Unemployment up a notch to 7.9%. Upward revisions to Nov and Dec numbers.

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    Feb 01, 2013 2:50 PM GMT
    Not all bad news when you factor in the upward revision to November and December numbers.

    http://www.huffingtonpost.com/2013/02/01/january-jobs-report-unemployment-rate_n_2597751.html

    "One notable change in the job market is the stronger contribution from construction firms. They added 28,000 jobs in January and nearly 100,000 in the past four months. The gains are consistent with a rebound in home construction and a broader recovery in housing."
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    Feb 01, 2013 4:42 PM GMT
    Those guys at BLS sure had Obama's reelection in mind...NOT!icon_lol.gif
    http://www.bls.gov/news.release/empsit.nr0.htm
    The change in total nonfarm payroll employment for November was revised from +161,000 to +247,000, and the change for December was revised from +155,000 to +196,000.
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    Feb 01, 2013 4:53 PM GMT
    q1w2e3 saidThose guys at BLS sure had Obama's reelection in mind...NOT!icon_lol.gif
    http://www.bls.gov/news.release/empsit.nr0.htm
    The change in total nonfarm payroll employment for November was revised from +161,000 to +247,000, and the change for December was revised from +155,000 to +196,000.


    What would numbers released the end of November and end of December have to with election day 2012?
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    Feb 01, 2013 4:58 PM GMT
    freedomisntfree said
    q1w2e3 saidThose guys at BLS sure had Obama's reelection in mind...NOT!icon_lol.gif
    http://www.bls.gov/news.release/empsit.nr0.htm
    The change in total nonfarm payroll employment for November was revised from +161,000 to +247,000, and the change for December was revised from +155,000 to +196,000.


    What would numbers released the end of November and end of December have to with election day 2012?


    If they were way worse on revision, guess what the losing side would have said?
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    Feb 01, 2013 5:00 PM GMT
    q1w2e3 said
    freedomisntfree said
    q1w2e3 saidThose guys at BLS sure had Obama's reelection in mind...NOT!icon_lol.gif
    http://www.bls.gov/news.release/empsit.nr0.htm
    The change in total nonfarm payroll employment for November was revised from +161,000 to +247,000, and the change for December was revised from +155,000 to +196,000.


    What would numbers released the end of November and end of December have to with election day 2012?


    If they were way worse on revision, guess what the losing side would have said?


    They were significantly worse given that 8% was a benchmark - despite the fact the workforce participation rate has significantly dropped.
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    Feb 01, 2013 6:06 PM GMT
    q1w2e3 said
    freedomisntfree said
    q1w2e3 saidThose guys at BLS sure had Obama's reelection in mind...NOT!icon_lol.gif
    http://www.bls.gov/news.release/empsit.nr0.htm
    The change in total nonfarm payroll employment for November was revised from +161,000 to +247,000, and the change for December was revised from +155,000 to +196,000.


    What would numbers released the end of November and end of December have to with election day 2012?


    If they were way worse on revision, guess what the losing side would have said?


    What exactly is it that you want to argue about?
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    Feb 01, 2013 9:21 PM GMT
    I'm just saying, it's clear the people like Jack Welch (and echoed by numerous others) have no idea what they are talking about.
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    Feb 01, 2013 9:35 PM GMT
    q1w2e3 saidI'm just saying, it's clear the people like Jack Welch (and echoed by numerous others) have no idea what they are talking about.


    Except apparently they did. 8% was a psychological threshold. Look at what the number would be after you factor in the changes to the workforce participation rate. It's pretty simple math.
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    Feb 01, 2013 9:38 PM GMT
    riddler78 said
    q1w2e3 saidI'm just saying, it's clear the people like Jack Welch (and echoed by numerous others) have no idea what they are talking about.


    Except apparently they did. 8% was a psychological threshold. Look at what the number would be after you factor in the changes to the workforce participation rate. It's pretty simple math.


    Then you want to compare apples and oranges. Understood.
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    Feb 01, 2013 9:42 PM GMT
    q1w2e3 said
    riddler78 said
    q1w2e3 saidI'm just saying, it's clear the people like Jack Welch (and echoed by numerous others) have no idea what they are talking about.


    Except apparently they did. 8% was a psychological threshold. Look at what the number would be after you factor in the changes to the workforce participation rate. It's pretty simple math.


    Then you want to compare apples and oranges. Understood.


    Heh - only if you don't know how to do math.
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    Feb 02, 2013 3:40 PM GMT
    The BLS revises numbers as data comes in. To accuse them of doctoring the numbers because they don't suit you is just partisan.

    Again, if they were really gunning for Obama's reelection, they are really not doing their job:

    http://mediamatters.org/blog/2013/02/01/employment-numbers-revised-but-not-the-way-the/192485More interesting in the report, however, were the revisions to previously estimated jobs data. The number of jobs was revised upward for every month in 2012 except August and July. Overall, the revisions showed a net increase in the number of jobs when compared to initial estimates.

    Furthermore, over-the-month changes in total employment were revised upwards in the months leading up to the election. Over-the-month changes for September, October, and November were revised upward by 6,000, 23,000, and 86,000 jobs, respectively.
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    Feb 02, 2013 3:53 PM GMT


    *laughs reading the topic while Riddie busily offshores US jobs*
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    Nov 28, 2013 6:47 PM GMT
    Hmmm.... another developing scandal?
    http://www.forbes.com/sites/peterferrara/2013/11/27/did-the-bls-give-obama-a-major-election-2012-gift/
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    Nov 28, 2013 6:48 PM GMT
    meninlove said

    *laughs reading the topic while Riddie busily offshores US jobs*


    Another example of how stupid you are. icon_wink.gif
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    Nov 28, 2013 7:01 PM GMT
    Aristoshark said
    riddler78 said
    meninlove said

    *laughs reading the topic while Riddie busily offshores US jobs*


    Another example of how stupid you are. icon_wink.gif

    Oh the irony of you calling anyone else stupid. Sarah Palin is smarter than you. At least she gets paid for spouting idiocy. You do it for free.


    Oh I have no doubt that Sarah Palin could very well be smarter than me. You on the other hand, are just as smart as my dear old friend meninlove whose intellectual curiosity is rivaled by no one I know. One day you might get a clue - and maybe even friends but today apparently isn't that day icon_lol.gif
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    Nov 28, 2013 7:03 PM GMT
    Unemployment up a notch to 7.9%. Upward revisions to Nov and Dec numbers.

    Where were the reports of all these incremental "notches" upward when Bush was in office? And when the economy was totally tanking?

    Oh, wait, let me guess: a White Republican was in the White House, and now it's a Black Democrat.

    So that now you give us constant updates every time there's a slight downward blip.

    How about the fact that the US stock market overall is at record highs? And employment is also higher today. Versus when Republican Bush left office. Kinda overlooked those facts, didn't you? icon_razz.gif
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    Nov 28, 2013 7:08 PM GMT
    ART_DECO saidUnemployment up a notch to 7.9%. Upward revisions to Nov and Dec numbers.

    Where were the reports of all these incremental "notches" upward when Bush was in office? And when the economy was totally tanking?

    Oh, wait, let me guess: a White Republican was in the White House, and now it's a Black Democrat.

    So that now you give us constant updates every time there's a slight downward blip.

    How about the fact that the US stock market overall is at record highs? And employment is also higher today. Versus when Republican Bush left office. Kinda overlooked those facts, didn't you? icon_razz.gif


    Out of date and out of touch as always icon_rolleyes.gif. Keep being you ArtDeco icon_rolleyes.gif
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    Nov 28, 2013 7:47 PM GMT
    riddler78 said
    Aristoshark said
    riddler78 said
    meninlove said

    *laughs reading the topic while Riddie busily offshores US jobs*


    Another example of how stupid you are. icon_wink.gif

    Oh the irony of you calling anyone else stupid. Sarah Palin is smarter than you. At least she gets paid for spouting idiocy. You do it for free.


    Oh I have no doubt that Sarah Palin could very well be smarter than me. You on the other hand, are just as smart as my dear old friend meninlove whose intellectual curiosity is rivaled by no one I know. One day you might get a clue - and maybe even friends but today apparently isn't that day icon_lol.gif


    Oh yes, that brainy Sarah Palin. icon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gif

    ""I love America but as long as Obamacare is the law, every time I need to visit the doctor or buy medicine, I'm just gonna head across the Alaska border to Canada. At least Canada has the kind of efficient, cost-effective health care that conservatives can support."

    Uh....Sarah, it's socialized medicine up here. icon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gif

    ...about as bright as Riddler.


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    Nov 28, 2013 8:57 PM GMT
    meninlove said
    riddler78 said
    Aristoshark said
    riddler78 said
    meninlove said

    *laughs reading the topic while Riddie busily offshores US jobs*


    Another example of how stupid you are. icon_wink.gif

    Oh the irony of you calling anyone else stupid. Sarah Palin is smarter than you. At least she gets paid for spouting idiocy. You do it for free.


    Oh I have no doubt that Sarah Palin could very well be smarter than me. You on the other hand, are just as smart as my dear old friend meninlove whose intellectual curiosity is rivaled by no one I know. One day you might get a clue - and maybe even friends but today apparently isn't that day icon_lol.gif


    Oh yes, that brainy Sarah Palin. icon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gif

    ""I love America but as long as Obamacare is the law, every time I need to visit the doctor or buy medicine, I'm just gonna head across the Alaska border to Canada. At least Canada has the kind of efficient, cost-effective health care that conservatives can support."

    Uh....Sarah, it's socialized medicine up here. icon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gif

    ...about as bright as Riddler.




    As noted, and as repeatedly demonstrated, Sarah Palin *is* brainy particularly when compared to you. icon_wink.gif
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    Nov 29, 2013 7:03 AM GMT
    Aristoshark said
    riddler78 saidOh I have no doubt that Sarah Palin could very well be smarter than me.

    So we now have you on record as admitting that you are the stupidest person in the Western Hemisphere, since she is the second-stupidest.


    *for the first time in RJ history, completely floored*
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    Nov 29, 2013 9:10 AM GMT
    meninlove said
    Aristoshark said
    riddler78 saidOh I have no doubt that Sarah Palin could very well be smarter than me.

    So we now have you on record as admitting that you are the stupidest person in the Western Hemisphere, since she is the second-stupidest.


    *for the first time in RJ history, completely floored*


    Lol - you two beclown yourselves yet again. How you two must preen and stare at yourselves in the mirror to whisper sweet nothings. icon_lol.gif
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    Nov 29, 2013 2:44 PM GMT
    Aristoshark saidCan't spin this one away, dumbass. You admitted that you're less smart than Sarah Palin. She is known to be among the very stupidest humans alive. You admitted it; now you own it.


    Oh yes, "known". What a fool you are - if she's among the very stupidest humans alive, that puts you a particularly unique subset. icon_wink.gif
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    Nov 29, 2013 4:16 PM GMT