[Narkeere]

Hrmm.. How come when uneployment goes down its BETTER then EXPECTED, and when it goes up its UNEXPECTED... I am curious what is EXPECTED.....

Anyway...

The economy needs twice as many net jobs per month to rapidly reduce unemployment. The rate has topped 9 percent in every month except two since the recession officially ended in June 2009.

We have the LOWEST particiapation in teh job market in over 25 years!!! WTF.. People just giving up looking for work, and Obama will come out today and say LOOOK UMEPLOYMENT IS DOWN!!!


lol...






WASHINGTON (AP) -- Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession a day after Wall Street posted its worst losses in nearly three years.

Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher.

The better-than-expected report gave stocks a small lift one day after the Dow Jones industrial average fell more than 500 points. The Dow jumped as much as 171 points when the market opened, but then erase most gains to rise only 31 points in early-morning trading.

"These numbers are not great," said Ian Shepherdson, an economist at High Frequency Economics, in a note to clients. "But they are a long way from recession territory."

News from The Associated Press

[TCjwwhcY]

How are those spending cuts and tax decreases working for you? Is it time to finally put the argument to rest that the way to create jobs is to lower taxes on high income earners and to cut spending? If the GOP got "98%" of what they wanted in the deficit package, are they responsible for 98% of the 500pt DOW drop yesterday?

[mikeyyuiok]

Hrmm.. How come when uneployment goes down its BETTER then EXPECTED, and when it goes up its UNEXPECTED... I am curious what is EXPECTED.....

Anyway...

The economy needs twice as many net jobs per month to rapidly reduce unemployment. The rate has topped 9 percent in every month except two since the recession officially ended in June 2009.

We have the LOWEST particiapation in teh job market in over 25 years!!! WTF.. People just giving up looking for work, and Obama will come out today and say LOOOK UMEPLOYMENT IS DOWN!!!


lol...






WASHINGTON (AP) -- Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession a day after Wall Street posted its worst losses in nearly three years.

Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher.

The better-than-expected report gave stocks a small lift one day after the Dow Jones industrial average fell more than 500 points. The Dow jumped as much as 171 points when the market opened, but then erase most gains to rise only 31 points in early-morning trading.

"These numbers are not great," said Ian Shepherdson, an economist at High Frequency Economics, in a note to clients. "But they are a long way from recession territory."

News from The Associated Press

It's a pretty simply philosophy, CSA. If you manage to lower expectations so much that pretty much anybody with a brain thinks "it can't possibly get any worse" then absolutely anything positive is, by definition, better than expected and anything negative is, also by definition, unexpected.

Again, the key to this whole thing is to make sure that expectations move continually lower and that they get smacked down every time they improve. Failure to do this results in a lot more "unexpected" stuff and that tends to make people feel bad about themselves.

[Unlopssesuj]

How the heck 9.1% unemployment is far from recession territory is baffling to me.

[Agrisalia]

How are those spending cuts and tax decreases working for you? Is it time to finally put the argument to rest that the way to create jobs is to lower taxes on high income earners and to cut spending? If the GOP got "98%" of what they wanted in the deficit package, are they responsible for 98% of the 500pt DOW drop yesterday?

As always. You refuse to acknowledge what got us to this point. Democrats and Republicans bent us all over and fucked us raw without so much as a reach around or lube. The 500pt DOW drop is the market attempting to correct itself. The current high that it's at now is illusory. We NEVER recovered. The spending has to go. It is time for America to pay its debts and focus on paying its debts. We are bankrupt Danny. That word may not mean anything to you but it means everything to Americans.

[Unlopssesuj]

How are those spending cuts and tax decreases working for you? Is it time to finally put the argument to rest that the way to create jobs is to lower taxes on high income earners and to cut spending? If the GOP got "98%" of what they wanted in the deficit package, are they responsible for 98% of the 500pt DOW drop yesterday?

So when did U.S. government spend less again?

[textarchive]

How the heck 9.1% unemployment is far from recession territory is baffling to me.

It's actually 16.1% Portal Seven | U6 Unemployment Rate

[cucceevevaind]

The U.S. Bureau of Labor and Statistics released their monthly report on unemployment this morning .. and it is still way too high!

This, of course, is to be expected as nothing is being done by anyone, Washington, domestic corporations, anyone, to enact the state-of-emergency action necessary to solve the problem.

As the current figures show, unemployed people are now dropping off the accounting charts!

Table T01

Table T08

And Table 4 Table 4. Persons not in the labor force by age, sex, race, Hispanic or Latino ethnicity, desire for work, prior job search, and availability
for work, June 2011 (Source: Current Population Survey)
(Numbers in thousands) (not available online). This table shows about 60% of the disaffected workers, etc., not considered in labor force but definitely wanting work, the remainder having dropped off the grid. Ask the BLS for this table, they will e-mail it to you .. and ask them why they don't just publish a link to it for all to see! The current 60% number of disaffected workers stands at 6,810,000) So, the BLS "official" unemployment rate: 9.092% .. compared to last period's 9.182%.
The True Unemployment Rate: 15.36% .. compared to last period's 15.71%.

The true unemployment rate is found by adding the disaffected worker count of 11,350,000 (calculating 100% using 6,810,000, the 60% figure as a base) to the labor force in table T01 (153,228,000), then dividing that into the sum of the disaffected worker count and the "officially" unemployed count of 13,931,000 from Table T01 .. = 15.36%

The total part time for economic and non-economic reasons count of 26,654,000 in T08 is down from the previous reporting period (27,022,000).

So what does this all mean?

The Civilian Labor Force dropped again, from 153,421,000 to 153,228,000, and the number of officially unemployed dropped from 14,087,000 to 13,931,000 .. and so did the number of employed people, dropping from 139,334,000 to 139,296,000.

So where did all our people go? Did they retire, join the military, get thrown in prison? The percentages are down more because the number of counted people is down than because the economy is rebounding (which it isn't).

No, what is logically most likely is that the BLS is no longer counting huge numbers of "discouraged workers", because for many of the past's 99-weekers who have long ago given up, many now homeless, they aren't available and reporting anymore to the BLS as their survey agreement with the BLS requires of them .. and thus the BLS agent's statement that the "discouraged workers" count they have is 60% of the actual is likely not true, as it may be quite a bit less than that.

Thus we simply don't have a true count of the total unemployed .. which is, logically, much higher than the 25,281,000 the BLS presents to us.

The government and the media just aren't presenting to the general public the numbers they have that truly shows that unemployment is way above 9.1% ..

.. And the government just doesn't have all the facts necessary to show that unemployment is likely way above the 15.36% figure we can indeed extrapolate from their woefully under-stated unemployment figures.

Nothing is improving here.

Nothing.

The problem is just hidden.

[Romobencience]

I think the government has enough data to realize employment sucks and there is a problem in the labor market. The real problem is the capacity to address the problem.

[Narkeere]

Obama said today that if we extend unemployments even more - I believe is 99 weeks currently - it will create jobs now..

Seriously that's his plan.. Borrow more and spend more...

How about this plan instead take less in income taxes from those who are working, and paying taxes. Cut all income tax rates by 20%, Cut all federal spending by 25%, and halt abusive regulation.

It will hurt washington and the country in the short term but will help in the long term. There is no quick fix to this ness that has taken us many years to create.

[Romobencience]

Extending unemployment does not create jobs. It can only slow the bleeding of jobs.

[Unlopssesuj]

I can employee 3 people for $250,000.00 of business a year. But there's the rub "$250,000.00 of business" not just $250,000.00 of handouts.

I'm in support of substantial unemployment benefits, but they can't go on forever. Unemployment benefits can keep people in a region so they don't have to leave to find work, it keeps folks in their homes a little longer but it doesn't improve the economy.

Heck, open more schools and training programs and give the unemployed loans they don't have to pay back until employed in a field they train in. We'll at least get an economic benefit out of opening and maintaining facilities along with employing instructors.

[Narkeere]

How are those spending cuts and tax decreases working for you? Is it time to finally put the argument to rest that the way to create jobs is to lower taxes on high income earners and to cut spending? If the GOP got "98%" of what they wanted in the deficit package, are they responsible for 98% of the 500pt DOW drop yesterday?

Things will never change when people like you just want to look at today. Te future is what matters. You want to blame bush and anyone else with a R by thief name but you don't want to fix the future.you want to tax and keep spending at the asinine levels we have seen the last 20 years.

The UNITED STATES IS BROKE, and BANKRUPT. it's a fact...

Spending must be cut and people need tax relief....

Cut tax rates 20% cut all spending 25% remove many deductions, and halt abusive federal regulations...

That is how we get out of the mess...

It will nevr happen, and we will face a collapse...

We just borrowed 2.5 trillion more with no clue how it or te other 14 trillion will be paid back.... We are spending more then We have coming in.. Qn what we have coming in will jot go up unless we confiscate more of the taxpayers money...

The problem is if you take more from bob he has less to pay Suzy and or buy from Larry.

[standaman]

How are those spending cuts and tax decreases working for you? Is it time to finally put the argument to rest that the way to create jobs is to lower taxes on high income earners and to cut spending? If the GOP got "98%" of what they wanted in the deficit package, are they responsible for 98% of the 500pt DOW drop yesterday?

What spending cuts??????

By the way we know how borrowing and spending worked out. Don't we.

[standaman]

I can employee 3 people for $250,000.00 of business a year. But there's the rub "$250,000.00 of business" not just $250,000.00 of handouts.

I'm in support of substantial unemployment benefits, but they can't go on forever. Unemployment benefits can keep people in a region so they don't have to leave to find work, it keeps folks in their homes a little longer but it doesn't improve the economy.

Heck, open more schools and training programs and give the unemployed loans they don't have to pay back until employed in a field they train in. We'll at least get an economic benefit out of opening and maintaining facilities along with employing instructors.

Interesting comment, they have been going on forever.

[Romobencience]

Borrowing and spending worked for Reagan.

The only real question is what is happening know that would change the equation so it wouldn't work.

[standaman]

Borrowing and spending worked for Reagan.

The only real question is what is happening know that would change the equation so it wouldn't work.

You forgot the biggest item "Tax Cuts"

This is what I mean. Remember JFK

‪Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13‬‏ - YouTube

[StizePypemype]

It's gonna get worse now

[Romobencience]

You forgot the biggest item "Tax Cuts"

This is what I mean. Remember JFK

‪Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13‬‏ - YouTube

Reagan combined spending and tax cuts to achieve the Keynesian strategy of increasing demand through debt spending.

Alternatively it didn't work as well for Bush or Obama.

So it helps to ask yourself how the government can push the economy so much for so long and see little to no sustainable growth for about a decade.

Blame Bush, blame Obama, I don't care. Personally I blame the fact that the US labor market has not been a good investment for about a decade.

[StizePypemype]

Reagan combined spending and tax cuts to achieve the Keynesian strategy of increasing demand through debt spending.

Alternatively it didn't work as well for Bush or Obama.

So it helps to ask yourself how the government can push the economy so much for so long and see little to no sustainable growth for about a decade.

Blame Bush, blame Obama, I don't care. Personally I blame the fact that the US labor market has not been a good investment for about a decade.

None of them caused a down grade in our rating. Obama has.