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(Huffington Post)   Jobless claims plunge to five-year low, which is obviously the result of some vast left-wing conspiracy and... oh, wait, the election's over? So we can now believe in math again?   (huffingtonpost.com) divider line 220
    More: Spiffy, jobless claims, Closed Mondays, Thomas DiNapoli, Labor Department  
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2558 clicks; posted to Politics » on 27 Dec 2012 at 4:41 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-27 03:38:21 PM  
NO! Math is a liberal conspiracy!
 
2012-12-27 03:52:14 PM  
Still, the Christmas holiday may have distorted the figures. A department spokesman said many state unemployment offices were closed Monday and Tuesday and could not provide exact data. That forced the government to rely on estimates.

I'll withhold my exuberance for now.

Nonetheless, just more proof that we're heading in the right direction, and have been for years.  No matter what "conservatives" believe.
 
2012-12-27 04:42:39 PM  
Romney's 12 million job plan is working!
 
2012-12-27 04:43:30 PM  
What does Jack Welch say?
 
2012-12-27 04:44:39 PM  

NateGrey: Romney's 12 million job plan is working!


GWB's 12 million job plan is working!
GHWB's 12 million job plan is working!
 
2012-12-27 04:45:10 PM  
"I've noticed there's this backlash against intellectualism that always seems to happen when there's a Republican in office." - Bill Hicks
 
2012-12-27 04:49:53 PM  

AeAe: What does Jack Welch say?


lol
 
2012-12-27 04:51:53 PM  
Don't worry, the fiscal cliff will take care of all of this. Gotta protect those tax cuts for millionaires!
 
2012-12-27 04:53:29 PM  
'Real' unemployment numbers posted in 5...4...3...
 
2012-12-27 04:56:55 PM  
The experts disagree:

Or as someone I know correctly observed, under Obama people feel free to take a 20 hour a week "job" as Diversity Coordinator of the Splunge Foundation while going back to school to pursue an endless graduate degree in Marxist Feminist Theory, secure in the knowledge that gubbermint will pick-up the tab for your roof, your food, your healthcare, and will eventually forgive your school loans.
Link
 
2012-12-27 04:57:16 PM  

NateGrey: Romney's 12 million job plan is working!


It just required him to lose!
 
2012-12-27 04:57:46 PM  

Lionel Mandrake: Nonetheless, just more proof that we're heading in the right direction, and have been for years. No matter what "conservatives" believe.


There was an article in Slate before the election saying that whoever won the election would be blessed with a stable slow growing economy. I think what the GOP truly lost in 2012 is the ability to take any credit for it.
 
2012-12-27 04:59:40 PM  
Guess we'll see if this is correct or just more junk. I would love to believe that more people are working again, but hard when I don't see any change in my own neck of the woods. All I hear about are more people showing up at the food banks then ever before.

Will we now start seeing a decline in food stamp recipients and those who receive disability payments?

When those numbers also improve, then maybe there is a significant economic recovery going on. Too easy to hide underemployment and those who gave up looking for employment in some of the numbers.
 
2012-12-27 05:00:07 PM  
FTA:  "The unemployment rate fell to 7.7 percent in November from 7.9 percent in October mostly because many of the unemployed stopped looking for jobs. "

yes, that is a wonderful sign of a recovery.

if everyone would just quit looking, we can get to 0% unemployment and no one losing their job.
 
2012-12-27 05:02:52 PM  

Skarekrough: "I've noticed there's this backlash against intellectualism that always seems to happen when there's a Republican in office." - Bill Hicks


What's so amazing about the GOP is that never ever learn from their mistakes, so much that political jokes from comedian that died 18 farking years ago are still current.
 
2012-12-27 05:03:30 PM  

Muta: Lionel Mandrake: Nonetheless, just more proof that we're heading in the right direction, and have been for years. No matter what "conservatives" believe.

There was an article in Slate before the election saying that whoever won the election would be blessed with a stable slow growing economy. I think what the GOP truly lost in 2012 is the ability to take any credit for it.


Exactly.  Poor GOP.  Now they can't take credit for a recovery, cut taxes, cater to the rich and the military, then blame the next Dem in office for ruining the economy.  They'll need a new cunning plan.
 
2012-12-27 05:05:56 PM  

tenpoundsofcheese: FTA:  "The unemployment rate fell to 7.7 percent in November from 7.9 percent in October mostly because many of the unemployed stopped looking for jobs. "

yes, that is a wonderful sign of a recovery.

if everyone would just quit looking, we can get to 0% unemployment and no one losing their job.


Oh, right.  I forgot that the way we've been tracking the economy forever is no longer acceptable with Obama in office.
 
2012-12-27 05:07:08 PM  

NateGrey: The experts disagree:

Or as someone I know correctly observed, under Obama people feel free to take a 20 hour a week "job" as Diversity Coordinator of the Splunge Foundation while going back to school to pursue an endless graduate degree in Marxist Feminist Theory, secure in the knowledge that gubbermint will pick-up the tab for your roof, your food, your healthcare, and will eventually forgive your school loans.Link


Fark Politics Tab just hasn't been the same since FreepImpact was banned left. Though, of course, I doubt we need even more derp now that tenpoundsofstupid is here.
 
2012-12-27 05:09:49 PM  

Lionel Mandrake: Still, the Christmas holiday may have distorted the figures. A department spokesman said many state unemployment offices were closed Monday and Tuesday and could not provide exact data. That forced the government to rely on estimates.

I'll withhold my exuberance for now.

Nonetheless, just more proof that we're heading in the right direction, and have been for years.  No matter what "conservatives" believe.


Quick let's ban food stamps and unemployment insurance! End Medicare and Medicaid and use that money to boost the military budget! That'll give the economy the boost it really needs!
 
2012-12-27 05:11:28 PM  

Mouldy Squid: Fark Politics Tab just hasn't been the same since FreepImpact was banned left. Though, of course, I doubt we need even more derp now that tenpoundsofstupid is here.


Concurred. Damn shame. Freep gets pressured to stop highlighting the unhinged stupidity of the right, yet TPOC Shakur and randumbjsa get to continue their derp crusade unfettered.
 
2012-12-27 05:11:59 PM  

Lionel Mandrake: tenpoundsofcheese: FTA:  "The unemployment rate fell to 7.7 percent in November from 7.9 percent in October mostly because many of the unemployed stopped looking for jobs. "

yes, that is a wonderful sign of a recovery.

if everyone would just quit looking, we can get to 0% unemployment and no one losing their job.

Oh, right.  I forgot that the way we've been tracking the economy forever is no longer acceptable with Obama in office.


He's just depressed that all of those job bills put together by the republicans haven't made more of an impact.
 
2012-12-27 05:14:24 PM  
Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.
 
2012-12-27 05:15:18 PM  

Snatch Bandergrip: Mouldy Squid: Fark Politics Tab just hasn't been the same since FreepImpact was banned left. Though, of course, I doubt we need even more derp now that tenpoundsofstupid is here.

Concurred. Damn shame. Freep gets pressured to stop highlighting the unhinged stupidity of the right, yet TPOC Shakur and randumbjsa get to continue their derp crusade unfettered.


That's because those shiatstains spout their derp without linking to a paying customer's website in what is clear sarcasm/satire.
 
2012-12-27 05:15:46 PM  

k1j2b3: All I hear about are more people showing up at the food banks then ever before.


The data show that most of these people showing up at the food banks for the first time are people who never learned the difference between "then" and "than."
 
2012-12-27 05:16:45 PM  

MSFT: Lionel Mandrake: tenpoundsofcheese: FTA:  "The unemployment rate fell to 7.7 percent in November from 7.9 percent in October mostly because many of the unemployed stopped looking for jobs. "

yes, that is a wonderful sign of a recovery.

if everyone would just quit looking, we can get to 0% unemployment and no one losing their job.

Oh, right.  I forgot that the way we've been tracking the economy forever is no longer acceptable with Obama in office.

He's just depressed that all of those job bills put together by the republicans haven't made more of an impact.


Ah, yes...

Republicans, pre-November 2, 2010:  Jobs, jobs, jobs!
Republicans, post-November 2, 2010: Abortion!  Birth control!  Trans-vaginal probes!
 
2012-12-27 05:17:55 PM  

Lionel Mandrake: No matter what "conservatives" believe.


You could probably follow up pretty much any factual statement with this.
 
2012-12-27 05:18:24 PM  

k1j2b3: Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.


I'm sure many are government workers.
 
2012-12-27 05:19:18 PM  

k1j2b3: Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.


Well, how are the job creators supposed to create new jobs when they're paying up to 15% taxes in some cases?
 
2012-12-27 05:20:58 PM  

k1j2b3: Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.


When we we're losing hundreds of thousands of jobs per month?

No, we are definitely better than we were 4 years ago but we still got a ways to go. Thankfully we won't have a gop president to fark it s all up like usual.
 
2012-12-27 05:23:41 PM  

MSFT: k1j2b3: Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.

Well, how are the job creators supposed to create new jobs when they're paying up to 15% taxes in some cases?


15 percent? Man, if we reduced that to 0 percent, there's a whole lotta tricklin' that could happen!
 
2012-12-27 05:23:50 PM  

Mrbogey: k1j2b3: Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.

I'm sure many are government workers.


You live in Louisiana which has some of the fastest job growth in the country. Can you honestly say we are worse off than we we're 4 years ago?
 
2012-12-27 05:24:32 PM  
Lionel Mandrake:
Oh, right. I forgot that the way we've been tracking the economy forever

...has been changed on a regular basis for pretty much the same "forever," and is only good for measuring certain parts of the economy. One of the biggest changes has been to remove large numbers of people from the statistics when they've been unemployed too long, and stop seeking work. There's also the much larger number of people who went on "disability" because they couldn't get a job under any conditions. Not to mention, of course, the problem of full time versus part time employment.

The real measure has always really been employment, not unemployment - the government always used the smaller number because it looked, well, smaller. The problem is that, if you start excluding some categories (like the long-term "hopeless" unemployed), you get an unemployment number that's no longer very useful. There's also that pesky "we added 150,000 jobs when we need to add 300,000 to break even due to population increase" thing, combined with the problem that most of the recently-added jobs are on government payrolls...

When you look at the percentage of people with actual jobs, working full time, there isn't a recovery.
 
2012-12-27 05:26:42 PM  
When temp jobs and under employment aren't counted and similar figures are reported, then news like this will be more exciting.
 
2012-12-27 05:27:02 PM  

k1j2b3: Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.


I think it's fair to take some credit for the recovery, while having to swim upstream against a recalcitrant GOP standing in the way at every step. Want a faster recovery? Get the GOP out of the way. Want fewer people on food stamps? Get the GOP out of the way. Want a smaller national debt? Get the GOP out of the way. Want a balanced budget? Get the GOP out of the way.
 
2012-12-27 05:28:27 PM  

k1j2b3: I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.


This comment is particularly ignorant, given that private sector job growth has actually been rather vigorous in the past couple of years, and the employment statistics would look much better but for the precipitous decline in government jobs during that same period. Link (see #15).
 
2012-12-27 05:28:28 PM  

Mrtraveler01: Can you honestly say we are worse off than we we're 4 years ago?


Four years ago Obama was a one-term President.
 
2012-12-27 05:30:24 PM  

k1j2b3: Take credit for what recovery? The slowest recovery ever? With more people on food stamps than ever before?

Please, go ahead, take credit for this *incredible* economic boom occurring. I have no problems with that.

I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.


I see that you live in Idaho where the unemployment rate dropped below 7% for the first time in 3 years.

Tough times indeed huh?
 
2012-12-27 05:30:44 PM  

cirby: Lionel Mandrake:
Oh, right. I forgot that the way we've been tracking the economy forever

...has been changed on a regular basis for pretty much the same "forever," and is only good for measuring certain parts of the economy. One of the biggest changes has been to remove large numbers of people from the statistics when they've been unemployed too long, and stop seeking work. There's also the much larger number of people who went on "disability" because they couldn't get a job under any conditions. Not to mention, of course, the problem of full time versus part time employment.

The real measure has always really been employment, not unemployment - the government always used the smaller number because it looked, well, smaller. The problem is that, if you start excluding some categories (like the long-term "hopeless" unemployed), you get an unemployment number that's no longer very useful. There's also that pesky "we added 150,000 jobs when we need to add 300,000 to break even due to population increase" thing, combined with the problem that most of the recently-added jobs are on government payrolls...

When you look at the percentage of people with actual jobs, working full time, there isn't a recovery.


Well, now that's a sensible, thoughtful analysis.  I welcome it.

I was reacting to the knee-jerk 0bama-derp more than anything.
 
2012-12-27 05:31:02 PM  

cirby: Lionel Mandrake:
Oh, right. I forgot that the way we've been tracking the economy forever

...has been changed on a regular basis for pretty much the same "forever," and is only good for measuring certain parts of the economy. One of the biggest changes has been to remove large numbers of people from the statistics when they've been unemployed too long, and stop seeking work. There's also the much larger number of people who went on "disability" because they couldn't get a job under any conditions. Not to mention, of course, the problem of full time versus part time employment.

The real measure has always really been employment, not unemployment - the government always used the smaller number because it looked, well, smaller. The problem is that, if you start excluding some categories (like the long-term "hopeless" unemployed), you get an unemployment number that's no longer very useful. There's also that pesky "we added 150,000 jobs when we need to add 300,000 to break even due to population increase" thing, combined with the problem that most of the recently-added jobs are on government payrolls...

When you look at the percentage of people with actual jobs, working full time, there isn't a recovery.


Bolded part is ABSOLUTELY FALSE. Jobs reports are for non-farming PRIVATE SECTOR jobs. Overall unemployment, however, is for all jobs, including government jobs. The truth is that government jobs have been shed massively. More than 600,000 public sector jobs (federal, state and municipal) have been lost since 2009. If those jobs were not removed, the overall unemployment rate would be closer to 6.7% instead of the current 7.8% or so.
 
2012-12-27 05:33:14 PM  

BMulligan: k1j2b3: I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.

This comment is particularly ignorant, given that private sector job growth has actually been rather vigorous in the past couple of years, and the employment statistics would look much better but for the precipitous decline in government jobs during that same period. Link (see #15).


But I was told that the private sector would take care and absorb the loss in public sector jobs.

Are you telling me thats Just a load of crap?
 
2012-12-27 05:34:21 PM  
aneconomicsense.files.wordpress.com

I know that chicken is sexy, but give it a rest, guys.
 
2012-12-27 05:35:42 PM  

BMulligan: k1j2b3: I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.

This comment is particularly ignorant, given that private sector job growth has actually been rather vigorous in the past couple of years, and the employment statistics would look much better but for the precipitous decline in government jobs during that same period. Link (see #15).


Fool.com? Really?
 
2012-12-27 05:39:46 PM  

Mrtraveler01: BMulligan: k1j2b3: I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.

This comment is particularly ignorant, given that private sector job growth has actually been rather vigorous in the past couple of years, and the employment statistics would look much better but for the precipitous decline in government jobs during that same period. Link (see #15).

But I was told that the private sector would take care and absorb the loss in public sector jobs.

Are you telling me thats Just a load of crap?


Long term, that may happen. A strong economy and a growing GDP solves a multitude of problems. So far, though, it's a load of crap.
 
2012-12-27 05:39:55 PM  
Is this the Bush Recovery?
 
2012-12-27 05:40:35 PM  

Lionel Mandrake: [aneconomicsense.files.wordpress.com image 800x550]

I know that chicken is sexy, but give it a rest, guys.


I hope someone eventually tags that peak in Obama's line to explain that was due to census workers.
 
2012-12-27 05:40:40 PM  
Mrtraveler01:

I see that you live in Idaho where the unemployment rate dropped below 7% for the first time in 3 years.

Tough times indeed huh?

Yes, tough times. Our local food banks were overwhelmed with requests this year. More than last year. If this is not 'tough times,' I don't know what is. The only good news is that gas just went under $3 a gallon.

BTW, look at unemployment by state...the red states are doing much better than the blue states. Conservatives are attempting to do what they can in their own states to improve employment despite the federal government...Idaho included.
 
2012-12-27 05:45:17 PM  

dericwater: cirby: "we added 150,000 jobs when we need to add 300,000 to break even due to population increase" thing,

Bolded part is ABSOLUTELY FALSE.


This bolded part is also false. According to the Atlanta Fed, we need to add about 110k jobs per month for population growth with our current participation rate.

http://www.frbatlanta.org/chcs/calculator/index.cfm
 
2012-12-27 05:45:34 PM  

keepitcherry: BMulligan: k1j2b3: I am starting to think most of the commenters on here are from the D.C. area where federal jobs and government consulting work is the norm. Try to get out of your cocoon once in awhile and see that things are much much worse than they were 3 or 4 years ago.

This comment is particularly ignorant, given that private sector job growth has actually been rather vigorous in the past couple of years, and the employment statistics would look much better but for the precipitous decline in government jobs during that same period. Link (see #15).

Fool.com? Really?


Do you know of a more trenchant general-audience commentator on economic issues than Morgan Housel?
 
2012-12-27 05:45:40 PM  

k1j2b3: Mrtraveler01:

I see that you live in Idaho where the unemployment rate dropped below 7% for the first time in 3 years.

Tough times indeed huh?

Yes, tough times. Our local food banks were overwhelmed with requests this year. More than last year. If this is not 'tough times,' I don't know what is. The only good news is that gas just went under $3 a gallon.

BTW, look at unemployment by state...the red states are doing much better than the blue states. Conservatives are attempting to do what they can in their own states to improve employment despite the federal government...Idaho included.


Minnesota has much lower unemployment than the entire southeast and has a democrat for governor and elected Obama for president. You're argument invalid.
 
2012-12-27 05:45:59 PM  

Peki: Lionel Mandrake: [aneconomicsense.files.wordpress.com image 800x550]

I know that chicken is sexy, but give it a rest, guys.

I hope someone eventually tags that peak in Obama's line to explain that was due to census workers.


And it's still well below the others at the same point.

But, demz are teh suxx at ekonomy!  big taxes for many gubbmint jarbs!!1!
 
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