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Old 03-04-2011, 12:13 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,878,379 times
Reputation: 2519

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Quote:
Originally Posted by LordBalfor View Post
And those new business likely will have mulitple employees of SOME amount (even it's only 2 each - that MORE than enough new jobs to make up the the increase in population) - and of course that's entirely separate from any existing companies that may increase their hiring.

Ken
What is the proof of these new businesses even existing?
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Old 03-04-2011, 12:14 PM
 
Location: San Diego California
6,795 posts, read 7,291,785 times
Reputation: 5194
Quote:
Originally Posted by LordBalfor View Post
No, they are 2 DIFFERENT statistics - seasonally adjusted vs not-seasonally adjusted. The BLS also produces such not-seasonally figures as well.

Ken
1.1% is a lot of "adjusting".
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Old 03-04-2011, 12:15 PM
 
Location: San Antonio Texas
11,431 posts, read 19,007,279 times
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Quote:
Originally Posted by Bluefly View Post
I expected more out of you. By your logic, can you explain why the unemployment rate dropped to 9% before the Republicans did anything?

(and what have they done exactly? Brought styrofoam back to the Capitol and passed a bunch of show-boat bills that they knew had no prayer of getting beyond the House. Strong leadership...)
and now the Repugs are wasting time and $$ to defend the DOMA law. I thought that they ran onthe promise of getting America back to work.
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Old 03-04-2011, 12:15 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,878,379 times
Reputation: 2519
Quote:
Originally Posted by LordBalfor View Post
As opposed to WHAT?

Ken
UNADJUSTED figures....

Take a poll,ask a handful of pertinent questions like:
Are you employed?
If not do you want to find work?
How many hours do you work?

Publish the material.

Instead the BLS mixes in various secret ingredients to pop out the magical figures it does.
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Old 03-04-2011, 12:16 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,878,379 times
Reputation: 2519
Quote:
Originally Posted by jimhcom View Post
1.1% is a lot of "adjusting".


It sure is...yet some REFUSE to think those figures are incorrect.

What is so wrong with using the unadjusted figures?
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Old 03-04-2011, 12:19 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,340,545 times
Reputation: 7627
Quote:
Originally Posted by oz in SC View Post
Don't forget the 136,000 new workers needing jobs...that should be deducted from the jobs created.
NOBODY is forgetting that.
Job creation at the moment is still not enough to get us healthy very fast - but it's a HELL of a lot better than we had when Obama came into office (which 700,000+ job loses just that month). So we've gone from shedding 700,000+ jobs to creating nearly 200,000. That's a change of nearly 1,000,000 to the better. I'll certainly take it. Would I like to see more?
Of course I would - and we will, since the trend is for INCREASING job creation.

Ken
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Old 03-04-2011, 12:22 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,340,545 times
Reputation: 7627
Quote:
Originally Posted by oz in SC View Post
UNADJUSTED figures....

Take a poll,ask a handful of pertinent questions like:
Are you employed?
If not do you want to find work?
How many hours do you work?

Publish the material.

Instead the BLS mixes in various secret ingredients to pop out the magical figures it does.
So, the BLS "unadjusted" figures are improving TOO.


Choose your numbers - both are showing an overall trend of improvement.

There's good reasons the BLS adjusts the numbers. There are ALWAYS seasonal variations in the job numbers - ALWAYS, but those seasonal variations are not that important when you are trying to analyize trends over longer periods of time.

Ken
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Old 03-04-2011, 12:25 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,878,379 times
Reputation: 2519
Quote:
Originally Posted by LordBalfor View Post
So, the BLS "unadjusted" figures are improving TOO.


Choose your numbers - both are showing an overall trend of improvement.

There's good reasons the BLS adjusts the numbers. There are ALWAYS seasonal variations in the job numbers - ALWAYS, but those seasonal variations are not that important when you are trying to analyize trends over longer periods of time.

Ken
Who is saying otherwise?
What some of us are saying is that the figures used by the BLS are a little...fudged.

Just post the actual data and let people work it out on their own.
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Old 03-04-2011, 12:27 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,878,379 times
Reputation: 2519
Quote:
Originally Posted by LordBalfor View Post
NOBODY is forgetting that.
Job creation at the moment is still not enough to get us healthy very fast - but it's a HELL of a lot better than we had when Obama came into office (which 700,000+ job loses just that month). So we've gone from shedding 700,000+ jobs to creating nearly 200,000. That's a change of nearly 1,000,000 to the better. I'll certainly take it. Would I like to see more?
Of course I would - and we will, since the trend is for INCREASING job creation.

Ken
No-one is saying it is getting worse....it is however NOT getting better to the point some here seem to think.

Using the 137,000/month figure means 1,644,000 jobs a year need to be created to just to keep up....

Nevermind about the millions more to get the numbers down.
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Old 03-04-2011, 12:32 PM
 
Location: San Diego California
6,795 posts, read 7,291,785 times
Reputation: 5194
Quote:
Originally Posted by Old Gringo View Post
The working, living economists.
Well there are the government economists whose job it is to make political policy, and deficit spending look like it is working, so the shills in office can be re-elected.

Then there are economists who although they are employed by Universities, are supported by grants from mega corporations, that have a vested interest in being able to show statistically, that their raping, pillaging, and outsourcing of the economy is not doing any harm.

Then there are the economists who are hired by the banking industry to tell us there is no inflation, (regardless of what you experience) that the economy is improving, and that the FED is doing a good job.

Then there is a small minority of economists who actually tell you the truth, at least to some degree. They are labeled as doomers, and tin foil hats.

This way people can listen to any version of the "truth" they choose to believe.
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