Obama WH "Rate really 8.254%: | TigerDroppings.com

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Lsut81
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Member since Jun 2005
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Obama WH "Rate really 8.254%:


Holy Shit, you have got to be kidding me...

quote:

The White House is really getting specific when it comes to the unemployment rate.

Rather than 8.3% -- the rounded-up figure -- Obama economic adviser Alan B. Krueger writes on the White House website that the real jobless rate is 8.254%.

"The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July)," wrote Krueger, chairman of the Council of Economic Advisers.


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Holden Caulfield
LSU Fan
Hanging with J.D.
Member since May 2008
6196 posts

re: Obama WH "Rate really 8.254%:


That may be the funniest and most pathetic thing I will read all day.





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CamdenTiger
Member since Aug 2009
27088 posts
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re: Obama WH "Rate really 8.254%:


quote:

That may be the funniest and most pathetic thing I will read all day


I bet alot of people appreciate that...






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Chimlim
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Baton Rouge, LA
Member since Jul 2005
11233 posts
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re: Obama WH "Rate really 8.254%:








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HailHailtoMichigan!
Michigan Fan
Mission Viejo, CA
Member since Mar 2012
11243 posts

re: Obama WH "Rate really 8.254%:


This administration is defeated.





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SportTiger1
LSU Fan
Stonewall, LA
Member since Feb 2007
3224 posts

re: Obama WH "Rate really 8.254%:




Wow, grasping at straws.

Tic to the toc to the ticky ticky toc.






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RFK
Virginia Fan
Out Here in the Middle
Member since May 2012
417 posts

re: Obama WH "Rate really 8.254%:


Yea but think of the thousands of jobs that are that .5 percentage point. That's thousands of people who are able to provide for their families.

This is the one statistic I wouldn't ever want to 'round up' on.






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Lsut81
USA Fan
Member since Jun 2005
64109 posts
 Online 

re: Obama WH "Rate really 8.254%:


quote:

That may be the funniest and most pathetic thing I will read all day.



May be one of the most pathetic statements to come from this WH and that is saying a lot.






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Newbomb Turk
Navy Fan
perfectanschlagen
Member since May 2008
9961 posts

re: Obama WH "Rate really 8.254%:


quote:

Obama WH "Rate really 8.254%:



Ooops, they better make that 8.255% in light of the liberal douchebag who got fired yesterday for his asinine and moronic attack on a Chik-fil-A employee!







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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
18436 posts

re: Obama WH "Rate really 8.254%:


quote:

Yea but think of the thousands of jobs that are that .5 percentage point. That's thousands of people who are able to provide for their families.

This is the one statistic I wouldn't ever want to 'round up' on.



Hmmm....

quote:

Both the civilian labor force participation rate, at 63.7 percent, and the employment- population ratio, at 58.4 percent, changed little in July.


quote:

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 8.2 million in July. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.


quote:

In July, 2.5 million persons were marginally attached to the labor force, down from 2.8 million a year earlier.


Wait, we are gaining jobs, yet there are less people in the work force? Please explain.

quote:

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.


Bureau of Labor Statistics July 2012






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Lsut81
USA Fan
Member since Jun 2005
64109 posts
 Online 

re: Obama WH "Rate really 8.254%:


quote:

Ooops, they better make that 8.255% in light of the liberal douchebag who got fired yesterday for his asinine and moronic attack on a Chik-fil-A employee!



Nope,

8.254000001

No Change






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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
27805 posts

re: Obama WH "Rate really 8.254%:


quote:

Rather than 8.3% -- the rounded-up figure -- Obama economic adviser Alan B. Krueger writes on the White House website that the real jobless rate is 8.254%.


Well, really, from a 0-100% scale, 8.3% is closer to 0% than 100%, so we will just go with that.

Unemployment is, basically, 0%!



This post was edited on 8/3 at 12:25 pm


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pistolpete23
In the present
Member since Dec 2007
3841 posts

re: Obama WH "Rate really 8.254%:


quote:

Obama WH "Rate really 8.254%:










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junkfunky
LSU Fan
Member since Jan 2011
13767 posts
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re: Obama WH "Rate really 8.254%:


quote:

.5 percentage point.


You suck at math.






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Rickety Cricket
Navy Fan
Premium Member
Member since Aug 2007
33909 posts
 Online 

re: Obama WH "Rate really 8.254%:


quote:

They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Obama's plan: make the job climate so awful that people won't even bother looking, thereby making the employment numbers look slightly less crappy.






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GumboPot
LSU Fan
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Member since Mar 2009
24092 posts
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re: Obama WH "Rate really 8.254%:








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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
294000 posts

re: Obama WH "Rate really 8.254%:


quote:

Yea but think of the thousands of jobs that are that .5 percentage point. That's thousands of people who are able to provide for their families.

a. that rate change is almost assuredly from people not counted as "unemployed" b/c they're not actively searching for work

b. the failure to round up is a political statement, and a pathetic one. that's what the thread is about






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EZE Tiger Fan
Member since Jul 2004
23829 posts

re: Obama WH "Rate really 8.254%:


quote:

Yea but think of the thousands of jobs that are that .5 percentage point.






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EZE Tiger Fan
Member since Jul 2004
23829 posts

re: Obama WH "Rate really 8.254%:


quote:

Yea but think of the thousands of jobs that are that .5 percentage point.


LOL.

Ladies and Gentlemen,

Another member of the intellectual elite.






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HubbaBubba
LSU Fan
RIP - los angeles tiger
Member since Oct 2010
7985 posts

re: Obama WH "Rate really 8.254%:


quote:

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.

Tell everyone to just stop, already, with the four week long trips to the Riviera. This whole, vacation from looking for work shite has got to stop.






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