Today's 'Good' Jobs Report Was Actually Terrible

[Leweman]

4. The shrunken workforce remains shrunken. If the labor force participation rate was the same as when President Obama took office, the unemployment rate would be 10.7%. If the participation rate had just stayed steady since the start of the year, the unemployment rate would be 8.4% vs. 8.3%. Where’s the progress? Here is RDQ Economics:
Such a rapid decline in the unemployment rate would be consistent with 4%–5% real economic growth historically but much of the decline is accounted for by people dropping out of the labor force (over the last year the employment-population ratio has risen to only 58.7% from 58.4%). We believe part of the drop in the unemployment rate over the last two months is a statistical quirk (the household data show an increase in employment of 873,000 in September, which is completely implausible and likely a result of sampling volatility). Moreover, declining labor force participation over the last year (resulting in 1.1 million people disappearing from the labor force) accounts for much of the rest of the decline.

5. even the artificially depressed 7.8% unemployment rate is way above the 5.6% unemployment rate the White House predicted for September 2012 if Congress passed the $800 billion stimulus package back in 2009.

Read more: http://www.aei-ideas.org/2012/10/the-sickly-stagnant-september-jobs-report/#ixzz28RJIF9sU


Read more: http://www.aei-ideas.org/2012/10/the-sickly-stagnant-september-jobs-report/#ixzz28RJ24MZo

It's not the number so much as it is that Obama is so corrupt and allowed to get away with it. It's scary.

 

[hazlnut]

4. The shrunken workforce...

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

 

[Leweman]

4. The shrunken workforce...

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

THINGS AREN"T GETTING BETTER. Why do you hate your country so much to prop up bad numbers as if things ARE getting better.

 

[Ravi]

Terrible for Romney, the outsourcer in chief.

 

[occupied]

4. The shrunken workforce...

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

THINGS AREN"T GETTING BETTER. Why do you hate your country so much to prop up bad numbers as if things ARE getting better.

Things are getting better, why do you hate good news? All the numbers are on a sustained upward trend, perhaps not rapidly enough for some but then again the republican leadership have not exactly rolled up their sleeves and pitched in.

 

[Full-Auto]

Terrible for Romney, the outsourcer in chief.

Odd remark for the side that sent billions of stimulus overseas......

You still suck BTW.........

 

[bitterlyclingin]

[Obama has an exceedingly firm grip on the "Knucklehead vote", the 47 per cent, you might say. Libyan Ambassador Christopher Stevens was unavailable for comment on this morning's seemigly good labor news.]

"Something stinks.

WASHINGTON (AP) – The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate declined because more people found work, a trend that could have an impact on undecided voters in the final month before the presidential election.

The Labor Department said Friday that employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated. Wages rose in September and more people started looking for work.

The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months. The unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when President Barack Obama took office.

The decline could help Obama, who is coming off a disappointing debate performance against GOP challenger Mitt Romney.

Update: Santelli smells a rat"

Unemployment Rate Miraculously Drops To 7.8%, 114K Jobs Added – Update: Real Unemployment Rate Unchanged At 14.7% – Update II: Jack Welch Says Numbers Cooked… | Weasel Zippers

 

[xsited1]

I wish things were getting better, but they're not.

Liberal economist Dean Baker, with the Center for Economic and Policy Research, called the September rate drop "almost certainly a statistical fluke."

 

[Goodoledays]

4. The shrunken workforce...

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

And getting more food stamps. Oh Boy.

 

[bitterlyclingin]

The stock market melt up that preceded the Reagan economic rebound saw the shares of MRK go from $67/share to roughly $80/share in a months time, August to September, 1982. That same stock has since split 6 for one so that one $67 Merck share is now worth in the range of $240-$300. Now, thats a recovery. Today's market is still in the process of recovering from its Obama induced hangover. We're probably still going to have to lance those Obama boils, too, before this market can really recover.

 

[Mr. Shaman]

4. The shrunken workforce...

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

THINGS AREN"T GETTING BETTER. Why do you hate your country so much to prop up bad numbers as if things ARE getting better.

It's pretty-much the downside o' being literate, Goober.​

"The unemployment rate is not calculated based on who is collecting unemployment benefits."

Economics 101
For Frustrated Teabaggers​

 

[Leweman]

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

THINGS AREN"T GETTING BETTER. Why do you hate your country so much to prop up bad numbers as if things ARE getting better.

It's pretty-much the downside o' being literate, Goober.​

"The unemployment rate is not calculated based on who is collecting unemployment benefits."

Economics 101
For Frustrated Teabaggers​

what does being literate have to do with Dems?

"Keep Obama in President" haha

 

[Wiseacre]

That 873,000 number of increases in employment in September has got to be bogus, and BTW Romney said this morning that the September number of new jobs is less than the August number which is less than the July number. So we're going the wrong way and everybody is happy about that?

 

[Charles_Main]

4. The shrunken workforce...

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

Translation, Obama epically failed at his promises. UE is way higher than he said it would be. People are way worse off than he said they would be.

Only in Liberal dream land does that Merit a second chance.

 

[Charles_Main]

The stock market melt up that preceded the Reagan economic rebound saw the shares of MRK go from $67/share to roughly $80/share in a months time, August to September, 1982. That same stock has since split 6 for one so that one $67 Merck share is now worth in the range of $240-$300. Now, thats a recovery. Today's market is still in the process of recovering from its Obama induced hangover. We're probably still going to have to lance those Obama boils, too, before this market can really recover.

The Markets are to easily Manipulated. QE3 is driving stocks up. Main Street still hurting.

 

[RoadVirus]

Terrible for Romney, the outsourcer in chief.

Are you forgetting Obama's buddy, the CEO of GE, one of the biggest outsourcers?

 

[Babbleon]

The numbers aren't fudged but it definitely raises a false hope.. Seasonal employment is up more than 10% from last year and many expect close to a quarter of a million hirings in just the last 3 months of the year alone. In case someone tries to be a moron, some hirings occur BEFORE the holiday season (sad I have to say that but I predict an "It isn't the holiday season yet!" response).

I wouldn't put faith in the numbers because after the holiday season, it is most likely unemployment will raise back over 8%. It does help Democrats because perception is everything to the public but most of us know the hiring isn't sustainable unless something happens drastically within the economy.

Seasonal Jobs: Top Companies Hiring For The Holidays - Careers Articles

Also saw somewhere Toys-R-Us is adding like 50,000 employees on its own so some of you people need to put an app in..

 

[ScienceRocks]

Translation: It's terrible that things are getting better. People are working, paying their bills, buying goods and services.

THINGS AREN"T GETTING BETTER. Why do you hate your country so much to prop up bad numbers as if things ARE getting better.

Things are getting better, why do you hate good news? All the numbers are on a sustained upward trend, perhaps not rapidly enough for some but then again the republican leadership have not exactly rolled up their sleeves and pitched in.

Blind support of a man isn't American.