Jobs Report Disappoints, Participation Rate Falls to Lowest Since 1977

[Victorian Gray]

Typical bryce post. Worthless.

And welcome:



Not that there is much to ignore, but it does tidy things up a bit.

Keep it up and soon you will be happily reading only your own posts.

 

[dawheat]

http://www.bloomberg.com/news/artic...-u-s-rose-in-june-with-little-change-in-wages

Can we all agree that looking at this anymore:

is meaningless because of this:

Unless you find two unemployment rates that share the exact same labor participation rate at the time, its meaningless to compare unemployment rates today with those of yesteryear. The media is suspect when they keep cheering lower unemployment rates now than when Obama first took office. Meaningless drivel.

This made me think of a quote from Andrew Lang - when someone wants to use data without understanding it.

"He uses statistics as a drunken man uses lamp posts – for support rather than for illumination."

 

[JSt0rm]

TH is off tugging semen on the open seas so xbiff carries the stupid torch. Congrats on your promotion. Maybe TH will come back and you can go do the tug job.

 

[nickqt]

If only we could go back to the economy we had on January 19th, 2009!

Keep on keepin' on.

 

[MongGrel]

I'm laid off atm, again for the third time in the last 5 years.

At least the last one lasted 2.5 years or so, I'm getting sick of this lame ass economy myself.

I'd like to go back to 2000, when the economy was in good shape, before Dubya and Cheney started raping the country for profit.