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Old 02-09-2013, 05:39 PM   #40
Direckshun Direckshun is offline
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Quote:
Originally Posted by Aries Walker View Post
1. Direckshun is correct; PrisonBitch's source was flawed. Direckshun used reputable journalistic sources in his OP (albeit mostly ones with a liberal bent).
I cited MaddowBlog, Wall Street Journal, WaPo's WonkBlog, the Bureau of Labor Statistics, and MSN Money.

I'd say that's a fair variety of a first-hand source (BLS), a second-hand source (MSN Money), and a right-leaning (WSJ), left-leaning (WonkBlog), and a leftwing outlet (MaddowBlog). Later in the thread I've cited Calculated Risk and Reuters.

I know you aren't disagreeing with me in any way, I just figured that deserves a little expounding.

Quote:
Originally Posted by Aries Walker View Post
4. I don't buy the concept that the uptick from 17.8% unemployment to 17.9% unemployment is due to the fact that more people have entered the job force. Math tells us that in order for that to result in an increase in unemployment, some of those people (more than 17.8% of them, in fact) had to have entered the job force while being unemployed - which logically means they hadn't really entered the job force. I think it's just a garden variety upturn - and hopefully an isolated one.
I'm not sure where you're getting the 17.8% and 17.9%?

The unemployment rate (i.e. the U3 measurement) is now 7.9%, up from 7.8%.

The U6 measurement of unemployment, the one that rightwingers love now because it's always higher, includes the unemployed, those who've dropped out of the workforce, and the underemployed, and is just a hair above 14% and falling. And that's the highest unemployment measurement we have.

The U-3 rate inching up to 7.9% is almost certainly due to people entering the workforce, because as the OP stated, our economy gained 157,000 jobs in January.
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