7.8%
Prince Of Dorkness
Posts: 3,763
Jobs Report: U.S. Economy Adds 114,000 Jobs In September; Jobless Rate Down To 7.8 Percent.
The number of unemployed Americans is now 12.1 million, the fewest since January 2009.
Is that perfect? Well, no. But it certainly does show that while Republicans have fought tooth and nail to keep the jobless rate up and the president's reelection chances down... it hasn't really worked.
And since they have done nothing to help boost this number (not a single jobs bill, although they claimed they could focus on nothing but jobs in the last election cycle), the president pretty much gets the credit for this one.
The number of unemployed Americans is now 12.1 million, the fewest since January 2009.
Is that perfect? Well, no. But it certainly does show that while Republicans have fought tooth and nail to keep the jobless rate up and the president's reelection chances down... it hasn't really worked.
And since they have done nothing to help boost this number (not a single jobs bill, although they claimed they could focus on nothing but jobs in the last election cycle), the president pretty much gets the credit for this one.
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Sha la la la i'm in love with a jersey girl
I love you forever and forever
Adel 03 Melb 1 03 LA 2 06 Santa Barbara 06 Gorge 1 06 Gorge 2 06 Adel 1 06 Adel 2 06 Camden 1 08 Camden 2 08 Washington DC 08 Hartford 08
just saying.
thats the cause of the unemployment figures being lower?
Sha la la la i'm in love with a jersey girl
I love you forever and forever
Adel 03 Melb 1 03 LA 2 06 Santa Barbara 06 Gorge 1 06 Gorge 2 06 Adel 1 06 Adel 2 06 Camden 1 08 Camden 2 08 Washington DC 08 Hartford 08
Not really. Although they'll try to tell you that.
If that were the case, the numbers would have fallen that far the last three years, too. And they didn't.
And the real seasonal hiring never starts until November. Because the big seasonal jump in business is the day after Thanksgiving. Which is still 6 weeks away. And these are the job numbers from last month.
yeah I was being sarcastic in my response... no matter what the figures were some would find ways to discredit Obama. When the figures are good it's because of another reason (other then Obama) but when they are bad they all blame Obama.. He can't win really.
Sha la la la i'm in love with a jersey girl
I love you forever and forever
Adel 03 Melb 1 03 LA 2 06 Santa Barbara 06 Gorge 1 06 Gorge 2 06 Adel 1 06 Adel 2 06 Camden 1 08 Camden 2 08 Washington DC 08 Hartford 08
Part time employment is up.
7.5% to be exact up to 8.6 million.
Strange, but great!
Not to put a tin foil hat on or anything, but how did one survey claim 800000 jobs added, and one claim 114,000 jobs added? Is it that hard to measure real unemployment?
overall, good growth, but I don't really have a whole lot of faith in the unemployment figure. Seems like too much of a decline with such a large discrepancy in the two surveys. Hopefully October's tells us the same thing and that jobs are starting to come back.
agree with POD, I don't think seasonal hiring has anything to do with it.
From what I read, it sounds like those claiming part time jobs are up, as well as those claiming to be self employed now.
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
you can conclude what you like ...
funny stuff Thanksgiving :? give me a break... many are done shopping by then :fp:
Have you been to the mall? I saw the seasonal workers have already decorated
"Well, you tell him that I don't talk to suckas."
No kidding and we all know Democrats don't work.
I'm not surprised.. the fact is last year at this time their wasn't an increase in employment and unemployment drop.. Obama could cure cancer and the right would say he didn't do enough.
Sha la la la i'm in love with a jersey girl
I love you forever and forever
Adel 03 Melb 1 03 LA 2 06 Santa Barbara 06 Gorge 1 06 Gorge 2 06 Adel 1 06 Adel 2 06 Camden 1 08 Camden 2 08 Washington DC 08 Hartford 08
dems are the lazy dependent no good no income tax paying obama supporters
Sha la la la i'm in love with a jersey girl
I love you forever and forever
Adel 03 Melb 1 03 LA 2 06 Santa Barbara 06 Gorge 1 06 Gorge 2 06 Adel 1 06 Adel 2 06 Camden 1 08 Camden 2 08 Washington DC 08 Hartford 08
"Well, you tell him that I don't talk to suckas."
Anyway, I'm all for folks getting some work wherever they can, whether full-time or those whose one- or two-day a week jobs could turn into more.
Too bad this "good news" (12.1M is still fucked up) had to have a political dig in it; predictable, but yeah, too bad.
Nope closer to 92% of dems....but that equals about 47% of the total population.
Nope closer to 92% of dems....but that equals about 47% of the total population.[/quote]
that seems a high number now doesn't it? I know a lot of democrat supporters and they pay income tax and aren't lazy or dependent.
Sha la la la i'm in love with a jersey girl
I love you forever and forever
Adel 03 Melb 1 03 LA 2 06 Santa Barbara 06 Gorge 1 06 Gorge 2 06 Adel 1 06 Adel 2 06 Camden 1 08 Camden 2 08 Washington DC 08 Hartford 08
Of course it's high, I thought we were all joking around here this Friday?
Uh... have you not heard of "Black Friday" which is traditionally the "start of holiday shopping"
Here... I guess in this odd alternate universe you live in they don't have it. Here's a few pictures from last year...
(a) I don't go to Malls.
(b) just because the already-existing staff have already hung a few ornaments in the trees at your local shopping center doesn't mean that every store has hired all of their Christmas staff.
(c) Where are you getting that the jobs created are only in the retail market? Because two weeks ago I had to hire a second programmer and a viral media specialist. And they will still work for me in January.
was this the meet and greet at montana?
Sha la la la i'm in love with a jersey girl
I love you forever and forever
Adel 03 Melb 1 03 LA 2 06 Santa Barbara 06 Gorge 1 06 Gorge 2 06 Adel 1 06 Adel 2 06 Camden 1 08 Camden 2 08 Washington DC 08 Hartford 08
Should I have added "woot" at the end?
does that counteract political digs?
I totally read that the wrong way at first.
Oh don't worry.. I've had all my shots.
Maybe I don't want to know :fp:
I avoid black Friday but yes I have heard of it
but again seasonal hiring does not begin on that day ...
that's just the busiest day with the best sales.
Seasonal employment reflects many industries not just the retail market.
I don't like malls either, I rarely shop at all, I was there with a friend whom was applying
for said seasonal job as many were.
Jobs Report: Fuzzy Math?
Takeaway: Unemployment is likely in the 10.8-11.1% range, not 7.8%. The government needs to go back and check the math it's using.
Today’s jobs numbers don’t add up when we take a closer look at what’s been going on during the last four years under the Obama administration. The headline today was that unemployment rate was 7.8%, a suspiciously low number that any American would second guess. Stripping away the government’s window dressing, we believe that the number is somewhere in the range of 10.8-11.1% depending on the methodology used.
We continue to think the headline US unemployment rate is being artificially deflated through generationally-low labor force participation rates. Hedgeye Senior Analyst Darius Dale explains why the numbers that came out today don’t display the true state of America’s jobs and employment landscape:
“If you adjust the headline figure for a 10yr average LFPR, the US unemployment rate for September would have been 10.8% in September; a decent improvement over the 11.3% rate in August, but still elevated nonetheless – particularly relative to the elevated 8.9% adjusted rate Obama inherited from President Bush.
Interestingly, if you adjust the headline figure for the LFPR on Obama’s first day in office, the September unemployment rate would have been 11.1% – substantially elevated from the comparable 7.8% figure he inherited from Bush. What this suggests is that, over the last four years, President Obama has seen the US unemployment rate tick up 3.3% when accounting for all the disgruntled civilians who’ve completely given up looking for work since the president took over the leadership reigns of the US economy.”
Take a look at the two charts below for a visualization of the range in which we believe the unemployment rate truly lies.
While this is not the appropriate setting to debate whether or not this material erosion in the US labor market is A) a function of President Obama’s failed economic policies or
SHOW COUNT: (164) 1990's=3, 2000's=53, 2010/20's=108, US=118, CAN=15, Europe=20 ,New Zealand=4, Australia=5
Mexico=1, Colombia=1
Releasing these numbers a month before the election doesn't surprise me at all, I would have thought more of you would have seen through it.
I'm guessing the real unemployment is somewhere in the teens.
on edit: someone just beat me to it
Animals.
"Economists were expecting 113,000 more jobs and the rate to rise to 8.2 percent. Last month saw 142,000 new jobs as the rate dropped from 8.3 percent in July.
However, those numbers were revised higher, with the Labor Department putting July's number at 181,000 from the previously reported 141,000 and August up from an originally reported 96,000."
These revised numbers had a lot to do with it, as did the rise in part-time jobs.
Everyone will see this through POLITICAL lenses; unfortunately, nobody has worn their AMERICAN lenses in quite some time.
The response from Jack Welch, Allen West, and Rick Santelli is absurd and disgusting.
I would like to fight them