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Old 03-04-2011, 12:00 PM
 
Location: The Republic of Texas
60,442 posts, read 30,688,107 times
Reputation: 12876

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Quote:
Originally Posted by BentBow
You realize, when everyone is unemployed and all unemployment benefits have been paid, we are going to have a ZERO unemployment rate, the way our deceitful government calculates it, to deceive the uneducated public.

Uneducated America is so gullible!


Did you see the number out this morning and all the recovery talk and the economy is on the up??

Yes all those that piled on the unemployment benefit list, are now off. Did they find a job, or did their benefits run out and they are still sitting at home? Where is the distinction????????????????


What was it last month... 36,000 non farm jobs filled and the UE rate fell .4 of a point? Really




Quote:
The jobs data was horrendous. Instead of the expected 140,000 new jobs, non-farm payrolls added only 36,000. This is almost 100,000 below the number needed just to keep pace with the growth in the labor force. So, once again, the government had to come up with some gimmick to gloss over the ugliness of this report, and once again it resorted to the “mysteriously vanishing labor force” trick.



Real unemployment is pushing 20-25% nation wide.... easily


I have a bridge in New York for sale... Cheap.

I also have some beach front property in Arizona... Cheap.
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Old 03-04-2011, 12:03 PM
 
Location: SE Arizona - FINALLY! :D
18,982 posts, read 21,953,404 times
Reputation: 6553
Quote:
Originally Posted by HappyTexan View Post
8% is the magic number. Get unemployment down to 8% and that will be a selling point to re-election.
Yup, I tend to agree with that. Under 8% would show a lot of improvement - and I'm pretty certain that will happen. I think it will actually happen BEFORE the end of THIS year and that by election time the UE rate will be closer to 7% than it will be to 8%.

Ken
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Old 03-04-2011, 12:04 PM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,749,153 times
Reputation: 2497
How many new jobs will be needed every month to get the unemployment rate to 7%?
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Old 03-04-2011, 12:06 PM
 
Location: Great State of Texas
86,093 posts, read 69,937,493 times
Reputation: 27520
Quote:
Originally Posted by oz in SC View Post
How many new jobs will be needed every month to get the unemployment rate to 7%?
Follow the birth/death model of the BLS
This month alone 112K new businesses were born.

http://www.bls.gov/web/empsit/cesbd.htm
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Old 03-04-2011, 12:08 PM
 
Location: SE Arizona - FINALLY! :D
18,982 posts, read 21,953,404 times
Reputation: 6553
Quote:
Originally Posted by BentBow View Post
Uneducated America is so gullible!


Did you see the number out this morning and all the recovery talk and the economy is on the up??

Yes all those that piled on the unemployment benefit list, are now off. Did they find a job, or did their benefits run out and they are still sitting at home? Where is the distinction????????????????


What was it last month... 36,000 non farm jobs filled and the UE rate fell .4 of a point?

The change in total nonfarm payroll employment for December was revised from +121,000
to +152,000, and the change for January was revised from +36,000 to +63,000.


Employment Situation Summary

And then FEBRUARY added an additional +192,000


Ken
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Old 03-04-2011, 12:10 PM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,749,153 times
Reputation: 2497
Don't forget the 136,000 new workers needing jobs...that should be deducted from the jobs created.
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Old 03-04-2011, 12:11 PM
 
Location: SE Arizona - FINALLY! :D
18,982 posts, read 21,953,404 times
Reputation: 6553
Quote:
Originally Posted by HappyTexan View Post
Follow the birth/death model of the BLS
This month alone 112K new businesses were born.

CES Net Birth/Death model
And those new business likely will have mulitple employees of SOME amount (even it's only 2 each - that MORE than enough new jobs to make up the the increase in population) - and of course that's entirely separate from any existing companies that may increase their hiring.

Ken
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Old 03-04-2011, 12:11 PM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,749,153 times
Reputation: 2497
Quote:
Originally Posted by HappyTexan View Post
Follow the birth/death model of the BLS
This month alone 112K new businesses were born.

CES Net Birth/Death model
LOL....it is simply astounding how people are willing to take the adjusted figures seriously...
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Old 03-04-2011, 12:12 PM
 
8,674 posts, read 6,349,443 times
Reputation: 3779
I don’t personally find much value in one month unemployment reports especially when there are so many changing variables that make one month comparison to another difficult. What I see are climbing energy prices and state government budget crisis which all spell future job losses.

A large part of our GDP is based upon debt. In other words, we have a debt based economy to a large degree. The debt is strangling us as a nation and threatens to collapse our currency. That debt cannot be brought under control without raising taxes and or reducing spending, both of which will result of 100’s of thousands of jobs lost.

In light of that we can hang ourselves with more debt or starve ourselves from with budget cuts that will create much more unemployment......there is no recovery. There is only delaying a further fall.
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Old 03-04-2011, 12:12 PM
 
Location: SE Arizona - FINALLY! :D
18,982 posts, read 21,953,404 times
Reputation: 6553
Quote:
Originally Posted by oz in SC View Post
LOL....it is simply astounding how people are willing to take the adjusted figures seriously...
As opposed to WHAT?

Ken
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