Unemployment drops to 7.8%...want to buy a bridge?

[Randy4Candy]

You sellin' the Reverend Al's bridge, too?

[markroxny]

Originally Posted by Randy4Candy

You sellin' the Reverend Al's bridge, too?

http://www.youtube.com/watch?v=a9-YNCrsvL4

[CJ7]

Reagan ran 10%+ unemployment numbers for 10 consecutive months prior to being elected to his second term ...

and that didnt stop the mouth breathing republicans from voting for him

all of a sudden 8% is the end of the fucking world?


yeah well .......................

[nevergaveitathought]

i read that if the labor participation rate was the same now as it was at the beginning of the year our unemployment rate would be 8.4%

when people give up looking they lop them off the denominator

they either lopped too many off this go around for politcal purposes or they held on to a lot of them to save for now for political purposes

its not from old people retiring, there are more young people coming up and immigrating than old people retiring

for such a rapid decline in real unemployment, economy growth would have had to have been 4.5% or so

[nevergaveitathought]

Originally Posted by timpage

.. this number is going to lead some newscasts this evening unless we start bombing Iran this afternoon.

i believe this..the democrats with press credentials, aka the main stream newsmedia, will without any reservation nor analysis

[timpage]

Originally Posted by nevergaveitathought

i believe this..the democrats with press credentials, aka the main stream newsmedia, will without any reservation nor analysis

Yes, of course. This argument is a variation on the "Those numbers are wrong" theme utilized by the republicans whenever poll numbers, or unemployment numbers, etc. don't line up with their ideological needs. It's the media's fault.

When faced with the fact that the United States Department of Labor has reported that September unemployment is down below 8%, any news organization that reports that fact is biased because....well....because.... because....uhhh....because you don't like a number that might be favorable for President Obama here a month before the election.

You guys have been trumpeting the unemployment stats put out by that very same Dep't of Labor for years now so long as they were numbers you liked....now, that you don't like the numbers, suddenly they're wrong. Bullshit.

[acp5762]

Originally Posted by joe bloe

After 43 months above 8%, the month before the election, we finally drop below 8%. Obama is either very lucky or very crooked. I think it's the latter.

It's not a significant drop anyway. it's like having gas prices dropping three cents per gallon, then rising five cents per gallon a few months later. One step foreward two steps back. There hasn't been any positive long term impact from this administration and there won't be. Obama is like a handy man that is a big bafoon. he'll take something apart in an attempt to fix it and parts are left over.

[nevergaveitathought]

Originally Posted by timpage

Yes, of course. This argument is a variation on the "Those numbers are wrong" theme utilized by the republicans whenever poll numbers, or unemployment numbers, etc. don't line up with their ideological needs. It's the media's fault.

When faced with the fact that the United States Department of Labor has reported that September unemployment is down below 8%, any news organization that reports that fact is biased because....well....because.... because....uhhh....because you don't like a number that might be favorable for President Obama here a month before the election.

You guys have been trumpeting the unemployment stats put out by that very same Dep't of Labor for years now so long as they were numbers you liked....now, that you don't like the numbers, suddenly they're wrong. Bullshit.

i just said why in the post immediately above the one you copied...

you seem to be in the zone over this floating piece of straw. ...grasp at it. . when you are in deep water and panicky its about all thats left

[i'va biggen]

Originally Posted by nevergaveitathought

i believe this..the democrats with press credentials, aka the main stream newsmedia, will without any reservation nor analysis

Was just curious where you got your news...

[timpage]

Originally Posted by nevergaveitathought

i just said why in the post immediately above the one you copied...

you seem to be in the zone over this floating piece of straw. ...grasp at it. . when you are in deep water and panicky its about all thats left

I read your post and don't care why you think the numbers are wrong....the number that was reported by the United States Department of Labor is the number we're talking about that is going to be reported.....you don't expect to be quoted on CNN, do you?

As for grasping at straws, you guys are the definition of it....Romney wins a debate and suddenly the election is over. I realize it's the first good thing that has happened to your guy in months.....but, seriously....elections are seldom won or lost based on a single debate performance. Calm down and take a deep breath. Your boy will fuck up again shortly and you can return to your normal political expectation level: defeat is inevitable.

[markroxny]

[Texas Contrarian]

The only important number is the 114K NFP print. The rest is just noise, subject to revision, volatility, changes in labor participation rates, and shifts over time arising from the way the household survey is conducted. Note that U-6 remained at 14.7%, exactly where it was before. But the 7-handle "headline" unemployment rate sure sounds good to simpletons, though!

Slice and dice it any way you want, but this is clearly a very weak recovery whether you consider job creation or period-over-period real GDP growth.

During the economic expansions of the 1980s and 1990s, the numbers over a sustained period of time were incomparably better than they are now.

If you continue pummeling an economy with wave after wave of bad economic policy decisions over a ten year period, this sort of result is what you get. The surprise to me is that anyone is actually surprised by the weakness of our economic "recovery."

[TexTushHog]

He was born in Kenya. Voter fraud. People only voted for him because he was black. Polls are being conducted wrong. It's all a conspiracy at the BLS. Blah, blah, blah. . . .

Its' never that the dogs just don't like the dog food, is it? It just never occurs to you morons that people hate what your party stands for. Obama is a weak centrist Democrat who has pissed off most of his own party, pass a Republican health care bill that puts billions in the pocket of the very industry that creates most of our health care financing problems, and passed a very weak and too small stimulus bill has has kept the economy crippled and you STILL can't beat him. What a bunch of fuck ups and whiners.

[JD Barleycorn]

If this is all about retirees then what happened in May? The retirees affect should have been pretty equal over a period of time but the sudden surge of college and high school graduates would have show significant changes. According to the BLS unemployment in April was 8.1%, in May (which should go up significantly) it was 8.2%, in June (should still be going up) it was 8.2%. Only a .1 % increase with hundreds of thousands of graduates hitting the streets. That doesn't make any sense mathematically.

As for the Texas Tushie; the have been several pieces written over the last three years about the unemployment rates. So this is not, as you would like to claim, an attack on the latest rate. Put the Kool Aid down.

[nevergaveitathought]

Originally Posted by TexTushHog

He was born in Kenya. Voter fraud. People only voted for him because he was black. Polls are being conducted wrong. It's all a conspiracy at the BLS. Blah, blah, blah. . . .

Its' never that the dogs just don't like the dog food, is it? It just never occurs to you morons that people hate what your party stands for. Obama is a weak centrist Democrat who has pissed off most of his own party, pass a Republican health care bill that puts billions in the pocket of the very industry that creates most of our health care financing problems, and passed a very weak and too small stimulus bill has has kept the economy crippled and you STILL can't beat him. What a bunch of fuck ups and whiners.

we dont like lawyers either