Another Good Month On The Jobs Front...unemployment Drops To 5.9%

[boedicca]

All time record, 93 million out of work. If 350 millions were out of work, we would have 0 unemployment. See how that works? Of course you don't but you still cheer incompetence.

You do realize that post has nothing to do with reality don't you?

It also shows your math skills to be lacking

Just like the 5.9% unemployment rate!

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

 

[rightwinger]

You do realize that post has nothing to do with reality don't you?

It also shows your math skills to be lacking

Just like the 5.9% unemployment rate!

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

What was it five years ago?

Then we can look for change

 

[edthecynic]

Economy gains 248 000 jobs as hiring rebounds

The labor market rebounded sharply in September as employers added 248,000 jobs, the second largest gain for any month this year.
The unemployment rate fell to 5.9% from 6.1%, lowest since July 2008, the Labor Department said Friday.

All time record, 93 million out of work. If 350 millions were out of work, we would have 0 unemployment. See how that works? Of course you don't but you still cheer incompetence.

You do realize that post has nothing to do with reality don't you?

It also shows your math skills to be lacking

Just like the 5.9% unemployment rate!

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

But not bogus for Bush or Reagan, only Obama. In fact FOX calls U-3 the "REAL" for Bush and the U-6 rate "REAL" for Obama. 7.8% was Bush's U-3 rate, his U-6 was 14.2%

 

[edthecynic]

You do realize that post has nothing to do with reality don't you?

It also shows your math skills to be lacking

Just like the 5.9% unemployment rate!

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

Actually the U-6 rate is 11.8%

 

[Mac1958]

The economy looks like its foundation is in place and we're gonna be okay, assuming there are no unforeseen shocks.

This, in spite of an administration and Democrat party that are obviously contemptuous of, and naive about, business and a Republican party that is so stuck on its simplistic anti-regulation dogma that it's allowing significant holes to remain in the system, and a Republican party that is allowing its goofier, absolutist elements to get far too much attention.

So, all in all, American business is showing some real BALLS right now, and it's doing so despite a mountain of counter-productive partisan bullshit coming from both embarrassing parties.

 

[boedicca]

Just like the 5.9% unemployment rate!

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

What was it five years ago?

Then we can look for change

5 years ago it was 20%. Obama has only made things worse. And then there's the continuing decline in median net worth...

 

[edthecynic]

Just like the 5.9% unemployment rate!

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

What was it five years ago?

Then we can look for change

Using her same exaggeration, it was 28.4% 5 years ago.

 

[boedicca]

Just like the 5.9% unemployment rate!

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

Actually the U-6 rate is 11.8%

I didn't say U-6, I said real under and unemployment.

 

[boedicca]

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

What was it five years ago?

Then we can look for change

Using her same exaggeration, it was 28.4% 5 years ago.

Poor ignorant ed. Here is a consistent calculation.

Alternate Unemployment Charts

 

[KissMy]

Who is getting the jobs? Old people!

View attachment 32533

Your chart is bullshit. It is not showing percent of each age group employed. It is showing which age group is getting larger & smaller, thus their groups cumulative employment. Repubtards can never be honest. Scumbags, everyone of them.

 

[edthecynic]

It s calculated the same way it has been for a generation

Conservatives had no problem with it when they were screaming about Obamas 10.2 percent unemployment. Now that it is down to 5.9 they claim it is irrelevant

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

Actually the U-6 rate is 11.8%

I didn't say U-6, I said real under and unemployment.

Which is the U-6 rate.

 

[boedicca]

Who is getting the jobs? Old people!

View attachment 32533

Your chart is bullshit. It is not showing percent of each age group employed. It is showing which group is getting larger & smaller. Repubtards can never be honest. Scumbags, everyone of them.

It must suck to be such an economic illiterate who is unable to find information on the interwebs.

The BLS reports labor force participation by age cohort. I've already posted it twice, but here you go again.

Civilian labor force participation rates by age sex race and ethnicity

 

[boedicca]

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

Actually the U-6 rate is 11.8%

I didn't say U-6, I said real under and unemployment.

Which is the U-6 rate.

Incorrect. U-6 does not include the long term discouraged workers who have given up looking for work. They are no longer included in the labor force totals.

 

[edthecynic]

Actually, bub, many of us pointed out that U3 UE is a bogus stat. U6 is far more revealing, and Shadowstats provides a more thorough picture of under and unemployment.

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

What was it five years ago?

Then we can look for change

Using her same exaggeration, it was 28.4% 5 years ago.

Poor ignorant ed. Here is a consistent calculation.

Alternate Unemployment Charts

You doubled the actual under and unemployment rate which is the U-6 rate, so I doubled Bush's U-6 rate which comes to 28.4% not 20%

Shadowstats are pure bullshit stats.

 

[edthecynic]

In someways yes, in other ways it is less relevant
What is funny is conservative insistence on suddenly switching horses in reporting unemployment
Are you now denting that that U6 is also way down?

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

Actually the U-6 rate is 11.8%

I didn't say U-6, I said real under and unemployment.

Which is the U-6 rate.

Incorrect. U-6 does not include the long term discouraged workers who have given up looking for work. They are no longer included in the labor force totals.

Yes it does include discouraged workers, and you know that.

From the BLS:

U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.

[TBODY] [/TBODY]
[TFOOT] [/TFOOT]

 

[boedicca]

Denting? Chew on this:

Real under and unemployment is 23%.

How hopeychangey!

Actually the U-6 rate is 11.8%

I didn't say U-6, I said real under and unemployment.

Which is the U-6 rate.

Incorrect. U-6 does not include the long term discouraged workers who have given up looking for work. They are no longer included in the labor force totals.

Yes it does include discouraged workers, and you know that.

From the BLS:

U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.

[TBODY] [/TBODY]
[TFOOT] [/TFOOT]

That does not include long term discouraged workers who have given up. They are not part of the labor force.

 

[KissMy]

Who is getting the jobs? Old people!

View attachment 32533

Your chart is bullshit. It is not showing percent of each age group employed. It is showing which group is getting larger & smaller. Repubtards can never be honest. Scumbags, everyone of them.

It must suck to be such an economic illiterate who is unable to find information on the interwebs.

The BLS reports labor force participation by age cohort. I've already posted it twice, but here you go again.

Civilian labor force participation rates by age sex race and ethnicity

The slack are the age 15 to 24 college students studying harder to get a job. Unlike your bullshit chart the age 25 to 54 are 77% employed with an 82% participation rate & pulling the workload as they should.

 

[boedicca]

Who is getting the jobs? Old people!

View attachment 32533

Your chart is bullshit. It is not showing percent of each age group employed. It is showing which group is getting larger & smaller. Repubtards can never be honest. Scumbags, everyone of them.

It must suck to be such an economic illiterate who is unable to find information on the interwebs.

The BLS reports labor force participation by age cohort. I've already posted it twice, but here you go again.

Civilian labor force participation rates by age sex race and ethnicity

The slack are the age 15 to 24 college students studying harder to get a job. Unlike your fake chart the age 25 to 54 are 77% employed with an 82% participation rate & pulling the workload as they should.

You can't even read the chart that you posted. Look at the sustained lower level in the blue line.

 

[KissMy]

Who is getting the jobs? Old people!

View attachment 32533

Your chart is bullshit. It is not showing percent of each age group employed. It is showing which group is getting larger & smaller. Repubtards can never be honest. Scumbags, everyone of them.

It must suck to be such an economic illiterate who is unable to find information on the interwebs.

The BLS reports labor force participation by age cohort. I've already posted it twice, but here you go again.

Civilian labor force participation rates by age sex race and ethnicity

The slack are the age 15 to 24 college students studying harder to get a job. Unlike your fake chart the age 25 to 54 are 77% employed with an 82% participation rate & pulling the workload as they should.

You can't even read the chart that you posted. Look at the sustained lower level in the blue line.

The 25 - 54 group is aging heavily on the old side where they go from 80% employed to 60% employed. Due to the social security cuts & increased health of old people their percent of employment is stable but the shear volume dropping from 80% group to 60% group to 40% group for age 65 & over are pushing down the population participation rate.

 

[asterism]

Sad that the Right thinks they can only win elections if the US fails. It's a farce that they claim to be patriotic

That's certainly not exclusive to the Republicans. The Democrats were talking down the economy in 2004 and 2006, claiming the war in Iraq was already lost (despite having achieved all military objectives at that time), and having countdown parties awaiting the 3000th US troop death in Iraq.