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RE: EMployment/Unemployment Figures for November out - 12/7/2012 3:33:34 PM

LookieNoNookie

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quote:

ORIGINAL: tazzygirl

U6 fell to 14.4...

http://portalseven.com/employment/unemployment_rate_u6.jsp

Thank you....that brings the real topic into focus...and it's down.

Well (brought out) said.

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RE: EMployment/Unemployment Figures for November out - 12/7/2012 3:36:05 PM

LookieNoNookie

Posts: 12216
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quote:

ORIGINAL: Yachtie

Utter bullshit Lucy, when one looks inside.

The working-age population went from 243,983 to 244,174 (thousands), an increase of 191,000 working-age people. But the total number of employed people fell from 144,039 (thosuands) to 143,549, a loss of 490,000 actual employed people!

The spread is even worse, of course -- closer to 3/4 of a million workers, because you must account for the population increase as well.

And from another front -

First, what that granular data shows is that instead of a 146K gain in November, there was actually a drop of 114K jobs when broken down by worker "vintage." But where it gets simply stupid, is that of the 4 age group buckets (16-19, 20-24, 25-54, and 55-69), the biggest gainer continued to be America geriatric work force, which added 177 jobs. As for that key segment of the workforce, the 25-54? Jobs here declined by a whopping 359K in November. And this is good news?

I'm so glad you think things are going so well. Perhaps soon you'll also be seeing pigs flying and Unicorns.

Yachtie...these are real numbers....of course they're inflated by stimulus but...they are (for now) "real".

When inflation comes roaring back...then the numbers can be debated as subjective but....for now, with fiat money...they are in fact...(sadly) "real".

(in reply to Yachtie)

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RE: EMployment/Unemployment Figures for November out - 12/7/2012 3:47:40 PM

mnottertail

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Joined: 11/3/2004
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I would expect that when inflation does start rearing its ugly head, the guys will retire all the higher interest debt en masse, and drop the money supply like last nights newspaper overnight. Right now, it (and for the forseeable future) is parked and there is no velocity to the money supply worth shitting hysterical right wing pants over as is so often the case.

It ain't like everyone has forgotten about inflation except the inept teabaggers down in the house who are spending money hand over fist down there.

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Have they not divided the prey; to every man a damsel or two? Judges 5:30

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