HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » March job numbers

Fri Apr 4, 2014, 08:51 AM

March job numbers

192,000
unemployment 6.7%

12 replies, 838 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 12 replies Author Time Post
Reply March job numbers (Original post)
malaise Apr 2014 OP
NM_Birder Apr 2014 #1
BlueStreak Apr 2014 #2
NM_Birder Apr 2014 #6
BlueStreak Apr 2014 #10
NM_Birder Apr 2014 #11
BlueStreak Apr 2014 #12
MoonRiver Apr 2014 #3
malaise Apr 2014 #4
MoonRiver Apr 2014 #5
sufrommich Apr 2014 #7
treestar Apr 2014 #8
ProSense Apr 2014 #9

Response to malaise (Original post)

Fri Apr 4, 2014, 09:00 AM

1. you believe that ?...... unemplyment is 6.7%

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NM_Birder (Reply #1)

Fri Apr 4, 2014, 09:26 AM

2. Why wouldn't one believe that. The "unemployment rate" is bogus

 

It attempts to measure the people who are actively looking for work. People come in any out of that pool. If job prospects improve, then some people get more active in looking, so the "unemployment rate" can actually go up in a month when hundreds of thousands of people got jobs.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BlueStreak (Reply #2)

Fri Apr 4, 2014, 09:44 AM

6. That number gives a false sense of what is really happening

 


in the ability of people to secure employment.

It isn't fake, but it just isn't factually truthful. If you have 100 dollars, and lose 20 dollars in the park, then find 5 dollars on the way home, the truth is you have gained 5% of your original value. However you are still 15% down from your original savings.

Some people cheer blind accounting, some don't. People who no longer get unemployment benefits, and are not employed, and are not counted among the "unemployed" numbers ........ probably are not cheering this fantasy.

but meh ....... who cares about them anyway, it's not like they are going to vote or anything.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NM_Birder (Reply #6)

Fri Apr 4, 2014, 12:00 PM

10. The statistic is fine. The media obsesses of the WRONG statistics

 

There are other statistics that are much more meaningful. Like this one

http://research.stlouisfed.org/fred2/series/U6RATE

Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons

It shows steady progress since the Bush meltdown, but it also shows we are still 5% above where we were. If the media looked at this, I think we would be a lot more likely to put national attention on the employment problem as opposed to Ryan's Ayn Rand plans.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BlueStreak (Reply #10)

Fri Apr 4, 2014, 12:09 PM

11. Well,

 



if that graph and explanation of Bush's record doesn't shut up the millions of Americans without work, without unemployment benefits, and without housing..... what will ?

They don't exist, because statistically, they don't exist, unemployment is as low as it's ever been. Those working are fine, those not working don't factor.

If you can't trust the Department of Labor's graphics department, who can you trust ?

Unemployment is 6.7%, regardless what the reality REALLY is, that number is better than Bush's......... YAY US ! now please donate and vote.



Reply to this post

Back to top Alert abuse Link here Permalink


Response to NM_Birder (Reply #11)

Fri Apr 4, 2014, 02:24 PM

12. The point is true unemployment is more like 12% and much higher in pockets

 

If a person lost a $60K engineering job and is nw working in a call center for $13/hr, that person is functionally unemployed.

If a person was moved from full-time to part-time because of economic conditions, that person is functionally unemployed.

The chart I provided above is a much truer indicator of our employment situation that the "unemployment" number the media fixates on. The good news is that we have come down from 17.5 to 12.5. And notice that the slope of the recover is actually faster than the two previous recoveries. So the idea that this recovery is slower than previous recoveries is complete bullshit. What makes this one different is that the Bush policies left us a near-depression levels. The recovery is happening faster than most recoveries. We just had twice as far to go and we are only halfway there.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to malaise (Original post)

Fri Apr 4, 2014, 09:29 AM

3. The economy is improving.

A little slower than we would like, but moving in the right direction. If we had a Dem House I think we'd have seen much more growth.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MoonRiver (Reply #3)

Fri Apr 4, 2014, 09:30 AM

4. Agreed

Reply to this post

Back to top Alert abuse Link here Permalink


Response to malaise (Reply #4)

Fri Apr 4, 2014, 09:38 AM

5. Just changed my post from "recovery" to "economy," which was what I meant to say!

Too early in the morning and not enough coffee yet!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to malaise (Original post)

Fri Apr 4, 2014, 09:49 AM

7. Unemployment under 7% is great news. What will

the republican spin be this time? They must be getting desperate.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to malaise (Original post)

Fri Apr 4, 2014, 09:50 AM

8. That is good.

I wonder if the ACA might help. More people will be stimulating the economy.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to malaise (Original post)

Fri Apr 4, 2014, 09:51 AM

9. March Employment Report: 192,000 Jobs, 6.7% Unemployment Rate

March Employment Report: 192,000 Jobs, 6.7% Unemployment Rate

by Bill McBride

From the BLS:

Total nonfarm payroll employment rose by 192,000 in March, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today.
...
The change in total nonfarm payroll employment for January was revised from +129,000 to +144,000, and the change for February was revised from +175,000 to +197,000. With these revisions, employment gains in January and February were 37,000 higher than previously reported.

The headline number was below expectations of 206,000 payroll jobs added.

The first graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions. The dotted line is ex-Census hiring.



This shows the depth of the recent employment recession - worse than any other post-war recession - and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis.

Employment is 0.3% below the pre-recession peak (437 thousand fewer total jobs). Private employment is now above the pre-recession peak by 110 thousand and at a new all time high.

- more -

http://www.calculatedriskblog.com/2014/04/march-employment-report-192000-jobs-67.html

<...>

All told, over the last 12 months, the U.S. economy has added over 2.24 million jobs overall and 2.26 million in the private sector. What’s more, March was the 49th consecutive month in which we’ve seen private-sector job growth.

- more -

http://www.msnbc.com/rachel-maddow-show/job-market-continues-show-signs-life


Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread