REPUBLICAN FAILURE: UNEMPLOYMENT RATE DROPS AND JOB CREATION IMPROVES

  • Posted by a hidden member.
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    Dec 02, 2011 2:30 PM GMT
    Despite republican efforts to destroy the economy and unseat Obama, Unemployment rate drops to 8.6%. 120,000 jobs created this month.

    http://bottomline.msnbc.msn.com/_news/2011/12/02/9164231-employment-growth-picked-up-speed-in-november-jobless-rate-fell-to-86-percent
  • CuriousJockAZ

    Posts: 19128

    Dec 02, 2011 2:57 PM GMT
    That's not surprising. Stores take on many part-time employees for the holiday shopping season. Watch it raise back up after the holidays. It usually always does
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    Dec 02, 2011 3:05 PM GMT
    CATFISH FAILURE
  • CuriousJockAZ

    Posts: 19128

    Dec 02, 2011 3:37 PM GMT
    mocktwinkie saidCATFISH FAILURE




    LOL ^^^ This ^^^ icon_lol.gif
  • HndsmKansan

    Posts: 16311

    Dec 02, 2011 3:53 PM GMT
    CuriousJockAZ saidThat's not surprising. Stores take on many part-time employees for the holiday shopping season. Watch it raise back up after the holidays. It usually always does


    True statement, but in this case the story is much more... holiday hiring is only a part of what happened here. It's good news. No reason to place blame (on republicans).. lets just cheer the news and try (if possible) to leave politics out of it for about 30 seconds.
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    Dec 02, 2011 3:59 PM GMT
    HndsmKansan said
    CuriousJockAZ saidThat's not surprising. Stores take on many part-time employees for the holiday shopping season. Watch it raise back up after the holidays. It usually always does


    True statement, but in this case the story is much more... holiday hiring is only a part of what happened here. It's good news. No reason to place blame (on republicans).. lets just cheer the news and try (if possible) to leave politics out of it for about 30 seconds.


    It is good news and the conservsaposse know it. They just wont admit it.
  • CuriousJockAZ

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    Dec 02, 2011 4:06 PM GMT
    catfish5 said

    It is good news and the conservsaposse know it. They just wont admit it.



    Of course it's good news...any drop in the unemployment rate is considered good news. I merely made the valid point that part of the drop is due to holiday hiring, and that this drop would likely be short-lived. I hope I'm wrong.
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    Dec 02, 2011 4:08 PM GMT
    CuriousJockAZ said
    catfish5 said

    It is good news and the conservsaposse know it. They just wont admit it.



    Of course it's good news...any drop in the unemployment rate is considered good news. I merely made the valid point that part of the drop is due to holiday hiring, and that this drop would likely be short-lived. I hope I'm wrong.


    What if you are correct and the improved economy gets obama re elected. Will you be jumping for joy?
  • CuriousJockAZ

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    Dec 02, 2011 4:14 PM GMT
    catfish5 said
    What if you are correct and the improved economy gets obama re elected. Will you be jumping for joy?



    I wouldn't get too excited just yet. The economy has a very long way to go before it's even close to being back in good health. That being said, at the end of the day I will be comfortable with a President Romney, President Gingrich, and yes, even a re-elected President Obama IF that is who America chooses --- and I will support them and hope they succeed. The only candidate that would have me "jumping for Joy" would be a President Huntsman, but not holding my breath on that happening.
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    Dec 02, 2011 4:22 PM GMT
    revised job numbers 4 Sept/Oct show an additional 72,000 jobs created. thus it appears that this is (hopefully) a trend rather than a holiday hiring bump.

    http://finance.yahoo.com/news/jobless-rate-drops-8-6-133402269.html
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    Dec 02, 2011 4:23 PM GMT
    CuriousJockAZ said
    catfish5 said
    What if you are correct and the improved economy gets obama re elected. Will you be jumping for joy?



    I wouldn't get too excited just yet. The economy has a very long way to go before it's even close to being back in good health. That being said, at the end of the day I will be comfortable with a President Romney, President Gingrich, and yes, even a re-elected President Obama IF that is who America chooses --- and I will support them and hope they succeed. The only candidate that would have me "jumping for Joy" would be a President Huntsman, but not holding my breath on that happening.


    So if hiring soars, unemployment continues to drop sharply, obama gets re elected, and bush tax cuts get repealed, you will be thrilled?
  • CuriousJockAZ

    Posts: 19128

    Dec 02, 2011 4:35 PM GMT
    catfish5 said

    So if hiring soars, unemployment continues to drop sharply, obama gets re elected, and bush tax cuts get repealed, you will be thrilled?


    Would be thrilled if hiring soars and unemployment continues to drop sharply -- though I'm not sure even the most respected economists in the country are predicting that happening anytime soon, and certainly not before the election, but one can hope for as miracle. Would not be thrilled with Obama being re-elected, but I could live with that and be okay with it. I would not be thrilled whatsoever with the Bush tax cuts getting repealed. I definitely think it's not the right time to be raising taxes on ANYONE and that the focus should be on tax reform and spending cuts.
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    Dec 02, 2011 6:28 PM GMT
    southbeach1500 saidActually, these numbers are disastrous.

    Based on these numbers, if the addition of 120,000 jobs results in almost a 0.5% drop in the unemployment rate, we would be at full employment (i.e. 0% unemployment) by just adding approximately 2 million more jobs (120,000 x 16.5).

    Are we at the point where we only have 2 million people unemployed with the rest being "permanently unemployed?"


    And now, rewritten in Catfish style:

    ACTUALLY, THESE NUMBERS ARE DISASTROUS.

    BASED ON THESE NUMBERS, IF THE ADDITION OF 120,000 JOBS RESULTS IN ALMOST A 0.5% DROP IN THE UNEMPLOYMENT RATE, WE WOULD BE AT FULL EMPLOYMENT (I.E. 0% UNEMPLOYMENT) BY JUST ADDING APPROXIMATELY 2 MILLION MORE JOBS (120,000 X 16.5).

    ARE WE AT THE POINT WHERE WE ONLY HAVE 2 MILLION PEOPLE UNEMPLOYED WITH THE REST BEING "PERMANENTLY UNEMPLOYED?"


    Thanks for the FAUX NEWS style homecooking
  • rioriz

    Posts: 1056

    Dec 02, 2011 6:43 PM GMT
    It would be wrong to look at the unemployment rate only by using the jobless claims in the first place. What about those who have jobs but are UNDEREMPLOYED. Which means they have a job not paying enough to make a dent in their daily living needs. What about those who have given up looking for jobs? I would love to see the numbers in regards to SSI and have applications risen?

    Just being real, I work in the environment where I hear peoples struggles in finding enough emplyment and there are a vast majority that have given up and have not even tried to look. Many only start looking when unemployment dries up. I may be biased but that kind of stuff really grinds my nerves. There are people who really need the system and there are people who abuse it and I wish there was a better way to distinguish the two. The only real option it seems is to stop extending the unemployment checks...
  • Posted by a hidden member.
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    Dec 02, 2011 7:30 PM GMT
    Why are people dropping out of the labor force?
    Because baby boomers are retiring, and those <25 years old are staying in school longer.
    Interestingly, those 55+ are working LONGER, probably because they are healthier. Trend started in the 1990s.
    http://www.washingtonpost.com/blogs/ezra-klein/post/why-are-people-dropping-out-of-the-labor-force/2011/12/02/gIQAfJLuKO_blog.html#excerpt
    (And no, it started earlier this decade, and accelerated during the recession)
    labor%20force%20participation.jpg?uuid=0