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Old 10-05-2012, 12:24 PM
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OK....I think we all know it's a shell game when U3 has the biggest single drop in 40 years and U6 is unchanged at 14.7%.
Remember the executive order Obama signed in July on work/welfare requirements??? The one he said would not put more people on welfare?
What it DOES do is allow states to shift people from U3 into U6 as far as the Dept of Labor Statistics is concerned.
Obama gets the headline number to claim things are going in the right direction while the reality is the numbers are unchanged or may even be worse.
With this historical improvement I'm sure Barry and Ben Bernanke will be cancelling QE3. I wonder why Ben, with access to all the data didn't see this coming? Why did he see a need for QE3 ??
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Old 10-05-2012, 01:01 PM
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Oh the WH is screaming about how they have it right and we can't go back, blah, blah, blah.

One itty bitty problem.
Every economist in the country is saying it BS.
EVEN MSNBC IS CALLING THEM OUT ON THIS!!

I think there is so much blow back going on right now that within the next 2 weeks those job numbers will be "revised" to about 8%.
it won't reflect what all the economist are saying with is 8.2-8.3% but they will have to raise it to keep from looking quite so corrupt.
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Old 10-05-2012, 01:08 PM
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Funny how this magical new low # came out so soon after Odumbass bombed the debate..... Another way to try to distract his followers from the real truth.
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Old 10-05-2012, 02:45 PM
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also has come out that the guys that control those numbers are HUGE obama supporters and have giving large money to his re-election.

http://freebeacon.com/meet-the-obama-donors-at-the-bls/
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Old 10-05-2012, 05:40 PM
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BWAHAHAHA!!
The margin of error on the 847,000 number is .....................................




















wait for it.































400,000
So the 847,000 number means NOTHING.
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Old 10-05-2012, 08:25 PM
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There's still 23 Million unemployed / under employed people.

Some of those new jobs are government (10,000), some are healthcare and finance. 15,000 jobs lost in manufacturing. Half were part time jobs. Some are seasonal (their suppose to factor seasonal out).

The business survey says only 114000 jobs where created. Whatever, it's less than is needed.
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Old 10-05-2012, 09:07 PM
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Quote:
Originally Posted by Wade View Post
There's still 23 Million unemployed / under employed people.

Some of those new jobs are government (10,000), some are healthcare and finance. 15,000 jobs lost in manufacturing. Half were part time jobs. Some are seasonal (their suppose to factor seasonal out).

The business survey says only 114000 jobs where created. Whatever, it's less than is needed.
The real unemployed number is way higher. They don't include discouraged workers (unemployed for over six months).
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Old 10-05-2012, 09:27 PM
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Quote:
Originally Posted by thomps33 View Post
The real unemployed number is way higher. They don't include discouraged workers (unemployed for over six months).
Real number (according to the talking heads) is 11.3%
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Old 10-05-2012, 09:29 PM
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Quote:
Originally Posted by thomps33 View Post
The real unemployed number is way higher. They don't include discouraged workers (unemployed for over six months).
More than 12.5 million people were unemployed.

Add Discouraged workers, part-time jobs but would prefer full-time work are included, more than 23 million Americans are underemployed.

The underemployment rate is 14.7 percent. But, it's probably a little higher. Specially, if you add in all the people that retired early, but didn't want too.
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Old 10-06-2012, 09:14 AM
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I know im employed for twice as much work for half as much money and I bet I still count
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