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I don't give a rats arse what the "official" unemployment rate is, the total employment statistics are still a train-wreck. Our population has grown by about 15 million in the last 6 years but we have 3 million fewer people employed. There's no good spin to put on that.
Obama is on the road to sealing his legacy as one of the greatest leaders in American history. Even Lincoln had his detractors but is now considered one of the greatest. 50 years from now Obama will be in the club with the greatest of the great, maybe even on our currency. Go Obama!
People really shouldn't post on internet forums after they've done acid.
You posted this specifically to get the haters response.
How about the people with common sense who understand that unemployment has not gone down. The work partcipation pool has declined, rendering unemployment artificially lower.
Simple math:
A decade ago the participation rate was about 68% (5 years ago 65%), now it's about 61%. 7% of eligible workers have either quit looking or stopped working. In reality the true unemployment rate is about 16%.
Obama has been a raging success at selling food stamps though!
When Republicans lose, America wins...like today for example: unemployment rate lowered, 200k+ jobs created, and Bin laden s son in law captured. Its great to be an American!
You want to explain how this is "great" to everyone?
Quote:
The unemployment rate edged down to 7.7 percent in February but has shown little movement, on net, since September 2012. The number of unemployed persons, at 12.0 million, also edged lower in February. (See table A-1.)
Among the major worker groups, the unemployment rate for whites (6.8 percent) declined in February while the rates for adult men (7.1 percent), adult women (7.0 percent), teenagers (25.1 percent), blacks (13.8 percent), and Hispanics (9.6 percent) showed little or no change. The jobless rate for Asians was 6.1 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)
In February, the number of long-term unemployed (those jobless for 27 weeks or more) was about unchanged at 4.8 million. These individuals accounted for 40.2 percent of the unemployed. (See table A-12.)
The employment-population ratio held at 58.6 percent in February. The civilian labor force participation rate, at 63.5 percent, changed little. (See table A-1.)
The number of persons employed part time for economic reasons, at 8.0 million, was essentially unchanged in February. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
In February, 2.6 million persons were marginally attached to the labor force, the same as a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 885,000 discouraged workers in February, down slightly from a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.7 million persons marginally attached to the labor force in February had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
So when unemployment is up, its the presidents fault, when its down you thank the house? What kind of stupid logic is that? And by the way, republicans only lead the house, not the senate.
Unemployment “rate” versus Employment level
Unemployment percentage only represents the number of recipients versus the working population, not the level of employment. A drop in the ‘unemployment rate’ only reflects the change in number of recipients.
....
Though the trend shows a job gain since the low of 2009, there is a NET loss of 2,085 thousand jobs (2 million jobs) from 2008 to 2012.
The trend shows a 2 million per year increase in jobs (roughly), which if it continues, would take two more years (2014) to reach 2007 levels.
Note: this survey only shows quantity, not quality of employment.
U.S. population has grown by 1.2% per year, which when added into the computation, shows that job growth would have to exceed 2007 levels by at least 6% (8 million more).
[Also omitted any reference to the drop in buying power (deflation) of the dollar bill, which adds more hardship.]
Last edited by jetgraphics; 03-08-2013 at 06:03 PM..
You want to explain how this is "great" to everyone?
You can stay bitter and angry and reminisce about the days when the country was collapsing under Dubya. The rest of us will take this good news and power forward and target more job gains.
I don't give a rats arse what the "official" unemployment rate is, the total employment statistics are still a train-wreck. Our population has grown by about 15 million in the last 6 years but we have 3 million fewer people employed. There's no good spin to put on that.
That's the part they conveniently leave out, as they pat themselves on the backs for a job marginally failed. These unemployment figures = that pig with lipstick on it.
The sad thing... people are posting like 7.8% is good.
Reagans 5th year 7.3% (after inheriting Carter's mess which led to 10+%)
Clintons 5th year 5.6%
GWB's 5th year 5.3%
You can stay bitter and angry and reminisce about the days when the country was collapsing under Dubya. The rest of us will take this good news and power forward and target more job gains.
So the greatest economic news you could muster up was the BLS saying your growth in employement is still pretty much stagnant.
And that's you "powering forward" and targeting more "job gains?"
Most are not. They remain poor. You act as if it is a soap or sport.
Politics is a sport. Haven't you noticed it's Obama vs. Republicans and Obama's pitching a shutout. The republicans are trying all kinds of trick plays but none work. No matter what they do, Obama wins elections, wars are ending, unemployment is dropping, the Dow is off the charts and Obamacare will be taking effect. Those things mean more of us are winning becuase Obama keeps winning. Of course one of the Republican trick plays is to move Obama's goalpost depending on where he is on the field, unemployment drops but no those aren't the real numbers and on and on. It's just time to get beyond the game was my point. It's been an Obama blowout, time for the Republicans to go away and rebuild their team, and stop onside kicking. It's not working. They are wasting our time with all the tricks.
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Nothing to cheer about
