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U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added


Rigth, this is standard conservative fair; if reality doesn't mesh with your precooked world view then reality must be wrong. Thus we see that temperatures aren't really rising, the polls aren't really what the polls are, and the employment numbers aren't really the employment numbers. Of course this only happens when things don't go your way. If it had been a bad report it would have gone unchallenged and it would have been used to condemn Obama. :roll:

For future reference, the numbers from last month were revised upward significantly. Remember that, because Republicans only comment on revisions when they move down -- thus concluding that they ONLY move down.
 
Rainman05 said:
I would like to know what those jobs are... and if they are jobs that can bring people into the middle class or not. If not, then its a very, very small victory...
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Odd that the trend toward lower paying jobs that has been going on far longer than Obama has been in office is suddenly of concern. It's kind of like that deficit that was fine during the Bush II years and suddenly became the imminent end of Western civilization as soon as a Democrat became president.
 
Sheik Yerbuti said:
Then the private sector must have been anticipating a new president for the last 2.5 years since the private sector has added some 5 million jobs over that period for 31 consecutive months of growth.
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And if you believe that, I bet you bought some Facebook stock.
 
Rainman05 said:
I would like to know what those jobs are... and if they are jobs that can bring people into the middle class or not. If not, then its a very, very small victory...
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One interesting stat that often gets overlooked is that the unemployment rate amongst college graduates is 4.1%, with a 76% participation rate.

Table A-4. Employment status of the civilian population 25 years and over by educational attainment

This is in essence full employment and suggests strength in the middle - upper income job market. The unemployment is actually amongst the less trained and the young.
 
Thought I heard a massive explosion coming from the west... it was all those GOP heads exploding in anger over statistics and maths... first polls and now this!
 
American said:
This kind of news has been predicted for months, that the labor dept would come out with a unemployment figure ridiculously low to help the President. And voila, here it is right on cue.
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Do you realize how ridiculous your paranoia and victim complex is becoming? The media and polls are unfairly targeting the right, the Labor Dept. is making up figures to screw the right. Maybe if that many people are out to get the Republicans they should realize they aren't a very popular party currently.
 

1) Summer employment ended. People returned to school. Some of those jobs were absorbed by others. No new jobs created / less unemployed.
2) July and August report has been adjusted to add 86,000 jobs. Or, you could look at it as the Sept new jobs number is 200,000 higher than August, which should move the bar a little.

The jobs report in six charts

Labor participation up... unemployed down by 456K and employed up by 870K. It was a good month.

http://www.bls.gov/news.release/empsit.a.htm
 
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The 7.8% number is a joke.

The U-6 number didn't budge. The participation rate stayed virtually the same. And only 114,000 jobs were created - not remotely enough to lower the rate by 0.3%.

Even with the revisions of past jobs created (which apparently were mostly government jobs that were mysteriously unnoticed before - suuuure), the numbers do not add up.

And again, the U-3 rate is irrelavent, the U-6 is the true indicator...and it did not move.

Obamanomics cannot work, Bernanke's helicopter economics xpcannot work and Keynesian economics cannot work.

Anyone who believes otherwise simply does not understand macroeconomics...period.

They may understand economic terms and theories (and excuses). But they do not understand real world economics.


Precious metals and agricultural commodities is where your money (imo) should be until the money 'printing'/record low interest rates end.
 
Ok, so the unemployment since Obama's immaculation is 10.8%. Great news! NOT!
 

Even more important than precious metals and such. Skills.
 
Look for those numbers to be quietly revised up again later... again.
 
And when you get into the meat of the numbers you see:


It is telling that the President just went on TV and declared victory when the reality is a staggering defeat. How delusional do you have to be to believe this is good news?
 
:lamo:lamo @ people creating their own reality in this thread. What planet do you folks live on that any good news for Obama is distrusted based on no evidence. Those polls you link when Romney was doing well or Republicans were about to sweep in 2010 are no longer true because Obama started to lead. Unemployment numbers when they go up are linked constantly on here but when they go down must be a conspiracy.
 

There are contradicting stories, and this administration has made a mockery out of the Labor Dept which many no longer trust.
 
AdamT said:
Good timing for the President after his lackluster debate performance.
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Are you kidding me, its a conspiracy to get Obama re-elected. :lamo:lamo
 
A lot of people are questioning the numbers. Regardless, it will be old news by Nov 6.
 
American said:
There are contradicting stories, and this administration has made a mockery out of the Labor Dept which many no longer trust.
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I understand, everyone is wrong except you. How special.
 
American said:
There are contradicting stories, and this administration has made a mockery out of the Labor Dept which many no longer trust.
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Who do you think comes up with the data on shrinking median wages that is used constantly by Cons on this site? How about the number of individuals no longer looking for a job?
 
Sheik Yerbuti said:
This should get him back many, if not more, of the votes he lost since Wednesday night.

What's good for America is bad for Conservatives.
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Poor Willard cant get a break.One step forward,two steps back.:mrgreen:
 
Loki97 said:
I understand, everyone is wrong except you. How special.
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Your Government is blatantly lying to you and you could care less

They lied about Benghazi, what makes you believe they are telling the truth now? I mean seriously, these numbers are going to wither under scrutiny and calls are going to start being made for this laughable patchwork "7.8%" to be revised before the election. This is laughable Soviet style propaganda.

114K Jobs added and the rate droppedhalf a %? Really? I mean are you kidding me right now? Disability has doubled since Obama took office. People are unemployed longer than ever before. People digging and dumpsters and eating rats aren't even being counted in the Labor Market. Gas prices are spiking over 5 dollars a gallon in CA and skyrocketing all over the country. Food Prices and other Commodities are risen in price by more than 25%.

This is what a real October Surprise looks like. Welcome to Chicago Politics.
 

According to bls,the economy added 181,000 jobs in July, rather than 141,000. And added 142,000 jobs in August, rather than 96,000.So that pretty well fly's into the face of your assertion that "This is laughable Soviet style propaganda ":2wave:
 
Odd how for the last 40 months the administration has said to not put too much stock in any one month's numbers, but as soon as the numbers improve a little, we should take it as gospel.

I'm happy for the people who have found work, I just hope the numbers being reported are accurate, and not just more political theater.
 
It's a telling tale when people would rather see bad numbers over improving numbers.
 
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