Unemployment Falls to 8.6 Percent as More Quit Seeking Jobs

There is the real number.

 

You've been thoroughly trashed before for your slapstick labor force arguments. There are trend and cyclical components. Do we remember what they are?

 

The unemployment rate has nothing to do with who is and who is not receiving UI benefits. This is 1st grade stuff. Why do so many righties fail to reach that level?

 

The people on the bus go up and down...

The labor force is up by better than 1.1 million for the year.

 

LOL ... you were trashed last week, are trashed now, and will be trashed next week.

But hang around all you want. We need someone spouting the liberal nonsense. Otherwise, what is to squash ?

 

$8,000 is what you pay ion federal income tax if your taxable income is $47,500.

 

Just as real as death panels and the 8%-promise. On the right-wing, if you repeat a lie often enough, you can claim that it's the truth.

 

Not to take the thread on the unrelated tangent you seem to want to put it on, but Clinton (*)(*)(*)(*)ed up big time in his pursuit of Bin Laden.

Read Coll's account in "Ghost Wars".

Maybe get another cup of coffee too. No one in this thread gives a crap about you going off on "death panels and 8%". I think we have a sub-forum for "Red Herrings" somewhere, don't we ?

 

Didn't happen.

Also didn't happen. Intelligence bidgets were cut, particularly those for human intelligence, after the breakup of the Soviet Union because, well gosh, there wasn't a Soviet Union to spy on any more. All that was pushed by Bush-41, not Clinton.

 

Let's see what economists are saying about the bogus drop in unemployment:

http://www.cnbc.com/id/45521793

 

Not so much on the right. Very few well-informed people can so much as tolerate the right-wing. The stench of the wall-to-wall propaganda is too much for them. The right-wing is home to those with limited ability to obtain or process information who thus welcome the pre-digested partisan versions of things that the propagandists hand them. Some of them become so seduced by phoniness that they start threads claiming that the GSE's were responsible for the credit crisis. You can't get a whole lot more deluded than that.

LOL. You're a back-of-the-pack straggler, my boy. Many in the field have lapped you many times. Clinton had to invent an anti-terror program thanks to the mistakes of those who preceded him. When he left, his people advised Bush's people that terrorism would be the number one problem on their watch. They promptly back-burnered the whole nine yards of it. Not a part of their agenda. Washed their hands of the final USS Cole reports because the issue was "stale" by February 2001 and it didn't really affect them anyway. This was the sophisticated sensitivity that Republicans brought to the matter.

 

Comfy but phony speculation. The new, young wealth-makers are diversity embracing, barrier-breaking, new frontier types who abhor the straitjacket conservative mindset. Meanwhile, the old-old are dying off, and the new-old are aging hippies. The new blue-collar worker is not native-born. You are taking a beating on every front.

 

But as we see here in PF, the morons are overwhelmingly those who tend liberal. Its not even close. Jeeez ... look at your posts !

LOL ... and you're yesterday's squashed sycophant. Clinton had a disjunct and poorly connected Intelligence community, due primarily to his budget cuts and liberal de-emphasis on all things defense. Then, with what good intelligence they did produce, his jackasses like Sandy Burglar dismissed. Meanwhile, Clinton is getting hummers while talking to Congressmen on the phone about security issues. And then there's those multiple serious terrorist attacks against US assets. Clinton retaliated by dropping a bomb on an aspirin factory.

You defending that jackass makes my earlier above point.

Take this the the "I can't debate" forum. If you can't debate the topic, do us all a favor and stop stinking up the joint. Thanks.

 

First of all, you are reporting seasonally adjusted U-3 unemployment rate. It is deceptive to call this the "real" unemployment rate. Just because the government says so does not mean it's correct.

The real unemployment rate is non-adjusted U-5, which is at 9.7%. Still horrendous.

 

It's the real number for U-6.

 

Short-term memory loss is getting worse. No posts from me last week.

All talk, no show. What are the dynamics underlying the current LFPR trend-line again? I don't think you've gotten around to mentioning them yet.

 

I'm noticing though, most of the news reports are mentioning the 300,000 people leaving the workforce after the 8.6 rate is mentioned. I even heard ABC news mention it! The american people are starting to become aware of this.

You are right in that in this environment, the U3 rate is misleading. Heck, we could have had zero gains in jobs, and 600 thousand people leave the workforce and the rate would have still dropped to 8.6. We have a different crises now of a shrinking workforce. How can we possibly have a shrinking workforce with an ever growing population??

What interesting is, if we measured the rate according to the workforce we had when Bush left office, unemployment would be 11%. That's a recovery?

 

Actually my iron deficient friend the current employment picture began before Obama....just as Carter's started before he came into office and finally ended when HIS policies and appointees saved Reagan lightweight butt.

In Reagan's defense he did see that his supply side crap was just that and raised taxes much like his VP was forced to do when he was president. THen came Reaganomics part 3 and that really messed things up. Taxcuts while paying for a war, lack of leadership on the wall street bubble and setting up a two front war all led to where we are today.

Now Im not saying that The current Prez is not without blame but by and large much of what he is dealing with came before he ever took the oath and much of what he has attempted will most likely come to fruition in the next 4 years....whether he is the prez or not.

Simple history and a dose of economic reality....you can now go back to your AM radio for more misleading tripe.

 

More memory problems -- I didn't raise the point.

Please post any support you feel Coll provided for EMTDaniel's phony claims.

Just other examples of the outright lies that the right-wing invents and then pumps through the echo chamber into less than capable minds.

 

Good post thanx for an honest answer , not some partisan trip like half this thread .

 

Not only that, but GDP includes government spending. If we simply keep increasing government spending, then it willl *appear* that the economy is "growing" according to GDP statistics. That's Keyenesian Theory...except the government is supposed to be theoretically using its spending to pay down the national debt. You think that's ever going to happen? LOL!

The REAL unemployment rate is non-adjusted U-5.
The REAL GDP is GDP minus GOVT SPENDING (AKA private GDP)

 

You count Santelli? What a hoot! Otherwise, to the extent that they even are, your sources are complaining about dining at a merely 3-star restaurant after long months on moldy bread and thin broth while held captive over at Maison de Bush.

 

No one is saying Obama did not inherit a mess. However, there is nothing to point to that would rate as a success with his efforts. Nothing. There's plenty of fail and waste and stupidity though. Stimulus catastrophe. Green energy rabbit hole. More senseless economy-killing regulations. Croney capitalism. Class envy. Immigration failure. Debt. And more debt. A dept of Justice that belongs in jail. Etc.

Likewise, there is nothing in his current initiatives that bodes well for the future. Nothing. Zip.

Perhaps you can provide some real information. Cite some real sources. "Because I say so" just doesn't cut it.

 

LOL ... I quoted multiple sources ... and all from just one article

How about reading the thead. Getting caught up first, before you gallop in on your hobby horse with your cap gun blazing.

Thanks.

 

I believe you are right on,,,Holiday jobs for sure, and of course those that stopped looking helps a Lot.
It's politics time,,the Headlines will scream,,OBAMA DOES IT!!,,and grab the bounce,,two weeks from now everything will come out and some error will also will be mentioned,,,some place on page 36 in your local Paper...