It's An Unemployment Miracle!

[JAMESBJOHNSON]

The fact is that the figure going from just above 8% to 7.8% isn't any kind of wild swing. But it crossed over a psychological number so you've given birth to another one of your paranoid conspiracy theories.

Acrually it is a wild swing. 873,000 people suddenly found jobs tho the official count is 114K. I imagine BLS counts everyone who makes an eBay sale or holds a yard sale as self employed. Prolly counts all the galz with webcams and coin changers, too.

 

[mercury14]

Acrually it is a wild swing. 873,000 people suddenly found jobs tho the official count is 114K. I imagine BLS counts everyone who makes an eBay sale or holds a yard sale as self employed. Prolly counts all the galz with webcams and coin changers, too.

Maybe they count those people, maybe they don't (they don't). But their methodology didn't just change so I don't see how you have a point.

 

[JAMESBJOHNSON]

Maybe they count those people, maybe they don't (they don't). But their methodology didn't just change so I don't see how you have a point.

However it happens BLS aint sharing its methodology, and the pros who know how it oughta be done cant shoehorn 873K bodies into 114K new jobs. What makes sense and explains the puzzle are Egg Money Enterprizes like porn performing via webcam, eBay, and yard sales.

The gubmint takes the teenagers standard for sex and applies it to work, IF SHES OLD ENOUGH TO PEE SHE'S OLD ENOUGH FOR ME.

 

[mercury14]

However it happens BLS aint sharing its methodology, and the pros who know how it oughta be done cant shoehorn 873K bodies into 114K new jobs. What makes sense and explains the puzzle are Egg Money Enterprizes like porn performing via webcam, eBay, and yard sales.

The gubmint takes the teenagers standard for sex and applies it to work, IF SHES OLD ENOUGH TO PEE SHE'S OLD ENOUGH FOR ME.

I just read their methodology on their website.

 

[Pookie]

I must pat myself on the back with this post due to its insightful content.

1. We need 200K jobs per month just to keep with the population growth

Actually, that's just one number of many that some use to make things simple. I've seen numbers like 125,000, 150,000 and 175,000 thrown around recently. I believe it was this thread (could've been a different one) where someone said it was 250,000. It could be any of those numbers, but it depends on a few factors.

Here is a calculator setup up by the Federal Reserve Bank of Atlanta that shows the number of jobs needed for a particular month based on that month's population growth ...

http://www.frbatlanta.org/chcs/calculator/index.cfm

Last month, we needed 104,116 payroll jobs to maintain the same unemployment rate of 8.1%

And here is the current month's labor statistics ...

http://bls.gov/news.release/empsit.nr0.htm

This month, based on the new stats, we need 99,258 jobs to maintain the same unemployment rate of 7.8%

You have to look at each month separately. Just throwing out a 200,000 figure for every month won't cut it. That might have been the case as an historically average (or one of the other numbers thrown around lately).

 

[4est_4est_Gump]

Festivus came early this year!

 

[4est_4est_Gump]

If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman of Obama's White House Council of Economic Advisors

The magic miracle of benefit multipliers. Now you can actually find that second part-time minimum wage job...

 

[Pookie]

If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman of Obama's White House Council of Economic Advisors

The magic miracle of benefit multipliers. Now you can actually find that second part-time minimum wage job...

Good morning, Christina.

 

[mercury14]

The magic miracle of benefit multipliers. Now you can actually find that second part-time minimum wage job...

How do you explain the fact that middle class and working class wages didn't keep pace with inflation during the years of Republican control?

 

[Adre]

Bad news is good; good news is a lie.

 

[4est_4est_Gump]

What do you think of the fact that middle class and working class wages didn't keep pace with inflation during the years of Republican control?

That you will say and do anything to distract from your President's record including reposting the fresh talking points being passed around the blogosphere in his defense, a defense which he fucking failed to make on his own behalf when given the best opportunity of the reelection season, and for a guy who has been running for reelection for well over a year now, you think he would have completed at least some of his homework...

He is going to need to actually work with a Republican Congress, and I do not think he is up to that task, so he is already an isolated lame duck even though he is going to win reelection via a scorched-earth campaign that is not going to earn him a honeymoon period with the majority as he was handed last time. His only big fans will be the press and the hard Left of his party as he demonstrates his new flexibility in endless impotent, angry, bitter and partisan rhetoric of Economic Patriotism and Social Justice interspersed with important vacation time and golf practice.

 

[4est_4est_Gump]

Yes, 7.8% unemployment is good news.



Better news would have been the under 6% that borrowing from China and the Fed was going to give us when it was spent on Unions and Crony Capitalism; as Mitt said you do not pick winners and losers, you pick losers...

(But your friends win big!)

 

[RobDownSouth]

How do you explain the fact that middle class and working class wages didn't keep pace with inflation during the years of Republican control?

Very simply, that.....that.....THAT'S DIFFERENT!™
"That's Different" © 2012 Not-Republican Special Pleadings, inc. All Rights Reserved.

 

[mercury14]

Bad news is good; good news is a lie.

There's so much crap about how the BLS's numbers are impossible and don't make sense. But their methodology and numbers are right there. The folks accusing them of lying can go to the BLS site and run the numbers themselves.

 

[RobDownSouth]

There's so much crap about how the BLS's numbers are impossible and don't make sense. But their methodology and numbers are right there. The folks accusing them of lying can go to the BLS site and run the numbers themselves.

I'm enjoying the pathetic spin attempts of the Job Truthers, particularly the "But...But....U-6" crew.

 

[mercury14]

That you will say and do anything to distract from your President's record...

So the fact that middle class wage stagnation is part of a greater trend that dates back to 2001 is inadmissible? We can only talk about it as if Obama caused it?

Your logic is so shitty.

 

[RobDownSouth]

So the fact that middle class wage stagnation is part of a greater trend that dates back to 2001 is inadmissible? We can only talk about it as if Obama caused it?

Your logic is so shitty.

True Believers "know" that history began in January 2009.

Everything prior to that is irrelevant.

 

[mercury14]

I'm enjoying the pathetic spin attempts of the Job Truthers, particularly the "But...But....U-6" crew.

And fine, let's talk about the U6. It dropped .4% in September, seasonally adjusted to be about no change over 30 days. And it's dropped 1.7% in the past eleven months. Even the U6 is on the right track but the RWCJ insists that multi-month patterns don't matter.

 

[4est_4est_Gump]

So the fact that middle class wage stagnation is part of a greater trend that dates back to 2001 is inadmissible? We can only talk about it as if Obama caused it?

Your logic is so shitty.

You are flailing. It is kind of funny.

Now, do Reagan...

lol

 

[4est_4est_Gump]

Right track...



lol


You're not even bothering to put the talking points into your own words.

 

[mercury14]

True Believers "know" that history began in January 2009.

Everything prior to that is irrelevant.

Likewise they blame Obama for healthcare premiums increasing, even though that's part of a trend dating back to about 1976. Even though health care premium increases have slowed dramatically in the two years since Obamacare was passed.

 

[Pookie]

True Believers "know" that history began in January 2009.

Everything prior to that is irrelevant.

It's the only way they can keep their sanity. And for some, that's not even enough.

 

[mercury14]

You are flailing. It is kind of funny.

Now, do Reagan...

lol

You're a moron. Some problems predate Obama's administration bro.

 

[Pookie]

You are flailing. It is kind of funny.

Oh, the irony.

 

[4est_4est_Gump]

You're a moron. Some problems predate Obama's administration bro.

Now you're getting angry...


Grrrrr.....



lol