U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-05-2012, 10:32 AM
 
4,516 posts, read 4,451,484 times
Reputation: 1544

Advertisements

Perhaps there were "163,000 new jobs" in July, but they forgot to mention the 300,000 'old' jobs that were lost.

'Did you know that a smaller percentage of Americans are working today than when the last recession supposedly ended? But you won't hear about this on the mainstream news. Instead, the mainstream media obsesses over the highly politicized and highly manipulated "unemployment rate".

The media is buzzing about how "163,000 new jobs" were added in July but the unemployment rate went up to "8.254%".

Sadly, those numbers are quite misleading. According to the Bureau of Labor Statistics, in June 142,415,000 people had jobs in the United States.

In July, that number declined to 142,220,000. That means that 195,000 fewer Americans were working in July than in June. But somehow that works out to "163,000 new jobs" in July. I am not exactly sure how they get that math to add up. Perhaps someone out there can explain it to me.

Personally, I find that the "employment rate" gives a much clearer picture of what is actually going on in the economy. The employment to population ratio is a measure of the percentage of working age Americans that actually have jobs. When it goes up that is good. When it goes down, that is bad.

In July, the employment to population ratio dropped from 58.6 percent to 58.4 percent. Overall, the percentage of working age Americans that have jobs has now been under 59 percent for 35 months in a row.'

The Employment Rate In The United States Is Lower Than It Was During The Last Recession
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-05-2012, 10:36 AM
 
Location: Fort Worth, TX
9,396 posts, read 14,724,642 times
Reputation: 6254
The media is truly despicable sometimes. I feel sorry for people who rely solely on what they get from the big 3 cable news channels.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 12:07 PM
 
Location: Metro Detroit, Michigan
19,922 posts, read 17,691,688 times
Reputation: 20088
Wait till Obama hires all the unemployed Americans a few months before the election. He won't even have to campaign after that. This guy has a lot of tricks up his sleeve, watch out...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 12:10 PM
 
Location: San Francisco
9,031 posts, read 9,620,402 times
Reputation: 5727
" in June 142,415,000 people had jobs in the United States.

In July, that number declined to 142,220,000. That means that 195,000 fewer Americans were working in July than in June. But somehow that works out to "163,000 new jobs" in July."

Could it be that some people retired or otherwise dropped out of the workforce? According to some (hysterical, right-wing, anti-Social-Security) estimates, approximately 10,000 people retire per day. That adds up to 300,000 per month.

Obviously this affects the raw employment numbers, not the employment rate. Just a little something to keep in mind.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 12:12 PM
 
1,692 posts, read 1,802,737 times
Reputation: 1190
There was also a huge blackout that affected millions of people for a good week in July. That's why we have seasonally adjusted numbers - it evens out the bumps. Next month we're likely to see a significant bump in the number of employed, not adjusted, and a smaller move in the adjusted numbers.

Think, people.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 12:13 PM
 
47,528 posts, read 65,030,820 times
Reputation: 22370
Yes the media truly has an obvious agenda.

No more of that "It's the Economy Stupid" stuff they were so happily doing when it was another election.

They quickly point out that even though unemployment rates went up, job creation went up -- but conveniently leave out the million new work visas for foreigners or the fact that many people are losing unemployment handouts and are not counted.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 12:15 PM
 
7,237 posts, read 11,833,851 times
Reputation: 5606
Keep in mind, those employment numbers also include people who retired.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 12:16 PM
 
41,533 posts, read 22,619,606 times
Reputation: 9604
Quote:
Originally Posted by pch1013 View Post
"
Could it be that some people retired or otherwise dropped out of the workforce? According to some (hysterical, right-wing, anti-Social-Security) estimates, approximately 10,000 people retire per day. That adds up to 300,000 per month.
How about a link? Or is this just typical left wing, hysterical, nanny state hyperbole speaking....or did you just want us to take your word for it?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 12:25 PM
 
Location: Metro Detroit, Michigan
19,922 posts, read 17,691,688 times
Reputation: 20088
I love how the goal post can be shifted to and fro month after month. Sadly, at the rate we are going, we are going to have to disassemble the goal post and salvage it at scrape rate to feed the masses of survivors of this abysmal Obama economy. Forever more, the very mention of the name Obama will send a sudden chill through the bones of his many millions of victims.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-05-2012, 01:21 PM
 
7,237 posts, read 11,833,851 times
Reputation: 5606
Quote:
Originally Posted by chucksnee View Post
How about a link? Or is this just typical left wing, hysterical, nanny state hyperbole speaking....or did you just want us to take your word for it?
PolitiFact Ohio | House Speaker John Boehner says 10,000 baby boomers retire every day

And from a far-right publication...

10,000 Boomers to Retire Each Day for 19 Years

Yeah, I know, facts...inconvenient...
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6. The time now is 03:59 PM.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top