If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(NPR)   New Jobs report: 96,000 jobs added and Unemployment down to 8.1%. November's Jobs report: Mitt Romney still unemployed   (npr.org) divider line 714
    More: Spiffy, Mitt Romney, Alan Krueger, a.m. ET, Bureau of Labor Statistics, unemployment  
•       •       •

1190 clicks; posted to Politics » on 07 Sep 2012 at 11:10 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



714 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | » | Last | Show all
 
2012-09-07 10:15:16 AM
lh5.googleusercontent.com
 
2012-09-07 10:15:18 AM
Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.
 
2012-09-07 10:16:06 AM
 
2012-09-07 10:23:21 AM

ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.


What "total failure" Looks like-

my.barackobama.com
 
2012-09-07 10:25:29 AM
Good news is the U-6 ( Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force - the REAL number.) is 14.7%
From 2002-2008 the worst it ever got was 13.5%.
 
2012-09-07 10:28:39 AM
So after almost 4 years unemployment 8.1%. The decline in the unemployment rate wasn't because more people had jobs. The number of people employed as measured by the household survey declined by 119,000. The fall came from fewer people looking for work in August and dropping out of the labor force.
 
2012-09-07 10:33:34 AM

adiabat: From 2002-2008 the worst it ever got was 13.5%.



It's almost as if something pretty bad happened to the economy in 2008...
 
2012-09-07 10:36:49 AM

ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.


It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.
 
2012-09-07 10:38:07 AM

Dinki: It's almost as if something pretty bad happened to the economy in 2008...


No, everything was rosy with the economy until January 20, 2009. That was when the bottom fell out.
 
2012-09-07 10:46:08 AM

GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.


It's a false growth though.
 
2012-09-07 10:47:41 AM
Low taxes, stock market at a record high, record corporate profits... how's that trickle down thing working for you guys?
 
2012-09-07 10:50:35 AM

ferretman: GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.

It's a false growth though.


Is that why the U-6 fell from 15% to 14.7%? Isn't that the "real" number and it fell even more than the U-3?
 
2012-09-07 11:06:11 AM

ferretman: GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.

It's a false growth though.


Do you think most people know and/or care? They just look at the number reported.
 
2012-09-07 11:11:46 AM

Average monthly job growth in 2012: +139,000. 2011: +153,000. 2010: +86,000. 2009: -422,000. 2008: -300,000. 2007: +92,000. 2006: +172,000

- Sudeep Reddy (@Reddy) September 7, 2012
 
2012-09-07 11:13:19 AM
Really? We're switching threads because the mods changed their minds on a headline? We had discussed in the other green thread going on.

Lame.
 
2012-09-07 11:13:30 AM
ITT

Fark Cons explain why the unemployment rate going down is bad.
 
2012-09-07 11:13:59 AM

wxboy: ferretman: GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.

It's a false growth though.

Do you think most people know and/or care? They just look at the number reported.


It's him moving the goalposts because the number critics are shooting for is not in their favor.
 
2012-09-07 11:14:25 AM

MaudlinMutantMollusk: Low taxes, stock market at a record high, record corporate profits... how's that trickle down thing working for you guys?


The trickle down won't kick in until all abortions are illegal, creationism is taught in our schools, and only white landowners can vote.
 
2012-09-07 11:14:48 AM

DamnYankees: Really? We're switching threads because the mods changed their minds on a headline? We had discussed in the other green thread going on.

Lame.


I don't know what the fark they're on lately.
 
2012-09-07 11:14:54 AM

ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.


So, you're saying the money isn't trickling down?
 
2012-09-07 11:15:45 AM
This headline makes be less angry than the last one. I normally don't approve of killing a thread with 30+ posts but I will make an exception in this case.
 
2012-09-07 11:16:35 AM

ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.


You should be happy for all those people who retired. How do explain the U6 also dropping BTW.
 
2012-09-07 11:16:48 AM

ghare: So, you're saying the money isn't trickling down?


He's saying that it's a damn shame that children aren't working.
 
2012-09-07 11:16:56 AM

ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.


But the unemployment percentage is DOWN. That's all that matters.

All those other silly numbers just confuse the sheep.
 
2012-09-07 11:17:29 AM

sprawl15: ghare: So, you're saying the money isn't trickling down?

He's saying that it's a damn shame that children aren't working.



And the elderly don't forget the elderly.
 
2012-09-07 11:17:37 AM

Red Shirt Blues: So after almost 4 years unemployment 8.1%. The decline in the unemployment rate wasn't because more people had jobs. The number of people employed as measured by the household survey declined by 119,000. The fall came from fewer people looking for work in August and dropping out of the labor force.


Spin it however you want. All economic indicators point to it getting better. We (The USA) are in a better place than last year economically.
 
2012-09-07 11:17:44 AM

ferretman: .with 368,000 people who dropped out


Ever heard of retirement?
 
2012-09-07 11:17:48 AM
This is not a good report. Expectations were much higher and now pressure is being applied to the Fed to take some action.
 
2012-09-07 11:17:55 AM

Red Shirt Blues: fewer people looking for work in August and dropping out of the labor force.


retirees perhaps? If what you say is true (spoiler, it isn't) how do you explain the drop in the U6 also?
 
2012-09-07 11:18:47 AM

Cletus C.: pressure is being applied to the Fed to take some action.


Perhaps we can apply some pressure to the private sector.
 
2012-09-07 11:18:48 AM

Cletus C.: This is not a good report. Expectations were much higher and now pressure is being applied to the Fed to take some action.


Frankly, applying pressure to the Fed is a good thing.
 
2012-09-07 11:18:51 AM

Cletus C.: and now pressure is being applied to the Fed to take some action.


Bueno.
 
2012-09-07 11:18:57 AM

ferretman: GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.

It's a false growth though.


While the U6 metric is a meatier number than the official U3, U6 still declined by 0.3%. How is that false growth in employment?
 
2012-09-07 11:19:21 AM

ferretman: GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.

It's a false growth though.


Because it conflicts with what you would have preferred seeing?
 
2012-09-07 11:19:26 AM

adiabat: Good news is the U-6 ( Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force - the REAL number.) is 14.7%
From 2002-2008 the worst it ever got was 13.5%.


The "real" number? All countries use U3 as the standard metric.

U6 is pretty much just U3 multiplied by 1.74. They say the same thing, just have a different scale. Why would you call the larger scale "real" when people use the smaller one?

research.stlouisfed.org
 
2012-09-07 11:19:49 AM

Dusk-You-n-Me: Average monthly job growth in 2012: +139,000. 2011: +153,000. 2010: +86,000. 2009: -422,000. 2008: -300,000. 2007: +92,000. 2006: +172,000- Sudeep Reddy (@Reddy) September 7, 2012


That's...not bad. The report could've been better but it's not bad. Maybe I'm broadcasting my ignorance, but in all the handwringing about people who leave the workforce I've never been able to figure out if they make a difference between those who leave the workforce via layoffs/firings and those who do so voluntarily (retirement, seasonal and such). A little help?
 
2012-09-07 11:19:50 AM

ferretman: and almost 89,000,000 not in the work force.


If we bring back child labor that number will certainly decrease.
 
2012-09-07 11:20:03 AM

bmongar: sprawl15: ghare: So, you're saying the money isn't trickling down?

He's saying that it's a damn shame that children aren't working.


And the elderly don't forget the elderly.


Nope, the elderly should just die already.
 
2012-09-07 11:20:44 AM

GAT_00: ferretman: GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.

It's a false growth though.

Is that why the U-6 fell from 15% to 14.7%? Isn't that the "real" number and it fell even more than the U-3?


Is the a U7 that includes children and lazy old people? I bet you anything their jobless rate increased.
 
2012-09-07 11:20:59 AM

impaler: U6 is pretty much just U3 multiplied by 1.74.


Interesting. Why is that? What's the meaning of that number?
 
2012-09-07 11:21:46 AM
if only more of you idiots would have given up on finding a job, the rate might have dropped below 8.

c'mon now. get busy and give up for obama!
 
2012-09-07 11:22:14 AM
Rick Santelli over at CNBC sounds like he's going to have a stroke.

He's red faced and screaming that this is part of some conspiracy to report a 7.9 number before the election.
 
2012-09-07 11:22:17 AM
Via Romney: "We aren't better off than they were four years ago. My plan for a stronger middle class will create 12 million new jobs by the end of my first term. America deserves new leadership that will get our economy moving again."

Has he told anyone that plan, other than "tax cuts"?
 
2012-09-07 11:22:49 AM

sweetmelissa31: If we bring back child labor that number will certainly decrease.



4.bp.blogspot.com


That coal ain't gonna mine itself.
 
2012-09-07 11:22:51 AM
Looking good:

www.electoral-vote.com
 
2012-09-07 11:23:05 AM

impaler: adiabat: Good news is the U-6 ( Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force - the REAL number.) is 14.7%
From 2002-2008 the worst it ever got was 13.5%.

The "real" number? All countries use U3 as the standard metric.

U6 is pretty much just U3 multiplied by 1.74. They say the same thing, just have a different scale. Why would you call the larger scale "real" when people use the smaller one?

[research.stlouisfed.org image 630x378]


img855.imageshack.us

FTFY
 
2012-09-07 11:23:13 AM

wxboy: ferretman: GAT_00: ferretman: Spiffy? It's a total failure. only +96,000 jobs....with 368,000 people who dropped out and almost 89,000,000 not in the work force.

It's still growth and the unemployment rate fell. That's probably enough. Incumbents usually win when the unemployment rate falls during re-election.

It's a false growth though.

Do you think most people know and/or care? They just look at the number reported.


It depends on if the people you know are looking for jobs, or if the people you know don't have anything to worry about. People looking for jobs aren't going to be impressed. People who don't have to worry about money or the rent will probably do the most positive spin?
 
2012-09-07 11:23:15 AM

WhyteRaven74: ferretman: .with 368,000 people who dropped out

Ever heard of retirement?


With both the U3 and U6 dropping, is it fair to guess that, as a result of so many businesses getting business back and the stock market taking off, we're seeing a wave of people who had previously been delaying retirement who are now again able?

Probably not all 368k, but significantly enough?

// and what's the "underemployment" measure?
 
2012-09-07 11:23:23 AM

ferretman: It's a false growth though.


It was a false drop in the Bush admin, right?
 
2012-09-07 11:23:30 AM
School also just started. Someone pointed out that a big majority of those that stop looking for work is highschool/undergrad age bracket.
 
Displayed 50 of 714 comments

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report