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?? Anyway record crude oil inventories shows the real state of the economy.
It takes 250,000 thousand jobs per month just to keep up with population growth and please understand that this jobs report added 117,000k phony birth death model trumped up jobs. This economy is pure propped up BS as evidenced by the central bankers still pouring trillions into the economy.
Why would it be sad for me? My business booms when more people have jobs And if you mean on a political front, you failed again. The job creation is accelerating as the stimulus bill is winding down, as the GOP took over the House, as the tax cuts were extended.. Nope.. not at all sad because it verifies Obama policies were a complete failure and we had to wait for them to end before the recovery can begin...
More ignorance on your part.
The stimulus did exactly what it was intended to do - stimulate the economy so that existing jobs are preserved and new jobs created until the economy is able to stand on its own. Jobs were ALREADY being created LONG before the tax cuts were extended. I DO agree that the tax cuts needed to be extended -just NOT for the top teir (which was the same position Obama took).
Businesses can trust the GOP for not over taxing and over regulating them so they feel more comfortable with the GOP in control to check the liberals tax and steal ways.
It did not take the GOP very long to start showing signs they could get us out of the mess Pelosi and Reid created.
Way to go John, you have did more in 3 months then Peloser did in 4 years.
I believe the president today is Obama. The drop is highest since 1983. It is not a benchmark, it just happens to be the last time we saw such a large drop.
The trend continues. Good news. From -700K to + 200K in two years is probably a record which goes way further back than 1983.
Gallup puts the actual unemployment rate at 10%. Who are you going to believe--Gallup or the Obama administration that hid the fact that fully a third of the bank bail out went to foreign banks?
Gallup puts the actual unemployment rate at 10%. Who are you going to believe--Gallup or the Obama administration that hid the fact that fully a third of the bank bail out went to foreign banks?
Unemployment rates are dependent on how they are calculated. If Gallup says 10%, you can be sure that's a drop from their previous number.
Private employers, the backbone of the economy, drove nearly all of the March job gains. They added 230,000 jobs last month, on top of 240,000 in February. It was the first time private hiring topped 200,000 in back-to-back months since 2006 — more than a year before the recession started.
The unemployment rate dipped from 8.9 percent in February to 8.8
percent in March. The rate has fallen a full percentage point over the last four months, the sharpest drop since 1983.
If one is drowning at the bottom of a twenty foot deep lake and one is lifted two feet to the surface, is one still drowning?
Come back and talk when unemployment is at Bush era levels of 4%. The repubican congress, as they did with Clinton, may make Obama actually look competent, if given enough time.
Gallup puts the actual unemployment rate at 10%. Who are you going to believe--Gallup or the Obama administration that hid the fact that fully a third of the bank bail out went to foreign banks?
You DO know don't you that the current BLS Commissioner was appointed by BUSH don't you? Appointment of the head of the BLS is specifically put out of sequence with Presidential elections so that there's little to no llikelyhood of the BLS being "beholden" to whoever the current administration is.
Regarding who I believe (Gallup or the BLS), the fact is, the BLS sample size is a LOT bigger than the Gallup sample size - which generally means it will give a more accurate result. The main difference between the 2 however is that the Gallup number is done without the seasonal adjustments. These adjustments will sometimes result in the reported "official" BLS UE rate being raised from the unadjusted number and sometimes being lowered from the unadjusted number and are done so that underlying trends can be spotted more clearly without the numbers bouncing around so much from month to month. It's what the BLS has done under Bush 43, Clinton, Bush 41, Reagan, etc, etc, etc (nothing new there).
Between the smaller sample size, weekly serveyss (vs monthly for the BLS) and the fact that Gallup does not seasonally adjust, Gallups' numbers bounce around a LOT.
In late January & early February of last year for example, Gallaps' "raw" UE rate was pegged at 10.8% & by August it had dropped 2 FULL POINTS to 8.9% - this was because of all the seasonal summer hiring (tourism-related jobs, farm-related jobs etc). During the same time, the official BLS number had dropped just 1/10th of a point (from 9.7% to 9.6%) because the BLS analysts knew from decades of gathering data that most of that big drop in the UE rate was because of seasonal summer jobs that would soon go away.
By October the Gallup unadjusted number had climbed back up to 10.1% and then 2 months later back down to 8.8% because of Holiday hiring. In that time, the official BLS UE rate dropped just 2/10th of a point to 9.4% While the "raw" (unadjusted) number is useful information regarding the seasonal trends that happen EVERY YEAR, this constant bouncing around also tends to make it more difficult to spot longer-term trends that are independent of these seasonal variations that happen every year.
Consequently - though the BLS ALSO reports the "not seasonally adjusted" unemployment rate every month, it's considered to be not as significant for the long-term trend than the seasonally adjusted number - which smooths out the seasonal fluctuations (raising the "official" UE rate a bit during the summer & holiday months, and lowering this same number a bit during the "lull" periods of spring and fall). Thus the "offcial" BLS number does not get as HIGH during the "lull" times of the year, nor as LOW during the "busy" times of the years - but instead ends up somewhere in the middle (with a LOT less monthly or weekly fluctuation). Niether number is "wrong" - they just show different things. One better shows short term bounces, while the other better shows long-term trends.
If you want to see the raw "not seasonally adjusted" numbers, the BLS does publish them, they are simply considered to be less useful than the seasonally adjusted numbers.
Take a peek at the Gallup long-term picture for yourself to see how much the "not seasonally adjusted" numbers bounce around:
As you can see, this time of year the raw numbers always go up (because holiday hiring is over but summer hiring has not yet begun) but this raw UE rate always drops again during summer.
Of couse folks on the Right with a political axe to grind will publicize the fact that the Gallup number is HIGHER than the BLS number (during the sping & fall when that's typically the case) but say NOTHING about it when the Gallup number is LOWER than the BLS number (during the summer & Holiday season). That's pretty dishonest in my opinion. It really doesn't matter which set of numbers your choose to follow (the "not seasonally adjusted" numbers such as those reported by Gallup) or the offcial 'seasonally adjusted" numbers reported by the BLS - but whatever one your choose to follow, if you are HONEST you will follow & report THAT SAME number each week/month. BOTH show the same overall trend, it's just that the "raw" number shows a lot more volitility and wild swings up and down.
Here's the "official" U-3 BLS unemployment rate for comparison.
Between March 2010 and March 2011 we've created 1.5 million jobs (230K created by BLS) while 2.3 million came off the UE rolls.
More folks dropped off the rolls than jobs available for them.
They believe whatever the talking heads report in the news. They have no idea of what you are saying, or the fallacious nature of an 8.8 unemployment figure.
Everything is cool the dollar is strengthening ... the employment picture is brightening ... the stock market is rising ... relax and enjoy !
Don't worry, be happy ... pay no attention to the wars ... the dead Gulf of Mexico ... the cloud of radiation hanging overhead ... the impending collapse of the international financial systems ...
It's all good ....
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And if you mean on a political front, you failed again. The job creation is accelerating as the stimulus bill is winding down, as the GOP took over the House, as the tax cuts were extended.. Nope.. not at all sad because it verifies Obama policies were a complete failure and we had to wait for them to end before the recovery can begin...
the dollar is strengthening ... the employment picture is brightening ... the stock market is rising ... relax and enjoy !
