unemployment drops to 7.8%

[nando]

that's not news. it's an opinion peice.

also, the conspiracies about unemployment data do not hold up to scrutiny.

[Vedubin01]

this was in the news. (JUST POSTING)

Imagine a country where challenging the ruling authorities—questioning, say, a piece of data released by central headquarters—would result in mobs of administration sympathizers claiming you should feel "embarrassed" and labeling you a fool, or worse.



Soviet Russia perhaps? Communist China? Nope, that would be the United States right now, when a person (like me, for instance) suggests that a certain government datum (like the September unemployment rate of 7.8%) doesn't make sense.

http://online.wsj.com/article/SB10000872396390444897304578046260406091012.html?mod=WSJ_Opinion_LEADTop

[BraveUlysses]

dont you know? liberals are evil communists out to destroy our family values!

sarcasm is destroying America!

[gwb72tii]

dont you know? Liberals are evil communists out to destroy our family values!

qft

[Kershaw]

dont you know? liberals are evil communists out to destroy our family values!

[kronus]

> something bad happens

"the liberals are ruining america!"

> something good happens

"the liberals are ruining america and covering it in a giant conspiracy!"

[BraveUlysses]

You sir are a troll
Get back under the bridge.
You never post any critical thinking of your own, you piggy back on others' posts.

What the fuck are you going on about?

Been away for 3 weeks and haven't heard a word herbal
It doesn't pass the smell test, and you'd be saying exactly the same thing if it were boooosh in office and the messiah as the challenger.
There is no proof I'm right, but with the eon decelerating to 1.25% GDP, somehow we magically added 800k jobs.
And the household survey jumps the most in 29 years, in this economy which is essentially stalled out. Come on. Magically after having his ass handed to him by Romney in the debate I unfortunately missed.
I call bulshit.
And Rwh, take the blinders off for once for Christ' sake will you. Oops, forgot, you're an economist.

And herbal, you'll have to find a new sangri la, the Danes are pissed about their tax rates.

THANK YOU SO MUCH for showing me how to critically analyze this issue!

[Kershaw]

im pretty sure gwb and joshh are city officials on bullshit mountain.

[Cliche Guevara]

There is no proof I'm right

How the fuck does one concede this and still maintain that they are right? To paraphrase Jon Stewart, Bullshit Mountain is high, Bullshit Mountain is wide, and Bullshit Mountain is deep.

[rwh11385]

Been away for 3 weeks and haven't heard a word herbal
It doesn't pass the smell test, and you'd be saying exactly the same thing if it were boooosh in office and the messiah as the challenger.
There is no proof I'm right, but with the eon decelerating to 1.25% GDP, somehow we magically added 800k jobs.
And the household survey jumps the most in 29 years, in this economy which is essentially stalled out. Come on. Magically after having his ass handed to him by Romney in the debate I unfortunately missed.
I call bulshit.
And Rwh, take the blinders off for once for Christ' sake will you. Oops, forgot, you're an economist.

And herbal, you'll have to find a new sangri la, the Danes are pissed about their tax rates.

Correct - there is no support for you or Jack Welch, who got fed up and dropped this contract with Fortune after backlash from his baseless claims. Just typical RWNJ tinfoil hat wearing BS.

And on Q2 growth, what was the primary factor lowering that figure? (or did you never care to read that, just the headline number)

The worst drought in half a century, which gripped large parts of the country in the summer, saw farm inventories dropping $5.3 billion in the second quarter after slipping $1 billion in the first three months of the year.

And the household survey includes agricultural workers, unlike the establishment one. Guess what all my Ag friends have been up to, particularly in the reference week of the BLS survey? They were and are finishing up harvesting. Driving along any country road in the midwest will have you see that harvest is much earlier this year. http://www.businessweek.com/news/201...ng-accelerates

However, there was an increase of 118,000 self-employed people and an increase of 58,000 agriculture workers in the household survey that are not captured in the payroll survey. Moreover, the large increase in the household survey was centered on relatively young workers ages 20 to 34 (+628,000) who mostly got part-time jobs time because full-time work was not available (+582,000).

It's not the greatest jump in 29 years, and "almost all economic measures" haven't contracted in the last month. (Did you forget or look past ISM's numbers?) You can make ignorant claims as usual without backing them up, but that doesn't mean your stupid bullshit is going to get any traction with people who aren't sheepish idiots like joshh, or your clients. Why don't you try to use information to back your statements instead of just spewing hatred of Obama and accusations based on your senile opinion.

The fact that you think people would juice numbers for half a million teenagers working part time is ludicrous. (Especially since Halloween stores I've noticed have opened early this year - http://www.cm-life.com/2012/09/11/st...opening-early/) Or that you keep ignoring that independent entities (ADP & Gallup) track well with BLS numbers underline that one group is not being uniquely altered. But logic has never been a strength of yours.

It went down .3%? That's not really difficult to believe.

No, unless you are a crazy tin-foil-hat wearing sheep or pundit that wants to find any possible way to criticize the administration, with reason or not. Attacking Big Bird seems to be the new moronic trend.

[gwb72tii]

^ that's funny. I was just watching the Daily Show that showed a bunch of clips from Fox with all their puppets saying the exact same thing. It's almost like you memorize what you hear them say and post it on this site word for word. Do you have any original thoughts or is your head just filled with a anger and conservative sound bites?

Been away for 3 weeks and haven't heard a word herbal
It doesn't pass the smell test, and you'd be saying exactly the same thing if it were boooosh in office and the messiah as the challenger.
There is no proof I'm right, but with the eon decelerating to 1.25% GDP, somehow we magically added 800k jobs.
And the household survey jumps the most in 29 years, in this economy which is essentially stalled out. Come on. Magically after having his ass handed to him by Romney in the debate I unfortunately missed.
I call bulshit.
And Rwh, take the blinders off for once for Christ' sake will you. Oops, forgot, you're an economist.

And herbal, you'll have to find a new sangri la, the Danes are pissed about their tax rates.

[rhE-30]

It went down .3%? That's not really difficult to believe.

[rwh11385]

^ that's funny. I was just watching the Daily Show that showed a bunch of clips from Fox with all their puppets saying the exact same thing. It's almost like you memorize what you hear them say and post it on this site word for word. Do you have any original thoughts or is your head just filled with a anger and conservative sound bites?

I've been calling him a parrot for ages now.

I mean, just listen to the profound logic and reasoning ability of Charles Payne:

http://video.foxbusiness.com/v/1885243074001/payne-no-way-unemployment-is-78/?intcmp=obinsite

Rwh assumes the data is correct in the unemployment calculation
Almost every economic measure contracted last month, yet we are told by the BLS unemployment went down
Really??
And you believe them, right before an election.
Lol

You sir are a troll
Get back under the bridge.
You never post any critical thinking of your own, you piggy back on others' posts.

By "them", do you mean the people surveyed, the BLS, or Gallup and ADP too? The baseless accusations coming from what you want to see (the country failing) is pathetic.

What is "almost every" economic measure you are looking at, specifically?

[herbivor]

^ that's funny. I was just watching the Daily Show that showed a bunch of clips from Fox with all their puppets saying the exact same thing. It's almost like you memorize what you hear them say and post it on this site word for word. Do you have any original thoughts or is your head just filled with a anger and conservative sound bites?

[gwb72tii]

Rwh assumes the data is correct in the unemployment calculation
Almost every economic measure contracted last month, yet we are told by the BLS unemployment went down
Really??
And you believe them, right before an election.
Lol