114k jobs created in September | Page 3 | TigerDroppings.com

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Navytiger74
LSU Fan
Washington
Member since Oct 2009
16454 posts

re: 114k jobs created in September


quote:

What is U-3 and U-6?


U3 and U6 are roughly explained literally 7-8 posts up.



This post was edited on 10/5 at 8:08 am


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NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
9690 posts

re: 114k jobs created in September


quote:

Any idea how many jobs would have actually have to been added to the economy for this kind of drop?






With U-6 (full-timers +part-timers) unchanged, and BLS stating in its release that there are 600,000 additional part-time workers this month, there's your number. An unbelievable number of people were working part-time in mid-September that were working full-time in August. That is the only way they can explain this. Watch for this to become an issue.






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udtiger
LSU Fan
Louisiana
Member since Nov 2006
25593 posts

re: 114k jobs created in September




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Hat Tricks
LSU Fan
Natchitoches, LA
Member since Oct 2003
22001 posts

re: 114k jobs created in September


So what were there more of last month? Jobs created or Obama phones given out?





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Decatur
New Orleans Saints Fan
Member since Mar 2007
17607 posts

re: 114k jobs created in September


quote:

You are ignorant.


HA HA HA HA HA HA HA HA HA HA






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EZE Tiger Fan
Member since Jul 2004
24059 posts

re: 114k jobs created in September


quote:

Watch for this to become an issue.


Become an issue how?

It is clear to anyone paying attention that we are being hoodwinked by a crooked administration and their media. This is really amazing to watch.

Frightening, really.






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NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
9690 posts

re: 114k jobs created in September


quote:

quote:
600,000 new part-time workers since last month.



I've been away quite a lot lately. What sector did these jobs get added in?

U-6, which is the same (at 14.7%) as it was last month, when U-3 was 8.1%. This shift from full time to part time is the difference.






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Mike da Tigah
St. Denham Rougeville
Member since Feb 2005
41277 posts

re: 114k jobs created in September


quote:

Just in time for the election!

What a cool coincidence!








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Scrowe
New Orleans Saints Fan
Louisiana
Member since Mar 2010
1562 posts

re: 114k jobs created in September


Do y'all think Romney can come out pounding on the "true" unemployment showing that people are dropping out the labor force and taking them out of the equation is skewing the numbers in favor of the current administration?





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EZE Tiger Fan
Member since Jul 2004
24059 posts

re: 114k jobs created in September


quote:

HA HA HA HA HA HA HA HA HA HA


I really don't understand how/why this type of stuff excites you. This really should frighten every citizen that is paying attention.

How many lies will you be willing to swallow?






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NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
9690 posts

re: 114k jobs created in September


quote:

Become an issue how?


Because if the drop is purely attributable to 600,000 people going from full time status to part time status, then this U-3 number is worse news than the 8.1% of last month was.






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Roaad
LSU Fan
Bushrod Owns
Member since Aug 2006
52484 posts

re: 114k jobs created in September


quote:

What is U-3 and U-6?

quote:

U1 : Percentage of labor force unemployed 15 weeks or longer.
U2 : Percentage of labor force who lost jobs or completed temporary work.
U3 : Official unemployment rate per ILO definition.
U4 : U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5 : U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6 : U5 + Part time workers who want to work full time, but cannot due to economic reasons.

Below is the overview of these six measures.
U1:

This is the proportion of the civilian labor force that has been unemployed for 15 weeks or longer. This unemployment rate measures workers who are chronically unemployed. During business-cycle expansions, this rate captures structural unemployment. However, during lengthy business-cycle contractions, this rate is also likely to include a significant amount of cyclical unemployment. U1 tends to be relatively small, in the range of 1-2 percent.

U2:

This is the proportion of the civilian labor force that is classified as job losers (workers who have been involuntarily fired or laid off from their jobs) and people who have completed temporary jobs. During business-cycle expansions, this rate is likely to capture some degree of frictional unemployment. However, during business-cycle contractions, this rate is most likely to consist of cyclical unemployment. U2 is larger than U1, but still remains substantially less than the official unemployment rate (U3).

U3:

This is the official unemployment rate, which is the proportion of the civilian labor force that is unemployed but actively seeking employment.

U4:

This is the official unemployment rate that is adjusted for discouraged workers. In other words, discouraged workers are treated just like other workers who are officially classified as unemployed, being included in both the ranks of the unemployed and the labor force. It is technically specified as the proportion of the civilian labor force (plus discouraged workers) that is either unemployed but actively seeking employment or discouraged workers. The addition of discouraged workers generally adds a few tenths of a percentage point to the official unemployment rate.

U5:

This augments U4 by including marginally-attached workers to the unemployment rate calculation. Marginally attached workers are potential workers who have given up seeking employment for various reasons. One of these reasons is that the workers believe such effort would be futile, which places them in the discouraged worker category. Those who have other reasons for not seeking employment are placed in the broader marginally-attached workers category. The addition of marginally-attached workers adds a few more tenths of a percentage point to the official unemployment rate.

U6:

This augments U5 by including part-time workers to the unemployment rate calculation. The addition of part-time workers adds a full 2-3 percentage points to the official unemployment rate. This measure of unemployment is perhaps the most comprehensive measure of labor resource unemployment available.
LINK



This post was edited on 10/5 at 8:14 am


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TigerDeBaiter
LSU Fan
Member since Dec 2010
2814 posts

re: 114k jobs created in September


Obama hoped the unemployment rate would drop, so the USBLS changed it for him.


This post was edited on 10/5 at 8:15 am


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BigBoyTiger
LSU Fan
Chicago
Member since Aug 2005
8751 posts

re: 114k jobs created in September


quote:

Decatur


Do you understand basic math?

If you have 90 people employed out of a pool of 100 people then you have 10% unemployment.

However, if two people become "discouraged" or "stop looking", then you have 90 people employed out of a pool of 98 people...and the rate is 8.2%.

But don't let basic math get in the way of idological hackery.






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Mike da Tigah
St. Denham Rougeville
Member since Feb 2005
41277 posts

re: 114k jobs created in September


quote:

I really don't understand how/why this type of stuff excites you. This really should frighten every citizen that is paying attention.


The end justifies the means






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Anodyne
LSU Fan
Member since Oct 2011
2162 posts

re: 114k jobs created in September


I have been saying since January, in October the Feds would report unemployment under 8%. The reason for the drop will be so many falling out of the workforce...but that would be immaterial because the media and Obama would claim it as progress.

It is blatant fraud on the American public, period. If Obama has any hand in it, he should be impeached.






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EZE Tiger Fan
Member since Jul 2004
24059 posts

re: 114k jobs created in September


quote:

Because if the drop is purely attributable to 600,000 people going from full time status to part time status, then this U-3 number is worse news than the 8.1% of last month was.


Oh, I completely get that.

I mean "becoming an issue" as in, how will this become an issue, exactly? This is going to either be swept under the rug, touted as the "new normal", or will be spun as a positive.

Obama and his media know no bounds.






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TigerLicks
Buffalo Fan
Dallas, TX
Member since Oct 2003
10770 posts

re: 114k jobs created in September


Anyone ever tell Lockheed to delay layoff notices till after an election ever? Always trust that guy. LOL.





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constant cough
LSU Fan
Lafayette
Member since Jun 2007
37255 posts

re: 114k jobs created in September


quote:

It is blatant fraud on the American public, period. If Obama has any hand in it, he should be impeached.


What do you mean if? Is there any doubt he's manipulating the numbers?






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Mike da Tigah
St. Denham Rougeville
Member since Feb 2005
41277 posts

re: 114k jobs created in September


quote:

Oh, I completely get that.

I mean "becoming an issue" as in, how will this become an issue, exactly? This is going to either be swept under the rug, touted as the "new normal", or will be spun as a positive.

Obama and his media know no bound




Correct me if I'm wrong here, but isn't the next debate on foreign policy, and if so, what are the odds this will be presented or discussed in that debate?







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