Unemployment Falls to Lowest Level Since 2008.

Discussion in 'Current Events' started by Dasein, Dec 22, 2011.

Thread Status:
Not open for further replies.
  1. Dasein

    Dasein New Member

    Joined:
    Mar 26, 2010
    Messages:
    8,944
    Likes Received:
    95
    Trophy Points:
    0
    http://www.bloomberg.com/news/2011-...gly-drop-to-lowest-level-since-april-200.html

    Uh-oh lots of economic good news out today. There will sure to be lots of wailing and gnashing of teeth from our friends on the right! :-D
     
  2. Brewskier

    Brewskier Well-Known Member

    Joined:
    Aug 20, 2011
    Messages:
    48,910
    Likes Received:
    9,641
    Trophy Points:
    113
    Gender:
    Male
    Stop counting enough people, as more and more leave the labor force, and those unemployment figures are going to look great! :roll:
     
  3. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    Yeah so has the American Work Force.........

    American Labor Force Participation Rate since President Obama
    [​IMG]

    [/end thread]
    .
    .
    .
    .
     
  4. xsited1

    xsited1 New Member

    Joined:
    Oct 16, 2011
    Messages:
    1,816
    Likes Received:
    211
    Trophy Points:
    0
    [/end thread] is right. Wow. That's horrible.
     
  5. Dasein

    Dasein New Member

    Joined:
    Mar 26, 2010
    Messages:
    8,944
    Likes Received:
    95
    Trophy Points:
    0
    It is true things are not as good as they could be but it's going to take years to fix what the Republicans did to our economy.

    Good news is it's slowly getting better! :mrgreen:
     
  6. Buzz62

    Buzz62 New Member

    Joined:
    Apr 26, 2011
    Messages:
    2,206
    Likes Received:
    58
    Trophy Points:
    0
    Oh...and the mass retirement of Baby-Boomers has absolutely nothing to do with this huh?

    LOL...
     
  7. TheLastBoyScout

    TheLastBoyScout New Member

    Joined:
    May 11, 2010
    Messages:
    7,830
    Likes Received:
    93
    Trophy Points:
    0
    Why would you attempt to end the thread with such a phony argument?

    I don't think you even understand what the Labor Force Participation Rate is.... It includes anyone over age 16 who is not in the military or in prison, etc. In other words the LFPR includes retired people. Yes, they're unemployed, but they're retired.....and they're retiring in droves right now because the baby boomers began hitting age 65 earlier this year.

    http://www.politicalforum.com/current-events/219830-unemployment-vs-labor-force-statistics-apparent-confusion.html
     
  8. Dasein

    Dasein New Member

    Joined:
    Mar 26, 2010
    Messages:
    8,944
    Likes Received:
    95
    Trophy Points:
    0
    [​IMG]
    .
    .
    .
    .[/end Badmutha]
     
  9. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    ......sure it does....as long as you dont count the additional millions in population growth.

    Im betting you want to count one but not the other........
    .
    .
    .
     
  10. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    [​IMG]
    .
    .
    .
    ....next.
    .
    .
     
  11. MolonLabe2009

    MolonLabe2009 Banned

    Joined:
    Dec 10, 2009
    Messages:
    33,092
    Likes Received:
    15,284
    Trophy Points:
    113
    So, since the Republicans gained control of congress in January, the economy has been improving?

    Go figure.
     
    texmaster and (deleted member) like this.
  12. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    A tip of the hat to Dan....

    .
    .
    ....still think Obama is "creating" jobs?
    .
    .
     
  13. Dasein

    Dasein New Member

    Joined:
    Mar 26, 2010
    Messages:
    8,944
    Likes Received:
    95
    Trophy Points:
    0
    [​IMG]

    . . . next!
     
  14. Brewskier

    Brewskier Well-Known Member

    Joined:
    Aug 20, 2011
    Messages:
    48,910
    Likes Received:
    9,641
    Trophy Points:
    113
    Gender:
    Male
    Wrong. It also includes so called "discouraged workers" who have been unemployed so long that they voluntarily leave the labor force, meaning they stop attempting to look for a job. The unemployment rate only counts those people who do not currently have a job, but are actively looking for one. An elementary economics course would have taught you this.
     
    xsited1 and (deleted member) like this.
  15. TheLastBoyScout

    TheLastBoyScout New Member

    Joined:
    May 11, 2010
    Messages:
    7,830
    Likes Received:
    93
    Trophy Points:
    0
    For illustrating my point....yes..

    I did appreciate that.
     
  16. Dasein

    Dasein New Member

    Joined:
    Mar 26, 2010
    Messages:
    8,944
    Likes Received:
    95
    Trophy Points:
    0
    Dispite them yes.
     
  17. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    And now for a poll that matters.....

    [​IMG]

    ....last conducted on Nov. 2, 2010--The Largest Political Ass Whooping in US History.
    .
    .
    .
     
  18. TheLastBoyScout

    TheLastBoyScout New Member

    Joined:
    May 11, 2010
    Messages:
    7,830
    Likes Received:
    93
    Trophy Points:
    0
    I was citing the LFPR..(the subject of the chart posted by BadMutha)....so you seem to be either creating a strawman or just confused.

    I think you're making a valid point, but it's not a valid counter-argument to what I was saying.
     
  19. The Mello Guy

    The Mello Guy Well-Known Member

    Joined:
    Apr 13, 2010
    Messages:
    109,653
    Likes Received:
    37,410
    Trophy Points:
    113
    im supposed to care about people out of work who arent even looking for jobs?
     
  20. Trinnity

    Trinnity Banned

    Joined:
    Feb 3, 2011
    Messages:
    10,645
    Likes Received:
    1,138
    Trophy Points:
    113
    Oh pfffffffffffft to the OP.
    Forget about selling Obama - we're not buying. How can we? We're broke anyway.


    Peoples' unemployment is running out. The jobs aren't coming back.
    People are just giving up looking. Taking early retirement of getting by on the last of their savings, family help, etc.

    Save the spin....
     
  21. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    Retirement doesnt eliminate a job......if anything.....it should provide a job opening.

    As Dan pointed out.....there are over 1 million fewer jobs in The Divided Socialist States of ObamAmerica since Obama became Tyrant and passed his PORKULUS.
    .
    .
    .
     
  22. Dasein

    Dasein New Member

    Joined:
    Mar 26, 2010
    Messages:
    8,944
    Likes Received:
    95
    Trophy Points:
    0
    No, that happens when a party takes BOTH the House and the Senate. Like the Dems did in 2007


    As for You. .

    [​IMG]
    No Senate for you come back SIX YEARS!!!
     
  23. The Mello Guy

    The Mello Guy Well-Known Member

    Joined:
    Apr 13, 2010
    Messages:
    109,653
    Likes Received:
    37,410
    Trophy Points:
    113
    which would result in unemployment going down...are you explaining things to yourself now?
     
  24. TheLastBoyScout

    TheLastBoyScout New Member

    Joined:
    May 11, 2010
    Messages:
    7,830
    Likes Received:
    93
    Trophy Points:
    0
    Strawman in regard to the LFPR trend line.

    You still don't understand even after it's been illustrated. Be content in your delusion.......
     
  25. Brewskier

    Brewskier Well-Known Member

    Joined:
    Aug 20, 2011
    Messages:
    48,910
    Likes Received:
    9,641
    Trophy Points:
    113
    Gender:
    Male
    I misread your post, but you were still incorrect. You stated that the LFPR "includes anyone over age 16 who is not in the military or in prison, etc.", which is wrong. The Labor force is only made up of people who are actively in the work force, or are trying to be. It doesn't count the 16 year old who doesn't have a job, and has no ambition to try to get a job. It doesn't include those workers who have been unemployed so long that they stop trying.

    The way the unemployment rate is calculated is by taking the amount of unemployed people in the country who are still trying to find work and dividing it by the labor force population, not the general population. When hundreds of thousands of people stop looking for work, it decreases the numerator and the denominator. Since the denominator is usually much larger than the numerator, the net effect is usually a lower overall unemployment rate, which is what we are seeing here.

    Let's say there were 5 million people trying to find a job in a labor force of 25 million people. If 1 million people left, there would be 4 million people trying to find a job in a labor force of 24 million. The unemployment rate would drop from 20% to 16.67%, without a single job being created.
     
Thread Status:
Not open for further replies.

Share This Page