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BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years

 
Anonymous Coward
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10/11/2012 10:29 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
ONLY goes to prove the point .... A LIAR IS a LIAR, IS A LIAR !
Anonymous Coward
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10/11/2012 10:29 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Read Jack Welch's piece in Wednesday's WSJ -- the numbers are obviously phony.

Here is how the unemployment rates are calculated:

Every month, Census Dept. workers contact a sample of 60,000 households (70% by phone and the rest by knocking on the door).

The Census workers ask a list of questions and record the answers. Some of the questions allow a great deal of ambiguity -- for instance, a worker is asked if he or she had any part-time work during the previous month. The range is between 1 hour and 34 hours.

Thus, if a worker picked up an hour of babysitting the previous month, he or she could be formally listed as "employed" by the Department of Commerce, which, as you'll notice, is part of the Obama Administration.

Obama's department reported that 873,000 workers were "added" to the work force in September -- the largest one-month increase since 1983 (during the unambiguous Reagan boom). By the way, that number includes 602,000 government jobs.

That report set three records when viewed over the last several decades: the labor-force participation, growth in government jobs and overall job growth.

Isn't that amazing?

No, it insults our intelligence. Obama has to believe that we are stupid and can't draw conclusions from the facts put before us.

The truth is the labor force participation rate is 63.5%, which is the lowest since September 1981.

Here's a fact you can bank on: when Romney is elected, the economy will take off like the Space Shuttle. You will know just by driving around town that there is a real recovery underway for a change.

Vote Romney!
 Quoting: RR 14178401


Welch has absolutely no proof of anything, and the numbers took a strong dip after falling for over a year.

Some of you are clearly not aware of the facts surrounding unemployment in the U.S market.

You have a lot more to critique than the raw numbers, but it look hypocritical when you take the numbers as gospel when they are terrible for Obama, and then question them when they favor him.

It shows your agenda, and Jack Welch's agenda too.
 Quoting: Anonymous Coward 25303064


shill
 Quoting: Justalittlebad



Uhh....shill?

I am not the one posting using images, you already fit the profile of a useless drone so how about you blow off to another thread where you can ride memes and other horseshit into the Romney colored sunset.

Facts are facts, I know Republitards have a hard time with them, and like to make them up out of thin fucking air to suit their ideology, but unfortunately that doesn't fly with people who have an IQ higher than 80.
Anonymous Coward
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10/11/2012 10:30 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
AND, " Figures don't lie; BUT, LIARS FIGURE !'
Justalittlebad

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10/11/2012 10:32 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Read Jack Welch's piece in Wednesday's WSJ -- the numbers are obviously phony.

Here is how the unemployment rates are calculated:

Every month, Census Dept. workers contact a sample of 60,000 households (70% by phone and the rest by knocking on the door).

The Census workers ask a list of questions and record the answers. Some of the questions allow a great deal of ambiguity -- for instance, a worker is asked if he or she had any part-time work during the previous month. The range is between 1 hour and 34 hours.

Thus, if a worker picked up an hour of babysitting the previous month, he or she could be formally listed as "employed" by the Department of Commerce, which, as you'll notice, is part of the Obama Administration.

Obama's department reported that 873,000 workers were "added" to the work force in September -- the largest one-month increase since 1983 (during the unambiguous Reagan boom). By the way, that number includes 602,000 government jobs.

That report set three records when viewed over the last several decades: the labor-force participation, growth in government jobs and overall job growth.

Isn't that amazing?

No, it insults our intelligence. Obama has to believe that we are stupid and can't draw conclusions from the facts put before us.

The truth is the labor force participation rate is 63.5%, which is the lowest since September 1981.

Here's a fact you can bank on: when Romney is elected, the economy will take off like the Space Shuttle. You will know just by driving around town that there is a real recovery underway for a change.

Vote Romney!
 Quoting: RR 14178401


Welch has absolutely no proof of anything, and the numbers took a strong dip after falling for over a year.

Some of you are clearly not aware of the facts surrounding unemployment in the U.S market.

You have a lot more to critique than the raw numbers, but it look hypocritical when you take the numbers as gospel when they are terrible for Obama, and then question them when they favor him.

It shows your agenda, and Jack Welch's agenda too.
 Quoting: Anonymous Coward 25303064


shill
 Quoting: Justalittlebad



Uhh....shill?

I am not the one posting using images, you already fit the profile of a useless drone so how about you blow off to another thread where you can ride memes and other horseshit into the Romney colored sunset.

Facts are facts, I know Republitards have a hard time with them, and like to make them up out of thin fucking air to suit their ideology, but unfortunately that doesn't fly with people who have an IQ higher than 80.
 Quoting: Anonymous Coward 25303064


So, you truly believe we need another 4 years of Obama?
Justalittlebad/more or less
Anonymous Coward
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10/11/2012 10:33 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
ONLY goes to prove the point .... A LIAR IS a LIAR, IS A LIAR !
 Quoting: Anonymous Coward 25326508


Yeah, Romney and his campaign are built on absolute lies.

Every meme they have dreamed up has been based on grossly out of context quotes.

Every time he opens his mouth about taxes and spending he has never, once offered even a small detail on any new deductions he is going to make, or any changes to existing(and most expensive) policy enacted by Obama.

He would remove nothing from Obamacare substantial, except try and rename it.

Not, one, fucking, idea.

Go ahead she eps, go find me some fat Romney has outlined he will trim, and no, 8 million on Seasame Street doesn't fucking interest any adults, but you can go and bargain with the fucking daycare down the road if you like....
Anonymous Coward
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10/11/2012 10:36 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
...


Welch has absolutely no proof of anything, and the numbers took a strong dip after falling for over a year.

Some of you are clearly not aware of the facts surrounding unemployment in the U.S market.

You have a lot more to critique than the raw numbers, but it look hypocritical when you take the numbers as gospel when they are terrible for Obama, and then question them when they favor him.

It shows your agenda, and Jack Welch's agenda too.
 Quoting: Anonymous Coward 25303064


shill
 Quoting: Justalittlebad



Uhh....shill?

I am not the one posting using images, you already fit the profile of a useless drone so how about you blow off to another thread where you can ride memes and other horseshit into the Romney colored sunset.

Facts are facts, I know Republitards have a hard time with them, and like to make them up out of thin fucking air to suit their ideology, but unfortunately that doesn't fly with people who have an IQ higher than 80.
 Quoting: Anonymous Coward 25303064


So, you truly believe we need another 4 years of Obama?
 Quoting: Justalittlebad




Nope, I just do not want another Neo-Con bootlicker in office and the whole GOP machine is one giant Neo-Con bootlicking club.

I would rather have the majority of the public benefitted, not the Corporate Finance sector. At least with Obama, you can TRY and hold him to some moral standard, ROmney is a completely different piece of work and doesnt give a shit about hurting the little guy. At least Obama has done a little social work to humanize him. Romney is a super, super wealthy member of a highly fundamentalist Morman Sect from Mexico. No thanks.
Mr. Predictor
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10/11/2012 10:36 AM

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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
False numbers. Any "jobs" being created anyway are minimum wage jobs that you can't live off of.
 Quoting: Anonymous Coward 5739241


28965emply
6473madburger

a government study in 2008 and again in 2012 showed over 50% of the measured population were really, really stupid

“Barack Obama thinks his job is to lead the mob, not the country.”
Anonymous Coward
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10/11/2012 10:37 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Halloween stores hiring temp positions -- thaaaaat's a sign of a strong economy.
 Quoting: Super Bowl Dave


Hahahaha......ffs some of you are completely unhinged about this data.
Limpan

User ID: 1474973
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10/11/2012 10:41 AM

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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
False numbers. Any "jobs" being created anyway are minimum wage jobs that you can't live off of.
 Quoting: Anonymous Coward 5739241


28965emply
 Quoting: Mr. Predictor


This is why foodstamps gone up from the start of the recesion to now!! 30 million to 46,7 million. People are getting killed out there!!

[link to www.trivisonno.com]

wtf
DoorBert (OP)

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10/11/2012 11:27 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Much thanks for pin!
Anonymous Coward
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10/11/2012 11:27 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
The number of Americans filing for unemployment benefits dropped to a 4-1/2 year low last week, suggesting that hiring may be picking up after stalling since the spring.

The Labor Department reported Thursday that new jobless claims dropped a seasonally-adjusted 30,000 to 339,000, the lowest since February 2008. The four-week moving average, considered a more accurate gauge of labor market conditions, slid 11,500 to 364,000.

Unemployment benefit applications are a measure of the pace of layoffs. When they consistently fall below 375,000, it typically indicates that hiring is strong enough to lower the unemployment rate.

Applications have mostly stayed near or above that level since the spring, coinciding with a weak stretch of hiring.

[link to economywatch.nbcnews.com]
 Quoting: DoorBert


utter fukin brainwashing bullshit.
Anonymous Coward
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10/11/2012 11:30 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
obama gets back in your talking more mass layoffs these rich bastards are rebelling over taxes.
Anonymous Coward
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10/11/2012 11:30 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
The Antichrist is described as a liar and lawless.
Anonymous Coward
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10/11/2012 11:31 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Go get a job and quit trying to make excuses for your lazy ass.

Losers...
DeadBeacon

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10/11/2012 11:32 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
this needs to be pinned!! A news report just stated that one state(not named)was left out of this report. They didn't have the state's numbers but ran with this anyway...this is as crooked as it gets. Again a state was left out of this report and these numbers are false!
 Quoting: Anonymous Coward 881258



This!!
Varney on Fox Business was all over this.
 Quoting: Earth Cries


He's not the only one.

Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures."

[link to www.zerohedge.com]

Head Frustration
:Canadian F::State of Texas:

"Misunderestimating is only 5/4 th's of the problem"!

"Some choose to hear, few decide to listen".

"Question what you know and know why you question".

"GLP will never be the sane...uhhh...same".

"The markets will determine the fate of government intervention, not government intervening in the market".
PravdaDemocrat

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10/11/2012 11:33 AM

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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Hey, what do you expect, less than one month before the election?

[link to twitter.com]
 Quoting: DoorBert


Now that Welfare parasites no longer have to look for a job, the number of people looking for work MAGICALLY FALLS!!!

PRAISE THE MESSIAH!!!
Anonymous Coward
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10/11/2012 11:33 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Freakin funny, jobless claims going down as we approach election day. I cant describe how manipulative this OBAMA ECONOMICS are. FIRST BERNANKE ANNOUNCED QE3 just before 50 days to election and now jobless claims going down like a rock.

I have one answer,

FUCK THIS.
 Quoting: Anonymous Coward 25361363


I Agree 100%!!!!

bump
Anonymous Coward
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10/11/2012 11:33 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
David Siegel, the founder and chief executive of Westgate Resorts, a national timeshare company, became famous this year when a documentary movie, The Queen of Versailles, chronicled his effort to build the biggest home in America, a 90,000-square-foot $100 million mansion. Now he’s got a new claim to fame: sending a letter to his employees telling them they’d better think twice about who they vote for, because if Obama is reelected they may lose their jobs. The letter, which Gawker got hold of and prints in full here, begins:

“As most of you know our company, Westgate Resorts, has continued to succeed in spite of a very dismal economy. There is no question that the economy has changed for the worse and we have not seen any improvement over the past four years. In spite of all of the challenges we have faced, the good news is this: The economy doesn’t currently pose a threat to your job. What does threaten your job however, is another 4 years of the same Presidential administration. Of course, as your employer, I can’t tell you whom to vote for, and I certainly wouldn’t interfere with your right to vote for whomever you choose. In fact, I encourage you to vote for whomever you think will serve your interests the best.

He goes on to say that the Obama administration and the press “want you to believe that we live in a class system where the rich get richer, the poor get poorer. They label us the ’1%.’ . . . I’m sure many people think that I live a privileged life. However, what you don’t see or hear is the true story behind any success that I have achieved.” He then tells the tale of his self-made success, and continues:

“Just think about this – most of you arrive at work in the morning and leave that afternoon and the rest of your time is yours to do as you please. But not me- there is no “off” button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have that freedom. . .

Now, the economy is falling apart and people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for. . . .

o where am I going with all this? It’s quite simple. If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company. . . .

You see, I can no longer support a system that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities. If that happens, you can find me in the Caribbean sitting on the beach, under a palm tree, retired, and with no employees to worry about.


these are the assholes that run america. atm
PravdaDemocrat

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10/11/2012 11:34 AM

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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
False numbers. Any "jobs" being created anyway are minimum wage jobs that you can't live off of.
 Quoting: Anonymous Coward 5739241


28965emply
 Quoting: Mr. Predictor


This is why foodstamps gone up from the start of the recesion to now!! 30 million to 46,7 million. People are getting killed out there!!

[link to www.trivisonno.com]

wtf
 Quoting: Limpan


That TRUTH is very inconvenient!!

YOU MUSS BE A RASSISS!, or a 'phobe, or sumpin'!!!
Anonymous Coward
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10/11/2012 11:34 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Go get a job and quit trying to make excuses for your lazy ass.

Losers...
 Quoting: Anonymous Coward 24545480


another clueless ..comment u have no clue aint u.
DeadBeacon

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10/11/2012 11:43 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Curiously convenient news for Obama. Can't wait to find out which state.....battle ground state?


It Looks Like The Huge Drop In Jobless Claims Was All Due To One Mystery State

[link to www.businessinsider.com]
:Canadian F::State of Texas:

"Misunderestimating is only 5/4 th's of the problem"!

"Some choose to hear, few decide to listen".

"Question what you know and know why you question".

"GLP will never be the sane...uhhh...same".

"The markets will determine the fate of government intervention, not government intervening in the market".
Anonymous Coward
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10/11/2012 11:45 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
betcha I know which state..


quick call to the homies back in Illi telling them to lose their homework...



I think most people know by now to not listen to this shit
DeadBeacon

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10/11/2012 11:50 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Here we go.




“As a result, there is an accumulation of claims that are likely submitted over a period of several weeks but not processed until the turn of the quarter. Apparently, the state in question (and it pretty much has to be California to account for anything close to 30,000) forgot to include that stockpile of unprocessed claims in their tally for this week (which is the first week of a new calendar quarter). Since the seasonal factors expected an unadjusted surge of almost 20% in the period to account for the quarterly filing pattern, failure to adhere to that pattern in the raw data (unadjusted claims were only up 8.6%) creates a big drop seasonally adjusted.

[link to www.marketwatch.com]
:Canadian F::State of Texas:

"Misunderestimating is only 5/4 th's of the problem"!

"Some choose to hear, few decide to listen".

"Question what you know and know why you question".

"GLP will never be the sane...uhhh...same".

"The markets will determine the fate of government intervention, not government intervening in the market".
Anonymous Coward
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United States
10/11/2012 11:52 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
It would be nice if they could just measure how many people are working vs not (people of working age that aren't incarcerated or disabled).

But that wouldn't be as easy to spin. We'd see the coming train wreck that was the baby boom.
Anonymous Coward
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10/11/2012 11:56 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
I wonder how many businesses are getting payed to put up those "JOBS AVAILABLE" signs, then when you go in they have no jobs available. I see a lot of these signs put up at businesses, it's all a lot of bullshit.
Anonymous Coward
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10/11/2012 11:56 AM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Anonymous Coward
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10/11/2012 12:09 PM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Here we go.




“As a result, there is an accumulation of claims that are likely submitted over a period of several weeks but not processed until the turn of the quarter. Apparently, the state in question (and it pretty much has to be California to account for anything close to 30,000) forgot to include that stockpile of unprocessed claims in their tally for this week (which is the first week of a new calendar quarter). Since the seasonal factors expected an unadjusted surge of almost 20% in the period to account for the quarterly filing pattern, failure to adhere to that pattern in the raw data (unadjusted claims were only up 8.6%) creates a big drop seasonally adjusted.

[link to www.marketwatch.com]
 Quoting: DeadBeacon


Things that make you say REALLY ?!!!!!! When Jack Welch made his statement the network news made a point how very secret and diligent the people were who released these figures ! So no one noticed a big state did not release theirs ? I smell a big rat !
Anonymous Coward
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10/11/2012 12:09 PM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Here we go.




“As a result, there is an accumulation of claims that are likely submitted over a period of several weeks but not processed until the turn of the quarter. Apparently, the state in question (and it pretty much has to be California to account for anything close to 30,000) forgot to include that stockpile of unprocessed claims in their tally for this week (which is the first week of a new calendar quarter). Since the seasonal factors expected an unadjusted surge of almost 20% in the period to account for the quarterly filing pattern, failure to adhere to that pattern in the raw data (unadjusted claims were only up 8.6%) creates a big drop seasonally adjusted.

[link to www.marketwatch.com]
 Quoting: DeadBeacon


Things that make you say REALLY ?!!!!!! When Jack Welch made his statement the network news made a point how very secret and diligent the people were who released these figures ! So no one noticed a big state did not release theirs ? I smell a big rat !
Passin' Through

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10/11/2012 12:09 PM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
That laser focus on jobs has destroyed so many that there are not many left to focus the laser on.


When will the idiots wake up?
“If Noah’s flood really did occur, what would you expect to find? Billions of dead things, buried in rock layers, laid down by water, all over the earth.” And guess what we find? Billions of dead things, buried in rock layers, laid down by water, all over the earth.
Anonymous Coward
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10/11/2012 12:10 PM
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Re: BREAKING - OBAMANOMICS: U.S jobless claims plunged to 339,000; lowest level in 4 years
Obama is a GOD! Best ever
 Quoting: Anonymous Coward 18581074

Who says the democrat party isn't a religion?

News