Unemployment Rises to 6.2%

[EconChick]

It is not "bad" news at all, but it does show the economy is not as robust as we would like.

Yep.

Even the better GDP number in 2nd quarter must be looked at in perspective of the whole of the first six months, anemic at best and not what we'd look for as a solid recovery.

Housing recover, which is a huge driver or both employment and consumer expenditures, has also seemed to have run out of steam.

All you have to do is ask middle America. They'll set your delusions straight about your manipulation of economic data.

So by all means.....keep twisting those numbers till November. It's going to be so fun watching when the public tells you what THEY think of your numbers.

 

[SteadyMercury]

For most of the liberal posts here on the economy, algebra IS obviously too complex.

You prove my point. You are driven by politics, not unbiased analysis. Liberal this, liberal that, blah blah liberal blah.

You should pay attention to and learn from people like Pinqy who is interested in the data and drawing conclusions from it, not in spinning it to attack the opposing political team. He takes heat from both sides of the aisle for not blindly following either.

Great, as usual, I have a post about substance and you libs have to make it personal.

The first personal attack in our interactions was the word "clueless" coming from you, but you sure do make a great victim. Woe to you.

 

[EconChick]

If your brain can't think in a complex way, than you're never going to understand how the economy works.

Instead of thinking in third grade math ( 2+2=4) you'll have to think in a little more complex math (like 4 + (5x4) -2+7(x)+2).

Hah hah that is pretty funny, I've not seen many people use junior high algebra to demonstrate "complex" math.

EconChick you are nothing more than a partisan hack, you make so much effort talking up how people need to think but demonstrate over and over you worldview is nothing more than chasing ideological preconceptions.

And that part is true. We told you over and over and over that Keynsian big spending policies don't work. Many of us warned your types 6 years ago.

And here it is. Just what we warned you about.

 

[SteadyMercury]

It is not "bad" news at all, but it does show the economy is not as robust as we would like.

Yep.

Even the better GDP number in 2nd quarter must be looked at in perspective of the whole of the first six months, anemic at best and not what we'd look for as a solid recovery.

Housing recover, which is a huge driver or both employment and consumer expenditures, has also seemed to have run out of steam.

All you have to do is ask middle America. They'll set your delusions straight about your manipulation of economic data.

So by all means.....keep twisting those numbers till November. It's going to be so fun watching when the public tells you what THEY think of your numbers.

I'm not even sure what you're responding to here.

I'm looking at my post which was critical of GDP growth, critical of the housing recovery, and agreeing with the notion that the economy is not robust... and you are saying they are delusions and I'm am twisting numbers. Did I even post numbers to be considered twisted?

By saying I'm delusional I assume you are disagreeing and claiming GDP growth was strong, the economy was robust, and housing market is strong? I disagree, total GDP over first six months was only 1% that is weak especially for what some are calling an accelerating recover.

 

[SteadyMercury]

And that part is true. We told you over and over and over that Keynsian big spending policies don't work. Many of us warned your types 6 years ago.

And here it is. Just what we warned you about.

Six years ago you warned that the stock market would have a 2% drop after a 95% gain?

Thanks for the warning.

 

[EconChick]

For most of the liberal posts here on the economy, algebra IS obviously too complex.

You prove my point. You are driven by politics, not unbiased analysis. Liberal this, liberal that, blah blah liberal blah.

You should pay attention to and learn from people like Pinqy who is interested in the data and drawing conclusions from it, not in spinning it to attack the opposing political team. He takes heat from both sides of the aisle for not blindly following either.

Great, as usual, I have a post about substance and you libs have to make it personal.

The first personal attack in our interactions was the word "clueless" coming from you, but you sure do make a great victim. Woe to you.

I started out as a heavily Keynsian trained liberal. Then I saw how wrong the results were. I went through my objective phase but clearly there's one school of thought that doesn't work. Now get the **** off the fence.

 

[EconChick]

And that part is true. We told you over and over and over that Keynsian big spending policies don't work. Many of us warned your types 6 years ago.

And here it is. Just what we warned you about.

Six years ago you warned that the stock market would have a 2% drop after a 95% gain?

Thanks for the warning.

Yes, yes, that's what your small mind would think. I've only explained a ton of times I'm talking about the macro-economy genius.


You really are slow.

 

[ogibillm]

LOL that the Unemployment Rate going UPPPPPPPPPP is not bad news. Only in the liberal Bizzarro World is that good news.

under these circumstances it is good news.

No it's not. The slimey twisting of unemployment numbers is coming back to haunt you peeps.

well if you think adding 200k new jobs and an increase in averages wages is a bad thing i don't know what to tell you.

what color do you think the sky is?

 

[EconChick]

Yep.

Even the better GDP number in 2nd quarter must be looked at in perspective of the whole of the first six months, anemic at best and not what we'd look for as a solid recovery.

Housing recover, which is a huge driver or both employment and consumer expenditures, has also seemed to have run out of steam.

All you have to do is ask middle America. They'll set your delusions straight about your manipulation of economic data.

So by all means.....keep twisting those numbers till November. It's going to be so fun watching when the public tells you what THEY think of your numbers.

I'm not even sure what you're responding to here.

I'm looking at my post which was critical of GDP growth, critical of the housing recovery, and agreeing with the notion that the economy is not robust... and you are saying they are delusions and I'm am twisting numbers. Did I even post numbers to be considered twisted?

By saying I'm delusional I assume you are disagreeing and claiming GDP growth was strong, the economy was robust, and housing market is strong? I disagree, total GDP over first six months was only 1% that is weak especially for what some are calling an accelerating recover.

I was saying, "that's right" .....you really are slow. You're not even partisan. You're lobotomized.

 

[ScreamingEagle]

It seemed to be fine in the 1950's, 1960's and early '70's when it was lower.

back then it only took 1 person to support a family....

There's been a trend of going back to one earner, because in many cases 2 workers are worse off. If the cost of transportation, child care, work clothes, lunches out, and increased cost of food at home due to reliance on pre-made food and less cooking time is higher than the income from the secondary earner, then the family would be better off with one earner. My family was like that briefly: my wife's salary was pretty much nullified by all the associated costs.

i agree that lots can be saved with one parent staying at home with kids....but there's also a trend of more part-time jobs....seems that lots of earners now need to find 2 jobs today to really make it...so instead of working 40 hours to support the family he's working maybe 60 hrs....

i was talking with someone the other day who was laid off from a full time job and is now working at 3 jobs...same type of job but different employers....

 

[EconChick]

under these circumstances it is good news.

No it's not. The slimey twisting of unemployment numbers is coming back to haunt you peeps.

well if you think adding 200k new jobs and an increase in averages wages is a bad thing i don't know what to tell you.

what color do you think the sky is?

LOL, we could do this all day long.

But the American people know the truth. Watch and see what they think the truth is in November.

LOL....you know deep down you're shaking in your boots but keep up the spin machine anyway.

 

[pinqy]

All you have to do is ask middle America. They'll set your delusions straight about your manipulation of economic data.

Whose manipulation of economic data and what manipulation?

 

[SteadyMercury]

I started out as a heavily Keynsian trained liberal.

I never started off adhering to any political ideology, it leads to people making stupid illogical grasping arguments that are based on different motivations than the motivation to draw a logical conclusion. You are a perfect example, a blind partisan hack who's worldview consists of the good guy conservatives and the bad guy liberals.

Yes, yes, that's what your small mind would think. I've only explained a ton of times I'm talking about the macro-economy genius.

Heh someone who thinks typing up some junior high algebra is showing her grasp of "complex math" calling another person slow is pretty funny.

 

[SteadyMercury]

All you have to do is ask middle America. They'll set your delusions straight about your manipulation of economic data.

Whose manipulation of economic data and what manipulation?

I'm baffled as well, the post she was responding to had no economic data to have been spun.

LOL....you know deep down you're shaking in your boots

Oh my god, I'm almost thinking you're being purposely ridiculous at this point to troll everyone. Nobody really types this.

Just... wow.

 

[pinqy]

back then it only took 1 person to support a family....

There's been a trend of going back to one earner, because in many cases 2 workers are worse off. If the cost of transportation, child care, work clothes, lunches out, and increased cost of food at home due to reliance on pre-made food and less cooking time is higher than the income from the secondary earner, then the family would be better off with one earner. My family was like that briefly: my wife's salary was pretty much nullified by all the associated costs.

i agree that lots can be saved with one parent staying at home with kids....but there's also a trend of more part-time jobs....seems that lots of earners now need to find 2 jobs today to really make it...so instead of working 40 hours to support the family he's working maybe 60 hrs....

i was talking with someone the other day who was laid off from a full time job and is now working at 3 jobs...same type of job but different employers....

Overall, multiple job holders have been going down (I'll have to double check the long term trend, and it's actually hard to measure as it's a small percentage of workers and very volatile).

But 2 part time jobs have been increasing. Not a lot, but some.

The number of people with one full time and one part time has been going down.

 

[Howey]

are you really trying to spin this as bad news?

That's all they can do while the niggrah's in office. Then, when the Hillebeast takes over, it'll be more of the same.

"Women aren't smart enough to run a country keep them in the kitchen!"

Another liberal referring to african americans as *******.

And none of you teabagger idiots has the intelligence to realize I'm simply mocking your ridiculous bigotry. THAT is how dumb you are.

 

[rightwinger]

Middle class jobs are finally coming back - Aug. 1, 2014

Middle class employment is on the upswing, thanks to the strengthening economy.

These are jobs that pay about $770 a week: Think manufacturing, sales, transportation and construction.

This employment category has been expanding since 2013, according to Robert Mellman, senior U.S. economist at JPMorgan Chase.

And the trend should continue. "The mix of jobs is improving," said Ryan Sweet, director at Moody's Analytics, which found that growth in mid-wage jobs has accelerated to an average of 1.5% in 2014, from 1% for the two years prior. "As the economy begins to grow consistently above its potential, we will see more middle class jobs being created."

 

[KissMy]

Another liberal referring to african americans as *******.

Whats your point?

The Obama administration sent census cards to every household in the US that ask if any Negros live there. Obama himself proudly checked the box claiming he was a Negro.

 

[Geaux4it]

Middle class jobs are finally coming back - Aug. 1, 2014

Middle class employment is on the upswing, thanks to the strengthening economy.

These are jobs that pay about $770 a week: Think manufacturing, sales, transportation and construction.

This employment category has been expanding since 2013, according to Robert Mellman, senior U.S. economist at JPMorgan Chase.

And the trend should continue. "The mix of jobs is improving," said Ryan Sweet, director at Moody's Analytics, which found that growth in mid-wage jobs has accelerated to an average of 1.5% in 2014, from 1% for the two years prior. "As the economy begins to grow consistently above its potential, we will see more middle class jobs being created."

How can that be when the middle class demographic of 24-54 lost 142K jobs?

-Geaux




Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K

Another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted.

According to the BLS' household survey, while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there was no joy for those aged 25-54: historically the most important and highest earning age group (in case anyone is wondering where all that missing average hourly earnings growth is) within the US labor force. As the chart below shows, while all other age groups posted a jobs uptick, it was those 25-54 that saw a 142K jobs decline in the past month.

http://www.zerohedge.com/news/2014-...cord-high-jobs-key-25-54-age-group-slide-142k

 

[ogibillm]

Middle class jobs are finally coming back - Aug. 1, 2014

Middle class employment is on the upswing, thanks to the strengthening economy.

These are jobs that pay about $770 a week: Think manufacturing, sales, transportation and construction.

This employment category has been expanding since 2013, according to Robert Mellman, senior U.S. economist at JPMorgan Chase.

And the trend should continue. "The mix of jobs is improving," said Ryan Sweet, director at Moody's Analytics, which found that growth in mid-wage jobs has accelerated to an average of 1.5% in 2014, from 1% for the two years prior. "As the economy begins to grow consistently above its potential, we will see more middle class jobs being created."

How can that be when the middle class demographic of 24-54 lost 142K jobs?

-Geaux




Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K

Another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted.

According to the BLS' household survey, while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there was no joy for those aged 25-54: historically the most important and highest earning age group (in case anyone is wondering where all that missing average hourly earnings growth is) within the US labor force. As the chart below shows, while all other age groups posted a jobs uptick, it was those 25-54 that saw a 142K jobs decline in the past month.

http://www.zerohedge.com/news/2014-...cord-high-jobs-key-25-54-age-group-slide-142k

age has nothing to do with class.