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Old 12-04-2009, 07:56 AM
 
292 posts, read 481,824 times
Reputation: 234

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Jobless rate drops to 10% in November -- latimes.com (http://www.latimes.com/business/la-fiw-jobs5-2009dec05,0,2951260.story - broken link)
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Old 12-04-2009, 09:29 AM
 
Location: Florida
66,788 posts, read 36,022,072 times
Reputation: 11243
Despite of certain groups best efforts to hinder recovery by spreading negative news, the tide has definetly turned. Don't expect the America haters to be happy about this. The fact that they have not commented on this, proves that they are busy cooking up negative angles to positive news.
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Old 12-04-2009, 09:36 AM
 
69,360 posts, read 56,648,057 times
Reputation: 9370
Someones math is off..
Unemployment increased 11,000 jobs in the month, but unemployment went down?
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Old 12-04-2009, 09:36 AM
 
Location: Great State of Texas
86,068 posts, read 74,080,822 times
Reputation: 27599
Quote:
Originally Posted by Finn_Jarber View Post
Despite of certain groups best efforts to hinder recovery by spreading negative news, the tide has definetly turned. Don't expect the America haters to be happy about this. The fact that they have not commented on this, proves that they are busy cooking up negative angles to positive news.
How does "news" hinder the recovery ? If a recovery is going to happen then it will happen. The MSM isn't spreading doom and gloom..if anything it's the opposite. So why aren't consumers spending then ?

Going from 10.2% unemployed to 10% unemployed is not much to jump about. At this rate how long will it take to get back under 5% unemployment ?

Given U6 is hovering at 17% is not the greatest news either.

One data point does not give "positive views". That has to be done over time. Come back in 3-6 months of consistent "up turns" and then conclude we might be recovering.

Otherwise just read about "unexpected downturns" in numbers from week to week. It's too short a timespan to make a declaration like that. You need consistent numbers over time to see if this recovery is actually taking hold.
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Old 12-04-2009, 09:38 AM
 
Location: Great State of Texas
86,068 posts, read 74,080,822 times
Reputation: 27599
Quote:
Originally Posted by pghquest View Post
Someones math is off..
Unemployment increased 11,000 jobs in the month, but unemployment went down?
Unemployed are dropping off the rolls..no more benefits.
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Old 12-04-2009, 09:40 AM
 
Location: Florida
66,788 posts, read 36,022,072 times
Reputation: 11243
Quote:
Originally Posted by pghquest View Post
Someones math is off..
Unemployment increased 11,000 jobs in the month, but unemployment went down?
Unemployment goes down when you lose 11 000, while adding 21 000.

Get it?

I knew you would come here to downplay the news and present a negative angle.
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Old 12-04-2009, 09:44 AM
 
69,360 posts, read 56,648,057 times
Reputation: 9370
Quote:
Originally Posted by Finn_Jarber View Post
Unemployment goes down when you lose 11 000, while adding 21 000.

Get it?

I knew you would come here to downplay the news and present a negative angle.
Where are you getting your claims that 21,000 jobs were added? I must have missed that part of the story.

It was a NET decrease of 11,000 jobs.. stop making up pretend new jobs that dont exist...
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Old 12-04-2009, 09:45 AM
 
7,139 posts, read 13,346,660 times
Reputation: 2342
Micronews, a concept whose time has come. ALL THE WAY down to 10%, wow. The lobotomized will surely be duly impressed. BoBo earning his Nobel now!
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Old 12-04-2009, 09:47 AM
 
Location: Florida
66,788 posts, read 36,022,072 times
Reputation: 11243
Quote:
Originally Posted by HappyTexan View Post
How does "news" hinder the recovery ? If a recovery is going to happen then it will happen. The MSM isn't spreading doom and gloom..if anything it's the opposite. So why aren't consumers spending then ?
I guess you don't watch the MSM's largest contrinutor FOX "news". All they talk about is gloom and doom.

The consumers are spending.

Quote:
Going from 10.2% unemployed to 10% unemployed is not much to jump about. At this rate how long will it take to get back under 5% unemployment ?
Well, let's see 0.2 % per month, would mean 2.4% per year. So, if would take roughly 2 years. Not too bad at all.

You should be happy, but I know it is hard to be happy when you wanted to hear more bad news. People like you are happy only when they see misery and suffering in America.
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Old 12-04-2009, 09:49 AM
 
Location: Great State of Texas
86,068 posts, read 74,080,822 times
Reputation: 27599
Quote:
Originally Posted by pghquest View Post
Where are you getting your claims that 21,000 jobs were added? I must have missed that part of the story.

It was a NET decrease of 11,000 jobs.. stop making up pretend new jobs that dont exist...
Increase in temporary help and healthcare.
All other areas continued to lose jobs.

Employment Situation Summary
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