Employment Situation - June 2010 (Obamaconomics = FAILURE!)

To: C19fan

Unexpected!

2 posted on Friday, July 02, 2010 8:38:09 PM by FreedomOfExpression
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To: C19fan

It’s just sickening to see this national decline...when we know what would turn things around. We could have gotten started in 2008 & be pulling out of this by now.

3 posted on Friday, July 02, 2010 8:38:27 PM by anniegetyourgun
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To: C19fan

Something sounds fishy. Unemployment drops when we lose jobs.

4 posted on Friday, July 02, 2010 8:38:36 PM by nhwingut (Palin/Bachmann '12)
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To: C19fan

Unemployment rate fell because almost 800,000 people dropped out of the labor force. The number of people from the household survey who answered they were employed fell by 300,000.

5 posted on Friday, July 02, 2010 8:38:51 PM by C19fan
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To: C19fan

Obama, Pelosi and Reid will spin these numbers until we are dizzy...

6 posted on Friday, July 02, 2010 8:39:01 PM by Russ (Repeal the 17th amendment)
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To: C19fan

Once again I ask, how are there less jobs and yet unemployment number goes DOWN?

So confused.

7 posted on Friday, July 02, 2010 8:39:12 PM by autumnraine (America how long will you be so deaf aInd dumb to the chariot wheels carrying you to the guillotine?)
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To: C19fan

Some of these numbers appear to be cooked and lack any correlation.

8 posted on Friday, July 02, 2010 8:39:33 PM by newfreep (Palin/DeMint 2012 - Bolton: Secy of State)
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To: C19fan
Unemployment rate down 0.2% to 9.5%...at least it's in the right direction. >sigh<
9 posted on Friday, July 02, 2010 8:39:40 PM by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: C19fan

Those numbers will edge back up, once they’re “revised” to account for “new information.”

10 posted on Friday, July 02, 2010 8:39:58 PM by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: C19fan

How did they manage to lower the unemployment rate when there are fewer jobs? I suspect “seasonal adjustment” or abuse o the birth/death model but have to get the raw data to figure it out. Fishy, to say the least..

11 posted on Friday, July 02, 2010 8:40:02 PM by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: nhwingut

Yeh, I don’t get that either.

12 posted on Friday, July 02, 2010 8:40:09 PM by kevslisababy (It's very hard to earn my trust again)
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To: anniegetyourgun

Economic warfare is the oldest and most efficient tool of the communists. Far more effective than the gun.

13 posted on Friday, July 02, 2010 8:40:26 PM by riri
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To: C19fan

Jobs lost! Unemployment down? I don’t understand. Must be the “new” math!

14 posted on Friday, July 02, 2010 8:40:36 PM by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: C19fan

the lies continue

15 posted on Friday, July 02, 2010 8:40:43 PM by indylindy
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To: newfreep; autumnraine

Only if you assume the other factors are constant. Fewer people are looking for a job, so they have dropped off the denominator.

16 posted on Friday, July 02, 2010 8:41:02 PM by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: anniegetyourgun

That would assume that McCain would listen to Palin’s advice on how to fix the economy.

17 posted on Friday, July 02, 2010 8:41:06 PM by listenhillary (You might be a modern LIBERAL if you read 1984 & said "YEAH! That's the world that I want!")
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To: nhwingut

A few weeks from now we will probably get a little Friday night blurb that will “unexpectedly” adjust the numbers up to 9.8 or 9.9.

18 posted on Friday, July 02, 2010 8:41:29 PM by kempster
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To: andy58-in-nh

Unemployment Rate = # of Unemployed/Labor Force. The key is in order to be counted as unemployed and part of the labor force you have to be actively seeking a job. So you can no longer be counted as unemployed because you gave up looking for a job so that is what happened in June.

19 posted on Friday, July 02, 2010 8:41:36 PM by C19fan
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To: Russ
Obama, Pelosi and Reid will spin these numbers until we are dizzy...

Yes. Just this morning, I saw the queen Peloser pronouncing that paying unemployment benefits creates jobs!
20 posted on Friday, July 02, 2010 8:41:56 PM by IamConservative (Liberty is all a good man needs to succeed.)
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To: C19fan

Santelli on CNBC is pissed off!

They’re also hollering about some fishy business in the birth/death model.

21 posted on Friday, July 02, 2010 8:41:56 PM by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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To: C19fan

Obama on Unemployment: “At Least It’s Not at 12, 13 or 15 Percent”
http://www.youtube.com/watch?v=I3TlNsPFkyE

Pelosi: Unemployment compensation creates jobs
http://www.youtube.com/watch?v=WUAG3Fqz56s

So this is great news and we should be happy! More unemployment compensation! Jobs are being created!

Why do I feel like I’m living the movie Idiocracy?

22 posted on Friday, July 02, 2010 8:42:01 PM by TSgt (We will always be prepared, so we may always be free. - Ronald Reagan)
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To: C19fan
the unemployment rate edged down to 9.5 percent

The way they count this number is wrong. The unemployment situation is getting worse, and if the rate is improving, then something is wrong with the methodology being used to track it. They know that, but it makes them look good, so they won't try to fix it.
23 posted on Friday, July 02, 2010 8:42:13 PM by ClearCase_guy
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To: C19fan

i read previews yesterday to see what economists were hoping for today- the big number was the gain in private sector jobs...they were hoping for a minimum of +100K upwards of +180K....only +83K private sector jobs were created...

24 posted on Friday, July 02, 2010 8:42:18 PM by God luvs America (When the silent majority speaks the earth trembles!)
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To: andy58-in-nh

It was just a bunch of people listening to wily ol’ Joe Biden... He told them the jobs aren’t coming back, so they just gave up looking.

25 posted on Friday, July 02, 2010 8:42:56 PM by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: ClearCase_guy

didn’t zero say it was a good thing when unemployment edge up t0 9.9% a few months ago??? it meant more people entered the work force???? let’s hear that morons spin today....

26 posted on Friday, July 02, 2010 8:43:39 PM by God luvs America (When the silent majority speaks the earth trembles!)
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To: autumnraine
Once again I ask, how are there less jobs and yet unemployment number goes DOWN?

No mystery to me. The Bureau of Labor Statistics is juggling the numbers to try and elect Democrats in November. Watch the July, August, September & October numbers continue to be manipulated downward to show about a 7.9% unemployment rate by the elections in November.

Bank on it.
27 posted on Friday, July 02, 2010 8:44:40 PM by Chuck54 (Dollar-A-Day Freeper (on fixed income). Join the club please.)
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To: Gondring
Thomas Sowell wrote the following back in the mid 1990s:

From FR thread Obama's Speech in Racine Channeled Thomas Sowell circa 1996, (and not in a good way)
http://www.freerepublic.com/focus/f-bloggers/2545511/posts
28 posted on Friday, July 02, 2010 8:45:24 PM by listenhillary (You might be a modern LIBERAL if you read 1984 & said "YEAH! That's the world that I want!")
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To: All

I think they adjusted the May numbers up to 9.9% so it’s a bigger gain in employment than first reported. Wow, this is great news.(sarc) At least it’s not 10%.. But give him time, he’s destroying the economy at a rate the former Soviets are envious of.

29 posted on Friday, July 02, 2010 8:45:30 PM by newnhdad (The longest of journeys begins with one step.)
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To: C19fan

It bears repeating: were the GOP in power in either the Congress or the White House the MSM would be in full throat about this crisis.

30 posted on Friday, July 02, 2010 8:45:41 PM by relictele (Me lumen vos umbra regit)
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To: autumnraine
"Once again I ask, how are there less jobs and yet unemployment number goes DOWN?"

Once unemployment benefits expire - you are no longer considered unemployed! So MORE people fell off the back end of line than entered.
31 posted on Friday, July 02, 2010 8:46:35 PM by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: autumnraine
Once again I ask, how are there less jobs and yet unemployment number goes DOWN?

So confused.

It is confusing - it's intended to be - so don't feel too bad. Basically, what the so-called "unemployment" number reports is the number of people filing unemployment claims. So, even if employers are reporting fewer actual jobs (i.e., number of new hires dropped, or number of new hires is less than number of new fires), if more people have stopped filing unemployment claims - in this case, because they've used up their maximum benefit - than the number of people who have filed new unemployment claims (on account of having just been let go), then you will see both a drop in the total number of jobs and a drop in the so-called official rate of unemployment.

The system works tolerably well as a proxy for real unemployment during normal times - when the political party in charge is not actively trying to destroy the economy - but in times such as those we are now suffering through, the so-called official rate of unemployment is more of a lie than an accurate statistic (which is, of course, what the democrats are currently using it as - a figleaf to disguise the true rate of current unemployment - counting all those who have lost unemployment benefits and have simply given up looking for work until we get rid of the democrats - which is somewheres around 20% to 25%).


32 posted on Friday, July 02, 2010 8:46:54 PM by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: C19fan

“Chocolate rations increase from 10 to 8 per month!”

33 posted on Friday, July 02, 2010 8:47:17 PM by PogySailor (BHO - Dividing the country into tribes since 2008.)
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To: autumnraine

People quit looking for jobs.

34 posted on Friday, July 02, 2010 8:47:50 PM by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: C19fan
I have the numbers now. Holy crap. As you noted, the number of people who are now counted as "not in the labor force" increased from May to June by 842,000. Now, look at the increase in the number of people not in the labor force since June 2009: 3,054,000. Over three million people dropped out of the labor force since last June - and that, folks is how you keep the "official" unemployment rate below 10%. Lying with statistics for dummies.
35 posted on Friday, July 02, 2010 8:48:00 PM by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Oceander

You do have people who are no collecting UI but are considered unemployed because they are looking for a job, for example college graduates.

36 posted on Friday, July 02, 2010 8:48:35 PM by C19fan
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To: An.American.Expatriate

If someone gives up looking for work they are still unemployed.

37 posted on Friday, July 02, 2010 8:48:38 PM by Never on my watch (The person with the solution to the oil spill was aborted in January 1978)
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To: kempster
A few weeks from now we will probably get a little Friday night blurb that will “unexpectedly” adjust the numbers up to 9.8 or 9.9.

Yesterday morning, FoxNews was saying that the new UE rate was 9.9%.

FEDs play with those numbers and 'readjust' according to need. They have to 'adjust' because Team Obama does not want the number to be 10% or more, for political reasons.
38 posted on Friday, July 02, 2010 8:48:59 PM by TomGuy
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To: Never on my watch
If someone gives up looking for work they are still unemployed.

Actually according to BLS methodology you are no longer unemployed in that situation.
39 posted on Friday, July 02, 2010 8:49:43 PM by C19fan
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To: C19fan

Unemployment is down because more people are hopelessly out of work! Go figure.

40 posted on Friday, July 02, 2010 8:50:13 PM by mikeandike
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To: C19fan
Actually according to BLS methodology you are no longer unemployed in that situation.

I don't give a d@mn about BLS methodology, I live in the world of reality.
41 posted on Friday, July 02, 2010 8:51:59 PM by Never on my watch (The person with the solution to the oil spill was aborted in January 1978)
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To: Russ

Re: total spin

Absolutely! Only in the movie “love my welfare state” can you get math where fewer jobs means lower unemployment.

I like the stats at http://www.shadowstats.com/alternate_data/unemployment-charts ... they are more “old school” in their calculations.

42 posted on Friday, July 02, 2010 8:52:02 PM by Nobel_1 (bring on the Patriots!)
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To: Never on my watch
If someone gives up looking for work they are still unemployed. Semantically yes. BLS however says they are not in the workforce und thus do not count. Only those actively looking count.
43 posted on Friday, July 02, 2010 8:52:28 PM by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: C19fan
Obamaconomix....there, fixed that!

This person is a JOKE!...but a bad one and no one is laughing!
44 posted on Friday, July 02, 2010 8:52:50 PM by LUV W (DIMs?......start packin'--you're fired!....I can see November from my house!)
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To: C19fan
Both the number of unemployed persons, at 14.6 million, and the unemployment rate, at 9.5 percent, edged down in June ...

... In June, about 2.6 million persons were marginally attached to the labor force, an increase of 415,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Throw those 2.6 million in and you're at 11.2%

The number of persons employed part time for economic reasons (some- times referred to as involuntary part-time workers), at 8.6 million, was little changed over the month

... add these on top and you're at nearly 17% un or underemployed.

Nothing to see here folks ... keep moving.
45 posted on Friday, July 02, 2010 8:53:02 PM by tx_eggman (Liberalism is only possible in that moment when a man chooses Barabas over Christ.)
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To: listenhillary

Wow, Sowell is not only a genius but a very astute observer of how the enemy works.

46 posted on Friday, July 02, 2010 8:54:03 PM by thecabal (Destroy Progressivism)
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To: C19fan

47 posted on Friday, July 02, 2010 8:54:41 PM by earlJam
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To: autumnraine

Unemployment only counts those receiving unemployment. It isn’t counting all the people who have given up.

48 posted on Friday, July 02, 2010 8:56:28 PM by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: C19fan

I know, which is why I included the remark about people who are polled who state that they are no longer looking for work. The bottom line is, however, that the official reported rate of unemployment is woefully inadequate and does not include a lot of people who are unemployed.

49 posted on Friday, July 02, 2010 8:59:01 PM by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: TomGuy

They can’t bear the thought of the sound of “double digit unemployment”—even though that’s what we have.

50 posted on Friday, July 02, 2010 8:59:12 PM by 9YearLurker
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