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Wow! 243,000 New Jobs Created in January | The Economic Populist
First, ever since the credit crisis of 2008, there has been a trend in the unemployment report that shows a declining participation rate in the job market. While a whopping number of jobs were created in January, a far larger number of people left the labor force - 1,752,000 in fact. The percent of the total working population who did not have jobs rose to 36.7%, an all time high. Its no wonder the unemployment rate fell, when the denominator shrinks so markedly. The total number of people employed fell by 737,000. So what do you want to celebrate the 243,000 who got jobs, or the million or so people who dropped by the wayside and are no longer counted in the data?
It makes you wonder how much faith you can put in the Labor Department reports. For example, the government, the business press, and Wall Street rarely report on the fundamental ways in which the US labor market is changing, with so many people dropping out of the work force. The press has had a hard enough time getting to grips with the Labor Departments Birth/Death model, which over time adds to the number of people reported as employed. The model is supposed to compensate for the inability of the government to get good information on the number of new businesses created every month and which presumably add to employment. The problem is the model has been shown in the past to have significantly overestimated the number of jobs created by new businesses. Economists still dont know if the model is appropriate, and how much of the 243,000 jobs created this month are the result of the Birth/Death model.
The other odd thing about the January report is that it does not coincide with most other evidence about the US labor market. There have been tens of thousands of high paying jobs lost in recent months on Wall Street. American Airlines just announced it is cutting 14,000 employees this year. Challenger, Gray and Christmas, an executive outplacement firm that does job surveys, reported that this January job layoffs increased by 28%. The Gallup survey on business employment indicated a rise in unemployment at the start of this year.
Wow. But Is the Number Real? - NYTimes.com
The Labor Department estimated on Friday that the economy gained 243,000 jobs.
The department also estimated that the economy lost 2,689,000 jobs in the month.
Proving once again that there are lies, damned lies and statistics....
[The employment numbers are 'up' only by estimation since the total employment pool has been reduced by millions of jobs and is now at one of its historically lowest participation levels in decades. GDP is up because deficit government spending is up, mostly.
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You're an idiot. The employment number is a not a percentage. If 243,000 jobs were added in January, that's how many were added, period.
There are 23.2 Million people that are unemployed.
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Whose number is that?
True, Two thumbs, he got you on that.
There are 88 million unemployed that would prefer to be employed, but 7 million have been added to a pre-exiting 81 million under Obama.
You're an idiot.
U-6 is at 15.1. It hasn't been at 15.1 since February 2009. That makes it a 36 month low. Do you want to argue it's a 35 month low? If you had a brain you might have tried that.
Look at the graph does the line drop at the 2009 level?
What did I say above that was inaccurate specifically?
[The employment numbers are 'up' only by estimation since the total employment pool has been reduced by millions of jobs and is now at one of its historically lowest participation levels in decades. GDP is up because deficit government spending is up, mostly.
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You're an idiot. The employment number is a not a percentage. If 243,000 jobs were added in January, that's how many were added, period.
Lol, dumbass, I was NEVER arguing that it WAS a percentage.
The unemployment count is calculated by looking at an estimation of how many hirings there were and subtracting from that the estimated number of job losses. The difference is the job gain/loss report. What the Democrats did was to take one and a quarter million job seekers out of the count by deciding out of the blue that these people are no longer legitimately in the work force pool.
If you put even half the number of unemployed back into the work force pool that the Democrats dropped, last month was about another 400,000 job loss month as Obama has been running for the last couple of years or so.
Just like Democrat: if the numbers dont favor you then just twist them till they do.
Look at the graph does the line drop at the 2009 level?
What did I say above that was inaccurate specifically?
In the graph does the line drop too the 2009 level?
That number is U-6, and as I said about 12 times in this thread,
U-6 is at a 36 month LOW.
Here's that graph againWhat did I say above that was inaccurate specifically?
In the graph does the line drop too the 2009 level?
Yes. To February 2009. This is FEBRUARY. January 2009 is 37 months ago.
Now again, tell what I said that was inaccurate. Or STFU
What did I say above that was inaccurate specifically?
In the graph does the line drop too the 2009 level?
Yes. To February 2009. This is FEBRUARY. January 2009 is 37 months ago.
Now again, tell what I said that was inaccurate. Or STFU
Here's that graph againIn the graph does the line drop too the 2009 level?
Yes. To February 2009. This is FEBRUARY. January 2009 is 37 months ago.
Now again, tell what I said that was inaccurate. Or STFU
You can lie too yourself all you want. But the graph shows that the line never dropped to the 2009 level.
Here's that graph againYes. To February 2009. This is FEBRUARY. January 2009 is 37 months ago.
Now again, tell what I said that was inaccurate. Or STFU
You can lie too yourself all you want. But the graph shows that the line never dropped to the 2009 level.
The libtard is cherry picking his reference point, trying to make the comparison to late 2009 and not the open of 2009 like you are.
This economy has made some small proggress but it is so anemic I wouldnt brag about it being the result of three years of effort.
Obama has really dropped the ball, but fortunately for him Romney is there to save this election for him.
Here's that graph againIn the graph does the line drop too the 2009 level?
Yes. To February 2009. This is FEBRUARY. January 2009 is 37 months ago.
Now again, tell what I said that was inaccurate. Or STFU
You can lie too yourself all you want. But the graph shows that the line never dropped to the 2009 level.
Nowhat he said was the U-6 WAS AT A 36 MONTH LOW.Here's that graph againYes. To February 2009. This is FEBRUARY. January 2009 is 37 months ago.
Now again, tell what I said that was inaccurate. Or STFU
You can lie too yourself all you want. But the graph shows that the line never dropped to the 2009 level.
He said, specifically, that it is at the lowest level it has been at since Feb 2009.
That does not imply that it is at the same level as in Feb 2009, just that it has not been at a lower level since Feb 2009.
Here's that graph againYes. To February 2009. This is FEBRUARY. January 2009 is 37 months ago.
Now again, tell what I said that was inaccurate. Or STFU
You can lie too yourself all you want. But the graph shows that the line never dropped to the 2009 level.
He said, specifically, that it is at the lowest level it has been at since Feb 2009.
That does not imply that it is at the same level as in Feb 2009, just that it has not been at a lower level since Feb 2009.
The numbers are good news for all Americans. They need to continue at 250 to 300K to replace the jobs lost.
LOOK AT THE GRAPH STUPID.Here's that graph again
You can lie too yourself all you want. But the graph shows that the line never dropped to the 2009 level.
He said, specifically, that it is at the lowest level it has been at since Feb 2009.
That does not imply that it is at the same level as in Feb 2009, just that it has not been at a lower level since Feb 2009.
Portal Seven | U6 Unemployment Rate
The numbers are listed below the graph.
Just count back from Jan 2012 and see how many months you have to go before you hit 15.1 again.
Here's that graph again
You can lie too yourself all you want. But the graph shows that the line never dropped to the 2009 level.
The libtard is cherry picking his reference point, trying to make the comparison to late 2009 and not the open of 2009 like you are.
This economy has made some small proggress but it is so anemic I wouldnt brag about it being the result of three years of effort.
Obama has really dropped the ball, but fortunately for him Romney is there to save this election for him.
I know he's stupid trying to compare February 2009 with February 2012 It's February the 5th last time I checked there are more than 5 days in a month.
February 5th 2012 the line never goes too February 5th 2009 level.
The black community is pissed at Obama because they say it took him 3 years to address unemployment. Before that it was only health care and every other bleeding-heart program he could come up with to make himself look like he gives a darn about the poor.
If you ask the poor they aren't seeing any improvement at all. As a matter of fact many of them have had their benefits cut in the last few months. Nobody got health care during the last 3 years even though the Affordable Health Care Act was passed years ago.
