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(The New York Times) Misc Yay: Unemployment rate dropped in October. Meh: to 9.0%   (nytimes.com) divider line 168
More: Misc, unemployment, MF Global, European Economic Area  
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893 clicks; posted to Main » on 04 Nov 2011 at 1:04 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



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2011-11-04 01:04:44 PM
www.fantastikresimler.net
 
2011-11-04 01:05:14 PM
As long as that chocolate ration keeps going up, we're fine
 
2011-11-04 01:06:05 PM
I have a job. There is no recession.
 
2011-11-04 01:06:56 PM
Reason: less people are filing for unemployment and welfare because their benefits have depleted.
 
2011-11-04 01:07:08 PM
Great, now that the economy has recovered I'm going to charge up my credit card again! It's been burning a whole through this whole recovery :D
 
2011-11-04 01:08:37 PM
thelordofcheese: Reason: lessfewer people are filing for unemployment and welfare because their benefits have depleted.

No wonder resumes aren't getting read.
 
2011-11-04 01:09:14 PM
Scipio: Great, now that the economy has recovered I'm going to charge up my credit card again! It's been burning a whole through this whole recovery :D

wat?
 
2011-11-04 01:09:40 PM
how bout it not drop at all? take what you can get, jerkmitter.
 
2011-11-04 01:09:57 PM
fireclown: No wonder resumes aren't getting read.

As if you know anyone in HR who's literate.
 
2011-11-04 01:10:50 PM
We need to throw another trillion dollars into the money hole to lower it even more.
Oh. And if we hadn't already thrown two trillion dollars into the money hole, the whole world would have exploded.
 
2011-11-04 01:16:18 PM
You're right, Subby. What a horrible thing for it to go down.

Like your mom, it was Meh.
 
2011-11-04 01:17:00 PM
I resigned from my job a few weeks ago, am receiving a six month severance at full pay and will be starting my new job Monday.
 
2011-11-04 01:17:46 PM
Ticking down is better than ticking up
 
2011-11-04 01:18:14 PM
In terms of westernized countries 9% isn't all that horrible. The downside is we have the weakest safety net of most of those same westernized countries.
 
2011-11-04 01:19:25 PM
Polly Ester: We need to throw another trillion dollars into the money hole to lower it even more.
Oh. And if we hadn't already thrown two trillion dollars into the money hole, the whole world would have exploded.


Yes, let's ignore the lessons of the Great Depression. Here's a hint: Hoover enacted austerity measures to restore confidence in the government. Under Roosevelt, any time he permited the Republican Congress to cut back on spending, the economy went south. Does this mean that the current stimulus packages have been stellar? No. Should we be expecting immediate results? Hell no. Ever heard of internal and external lag? But no, clearly pumping money into the economy is bad, and we should just reduce spending (thus in effect removing money from the economy) and stick our heads in the sand. I'm sure everything will work out.
 
2011-11-04 01:21:28 PM
dragonchild: fireclown: No wonder resumes aren't getting read.

As if you know anyone in HR who's literate.


tvpixie.com
Touche.
 
2011-11-04 01:23:13 PM
fireclown: thelordofcheese: Reason: lessfewer people are filing for unemployment and welfare because their benefits have depleted.

No wonder resumes aren't getting read.


me fail English?

/would you proof-read my Ruby tutorial?
 
2011-11-04 01:23:37 PM
Modguy: Polly Ester: We need to throw another trillion dollars into the money hole to lower it even more.
Oh. And if we hadn't already thrown two trillion dollars into the money hole, the whole world would have exploded.

Yes, let's ignore the lessons of the Great Depression. Here's a hint: Hoover enacted austerity measures to restore confidence in the government. Under Roosevelt, any time he permited the Republican Congress to cut back on spending, the economy went south. Does this mean that the current stimulus packages have been stellar? No. Should we be expecting immediate results? Hell no. Ever heard of internal and external lag? But no, clearly pumping money into the economy is bad, and we should just reduce spending (thus in effect removing money from the economy) and stick our heads in the sand. I'm sure everything will work out.


Forgive me, this is in error. It's more accurate to state that instead of Republican, it should be read more as a skittish Democratic congress that began to drift away from New Deal programs.
 
2011-11-04 01:23:38 PM
That's just like swearing LiLo's gonna be okay because she got her teeth fixed, posed for Playboy and can still wear gorgeous clothes to court.

Shallow and obvious, but it's appropriate.
 
2011-11-04 01:23:52 PM
thelordofcheese: Reason: less people are filing for unemployment and welfare because their benefits have depleted.

notsureifserious.jpg
 
2011-11-04 01:23:59 PM
In other news, 9% of Americans are lazy, have no marketable skills or are otherwise unemployable. If a stupid, lazy coont like my ex-wife can get a job in a down market, there is no excuse for anyone else.
 
2011-11-04 01:24:13 PM
No....

We stop measuring the initial sample after 2 yrs.
 
2011-11-04 01:25:04 PM
A drop's a drop, even in a bucket.
 
2011-11-04 01:25:54 PM
See ... Obama's jobs plan is working.
 
2011-11-04 01:27:16 PM
twilight.ponychan.net
 
2011-11-04 01:28:35 PM
I Am The Egg Matt Drudge Smears Upon His Body: thelordofcheese: Reason: less people are filing for unemployment and welfare because their benefits have depleted.

notsureifserious.jpg


That's actually how unemployment statistics are weighted. They go for active job seekers against those filing for benefits.

You should really be less stupid. It can only help.
 
2011-11-04 01:30:59 PM
What the hell, Subby, would you be happier if it went up?
 
2011-11-04 01:37:08 PM
.To reitrate: This isn't impressive when you consider the percent of people who remain no more employed than they were before, however cannot legitimately file for unemployment at this time because of the rules/policies/legislation.

Just because they can't file for/receive UE at this time, doesn't mean they're magically employed. They're still jobless, and now have less money than before. : /
 
2011-11-04 01:38:35 PM
thelordofcheese: I Am The Egg Matt Drudge Smears Upon His Body: thelordofcheese: Reason: less people are filing for unemployment and welfare because their benefits have depleted.

notsureifserious.jpg

That's actually how unemployment statistics are weighted. They go for active job seekers against those filing for benefits.


English motherfarker, do you speak it?

Unemployment is based on active job seekers. They don't compare it against anything. Are you unemployed and actively seeking work? Then you are, in theory, counted in the statistic.
 
2011-11-04 01:39:41 PM
But then the rate went back up again in November as the Occupy Wall Street crowd killed 21 jobs.
 
2011-11-04 01:42:23 PM
I'll take it. Now lets do it again for another 10 quarters.

More importantly, how can FARK create a viable company?
 
2011-11-04 01:42:59 PM
Nacc: Just because they can't file for/receive UE at this time, doesn't mean they're magically employed. They're still jobless, and now have less money than before. : /

From the Reuters article:

The household survey, from which the unemployment rate is derived, showed strong job gains for a third straight month, more than offsetting an increase in labor force as more Americans resumed the hunt for work.

In other words, more people are seeking work, and yet the number still went down a tenth of a percent. This isn't a case of disgruntled workers falling off the survey, this is a case of more people being hired in August and September than originally thought.
 
2011-11-04 01:44:27 PM
dartben: thelordofcheese: I Am The Egg Matt Drudge Smears Upon His Body: thelordofcheese: Reason: less people are filing for unemployment and welfare because their benefits have depleted.

notsureifserious.jpg

That's actually how unemployment statistics are weighted. They go for active job seekers against those filing for benefits.

English motherfarker, do you speak it?

Unemployment is based on active job seekers. They don't compare it against anything. Are you unemployed and actively seeking work? Then you are, in theory, counted in the statistic.


Retard, motherfarker, you do speak it.

l2statistics

You need a base and a reported.
They also take into factor those not able to work and don't count them as unemployed.
But there are also those who don't count into either the employed, seeking, or not seeking because they don't self-report.
Then there are those not even counted into the base, which is derived through the census.

God, you dolt.
 
2011-11-04 01:44:36 PM
And people said blocking the jobs bill wouldn't help.
 
2011-11-04 01:44:50 PM
Polly Ester: We need to throw another trillion dollars into the money hole to lower it even more.
Oh. And if we hadn't already thrown two trillion dollars into the money hole, the whole world would have exploded.


This.
"if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. -- Nancy Pelosi

Pelosi and the Dems claiming the unprovable again.

The White House economic adviser who said in 2009 that unemployment would not go above 8 percent with the help of the economic stimulus law, now says he was wrong and that he does not think unemployment will even go below 8 percent before the end of 2012.

Why should anyone listen to these dunderheads?
 
2011-11-04 01:47:33 PM
Frank and Beans: I have a job. There is no recession.

There are jobs to be had. I don't buy the 'there are no jobs' excuse. It may not be a job you WANT to do, but there are jobs.
 
2011-11-04 01:49:03 PM
i392.photobucket.com
 
2011-11-04 01:49:57 PM
dartben: The household survey, from which the unemployment rate is derived, showed strong job gains for a third straight month, more than offsetting an increase in labor force as more Americans resumed the hunt for work.

Which still requires self-reporting, which isn't a definitive report.

It could very well be that the sample-size was restricted to those who would actually bother with such a survey. Ya think?
 
2011-11-04 01:49:59 PM
xaldin: In terms of westernized countries 9% isn't all that horrible. The downside is we have the weakest safety net of most of those same westernized countries.

The homeless don't exist! Pssh!
 
2011-11-04 01:50:51 PM
Trance750: Frank and Beans: I have a job. There is no recession.

There are jobs to be had. I don't buy the 'there are no jobs' excuse. It may not be a job you WANT to do, but there are jobs.


It's not as simple as that.

Some people have no viable transportation to the site and can't relocate.
 
2011-11-04 01:53:41 PM
ddam: Scipio: Great, now that the economy has recovered I'm going to charge up my credit card again! It's been burning a whole through this whole recovery :D

wat?


Has anyone really been far even as decided to use even go want to do look more like?
 
2011-11-04 01:54:15 PM
i.imgur.com
 
2011-11-04 02:00:57 PM
thelordofcheese: dartben: The household survey, from which the unemployment rate is derived, showed strong job gains for a third straight month, more than offsetting an increase in labor force as more Americans resumed the hunt for work.

Which still requires self-reporting, which isn't a definitive report.

It could very well be that the sample-size was restricted to those who would actually bother with such a survey. Ya think?


And that just magically happened this month as opposed to all other months, right?

There are, of course, statistical anomalies which give rise to the margin of error and the like. If you flip a valid (ie non-trick) coin 10 times, there is always the chance it lands on heads all 10 times even though such a result would lead one to think it is, in fact, a trick coin.

If you think the survey is biased in some manner, then it's been biased the same way for the last however many years. Which means the bias may affect the overall number, but not the changes in that number.
 
2011-11-04 02:01:55 PM
trippdogg: In other news, 9% of Americans are lazy, have no marketable skills or are otherwise unemployable. .

kind of. With modern technology, we can do more with less people. Makes sense that the people who get left out are the ones who were just floating along in the first place.
 
2011-11-04 02:02:24 PM
Looks like 9% of the working population still needs to get some better boot straps.
 
2011-11-04 02:03:38 PM
Republicans to OWS: GO GET A JOB!

Republicans to Obama: WHAR JOBS?
 
2011-11-04 02:03:43 PM
Trance750: Frank and Beans: I have a job. There is no recession.

There are jobs to be had. I don't buy the 'there are no jobs' excuse. It may not be a job you WANT to do, but there are jobs.


That's bullshiat, I've been unemployed for three months and been hitting the pavement every day along with doing interviews/etc. I also volunteer at the food bank, yet i'm often competing against several hundreds of people for the same job if that. Last interview, two groups of six for nine positions. I'll take any job, janitorial, flipping burgers, give me a farking job and I'll do it. I have no criminal record, have never been fired, and while I lack in experience that should be no excuse not to hire me if only for a crappy job. I'm not asking for much, just anything that gets me back in the workforce and is something to start with.

Yet I'm lazy, uh huh. Bullshiat, especially when your results may very compared to your location. IE: Florida, you ain't going to have much luck. Granted, that's why I moved to Washington state in August and been looking for a job since.

Luckily I have family to live with/feed me or otherwise I'd be homeless but don't tell me that it isn't a tough market with hundreds of people competing for the same job every damn job. Now if you excuse me, I'm off to hit the pavement once again.

Oh, and DIFF you asshole HR people. My work employment gap doesn't mean I'm farking been playing with myself all this time or lazy. The other day I got up at 4 a.m. just to head down to the temp place and wait around until they announce that they don't have any further jobs. So fark the idea that people are lazy and don't want to work.
 
2011-11-04 02:04:18 PM
dartben: thelordofcheese: dartben: The household survey, from which the unemployment rate is derived, showed strong job gains for a third straight month, more than offsetting an increase in labor force as more Americans resumed the hunt for work.

Which still requires self-reporting, which isn't a definitive report.

It could very well be that the sample-size was restricted to those who would actually bother with such a survey. Ya think?

And that just magically happened this month as opposed to all other months, right?

There are, of course, statistical anomalies which give rise to the margin of error and the like. If you flip a valid (ie non-trick) coin 10 times, there is always the chance it lands on heads all 10 times even though such a result would lead one to think it is, in fact, a trick coin.

If you think the survey is biased in some manner, then it's been biased the same way for the last however many years. Which means the bias may affect the overall number, but not the changes in that number.


No, it happens every month. Some people just give up. Hell, no of my income is reported, I don't have any utilities in my name, I don't have a phone, don't have a DL... I happen to be able to completely drop out.

Freelance computer work under $200 for non-continuous payments don't have to be reported if you make less than $26k/yr. I need less than $500/mo. for all expenses.
 
2011-11-04 02:06:25 PM
If ya think we're ever going to get down to the old numbers, you be delusional mon. 10% will be optimal in a few years. Ze fat, it's been trimmed!

It's a post 9/11 world. I'm a post 9/11 girl.
 
2011-11-04 02:08:49 PM
StanTheMan: This.
"if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. -- Nancy Pelosi

Pelosi and the Dems claiming the unprovable again.

The White House economic adviser who said in 2009 that unemployment would not go above 8 percent with the help of the economic stimulus law, now says he was wrong and that he does not think unemployment will even go below 8 percent before the end of 2012.

Why should anyone listen to these dunderheads?


Nobody knew how bad the recession was going to be at the time the second statement was made, it ended up being worse than what most people believed given the data at the time. However there is no doubt that economy would have gotten worse without a stimulus package than it actually did.

Whether it would have been as bad as Pelosi claims is up to debate, but it has been shown time and again that government stimulus does decrease the severity of recessions by creating demand.
 
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