March figures show biggest job gains in three years

[dmcowen674]

Righties?? I read it as the lowest job loss in three years. Don't we need 250,000+ jobs created per month to stay even?

Funny when your hero Bush was in, it was 150,000 a month now that your arch enemy is in control you add 100,000 to the number.

Predictable you America haters are, predictable.

 

[Patranus]

Funny when your hero Bush was in, it was 150,000 a month now that your arch enemy is in control you add 100,000 to the number.

Predictable you America haters are, predictable.

The unemployment rate under Bush was ~4.5%.

It is much easier to go from no jobs to few jobs than it is to go from many many jobs to many many many more jobs. Imagine a logarithmic scale.

 

[ShawnD1]

The unemployment rate under Bush was ~4.5%.

It is much easier to go from no jobs to few jobs than it is to go from many many jobs to many many many more jobs. Imagine a logarithmic scale.

Sounds a bit like the way dodge rates are calculated in world of warcraft.
rate of change = dX/(1 - X)

What this formula says is that a 1% change is not always a 1% change. Going from a 1% dodge to 2% dodge is a very small increase because it's only changing from 99% chance of being hit to a 98% chance of being hit. If we start at something like 95% dodge, a 1% increase means going from 5% being hit to 4% being hit; effectively a 20% change.

We'll replace "dodge" with employed and replace "hit" with unemployed.
effective change = (employment change) / (1 - employed)

Put it in excel and you'll see what it looks like. It looks like a regular 1/X curve but it's flipped sort of.


edit
Here's a picture

 

[Throckmorton]

Here's your sign you play too much WoW!

 

[Tristicus]

Funny when your hero Bush was in, it was 150,000 a month now that your arch enemy is in control you add 100,000 to the number.

Predictable you America haters are, predictable.

Didn't you vote for Bush? So was he your hero too?

 

[her209]

The unemployment rate under Bush was ~4.5%.

It is much easier to go from no jobs to few jobs than it is to go from many many jobs to many many many more jobs. Imagine a logarithmic scale.

Diminishing Returns

 

[Patranus]

Initial jobless claims increase unexpectedly

The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.

http://finance.yahoo.com/news/Initial-jobless-claims-apf-355511092.html?x=0&.v=7

Obummer

 

[Mean MrMustard]

Seperate the increase of employment between the government and private sectors.

If the private sector is growing for a 3 month stretch, then the corner has been rounded.

A month to month swing is stagnation

/thread

 

[IGBT]

CNN Money ^ | 04/08/10 |
NEW YORK (CNNMoney.com) -- The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday. There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department's weekly report.

 

[CADsortaGUY]

Initial jobless claims increase unexpectedly

http://finance.yahoo.com/news/Initial-jobless-claims-apf-355511092.html?x=0&.v=7

Obummer

unexpectedly ROFL!!!!

"news" reporter - eh?