HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! | |
Anonymous Coward User ID: 18629109 United States 08/03/2012 12:33 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! I don't mind. Employment is a shitty way to earn a living anyway. I have so many better things to do with my precious time. Quoting: Anonymous Coward 18629109 So, you're either rich, a hunter-gatherer, or a liar. Such a small imagination you have. Do you really believe that employment is the only way to make money? |
Anonymous Coward User ID: 21197329 Portugal 08/03/2012 12:35 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! 41 sBusiness Insider‏@businessinsider MICHELLE MEYER: We're Still Betting On QE3 $SPY by @mamtabadkar [link to read.bi] |
Anonymous Coward User ID: 21197329 Portugal 08/03/2012 12:38 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! 41 sBusiness Insider‏@businessinsider Facebook Is On A Tear -- Up 10% Today $FB by @jyarow [link to read.bi] |
Poriwoggu User ID: 6678126 United States 08/03/2012 12:40 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 10284198 United States 08/03/2012 12:47 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! I don't mind. Employment is a shitty way to earn a living anyway. I have so many better things to do with my precious time. Quoting: Anonymous Coward 18629109 So, you're either rich, a hunter-gatherer, or a liar. Such a small imagination you have. Do you really believe that employment is the only way to make money? Actually, no. Selling drugs is one way to make money without employment. So is making doll houses and selling them on Etsy. I used to be a heavy construction tradesman. I'm self-employed and work from home these days. I guess that means I'm doing it wrong since I'm still employed. |
Anonymous Coward User ID: 21197329 Portugal 08/03/2012 12:48 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! 2 minBusiness Insider‏@businessinsider OBAMA: Forget The Jobs Report, Let's Talk More About Taxes [link to read.bi] |
CASCABEL User ID: 15804846 United States 08/03/2012 12:53 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! Next month will be a revised figure on what really happened in job creation in July... " Sonny Liston is nothing. The man can't talk. The man can't fight. The man needs to take talking lessons. The man needs to take fighting lessons. And since he's fighting me, he needs falling lessons." Muhammad Ali... |
eagle User ID: 21199767 United States 08/03/2012 12:55 PM Report Abusive Post Report Copyright Violation | |
Poriwoggu User ID: 6678126 United States 08/03/2012 01:01 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! Notice the spreads between the U6 Rate and the published rate continues to expand dramatically... Quoting: Saddletramp Complete bullshit! Since you're looking at the numbers, why not post them? Here ya go... [link to www.shadowstats.com] This is what scary looks like: [link to research.stlouisfed.org] Less than 45% of the population is actually working. That is the lowest in 30 years. In 1980 women's employment rate was 75% of men's. Today the female employment rate is 89% of the male employment rate so there should be 7% more people working (more or less). In 1950 less than 45% of working age women worked. Just computed the current number: 139296000 Current Employment 311591917 Current Population 44.7% employment. Last Edited by Poriwoggu on 08/03/2012 01:09 PM Poriwoggu |
Mwalk Low Earth Orbit User ID: 1067150 United States 08/03/2012 01:09 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! I don't mind. Employment is a shitty way to earn a living anyway. I have so many better things to do with my precious time. Quoting: Anonymous Coward 18629109 So, you're either rich, a hunter-gatherer, or a liar. Such a small imagination you have. Do you really believe that employment is the only way to make money? Actually, no. Selling drugs is one way to make money without employment. So is making doll houses and selling them on Etsy. I used to be a heavy construction tradesman. I'm self-employed and work from home these days. I guess that means I'm doing it wrong since I'm still employed. Must not be making much as an entrepreneur if you can't even cough up 10 bucks a month for a REAL GLP account... “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” |
Saddletramp User ID: 726900 Puerto Rico 08/03/2012 01:34 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! CORRECTION!!! Obama says it's not 8.3%...it's 8.254%!!! Wheew, thank God, I thought we were in trouble there for a minute... Last Edited by Saddletramp on 08/03/2012 01:56 PM "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Poriwoggu User ID: 6678126 United States 08/03/2012 01:49 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! CORRECTION!!! Obama says it's not %8.3...it's %8.254!!! Quoting: Saddletramp Wheew, thank God, I thought we were in trouble there for a minute... Oh, Obama does deserve credit though: [link to www.aei-ideas.org] The Stimulus plan is directly responsible for the current US vibrant economy. Last Edited by Poriwoggu on 08/03/2012 01:49 PM Poriwoggu |
Anonymous Coward User ID: 2926765 United States 08/03/2012 02:00 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! CORRECTION!!! Obama says it's not %8.3...it's %8.254!!! Quoting: Saddletramp Wheew, thank God, I thought we were in trouble there for a minute... Oh, Obama does deserve credit though: [link to www.aei-ideas.org] The Stimulus plan is directly responsible for the current US vibrant economy. |
Anonymous Coward User ID: 14103869 Canada 08/03/2012 02:03 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! so that's the official Unemployment what is it really? those numbers dont include illegal aliens or people that are not identifying themselves as looking for work because of gang affiliations or just tired of working for the man and not getting ahead in life. |
Anonymous Coward User ID: 14103869 Canada 08/03/2012 02:06 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! Notice the spreads between the U6 Rate and the published rate continues to expand dramatically... Quoting: Saddletramp Complete bullshit! Since you're looking at the numbers, why not post them? Here ya go... [link to www.shadowstats.com] This is what scary looks like: [link to research.stlouisfed.org] Less than 45% of the population is actually working. That is the lowest in 30 years. In 1980 women's employment rate was 75% of men's. Today the female employment rate is 89% of the male employment rate so there should be 7% more people working (more or less). In 1950 less than 45% of working age women worked. Just computed the current number: 139296000 Current Employment 311591917 Current Population 44.7% employment. how much of that population are children, disabled or seniors citizens? |
Anonymous Coward User ID: 7768903 United States 08/03/2012 02:07 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! It is a Depression and they totally lie about the unemployment rate...8.3% is a joke...try around 40% when you add in all the homeless and people that lost unemployment and still have no jobs... Quoting: kiska It's a DEPRESSION. We're just not allowed to call it that. But I don't think we're allowed to call it a recession either. Now we are getting , new lower paying jobs are norm. Replacing high paying jobs with low ones are a no win situation. They can work, but prices have to come way way down. |
Anonymous Coward User ID: 7768903 United States 08/03/2012 02:07 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! Notice the spreads between the U6 Rate and the published rate continues to expand dramatically... Quoting: Saddletramp Complete bullshit! Since you're looking at the numbers, why not post them? Here ya go... [link to www.shadowstats.com] Great break down thanks! |
Bluebird User ID: 730536 United States 08/03/2012 02:16 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! Notice the spreads between the U6 Rate and the published rate continues to expand dramatically... Quoting: Saddletramp Complete bullshit! Since you're looking at the numbers, why not post them? Here ya go... [link to www.shadowstats.com] And YES, they are getting father and farther apart. One of the most important aspects of conspiracy theories is being able to discern when there isn't one. Oh yeah, like you'd understand anyway. Where are we going and why am I in this handbasket?. . .J. Handy |
Anonymous Coward User ID: 20152091 United States 08/03/2012 02:40 PM Report Abusive Post Report Copyright Violation | |
Therion156 User ID: 1506341 Mexico 08/03/2012 03:21 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! @Luisport.... did ya see @ Zerohedge where the banks are demanding access to their reserves? LMAO.... so the Fed is now repoing them their supposedly own reserves as there is no free QE coming.... yep, its a liquidity\cash issue or the shot thats gonna be heard around the werld.... |
Anonymous Coward User ID: 20069564 United States 08/03/2012 03:22 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21203067 Portugal 08/03/2012 03:24 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! @Luisport.... did ya see @ Zerohedge where the banks are demanding access to their reserves? LMAO.... so the Fed is now repoing them their supposedly own reserves as there is no free QE coming.... yep, its a liquidity\cash issue or the shot thats gonna be heard around the werld.... Quoting: Therion156 1506341 Yes this is a huge news with many corners difficult to see them all... |
This Is Not Me User ID: 5799367 United States 08/03/2012 03:30 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1506341 Mexico 08/03/2012 05:23 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! So ex-employees collecting FUTA & SUTA is 8.3% of work force, while U-6 is reported 15% .... interestingly during 1930's depression era unemployment was reportedly 25% at the apex... there was no fed or state unemployment benefits no SSI disability or retirement benefits .IOW the unemployment rate included everyone not working.... regardless of age or physical condition. |
Anonymous Coward User ID: 10284198 United States 08/03/2012 05:42 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! Such a small imagination you have. Do you really believe that employment is the only way to make money? Actually, no. Selling drugs is one way to make money without employment. So is making doll houses and selling them on Etsy. I used to be a heavy construction tradesman. I'm self-employed and work from home these days. I guess that means I'm doing it wrong since I'm still employed. Must not be making much as an entrepreneur if you can't even cough up 10 bucks a month for a REAL GLP account... I don't consider myself an "entrepreneur". A true entrepreneur is someone pursuing a dream and someone who works hard to attain their dream and makes sacrifices in order to pursue success. I am not pursuing my entrepreneurial dreams and the only sacrifices I've made are to do what I'm doing now is that I left 25 years of hard work and a daily 2-3 hours of stop-and-go, bumper-to-bumper DFW traffic behind and now I have a comfortable home office and my commute is about 15 feet from my bed and I show up to work in my boxer shorts. And I have much more money than I had as a journeyman tradesman foreman working on big construction projects in far-flung places. |
Anonymous Coward 08/03/2012 06:20 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! I just heard the U6 report that includes those who have just given up and are no longer receiving unemployment would place the true rate at 15%. Quoting: Bluebird This is no where near where we need it to be to be in any kind of recovery. Even the 8.3% that they will admit to is an INCREASE in the number of unemployed. Well you heard wrong as none of the various measurements include UI benefits. U6 can be thought of as the Universe of unemployment with the other metrics being subsets---it includes part-time workers who wish to work full-time and marginally attached workers. While the U6 rate did increase 0.1% from last month to 15.%, that increase is not statistically significant. The increase to 8.3% is not a big deal due to the fact that it lies in the expected interval. |
Anonymous Coward 08/03/2012 06:22 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! It's a DEPRESSION. We're just not allowed to call it that. But I don't think we're allowed to call it a recession either. No we are not in either of those situations. No one is saying that you cannot refer to our current economic condition with those terms, but by using those terms you show just how ignorant you are to economic matters. |
Anonymous Coward 08/03/2012 06:28 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! Those collecting unemployment checks might be at 8.3%, but the real unemployment rate is well into double digits. The American news media has about as much credibility as the Soviet era Pravda and Tass news agencies. Quoting: Anonymous Coward 17972344 Unemployment Insurance status, or as you referred to as "collecting unemployment checks," has no effect on the reported unemployment rate. Relying on UI would not allow the BLS to see the larger picture as a larger number of individuals would be excluded from the sample---as it is the current sample is 60k which is much greater than is required by the CLT. |
Anonymous Coward 08/03/2012 06:31 PM Report Abusive Post Report Copyright Violation | Re: HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!! You are joking, right? No, they don't win with an 8.3% unemployed. 155,000 dropped off the count as they ran out of unemployemnt benefits. So basically, it's a wash. UI has no impact on the unemployment rate by any metric. [link to www.bls.gov] |