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(Yahoo)   Unemployment rate drops to lowest level in 4.5 years. McDonald's, Burger King having to turn away potential applicants   (news.yahoo.com) divider line 331
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7740 clicks; posted to Main » on 20 Apr 2006 at 11:57 AM (7 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2006-04-20 09:36:21 AM
*ding* fries are done
 
2006-04-20 09:40:11 AM
This thread will not get any supporters. It might get misconstrued to be somehow kinda a little bit pro-Bush and *gasp* that is a no-no.
 
2006-04-20 09:41:37 AM
Although I would not give credit to Bush, anymore than I didn't give any credit to Clinton.
 
2006-04-20 09:42:22 AM
So the current arbitrary number spit out by the strained definition of "unemployed" is different from a prior number spit out by the strained definition of "unemployed"? Fancy that.
 
2006-04-20 09:42:38 AM
have we caught up with the past six years of job losses yet?

/didn't rtfa
 
2006-04-20 09:43:16 AM
jpbreon: Although I would not give credit to Bush, anymore than I didn't give any credit to Clinton.

You mean Fiscal Policy may not have ultimate authority on economic outlook?!? BLASPHEMY! BLASPHEMY!
 
2006-04-20 09:44:02 AM
jpbreon: This thread will not get any supporters. It might get misconstrued to be somehow kinda a little bit pro-Bush and *gasp* that is a no-no.


I have a job, so I could give a shiat about those that don't. I care about interest rates (going up again) and gas prices...

Bad news on the fronts I care about, good news on the fronts that I don't.
 
2006-04-20 09:44:30 AM
doublesecretprobation: have we caught up with the past six years of job losses yet?

Yes, we're about 2.1 million up overall since Bush took office. The excuse now is that those jobs all have crappy pay and no benefits.

/just thought you'd like the revised talking points
 
2006-04-20 09:45:16 AM
YoungSwedishBlonde

Yeh, that's pretty much it.
 
2006-04-20 09:47:41 AM
There was the Easter holiday to contend with, and most state offices were closed for at least a day. I'm sure it'll catch back up next week.

/over there
//over there
///send the jobs send the jobs
////over there
 
2006-04-20 09:48:17 AM
The Homer Tax

You'll never see gas prices low again. The days of el cheapo are over. There is nothing that any government can do to avoid that now. As for interest rates, I don't know enough to comment.
 
2006-04-20 09:51:03 AM
YoungSwedishBlonde: Yes, we're about 2.1 million up overall since Bush took office. The excuse now is that those jobs all have crappy pay and no benefits.

There are always tradeoffs, don't forget inflation. That said if you want a decent job nowadays expect to work in college and preference a math or computer based major. If nearly everybody decides to go to college nowdays they can't all be majoring in humanities and social sciences. Just as many of them as before our going to end back in carpet sales if the economy doesn't expand but with the increased fun of college debt.
 
2006-04-20 09:55:28 AM
The Labor Department reported Thursday that new applications filed for unemployment insurance dropped by 10,000 to 303,000, the best showing since the beginning of April.

Speaking of strained definitions, a 3% change in new applications is a "sharp" fall?
 
2006-04-20 09:58:08 AM
PhysicsJunky: if you want a decent job nowadays expect to work in college and preference a math or computer based major.


That's kind of a constant...
 
2006-04-20 09:58:41 AM
jpbreon

Unless it turns out that high gas prices are due to commodities trading and stateside price gouging.
 
2006-04-20 10:01:24 AM
Unemployment numbers only reflect those who are currently receiving unemployment benefits along with the people who recently applied.

This particular report is only saying that compared to the previous report, 10,000 less this time applied for benefits.

These numbers do not reflect those who are no longer eligible for unemployment and still out of work.

/wishes they'd release true numbers
 
2006-04-20 10:02:50 AM
if Bush walked on water, the media headline would read

"BUSH CAN'T SWIM"
 
2006-04-20 10:06:02 AM
if Bush walked on water, the media headline would read

"BUSH CAN'T SWIM"


Strange, because here the media headline repeated the Labor Dept's assertion that 3.19% is a "sharp" drop.
 
2006-04-20 10:06:52 AM
oh, and for all your Klos talking point smart guys/gals

"``We are now operating in the vicinity of full employment,'' Janet Yellen, president of the Federal Reserve Bank of San Francisco, said at a conference on April 18. ``The market for skilled workers does appear to have tightened noticeably, with some upward wage pressure emerging in some sectors.''

Workers' average hourly earnings in March were up 3.4 percent from the same month last year, the second-biggest gain since September 2001, according to the Labor Department. "

source: http://www.bloomberg.com/apps/news?pid=10000103&sid=aTZIMBtZH4n8&refer=us
 
2006-04-20 10:08:06 AM
sueb - the unemployment rate has nothing to do with people who receive unemployment benefits - they have to do with people who are not working who are looking for and are eligible for work

the numbers reported in the linked article are not the 4.7% or whatever unemployment rate that was reported last month.. they are something different entirely
 
2006-04-20 10:08:38 AM
oh, and for all your Klos talking point smart guys/gals

What does a networking consulting company have to do with this?
 
2006-04-20 10:10:09 AM
kronicfeld - it's a lot like how inflation rising a couple tenths of a percent is "soaring"
 
2006-04-20 10:11:22 AM
What does a networking consulting company have to do with this?

you're probably right. all americans work at mcdonalds. i'll tell you what, let's ask Tfark if any americans work in the networking consulting industry.
 
2006-04-20 10:12:07 AM
you're probably right. all americans work at mcdonalds. i'll tell you what, let's ask Tfark if any americans work in the networking consulting industry.

You're pretty dense. Google "klos" and figure out the joke. I'll wait.
 
2006-04-20 10:12:33 AM
Unemployment numbers only reflect the number of people who apply for unemployment benefits. They do not reflect the people who have exhausted their benefits, people who are ineligible for unemployment compensation, people who are working at a full time job that is out of their field, people working a part time job, or people who have simply given up and moved back with their parents.

If the true unemployment and underemployment figures were ever released, people would be horrified to see how bad things are.
 
2006-04-20 10:14:59 AM
kronicfeld: Speaking of strained definitions, a 3% change in new applications is a "sharp" fall?


In my world it's called "statistical fluctuation".
 
2006-04-20 10:16:10 AM
some of you people are truly wacko. you're really approaching the zone of the bush planned 9/11 group.

why can't you accept good news as good news. you realize that your hatred for bush runs so deep that you would rather see the economy failing that to see it for what it is.
 
2006-04-20 10:17:23 AM
Unemployment numbers only reflect the number of people who apply for unemployment benefits

no they do not

They do not reflect the people who have exhausted their benefits, people who are ineligible for unemployment compensation,

yes they do - neither of these has anything to do with unemployment figures

people who are working at a full time job that is out of their field

it's not a measure of "are you employed in the job you most want"

people working a part time job

it does not count those people as employed but there are data series that report people who are employed part time who wish to be employed full time

people who have simply given up and moved back with their parents.

those people are considered out of the labor force but the figures for those individuals are also available in seperate reports
 
2006-04-20 10:19:15 AM
eddyatwork: If the true unemployment and underemployment figures were ever released, people would be horrified to see how bad things are.


www.coolopticalillusions.com



Repeat after me...

There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
There is no good news until Bush is gone.
 
2006-04-20 10:21:17 AM
Yes, we're about 2.1 million up overall since Bush took office. The excuse now is that those jobs all have crappy pay and no benefits.

Wish I could remember where I saw/heard this, probably an article where economists are wondering why Americans aren't spending $$ in such a robust economy, but I read that most of the benefits of the good economy have gone to the rich few, while the majority middle calss and poor sink further down.
 
2006-04-20 10:24:11 AM
some of you people are truly wacko. you're really approaching the zone of the bush planned 9/11 group.

Challenging the reality behind proxied numbers churned out by the government is "wacko"?

why can't you accept good news as good news. you realize that your hatred for bush runs so deep that you would rather see the economy failing that to see it for what it is.

Or, alternatively, you're so entrenched in the cult of personality that you can't help but interpret any such comment as criticism of Bush.
 
2006-04-20 10:25:41 AM
damageddude: Wish I could remember where I saw/heard this, probably an article where economists are wondering why Americans aren't spending $$ in such a robust economy, but I read that most of the benefits of the good economy have gone to the rich few,

Oh Trickle-down Economy! It's exactly how the administration intended to make it happen, except that they "mis-estimated" (as speaking in GWB's term) the huge expenditure that those few riches were supposed to make.
 
2006-04-20 10:27:02 AM
I can only see this as a good thing.

I can't see how this is a bad thing.

/centrist
 
2006-04-20 10:32:39 AM
kronicfeldOr, alternatively, you're so entrenched in the cult of personality that you can't help but interpret any such comment as criticism of Bush.

wow are you gonna fail at this... I think Bush is doing a TERRIBLE job with immigration.

Now, I'd like to see you tell me ONE good thing Bush has done since he was elected.
 
2006-04-20 10:37:30 AM
Now, I'd like to see you tell me ONE good thing Bush has done since he was elected.

He invaded Afghanistan.
 
2006-04-20 10:39:04 AM
nice.
 
2006-04-20 10:39:39 AM
well, i'm all politic'd out for the day? anyone wanna grab some pancakes?
 
2006-04-20 10:41:16 AM
well, i'm all politic'd out for the day? anyone wanna grab some pancakes?

This guy does:

beatsandrants.blogs.com
 
2006-04-20 10:42:21 AM
2006-04-20 10:08:06 AM Stars_At_Night
sueb - the unemployment rate has nothing to do with people who receive unemployment benefits - they have to do with people who are not working who are looking for and are eligible for work

The numbers they use to determine who is eligible and looking for work are the numbers they get from people receiving unemployment benefits.
 
2006-04-20 10:44:27 AM
why can't you accept good news as good news. you realize that your hatred for bush runs so deep that you would rather see the economy failing that to see it for what it is.

The good news from this article is that 10,000 less applied for unemployment last month. Which means there were still 293,000 new applicants.

Good news indeed. /sarcasm
 
2006-04-20 10:44:30 AM
hey, kronicfeld let's start this back up... only in reverse.

You people are insane. Unemployment numbers do not at all reflect the reality of they quality of jobs people want. In fact, most people are working in lower paying jobs than they actually want. so actually the economy is in the shiathole.
 
2006-04-20 10:55:35 AM
suebhoney

The numbers they use to determine who is eligible and looking for work are the numbers they get from people receiving unemployment benefits.

No. They're not.
 
2006-04-20 11:25:16 AM
Gahbrone: In fact, most people are working in lower paying jobs than they actually want. so actually the economy is in the shiathole.

Can you find data to back up your first statement? Also, could you explain how lower paying jobs causes a shiatty economy? If you can't answer either question, your argument isn't convincing.
 
2006-04-20 11:42:09 AM
anal brazil men
The last numbers released which show the per capita income from 2004 show that middle class incomes have been shrinking.

FactCheck.org
 
2006-04-20 11:46:08 AM
These numbers are always easily manipulated.

You want a good rule of thumb for an economic indicator? Next time you're in a Burger King or a Radio Shack or a Target during your lunch hour, ask a retail worker there about their education level.

Yeah, if you majored in Greek or Philosophy, you're probably going to be selling vacuum cleaners for the rest of your days. But guys who graduated summa cum laude with chemical engineering degrees should not be working the photo counter in Wal-Mart. If that's going on, then the economy is probably in the shiatter.
 
2006-04-20 11:48:47 AM
Code_Archeologist

Thanks! But as you say, the data from the article (written in 2004) isn't as current as the data from TFA. I'd be curious to know how per capita income figures and unemployment figures correlate.
 
2006-04-20 12:02:40 PM
It was only a drop in NEW APPLICATIONS for unemployment.

This number does not count people who continue to be on unemployment or people who have been unemployed so long that they no longer qualify for unemployment.

It's good news, but it is fairly minor good news. Sort of like "Sure the building is still on fire, but the fire is no longer spreading."


Mission Accomplished!
Victory is around the corner!
Let employment Ring!
 
2006-04-20 12:02:47 PM
FTFA
new applications filed for unemployment insurance dropped by 10,000 to 303,000

that's a little vauge isn't it? there are a lot of numbers
between 10,000 to 303,000
 
2006-04-20 12:02:49 PM
 
2006-04-20 12:03:03 PM
anal brazil men The 2005 report shows poverty increasing and incomes remained unchanged. Unchanged incomes equates to reduced money, because inflation continues to increase prices and those prices stretch out of reach of unchanging incomes.

The data for 2005 though will not be coming out till August though.
 
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