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Old 03-04-2011, 06:56 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,744,438 times
Reputation: 2496

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Quote:
Originally Posted by Zimbochick View Post
What I find funny is that now the rate dropped it's a success for the GOP, but had the rate increased, it would have been Obama's fault.
The reverse is just as funny....right?

I have doubts about the BLS figures,it seems that there is always a need to 'revise' the numbers a month or so after....normally higher.
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Old 03-04-2011, 07:01 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,744,438 times
Reputation: 2496
So according to the BLS,unemployment dropped .1% from Jan. to Feb. and we cannot use the figures prior to this year due to revisions by the BLS right?

SO it isn't like the number of actual unemployed has dropped from 9.4% in Dec. to 8.9% in Feb.
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Old 03-04-2011, 07:09 AM
 
Location: SE Arizona - FINALLY! :D
18,949 posts, read 21,942,804 times
Reputation: 6538
Quote:
Originally Posted by oz in SC View Post
Bluefly,do you think the supposed drop is the result of the Obama administration actions?
Why not? It's been dropping for a year now.

Ken
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Old 03-04-2011, 07:11 AM
 
Location: Great State of Texas
86,093 posts, read 69,914,204 times
Reputation: 27520
Quote:
Originally Posted by oz in SC View Post
So according to the BLS,unemployment dropped .1% from Jan. to Feb. and we cannot use the figures prior to this year due to revisions by the BLS right?

SO it isn't like the number of actual unemployed has dropped from 9.4% in Dec. to 8.9% in Feb.
Due to that big adjustment yeah..I would discount December. It was like they cleaned the slate. Several economists pointed that out when discussing the January numbers. The adjustment skewed it too much for an equal comparison.
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Old 03-04-2011, 07:12 AM
 
Location: SE Arizona - FINALLY! :D
18,949 posts, read 21,942,804 times
Reputation: 6538
Quote:
Originally Posted by oz in SC View Post
The reverse is just as funny....right?

I have doubts about the BLS figures,it seems that there is always a need to 'revise' the numbers a month or so after....normally higher.
No, not "normally higher". Sometimes it's higher sometimes its lower. The revisions take place because not all the data has necessarily been received by the report date.

Ken
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Old 03-04-2011, 07:14 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,744,438 times
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Quote:
Originally Posted by LordBalfor View Post
Why not? It's been dropping for a year now.

Ken
Has it?
Remember that the BLS made a mistake in it's calculations last year.
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Old 03-04-2011, 07:14 AM
 
1,465 posts, read 4,415,463 times
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Quote:
Originally Posted by sanrene View Post
Well now....for all those asking when the GOP would be creating jobs....here you go!

Since the GOP House has put a stop to most of obama's unpopular radical leftist agenda, created a little more certainty for business and individuals with the extension of the Bush tax rates and have taken on the job-killing EPA and obamacare, we have seen a rebound in the economy.
Indeed

I can just imagine how much additional hiring would occur if the health plan was rescinded. It won't happen of course, but that would really give the corporations more confidence going forward.
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Old 03-04-2011, 07:15 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,744,438 times
Reputation: 2496
Quote:
Originally Posted by HappyTexan View Post
Due to that big adjustment yeah..I would discount December. It was like they cleaned the slate. Several economists pointed that out when discussing the January numbers. The adjustment skewed it too much for an equal comparison.
Can the Feb 2011 figures be compared to Feb 2010 and be used to show a drop or an increase?
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Old 03-04-2011, 07:15 AM
 
Location: New Mexico
8,388 posts, read 8,101,036 times
Reputation: 4070
Lightbulb Unemployment rate now 8.9%

Either:

a) it's because Boner is now speaker

-or-

b) Gingrich launched a website

Can't be the result of any Obama actions over the past two years.

</sarcasm>
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Old 03-04-2011, 07:17 AM
 
Location: USA
2,580 posts, read 3,436,350 times
Reputation: 2220
LOL riiiiiiiiiight

The unemployment rate is dropping because people are giving up and leaving the workforce altogether.
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