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Yachtie -> RE: Another Romney gaff ? (10/7/2012 1:22:27 PM)
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quote:
ORIGINAL: tazzygirl
quote:
ORIGINAL: LookieNoNookie
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ORIGINAL: Politesub53
Lookie..... Romneys facts dont usually turn out to be facts at all, let alone "Known facts" [8|]
That could be true....but these are facts.
Discouraged workers (those no longer seeking employment) are not included, by definition, in the stats.
Yes they are... You have to look beyond the U3 (official numbers)
After a record 43-month stretch of unemployment north of 8%, the September unemployment rate fell to 7.8% for the first time since January of 2009, just one month before the 2012 election. Yet the underemployment rate remained unchanged from a month earlier, staying flat at 14.7% and the labor force participation rate also remained virtually unchanged at a 30-year low. A glaring oddity, especially considering that in 2012, job growth has averaged 146,000 per month – less than the average monthly gain of 153,000 in 2011.
So why the decline all of a sudden?
For starters, there was a flood of 582,000 part-time jobs. As the Labor Department noted in its jobs report Friday: “The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8 million in August to 8.6 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.”
Which is nothing new. In fact, most jobs created during the last four years have been temporary, part-time hires in a persistently weak economy where job seekers will take anything they can get.
Meanwhile, while a net 200,000 new jobs were created over the last two months, an additional 700,000 working age people (18-64) have given up looking for work during that same time and switched to welfare to make ends meet.
http://www.policymic.com/articles/15983/u6-unemployment-rate-remains-above-14-percent-as-more-job-seekers-sadly-give-up-looking-for-work
funny, not all states give all people welfare if they cannot find work.
So, in the end analysis.. and what I was trying to get Yachtie to see on another thread... is that those who did find work, for the most part, found part time work. Many of those many have been on welfare, yet still arent making enough to move off the welfare rolls.
For fuck sake, people, get your minds into the game. NONE of these numbers... unemployment.. welfare... housing... NONE of them will move rapidly over night... or even over a few months.
But the fact that that many people were even able to find part time jobs is an improvement over the past 3 years.
For fuck sake, people, get your minds into the game. NONE of these numbers... unemployment.. welfare... housing... NONE of them will move rapidly over night... or even over a few months.
But an 800K+ move is quite rapid for a single month, now isn't it? Tazz, you're accepting an ~8x of initial estimate (~115K) single month move without batting an eye. Hell, virtually everyone who watches these numbers is saying something's not right here.
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