What A Shocker! Unemployment Spikes Higher

  • Posted by a hidden member.
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    Dec 06, 2012 7:18 PM GMT
    Interesting that there was a trough for just the month immediately prior to the election....

    bi_4zh5lhk-v_umpdcaeng.gif
  • Posted by a hidden member.
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    Dec 06, 2012 7:51 PM GMT
    I think the fiscal cliff has something to do with it, wouldn't you agree?


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    Dec 06, 2012 9:39 PM GMT
    No, it's called "Hurricane Sandy." icon_lol.gif
    http://www.marketwatch.com/story/how-to-read-the-sandy-impacted-jobs-report-2012-12-06?link=MW_latest_newsEconomists believe the disruption caused by Hurricane Sandy slashed net job growth in November by more than half compared to the prior month, making it virtually impossible to figure out whether U.S. hiring trends got better or worse. They say it might take another month or two of jobs data before they can backfill and figure out how much the storm hurt hiring.

    And I would wait for the official numbers for Nov.
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    Dec 06, 2012 9:43 PM GMT

    "And I would wait for the official numbers for Nov."

    lol, what, you mean facts? Southbeach (DQM) hates those.
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    Dec 07, 2012 12:35 AM GMT
    Obviously, it's part and parcel of Obama's conspiracy with the BLS to help him win the election. icon_lol.gif
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    Dec 07, 2012 5:16 AM GMT
    uiclaims_storm.png
  • Posted by a hidden member.
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    Dec 07, 2012 5:18 AM GMT
    I'll take that over Greece's 26% and Spain's 24% unemployment rates.

    (not that we shouldn't strive for improvement!)
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    Dec 07, 2012 1:58 PM GMT
    DontQuoteMe saidInteresting that there was a trough for just the month immediately prior to the election....





    just released, it has fallen to 7.7% and 146,000 new jobs were added.
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    Dec 07, 2012 2:48 PM GMT
    http://money.cnn.com/2012/12/07/news/economy/november-jobs-report/?hpt=hp_t1

    Sept/Oct have been revised downwards by 49000.
    Lol, yet more evidence of BLS in cahoots with Obama for winning his reelection.

    And I bet you the reconstruction due to Sandy will add even more jobs in the coming months.
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    Dec 07, 2012 3:10 PM GMT
    "November Jobs Report: Hiring Up, Unemployment Rate Falls -- Despite Sandy"

    The Associated Press is in on this too.

    DontQuoteMe, keep us informed of more updates on the conspiracy to get President Obama reelected.

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    Dec 07, 2012 5:57 PM GMT
    dudewithabeard said
    DontQuoteMe saidInteresting that there was a trough for just the month immediately prior to the election....





    just released, it has fallen to 7.7% and 146,000 new jobs were added.



    number of people out of the labor increased by over 540K

    LAbor%20Force%20Participation.jpg
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    Dec 07, 2012 5:58 PM GMT
    And one can thank continued government job cuts for that revision downwards in Sept/Oct (which is what every conservative wants, right?)

    http://www.bbc.co.uk/news/business-20644187Moreover, the relatively good news for November was offset by the BLS's decision to downwardly revise the jobs figures for the preceding two months by a cumulative total of 49,000.

    The October figure - which was originally reported just before the elections as 171,000, prompting some Republican supporters to suggest that the numbers had been manipulated - has been cut in the latest estimate to 138,000.

    However, the reduction in the October figure was actually entirely due to public sector jobs cuts - mainly at the state and local government level - being 35,000 higher than originally estimated.
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    Dec 07, 2012 6:11 PM GMT
    DontQuoteMe said
    dudewithabeard said
    DontQuoteMe saidInteresting that there was a trough for just the month immediately prior to the election....





    just released, it has fallen to 7.7% and 146,000 new jobs were added.



    number of people out of the labor increased by over 540K

    LAbor%20Force%20Participation.jpg


    But this chart goes through January 2012 and the point of your thread was to claim that unemployment increased from October 2012 to November 2012.
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    Dec 07, 2012 6:18 PM GMT
    DontQuoteMe said
    dudewithabeard said
    DontQuoteMe saidInteresting that there was a trough for just the month immediately prior to the election....





    just released, it has fallen to 7.7% and 146,000 new jobs were added.



    number of people out of the labor increased by over 540K

    LAbor%20Force%20Participation.jpg

    How about you use a graph that isn't from almost a year ago? Also, source citation would be good cuz anyone can make a graph. Nice try though.
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    Dec 07, 2012 6:19 PM GMT
    http://www.bls.gov/news.release/empsit.nr0.htm
    The civilian labor force participation rate declined by 0.2 percentage point to 63.6 percent
    in November, offsetting an increase of the same amount in October. Total employment was
    about unchanged in November, following a combined increase of 1.3 million over the prior
    2 months. The employment-population ratio, at 58.7 percent, changed little
    in November. (See table A-1.)
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    Dec 07, 2012 8:23 PM GMT
    73% of new jobs created in last 5 months were government jobs. Those jobs are not economy stimulating jobs but economy draining jobs.

    We would be better off without those jobs.


    In June, a total of 142,415,000 people were employed in the U.S, including 19,938,000 who were employed by federal, state and local governments.

    In November,,the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.

    In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.

    Source: BLS
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    Dec 07, 2012 11:18 PM GMT
    http://cnsnews.com/news/article/73-new-jobs-created-last-5-months-are-government

    Some people at these blog sites should really stop posting when they don't have the right data. Scroll to the bottom for governmental employment:

    http://www.bls.gov/ces/ceseeb1a.htm
    http://www.bls.gov/ces/ceseesummary.htm

    and tell me if you see a marked difference between June and Nov.

    They are probably using the unadjusted (seasonal) data:

    http://www.bls.gov/ces/ceseeb1b.htm

    and somebody noticed they were comparing survey data and hard payroll data. Hardly the same thing.

    The dip in state educational employment in June and July, you'll notice, is probably related to summer vacation for high schools. icon_lol.gif

    For a graph, scroll to the end of this pdf:

    http://www.bls.gov/web/empsit/ceshighlights.pdf

    (but who am I to disillusion the hard-baked conspiracy theories of SB?)
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    Dec 08, 2012 8:22 AM GMT
    DontQuoteMe said73% of new jobs created in last 5 months were government jobs. Those jobs are not economy stimulating jobs but economy draining jobs.

    We would be better off without those jobs.


    In June, a total of 142,415,000 people were employed in the U.S, including 19,938,000 who were employed by federal, state and local governments.

    In November,,the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.

    In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.

    Source: BLS



    Your ongoing civic passion is intriguing by your attempt to continually present various matters beset the national community.

    In this instance: exactly what have you done and/or are doing to decrease unemployment in your community?
  • roadbikeRob

    Posts: 14341

    Dec 08, 2012 10:28 PM GMT
    B787 said
    DontQuoteMe said73% of new jobs created in last 5 months were government jobs. Those jobs are not economy stimulating jobs but economy draining jobs.

    We would be better off without those jobs.


    In June, a total of 142,415,000 people were employed in the U.S, including 19,938,000 who were employed by federal, state and local governments.

    In November,,the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.

    In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.

    Source: BLS



    Your ongoing civic passion is intriguing by your attempt to continually present various matters beset the national community.

    In this instance: exactly what have you done and/or are doing to decrease unemployment in your community?
    He is blowing smoke out of his right wing ass, poisoning the air with anti-Obama propaganda. Go figure.