BLS Employment News Release: 119,000 fewer people working means lower unemployment?

Discussion in 'Economy' started by expat_panama, Sep 7, 2012.

  1. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
  2. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    [​IMG]
     
  3. mascale
    Offline

    mascale VIP Member

    Joined:
    Feb 22, 2009
    Messages:
    4,033
    Thanks Received:
    210
    Trophy Points:
    85
    Ratings:
    +453
    Most likely Europe understands about August, when clearly everyone is obviously unemployed and doing vacation things.

    Mostly stupid commentators on business television wanted to make a big deal out of the August Employment Situation.

    In real America, the unemployment rate went down 0.2% in the reporting!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Many find Great Whites actually in Atlantic Ocean, near to inhabited beaches! Many fleed to undisclosed locations, there to not be counted as shark bait! Relevant critique is where you find it(?). . .some say!)
     
  4. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    Absolutely. Unemployment's 'only' 8.1%.

    It's a number based on the idea that an additional 586,000 working age people aren't in the work force because they really don't want a job that much. Somehow the 8.1% number doesn't sound as good as the 6.8% rate we had when Obama was elected, and that was back when 6.8% unemployment was 'bad'.

    I liked the 6.8% more than the 8.1%.
     
  5. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    Mort Zuckerman has a piece in the wsj for tomorrow. Pretty grim, this report was actually a lot worse than it looks, as he says, example- 15k manufacturing jobs took the axe, which figures since manuf. has been contracting ( under 50%) for 3 months. July was revised down by like 25K too.

    The disappearing 368,000 from the roles were not retirees either, he checked the books, over 55 employment is up by 3.9 million, while total employment is down by 5 million.....

    pretty harsh pickun's.
     
  6. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,801
    Thanks Received:
    1,789
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,865
    Good employment news - if you're a gov't. employee...
    :eusa_eh:
    Unemployment Drops to 5.1 Percent—For Government Workers; Lowest Among All Industries
    September 7, 2012 - There was good news for American workers in August—if government was their employer.
    See also:

    August Unemployment Report Shows Continuing Stagnation
    September 7, 2012 – The August unemployment report showed a labor market that has made virtually no progress all year, with the unemployment rate declining by 0.2 points to 8.1 percent as thousands of Americans gave up looking for work.
     
  7. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,938
    Thanks Received:
    5,211
    Trophy Points:
    270
    Ratings:
    +7,678
    Yes ExPat, this is how America is run. Just like the Mafia. And the American people just lap it up!

    The BLS isn't the only agency doing it. Just as a fish rots from the head down, I suspect all agencies cook their books.

    We are in serious deep doo doo.
     
  8. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    119,000 won the lottery?
     
  9. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    How can unemployment rates drop to 5.1% for govt workers?
    What is a govt worker?
    Can't they do anything else?
    They are just workers.
     
  10. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,619
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,214
    The Dems are crowing about lower unemployment when they were screaming about BUsh's much lower UE numbers. The jobs being created are "McJobs", as they claimed about Bush in his first term.
    Democrats are the biggest fucking hypocrites to walk the planet.
     

Share This Page