RE: 7.8% and I have a bridge to sell too (Full Version)

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slvemike4u -> RE: 7.8% and I have a bridge to sell too (10/5/2012 9:57:50 PM)

I hate to have to repeat myself Rich.....but once again,bullshit.
This was unprecedented vitriol,never before seen obstructionism,and neither Reagan nor Clinton had to deal with Norquist and his tea bag lackeys



TheHeretic -> RE: 7.8% and I have a bridge to sell too (10/5/2012 10:05:38 PM)

Yada yada yada, blah, blah, blah. The obstructionism was unprecedented only because the President was singularly incompetent to deal with it.



subrob1967 -> RE: 7.8% and I have a bridge to sell too (10/5/2012 10:06:28 PM)


quote:

ORIGINAL: slvemike4u

I hate to have to repeat myself Rich.....but once again,bullshit.
This was unprecedented vitriol,never before seen obstructionism,and neither Reagan nor Clinton had to deal with Norquist and his tea bag lackeys



yet he managed to add six TRILLION dollars to the deficit... That's some lousy obstruction.



Owner59 -> RE: 7.8% and I have a bridge to sell too (10/5/2012 10:15:51 PM)

quote:

ORIGINAL: TheHeretic

Yada yada yada, blah, blah, blah. The obstructionism was unprecedented only because the President was singularly incompetent to deal with it.



[:D]


Reboot.......



Owner59 -> RE: 7.8% and I have a bridge to sell too (10/5/2012 10:18:04 PM)

quote:

ORIGINAL: subrob1967


quote:

ORIGINAL: slvemike4u

I hate to have to repeat myself Rich.....but once again,bullshit.
This was unprecedented vitriol,never before seen obstructionism,and neither Reagan nor Clinton had to deal with Norquist and his tea bag lackeys



yet he managed to add six TRILLION dollars to the deficit... That's some lousy obstruction.


Meh....

Congress holds the purse strings.......

Reboot?



dcnovice -> RE: 7.8% and I have a bridge to sell too (10/6/2012 5:27:35 AM)

quote:

This is something to gloat about?

Who's gloating?

And have we established that BLS truly "found a way to finesse the math" by treating the September data differently from that of previous months?



slvemike4u -> RE: 7.8% and I have a bridge to sell too (10/6/2012 6:23:14 AM)


quote:

ORIGINAL: TheHeretic

Yada yada yada, blah, blah, blah. The obstructionism was unprecedented only because the President was singularly incompetent to deal with it.

Here we go again....bullshit !!!!!


but thanks for conceding that the Republican party was engaged in obstructionism during one of the worst economic crises since the great depression.
These are the guys that get your votes ?
Shame on you and anyone else who would vote for such unpatriotic Americans .



Yachtie -> RE: 7.8% and I have a bridge to sell too (10/6/2012 10:52:18 AM)

fr

There is no doubt that the bullish crowd is doing high-fives and the White House cheering over what the unemployment rate did in September — falling to 7.8% form 8.1% in August and 8.3% in July. That the 7.8% jobless rate takes it to the level that prevailed when the President took office in January 2009 has raised many an eyebrow. I don't believe in conspiracy theories. But I don't believe in the Household Survey, either. This notoriously volatile indicator has become even more so in recent months. It showed a 195k slide in July and a 119k decline in August, to only then reveal a massive 873k surge in September. So based on Household employment, the economy was in recession in July and August and then miraculously boomed at its strongest rate since January 1983 (is Obarna really the new Reagan)?

If it's too good to be true, then it probably is.

But this is why the headline unemployment plunged, and that is what is very likely to make the front pages of the Saturday newspapers. Digging beneath the veneer, the quality of these so-called Household jobs is called into question, seeing as part-time work for 'economic reasons' dominated with a 582k run-up in September. And upon closer inspection of the actual amount of slack in the labour market, the more inclusive U6 unemployment rate that does a much better job at capturing underemployment, remained stubbornly stuck at 14.7%.



TheHeretic -> RE: 7.8% and I have a bridge to sell too (10/6/2012 10:59:49 AM)

quote:

ORIGINAL: dcnovice

Who's gloating?




The President is trying, even if he has so little to work with

http://www.reuters.com/article/2012/10/06/us-usa-campaign-idUSBRE88N13D20121006

And DC, if you don't think the administration is willing to engage in all sorts of shenanigans to keep the numbers and perceptions about unemployment low, you might want to check this one out.

abcnews/at-white-house-request-lockheed-martin-drops-plan-to-issue-layoff-notices/


quote:


The guidance issued Friday told contractors that if the automatic cuts happen and contractors lay off employees the government will cover certain liability and litigation costs in the event the contractor is later sued because it hadn’t provided adequate legal warning to its employees, but only if the contractor abides by the administration’s notice and refrains from warning employees now.



dcnovice -> RE: 7.8% and I have a bridge to sell too (10/6/2012 11:55:11 AM)

quote:

And DC, if you don't think the administration is willing to engage in all sorts of shenanigans to keep the numbers and perceptions about unemployment low, you might want to check this one out.

I would distinguish between the administration (which, like all its predecessors, is intensely political) and the career civil servants at BLS who generate the jobs reports. If I'm reading you right, you seem to be saying that the latter engaged in politically motivated fraud. That's a serious, even grave, charge, so I don't think it's unreasonable to ask if there's evidence supporting it. Are there grounds for believing that the September report was handled differently from those that came before it?



hlen5 -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:03:26 PM)


quote:

ORIGINAL: Yachtie

US unemployment rate falls to 7.8 pct. in September, lowest since Jan. 2009; hiring increases

I call bullshit on this.



I haven't read any replies, but Democrat or not, I wondered about the radio report I heard, too.



Yachtie -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:07:06 PM)


quote:

ORIGINAL: dcnovice
Are there grounds for believing that the September report was handled differently from those that came before it?


Only in that U6 did not budge.



TheHeretic -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:19:24 PM)

Did you miss my earlier post, DC?

quote:

DC; thanks for the link. Today was a good day, but busy as hell, and I missed my lunchtime surf. I wish I'd seen this article sooner. The stuff that did make it through the noise of the day is well debunked,





tazzygirl -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:28:30 PM)


quote:

ORIGINAL: Yachtie


quote:

ORIGINAL: dcnovice
Are there grounds for believing that the September report was handled differently from those that came before it?


Only in that U6 did not budge.


Oh wow... you finally looked! Im impressed.



tazzygirl -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:30:19 PM)

Unemployment Numbers and what they include:
U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per ILO definition.
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons.

There is a reason for one moving and the other staying the same.



dcnovice -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:33:45 PM)


quote:

ORIGINAL: TheHeretic

Did you miss my earlier post, DC?

quote:

DC; thanks for the link. Today was a good day, but busy as hell, and I missed my lunchtime surf. I wish I'd seen this article sooner. The stuff that did make it through the noise of the day is well debunked,


I saw it, but the subsequent reference to the administration's being "willing to engage in all sorts of shenanigans to keep the numbers and perceptions about unemployment low" seemed, in the context of the thread, to be equating the September jobs report with "shenanigans," aka cooked numbers. Perhaps I misunderstood you?



tazzygirl -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:35:48 PM)


quote:

ORIGINAL: Yachtie


quote:

ORIGINAL: dcnovice
Are there grounds for believing that the September report was handled differently from those that came before it?


Only in that U6 did not budge.


U1 went from 4.4 to 4.3
U2 went from 4.5 to 4.2
U3 went from 8.1 to 7.8
U4 went from 8.6 to 8.3
U5 went from 9.6 to 9.3
U6 went from 14.7 and stayed there... so far. But this figure is often adjusted.

Now, I leave it to you to figure out why they are all different.



TheHeretic -> RE: 7.8% and I have a bridge to sell too (10/6/2012 12:44:14 PM)

Just pointing out the climate where the bits I heard sounded plausible, DC.



Yachtie -> RE: 7.8% and I have a bridge to sell too (10/6/2012 1:38:59 PM)


quote:

ORIGINAL: tazzygirl


quote:

ORIGINAL: Yachtie


quote:

ORIGINAL: dcnovice
Are there grounds for believing that the September report was handled differently from those that came before it?


Only in that U6 did not budge.


U1 went from 4.4 to 4.3
U2 went from 4.5 to 4.2
U3 went from 8.1 to 7.8
U4 went from 8.6 to 8.3
U5 went from 9.6 to 9.3
U6 went from 14.7 and stayed there... so far. But this figure is often adjusted.

Now, I leave it to you to figure out why they are all different.



Oh, a puzzle[8|]

But this figure is often adjusted.

So are the others, and usually more than once[8D]



tazzygirl -> RE: 7.8% and I have a bridge to sell too (10/6/2012 4:33:48 PM)

And the adjustments are typically within the same line.

Have you figured out the puzzle yet?



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