More economic good news, unemployment rate drops to 8.6%

[Charles_Main]

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 This material may not be published, broadcast, rewritten or redistributed.

Only a Bunch of Lunatic Obama Supporters can look at these numbers and start popping the Bubbly. the main reason the Rate dropped to 8.6% was not the 120,000 Jobs Created, It was the 300,000 People who STOPPED LOOKING FOR WORK. Try reading all the numbers and not just the Highlights. Governments always tend to Highlight the best sounding parts.

 

[Mr.Nick]

You are confused. Macroeconomics isn't a policy. it's an area of study. The most ardent Austrian economists - from Hayek to Von Mises to Rothbard - are Macroeconomists. They study macroeconomics. They reach different policy prescriptions than other people who study macroeconomics, but they are macroeconomists nonetheless.

Ditto, Friedman, Keynes, Samuelson, Fisher etc....

No, I'm not confused.

I promote and wish to practice Austrian School.... I'm a real capitalist...

I don't believe in global markets....

Yes, you are confused. Hayek and Von Mises "practiced" macroeconomics. In fact, Austrian economics is almost exclusively a theory of Macroeconomics.

I'm an Austrian School capitalist - it's not difficult to understand..... You make this as difficult as explaining libertarianism or the Bill of Rights to a progressive...

 

[8537]

No, I'm not confused.

I promote and wish to practice Austrian School.... I'm a real capitalist...

I don't believe in global markets....

Yes, you are confused. Hayek and Von Mises "practiced" macroeconomics. In fact, Austrian economics is almost exclusively a theory of Macroeconomics.

I'm an Austrian School capitalist - it's not difficult to understand..... You make this as difficult as explaining libertarianism or the Bill of Rights to a progressive...

an Austrian School capitalist is a macroeconomist. Tell me, what do you think of the temporal shifting of production in the ABC theory?

 

[Mr.Nick]

I don't even know why the **** I'm being attacked...

pointing out that you are woefully ignorant isn't an attack. It's a fact.

I'm right and you're the fool...

When I'm wrong I apologize... You know why? because I'm better than people like you..

 

[thereisnospoon]

Unemployment going down.

Auto sales up 13.9%,

Pending home sales up 10%,

Retail sales up 16%,

The stock market up 500 points...

It looks like the train is leaving the station.

Where are your links?

 

[Mr.Nick]

Yes, you are confused. Hayek and Von Mises "practiced" macroeconomics. In fact, Austrian economics is almost exclusively a theory of Macroeconomics.

I'm an Austrian School capitalist - it's not difficult to understand..... You make this as difficult as explaining libertarianism or the Bill of Rights to a progressive...

an Austrian School capitalist is a macroeconomist. Tell me, what do you think of the temporal shifting of production in the ABC theory?

I don't "think" you think.. I believe you get all your economic lessons from google.

I also believe it takes years to understand economics and their impact on a society...

 

[Chris]

Unemployment going down.

Auto sales up 13.9%,

Pending home sales up 10%,

Retail sales up 16%,

The stock market up 500 points...

It looks like the train is leaving the station.

Where are your links?

http://www.usmessageboard.com/the-romper-room/196883-the-train-is-leaving-the-station.html

 

[Mr.Nick]

Unemployment going down.

Auto sales up 13.9%,

Pending home sales up 10%,

Retail sales up 16%,

The stock market up 500 points...

It looks like the train is leaving the station.

Where are your links?

http://www.usmessageboard.com/the-romper-room/196883-the-train-is-leaving-the-station.html

Oh shut the **** up - you're one of the worst.....

You shouldn't even be here considering you advocate socialism...

 

[pinqy]

I don't even know why the **** I'm being attacked...

Because you're saying stupid things.

the government is lying to you about the GDP....

Since you don't seem to know even the basics about the GDP (economic law it can't go down???), any claims you make about it seem odd.

The ******* CBO lies,

And your evidence is?

the unemployment formula is flawed

You didn't even know what the forumla was until it was explained to you here...and then in support of your false claims you cite an article that completely refutes you.

You don't even seem to know the definition of Macroeconomics.

 

[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.

Thank you--upos--President--we just had 350K Americans drop off of unemployment insurance--who don't have JOBS--and NOW who no longer get unemployment checks and you get the credit for it.

 

[Trajan]

The number needed to maintain parity is dynamic - and will gradually decrease over the next couple decades.

you know, you have done this before. you are moving the goal posts. I posted links for you too.

I moved no goalpost. I simply responded to your claim of 135K needed to maintain parity. Parity is an always-moving target. in the late 1990's we needed 200K jobs just to "maintain parity".

yes and we are not addressing a 20 year window, are we?

so, read my missive from NR above and let me ask you a question to fashion the point I am trying to make. on a scale of 1 to 10, 10 being boffo, how would you rate this 'job report'?

I'd rate it a 5. If you have a point to "fashion", we could save some time if you'd just state it instead.

no, I needed to ask some questions first, sorry. so, it would take approx. 8-10 years ( with no boom and mild or bad recession as in the normal cyclical bus/economic swings) to get to 5%. Thats , well ridiculous.

You rate the report as a 5. Ok. well now you know why there is so much acrimony over the reports like this. first its counter intuitive as it is expressed, we know people have dropped out of the work force, the LPR is lower etc etc. yet a jobs report that barely clears a barrier for new entrant growth on top of the huge mass of folks not even counted, and the number goes down and some folks are irate, they feel like they are being played.

I rate any report above 200k and below 400k right now as a 3. Its been over 2 years.

 

[Mr.Nick]

I don't even know why the **** I'm being attacked...

Because you're saying stupid things.

the government is lying to you about the GDP....

Since you don't seem to know even the basics about the GDP (economic law it can't go down???), any claims you make about it seem odd.

The ******* CBO lies,

And your evidence is?

the unemployment formula is flawed

You didn't even know what the forumla was until it was explained to you here...and then in support of your false claims you cite an article that completely refutes you.

You don't even seem to know the definition of Macroeconomics.

You do realize there is only one right way???

You live in a shit reality but pretend like its jolly....

It's truly amazing.....

 

[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 unemployment benefits for 350K Americans just got cut off and our pos President takes credit for it.

 

[Chris]

 

[likeabird03]

No thanks to Obama or the stimulus.

 

[Toro]

I don't even know why the **** I'm being attacked...

Because you're saying stupid things.

Since you don't seem to know even the basics about the GDP (economic law it can't go down???), any claims you make about it seem odd.

And your evidence is?

the unemployment formula is flawed

You didn't even know what the forumla was until it was explained to you here...and then in support of your false claims you cite an article that completely refutes you.

You don't even seem to know the definition of Macroeconomics.

You do realize there is only one right way???

You live in a shit reality but pretend like its jolly....

It's truly amazing.....

You realize you're arguing with a guy who does this for a living, right?

 

[jillian]

nicky never lets facts get in his way. it's a beautiful thing.

 

[Toro]

How about the notion of a global economy???

That is just for starters...

You are confused. Macroeconomics isn't a policy. it's an area of study. The most ardent Austrian economists - from Hayek to Von Mises to Rothbard - are Macroeconomists. They study macroeconomics. They reach different policy prescriptions than other people who study macroeconomics, but they are macroeconomists nonetheless.

Ditto, Friedman, Keynes, Samuelson, Fisher etc....

No, I'm not confused.

I promote and wish to practice Austrian School.... I'm a real capitalist...

I don't believe in global markets....

How can you say you're an Austrian and then say you don't believe in global markets?

The core underlying belief of the Austrian School is that markets everywhere and always work, whether that is in your local community or around the world.

 

[8537]

you know, you have done this before. you are moving the goal posts. I posted links for you too.

yes and we are not addressing a 20 year window, are we?

so, read my missive from NR above and let me ask you a question to fashion the point I am trying to make. on a scale of 1 to 10, 10 being boffo, how would you rate this 'job report'?

I'd rate it a 5. If you have a point to "fashion", we could save some time if you'd just state it instead.

no, I needed to ask some questions first, sorry. so, it would take approx. 8-10 years ( with no boom and mild or bad recession as in the normal cyclical bus/economic swings) to get to 5%. Thats , well ridiculous.

You rate the report as a 5. Ok. well now you know why there is so much acrimony over the reports like this. first its counter intuitive as it is expressed, we know people have dropped out of the work force, the LPR is lower etc etc. yet a jobs report that barely clears a barrier for new entrant growth on top of the huge mass of folks not even counted, and the number goes down and some folks are irate, they feel like they are being played.

I rate any report above 200k and below 400k right now as a 3. Its been over 2 years.

So, after all that rambling you think this jobs report is a 1 or 2 on a scale of 1 to 10? You must have felt the jobs reports for the first three and last one year of the Bush administration were all 1's. Right?

amiright?

Somehow I'm sure I'm not right.

 

[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 unemployment benefits for 350K Americans just got cut off and our pos President takes credit for it.

No, that's not right. That didn't happen at all.