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(24/7 Wall Street)   Unrealistic unemployment numbers? You don't say   (247wallst.com ) divider line
    More: Obvious, unemployment  
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3525 clicks; posted to Business » on 29 Dec 2012 at 1:16 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-29 01:13:05 PM  
That is some of the least coherent drivel that I have had the misfortune to read in quite a while.
 
2012-12-29 01:36:37 PM  

bronyaur1: That is some of the least coherent drivel that I have had the misfortune to read in quite a while.


Translation of TFA: Unemployment is caused by a combination of local, regional, national, and international issues. Certain areas have differing issues causing their unusual variation from the national average. A national stimulus bill will not fix the core issues. High unemployment will continue until the core issues are addressed.
 
2012-12-29 01:41:19 PM  

bronyaur1: That is some of the least coherent drivel that I have had the misfortune to read in quite a while.


Kind of agree... the first few sentences suck you in and then he just blabs incoherently the rest of the way.
 
2012-12-29 02:02:10 PM  
So in other words, we're yet again told historically deduced unemployment numbers are wrong because this new, never before used standard says it's wrong.

Do go on.
 
2012-12-29 02:30:10 PM  
All I know is we have the second highest unemployment rate in the country.

The article is pretty useless though.
 
2012-12-29 03:15:09 PM  

ClavellBCMI: bronyaur1: That is some of the least coherent drivel that I have had the misfortune to read in quite a while.

Translation of TFA: Unemployment is caused by a combination of local, regional, national, and international issues. Certain areas have differing issues causing their unusual variation from the national average. A national stimulus bill will not fix the core issues. High unemployment will continue until the core issues are addressed.


You know, there's merit in that.  However, stimulus spending isn't meant to address core issues, it's meant to prime the economic engine.  It's not a fix, it's a method for preventing excessive cool-off while the market figures out how to get running properly again.  Can't have an economy without spending, and can't have spending unless money gets into the hands that spend it.  You either give money directly to lower classes, or you sponsor public works projects.  Once the lower classes get cash in-hand, they spend it, thus keeping the engine ticking over.  Our engine is just kinda sputtering right now.  Chances are good that if we stay the course, it'll rev back up smoothly over time.
 
2012-12-29 03:19:28 PM  
"Chances are good that if we stay the course, it'll rev back up smoothly over time."

there's water in the tank
 
2012-12-29 03:53:51 PM  

BigJake: "Chances are good that if we stay the course, it'll rev back up smoothly over time."

there's water tea in the tank


FTFY
 
2012-12-29 04:29:07 PM  
What would help the job outlook more than anything is certainty. Businesses can handle tax increases and they can handle the new healthcare bill and they can handle the deepthroating by state legislatures; they just want certainty.

Tell them they're getting a tax increase and follow through so every little detail ends up like it's supposed to, and the markets won't go crazy (short term biatching about it not withstanding).
 
2012-12-29 04:33:46 PM  

BigJake: "Chances are good that if we stay the course, it'll rev back up smoothly over time."

there's water in the tank


Yup. Large amounts of war always does good for the economy. Unless it's a civil war. That's rarely good for the fighting country. it tends to be good for others though. Somebody has to supply the weapons.
 
2012-12-29 05:23:17 PM  
In before some moran tells us unemployment is higher today than during the Great Depression.
 
2012-12-29 06:02:30 PM  

Kuroshin: ClavellBCMI: bronyaur1: That is some of the least coherent drivel that I have had the misfortune to read in quite a while.

Translation of TFA: Unemployment is caused by a combination of local, regional, national, and international issues. Certain areas have differing issues causing their unusual variation from the national average. A national stimulus bill will not fix the core issues. High unemployment will continue until the core issues are addressed.

You know, there's merit in that.  However, stimulus spending isn't meant to address core issues, it's meant to prime the economic engine.  It's not a fix, it's a method for preventing excessive cool-off while the market figures out how to get running properly again.  Can't have an economy without spending, and can't have spending unless money gets into the hands that spend it.  You either give money directly to lower classes, or you sponsor public works projects.  Once the lower classes get cash in-hand, they spend it, thus keeping the engine ticking over.  Our engine is just kinda sputtering right now.  Chances are good that if we stay the course, it'll rev back up smoothly over time.


It's been four years. How many more years of pump priming is required?
 
2012-12-29 06:08:49 PM  

Snarcoleptic_Hoosier: What would help the job outlook more than anything is certainty. Businesses can handle tax increases and they can handle the new healthcare bill and they can handle the deepthroating by state legislatures; they just want certainty.

Tell them they're getting a tax increase and follow through so every little detail ends up like it's supposed to, and the markets won't go crazy (short term biatching about it not withstanding).


More than that, make whatever you do PERMANENT. Having Congress and the President get into the same fight on each issue like tax rates, deficit cap, AMT, payroll taxes, etc. every year or two just conveys the message that the situation could change just down the road. As a result, everyone sits and waits for the next crisis or vote.
 
2012-12-29 07:03:33 PM  
Is it just me or did the headline have nothing to do with the article?
 
2012-12-29 07:31:57 PM  

jjorsett: ...
More than that, make whatever you do PERMANENT...


That's never happened yet.
 
2012-12-29 07:48:23 PM  

jaytkay: In before some moran tells us unemployment is higher today than during the Great Depression.


you know, real unemployment is much higher today then in the great depression.
 
2012-12-29 11:36:12 PM  
I don't understand what the article is trying to say.

I think the author might not understand how averages work.
 
2012-12-30 03:10:16 AM  
The unemployment rate going "down" over the last few months is incredibly deceiving. It makes it sound like more people are working, but that's not the case. The way the unemployment rate is calculated as a percentage is useless for various reasons and bears little relationship to the actual health and growth of the job market.
 
2012-12-30 06:14:46 AM  

jonny_q: The unemployment rate going "down" over the last few months is incredibly deceiving. It makes it sound like more people are working, but that's not the case. The way the unemployment rate is calculated as a percentage is useless for various reasons and bears little relationship to the actual health and growth of the job market.


Funny. No one was saying that when the numbers were falsely appearing to go "up" under this flawed system you've identified.
 
2012-12-30 06:38:30 AM  
This is just a link bait article. It is a piece full of nothing.

I am all for crazy articles by stupid people, but this is just a stupid article for stupid people. If it had references to Hitler, Lindsay Lohan, Mac vs PC and any measure of stirring the argument as to whether the USS Enterprise could destroy the Death Star, the article's redemptive level would actually be raised. Instead, it is just a click though troll.

Fark mods should know better than to GL stuff like this.
 
2012-12-30 10:41:26 AM  

homelessdude: This is just a link bait article. It is a piece full of nothing.

I am all for crazy articles by stupid people, but this is just a stupid article for stupid people. If it had references to Hitler, Lindsay Lohan, Mac vs PC and any measure of stirring the argument as to whether the USS Enterprise could destroy the Death Star, the article's redemptive level would actually be raised. Instead, it is just a click though troll.

Fark mods should know better than to GL stuff like this.


You would think so...but that is assuming that articles like this aren't about 90% of what we see on Fark these days...

/Now get off my lawn!!!!
 
2012-12-30 10:42:36 AM  

homelessdude: This is just a link bait article. It is a piece full of nothing.

I am all for crazy articles by stupid people, but this is just a stupid article for stupid people. If it had references to Hitler, Lindsay Lohan, Mac vs PC and any measure of stirring the argument as to whether the USS Enterprise could destroy the Death Star, the article's redemptive level would actually be raised. Instead, it is just a click though troll.

Fark mods should know better than to GL stuff like this.


The entire argument is aimed at people who don't grasp the simple concept of a "metric" - how intelligent do you expect such articles to be?
 
2012-12-30 11:41:29 AM  

dkroner: Unemployment is only going to become a larger and larger problem as time goes on due to automation. We already have more people than we need to get the work that needs to be done completed and automation is just going to push this further and further. This is a huge part of our unemployment problem in the US. When we passed that threshold of having more laborers than necessary it put us in the position of having to make a choice. Either we play the economic game of musical chairs and a large number of people are just simply farked. Or we have to restructure our social and economic systems to account for this imbalance.

I am personally in favor of option number 2 but I do not expect us to get there without a few uncomfortable decades of musical chairs.

I wrote a bit about this topic about a month ago: http://bit.ly/UmnnP5


But everybody I've tried to explain it to simply doesn't get it. The response is always that if somebody works hard enough, they'll have a job or some crap like that.
 
2013-01-01 08:28:07 AM  
Does a gawker writer work for the source website? The headline sounds like a fox takedown of a government agency.

As for NJ's unemployment, it has been hampered by lower revenue which caused a large cut in public employment. In addition to that, the financial services sector in North Jersey is smaller than at its height. If NJ got back part of the $20 billion+ that is left in DC, it could be used to rehire teachers and other public sector employees that are needed. It can also lower the tax burden on NJ taxpayers.

Some of the other states listed also have money left in DC that could fund additional job growth. It is doubtful that it would make up the 1 - 1.5% difference with the federal average but it can help.
 
2013-01-01 08:30:31 PM  

BigJake: "Chances are good that if we stay the course, it'll rev back up smoothly over time."

there's water in the tank


The starter's not the problem though. It's been putting out just about all the power the battery's been giving it.

The problem is the engine keeps cutting out.
 
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