More economic good news: 173,000 jobs added, unemployment drops to 5.1%

[David_42]

Thanks Obama.

 

[rightwinger]

You think nobody will notice?

STILL...., 94,031,000 Americans not working.

CNS News reported:

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

You think 16 year olds and 80 year olds should be working?
You bastard

The 94m does not include 80 year olds. Why are you pretending to be a moron? And why shouldn't 16year olds have a part time job? They can drive can't they? Did you treat your 16year olds as useless cripples?

Of course it does....
It includes high school and college kids, housewives, the disabled, retirees

How else do you think you get to 94 million?

 

[Meathead]

You'd think after 7 years of great news, the Obama economy wouldn't suck.

 

[edthecynic]

The 94m does not include 80 year olds.

To the Right, 80 year olds are not over 16 years of age.

 

[Faun]

You think nobody will notice?

STILL...., 94,031,000 Americans not working.

CNS News reported:

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

Name the last president who didn't have a record number of people who were not in the labor force......

 

[Faun]

You think nobody will notice?

STILL...., 94,031,000 Americans not working.

CNS News reported:

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

You think 16 year olds and 80 year olds should be working?
You bastard

The 94m does not include 80 year olds.

You're a fucking retard. The only 80 year olds who are not included in that 94 million are ones who are working or actively looking for work. According to your demented rightwingnut brain, 100% of 80 year olds are either working or actively looking for a job.

Not in the labor force (Current Population Survey)

Includes persons aged 16 years and older in the civilian noninstitutional population who are neither employed nor unemployed in accordance with the definitions contained in this glossary. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching.

Unemployed persons (Current Population Survey)

Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.​

 

[Oldstyle]

Analysts were predicting that the jobs report would come out showing about 225,000 jobs were created. I was reading a piece in the weekend edition of USA Today about the Fed's decision whether or not to raise interest rates would probably be decided by whether the actual number was above 225,000 or under it. What the OP doesn't seem to grasp is that 173,000 is a disappointing number not one to relish because it was 50,000 jobs less than had been anticipated.

 

[Faun]

You'd think after 7 years of great news, the Obama economy wouldn't suck.

The Conference Board Consumer Confidence Index®, which had declined in July, rebounded in August. The Index now stands at 101.5 (1985=100), up from 91.0 in July. The Present Situation Index increased from 104.0 last month to 115.1 in August, while the Expectations Index improved to 92.5 from 82.3 in July.

The last time the Consumer Confidence Index was as high as 115.1...?

July, 2001 ... Economic Outlook

 

[edthecynic]

Analysts were predicting that the jobs report would come out showing about 225,000 jobs were created. I was reading a piece in the weekend edition of USA Today about the Fed's decision whether or not to raise interest rates would probably be decided by whether the actual number was above 225,000 or under it. What the OP doesn't seem to grasp is that 173,000 is a disappointing number not one to relish because it was 50,000 jobs less than had been anticipated.

And the August report has a history of underreporting the number of new jobs. ADP's job report shows 190,000 new jobs based on payroll reports.

ADP National Employment Report | August 2015

 

[Faun]

Analysts were predicting that the jobs report would come out showing about 225,000 jobs were created. I was reading a piece in the weekend edition of USA Today about the Fed's decision whether or not to raise interest rates would probably be decided by whether the actual number was above 225,000 or under it. What the OP doesn't seem to grasp is that 173,000 is a disappointing number not one to relish because it was 50,000 jobs less than had been anticipated.

So? That's a preliminary number and August figures are typically revised upwards.

 

[Synthaholic]

The unemployment rate fell from 5.3% to 5.1%, lowest since March 2008.

Thank you, President Obama (praise be unto Him!)

 

[charwin95]

Thank you Mr. President. I have an opening for 6 high paying jobs and will be posted Tuesday 9/8. Economy is moving the RIGHT direction.
THANK YOU MR. PRESIDENT.

 

[Oldstyle]

Analysts were predicting that the jobs report would come out showing about 225,000 jobs were created. I was reading a piece in the weekend edition of USA Today about the Fed's decision whether or not to raise interest rates would probably be decided by whether the actual number was above 225,000 or under it. What the OP doesn't seem to grasp is that 173,000 is a disappointing number not one to relish because it was 50,000 jobs less than had been anticipated.

So? That's a preliminary number and August figures are typically revised upwards.

Would you like to wager that they won't be "revised" upwards to the tune of 50,000 additional jobs?

 

[Oldstyle]

I hate point out the obvious here, Kiddies...but the US economy is grinding along...just as it's been for the past eight years. You can tell it is because if it weren't...then the Fed would be raising interest rates. The Fed won't be doing that however because quite frankly they're scared to death that Wall Street will crater if they do.

 

[pinqy]

A gain of just 173,000 jobs and a 0.2% drop in the unemployment rate are not congruent.

This effect is generally equated with more people dropping out of looking for jobs.

Anyone who follows this stuff knows that.

You are correct, but is it "dropping out" or "leaving?" Those not in the labor force, want a job now went down. Marginally attached went down . Discouraged workers went down. The drop in the labor force was people who don't want or need a job.

We need at LEAST 250,000 jobs for an extended period to achieve escape velocity.
.

Where are you getting that number from?

The drop was because people don't want or need a job and not because of no more extensions?

Are you retarded?

Why would extensions matter? People who want or need work don't stop looking for work when unemployment insurance runs out.

 

[RKMBrown]

You think nobody will notice?

STILL...., 94,031,000 Americans not working.

CNS News reported:

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

You think 16 year olds and 80 year olds should be working?
You bastard

The 94m does not include 80 year olds.

You're a fucking retard. The only 80 year olds who are not included in that 94 million are ones who are working or actively looking for work. According to your demented rightwingnut brain, 100% of 80 year olds are either working or actively looking for a job.

Not in the labor force (Current Population Survey)

Includes persons aged 16 years and older in the civilian noninstitutional population who are neither employed nor unemployed in accordance with the definitions contained in this glossary. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching.

Unemployed persons (Current Population Survey)

Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.​

That's not true. They stop counting you in the labor force participation rate when you turn 64. It's 16-64. The key to understanding why... is Working Age non-institutionalized Population. Working age ends right now at 64. OR... I'm wrong. Perhaps my understanding has been .. incorrect.

 

[pinqy]

You think nobody will notice?

STILL...., 94,031,000 Americans not working.

CNS News reported:

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

You think 16 year olds and 80 year olds should be working?
You bastard

The 94m does not include 80 year olds.

You're a fucking retard. The only 80 year olds who are not included in that 94 million are ones who are working or actively looking for work. According to your demented rightwingnut brain, 100% of 80 year olds are either working or actively looking for a job.

Not in the labor force (Current Population Survey)

Includes persons aged 16 years and older in the civilian noninstitutional population who are neither employed nor unemployed in accordance with the definitions contained in this glossary. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching.

Unemployed persons (Current Population Survey)

Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.​

That's not true. They stop counting you in the labor force participation rate when you turn 64. It's 16-64.

You are incorrect, there is no upper limit Table A-13. Employment status of the civilian noninstitutional population by age, sex, and race

 

[skookerasbil]

yuk.....yuk...........

http://www.zerohedge.com/news/2015-09-06/great-unwind-has-arrived

 

[Faun]

You think nobody will notice?

STILL...., 94,031,000 Americans not working.

CNS News reported:

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

You think 16 year olds and 80 year olds should be working?
You bastard

The 94m does not include 80 year olds.

You're a fucking retard. The only 80 year olds who are not included in that 94 million are ones who are working or actively looking for work. According to your demented rightwingnut brain, 100% of 80 year olds are either working or actively looking for a job.

Not in the labor force (Current Population Survey)

Includes persons aged 16 years and older in the civilian noninstitutional population who are neither employed nor unemployed in accordance with the definitions contained in this glossary. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching.

Unemployed persons (Current Population Survey)

Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.​

That's not true. They stop counting you in the labor force participation rate when you turn 64. It's 16-64.

You're a fucking retard.

 

[skookerasbil]

Keynesian economics is in its twilight days and soon to become a relic of a former era.


http://www.zerohedge.com/news/2015-...th-contra-keynesian-view-what-really-happened

This is a jaw dropping article. If you don't read anything else for the rest of the year, read this. Of course, found on ZH......written in 1979. Whats fascinating is, I had never been exposed to this theory in college while studying economics or any of the books I read in the 1980s written by the talking heads I had so respected. Only the partial story was told....always......about how we got into the Great Depression and it was always about protectionism and tarrifs.....and then the big rescue: big government saved us.....FDR always championed as a hero. Keynesian economics accepted by students of economics as a rational economic policy for decades after......

I had always wondered about the dynamic of inflation........then I read this article. These fuckers rigged prices back in the early 1900's and into the 1920's and it was a fucking coordinated strategy BETWEEN NATIONS and engineered by the Fed. The market has been purposefully rigged for the past 100 years my friends.......this article, a long read.............makes so much sense its dizzying. I am going to go back and read it again and I suggest you guys both do the same. Deflationary policies are the only sane thing to do and for 100 years now, these fuckers just double down to KEEP THE PRICES HIGH EVERYWHERE!!! There is no free market my friends ( like the phony leaders have been telling us all our lives )......its all fucking rigged. For the first time in my life, Im even questioning this whole concept of supply and demand. Its been shoved down my throat for 40 years. Ever scratch your head when you go in to a store and a package of Gillette razors is 13 bucks? The Bics are 9 bucks but they suck and rip your face off. There is no competition for Gillette.....you gotta pay the 13 bucks. Pricing is rigged............in every industry. Trade wars? A load of BS.......these fuckers are coordinating monetary policy with other countries all the damn time. And this printing money crap by the FED has been going on for a long, long time.........even these terms like QE are bogus. LMAO.....there is no other model of economics EXCEPT THE KEYNESIAN MODEL!!!!!!!!!!!!!!!!!!!!!!!! It ensures pie in the sky profits for the 1%..........

As Ive been saying for a long time.....idiots like Rightwinger are matrix bubble dwellers still immersed in all the partisan bs.......