Jobs report

#376
#376
I'm really thinking about firing my daughter, she's been working for me this summer and I figure if I fire her;

1. She can draw unemployment while back in school
2. It gives a tiny :finger3: to Obama and these phony numbers

A win win.
 
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#377
#377
hog88 said:
I'm really thinking about firing my daughter, she's been working for me this summer and I figure if I fire her;

1. She can draw unemployment while back in school
2. It gives a tiny :finger3: to Obama and these phony numbers

A win win.
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Bless her heart. I bet she can't wait to go back to school after working in that wreck of an office all summer...... :crazy:
 
#378
#378
Gramps said:
Bless her heart. I bet she can't wait to go back to school after working in that wreck of an office all summer...... :crazy:
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Yes she is. She complains I'm harder on her than the other girls.
 
#384
#384
McDad said:
Giggity?
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scale.php
 
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#386
#386
Jobs Friday today. We added only 142,000 jobs in August, the smallest increase since December, missing estimates for an increase of 225,000. Unemployment is 6.1%, from 6.2% in July. Labor force participation rate at 62.8% little changed from 62.9% in July.
 
#388
#388
Looking at the participation rate change again is an eye popper. People not in the labor force increased, and hit a new all time high record of 92,269,000. This is an increase of 268,000 for July. In other words, the number of people leaving the labor force is almost double the number of people who found jobs, 142K. Shew!!! Does anyone else smell Obamacare.
 
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#389
#389
Ernest T. Vol said:
Jobs Friday today. We added only 142,000 jobs in August, the smallest increase since December, missing estimates for an increase of 225,000. Unemployment is 6.1%, from 6.2% in July. Labor force participation rate at 62.8% little changed from 62.9% in July.
Click to expand...

Ernest T. Vol said:
Looking at the participation rate change again is an eye popper. People not in the labor force increased, and hit a new all time high record of 92,269,000. This is an increase of 268,000 for July. In other words, the number of people leaving the labor force is almost double the number of people who found jobs, 142K. Shew!!! Does anyone else smell Obamacare.
Click to expand...


I know you are desperately grabbing on to any bad news you can find in hopes of blaming it on Obama, but you are starting look awfully silly.


There were solid job gains in several industries that tend to pay well, such as business and professional services and health care. Jobs were added in the construction sector as well, a possible sign that the housing market is continuing to bounce back.

John Canally, chief economic strategist for LPL Financial, noted that weakness in the manufacturing and retail sectors, dragged down overall job growth. He said there may be some strange seasonal, end-of-summer factors to explain that.


"My view of the job market is unchanged from where it was before this report came out. This is an anomaly," Canally said.


One expert said that it's important to remember that the August number could eventually change as well -- for the better.


"This number will be revised higher. August is the quirkiest month," said Phil Orlando, chief equity strategist with Federated Investors. "This is inconsistent with strength we're seeing elsewhere in the economy."


Recall that the government originally reported that zero (that's right, zilch) new jobs were added in August 2011. The number wound up getting revised sharply higher a couple of months later.


Whoops! Jobs recovery lost steam in August - Sep. 5, 2014
 
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#392
#392
Europe is in a mess, again. Asia soon to follow and we'll be bringing up the rear. Only question this time is who will they blame it on this time?
 
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#393
#393
lawgator1 said:
I know you are desperately grabbing on to any bad news you can find in hopes of blaming it on Obama, but you are starting look awfully silly.


There were solid job gains in several industries that tend to pay well, such as business and professional services and health care. Jobs were added in the construction sector as well, a possible sign that the housing market is continuing to bounce back.

John Canally, chief economic strategist for LPL Financial, noted that weakness in the manufacturing and retail sectors, dragged down overall job growth. He said there may be some strange seasonal, end-of-summer factors to explain that.


"My view of the job market is unchanged from where it was before this report came out. This is an anomaly," Canally said.


One expert said that it's important to remember that the August number could eventually change as well -- for the better.


"This number will be revised higher. August is the quirkiest month," said Phil Orlando, chief equity strategist with Federated Investors. "This is inconsistent with strength we're seeing elsewhere in the economy."


Recall that the government originally reported that zero (that's right, zilch) new jobs were added in August 2011. The number wound up getting revised sharply higher a couple of months later.


Whoops! Jobs recovery lost steam in August - Sep. 5, 2014
Click to expand...

People were called right wing conspiracy nuts (remember Jack Welch) for not believing the jobs data just before the election in 2012 when the rate got below 8%. Now the same people are telling us not to believe the data. It is beyond hypocrisy.
 
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#394
#394
Ernest T. Vol said:
People were called right wing conspiracy nuts (remember Jack Welch) for not believing the jobs data just before the election in 2012 when the rate got below 8%. Now the same people are telling us not to believe the data. It is beyond hypocrisy.
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Nice try, but no one is saying believe or don't believe one month's worth of data, especially when historically that particular month is underreported and revised upward.

The trend is the indicator, not one entry on the sheet. The trend is in the correct direction. Is it awesome? No. Is it as good as we'd all like? No. But its trending far better than it was. Let's not forget that under Bush we came, some say, within hours of complete worldwide economic collapse. Its the kind of thing it takes a decade to overcome, not just a few good years.
 
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#395
#395
lawgator1 said:
I know you are desperately grabbing on to any bad news you can find in hopes of blaming it on Obama, but you are starting look awfully silly.


There were solid job gains in several industries that tend to pay well, such as business and professional services and health care. Jobs were added in the construction sector as well, a possible sign that the housing market is continuing to bounce back.

John Canally, chief economic strategist for LPL Financial, noted that weakness in the manufacturing and retail sectors, dragged down overall job growth. He said there may be some strange seasonal, end-of-summer factors to explain that.


"My view of the job market is unchanged from where it was before this report came out. This is an anomaly," Canally said.


One expert said that it's important to remember that the August number could eventually change as well -- for the better.


"This number will be revised higher. August is the quirkiest month," said Phil Orlando, chief equity strategist with Federated Investors. "This is inconsistent with strength we're seeing elsewhere in the economy."


Recall that the government originally reported that zero (that's right, zilch) new jobs were added in August 2011. The number wound up getting revised sharply higher a couple of months later.


Whoops! Jobs recovery lost steam in August - Sep. 5, 2014
Click to expand...

Just wait until those fast food workers get that $15/hr
 
#396
#396
lawgator1 said:
Nice try, but no one is saying believe or don't believe one month's worth of data, especially when historically that particular month is underreported and revised upward.

The trend is the indicator, not one entry on the sheet. The trend is in the correct direction. Is it awesome? No. Is it as good as we'd all like? No. But its trending far better than it was. Let's not forget that under Bush we came, some say, within hours of complete worldwide economic collapse. Its the kind of thing it takes a decade to overcome, not just a few good years.
Click to expand...

When do these start?

And I love how it will now take a decade to recover up from 4 years in his first campaign. Just can't ever bring yourself to criticize the man can you? All of Obama's failures are Bush's fault, right?
 
#397
#397
Ernest T. Vol said:
People were called right wing conspiracy nuts (remember Jack Welch) for not believing the jobs data just before the election in 2012 when the rate got below 8%. Now the same people are telling us not to believe the data. It is beyond hypocrisy.
Click to expand...
They also never said to watch for revised numbers when it was revised down all those months. It's like they know what's coming before it happens :question:
 
#398
#398
lawgator1 said:
Nice try, but no one is saying believe or don't believe one month's worth of data, especially when historically that particular month is underreported and revised upward.

The trend is the indicator, not one entry on the sheet. The trend is in the correct direction. Is it awesome? No. Is it as good as we'd all like? No. But its trending far better than it was. Let's not forget that under Bush we came, some say, within hours of complete worldwide economic collapse. Its the kind of thing it takes a decade to overcome, not just a few good years.
Click to expand...

I can see you didn't take the enema I recommended a few weeks ago to clear your head. You may need more than one application now. Your own post is quoting others who are discounting the data. The same people who said it was nuts to question the same jobs data at election time. You cant spin that hypocrisy by talking about trends. If so, what other data should we not believe? How about the one about no signs of inflation? Talking about trends...How about that participation rate trend?
 
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#399
#399
hog88 said:
When do these start?

And I love how it will now take a decade to recover up from 4 years in his first campaign. Just can't ever bring yourself to criticize the man can you? All of Obama's failures are Bush's fault, right?
Click to expand...


I criticize him here frequently. You just ignore it.
 
#400
#400
lawgator1 said:
Let's not forget that under Bush we came, some say, within hours of complete worldwide economic collapse. Its the kind of thing it takes a decade to overcome, not just a few good years.
Click to expand...

You can't blame Bush entirely for the economic crisis. Yes the financial sector almost collapsed on his watch (and probably should have), but the "financialization" of the economy happened well before his time. I believe bank deregulation occurred under Clinton; the free trade treaties that sent the manufacturing sector overseas were signed under Clinton; and the absurdly low interest rates that created the bubbles have been policy since the 80s.

Bush failed to anticipate the crisis and didn't stop it, but the risks are far greater now due to Obama's policies. Now, the TBTF banks are even larger, the bubble is much bigger, and federal policies are not friendly to job producers. Also, contrast the government response to financial crisis with other similar instances. In the aftermath of the S&L scandal, there was over 1,000 felony convictions; Bush even prosecuted his good friends over Enron as well as Bernie Madoff; I don't think anyone has even had a threat of going jail under Obama and Holder.
 
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