Discussion in 'Economy' started by expat_panama, Sep 7, 2012.
From the BLS website:
Someone's shrinking the work force...
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!)
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%.
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.
Good employment news - if you're a gov't. employee...
Unemployment Drops to 5.1 PercentFor Government Workers; Lowest Among All Industries
September 7, 2012 - There was good news for American workers in Augustif government was their employer.
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.
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.
119,000 won the lottery?
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.
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.
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