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Old 09-09-2019, 11:09 AM
 
Location: Florida
63,822 posts, read 34,869,787 times
Reputation: 10663

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Quote:
Originally Posted by Roadking2003 View Post
A high rate of employment has many positive benefits including helping the economy and reducing dependence on government. There is nothing more important to address income inequality than JOBS.
--------------
The number of people employed in the United States hit a record 157,878,000 in August, according to the employment report released today by the Bureau of Labor Statistics.
It is a meaningless number since it is going to go up as the population increases. The economy is adding very few jobs, and the stock market is horrible.
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Old 09-09-2019, 11:10 AM
 
Location: Florida
63,822 posts, read 34,869,787 times
Reputation: 10663
Quote:
Originally Posted by tipsyguam View Post
Another negative poster already tried to spin the same good report as negative here:
Economy added disappointing 130,000 jobs in August
130K is disappointing, no matter how you spin it.
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Old 09-09-2019, 11:11 AM
 
Location: NE Mississippi
14,110 posts, read 8,826,906 times
Reputation: 20518
Quote:
Originally Posted by Joe the Photog View Post
Unemployment rate only dropped because more people are out of labor force & have stopped looking for work. Not a real recovery, phony numbers.

But even a forehead smack doesn't do justice to that comment.
This Chart will show that job openings are at an all time high.
Wanna 'splain that to us?
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Old 09-09-2019, 11:16 AM
 
9,860 posts, read 2,975,647 times
Reputation: 5863
It's been falling for years now. But yes, low unemployment is a good thing.
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Old 09-09-2019, 03:52 PM
 
Location: Ohio
20,350 posts, read 14,471,005 times
Reputation: 16529
Quote:
Originally Posted by Finn_Jarber View Post
130K is disappointing, no matter how you spin it.
It's disappointing to the ignorant and uninformed.

Since 1970 --- and that is 49 years -- there has been one and only one year in which employment increased in August and that was 1972:

Year Jul Aug
1970 80343 79965 -378
1971 80942 80897 -45
1972 83911 83993 82 (+82,000 jobs)
1973 87042 86616 -426
1974 88897 88479 -418
1975 87742 87726 -16
1976 90908 90690 -218
1977 93879 93846 -33
1978 97917 97855 -62
1979 100814 100174 -640
1980 100665 100202 -463
1981 102612 102152 -460
1982 101490 101177 -313
1983 103273 103167 -106
1984 107484 106694 -790
1985 108854 108628 -226
1986 111832 111515 -317
1987 114652 114527 -125
1988 117066 116737 -329
1989 119502 119092 -410
1990 120882 120096 -786
1991 119666 118758 -908
1992 120744 120070 -674
1993 122352 122018 -334
1994 124503 124493 -10
1995 126548 125926 -622
1996 128579 128143 -436
1997 131350 130865 -485
1998 132769 132206 -563
1999 134800 134264 -536
2000 137769 137308 -461
2001 138239 136809 -1430
2002 137495 137295 -200
2003 138503 138137 -366
2004 140700 140226 -474
2005 143283 143142 -141
2006 145606 145379 -227
2007 147315 146406 -909
2008 146867 145909 -958
2009 141055 140074 -981
2010 140134 139919 -215
2011 140384 140335 -49
2012 143126 142558 -568
2013 145113 144509 -604
2014 147265 146647 -618
2015 149722 149228 -494
2016 152437 151804 -633
2017 154470 153576 -894
2018 157004 155539 -1465
2019 158385 157816 -569



Again, I ask, what moron is so stupid and uninformed that they actually believe jobs should increase in August?
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Old 09-09-2019, 03:59 PM
 
780 posts, read 931,985 times
Reputation: 1103
Yeah...people working 2-3 jobs to make ends meet are surely inflating those employment numbers.
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Old 09-09-2019, 04:01 PM
 
Location: Florida
63,822 posts, read 34,869,787 times
Reputation: 10663
Quote:
Originally Posted by Mircea View Post
It's disappointing to the ignorant and uninformed.

Again, I ask, what moron is so stupid and uninformed that they actually believe jobs should increase in August?
Yes, yes, of course. You are so clever, and everyone else is so stupid
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Old 09-09-2019, 04:43 PM
 
Location: Kansas City, MISSOURI
9,610 posts, read 2,922,889 times
Reputation: 7355
Mircea's own example show the ridiculousness of his/her claim: Since the # of employed ALWAYS goes down in August, what is the point of using unadjusted numbers? From a policy standpoint the point of coming up with monthly jobs numbers is to tell whether the economy (or at least the jobs market) is doing better or worse. If you use numbers that don't account for seasonality that's hard to discern. If you adjust for seasonality you can tell the direction things are heading.

I mean ... if a whole bunch of school teachers aren't working in August because, well, it's August and school is out - who cares? It happens every year. The point of seasonal adjustments is to screen out the stuff that happens every year and focus on the trends.

It's also terribly dishonest that he/she always cites the household survey numbers when everybody is talking about the establishment survey numbers.
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Old 09-09-2019, 08:11 PM
 
Location: Buckeye, AZ
27,768 posts, read 16,082,437 times
Reputation: 9981
Quote:
Originally Posted by James Bond 007 View Post
Mircea's own example show the ridiculousness of his/her claim: Since the # of employed ALWAYS goes down in August, what is the point of using unadjusted numbers? From a policy standpoint the point of coming up with monthly jobs numbers is to tell whether the economy (or at least the jobs market) is doing better or worse. If you use numbers that don't account for seasonality that's hard to discern. If you adjust for seasonality you can tell the direction things are heading.

I mean ... if a whole bunch of school teachers aren't working in August because, well, it's August and school is out - who cares? It happens every year. The point of seasonal adjustments is to screen out the stuff that happens every year and focus on the trends.

It's also terribly dishonest that he/she always cites the household survey numbers when everybody is talking about the establishment survey numbers.
I guess you don't know that you use whatever data to drive home your point. Remember when the same people saying Trump's jobs numbers are good, was saying Obama's similar jobs numbers were faked and that the real unemployment rate is the Labor Force Participation Rate? Now that Trump is in, the LFPR isn't talked about... FYI, it isn't that much more than the lows during the Obama years...
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Old 09-09-2019, 08:46 PM
 
Location: Unperson Everyman Land
30,837 posts, read 20,352,901 times
Reputation: 8564
Quote:
Originally Posted by James Bond 007 View Post
When Trump took office, the unemployment rate was already near the 2007 low - which, itself, was already the 2nd-lowest level since 1970. All you needed was modest job growth to get the rate lower.

https://fred.stlouisfed.org/series/UNRATE
^
Can you see the 2016 election on that chart? If you say you can see anything dramatic occurring after the 2016 election, you're lying. It was simply continuing on the same trajectory it had been on since it topped out in early 2010.
Sure, because modest job growth always continues past 5%, 4%...all the way down to 3.7%, and maybe even lower.

And not only that, this super low unemployment stays that low for extended periods of time, perhaps several years.

This is all very common.

The only catch is, this common thing that always happens is in on a fifty-year cycle.

Trump was simply lucky enough to be president at the end of the fifty-year cycle.

Meanwhile...

Worker paychecks are showing their biggest gains since the recovery began a decade ago, and are more than keeping up with inflation.

https://www.cnbc.com/2019/02/13/work...then-some.html
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