- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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: Another dismal jobs report for December
Posted on 1/7/22 at 11:36 am to LegendInMyMind
Posted on 1/7/22 at 11:36 am to LegendInMyMind
quote:
I mean....sure, if you believe that spin you have a brain about like potato head.
Tell me what the real numbers are ol' wise one
1
Posted on 1/7/22 at 11:38 am to Zappas Stache
quote:
Unemployment at 3.9% and more jobs added in 2021 then since 1939. The Biden boom continues!
Boom? No. It's more like a series of small farts.
The Labor Force Participation Rate hasn't been this low since Feb. 1977. As such, it's still FAR lower than pre-pandemic levels.
While new jobless claims seem to have levelled out, it's at a level higher than pre-pandemic numbers AND this was during the time of year when part-time work should have been abundant.
The drop in Unemployment numbers, therefore, is largely due to people simply no longer looking for work while living off of Continued Claims which is, of course, still a little higher than pre-pandemic numbers and/or else simply not making new claims.
This post was edited on 1/7/22 at 11:39 am
Posted on 1/7/22 at 11:39 am to Zappas Stache
quote:
Unemployment at 3.9% and more jobs added in 2021 then since 1939. The Biden boom continues!
no. Posted on 1/7/22 at 11:40 am to RogerTheShrubber
Who needs jobs when you can be crypto millionaire.
Posted on 1/7/22 at 11:43 am to Centinel
Yeah it is. Sorry you don't know what the unemployment rate is when the media talks about. There are actually 6 different unemployment rates the BLS uses
Posted on 1/7/22 at 11:44 am to Zappas Stache
quote:
Tell me what the real numbers are ol' wise one
Nah, you've got it figured out there, Zapps. Carry on.
Posted on 1/7/22 at 11:44 am to RLDSC FAN
Everyone that wants a job has one and there is not a single business I know that has enough people to work.
It’s time to end our welfare state
It’s time to end our welfare state
Posted on 1/7/22 at 11:46 am to Nguyener
Honestly I have no patience for anyone who defends this administration after the Afghanistan shite show. Everyone who continues to defend this administration can go frick themselves at this point. I can’t wait for the Ukraine and Taiwan shite storm that is likely to happen this year.
Posted on 1/7/22 at 11:52 am to Zappas Stache
quote:
The Biden boom continues!
Oh, he's bombing for sure.
Posted on 1/7/22 at 12:03 pm to RLDSC FAN
quote:
Another dismal jobs report for December
only 3 more years of this
and its only going to get worse
thanks brandon
Posted on 1/7/22 at 12:17 pm to RogerTheShrubber
quote:
Job participation rate is 61%
That is horrid
Posted on 1/7/22 at 12:23 pm to Abstract Queso Dip
quote:
Yeah it is. Sorry you don't know what the unemployment rate is when the media talks about. There are actually 6 different unemployment rates the BLS uses
He's referring to the "boom".
Continued Claims, Labor Force Participation Rate, SNAP enrollment, etc... adding those in provides a far greater context to tell the full picture than just looking at U3 (which is the most commonly used one, which denotes only those actively looking for jobs).
This post was edited on 1/7/22 at 12:24 pm
Posted on 1/7/22 at 12:31 pm to RLDSC FAN
Notice under trump the numbers always exceeded expectations but under Biden they always under perform
Posted on 1/7/22 at 12:35 pm to Nguyener
quote:
Everyone that wants a job has one and there is not a single business I know that has enough people to work.
It’s time to end our welfare state
This is why UBI cannot create a successful economy.
Posted on 1/7/22 at 12:39 pm to upgrayedd
quote:
How do you add 50% less jobs than anticipated but still have unemployment drop by 0.2%?
Maybe unemployment is a poor indicator.
Posted on 1/7/22 at 12:41 pm to RLDSC FAN
The "Biden Boom"
Biden couldn't tell you what he ate for breakfast.
Biden couldn't tell you what he ate for breakfast.
Posted on 1/7/22 at 12:46 pm to billjamin
It can be a good indicator of the direction of the economy but doesn't give a full picture. It is only new claims... So labor force participation should be factored in. The U-6 number is a current indicator it takes into account the unemployed rather than just new claims, under employed and discouraged workers. It is a better snapshot of the new versus the U-3 which tends to project where we are headed during normal economic times.
Posted on 1/7/22 at 12:54 pm to Abstract Queso Dip
The u-6 number is 7.2 versus 11.6 of December 2020.
Just because your friends can't find workers means that he has a business in a shoddy labor market. Isn't paying enough, or has had rapid growth and can't keep up. The entire labor market has changed drastically. I have several friends that started their own businesses during the pandemic. Several that are full time work from home.
Local anecdotal evidence doesn't represent the United States as a whole. Louisiana and Mississippi are shitholes and people are leaving droves just like high tax states Cali, NY, and IL
Just because your friends can't find workers means that he has a business in a shoddy labor market. Isn't paying enough, or has had rapid growth and can't keep up. The entire labor market has changed drastically. I have several friends that started their own businesses during the pandemic. Several that are full time work from home.
Local anecdotal evidence doesn't represent the United States as a whole. Louisiana and Mississippi are shitholes and people are leaving droves just like high tax states Cali, NY, and IL
Posted on 1/7/22 at 12:58 pm to Abstract Queso Dip
quote:
Local anecdotal evidence doesn't represent the United States as a whole.
reports across the country are similar.
Posted on 1/7/22 at 1:01 pm to Deactived
quote:
Biden Boom
Out of control Government spending and increases to welfare? Never going to stop with this guy in office
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News