About the recent drop in the unemployment numbers

[bigrebnc1775]

As I said on another thread the report was wrong.

Fake Job Numbers Help Obama, not Economy

President Barack Obama’s deception could backfire on his $1 billion re-election campaign.

The New York Post reports that, “take for instance, the Labor Department’s annual springtime boost in the faux jobs market. While it’s nice the government thinks there is an employment boom coming, this won’t be a good development if that boom turns out to be imaginary yet still causes the Federal Reserve to prematurely tighten credit conditions.”

Dallasblog.com, the Dallas, Texas news blog and Dallas, Texas information source for the DFW Metroplex. - DALLAS BLOG - Fake Job Numbers Help Obama, not Economy

 

[bigrebnc1775]

Something else to throw on the discussion

Mortgage industry workforce plunges by more than 50% in five years
Here are some hard numbers for the downturn in mortgage employment I wrote about last week -- and they show a reduction of more than 50% in home-lending jobs since the peak of the housing and commercial real estate bubble.

The news peg for the story was mortgage goliath Wells Fargo & Co. saying it had eliminated 1,900 home-lending jobs, mostly workers hired temporarily to deal with last year's mini-boom in refinancings.

Mortgage industry workforce plunges by more than 50% in five years | Money & Company | Los Angeles Times

 

[bigrebnc1775]

No wait something else

Misleading statistics on jobs

The most recent employment numbers have been cause of much cheering—after two years of an official unemployment rate of nearly 10 percent and little gain seen in the private sector, the U.S. economy gained 218,000 jobs in March as part of a full-point reduction in unemployment, now officially down to 8.8 percent.

Unfortunately, that figure does not reflect reality. The official rate does not take into account underemployed people scraping by on part-time work, nor does it count those who have “fallen out of the labor force;” that is, people who have been unemployed for long enough to have either used up their eligible unemployment benefits or have simply stopped looking for work. Workers of color and people ages 16-25 are the worst hit.

'End' of economic crisis for whom?

 

[bigrebnc1775]

Dang I thought I was through


Housing still can't find a date for economic recovery dance


Many sectors of the U.S. economy are showing heartening signs of growth: Employment, international trade, manufacturing and professional services among them.

Then there's the miserable housing sector. It's still missing from the list of positives, still a net drag on the U.S. economic recovery.

Where's the bottom? Four years into the housing crisis, specialists still aren't sure if we're on our way up or still have further to drop.

Mark Zandi, the chief economist for forecaster Moody's Analytics, expects a bottom in home prices next year and recovery thereafter.

"House prices will bottom out by year's end as the market works through a bulge of distressed sales," Zandi said. "Sales, construction and prices will be recovering in earnest by this time next year."



Read more: Housing still can't find a date for economic recovery dance - KansasCity.com

 

[bigrebnc1775]

It's not looking good for the wonderless boy

 

[bigrebnc1775]

An oldie and a goodie.

 

[bigrebnc1775]

No wait something else

Misleading statistics on jobs

The most recent employment numbers have been cause of much cheering—after two years of an official unemployment rate of nearly 10 percent and little gain seen in the private sector, the U.S. economy gained 218,000 jobs in March as part of a full-point reduction in unemployment, now officially down to 8.8 percent.

Unfortunately, that figure does not reflect reality. The official rate does not take into account underemployed people scraping by on part-time work, nor does it count those who have “fallen out of the labor force;” that is, people who have been unemployed for long enough to have either used up their eligible unemployment benefits or have simply stopped looking for work. Workers of color and people ages 16-25 are the worst hit.

'End' of economic crisis for whom?

This was back in 2011

Over 260,000 working people have fallen out of the labor force, removing them from the tally of the officially unemployed, but they are no less desperate for work. In fact, the proportion of American adults employed or actively seeking work is only 64.2 percent, the lowest level in 25 years. In other words, while official unemployment has dropped, the actual number of unemployed, work-eligible adults has risen.

 

[Rshermr]

And bigred is having his own private little party. Six replies to his thread, and all his own. Until this one. Which is just to wish bigred a happy day posting con dogma. To himself.

 

[bigrebnc1775]

Dang I thought I was through


Housing still can't find a date for economic recovery dance


Many sectors of the U.S. economy are showing heartening signs of growth: Employment, international trade, manufacturing and professional services among them.

Then there's the miserable housing sector. It's still missing from the list of positives, still a net drag on the U.S. economic recovery.

Where's the bottom? Four years into the housing crisis, specialists still aren't sure if we're on our way up or still have further to drop.

Mark Zandi, the chief economist for forecaster Moody's Analytics, expects a bottom in home prices next year and recovery thereafter.

"House prices will bottom out by year's end as the market works through a bulge of distressed sales," Zandi said. "Sales, construction and prices will be recovering in earnest by this time next year."



Read more: Housing still can't find a date for economic recovery dance - KansasCity.com

"House prices will bottom out by year's end as the market works through a bulge of distressed sales," Zandi said. "Sales, construction and prices will be recovering in earnest by this time next year."

Something tell's me this guy was wrong.
Grim Housing Data Shows We Have Not Hit Bottom

 

[idb]

While you're posting on here...who's watching the door?
Obama could burst in at any moment demanding your guns...remember?

Sheesh man...get back to your couch fort in the living room!

 

[Ravi]

While you're posting on here...who's watching the door?
Obama could burst in at any moment demanding your guns...remember?

Sheesh man...get back to your couch fort in the living room!

What a great point! We all know the real reason for the drop in unemployment:

Obama has created millions of faux jobs by creating his own private army that is right now heading out to take away the guns of people like bugger everywhere to shut them up about his faux birth certificate.

 

[idb]

While you're posting on here...who's watching the door?
Obama could burst in at any moment demanding your guns...remember?

Sheesh man...get back to your couch fort in the living room!

What a great point! We all know the real reason for the drop in unemployment:

Obama has created millions of faux jobs by creating his own private army that is right now heading out to take away the guns of people like bugger everywhere to shut them up about his faux birth certificate.

He's a thinker alright!

 

[bigrebnc1775]

While you're posting on here...who's watching the door?
Obama could burst in at any moment demanding your guns...remember?

Sheesh man...get back to your couch fort in the living room!

What a great point! We all know the real reason for the drop in unemployment:

Obama has created millions of faux jobs by creating his own private army that is right now heading out to take away the guns of people like bugger everywhere to shut them up about his faux birth certificate.

Wearing that hat which is to tight please stop wearing it.

 

[bigrebnc1775]

When people can't argue against the facts they show how idiotic they are and attack the author of the thread with irrelevant trash.

 

[rightwinger]

Pity reply

That is very interesting reb...thanks for posting

 

[bigrebnc1775]

Pity reply

That is very interesting reb...thanks for posting

idiots do what they bwill always do when they can't argue against the facts. move along idiot.