- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 12 hours until December unemployment and jobs reports - guesses?
Posted on 1/10/14 at 8:50 am to udtiger
Posted on 1/10/14 at 8:50 am to udtiger
quote:
UE rate down to 6.7%, but even CNN admits this is because of workers leaving labor force.
Right.
Here are the trends:
Unemployment rate:
Civilian Labor Force Participation Rate:
So it is entirely clear that this economy is reducing it's unemployment rate by simply counting less participants.
4
Posted on 1/10/14 at 8:57 am to GumboPot
It was pretty telling when I flipped to both CNN and MSNBC and both didn't have any positive spin to put on this news. That's when you know its REALLY bad. However, I'm sure there is some dem out there that will try and tout this as a victory
Posted on 1/10/14 at 9:07 am to GumboPot
quote:
So it is entirely clear that this economy is reducing it's unemployment rate by simply counting less participants.
Answer this: which has fallen by a greater % in those 2 charts
1. The unemployment rate
2. The labor participation rate
Posted on 1/10/14 at 9:21 am to GumboPot
Seriously just take a look at the graph. At peak unemployment we were at 10% and now down to roughly 7%
That's a 30% drop
At the same time the labor force participation rate was a hair ovr 65%, but for the sake of argument let's say 65.5%
Now it's at ~62.7%
So the UE rate drops 30% and the labor participation rate drops about 4.3%
I'm supposed to be outraged how exactly?
That's a 30% drop
At the same time the labor force participation rate was a hair ovr 65%, but for the sake of argument let's say 65.5%
Now it's at ~62.7%
So the UE rate drops 30% and the labor participation rate drops about 4.3%
I'm supposed to be outraged how exactly?
Posted on 1/10/14 at 10:02 am to GumboPot
Good lord Powerman 
Seeing that Obama took office in January of 2009, I think it is fair to use that as our start point.
January 2009
Unemployment~7.8%
Participation~65.7%
Today
Unemployment~6.7%
Participation~ 62.7%
So unemployment has went down 1.1% and Participation has went down 3%
If you want to use the percent of what they started at and what they are now, then you're looking at Unemployment 8.5% and Participation 9.5%.
At the end of the day, they are about the same
WAY TO GO OBAMA!!!!
Seeing that Obama took office in January of 2009, I think it is fair to use that as our start point.
January 2009
Unemployment~7.8%
Participation~65.7%
Today
Unemployment~6.7%
Participation~ 62.7%
So unemployment has went down 1.1% and Participation has went down 3%
If you want to use the percent of what they started at and what they are now, then you're looking at Unemployment 8.5% and Participation 9.5%.
At the end of the day, they are about the same
WAY TO GO OBAMA!!!!
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News