Unemployment Falls to 8.6 Percent as More Quit Seeking Jobs

Only in the United States could we find a citizenry that is so stupid that is accepts as "fact" official inflation statistics that do not include fuel, energy, and food. Only in the United States could we find a citizenry that is so stupid that it accepts as "fact" official labor statistics that assume all unemployed people who have quit looking for a job are no longer unemployed....

But, in Obama's Welfare State, why should people look for a job? The wheels of Socialism are already turning to make sure that unemployment benefits are extended for yet ANOTHER YEAR!

But wait! If the unemployment rate is really going down so fast, then why in the hell do we need to be extending unemployment benefits another year? Only in the United States could you find so many citizens who are so stupid that they are incapable of seeing through this morass of socialist lies and distortions....

 

That funny accounting of Unemployment started under Reagan. When your benefits run out you are no longer counted as unemployed. If the real numbers came out it would be a political DEATHBLOW to Obama. Yet this spiral started under the Republicans and both sides letting Banks, Wall street, and Politicians each behave in concert as craven self centered destructive fools. And no change about Wall street and bankshttp://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817

 

Only in the United States would we find citizenry that is so stupid that it accepts false right wing propaganda as truth, such as the often repeated claim that the official inflation statistics do not include fuel, energy, and food.

 

So completely unlike right-wingers, "we guys" try to put blame where it actually belongs -- with those people who earned and richly deserve it. Sadly given your take on things, these turn out to be almost exclusively Republicans and their fellow travelers. Horrible governance on the one hand, and terrible policy ideas on the other. You can make a pretty big mess with that sort of one-two punch.

And the sun will rise tomorrow in the west. Osama bin Laden is dead. So is Qaddafi. The recession ended sooner than anyone expected. Despite Republican efforts to kill the recovery, it continues on. GM and Chrysler still exist. Countrywide and Ameriquest don't. People actually respect the USA again. Obama is more popular in Germany than Merkel. He is more popular in France than Sarkozy. Bush was popular in Albania. HCR is already cutting worst practices and will soon be cutting costs. Everywhere you look, it is Republican efforts to thwart Obama's every move that have failed. We'll add tax increases for the rich to that pile soon.

 

Well, there is one of a dozen or so sub-indexes that is calculated on that basis, but as most people who have paid any attention at all to inflation data would know, the headline CPI-U index is 15% food, 4% household energy, and 5% motor fuels. The claim above could never be made by anyone of even a passing familiarity with the data.

A young mother-to-be quits her job to go home, have her child, and then raise it until the time -- be that months or years later -- that she feels school or day-care is appropriate. She doesn't want work. She isn't looking for work. She doesn't consider herself available for work. How long after she leaves that old job should she continue to be counted as unemployed?

We have never discontinued extended UI benefits while the unemployment rate was above 7.2%. What makes now so special?

The tangled morass of lies is over there on your end. What a sorry show.

 

Grade school error. Whether or not anyone is receiving UI benefits is not a factor of any sort in determining the unemployment rate. The unemployment rate has been determined since 1940 from the results of monthly surveys of households. Currently, some 60-70K households are interviewed each month during the week in which the 12th of the month falls. That is all. The number of people on, off, starting, or leaving UI benefits is simply not a part of the equation.

 

Listen, Obama has been potus for the past 3 years. The economy is still in shambles, nothing is improving, he added 4 Trillion to the debt by running huge record breaking deficits.

who respects the US? No one likes Obama, and thinks he is the clown (*)(*)(*)(*)(*) of the world.

 

LOL! As if even right-wingers actually believed that.

About 45% on the deficits has come from revenues lost to the Great Bush Recession. Nearly as much has come through emergency support programs made necessary by the Great Bush Recession. Obama has actually cut the rate of growth in non-emergency federal spending about in half from what is was in Bush's pre-recession years.

LOL! As if even right-wingers actually believed that.

 

This is Obama's economy, this is his failure, dems took control in 2007, they failed. how does it feel rooting for losers?

 

When Obama took office, the economy was tanking at a -9% real rate, losing 700,000+ jobs a month, unemployment was skyrocketing upward, and the stock markets were crashing in the worst recession in 80 years. The housing market was destroyed and we were headed straight for a depression.

But now the economy has been growing steadily for more than two years, the private sector has created jobs every month for more than a year and a half, stock markets are up about 85% from their recession lows, and the unemployment rate has fallen from above 10% to 8.6%, and about 5 million private sector jobs have been added since Jan 2010.

Only those invested in failure for political purposes could claim nothing is improving and Obama has been a failure.

 

Yes, all the reverse of catastrophic course from January 2009, all of the progress, all of the improvement -- all of THAT is Obama's. Republicans have contributed NOTHING. Absolutely NOTHING.

 

Remember folks...17thAndK is the same guy that typed the following last month:

'...and the economy as a whole is of course far better off than it was in the dark days of three years ago.'

http://www.politicalforum.com/4673096-post242.html

So even though American home owners are worth far less, the unemployment rate is FAR higher and there are far more people that cannot even afford to feed themselves (record food stamp distribution)...

Oh...and almost 50% more national debt, a much higher deficit, FAR higher inflation and a higher trade deficit.

But besides ALL that...the economy is 'far better off'?


Imo, 17thAndK is just some obsessed Keynesian who simply does not have a clue. He is ignorant, arrogant and (obviously) bitter.

I sincerely pity him.

 

About three years ago, the economy was tanking at a -9% real rate, losing 700,000+ jobs a month, unemployment was skyrocketing upward, and the stock markets were crashing in the worst recession in 80 years. The housing market was destroyed and we were headed straight for a depression.

But now the economy has been growing steadily for more than two years, the private sector has created jobs every month for more than a year and a half, stock markets are up about 85% from their recession lows, and the unemployment rate has fallen from above 10% to just above 8.6%, and about 5 million private sector jobs have been added since Jan 2010.

Only those invested in failure for political purposes could claim we are not better off than then. I pity them.

 

So even though American home owners are worth far less, the unemployment rate is FAR higher (it was 6.8% in Nov. '08 ) and there are far more people that cannot even afford to feed themselves (record food stamp distribution)...

Oh...and almost 50% more national debt, a much higher deficit, FAR higher inflation and a higher trade deficit.

But besides ALL that...you and 17thAndK think the economy is 'far better off' then it was 3 years ago?

Noted.

 

So the private sector creating jobs every month is worse than losing 700,000 a month.

Noted.

 

because not everyone can have a job.... if you are a baby you are not going to be working..... it would be unfair to include everyone since not everyone can work or even has to work.

 

Where exactly did I type that?

 

i think people give the government fair to much credit when it comes to the economy.... its not like the government can just boom make jobs appear.

 

Sure they can...it's called 'war'.

 

Sorry, I'll rephrase.

So even though the economy has been growing steadily for two years instead of tanking at a -9% real rate, the economy is steadily adding jobs instead of losing 700,000 jobs a month, the stock markets have grown about 85% from their recession lows instead of tanking, and unemployment has been slowly improving instead of skyrocketing upwards, things are not better off?

Noted.

 

You are mistaken, 17th.

Your insults and attempts to deflect what you have incorrectly stated are very misplaced.

DA60 was absolutely correct when he said, "Imo, 17thAndK is just some obsessed Keynesian who simply does not have a clue. He is ignorant, arrogant and (obviously) very bitter. ... I sincerely pity him!"

 

No, DA60 is essentially an economic and historical know-nothing who was repeatedly caught in deliberate lies and in response, vainly tried to defend himself. This resulted in his being exposed to even more humiliation. Now his little pride is hurt, so he goes around saying mean things. Like some misbehaved little child, he has received his spanking and now blames everyone but himself for it.

As for you, you've certainly made a laughing stock of yourself with your hollow toadishness, but you have not made much advance beyond that level. Your persistent subscription to well-known braindead ideas and theories suggests that you in fact have no further way to go.

 

Parts of the economy have better numbers - but it's all artificial...propped up by articially low interest rates and money 'printing'/massive debt from the Fed/fed. govt.. But it's unsustainable.
And when it ends it's all coming down again.
And this time probably harder then in 2008.

And btw, the average American is FAR worse off today then in Nov. '08 for the reasons I listed above.

 

Thank you, DA60, for beating me to the punch with your rejoinder to our Keynesian-minded friends. Iriemon makes the unassailably correct contention that, statistically, the economic indicators are better than those recorded for 2008... BUT, you are correct: this whole "recovery" has been little more than an amalgam of Obamanite Welfare State socialism, and a Federal Reserve System "fraud balloon" that kept the über-wealthy ruling elite in power and control with the irresponsible, reckless "printing" of trillions of dollars, and unconstitutional "rescue" for a host of those Wall Street bankers and parasites who were conveniently deemed "too big to fail".

From the first Obamanite "stimulus" through Bernanke's desperate "quantitative easing" ploys, this regime's unholy alliance of socialists and Inner-Party Fed. Reserve manipulators have toiled away at leveraging all this delusional Keynesian fraud into prosperity, but it hasn't happened, and it won't....

The ugly truth is that NOBODY is going to bring about a real recovery and a real return to prosperity until the U. S. Tax Code is completely overhauled to eliminate all loopholes, shelters, exemptions, exclusions, etc., and the rotten, stinking FAILURES are allowed to go ahead and FAIL -- like Fannie and Freddie, among others, which have had unending, unlimited support by the Comrade Obama's regime. But another ugly truth is that, frankly, I don't see either Gingrich or Romney changing the U. S. Tax Code in any meaningful way, either.

All in all, we are pretty much screwed, but the Obama regime promises us more of the same coverup and fraud-- which will be a worse screwing than anything the Republicans would do to us....

 

These facts about the current state of our economy were very interesting!

"Weak job growth means companies don't have to raise pay to keep their employees. Fewer jobs and lower pay leaves consumers with less money to spend. That's holding back economic growth."