More economic good news, unemployment rate drops to 8.6%

[Mr.Nick]

But prices don't change that quckly, so you have no point.

You look at the prices of items in the first period and compare them to the prices in the second period and use the difference to adjust your measurements in those periods. Frequency of change doesn't matter, only the change between the time periods you're comparing.

And that can be adjusted for. If on the first day we measure $50 of oranges produced, and the next day we measure $142.50 produced, and we know the price has changed, we do the math and see that orange production has gone down 5%.

"prices don't change that quickly?"

The hell they don't...

See what you would pay for corn if the Mid West hand a bad growing season.....

"After a season" is not changing every second. And don't confuse commodity market prices and futures with inflation. A bad growing season happens, the store managers don't go out to the produce section and instantly change the prices. It'll take a while to change, depending on when they need to order more etc etc.

Gas prices can change pretty quickly, but not "every second."

The price of potatoes went up dummy - and quite frankly I believe it was manipulation and not supply and demand....

 

[Mr.Nick]

Yeah, and the stock market can only go up (?) from the abyss, now can't it? The NASDAQ hung around 12,500 when we last had a real president; Pa to Ma, coming out of the storm cellar: "Well, the house and the farm's gone, and the cattle are all dead ... but ain't it great that the wind's stopped blowin'!"

There is no relation between the GDP and the stock market....

It's all manipulated and dictated and our government is doing it....

 

[Trajan]

Unemployment rate falls to 8.6% in November


(AP) Washington (AP) —The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department says the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession.
Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.
Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

I'm sure you knew what the response would be from the anti-President crowd. If Obama cured cancer, their response would be..."I knew he was too chicken to tackle AIDS."

The partisan hackery is almost palpable in these people.

I call partisan hackery being a

BAAAAAAAAAAA..hows that grass taste?

 

[oreo]

Unemployment rate falls to 8.6% in November


(AP) Washington (AP) —The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department says the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession.
Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.
Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

YEAH-- 350,000 Americans got cut off of unemployment benefits--and now recorded unemployment has dropped.----

 

[8537]

Unemployment rate falls to 8.6% in November


(AP) Washington (AP) —The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department says the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession.
Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.
Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

YEAH-- 350,000 Americans got cut off of unemployment benefits--and now recorded unemployment has dropped.----

No, that's not what it says at all.

 

[Mr.Nick]

N'aw, just to idiots who blatantly disregard the fundamental basics of how our economy is measured.

Your fundamental basics are a farce to capitalism dummy..

Sorry to explain to you that I'm a real capitalist and find this bullshit Keynesian crap such.

Now fools like you may as well draft a 5-year plan because I don't play your ignorant bullshit..

So measuring gdp is keynesian now?

Oh my gawd dude.

(pssst: hey, you're pretty stupid)

Where did I ever say that or imply it???

A mixed economy is our model and our government lies - not only that but prints money and puts in the banks hands which they refuse to lend because they're smart, not because they wont be paid back or because insurance will back the money but because they fear inflation...

It make no sense to insure a dollar for 50 cents, nor will any insurance back the banks...

What does this have to do with Keynesian economics?? who prints the money and who supports the rise of Fannie and Freddy???

You know absolutely nothing....

 

[Trajan]

Unemployment rate falls to 8.6% in November


(AP) Washington (AP) —The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department says the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession.
Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.
Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

YEAH-- 350,000 Americans got cut off of unemployment benefits--and now recorded unemployment has dropped.----

No, that's not what it says at all.

Q- why did the rate drop?

 

[8537]

YEAH-- 350,000 Americans got cut off of unemployment benefits--and now recorded unemployment has dropped.----

No, that's not what it says at all.

Q- why did the rate drop?

A: Because 350,000 jobs were created, the seasonal adjustments altered that figure to 120,000 and 315,000 quit looking for work. Without the people leaving the workforce the unemployment rate would have been about 8.8%.

 

[Mr.Nick]

Every time you post, you prove yourself to be just a bit more ignorant of the most basic macroeconomic concepts. GDP IS actual production. it is adjusted for changes in the purchasing power of money.

I don't know which radio show gave you your economics education, but you should demand a refund.

Macro is the problem when we should be practicing microeconomics...

Why the **** you think we have the problems we do???

"Practicing microeconomics"? How does one practice micro?

How can someone claiming a hypothesis that GDP never shrinks also claim that Macro is the problem?

Macro is the problem...

Macroeconomics - Wikipedia, the free encyclopedia

I would look to the Euro as an example of that....

 

[Trajan]

No, that's not what it says at all.

Q- why did the rate drop?

A: Because 350,000 jobs were created, the seasonal adjustments altered that figure to 120,000 and 315,000 quit looking for work. Without the people leaving the workforce the unemployment rate would have been about 8.8%.

so, if we continued to create 120k jobs a month, and we had the same number comparatively dropping from the work force, how long until the rate is 5%?

 

[Mr.Nick]

So measuring gdp is keynesian now?

Oh my gawd dude.

(pssst: hey, you're pretty stupid)

Where did I ever say that or imply it???

A mixed economy is our model and our government lies - not only that but prints money and puts in the banks hands which they refuse to lend because they're smart, not because they wont be paid back or because insurance will back the money but because they fear inflation...

It make no sense to insure a dollar for 50 cents, nor will any insurance back the banks...

What does this have to do with Keynesian economics?? who prints the money and who supports the rise of Fannie and Freddy???

You know absolutely nothing....

If you were so ******* smart you would refute my argument dummy....

 

[8537]

Macro is the problem when we should be practicing microeconomics...

Why the **** you think we have the problems we do???

"Practicing microeconomics"? How does one practice micro?

How can someone claiming a hypothesis that GDP never shrinks also claim that Macro is the problem?

Macro is the problem...

Macroeconomics - Wikipedia, the free encyclopedia

I would look to the Euro as an example of that....

What, specifically, is the "problem" with macro?

 

[Trajan]

No, that's not what it says at all.

Q- why did the rate drop?

Partly b/c 120k people got jobs, partly because 315k are no longer counted.

Add the 315k back, unemployment still dropped by 120k.

see 474.

 

[8537]

Q- why did the rate drop?

A: Because 350,000 jobs were created, the seasonal adjustments altered that figure to 120,000 and 315,000 quit looking for work. Without the people leaving the workforce the unemployment rate would have been about 8.8%.

so, if we continued to create 120k jobs a month, and we had the same number comparatively dropping from the work force, how long until the rate is 5%?

about 11 years.

 

[Mr.Nick]

"Practicing microeconomics"? How does one practice micro?

How can someone claiming a hypothesis that GDP never shrinks also claim that Macro is the problem?

Macro is the problem...

Macroeconomics - Wikipedia, the free encyclopedia

I would look to the Euro as an example of that....

Fuckstick, stop talking Economics. You're like a life-long ping-pong player trying to tell Michael Jordan how to play Basketball. stfu, go to sleep.

Then refute it dummy - telling me how stupid I am is a waste of time.

 

[Trajan]

A: Because 350,000 jobs were created, the seasonal adjustments altered that figure to 120,000 and 315,000 quit looking for work. Without the people leaving the workforce the unemployment rate would have been about 8.8%.

so, if we continued to create 120k jobs a month, and we had the same number comparatively dropping from the work force, how long until the rate is 5%?

about 11 years.

really?ok, and?