Gallup unemployment continues to fall: New low of 7.3%.

Discussion in 'Current Events' started by Iriemon, Oct 10, 2012.

  1. keymanjim

    keymanjim New Member Past Donor

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    YOU posted it.
     
  2. Iriemon

    Iriemon Well-Known Member Past Donor

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    Fascinating. But the BLS doesn't do that.
     
  3. Iriemon

    Iriemon Well-Known Member Past Donor

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    Astute. And?
     
  4. keymanjim

    keymanjim New Member Past Donor

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    Do you agree with it or did you start this thread under false pretenses?
     
  5. Iriemon

    Iriemon Well-Known Member Past Donor

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    I don't agree with it or disagree with it. I didn't do the survey. It is a true fact that Gallup today reported the unemployment rate went down to 7.3%, which I reported in this thread. Whether you agree or not.
     
  6. Meta777

    Meta777 Moderator Staff Member

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    Even fewer people unemployed? That's great!
    Hopefully the trend continues.
     
  7. Cubed

    Cubed Well-Known Member Past Donor

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    Its not. LFPR includes people who aren't working, but can. The Unemployment rate numbers don't include those people.
     
  8. squidward

    squidward Well-Known Member

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    According to the BLS, “In September, 2.5 million persons were marginally attached to the labor force.” These individuals “wanted and were available for work,” but “they were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.”
    http://www.paulcraigroberts.org/2012/10/05/another-phony-employment-report/

    U-6 remains unchanged while U-3 drops.
    Translation : reclassification of populations within the study group.
     
  9. doombug

    doombug Well-Known Member

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    Wow, the unemployment numbers just happen to drop exactly near election time....LOL! Businesses must be hiring because they see Romney has a chance of being elected. Obama's policies have failed. Too late to cook the numbers.
     
  10. Iriemon

    Iriemon Well-Known Member Past Donor

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    There is no U-3 or U-6 in Gallup's poll.
     
  11. Iriemon

    Iriemon Well-Known Member Past Donor

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    It's because of the great left wing conspiracy that the professionals at the BLS and employees of the private company Gallup are all part of.

    That must be it because Rush says Obama's policies don't work.

    You think? Investors don't seem too happy about it. The Dow is down a couple percent over the past few days.

    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 three years, the private sector has created additional jobs every month for 32 months in a row, stock markets are up 100% from their recession lows, the unemployment rate has fallen from above 10% to 7.8%, and about 4.7 million additional private sector jobs have been added since Jan 2010.

    And this despite and obstructionist Republican Tea Party controlling the House, whose leaders say their top priority is to get him out of office, not to work with the president to improve the economy.

    Only those invested in failure for political purposes could claim Obama's policies have failed.
     
  12. coolguybrad

    coolguybrad New Member

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    Since October 2010, there are no policies to fail. He did nothing.

    Conservatism has been the only play in DC since October 2010. This has resulted in 2.5% unemployment rate drop, a deficit decrease, and continual GDP growth.

    Obama's policies are fine right were they should be...nowhere to be found.
     
  13. Iriemon

    Iriemon Well-Known Member Past Donor

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    Uh, the Republicans didn't take control until Jan 2011.

    But you have no political agenda.
     
  14. coolguybrad

    coolguybrad New Member

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    I'm going off the date the house/senate leaders said their only goal was to defeat Obama. They have done so, and the economy has improved.

    Your non-rebuttal proves it.
     
  15. Iriemon

    Iriemon Well-Known Member Past Donor

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    Just correcting the facts. I agree that economy has improved. It's gone from losing 700,000 jobs a month to 32 straight months of private sector job growth, 4.7 million new additional jobs since Jan 2010. That hoped for second recession you predicted is nowhere to be seen.

    But how does that prove Obama's policies have failed?
     
  16. coolguybrad

    coolguybrad New Member

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    Since October 2010, they haven't been implemented. They havent failed. They've been non-existent. Economically that is...

    Perhaps you were talking about these economic policies?

    Fast and Furious? Libya disaster? NDAA? Huge increase in warrantless wiretapping? 30,000 drones over our heads?

    If you mean those, yes, those policies have performed admirably. :popcorn:
     
  17. Meta777

    Meta777 Moderator Staff Member

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    Wait....so first it was "Obama's policies are destroying America", and now its, "Obama doesn't have any policies and that's why things are getting better." :/
     
  18. tkolter

    tkolter Well-Known Member

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    Actually that includes the entire US economy the Underground or Informal Economy and the Regular Economy.

    And note if the 18 year old mowing laws is making $10 per job he does and it adds up to enough to get by with maybe bartering and goods for his services such as meals or something he is employed just not in the Regular Ecomomy. Some experts point to half the worlds population ,half, work in the Underground Economy so this is not odd in fact some numbers estimate the Underground Ecomomy matches our GDP annually but its hard to be sure.
     
  19. coolguybrad

    coolguybrad New Member

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    That's because most people are sheep. We'll get to see DC's progressive policy starting next year and the next (ACA).
     
  20. keymanjim

    keymanjim New Member Past Donor

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  21. Iriemon

    Iriemon Well-Known Member Past Donor

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    They major policies were passed an implement in February 2009 and implemented through 2009 and 2010, when we had the strongest periods of growth.

    Since the Obstructionists Republicans took House in Jan 2010, growth has continued, but considerably slower.

    Which of course feeds into their top priority.
     
  22. coolguybrad

    coolguybrad New Member

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  23. Iriemon

    Iriemon Well-Known Member Past Donor

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  24. doombug

    doombug Well-Known Member

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    Unemployment is still high. Let me guess, Obama is blaming it on a YouTube video of Bush.
     
  25. Iriemon

    Iriemon Well-Known Member Past Donor

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    No, from what we see here, it is pretty much the conservatives blaming Obama for the Great Recession.
     

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