[AromeWahmaron]

Unemployment falls to 9 pct., nearly 2-year low - Yahoo! Finance

The unemployment rate is sinking at the fastest pace in half a century because a surprisingly large number of people say they're finding work.

The unemployment rate dropped sharply last month to 9 percent, based on a government survey that found that more than a half-million people found work. A separate Labor Department survey of company payrolls showed 36,000 net jobs created -- barely a quarter of the number needed to keep pace with population growth. Good job Obama!!!!!! Stimulus hard at work and something to campaign on in '12. BOOM!

[samanthalueus]

I guess you missed this in the rush to proclaim victory:

A separate Labor Department survey of company payrolls showed 36,000 net jobs created -- barely a quarter of the number needed to keep pace with population growth.

[rockboyzaza]

You fail to look at the fact that gallup shows the next report will most likeley rise back again to 9.8%

You know THIS THREAD you ignored yesterday??

http://www.uspoliticsonline.com/brea...ary-9-8-a.html

[AromeWahmaron]

I guess you missed this in the rush to proclaim victory:

A separate Labor Department survey of company payrolls showed 36,000 net jobs created -- barely a quarter of the number needed to keep pace with population growth.

Or what about when he created 150K jobs and the number stayed the same? You can't have it both ways. Jump on him for the weak jobs when the employment number falls down a lot and jump on him for the employment number not budging even though he created 150K jobs.

151,000 jobs created in October, but unemployment stays at 9.6 percent | Marketplace From American Public Media

of the fact that gallup shows the next report will most likeley rise back again to 9.8%

Talk to me when the results are in. If the economy regresses I have no problem admitting Obama's fault.

[rockboyzaza]

Or what about when he created 150K jobs and the number stayed the same? You can't have it both ways. Jump on him for the weak jobs when the employment number falls down a lot and jump on him for the employment number not budging even though he created 150K jobs.

151,000 jobs created in October, but unemployment stays at 9.6 percent | Marketplace From American Public Media




Talk to me when the results are in. If the economy regresses I have no problem admitting Obama's fault.

lol, you will blame republicans.. btw how did OBAMA create any jobs? I am just curious to hear this..

In fact by being in contempt of court he has actually COST jobs, and created higher oil prices..

[WaicurtaitfuT]

any unemployment percentages should be taken with a grain of salt as the situation we are in is unprecedented. i'm sure everyone in this thread already knows that once workers stop looking for work, they are no longer factored into the unemployment calculation. when you combine this fact with the situation we've been in for the last couple of years, this drop in the unemployment rate CANNOT be looked at in the same way as it has been historically.

[samanthalueus]

Or what about when he created 150K jobs and the number stayed the same? You can't have it both ways. Jump on him for the weak jobs when the employment number falls down a lot and jump on him for the employment number not budging even though he created 150K jobs.

151,000 jobs created in October, but unemployment stays at 9.6 percent | Marketplace From American Public Media

Job creation is a good thing. Your rush to declare victory without even understanding what you've quoted isn't.

The old Danny actually thought about his posts.

Talk to me when the results are in. If the economy regresses I have no problem admitting Obama's fault.

It's never happened yet, but I guess it is possible.

Matt

[baritkello]

Unemployment falls to 9 pct., nearly 2-year low - Yahoo! Finance



Good job Obama!!!!!! Stimulus hard at work and something to campaign on in '12. BOOM!

Woo Hooo, got a bunch of those troublesome 99 weekers off the roles so they aren't counted anymore !!! That'll do wonders for the campaign in '12 .

[baritkello]

Or what about when he created 150K jobs and the number stayed the same? You can't have it both ways. Jump on him for the weak jobs when the employment number falls down a lot and jump on him for the employment number not budging even though he created 150K jobs.

He did, 150,000 it's a miracle. What jobs were those again? What about the 1,600,000 (or so) first time jobless claims in October?

[WaicurtaitfuT]

this is a much better assessment of the job situation: America's jobless recovery: So this is the new year? | The Economist

it only mentions the unemployment rate in the context of explaining why it can be misleading.

[AliceFromHouston]

Relying on monthly unemployment numbers is stupid, for all the obvious reasons. I remember in 2005 when I was posting monthly employment numbers as a satire of Democrats who had just spent an entire election saying Bush had lost millions of jobs, and yet went silent when all those jobs were recovered and added on to.

And I have to say whenever I hear a govt statistic I think of the russians. "lets say the unemployment rate is 10% this month, then next month we'll say its 9% and claim it fell at the fastest rate in 53 years! the people will love us, comrades!"

[WaicurtaitfuT]

And I have to say whenever I hear a govt statistic I think of the russians. "lets say the unemployment rate is 10% this month, then next month we'll say its 9% and claim it fell at the fastest rate in 53 years! the people will love us, comrades!"

yeah but it's not like the BLS is just putting these numbers out because they think it will make the government look good. they publish the numbers regardless.

[nanyaHgoc]

Or what about when he created 150K jobs and the number stayed the same?

What about it? Unemployment can easily be manipulated by creating government jobs. If this is being done then unemployment figures become even more worthless than they were before that. Example: hire 100% of the unemployed to come into an office and sit on their asses all day long. You'll probably get near-0% unemployment and your economy will be even more fucked than it was before that. And of course unemployment figures themselves don't count all of the unemployed, but rather just the unemployed who fit certain criteria (like looking for work for example).

Generally speaking, people who don't have their heads up their asses don't place much value in unspecific figures labeled simply as "unemployment." Fortunately for the 0, Obama's followers consist of people who keep their heads far up there.

[AromeWahmaron]

And I have to say whenever I hear a govt statistic I think of the russians. "lets say the unemployment rate is 10% this month, then next month we'll say its 9% and claim it fell at the fastest rate in 53 years! the people will love us, comrades!"

Except that here there is free press and the rate actually did fall to 9%.

[AromeWahmaron]

What about it? Unemployment can easily be manipulated by creating government jobs.

We are always talking about private sector jobs.

[nanyaHgoc]

We are always talking about private sector jobs.

So that unemployment figure counts those working for the government as the unemployed?

[AromeWahmaron]

No I mean the distinction is always made weather new jobs being created in a month are private or public and the public jobs are usually sort of an afterthought because the private jobs are what matters. It's why the 300K census jobs didnd't really matter that much.

[WaicurtaitfuT]

No I mean the distinction is always made weather new jobs being created in a month are private or public and the public jobs are usually sort of an afterthought because the private jobs are what matters. It's why the 300K census jobs didnd't really matter that much.

no it isn't. the 300k census jobs didn't matter much because they were only temporary. if they had been permanent they would have definitely mattered a lot more.

[mikapoq]

lol, you will blame republicans.. btw how did OBAMA create any jobs? I am just curious to hear this..

In fact by being in contempt of court he has actually COST jobs, and created higher oil prices..

Here folks, we have a great job of passing bullshit off as some kind of truth. Show me one judge that has ruled a sitting president as being in 'contempt of court'. Show me one president, any, that has created higher oil prices.

You can't, you post half-truths, misinterpretations, and fantasy as truth.

[janeloveslifenow]

Or what about when he created 150K jobs and the number stayed the same? You can't have it both ways. Jump on him for the weak jobs when the employment number falls down a lot and jump on him for the employment number not budging even though he created 150K jobs.

Danny, when things are good, you give all the credit to Obama. When thigns are bad, you blame Republicans. For someone who always insists that he's "non-partisan", you're one of the most partisan people here. You can't have it both ways...

Talk to me when the results are in. If the economy regresses I have no problem admitting Obama's fault.