Author Topic: Unemployment down to 4.7%!!!!  (Read 3847 times)

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Online CC27

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Unemployment down to 4.7%!!!!
« on: June 03, 2016, 09:42:30 AM »
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philosslayer (2,351 posts)

Unemployment down to 4.7%!!!!


Another great number coming in for May. Well done Mr. President!!

You're a ****ing idiot. 94 million people are out of work. Can you say the books are cooked?

http://www.democraticunderground.com/10027877202


Offline docstew

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Re: Unemployment down to 4.7%!!!!
« Reply #1 on: June 03, 2016, 09:59:30 AM »
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philosslayer (2,351 posts)

Unemployment down to 4.7%!!!!
Yay! Another 450,000 Americans accepted their lot as permanent Democrat voters by quitting their job search in this 0conomy!

Another great number coming in for May. Well done Mr. President!!


FIFY

Offline Carl

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Re: Unemployment down to 4.7%!!!!
« Reply #2 on: June 03, 2016, 10:03:06 AM »
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Response to philosslayer (Original post)

Fri Jun 3, 2016, 08:40 AM

Press Virginia (1,634 posts)
2. 38000 jobs is not a great number.

WF participation went down by 560k

Prior Mos revised downward by 60k

Which instantly is attacked as a smear.

Offline jukin

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Re: Unemployment down to 4.7%!!!!
« Reply #3 on: June 03, 2016, 12:45:43 PM »
With 38,000 new jobs added and only 25,000 real private sector jobs added the UE percentage goes down because they treat the 460,000 people that have given up, is the same as Obama's economic genius creating 500,000 jobs. You know like the idiot Bush did for many months.

New common core economics.
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Offline Gina

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Re: Unemployment down to 4.7%!!!!
« Reply #4 on: June 03, 2016, 12:55:58 PM »
I read this morning it's more like 8.5%






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Offline docstew

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Re: Unemployment down to 4.7%!!!!
« Reply #5 on: June 03, 2016, 01:08:44 PM »
I read this morning it's more like 8.5%

Probably if you set labor force participation levels at 20 Jan 2009 levels with no population increase. I'm fairly confident the true number is double digits.

Offline USA4ME

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Re: Unemployment down to 4.7%!!!!
« Reply #6 on: June 03, 2016, 01:13:43 PM »
Quote from:
Unemployment down to 4.7%!!!!

Show me someone who's making that claim and I'll show you a liar.

Show me someone who believes that claim and I'll show you someone who believes lies.

.
« Last Edit: June 03, 2016, 11:10:35 PM by USA4ME »
Because third world peasant labor is a good thing.

Offline jukin

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Re: Unemployment down to 4.7%!!!!
« Reply #7 on: June 03, 2016, 01:55:54 PM »
I read this morning it's more like 8.5%

More like 10.5-11%.

Also the new Obama regime generated GDP used since end of 2010, show 1.5%ish growth but we never left recession.
When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline Gina

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Re: Unemployment down to 4.7%!!!!
« Reply #8 on: June 03, 2016, 01:58:04 PM »






"An army of deer led by a lion is more to be feared than an army of lions led by a deer." Phillip of Macedonia, father to Alexander.

Offline Texacon

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Re: Unemployment down to 4.7%!!!!
« Reply #9 on: June 03, 2016, 03:59:44 PM »
Shhhh!  Y'all can't be saying that stuff!  He's black, remember.

KC


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Re: Unemployment down to 4.7%!!!!
« Reply #10 on: June 03, 2016, 04:38:41 PM »


I've tried the web address at the bottom, it doesn't exist.  USDJOB.GOV?  Department of Workforce?
Might be bogus, even though the figures are correct.
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Offline I_B_Perky

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Re: Unemployment down to 4.7%!!!!
« Reply #11 on: June 03, 2016, 04:59:18 PM »
I've tried the web address at the bottom, it doesn't exist.  USDJOB.GOV?  Department of Workforce?
Might be bogus, even though the figures are correct.

I'd like to see the baseline from 2007 instead of 2008.  Now that year this country damn near had full employment.  Bush was just unfortunate to have been president when the bottom dropped out.
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Offline Delmar

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Re: Unemployment down to 4.7%!!!!
« Reply #12 on: June 03, 2016, 07:41:54 PM »
Heck of a job, Barry!

Quote
Jobs Growth Slows Dramatically In May

June 3, 20165:15 PM ET
Heard on All Things Considered
 John Ydstie 2010
JOHN YDSTIE
The Labor Department says in May, employers added just 38,000 workers to payrolls. Economists surveyed by The Wall Street Journal had forecast the report would show 158,000 new jobs. The unemployment rate fell to 4.7 percent, but only because so many people dropped out of the workforce. Forecasters had expected the unemployment rate to hold steady at 5 percent.
http://www.npr.org/2016/06/03/480657573/jobs-growth-slows-dramatically-in-may

Some right wing rethuglican teahadist site.
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Offline 98ZJUSMC

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Re: Unemployment down to 4.7%!!!!
« Reply #13 on: June 03, 2016, 07:53:29 PM »
Probably if you set labor force participation levels at 20 Jan 2009 levels with no population increase. I'm fairly confident the true number is double digits.

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Offline Ralph Wiggum

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Re: Unemployment down to 4.7%!!!!
« Reply #14 on: June 03, 2016, 08:01:08 PM »
Heck of a job, Barry!
http://www.npr.org/2016/06/03/480657573/jobs-growth-slows-dramatically-in-may

Some right wing rethuglican teahadist site.
According to your garden variety DUmmy, NPR is extremely right wing.
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Offline SVPete

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Re: Unemployment down to 4.7%!!!!
« Reply #15 on: June 04, 2016, 10:22:35 AM »
With 38,000 new jobs added and only 25,000 real private sector jobs added the UE percentage goes down because they treat the 460,000 people that have given up, is the same as Obama's economic genius creating 500,000 jobs. You know like the idiot Bush did for many months.

New common core economics.

38K new jobs is lost ground. The new jobs number I've heard for just keeping pace with young people coming into (or who should be coming into) the job market is on the order of 200K-300K! IOW, 38K is less than 1/5 the number needed just to "mark time".
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Offline Karin

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Re: Unemployment down to 4.7%!!!!
« Reply #16 on: June 04, 2016, 11:38:00 AM »
Philoslayer...my most hated DUmmie.  Here he is again:

Quote


Response to KPN (Reply #43)

Fri Jun 3, 2016, 01:32 PM

philosslayer (2,360 posts)

54. Still better than when Bush was in charge
 
MUCH better. My purpose is to demonstrate that President Obama has been a VAST improvement over the previous President. What is yours?

Some over there are spinning that the low participation rate is due to all the retirees, picturing happy old folks sipping cocktails on vacation beaches.  The average 401K these days is about $24K.  Nobody can retire anymore. 

38,000 is disgraceful.  This should have been a time of ramping up for the summer season.

Offline docstew

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Re: Unemployment down to 4.7%!!!!
« Reply #17 on: June 04, 2016, 11:45:07 AM »
Philoslayer...my most hated DUmmie.  Here he is again:

Some over there are spinning that the low participation rate is due to all the retirees, picturing happy old folks sipping cocktails on vacation beaches.  The average 401K these days is about $24K.  Nobody can retire anymore. 

38,000 is disgraceful. This should have been a time of ramping up for the summer season.

So, to play one of the regime's favorite games, including "seasonally adjusted" jobs probably was a net loss.

Offline SVPete

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Re: Unemployment down to 4.7%!!!!
« Reply #18 on: June 04, 2016, 12:34:37 PM »
Philoslayer...my most hated DUmmie.  Here he is again:

Some over there are spinning that the low participation rate is due to all the retirees, picturing happy old folks sipping cocktails on vacation beaches.  The average 401K these days is about $24K.  Nobody can retire anymore. 

38,000 is disgraceful.  This should have been a time of ramping up for the summer season.

Well, obviously early Baby-Boomers have entered their retirement years, and some have. But attributing the plunge in labor market participation to retiring Boomers is like a squid squirting ink, a diversion to obscure reality.
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Offline 67 Rover

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Re: Unemployment down to 4.7%!!!!
« Reply #19 on: June 05, 2016, 09:33:03 AM »
38K new jobs is lost ground. The new jobs number I've heard for just keeping pace with young people coming into (or who should be coming into) the job market is on the order of 200K-300K! IOW, 38K is less than 1/5 the number needed just to "mark time".

Low new job number was due to bad weather or something, stop being such a Debbie downer.  :tongue:
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Offline SVPete

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Re: Unemployment down to 4.7%!!!!
« Reply #20 on: June 05, 2016, 09:50:03 AM »
Low new job number was due to bad weather or something, stop being such a Debbie downer.  :tongue:

Has it been blamed, yet, on Obama-hating business people and Trump supporters? Or am I ahead of Prog Trump-loathers in anticipating such "reasoning"?
« Last Edit: June 05, 2016, 09:56:09 AM by SVPete »
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Offline RobJohnson

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Re: Unemployment down to 4.7%!!!!
« Reply #21 on: June 05, 2016, 09:52:35 AM »
Shhhh!  Y'all can't be saying that stuff!  He's black, remember.

KC


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