job creation

#9
#9
paul1454 said:
More jobs is good for everyone, doesn't matter the political affiliation.
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Except that, even with the census crowd, unemployment went back up to 9.9.

Go check out Obama's senior advisors, like Geithner and Volcker, saying long term unemployment expectations are awful.
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#12
#12
paul1454 said:
People starting to look again.
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so before this massive job growth of .0001% (30% of which is census workers and non repeatable) people didn't give a crap about finding a job? My BS meter is going off.
 
#13
#13
droski said:
you mean that more people are unemployed than before? yeah i did notice that.
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incorrect.... the definition of unemployment is actively seeking a job but not having one.... so more people now who didn't have a job before but at the same time weren't looking (hence, not included in the unemployment rate) are now actively looking.

the number of people without a job went down.
 
#14
#14
droski said:
so before this massive job growth of .0001% (30% of which is census workers and non repeatable) people didn't give a crap about finding a job? My BS meter is going off.
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i'm not surprised... shockingly you ignored the part where more PRIVATE sector jobs were created this last month than in any month since march 2006.
 
#15
#15
droski said:
so before this massive job growth of .0001% (30% of which is census workers and non repeatable) people didn't give a crap about finding a job? My BS meter is going off.
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Some had given up actively looking, and thus didn't appear in the unemployment figures (in other words, unemployment was/is actually higher than the reported figures).

But I am pretty sure you knew that and are just needling them a little.
 
#16
#16
and what do you attribute to this change exactly? do you realize how small 170K (taking out the census) is?
 
#17
#17
Cash Vallin said:
incorrect.... the definition of unemployment is actively seeking a job but not having one
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which should always equal close to 100%. Of course our gov't has now said 99 weeks is an acceptable amount of time to dine on the gubment cheese
 
#18
#18
IPorange said:
Some had given up actively looking, and thus didn't appear in the unemployment figures (in other words, unemployment was/is actually higher than the reported figures).

But I am pretty sure you knew that and are just needling them a little.
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the real unemployment rate is definetely much higher. this is the interpretation of the disconnect, not anywhere close to fact. in reality we have no idea since the source data is not the same and they are constantly revising these numbers in future months.
 
#19
#19
droski said:
the real unemployment rate is definetely much higher. this is the interpretation of the disconnect, not anywhere close to fact. in reality we have no idea since the source data is not the same and they are constantly revising these numbers in future months.
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To expand on that, we really don't have any idea what exactly it was before the recent economic turmoil, since the source data has always had this flaw. We don't even know what the "baseline" is.
 
#20
#20
The U.S. jobless rate rose to 9.9% in April, the first increase in three months, but the government’s broader measure of unemployment ticked up for the third month in a row, rising 0.2 percentage point to 17.1%. The comprehensive gauge of labor underutilization, known as the “U-6″ for its data classification by the Labor Department, accounts for people who have stopped looking for work or who can’t find full-time jobs. Though the rate is still 0.3 percentage point below its high of 17.4% in October, its continuing divergence from the official number (the “U-3″ unemployment measure) indicates the job market has a long way to go before growth in the economy translates into relief for workers.
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Broader U-6 Unemployment Rate Increases to 17.1% in April - Real Time Economics - WSJ
 
#22
#22
IPorange said:
To expand on that, we really don't have any idea what exactly it was before the recent economic turmoil, since the source data has always had this flaw. We don't even know what the "baseline" is.
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also the seasonality cannot be discounted. i'd like to see many months of 250K+ non census job growth WITH the unemployment rate at least bottoming out before declaring a turnaround in the job market.
 
#24
#24
Cash Vallin said:
tell that to the 240,000 people who now have jobs in the private sector... yes, there is a long way to go, still... but this recent finding can only be classified as a good sign - you know that is unless you hate obama
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people finding jobs is good but acting like the numbers are going down (which is the point of your thread right?) is wrong. Larger unemployment numbers do not help Obama and the Dems like you claim
 
#25
#25
BigPapaVol said:
But stop. That suggests CV doesn't know what he is talking about.
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so you're telling me 240,000 more people with jobs in the PRIVATE sector isn't a good sign???? if a republican was in office, you'd be jumping for joy. yes, there is still a loooooooooong way to go, but it's a positive sign.
 
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