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(CBS DC)   White House: "It is important not to read too much into one monthly jobs report." Probably not the past 41 monthly reports either   (washington.cbslocal.com) divider line 384
    More: Obvious, White House, Alan Krueger, CBS Radio  
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1420 clicks; posted to Business » on 07 Sep 2012 at 3:16 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-07 01:59:19 PM
Trends, how do they work?

/doom and gloom mongering won't get your boy elected, subby
 
2012-09-07 02:02:43 PM
Fun Fact: Romney's campaign wouldn't allow him to make a statement on the jobs report this morning until they could do it when there were no cameras present, for fear of him looking gleeful about the lower than expected numbers.
 
2012-09-07 02:22:15 PM
Do we really need this thread again?
Link
 
2012-09-07 02:22:46 PM

impaler: Do we really need this thread again?
Link


Every 4 hours until everyone is in agreement.
 
2012-09-07 02:24:22 PM
img809.imageshack.us
 
2012-09-07 02:28:09 PM

ignatius_crumbcake: [img809.imageshack.us image 564x352]


Every time a Farker posts an Obama Job Creation graphic some gets a job,
 
2012-09-07 02:31:16 PM

make me some tea: Every 4 hours until everyone is in agreement.


Then I'll just preempt the "U6 is the 'real' unemployment" derp.

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


U3 and U6 say the same thing, they just have a different scale. So when someone states U6 (when everyone is used to U3's smaller scale), they're trying to mislead.
 
2012-09-07 02:31:16 PM

ignatius_crumbcake: [img809.imageshack.us image 564x352]



Just out of curiosity...why is unemployement still over 8% then?  Maybe job creation isn't keeping up with job losses...or something else is at work here....  hmmm.
 
2012-09-07 02:31:39 PM
I keep hearing the sky is falling, but I've had 3 recruiters call me in the last week. 
 
2012-09-07 02:34:41 PM

I_C_Weener: ignatius_crumbcake: [img809.imageshack.us image 564x352]


Just out of curiosity...why is unemployement still over 8% then?  Maybe job creation isn't keeping up with job losses...or something else is at work here....  hmmm.


About 130k new workers enter the job market every month. Guess they should have just borrowed money from their parents.
 
2012-09-07 02:34:48 PM
Reaganomics still doesn't work.. This isn't news. We have no manufacturing base so we're trickling our money off-shore and that's going to keep happening until supply side economics is dismantled. Romney isn't going to walk in and shiat jobs and he's only going to get us deeper into the economic mess we're already in. Take trickle down and shove it up your ass mittens.
 
2012-09-07 02:34:57 PM

make me some tea: impaler: Do we really need this thread again?
Link

Every 4 hours until everyone is in agreement.


Fine. I agree that cherry pie is the best pie. Anyone want to carry the motion?
 
2012-09-07 02:36:08 PM

impaler: U3 and U6 say the same thing, they just have a different scale. So when someone states U6 (when everyone is used to U3's smaller scale), they're trying to mislead.


I have been tagging them as U6 trolls. And after a few postings, I just put them on ignore. they NEVER have anything to say. EVER
 
2012-09-07 02:36:26 PM

James!: I keep hearing the sky is falling, but I've had 3 recruiters call me in the last week.


I was a recruiter from Jan 2010-June 2012. 2010 was freakin' ROUGH! Nobody hiring, everyone looking. By the time I left a few months ago, I was having a tough time finding people for all the open job orders I had.
 
2012-09-07 02:36:45 PM

Nadie_AZ: make me some tea: impaler: Do we really need this thread again?
Link

Every 4 hours until everyone is in agreement.

Fine. I agree that cherry pie is the best pie. Anyone want to carry the motion?


sour cherry pie?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
 
2012-09-07 02:38:39 PM

ignatius_crumbcake: I_C_Weener: ignatius_crumbcake: [img809.imageshack.us image 564x352]


Just out of curiosity...why is unemployement still over 8% then?  Maybe job creation isn't keeping up with job losses...or something else is at work here....  hmmm.

About 130k new workers enter the job market every month. Guess they should have just borrowed money from their parents.



Exactly.  Without decent growth, the job creation cannot keep up with new workers joining the job market.  That is the biggest issue.  So, saying he created some jobs over the past few years that hasn't kept up with the predictible trend of new workers....is like saying his record is "less bad than if he did nothing".  "Obama...not as bad as it could have been."  "We have stopped sinking like a rock.  Now we are only sinking like a waterlogged dead body."
 
2012-09-07 02:38:54 PM

Nadie_AZ: make me some tea: impaler: Do we really need this thread again?
Link

Every 4 hours until everyone is in agreement.

Fine. I agree that cherry pie is the best pie. Anyone want to carry the motion?


Depends. Do we include pies such as French Silk? If yes, die in hell. If no, then cherry pie while a contender does not stand against the combined might of strawberry and rhubarb. That unholy fusion was crafted from the prince of temptation himself.
 
2012-09-07 02:41:40 PM
Obama's plans work. Steady job growth, even though the GOP has fought and blocked everything that would help.

The stock market is at record highs and corporations have never made more profits.
 
2012-09-07 02:42:03 PM

I_C_Weener: "We have stopped sinking like a rock. Now we are only sinking like a waterlogged dead body."


But when you consider what he inherited, I think that giving that rock some buoyancy was a pretty good accomplishment. I'll take the guy who reversed the trend over the guy who represents the people that got us into this mess in the first place.
 
2012-09-07 02:43:18 PM

I_C_Weener: Exactly.  Without decent growth, the job creation cannot keep up with new workers joining the job market.  That is the biggest issue.  So, saying he created some jobs over the past few years that hasn't kept up with the predictible trend of new workers....is like saying his record is "less bad than if he did nothing".  "Obama...not as bad as it could have been."  "We have stopped sinking like a rock.  Now we are only sinking like a waterlogged dead body."


Sure would be great if he had anything resembling agreeable participation from his counterparts across the aisle, but when you are met with steadfast refusal to even engage in civil discourse let alone actual measurable and progressive solutions, then you're not going to be particularly buoyant. I'm not pinning this on on a president who at least has presented options. This ball is squarely with the House of Representatives.

Pass a bill that isn't obviously partisan and stacked against any reasonable expectation of passing, enough of this horseshiat all-or-nothing brinksmanship, enough of the petty 100% of what we want and 0% of what anyone else wants nonsense. This country isn't the United States of Republicanism. The other ~50% of the nation needs to be met with their requests as well and the abject failure to even address that reality is what is really sinking employment.
 
2012-09-07 02:44:27 PM

namatad: Nadie_AZ: make me some tea: impaler: Do we really need this thread again?
Link

Every 4 hours until everyone is in agreement.

Fine. I agree that cherry pie is the best pie. Anyone want to carry the motion?

sour cherry pie?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm



What kind of crust?
 
2012-09-07 02:45:07 PM

Elandriel: Pass a bill that isn't obviously partisan and stacked against any reasonable expectation of passing, enough of this horseshiat all-or-nothing brinksmanship, enough of the petty 100% of what we want and 0% of what anyone else wants nonsense.


Hell, I'd be happy with a bill that didn't contain an abortion amendment.
 
2012-09-07 02:46:09 PM
ct.politicomments.com
 
2012-09-07 02:48:35 PM

I_C_Weener: ignatius_crumbcake: I_C_Weener: ignatius_crumbcake: [img809.imageshack.us image 564x352]


Just out of curiosity...why is unemployement still over 8% then?  Maybe job creation isn't keeping up with job losses...or something else is at work here....  hmmm.

About 130k new workers enter the job market every month. Guess they should have just borrowed money from their parents.


Exactly.  Without decent growth, the job creation cannot keep up with new workers joining the job market.  That is the biggest issue.  So, saying he created some jobs over the past few years that hasn't kept up with the predictible trend of new workers....is like saying his record is "less bad than if he did nothing".  "Obama...not as bad as it could have been."  "We have stopped sinking like a rock.  Now we are only sinking like a waterlogged dead body."


You don't understand the numbers and the metrics of you don't care that you are deliberately clouding the water. The U6 has dropped as well relative to the entire labour force.


People enter and people leave the labour force. Whatever that delta is it is less than 96K otherwise the unemployment rate would not have dropped.

The U6 looks at all the people who want to work and the U3 looks at all the people actively looking. They both dropped since July.
 
2012-09-07 02:51:08 PM

ignatius_crumbcake: I_C_Weener: ignatius_crumbcake: [img809.imageshack.us image 564x352]


Just out of curiosity...why is unemployement still over 8% then?  Maybe job creation isn't keeping up with job losses...or something else is at work here....  hmmm.

About 130k new workers enter the job market every month. Guess they should have just borrowed money from their parents.



Your point is correct but the number is a little outdated. The CBO currently projects a labor growth of 0.7% annually for the next several years, so if we look at the pre-recession level of employment - 140 million - that's 980,000 jobs/year or about 82,500/month. That number would be a bit higher (90,000/month) if you use BLS estimates on the growth of non-institutionalized population over age 16 over the next 12 months. Either way, somewhere south of 100K.
 
2012-09-07 02:57:31 PM
God damn it IMPALER!!! I was hoping to sucker someone in and then lay down the "you just proved trickle-down doesn't work" on them.
 
2012-09-07 02:58:15 PM

I_C_Weener: namatad: Nadie_AZ: make me some tea: impaler: Do we really need this thread again?
Link

Every 4 hours until everyone is in agreement.

Fine. I agree that cherry pie is the best pie. Anyone want to carry the motion?

sour cherry pie?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm


What kind of crust?


Flakey.

Elandriel: Depends. Do we include pies such as French Silk? If yes, die in hell. If no, then cherry pie while a contender does not stand against the combined might of strawberry and rhubarb. That unholy fusion was crafted from the prince of temptation himself.


I've not had this concoction before. It sounds tempting. Wonderously tempting.
 
2012-09-07 03:07:28 PM
 
2012-09-07 03:09:02 PM

AdolfOliverPanties: ...I was hoping to sucker someone in...


Maybe I can help. Let's restart.

SomeRandomSomebody Are you arguing that the economy HAS recovered?

I would be interested in the economic indicators you reference to arrive at that conclusion.


S&P?
research.stlouisfed.org

How about GDP?
research.stlouisfed.org

Corporate profits?
research.stlouisfed.org
 
2012-09-07 03:10:26 PM
It's almost as if there's a "Standard Deviation" which is "very large" for a "single sample".

And that "subby" is "farking dumb".
 
2012-09-07 03:11:49 PM
There are manufacturers in this area (Mercer County, Ohio) that are begging for workers. With an unemployment rate at roughly 4.6% it is kinda hard. Those 4.6% that are unemployed either can't work or don't want too.
 
2012-09-07 03:14:12 PM

TheDumbBlonde: ignatius_crumbcake: [img809.imageshack.us image 564x352]

Every time a Farker posts an Obama Job Creation graphic some gets a job,


Every time you make an assertion, a mongoloid is born.
 
2012-09-07 03:19:48 PM
I think there are some spinmeisters the WH should look to hire a few threads below this one. This admitting weakness in a jobs report just won't do
 
2012-09-07 03:19:55 PM
I can has place blame on G0P obstruction?
 
2012-09-07 03:20:15 PM
Higher job growth than the Bush administration still!
 
2012-09-07 03:23:13 PM

WTFDYW: There are manufacturers in this area (Mercer County, Ohio) that are begging for workers. With an unemployment rate at roughly 4.6% it is kinda hard. Those 4.6% that are unemployed either can't work or don't want too.


Or are between jobs or have the incorrect skillset for today's market. AKA structural unemployment.
 
2012-09-07 03:23:20 PM
23.1 million not working... Not that anyone (Obama) is counting.
 
2012-09-07 03:23:25 PM
i568.photobucket.com
 
2012-09-07 03:23:39 PM
I think it's better to have slow continued growth than to deregulate, create another bubble and plummet once again into a bad recession, which seems to be Romney's plan. Let's have growth based on real jobs created based on supply and demand, not fictitious numbers on paper like in the Bush real estate crisis.
 
2012-09-07 03:23:44 PM

xsive: I can has place blame on G0P obstruction?


No. That's not real, and it never happened. The GOP is the most helpful party of all time.
 
2012-09-07 03:24:28 PM

Brick-House: 23.1 million not working... Not that anyone (Obama) is counting.


You mean the people Romney is attacking for being on welfare? Those people?
 
2012-09-07 03:25:01 PM
386,000 people dropped from looking for employment last month.

96,000 jobs created and unemployment drops .2%. WTF

This is Obamas America everybody. Sucking off the government.

Throw his ass out!
 
2012-09-07 03:25:58 PM
Oh...forgot to add the total labor force is as low as it was in 1981.

Obummer the failure.
 
2012-09-07 03:26:07 PM

TIKIMAN87: 386,000 people dropped from looking for employment last month.

96,000 jobs created and unemployment drops .2%. WTF

This is Obamas America everybody. Sucking off the government.

Throw his ass out!


You back from vacation already or did Drew make you take a blackberry?
 
2012-09-07 03:26:08 PM
I'm sure Romneys plan to cut taxes for corporations making record breaking profits wil make all this better. We need a jobs bill, we won't get it because republicans value money over people.
 
2012-09-07 03:26:41 PM

Sybarite: ignatius_crumbcake: I_C_Weener: ignatius_crumbcake: [img809.imageshack.us image 564x352]


Just out of curiosity...why is unemployement still over 8% then?  Maybe job creation isn't keeping up with job losses...or something else is at work here....  hmmm.

About 130k new workers enter the job market every month. Guess they should have just borrowed money from their parents.


Your point is correct but the number is a little outdated. The CBO currently projects a labor growth of 0.7% annually for the next several years, so if we look at the pre-recession level of employment - 140 million - that's 980,000 jobs/year or about 82,500/month. That number would be a bit higher (90,000/month) if you use BLS estimates on the growth of non-institutionalized population over age 16 over the next 12 months. Either way, somewhere south of 100K.


What you said does not contradict what he said.
 
2012-09-07 03:26:56 PM

Corvus: I think it's better to have slow continued growth than to deregulate, create another bubble and plummet once again into a bad recession, which seems to be Romney's plan. Let's have growth based on real jobs created based on supply and demand, not fictitious numbers on paper like in the Bush real estate crisis.


having strong growth is even better
 
2012-09-07 03:27:02 PM

Brick-House: DERP


Remind me again what RMoney's jobs plan is? What was that? Did you really just say tax cuts for the wealthy? You did, didn't you?
 
2012-09-07 03:27:32 PM

TIKIMAN87: Oh...forgot to add the total labor force is as low as it was in 1981.

Obummer the failure.


Baby boomers. Don't be a dumbass.
 
2012-09-07 03:27:41 PM
Obamanomics don't work. But don't worry, he'll shower you with food stamps as you stand on the unemployment line.
 
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