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Old 10-22-2013, 12:04 PM
 
Location: San Diego
5,319 posts, read 8,004,874 times
Reputation: 3376

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The downward trend continues!

[url=http://www.usatoday.com/story/money/business/2013/10/22/september-jobs-report/3146693/]U.S. gains 148,000 jobs; jobless rate, 7.2%[/url]

Quote:
The unemployment rate fell to 7.2% from 7.3%, the Labor Department said Tuesday.
The closely-watched survey was scheduled to be released Oct. 4, but was delayed by the federal government shutdown.
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Old 10-22-2013, 12:08 PM
 
4,176 posts, read 4,108,828 times
Reputation: 1667
Don't worry, conservatives, I got it for you:

"The rate only fell because people quit looking for jobs."

Taken care of.
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Old 10-22-2013, 12:08 PM
 
23,837 posts, read 20,264,847 times
Reputation: 9386
Quote:
Originally Posted by Globe199 View Post
Don't worry, conservatives, I got it for you:

"The rate only fell because people quit looking for jobs."

Taken care of.
Well, that's what the report says, right? So what's the problem?
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Old 10-22-2013, 12:11 PM
 
520 posts, read 892,330 times
Reputation: 927
Quote:
Originally Posted by RD5050 View Post
The downward trend continues!

[url=http://www.usatoday.com/story/money/business/2013/10/22/september-jobs-report/3146693/]U.S. gains 148,000 jobs; jobless rate, 7.2%[/url]
Still 2.5% higher than it should be, but thank goodness the downward trend is continuing.
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Old 10-22-2013, 12:18 PM
 
Location: NoVa
803 posts, read 1,411,914 times
Reputation: 870
Quote:
Originally Posted by Globe199 View Post
Don't worry, conservatives, I got it for you:

"The rate only fell because people quit looking for jobs."

Taken care of.

Or "The labor force participation rate dropped".
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Old 10-22-2013, 12:18 PM
 
347 posts, read 423,414 times
Reputation: 134
I read a while back since 2006 America has lost 11 million plus jobs. The last several Quarters, in terms of jobs, have been good for the country but how long do you think it will take to get those 11 million workers back working AND get 11 million MORE working.
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Old 10-22-2013, 12:19 PM
 
23,837 posts, read 20,264,847 times
Reputation: 9386
Quote:
Originally Posted by lerner View Post
Still 2.5% higher than it should be, but thank goodness the downward trend is continuing.
I don't understand this logic. We have watched the UE rate systematically drop largely because people have stopped looking for work, not because jobs were created. If we are to take your words at face value, the only conclusion that can be made is that you will be happy with a UE rate of 4.7%, even if it means millions of American's have simply stopped looking for work.

Or, if we put a partisan bent on it, you will be happy to declare Barack Obama the Best President Everâ„¢ because the UE rate is at 4.7%, no matter how it actually got there or the devastation that such an accomplishment would have bestowed.
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Old 10-22-2013, 12:19 PM
 
347 posts, read 423,414 times
Reputation: 134
???
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Old 10-22-2013, 12:20 PM
 
Location: Sale Creek, TN
4,086 posts, read 3,769,190 times
Reputation: 4405
It's late October, I wonder why hiring has picked up?
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Old 10-22-2013, 12:21 PM
Sco
 
4,259 posts, read 4,326,675 times
Reputation: 3360
Quote:
Originally Posted by Globe199 View Post
Don't worry, conservatives, I got it for you:

"The rate only fell because people quit looking for jobs."

Taken care of.
You also have to "unskew" the numbers. I am sure that some Tea Partier will come along soon to tell us that the "true" unemployment rate is much higher, they usually claim that it is actually in the 15-20% range instead.
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