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Old 05-10-2014, 02:23 PM
 
Location: Pasadena, CA
9,828 posts, read 9,419,527 times
Reputation: 6288

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California's unemployment rate will almost certainly be lower than 8.1% when the data is released later this month, somewhere in the neighborhood of 7.5%. Here in Southern California, the uptick in economic activity is obvious. Consumer confidence is improving as well: Los Angeles County businesses bullish on the economy, not so happy about taxes and fees
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Old 05-10-2014, 02:27 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,449,471 times
Reputation: 8955
Quote:
Originally Posted by Tulemutt View Post
Let's see. Opinions of David Horsey, a Pulitzer Prize winning political cartoonist, are a joke.
Exactly.

Quote:
Originally Posted by Tulemutt View Post
Contrasted with, say, the opinions of random men / women on the street posting on an anonymous Internet forum. OK!
Opinions?

So you are calling these opinion?

U-5 and U-6 indicators: U6 Unemployment Rate | MacroTrends

CA Unemployment Rate: California Unemployment Rate

Poor Working Conditions in CA: http://www.policymatters.ucr.edu/pma...-warehouse.pdf

Working Conditions


You clearly have difficulty separating facts from opinions.

Quote:
Originally Posted by Tulemutt View Post
And a positive change of 4% in the employment rate of a state doesn't represent growth. This observation also from one of those random anonymous forum posters. OK!

And I suppose those employment growth statistics sourced from Arizona State University are also a joke.
Exactly it represents a lagging economic indicator

http://www.fas.org/sgp/crs/misc/R42063.pdf
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Old 05-10-2014, 03:45 PM
 
Location: On the water.
21,739 posts, read 16,356,570 times
Reputation: 19831
Quote:
Originally Posted by TVC15 View Post
Exactly.

Opinions?

So you are calling these opinion?

U-5 and U-6 indicators: U6 Unemployment Rate | MacroTrends

CA Unemployment Rate: California Unemployment Rate

Poor Working Conditions in CA: http://www.policymatters.ucr.edu/pma...-warehouse.pdf

Working Conditions


You clearly have difficulty separating facts from opinions.



Exactly it represents a lagging economic indicator

http://www.fas.org/sgp/crs/misc/R42063.pdf
Questions for you.
Do you know what it takes to win a Pulitzer?
Do Pulitzers in ANY type of journalism, including political cartooning, reflect the recipient is knowledgable of topics expressed?
Do you think Pulitzers are biased toward people who support California and dislike Texas?
And finally, do you think that 8 is less than 12? If so, what does it take to accomplish that change in terms of unemployment?

The U-5 and U-6 are valid indicators of workforce economics. So is the U-2. Depends on what you are measuring. Since the U-2 is the indicator referred to in previous posts, the comparison of its rate of change is appropriate. It IS an entirely valid indicator of positive change. As the stats quoted in the ASU employment growth report linked verify.

Get over it.
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Old 05-10-2014, 03:49 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,449,471 times
Reputation: 8955
Quote:
Originally Posted by Tulemutt View Post
Questions for you.
Do you know what it takes to win a Pulitzer?
Do Pulitzers in ANY type of journalism, including political cartooning, reflect the recipient is knowledgable of topics expressed?
Do you think Pulitzers are biased toward people who support California and dislike Texas?
And finally, do you think that 8 is less than 12? If so, what does it take to accomplish that change in terms of unemployment?

The U-5 and U-6 are valid indicators of workforce economics. So is the U-2. Depends on what you are measuring. Since the U-2 is the indicator referred to in previous posts, the comparison of its rate of change is appropriate. It IS an entirely valid indicator of positive change. As the stats quoted in the ASU employment growth report linked verify.

Get over it.

OMG your assessment about the Pulitzer for a political columnist/cartoonist are absurd and quite funny. lol!

I say get educated about facts before posting nonsense.

"The unemployment rate is a lagging indicator: employment tends to increase two or three quarters after an upturn in the general economy."

Economic indicator - Wikipedia, the free encyclopedia
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Old 05-10-2014, 05:08 PM
 
96 posts, read 205,506 times
Reputation: 112
Ok, let's be honest here....we could argue all day about freaking unemployment numbers, but in addition to:

(1) creating higher paying better jobs (non agricultural job creation as noted in my first post)

(2) having a VASTLY better environment overall (scenery, things to do, weather, climate);

The quality of life and education (which equals for many their future and their legacy to their children) is simply overall better in California.

When a wealthy immigrant in some foreign country decides to live in the USA, they might opt for Irvine, or San Francisco, or San Diego, but no way in hell would they be opting for San Antonio, or Dallas, or Houston if they had a choice.

List of U.S. states by educational attainment

California #1 (HS)
Texas #50 (HS)

http://en.wikipedia.org/wiki/List_of...nal_attainment

Top Colleges 2013 (Forbes)

California schools are #1, #2, #18, #22

Texas colleges are not in top 25

http://www.forbes.com/sites/caroline...colleges-2013/

Then we go on to quality of life and well-being...as in which people in which states are the happiest and think better of their lives.

Best cities to live in terms of overall quality of life (Gallup) in 2014

California has THREE cities in the top 10, Texas ZILCH.

Texas has one city in the bottom ten. California has none.

Provo, Utah is the Best Place to Live According to Gallup's Ranking of America's Cities - The Wire

Highest quality of life States (Forbes/Gallup 2008)

California #9
In Pictures: America's Best States to Live - Forbes

Texas #21
In Pictures: America's Best States to Live - Forbes

The Happiest States (Gallup 2013)

California #17

Texas not in the top 20

Top 10 Happiest States: Did Yours Make The List? - Forbes

Last edited by somersetguy; 05-10-2014 at 05:32 PM..
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Old 05-10-2014, 05:15 PM
 
30,896 posts, read 36,965,098 times
Reputation: 34526
Quote:
Originally Posted by Tulemutt View Post
Let's see. Opinions of David Horsey, a Pulitzer Prize winning political cartoonist, are a joke. Contrasted with, say, the opinions of random men / women on the street posting on an anonymous Internet forum. OK!
Yes, the Pulitzer Prize is very politically motivated. Practically everyone who wins is a leftist. So, yes, it is a joke.
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Old 05-10-2014, 05:45 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,449,471 times
Reputation: 8955
Quote:
Originally Posted by somersetguy View Post
Ok, let's be honest here....we could argue all day about freaking unemployment numbers, but in addition to:


List of U.S. states by educational attainment

California #1 (HS)
Texas #50 (HS)

List of U.S. states by educational attainment - Wikipedia, the free encyclopedia
What educational attainment have you reached?

You are comparing HS attainment? LOL!

Let's look at Bachelor of Science Attainment from your link:

Texas: 25.5% Rank 30

CA: 23.8% Rank 40


Now lets look at Advanced Degree Attainment:

Texas: 8.5% Rank 33

CA: 7.9% Rank 39

LOL!!

And all the other links you posted are just Forbes rankings that are notoriously known for not amounting to a hill of beans.

FYI before you take those rankings to heart. http://www.cbsnews.com/news/best-col...real-rankings/

And if you are wanting to compare the 2 states just do a search on the CA forum and read until your hearts content.
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Old 05-10-2014, 06:26 PM
 
Location: LBC
4,156 posts, read 5,564,761 times
Reputation: 3594
Quote:
Originally Posted by mysticaltyger View Post
Yes, the Pulitzer Prize is very politically motivated. Practically everyone who wins is a leftist. So, yes, it is a joke.
Reality has a well known liberal bias.
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Old 05-10-2014, 06:28 PM
 
Location: On the water.
21,739 posts, read 16,356,570 times
Reputation: 19831
Quote:
Originally Posted by TVC15 View Post
OMG your assessment about the Pulitzer for a political columnist/cartoonist are absurd and quite funny. lol!

I say get educated about facts before posting nonsense.

"The unemployment rate is a lagging indicator: employment tends to increase two or three quarters after an upturn in the general economy."

Economic indicator - Wikipedia, the free encyclopedia
Interesting. You propose that the opinions of a two time Pulitzer winner are a joke. And now you ridicule me for asking you for an explanation. I note you didn't answer any of my questions. I suspect I am not the only reader here who would enjoy understanding your mirth.

As one who spent nearly 50 years in the printing graphics trades, I really subscribe to the view that "a picture is worth a thousand words." The tradition of editorial graphics / cartooning has been a very highly regarded art for a very long time. Horsey is recognized as one of the best of the best. If you don't agree with him, that's fine. But you haven't explained how you can dismiss his opinion as "a joke". Published in 450 newspapers, he is a pretty educated, erudite, highly honored, well respected joke.

As for "lagging indicators", again you don't make any connection to its use in this thread. Do you know the meaning of "lagging indicator"? Your quotation is a non-sequitur. Do you think that the unemployment rate has gone back up since the last report? Is that what you are saying? Lagging indicator simply means it is not current data. But the consistently trending data story is strongly positive. Do you think that trend has suddenly taken a turn for the worse? Otherwise, the "lagging indicators" still support growth in the present.
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Old 05-10-2014, 06:30 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,449,471 times
Reputation: 8955
I can post the information but I can't understand it for you. And if you fail to understand it then that is your problem.
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