of the realm of possibility, but is more than double what we created in March.
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Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
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Ashmaele
Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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-Espiritu- posted:
Total US Jobs
December 2007 = 138,000,000 Jobs
March 2012 = 132,800,000 Jobs
The labor force has grown by 4,600,000 in that same time period, meaning we need 9,800,000 jobs to get back to where we were before. This means we will need to create 259,000 jobs every month until the end of Obama's second term as President.
That is not out of the realm of possibility, but is more than double what we created in March.
Wow that number has gone up significantly in recent years.
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Bowlartz
Title: Offical VN Tin Foil Hat Supplier
Posts: 221
Registered: 2006-1-4 19:59:15
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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The problem is not that people see that there is some good news on the job front, there is and has been good news coming for the past 8 months it is slow but steady. The problem is that there is no way to say that the unemployment rate is dropping like it has with these mediocre numbers and not be lying through your teeth.
Which is why it is clearly a case of election year number games. Every President in the past 40 years has done it. The issue is that this year they aren't even trying to pretend.
At this pace the rate will be at 6% or lower by Oct 30th all the while the GDP not seeing a quarter above 2%....
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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Bowlartz posted:
The problem is not that people see that there is some good news on the job front, there is and has been good news coming for the past 8 months it is slow but steady. The problem is that there is no way to say that the unemployment rate is dropping like it has with these mediocre numbers and not be lying through your teeth.
Which is why it is clearly a case of election year number games. Every President in the past 40 years has done it. The issue is that this year they aren't even trying to pretend.
At this pace the rate will be at 6% or lower by Oct 30th all the while the GDP not seeing a quarter above 2%....
You're not very smart. The reporting criteria hasn't changed at all.
The reason unemployment is falling without creating a ton of new jobs is more people are leaving the workforce permanently. Some of them are baby boombers and would have left anyhow. These we don't really have to worry about. Some of them went back to school, which may or may not be something to worry about.
The worrisome ones are the workers in their early 50s who have basically given up on getting another job.
If you were really right about them cooking the books, why wouldn't they cook the books on the job numbers too?
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Bowlartz
Title: Offical VN Tin Foil Hat Supplier
Posts: 221
Registered: 2006-1-4 19:59:15
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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"  ou're not very smart. The reporting criteria hasn't changed at all."
Yet recently we have article after article on the various business portions of the "news" sites concerning how the numbers fly in the face of all mainstream economic theory and data over the last several decades. They simply have no answer for why all of the economic indicators state we are experiencing very mediocre growth but the unemployment numbers keep dropping. This includes looking at those who drop out of the work force. That accounts for some of the skew but as recently as January the work force was reported to have started to see solid numbers on those returning to seek employment with the previous months good job creation figures.
Essentially, if the number had dropped from say 9.1 to 8.7 or so over the same period it would have been explained by work force drop outs. Going to 8.2 has completely broken most economic models looking at the same data.
Either someone is playing with the figures in some fashion, the "Unemployment Calculation Formula" has much most serious flaws than we all already knew or we have a really bad accounting error. The later two should show up soon with all of the scrutiny now being focused on the "mystery drop".
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Friarspam
Posts: 638
Registered: 2007-1-23 07:01:27
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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C'mon, say it with me:
Everyone is working. Nobody is hungry. We all have much nutritious food.
/North Korea off
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__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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Obama just knows how to borrow and spend money. He is fail economically. I bet things wouldve been better if the government didnt get involved at all
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paulg_68
Posts: 2,469
Registered: 2009-7-27 18:45:54
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Date Posted:
1/1/00 12:00am
Subject:
Unemployment down to 8.2%, but only 120K jobs created
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Economic recovery is inevitable. The question is will the President's policies cause it to recover faster than it naturally would have or will the President's policies cause it to recover slower.
In the case of Obama, he is causing it to recover much slower than it would have if he'd done nothing.
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