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Offline BEG

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8.2%
« on: October 04, 2012, 09:01:25 PM »
LINK

Quote
Economists expect employers added 113,000 jobs in September, while the unemployment rate edged up to 8.2 percent from August's 8.1 percent, according to a Reuters survey. Friday’s report will be the second-to-last before the November election.

“Because of [this jobs report’s] juxtaposition to election, there will be significant political ramifications, perhaps more so than for the market,” said Art Hogan, managing director at Lazard Capital Markets. "Politically, anything that pushes the cause of the Romney camp forward could have a positive effect on the market." (Read More: Wall Street Hopes for Romney, but Expects Obama to Win)
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Offline txradioguy

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Re: 8.2%
« Reply #1 on: October 05, 2012, 04:12:42 AM »
Oh and for the lurkers...the U6 unemployment rate is 14.7

So much for that great economy and all those jobs created.
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Re: 8.2%
« Reply #2 on: October 05, 2012, 06:44:45 AM »
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PearliePoo2 (2,558 posts)

Jim Cramer (Mad Money) on Morning Joe just now saying upcoming jobs report...

is NOT a good number.

Damnit


http://www.democraticunderground.com/10021475077

Is that: "Damnit...the American people are hurting" or is it "Damnit...my free birth control and cough syrup is at stake"?
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Offline BlueStateSaint

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Re: 8.2%
« Reply #3 on: October 05, 2012, 07:59:54 AM »
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"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

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Offline Gina

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Re: 8.2%
« Reply #4 on: October 05, 2012, 08:05:14 AM »
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Offline BlueStateSaint

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Re: 8.2%
« Reply #5 on: October 05, 2012, 08:08:23 AM »
Quote from: Gina on October 05, 2012, 08:05:14 AM
It's Faux News!  So it's not true!  :-)

Gina . . . :-*  Love ya, hon! :asssmack: :tongue:
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"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

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Offline dane

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Re: 8.2%
« Reply #6 on: October 05, 2012, 08:45:09 AM »
Quote from: BlueStateSaint on October 05, 2012, 07:59:54 AM
I just saw something that has the jobless rate at 7.8%.

http://www.foxnews.com/politics/2012/10/05/jobless-rate-falls-to-78-percent-in-september/
And the DUmmies are pouncing on this with great glee.
Quote
http://www.democraticunderground.com/10021475546
bigtree (45,384 posts)

Unemployment Rate Is Better Than When President Obama Took Office!
But one must ask how does this negate nearly four years of crappy numbers.  Should we be shouting "Hosanna" and dance in the street because one set of (probably) manipulated numbers shows a minimal improvement?

Were we not promised better things than this in 2008?
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Offline franksolich

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Re: 8.2%
« Reply #7 on: October 05, 2012, 08:49:40 AM »
The all-important rate for comparison needs to be what the unemployment rate was at the end of the effectual Bush administration, January 3, 2007.

Remember, his last two years in office, he was hobbled and obstructed by Harry and Bela.

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apres moi, le deluge

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Offline Kyle Ricky

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Re: 8.2%
« Reply #8 on: October 05, 2012, 08:49:56 AM »
The 7.8% is misleading ..

Please forgive me, but this is long. I didn't want to miss any of it.

Quote
[snip]

The streak is over, but that is very misleading.

With over three consecutive years of unemployment above 8 percent, September’s still disappointing jobs reportshows an addition of a meager 114,000 jobs. That’s enough to make unemployment drop to 7.8 percent from the 8.1 percent after August.

    The number of unemployed persons (12.1 million) dropped by 456,000.
    The number of persons unemployed (2.5 million) for less than 5 weeks declined by 302,000.
    The number of long-term unemployed persons (jobless for 27 weeks or more) was little changed at 4.8 million.
    The number of long-term unemployed persons accounted for 40.1 percent of the unemployed.
    Total employment rose by 873,000 in September.
    The Labor Force Participation rate was little changed at 63.6 percent.
    The number of persons employed part-time for economic reasons rose from 8.0 million in August to 8.6 million in September.

If the number of unemployed dropped by 456,000, but only 114,000 jobs were added, that means that 342,000 people left the workforce in some fashion. Couple that with the fact that the number of part-time workers saw an increase of 582,000 while manufacturing unemployment saw a decrease of 16,000 jobs and this drop in unemployment rate begins to looks less and less optimistic, and more like a misleading mathematical equation.

In 2012, employment growth has averaged a gain of 146,000 jobs per month, a drop from the average monthly gain of 153,000 in 2011. Given these numbers, the 114,000 jobs added in September begin to look worse and worse, regardless of what the often-misleading unemployment rate says.

The much more telling U-6 unemployment rate, which accounts for unemployment, underemployment, and those marginally attached to the workforce, remained the same at 14.7 percent. That 7.8 percent number does not include so many factors and does not tell the whole story. For instance, if a worker should be employed full time but could only find part time work in September, they helped the “unemployment rate” decrease from 8.1 to 7.8 percent, but they would not have changed the U-6 number at 14.7 percent.

Expect Obama to brag about the addition of 114,000 jobs and the drop in the (misleading) unemployment rate to 7.8 percent, but don’t be fooled. These numbers are still paltry compared to where they should be, or else the U-6 number would have dropped. As CNBC puts it, “Friday’s report underscored how slowly the jobs market is recovering from the depths of the 2008 financial crisis and likely will stoke increased debate amid the halting gains the latest numbers indicate.”

[/snip]

Read More: http://www.ijreview.com/2012/10/18256-breaking-september-jobs-report-released/

I think they fixed the numbers to help obama ...
« Last Edit: October 05, 2012, 11:42:45 AM by Kyle Ricky »
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Offline USA4ME

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Re: 8.2%
« Reply #9 on: October 05, 2012, 08:51:25 AM »
Let's see, nothing of significance that is good has happened in the last several years, much less months, but I'm suppose to believe the unemployment rate went from over 8% for 43 months in a row to 7.8% is the last month?  Yeah, right.

This is what I keep saying here.  This is more than obvious, but there's a whole bunch of really stupid people in the country that will believe this.  And this is what we're up againt:  Idiots.  And worse than that, they're idiots who are more than happy to sit around, do nothing, and let everyone else work for their living.

.
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Offline BlueStateSaint

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Re: 8.2%
« Reply #10 on: October 05, 2012, 09:20:45 AM »
Quote from: USA4ME on October 05, 2012, 08:51:25 AM
Let's see, nothing of significance that is good has happened in the last several years, much less months, but I'm suppose to believe the unemployment rate went from over 8% for 43 months in a row to 7.8% is the last month?  Yeah, right.

This is what I keep saying here.  This is more than obvious, but there's a whole bunch of really stupid people in the country that will believe this.  And this is what we're up againt:  Idiots.  And worse than that, they're idiots who are more than happy to sit around, do nothing, and let everyone else work for their living.

.

The whole Chicago aspect of it is too large to ignore. :whistling:
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"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

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Offline Undies

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Re: 8.2%
« Reply #11 on: October 05, 2012, 09:21:02 AM »
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Offline BlueStateSaint

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Re: 8.2%
« Reply #12 on: October 05, 2012, 09:23:41 AM »
Quote from: Undies on October 05, 2012, 09:21:02 AM
Has Rush Limbaugh ever been wrong?

Acknowledged, and H5 given.
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"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
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That's the only way you'll be assured to never lose her.

Offline Wineslob

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Re: 8.2%
« Reply #13 on: October 05, 2012, 09:32:31 AM »
Quote
The 7.% is misleading ..

I heard this this morning, however there was a caveat, the number is expected to rise 1% this month. Odd, no?  :whatever:
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Offline Gina

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Re: 8.2%
« Reply #14 on: October 05, 2012, 09:37:24 AM »
Why are there other articles even on NPR showing the 8.2%?
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Offline Gina

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Re: 8.2%
« Reply #15 on: October 05, 2012, 09:43:45 AM »
http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10

cooking the books.  

Quote
Simple math for you idiots......22,500,000 unemployed in a workforce total of 145,000,000. adding 114,000 jobs brings the unemployment rate down .3%. How many people left the workforce, how convenient to leave that out? How many new jobs do you need to create just to keep up with population growth - 125,000/mth. Obama is a complete and abject failure/liar who will do anything to keep his free house, copter, and jet.

Read more: http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10#ixzz28R6lFJ7b

Quote
U-6 Figures remain unchanged at 14.7%.

« Last Edit: October 05, 2012, 09:46:52 AM by Gina »
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Offline Carl

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Re: 8.2%
« Reply #16 on: October 05, 2012, 09:55:43 AM »
From what I have read this number was arrived at by having the house hold survey magically find roughly 800,000 home based self employed workers.

It is highly doubful in my mind that could be the case but no idea if there is any oversight to make sure they simply don`t make up numbers.
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Offline BlueStateSaint

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Re: 8.2%
« Reply #17 on: October 05, 2012, 10:02:16 AM »
Quote from: Carl on October 05, 2012, 09:55:43 AM
From what I have read this number was arrived at by having the house hold survey magically find roughly 800,000 home based self employed workers.

Funny how easily that happens, isn't it?
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"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline Carl

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Re: 8.2%
« Reply #18 on: October 05, 2012, 10:37:30 AM »
Quote from: BlueStateSaint on October 05, 2012, 10:02:16 AM
Funny how easily that happens, isn't it?
On all the Yahoo stories no one is buying it.
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Offline Karin

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Re: 8.2%
« Reply #19 on: October 05, 2012, 10:54:22 AM »
Nobody's buying it at The Hill, either.  Two moonbats at Politico bought it hook line and sinker.  "See?  We've taken away your talking point!"  Idiots. 
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Offline 98ZJUSMC

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Re: 8.2%
« Reply #20 on: October 05, 2012, 11:04:22 AM »
Quote from: Carl on October 05, 2012, 09:55:43 AM
From what I have read this number was arrived at by having the house hold survey magically find roughly 800,000 home based self employed workers.

It is highly doubful in my mind that could be the case but no idea if there is any oversight to make sure they simply don`t make up numbers.

I read ...*ahem*... they are using a new model.

The Ministry of Propaganda is working overtime.  Here's a cute little nugget via AOSHQ:

Quote
The best news anywhere in the U.S. economy over the past three months has been in the government sector, where unemployment has dropped dramatically from 5.7 percent in July to 5.1 percent in August to 4.3 percent in September, according to the Bureau of Labor Statistics.
Both the federal and state governments increased their employees in July, August and September. 

How in the  :censored:  :censored:  :censored: do you quantify government unemployment/employment?  Those not paying attention will continue to do so.
« Last Edit: October 05, 2012, 11:09:27 AM by 98ZJUSMC »
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Offline FlaGator

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Re: 8.2%
« Reply #21 on: October 05, 2012, 11:09:02 AM »
Team Obama have muddied the waters and I think that was the goal. Romney will debate using one set of numbers and Obama will argue another set and each side will accuse each other of lying.
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Offline thundley4

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Re: 8.2%
« Reply #22 on: October 05, 2012, 11:22:55 AM »
Quote from: Carl on October 05, 2012, 09:55:43 AM
From what I have read this number was arrived at by having the house hold survey magically find roughly 800,000 home based self employed workers.

It is highly doubful in my mind that could be the case but no idea if there is any oversight to make sure they simply don`t make up numbers.

The Obamanation Administration is counting people that pick up aluminum cans and stand along side the road with signs begging for food or money as being self employed.
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Offline Gina

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Re: 8.2%
« Reply #23 on: October 05, 2012, 11:30:10 AM »
It's so frustrating that he keeps getting away with this crap.  :bawl:
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Offline thundley4

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Re: 8.2%
« Reply #24 on: October 05, 2012, 11:38:36 AM »
Quote from: Gina on October 05, 2012, 11:30:10 AM
It's so frustrating that he keeps getting away with this crap.  :bawl:

When the media is on his side, it's easy.
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