More economic good news, unemployment rate drops to 8.6%

[Jarhead]

Personally i long for the Bush 4% Unemployment days. But hey if you want to celebrate this,go for it.

we were at over 10%....there is reason to be optimistic when we see 8.6%

 

[Truthmatters]

Whats happening is a recovery is building steam.

Talk down the consumer from the building consumer confidence rise if you think you must but it means you dont care as much about this country as you do your poltical gains.

 

[DiamondDave]

And what puzzles me... is why more people just don't question why the government must play with the numbers?? Why doesn't the public/populous demand the raw and complete numbers?? Eliminating the spin and politics behind it

 

[paulitician]

And what puzzles me... is why more people just don't question why the government must play with the numbers?? Why doesn't the public/populous demand the raw and complete numbers?? Eliminating the spin and politics behind it

Control. Big Government has to control everything. I never take these numbers seriously. The Election is coming. So I fully expect to see a lot of Fuzzy Math in the coming months. Politics is about winning. Only about winning.

 

[Jarhead]

Whats happening is a recovery is building steam.

Talk down the consumer from the building consumer confidence rise if you think you must but it means you dont care as much about this country as you do your poltical gains.

yes...the recovery is building steam...as it should have.

Unfortunately, it did not build any type of anything for the first two years becuase congress kept on gettring in the way.

But now that the GOP is blocking any moves the democrats want to make, the economy is finally starting to recover.

Yesiree...the recovery is finally building steam.

Lets thank the "do nothing" congress.

 

[Liberty]

Yeah...seasonal help a t retail outlets increase jobs...they will bet let go after january. These aren't real numbers.

 

[paulitician]

Yeah...seasonal help a t retail outlets increase jobs...they will bet let go after january. These aren't real numbers.

HOORAY FOR WALLSTREET/BUSINESS!!!! The "Evil-Doers" are now the Heroes? They have created all of these jobs. This President did not create a single one of them. His followers really are so lost. They hate "Evil Wall Street/Business" yet they're the ones who have lowered the Unemployment Rate they're boasting about. No hope for these people. So bizarre.

 

[PLYMCO_PILGRIM]

This is great news. Congrats ,Barack Obama. If he can get us the rest of the way out of the middle east and this can keep improving...It will be very hard to unseat Obama in 2012.

This cant be disputed, but an attempt will be made in here.

Great news would be that hundreds of thousands were hired into permanent positions while the number of folks who stopped looking decreased as well as the unemployment number like it did today.

Today's news is good. Hopeful it lasts, but not optimistic.

Yup masqureade nailed it.

 

[Billy000]

This is great news. Congrats ,Barack Obama. If he can get us the rest of the way out of the middle east and this can keep improving...It will be very hard to unseat Obama in 2012.

I give you props for giving Obama some credit on this one.

 

[Jarhead]

This is great news. Congrats ,Barack Obama. If he can get us the rest of the way out of the middle east and this can keep improving...It will be very hard to unseat Obama in 2012.

I give you props for giving Obama some credit on this one.

I would like to give Obama credit for this..

But he told us that we cant.

He said the GOP is not letting him do what is necessary to fix the economy.

So how can we give him any credit?

Or has he now changed his mind?

 

[8537]

Is that what it is, well then...pardon me.

Yes, that's what it is. The raw data shows that about 350,000 jobs were created. The seasonally-adjustment drops that figure to 120,000.

You're pardoned.

During prosperous times.....

Would you happen to know by what percentage of jobs created were seasonal jobs?

Honestly, I have no clue. It's readily available info (though perhaps deeply buried) in the explanatory BLS notes.

 

[LoneLaugher]

Sure it's good. Too bad though that the Christmas season won't last much past January..

It happens every year. You would think the libs would get it by now.

Did it happen in 2007 and 2008?

It didn't happen last year either.

You really are lame.

 

[8537]

And what puzzles me... is why more people just don't question why the government must play with the numbers?? Why doesn't the public/populous demand the raw and complete numbers?? Eliminating the spin and politics behind it

Seasonal adjustments aren't spin and politics. They're a way to fairly represent time-series data. If you want the raw numbers, that information is readily available from the BLS in the same report.

 

[DiamondDave]

And what puzzles me... is why more people just don't question why the government must play with the numbers?? Why doesn't the public/populous demand the raw and complete numbers?? Eliminating the spin and politics behind it

Seasonal adjustments aren't spin and politics. They're a way to fairly represent time-series data. If you want the raw numbers, that information is readily available from the BLS in the same report.

I guess neither are the exclusions etc.... the more variables, the more you can paint whatever picture you want.... and it don't matter the political affiliation, either

Oh... and try to remember that 'fair' is subjective

 

[Soggy in NOLA]

Yes yes, I know. Try reading for context. I didn't say there was 25% less unemployment.

I said of the 120k newly employed versus the 315k who dropped out.....(which is the point everyone's been discussing, for ****'s sake).....and any unemployment less than their previous total is a good thing.

Except unemployment did not go down.... they just stopped counting 310,000 people who are still unemployed. That's as if you had only one debt, a mortgage, and then saying "I don't count my mortgage as debt, therefore I have no debt".

No, it's as if you have x-number of debt, and wheter or not you stop counting any of it, you took some of it away ($120k) but didn't add any.

Ok, let me get this straight... in period A there are 1,000,000 unemployed people. In period B we employ 100,000 and decide not to count 300,000 and we now proudly proclaim unemployment fell to 600,000?

Please tell me you're kidding.

 

[8537]

And what puzzles me... is why more people just don't question why the government must play with the numbers?? Why doesn't the public/populous demand the raw and complete numbers?? Eliminating the spin and politics behind it

Seasonal adjustments aren't spin and politics. They're a way to fairly represent time-series data. If you want the raw numbers, that information is readily available from the BLS in the same report.

I guess neither are the exclusions etc.... the more variables, the more you can paint whatever picture you want.... and it don't matter the political affiliation, either

Oh... and try to remember that 'fair' is subjective

What in the world are you talking about? It's a simple regression model, and the seasonal adjustment probably involves three or four variables. You could run it on an abacus.

And "fair" as I used it is not subjective - time series data is fairly represented if you remove biasing data.

 

[Uncensored2008]

Can you please explain to me how it is that for ever new hire 3 drop from the work force is a good thing?

Thank you.

democrats look at Americans becoming so discouraged that they don't even look for jobs as a major victory.

Grow those dependency rolls...