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View Full Version : Economics 20,000 jobs lost in Jan. Unemployment rate down to 9.7%


petegz28
02-05-2010, 07:36 AM
Very choppy report this morning. 20,000 jobs were lost in January but the unemployment rate dropped to 9.7%. I have heard at least 1 person call the unemployment rate dropping a "fluke". Have to wait for the numbers to get posted out but I would tend to agree at this point.

BucEyedPea
02-05-2010, 07:38 AM
Well, perhaps they govt hired some to drop the stat. Lol!

The Mad Crapper
02-05-2010, 07:40 AM
Pravda.

petegz28
02-05-2010, 07:49 AM
Hours Worked rose. Overtime rose. Manufacturing jobs rose. This is turning out to be a not-so-bad report.

Chief Henry
02-05-2010, 09:11 AM
They found 500,000 additional jobs - thus the dip to 9.7 % .

Bill Gross of Pimco doesn't think anything of this dip. Saw him on CNBC right after the announcement. Bill Gross is a brilliant economic mind and fund manager.

Direckshun
02-05-2010, 09:28 AM
What a weird report. Hard to know what to make of it.

The Mad Crapper
02-05-2010, 09:33 AM
What a weird report. Hard to know what to make of it.

The numbers were calculated from different surveys.

In other words, they were made up.

talastan
02-05-2010, 09:38 AM
It doesn't matter, what is the true unemployment number, including those that have given up looking? That is the number that really matters IMO. I'm waiting for that report. Last time IIRC it was around 17%.

Cannibal
02-05-2010, 09:39 AM
One of the problems our country has been having for years is that workers are working more hours, but wages/salaries have remained stagnant.

The Mad Crapper
02-05-2010, 09:42 AM
It doesn't matter, what is the true unemployment number, including those that have given up looking? That is the number that really matters IMO. I'm waiting for that report. Last time IIRC it was around 17%.

Of course. The 9.7% number is a psychological ploy to keep this economy from teetering over the brink before B.O. has a chance to forward his agenda, then after that who cares let the whole shithouse go up in flames---

WHICH IS EXACTLY WHAT WILL HAPPEN IF B.O. IS NOT THWARTED.

talastan
02-05-2010, 09:42 AM
One of the problems our country has been having for years is that workers are working more hours, but wages/salaries have remained stagnant.

With the exception of minimum wage earners. :shake:

acesn8s
02-05-2010, 12:32 PM
And the DOW falls because of the news.


The numbers have been "seasonally adjusted." In other words, the number unemployed is still the same or higher.

The Mad Crapper
02-05-2010, 12:52 PM
And the DOW falls because of the news.


The numbers have been "seasonally adjusted." In other words, the number unemployed is still the same or higher.

Correct, the manipulated that variable but you don't hear that when you get your soundbyte THE UNEMPLOYMENT RATE DROPPED TO 9.7% and that's all the propaganda B.O. needs.

KC native
02-05-2010, 12:59 PM
And the DOW falls because of the news.


The numbers have been "seasonally adjusted." In other words, the number unemployed is still the same or higher.

The headline numbers are always seasonally adjusted. You can get the non-seasonally adjusted numbers as well as the methodologies for all unemployment measures if you go to the BLS's website.

KC native
02-05-2010, 01:00 PM
Correct, the manipulated that variable but you don't hear that when you get your soundbyte THE UNEMPLOYMENT RATE DROPPED TO 9.7% and that's all the propaganda B.O. needs.

They didn't manipulate shit.

The Mad Crapper
02-05-2010, 01:12 PM
They didn't manipulate shit.

Nobody believes your lies.

wazu
02-05-2010, 04:15 PM
What a weird report. Hard to know what to make of it.

If I take it at face value, it sounds like a re-organization of the economy, which is what has to happen. Certain industries still shedding/dying, while others are growing/emerging. It's a necessary part of the economic cycle.

talastan
02-05-2010, 04:44 PM
If I take it at face value, it sounds like a re-organization of the economy, which is what has to happen. Certain industries still shedding/dying, while others are growing/emerging. It's a necessary part of the economic cycle.

Unfortunately it is shifting/reorganizing towards the government IMO. Which ultimatley will fail to produce the results that private industry could if allowed to flourish.

Stewie
02-05-2010, 04:50 PM
- 1.36 Million Jobs Knocked off December Payrolls; Depression’s Job Loss Increased by 19%
- January Unemployment: 16.5% (U-6), 21.2% (SGS)
- Serious Jobs and Unemployment Deterioration in Months Ahead

Chief Henry
02-06-2010, 09:08 AM
- 1.36 Million Jobs Knocked off December Payrolls; Depressionís Job Loss Increased by 19%
- January Unemployment: 16.5% (U-6), 21.2% (SGS)
- Serious Jobs and Unemployment Deterioration in Months Ahead




in other words - becareful with your money

notorious
02-06-2010, 09:18 AM
in other words - becareful with your money

Money isn't going to be worth shit either..........



Our government is doing such a great job!!!!!


Just get out of our lives. Problem fixed.

wazu
02-06-2010, 09:35 AM
Unfortunately it is shifting/reorganizing towards the government IMO. Which ultimatley will fail to produce the results that private industry could if allowed to flourish.

There's some of that, but even the government can't hire everybody. They might be able to "save" a half a percent of the workforce by hiring, and maybe just by brute force inject enough printed cash into the economy to temporarily raise unemployment another percent or two. But the engine for job growth, even now, is still the private sector.

Literally the only thing that should be on the federal government's agenda at this point should be deep spending cuts followed by across-the-board tax cuts. If Obama did this the economy would bounce back in an almost unprecedented fashion. By 2012 the economy would be roaring, we would have no budget deficit, and he would walk to re-election. (Of course the bad news for conservatives is he would now have a free hand to mess it up by implementing a bunch of nutty social programs, but I'd be willing to live with that.)