US jobless rate falls to 7.7 percent, a 4 year low, NBC reports - Page 3 - TigerDroppings.com

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JoBoo
LSU Fan
Ethiopian-American
Member since Jul 2005
4566 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:


Statistics are like bikinis. What they reveal is interesting, but what they hide is vital.


Translation: I don't want to believe the numbers because it makes my party look bad, so i will concoct a bull shite reason to make the numbers appear as poorly as possible.

Heard the same tired rhetoric from you righties from Aug-Nov 5 regarding the poll numbers. Your boy, Rove made an arse of himself using this strategy, but by all means, keep it up.






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mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
9095 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

I will never ubderstand how someone who is of working age and not 100% disabled can NOT be counted as unemployedThey are. Just not in the U3 number the press desires to report.


So, what's the REAL number? 10%? 10.5%? 11% or higher?






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DeltaDoc
LSU Fan
The Delta
Member since Jan 2008
8627 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Well, as the baby boomers age into retirement, the percentage will drop, genius.


You going on record as stating that the large majority of those that have fallen out of the workforce are retiring babyboomers?






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los angeles tiger
LSU Fan
1,601 miles from Tiger Stadium
Member since Oct 2003
55976 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

They are. Just not in the U3 number the press desires to report.

Statistics are like bikinis. What they reveal is interesting, but what they hide is vital.

The U3UE numbers are illustrative.



There is some major nip and tuckage going on with government tranny trying to hide the truth in the facts bikini.






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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
15982 posts
 Online 

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


People giving up looking for jobs is good news, brilliant!





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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
23959 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Well, as the baby boomers age into retirement, the percentage will drop, genius.


But ages 65+ have been steadily adding to the workforce:



quote:

The percentage fell steadily under Bush


I couldn't check this. The data only goes back to 6/2008.

LINK






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los angeles tiger
LSU Fan
1,601 miles from Tiger Stadium
Member since Oct 2003
55976 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

People giving up looking for jobs is good news, brilliant!


JoBoo thinks they won the lottery and are evil rich white people.






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pistolpete23
In the present
Member since Dec 2007
3831 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

as the baby boomers age into retirement, the percentage will drop,


Are you trying to say half a million baby boomers retired last month?


Man the delusion runs rampant with you people!!!






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BaddestAndvari
New Orleans Saints Fan
That Overweight Racist State
Member since Mar 2011
11185 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

participation rate. Look at it.


participation rate can be effected by more than just people that have "given up" as well.. I whole bunch of my friends have decided to have children now that the economy is in the "right direction".. just sayin'. It's not always the "they have given up" argument.

ETA: that being said, I do think some people are just giving up, but I also don't think this will be the norm.

ETAA: Go back and look at participation rates from 1970.. just sayin'



This post was edited on 12/7 at 9:27 am


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Lsut81
USA Fan
Member since Jun 2005
63217 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Keep hoping for bad news, troll. It kills you that America is on the rebound, doesn't it?


What the frick can't you comprehend from these numbers??? 500k capable Americans are now sitting at home doing dick because of how great this country is rebounding...

Forward!






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Turbeauxdog
LSU Fan
Member since Aug 2004
5670 posts
 Online 

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


participation rate can be effected by more than just people that have "given up" as well.. I whole bunch of my friends have decided to have children now that the economy is in the "right direction".. just sayin'. It's not always the "they have given up" argument.

The participation rate is at something like a 50 year low. I guess millions have decided things are going so swimmingly they'd like to rely on one income and have more mouths to feed?






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constant cough
LSU Fan
Lafayette
Member since Jun 2007
35486 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

People giving up looking for jobs is good news, brilliant!



Get people on food stamps and disability and they aren't counted as unemployed.

Forward!








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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
18318 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

TenTex


Read the report.

LINK

quote:

The unemployment rate edged down to 7.7 percent in November. The number of unemployed persons, at 12.0 million, changed little.


quote:

Among the major worker groups, the unemployment rates for adult men (7.2 percent), adult women (7.0 percent), teenagers (23.5 percent), whites (6.8 percent), and Hispanics (10.0 percent) showed little or no change in November. The unemployment rate for blacks (13.2 percent) declined over the month. The jobless rate for Asians was 6.4 percent (not seasonally adjusted), little changed from a year earlier.


quote:

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.8 million in November. These individuals accounted for 40.1 percent of the unemployed. (See table A-12.)


quote:

The civilian labor force participation rate declined by 0.2 percentage point to 63.6 percent in November


quote:

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 8.2 million in November, was little changed


quote:

there were 979,000 discouraged workers in November, little changed from a year earlier.


quote:

The change in total nonfarm payroll employment for September was revised from +148,000 to +132,000, and the change for October was revised from +171,000 to +138,000.


So using rationale and logic. How does the unemployment rate decrease when 1) All employment numbers are little changed from LAST YEAR? 2) How does the unemployment rate decrease, when the labor participation rate has decreased?

Are you smart enough to connect the dots?



This post was edited on 12/7 at 9:31 am


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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6197 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Well, as the baby boomers age into retirement, the percentage will drop, genius.


Do you not realize that baby boomers and subsequently their offspring have children? A simple search will point to the reality that birth rates of the 90's were a little more and sometimes a little less than the corresponding baby boomer years. It's a fallacy to attribute the falling participation rate to baby boomer retirement.

I support the position that the bleak employment picture has led more households to become single earner homes. Not inherently a bad thing but coupled with those flat out giving up and going on the government dime, we have some major issues that will be glossed over by the house of cards that is our UE rate.






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
15778 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

BugAC


I would add to it that this is the time when the 99-week limit on Unemployment benefits is ending for those that have been on it the longest, which *should* be putting many back into the job-seeking market.






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CarrolltonTiger
LSU Fan
New Orleans
Member since Aug 2005
46291 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

Interesting.


How is the labor participation rate, how many droped out of the labor market last month?

Obama can have full employment if he depressess us enough or make the benefits lucrative enough to get all of the annoying unemployed to stop looking for work.






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mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
4118 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

But ages 65+ have been steadily adding to the workforce


There are a lot of old people so they can both simultaneously increase the drop out rate even while their participation rate climbs. Of course they have to retire some day so that should free up some jobs. I would expect the participation rate to go down a bit when the economy gets a little better and they are able to sell their homes and downsize like my parents just did.






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Northwestern tiger
New Orleans Saints Fan
UT-Southwestern
Member since Oct 2005
16576 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

146,000 jobs were created in November.

Interesting.


lets give Romeny some credit

oh wait, Obama won, Snap






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JoBoo
LSU Fan
Ethiopian-American
Member since Jul 2005
4566 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

The participation rate is at something like a 50 year low.


Demographic changes are the key here.. Righties looking for a boogey man are ill informed. From the bureau of labor:

The overall labor force participation rate is expected to decline for the remainder of the decade, projected to fall to 62.5% in 2020.[6] By the year 2020, the subpopulation of older adults in the United States is expected to reach 97.8 million people, comprising 28.7% percent of the entire U.S. population, a rise from the 24.7% in 2010.[6] This increase in proportion of older adults can be attributed to the entire Baby Boomer cohort joining the older adult population (ages 55+) by 2020.







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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
26534 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports


quote:

540k dropped out Not exactly the way you want to recover, but par for the course lately
Sadly, Americans are so fricking stupid, they don't even understand that you need to know BOTH the unemployment rate as well as total employment participation.

I mean frick. Technically, you could have zero percent unemployment AND zero percent working if everyone just gives up.







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