US unemployment drops to 7.5%

[Bad man land]

OBAMAS PLAN

[Ashmoria]

OBAMAS PLAN
(Image)

interesting picture but what point are you wanting to make?

[Libertarian California]

I predict the Recession will end by 2015.

Because if it doesn't, then college is going to unaffordable.

[Divair]

OBAMAS PLAN
(Image)

To make his own race slaves again?

[Divair]

I predict the Recession will end by 2015.

The recession ended in late 2009.

[Libertarian California]

I predict the Recession will end by 2015.

The recession ended in late 2009.

Many people still have the mindset that it's going on...some areas haven't really felt all that much recovery.

[Ashmoria]

That could just mean more people just quit searching for jobs, ya know.

Unemployment is the number of adult, non-institutionalized people (see labor force) that are unemployed AND searching for employment.

according to Daniel gross in the daily beast

The unemployment rate, which is calculated from the separate BLS household survey, fell from 7.6 percent in March to 7.5 percent in April. Now, in past months, analysts have been quick to dismiss declines in the unemployment rate when the decline is a function of people leaving the labor force. (After all, if the labor force declines, the unemployment rate could fall even if the number of people who say they’re working stays the same.) But in fact, in April the labor force grew by more than 200,000 from March. And it is up by nearly 800,000 from a year ago. More people are looking for work and more people are finding it. The number of people in the household survey reporting themselves as being employed rose by 291,000 in April.]

http://www.thedailybeast.com/articles/2 ... april.html

[Divair]

The recession ended in late 2009.

Many people still have the mindset that it's going on...some areas haven't really felt all that much recovery.

I wouldn't be surprised if some sectors are having what could be considered a recession, but the economy as a whole started growing again in late 2009.

[Ashmoria]

OBAMAS PLAN
(Image)

To make his own race slaves again?

the name of the photo is indianslave.jpg

I think that means his plan is to import slaves from india.

[Divair]

To make his own race slaves again?

the name of the photo is indianslave.jpg

I think that means his plan is to import slaves from india.

Is that the newest Faux News conspiracy theory?

[Xirxixcroxior]

Doesn't Obama know that if you cut down unemployment the rich don't become richer anymore?
All the prosperity down the drain by giving moochers jobs.


Cut Ron Pale, Impeach taxes, legalize Obama, Unemployment 2018!

[The IASM]

Dat is exellent.

[Ashmoria]

the name of the photo is indianslave.jpg

I think that means his plan is to import slaves from india.

Is that the newest Faux News conspiracy theory?

maybe glenn beck is pushing it?

[Zurkerx]

I agree with the statement above. The US dept of Labor only counts new unemployment compensation clams to that statistic. In reality the US unemployment rate is around 11% to 13% of we use real numbers. More smoke and mirrors from the government, you just can't trust these lying assholes.

That is true. Numbers don't lie, people lie. With these job numbers too, a majority of them are in low paying jobs which though a job, is not what many people want. We are at a very slow rate of growth right now. These job numbers are not consistent though as one month it's good as the next it's bad. Plus, we have three problems right now. First is Europe, many of the countries in Europe like Greece, Spain, Portugal, Italy, Ireland, ect, are basically either having extremely slow growth or their economy is contracting. The unemployment, especially in these countries, have high unemployment rates and out of control spending. Some of the are on the verge of economic collaspe basically. Second, Obamacare kicks in 2014. Many small businesses are prepping themselves by staying under 50 employees and hiring only part time workers just to avoid these few regulations (which by the way, there are about 20,000 pages worth). Oh, don't forget the taxes that will take affect as well for everyone. Third and final, spending is still out of control. Both sides are spending us to the point where they simply cannot stop. The United States is almost at 17 trillion in debt and we are not even paying for it. It is not a matter of blame one or something non-related, it is a matter that it is both sides fault and it's ashamed that the people keep electing the same people over and over again. It's got to stop now, or it might be too late.

[Totalise]

we aren't recovering well we're recovering slowly.

we could do much better if the congressional republicans weren't working so hard to keep it from happening at all. it is sad that we are having a "lost decade" due to political nihilism.

The stimulus should have been bigger. That's what it really comes down to.

so the US government should have spent more taxpayer dollars on companies who ended up give CEO's and their board of directors pay raises anyway?

[Totalise]

I agree with the statement above. The US dept of Labor only counts new unemployment compensation clams to that statistic. In reality the US unemployment rate is around 11% to 13% of we use real numbers. More smoke and mirrors from the government, you just can't trust these lying assholes.

That is true. Numbers don't lie, people lie. With these job numbers too, a majority of them are in low paying jobs which though a job, is not what many people want. We are at a very slow rate of growth right now. These job numbers are not consistent though as one month it's good as the next it's bad. Plus, we have three problems right now. First is Europe, many of the countries in Europe like Greece, Spain, Portugal, Italy, Ireland, ect, are basically either having extremely slow growth or their economy is contracting. The unemployment, especially in these countries, have high unemployment rates and out of control spending. Some of the are on the verge of economic collaspe basically. Second, Obamacare kicks in 2014. Many small businesses are prepping themselves by staying under 50 employees and hiring only part time workers just to avoid these few regulations (which by the way, there are about 20,000 pages worth). Oh, don't forget the taxes that will take affect as well for everyone. Third and final, spending is still out of control. Both sides are spending us to the point where they simply cannot stop. The United States is almost at 17 trillion in debt and we are not even paying for it. It is not a matter of blame one or something non-related, it is a matter that it is both sides fault and it's ashamed that the people keep electing the same people over and over again. It's got to stop now, or it might be too late.

^yup thats pretty much it

[Ashmoria]

The stimulus should have been bigger. That's what it really comes down to.

so the US government should have spent more taxpayer dollars on companies who ended up give CEO's and their board of directors pay raises anyway?

no the us government should have spent more taxpayer money on projects that would have increased employment.

[Napkiraly]

the name of the photo is indianslave.jpg

I think that means his plan is to import slaves from india.

Is that the newest Faux News conspiracy theory?

Probably.

[Khadgar]

I agree with the statement above. The US dept of Labor only counts new unemployment compensation clams to that statistic. In reality the US unemployment rate is around 11% to 13% of we use real numbers. More smoke and mirrors from the government, you just can't trust these lying assholes.

That is true. Numbers don't lie, people lie. With these job numbers too, a majority of them are in low paying jobs which though a job, is not what many people want. We are at a very slow rate of growth right now. These job numbers are not consistent though as one month it's good as the next it's bad. Plus, we have three problems right now. First is Europe, many of the countries in Europe like Greece, Spain, Portugal, Italy, Ireland, ect, are basically either having extremely slow growth or their economy is contracting. The unemployment, especially in these countries, have high unemployment rates and out of control spending. Some of the are on the verge of economic collaspe basically. Second, Obamacare kicks in 2014. Many small businesses are prepping themselves by staying under 50 employees and hiring only part time workers just to avoid these few regulations (which by the way, there are about 20,000 pages worth). Oh, don't forget the taxes that will take affect as well for everyone. Third and final, spending is still out of control. Both sides are spending us to the point where they simply cannot stop. The United States is almost at 17 trillion in debt and we are not even paying for it. It is not a matter of blame one or something non-related, it is a matter that it is both sides fault and it's ashamed that the people keep electing the same people over and over again. It's got to stop now, or it might be too late.

Uh, evidence?

[Constaniana]

Thanks, Obama.

[Maelthra]

I agree with the statement above. The US dept of Labor only counts new unemployment compensation clams to that statistic. In reality the US unemployment rate is around 11% to 13% of we use real numbers. More smoke and mirrors from the government, you just can't trust these lying assholes.

cant tel if srs

Sounds a bit paranoid, but even paranoid people can be at least partially correct occasionally. And what he's stating isn't exactly hidden knowledge. There are at least one or two articles on this every quarter in most financial journals.* But let's take it from a less paranoid POV.

Unemployment figures count a little more than half of the actual unemployed people. One of the reasons for this is that not ALL unemployed are interviewed. (Which is reasonable since it would take more time than is available, and we'd be getting unemployment numbers for 1945 right now if that were the case.) Instead, the survey 15,000 people, take those statistics, multiply them, add an algorithm, etc. However, the surveyors do NOT ask, "Are you employed or unemployed?" You'd think at first, they would, because you'd know if you were working, right? But no. The Labor Department has several categories: unemployed but not looking, unemployed and looking, full, part-time, and so forth. So instead, they ask questions such as: Last week, were you on layoff from a job? Last week, did you do any work for pay or profit?

So lets take a look at the categories (and yes, there may be a couple others not mentioned):

Full time is 32 hours or more, for at least 3 out of and spread of 4 weeks. This counts as Employed for the survey.
Part time is any amount of work, as long as you were paid. Did you get laid off, and mow a lawn to get money for groceries? Congratulations, you're a part-time worker. You count as Employed for the survey. Underemployed people (those who need to be making say, 20k a year and are only making 10k) count here as well.
Unemployed and Looking. This is what is counted as unemployed for the survey.
Unemployed but not Looking. This encompasses people such as someone who was laid off and getting unemployment benefits. It also counts housewives and other non-working spouses. This does NOT count as unemployed for the survey. They don't want to accidentally count those who don't -plan- to work, such as someone who stays home to care for children. So they don't count anyone from this group. People who get benefits are counted later.

So far, 1 of the 4 categories actually count. This is their base number. They also contact a rolling lost of major work-sites to see what kind of turnover (hiring and firing) they've done that month. Then they take the numbers from the claim offices to see how many people are getting benefits. After that numbers from all three sources are compiled together. It's a pretty good system, overall. The drawback is what they've chosen (quite arbitrarily, and let's face it, a line has to be drawn SOMEwhere) to describe as unemployed. Unfortunately for many, that description doesn't include them, so that many who are actually not employed don't get counted. The real unemployment rate (which does count non-working spouses and those on any sort of benefit) was 23% in January.**

* Example of article, chosen at random. There were about 100k relevant results returns, and I"m so not reading them all. http://primepoint.com/pages/view/id/138
** http://www.forbes.com/sites/louiswoodhi ... continues/

[Nidaria]

That is good, but we have yet to see the worst.

[Saiwania]

we aren't recovering well we're recovering slowly.

we could do much better if the congressional republicans weren't working so hard to keep it from happening at all. it is sad that we are having a "lost decade" due to political nihilism.

No, what is wrong is that companies aren't going to pay for Obamacare requirements because it is too expensive, so what they are doing in response will be to cut their employee hours to only part time work. Less income will be going to paychecks and consumer spending will decline or stagnate. I can guarantee that the economy would be back to normal by now without the Affordable Care Act.

[Constaniana]

OBAMAS PLAN
(Image)

interesting picture but what point are you wanting to make?

He's going to outlaw coloured photography. *nods*

[Khadgar]

we aren't recovering well we're recovering slowly.

we could do much better if the congressional republicans weren't working so hard to keep it from happening at all. it is sad that we are having a "lost decade" due to political nihilism.

No, what is wrong is that companies aren't going to pay for Obamacare requirements because it is too expensive, so what they are doing in response will be to cut their employee hours to only part time work. Less income will be going to paychecks and consumer spending will decline or stagnate. I can guarantee that the economy would be back to normal by now without the Affordable Care Act.

[citation needed]