Don't you love how they say REMAINS at 7.8% unemployment!!!

Discussion in 'Economy' started by GHook93, Jan 4, 2013.

  1. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,918
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,929
    They are saying this because they made a "mistake" lowering it to 7.7% in November, when it should have been 7.8%. Therefore since 7.8% was the correct number it's now conveniently called remaining the same at 7.8%!

    You don't have to be a conspiracy theorist to see the Obama administration PURPOSELY fudged the number. If the 7.8% stayed at 7.8% in November and not dropped, then it would have hurt the Big O. When it dropped it helped. Very convenient mistake not carrying over the 1!
     
  2. TNHarley
    Online

    TNHarley Gold Member

    Joined:
    Sep 27, 2012
    Messages:
    26,638
    Thanks Received:
    4,094
    Trophy Points:
    280
    Ratings:
    +20,615
    Racist
     
  3. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,262
    Thanks Received:
    19,822
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,337
    You have touched on a major conspiracy

    Don't let them get away with that 0.1%. It cost Romney the election
     
  4. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,046
    Thanks Received:
    574
    Trophy Points:
    165
    Location:
    Northern Virginia
    Ratings:
    +1,009
    No, they're not saying it was a mistake. They're saying that they redid the seasonal adjustment, using more complete data, and that caused an adjustment of +.1 percentage points for the November data. They also adjusted the rate for April 2009 (+.1), January 2010 (+.1), March 2010 (+.1), August 2010 (-.1), December 2010 (-.1), July 2011 (-.1), August 2011 (-.1), November 2011 (-.1), and July 2012 (-.1)

    They revise the seasonal adjustment every December for the previous 5 years.


    How is that convenient? 7.8% for November is the better number, based on more data.

    The administration has nothing to do with the data...no one in the Obama administration has any access to the numbers until the night before release (after the report is already approved and printed) and there are currently no political appointees in BLS.

    How would it have helped or hurt Obama?

    And why would 9 other months over the last 4 years have been revised? Why would lowering the July 2012 rate now have helped? Especially since, in August, when the July report came out, the July number was an increase over June. You're suggesting that in the middle of the election the number was fudged to show an INCREASE in the UE rate instead of staying the same?
     
    • Thank You! Thank You! x 1
    Last edited: Jan 4, 2013
  5. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,786
    Thanks Received:
    12,771
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,749
    The employed to total population ratio dropped from 58.7 to 58.6. A few more years of Obamanomics, and less than half the adult population will be employed.
     
    Last edited: Jan 4, 2013
  6. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,046
    Thanks Received:
    574
    Trophy Points:
    165
    Location:
    Northern Virginia
    Ratings:
    +1,009
    Barely. The change was of 0.03 percentage points (from 58.67 to 58.64).
    And you do relize the while reduced from what it had been, it's still higher than anytime before 1977. so a lower emp-pop ratio isn't really dire, especially when you consider that 33.6% of the population doesn't want to work.
     
    • Thank You! Thank You! x 1
  7. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,786
    Thanks Received:
    12,771
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,749

    LOLOL!

    Now you morons are reduced to extending decimal points to try to spin the numbers.

    The sad fact is that this economy is failing. If we didn't have this massive push to expand Government, the economy would have grown at 4% plus and we would have recovered all the lost jobs and more.

    I suggest you take a look at the chart at the link and then rethink your perception of the employment figures.

    Pct Job Losses In Post-WWII Recessions - Business Insider
     
  8. tjvh
    Offline

    tjvh Senior Member

    Joined:
    May 10, 2012
    Messages:
    6,893
    Thanks Received:
    916
    Trophy Points:
    48
    Ratings:
    +916
    "The Middle Class is doing just fine" -Barry Soetoro
     
  9. TNHarley
    Online

    TNHarley Gold Member

    Joined:
    Sep 27, 2012
    Messages:
    26,638
    Thanks Received:
    4,094
    Trophy Points:
    280
    Ratings:
    +20,615
    Joe said the middle class has been in shackles. Which one of the liars are lying??
     
  10. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,046
    Thanks Received:
    574
    Trophy Points:
    165
    Location:
    Northern Virginia
    Ratings:
    +1,009
    How am I spinning? The change is insignificant...certainly not statistically different. You're the one trying to make it sound doom and gloom when there was no effective change at all (margin of error for the change is +/-0.3 percentage points)

    Gee, now you're sounding like Obama and his ridiculous "jobs saved" claims. Facts:
    Non-farm payroll jobs hit their height in January 2008 at 138,023,000 jobs.
    A year later, when Obama took office, it had dropped to 133,561,000
    It reached its low point in February 2010 at 129,244,000 (loss of 8.8 million jobs, 4.3 million lost under Obama).

    Now, for December 2012, the number is at 134,201,000 which means we are still down 4 million since Jan 2008, but up 460,000 from when Obama took office and up 4.8 million since the depth of the jobs losses.

    No cause for celebration and it's painfully slow, but things are getting better. No net loss of jobs since September 2010 (though many of the monthly changes are not statistically significantly different from zero)

    Why? I've only stated facts, not perception. The only opinion I've uttered is that things not yet good and the recovery is slow. Do you disagree?
     

Share This Page