Payrolls in U.S. Rise 173,000 as Jobless Rate Falls to 5.1%

[SlevinKelevra]

Sorry... I meant 110,000,000 Americans... pulling at the welfare teat. If 35.4% of the population on welfare doesn't disturb you, what factor would...?

You're missing the point. I'm saying the # is ALREADY MUCH larger using the metric as you are defining it. It's just that you don't like including yourself.

 

[Riveroaks]

There is a lot of good macro economic analysis and discussion in this thread.

The main thing that you are all missing is that the multi year data are not comparable because the current reported figures are not reliable.

Bottom line is that the anemic recovery churns onwards, and in another few years things may be completely improved again.

This does not help the older folks of the baby boom who have been forced to retire early into poverty due to unrelenting unemployment for the past 7 years since the crash of 2008. Their timing was just bad. They were born at a very bad time in history.

 

[PeteEU]

If you want the REAL unemployment rate you need to double whatever is being reported.

So the REAL rate is closer to 10% right now.

We are in an anemic recovery from a massive financial meltdown caused by speculation in real estate and on Wall Street.

It has been 7 years now since the crash of 2008.

Predictions at that time were for 5 to 10 years in order to fully recover.

We are half way through those 5 to 10 years.

3 more years should do it -- hopefully.

Naw it is much more.. all those slackers and welfare suckers over 67 need to be counted and anyone under 15 that can walk.. that is your true unemployment number in a capitalistic society.

 

[Riveroaks]

Naw it is much more.. all those slackers and welfare suckers over 67 need to be counted and anyone under 15 that can walk.. that is your true unemployment number in a capitalistic society.

Well there is a difference between unemployed and unemployable.

The dope smoking beer drinking crack smoking boinking illiterate teenaged youth that grow up in America will have problems for their entire lives.

But that is not a function of macro economic analysis.

Unemployment is the ratio of job seekers who cannot find work divided by the total potential work force -- not counting the unemployable.

 

[Conservative]

I'm not sure I'm concerned with a number of that magnitude, but with that said, have you ever taken a "home mortgage interest deduction" aka a "subsidy" or "welfare" as you like to call it?

Mortgage interest deduction is allowing people to keep more of their money. Welfare is a transfer of dollars to someone else

 

[PeteEU]

Well there is a difference between unemployed and unemployable.

The dope smoking beer drinking crack smoking boinking illiterate teenaged youth that grow up in America will have problems for their entire lives.

But that is not a function of macro economic analysis.

Unemployment is the ratio of job seekers who cannot find work divided by the total potential work force -- not counting the unemployable.

Yes.. and 67+ years old can work and under 15s can work as well. Children in the 3rd world work as soon as they can walk (some before)..so why not in the west?

 

[Riveroaks]

Yes.. and 67+ years old can work and under 15s can work as well. Children in the 3rd world work as soon as they can walk (some before)..so why not in the west?

Don't kid yourself, kid. 67 is still young.

So is 75.

80 is "old."

 

[mmi]

the number of people cited as welfare collectors in 2013 was 35.4%, or almost 110 Americans.

Cited? Yeah, cited by Cybercast News Service, owned by Media Research Center, Bozell the Clown's playground. They generate that crap stat on a regular basis.

It includes all members of a household in which any member receives a benefit such as Medicaid. So when I was looking after my elderly disabled mom several years ago, because she qualified for Medicaid, I was included in this count of "welfare recipients."

In general, that figure is greatly exaggerated because many of those included are children and the elderly. The ugly truth behind this right-wing propaganda is the willingness to leave children and senior citizens in low-income households without health insurance and adequate nutrition.

Many adults who are insured through Medicaid or who receive a SNAP benefit (often a very small amount) are employed. Raising the minimum wage would end a lot of this subsidization of businesses that employ large numbers of low-wage workers.

 

[mmi]

pulling at the welfare teat.

Ahh, another lactose-obsessed poster. Suck, suck, suck, tit, tit, tit. Quite the riot.

 

[pinqy]

Well there is a difference between unemployed and unemployable.

The dope smoking beer drinking crack smoking boinking illiterate teenaged youth that grow up in America will have problems for their entire lives.

But that is not a function of macro economic analysis.

Unemployment is the ratio of job seekers who cannot find work divided by the total potential work force -- not counting the unemployable.

Wait, so you're saying the official rate, jobseekers as a percent of jobseekers and employed OVERESTIMATES the real rate because it doesn't include the "potential " labor force?

That's a first for me

 

[Conservative]

Wait, so you're saying the official rate, jobseekers as a percent of jobseekers and employed OVERESTIMATES the real rate because it doesn't include the "potential " labor force?

That's a first for me

So tell me, pinqy, do you think Obama had done a good job in managing the U.S. economy and that the current 10.3% U-6 rate is something supporters expected at this time in his Presidency? Was Obama hired to generate the economic results we have today?

 

[Riveroaks]

Wait, so you're saying the official rate, jobseekers as a percent of jobseekers and employed OVERESTIMATES the real rate because it doesn't include the "potential " labor force?

That's a first for me

Your straw man is not going to work.

 

[MrT]

So tell me, pinqy, do you think Obama had done a good job in managing the U.S. economy and that the current 10.3% U-6 rate is something supporters expected at this time in his Presidency? Was Obama hired to generate the economic results we have today?

Considering that U-6 has dropped nearly 7% from the height of the recession, I'd say yes.

 

[Conservative]

Considering that U-6 has dropped nearly 7% from the height of the recession, I'd say yes.

Since the U-6 is over 10% and it cost 7.6 trillion dollars to get it there, your definition of a success has no credibility

 

[Conservative]

Considering that U-6 has dropped nearly 7% from the height of the recession, I'd say yes.

Guess the liberal definition of success is taking an U-6 rate of 14.2% in January 2009, signing a 842 billion dollar stimulus program for shovel ready jobs in February 2009, and then having a 16.2% U-6 rate two years later is your definition of a success??

 

[MrT]

Since the U-6 is over 10% and it cost 7.6 trillion dollars to get it there, your definition of a success has no credibility

A drop of 7% to the U-6 unemployment, lowest increase in healthcare spending in 40 years, fewest troops in active combat zones in 40 years, record highs to the stock market, record reductions to budget deficits, killing the most wanted terrorist in the world, and reversing away from a potential depression lend plenty of credibility to my definition of success.

 

[Gimmesometruth]

Since the U-6 is over 10% and it cost 7.6 trillion dollars to get it there, your definition of a success has no credibility

What exactly is the correlation between debt and U-6? I mean, the sky is blue and the grass is green, but what does that has to do with the price of tea in China?

 

[Conservative]

A drop of 7% to the U-6 unemployment, lowest increase in healthcare spending in 40 years, fewest troops in active combat zones in 40 years, record highs to the stock market, record reductions to budget deficits, killing the most wanted terrorist in the world, and reversing away from a potential depression lend plenty of credibility to my definition of success.

Wow, the liberal definition of success means still having the highest U-6 rate average in modern history, using healthcare estimates as official numbers, and losing the peace is a success to a liberal. You buy the rhetoric, prove that a depression was averted by Obama? You can't because that is what you want to believe. What you want to take credit for is TARP and that was a Bush initiative

Bet you want to give Obama credit for cutting the deficit yet ignore that he has added almost as much debt in 7 years as Reagan, GHW Bush, and GW Combined and in order to cut the U-6 rate 7% he had to have it at 17%. That is a success to you?

 

[Conservative]

What exactly is the correlation between debt and U-6? I mean, the sky is blue and the grass is green, but what does that has to do with the price of tea in China?

What was the purpose of the stimulus if not in part to create shovel ready jobs. Those shovels apparently never arrived as I am still waiting for any verifiable source that captures saved jobs which are counted by this Administration

 

[MrT]

Guess the liberal definition of success is taking an U-6 rate of 14.2% in January 2009, signing a 842 billion dollar stimulus program for shovel ready jobs in February 2009, and then having a 16.2% U-6 rate two years later is your definition of a success??

No, but seeing that u-6 rate drop to 4% lower than it was when he took office and to see the u-3 rate drop more than 2.5% below what it was when he took office is a pretty solid definition of success.

 

[Gimmesometruth]

What was the purpose of the stimulus if not in part to create shovel ready jobs. Those shovels apparently never arrived as I am still waiting for any verifiable source that captures saved jobs which are counted by this Administration

You did not answer me.....what is the correlation between fed debt and U-6? You made these inter-related, explain it instead of talking about a one program that lasted for a couple of years which had a large "cost" made up of tax cuts.

 

[MrT]

Wow, the liberal definition of success means still having the highest U-6 rate average in modern history, using healthcare estimates as official numbers, and losing the peace is a success to a liberal. You buy the rhetoric, prove that a depression was averted by Obama? You can't because that is what you want to believe. What you want to take credit for is TARP and that was a Bush initiative

Bet you want to give Obama credit for cutting the deficit yet ignore that he has added almost as much debt in 7 years as Reagan, GHW Bush, and GW Combined and in order to cut the U-6 rate 7% he had to have it at 17%. That is a success to you?

Budgetary deficit has dropped at the fastest rate in 60 years. That was done under Obama.

Obama says deficit is falling at the fastest rate in 60 years | PolitiFact

Did he add more debt than the previous Presidents combined? Yes. Do I care about the size of the debt when it was necessary (and the result) of a pair of massive, unpaid for wars and the great recession?

Nope.

 

[Conservative]

You did not answer me.....what is the correlation between fed debt and U-6? You made these inter-related, explain it instead of talking about a one program that lasted for a couple of years which had a large "cost" made up of tax cuts.

What was the purpose of the stimulus, there is the correlation, the stimulus failed and 842 billion plus trillions more was added to the debt. New taxpayers weren't created.

 

[Conservative]

Budgetary deficit has dropped at the fastest rate in 60 years. That was done under Obama.

Obama says deficit is falling at the fastest rate in 60 years | PolitiFact

Did he add more debt than the previous Presidents combined? Yes. Do I care about the size of the debt when it was necessary (and the result) of a pair of massive, unpaid for wars and the great recession?

Nope.

From where? if you run up record deficits only a liberal can take credit for cutting them at a rapid rate yet keeping them at historical high deficits. What Obama says motivates liberals but is a typical liberal distortion. The wars were paid for in the 10.6 trillion Obama inherited, he added 7.6 trillion to the debt without having a war. That must be a liberal success too?

Like far too many liberals you have no understanding of the debt, deficit, or debt service

 

[Hatuey]

Sure.

View attachment 67189663

Black unemployment in Mar 2010 was 16.8%. It's now 9.5, down by 7.3. White unemployment as a result of the collapse reached 9.2% in Oct/Nov 2009. It's now 4.4%, having dropped 4.6. When can blacky hope to get better treatment than whitey? When a brotha's in the WH, apparently.



Let's look at the annual percentage change in the debt/GDP ratio:

View attachment 67189664

Where's the downward trend Under Reagan and Bush41? I see it go up and down and up and down … and up and finally back down when 41 did the right thing and raised taxes down.

1982 — 2.6
1983 — 3.3
1984 — 1.7
1985 — 1.3
1986 — 4.0
1987 — 2.3
1988 — 1.2
1989 — 1.0
1990 — 3.3
1991 — 5.1
1992 — 3.0
1993 — 2.1

Obama got stuck with 13.9 in 2009. Since then, he's been cleaning up the mess:

2010 — 8.2
2011 — 5.0
2012 — 4.5
2013 — 2.2
2014 — 1.5

The figures for the first two quarters of 2015 are -0.13 and -1.45.

Both 2009 and 2010 were very ugly years for the federal budget and the American people. You guys point to WJC and Fannie and Freddie and yer pal Barney Fag as the culprits who brought this devastation upon us. A majority of Independents and moderates recognize that SSE policies of irresponsibly deregulating the financial sector and providing massive tax cut giveaways to wealthy households are the proper focus. That's why we won in 2008 and 2012, and it's why we'll win in 2016.

>>Obama did exactly what to get the unemployment down to 5.1%

You should have paid more attention. Ya might have learned something.



With Obama, it's thirteen million and counting, even with a much worse calamity — the SSE GOP Great Recession. There are sixteen more months before the president leaves office in Jan 2017. If we average 250K jobs added monthly over that period, his total will be … seventeen million. We've added a monthly average of 254K since Mar 2014.

>>Bush it was the largest increase in GDP and winning two wars.

Real GDP grew by 13.7% under Bush43. It's now increased by 13.6% under Obama, and he still has six more quarters to go. And there were no wars won. One never should have been fought. If we'd avoided it, we might have won the other.

>>Obama has added almost as much debt as all the Republican Presidents combined.

You need to look at debt/GDP.

>>please explain to me the 7.6 trillion Obama added to the debt with NO WARS??

$7 trillion, not 7.6. It was added because you clowns drove the economy off the road and into a tree. Lots of lost work and a big hospital bill. A majority of voters understand what happened.

>>Explain to me the slow economic growth

The nature of a recovery from a collapse, an event that severely undermines consumer confidence. Plus, the stimulus was too small.

>>the increase in discouraged workers which reduces the unemployment numbers

Discouraged workers

Dec 2010 — 1.32 million
Jul 2015 — 624K, down 53%​

>the 7.6 trillion added to the debt?

Yer repeating yerself.

>>Those seem to be results you want to ignore and want me to give Obama credit for?

Whatever.

>>You continue to show that you can fool some of the people all of the time.

You continue to show … something.

>>Obama loves having people like you making a fool of themselves

He's a good Christian, so he tries to love everyone.

The post above is colloquially known as straight savage. You deserve an applause.