Unemployment ticks down to 7.7%! 246k New Private Sector Jobs! Broad Based Recovery!!

[Blackjack200]

Dat American President.

The news is all over the place, but if you really need a link, here's an unreliable liberal rag.

http://www.nytimes.com/2013/03/09/business/economy/us-added-236000-jobs-in-february.html?_r=0

"At the current rate of job creation, unemployment could actually crack the 7 percent level by the end of the year."

Thanks to the President for refusing to allow the Republicans to derail the recovery. :thumbsup::thumbsup:

I wonder if Mitch McConnell will try to filibuster the next BLS report in April?

 

[sunzt]

Obama's fault

 

[thraashman]

Dat American President.

The news is all over the place, but if you really need a link, here's an unreliable liberal rag.

http://www.nytimes.com/2013/03/09/business/economy/us-added-236000-jobs-in-february.html?_r=0

"At the current rate of job creation, unemployment could actually crack the 7 percent level by the end of the year."

Thanks to the President for refusing to allow the Republicans to derail the recovery. :thumbsup::thumbsup:

I wonder if Mitch McConnell will try to filibuster the next BLS report in April?

I have to give credit to the House for actually working with the President early to prevent government shut down. I really didn't expect them to be reasonable. Hopefully the Senate will follow suit and we won't see another self aggrandizing filibuster. I really do think there should be a limit per year of allowed filibuster uses.

 

[Matt1970]

So let me get this straight. Republicans get blamed for being obstuctionists and not allowing anything to get passed in the last two year to "fix" the economy. The economy fixes itself. Give the credit to the President even though when the President DID act to fix the economy it didn't even come close to the results promised?

 

[Matt1970]

It's also funny how when the unemployment level goes up a couple points the left has all kinds of blame but none at the President. It goes down a couple points and it's all Obama.

 

[Zorba]

It's also funny how when the unemployment level goes up a couple points the left has all kinds of blame but none at the President. It goes down a couple points and it's all Obama.

It's also funny how when the unemployment level goes up a couple points the right has all kinds of blame all at the President. It goes down a couple points and it's not at all Obama.

Funny how that works...

 

[Londo_Jowo]

No way!!!! McOwned is claiming that the economy is tanking.

http://forums.anandtech.com/showthread.php?t=2306163

2013 Mass Layoffs - Economy is tanking fast again

 

[Doc Savage Fan]

Good deal! Hope it keeps up!

 

[dmcowen674]

Broad Based Recovery!!

Broad based for Wall Street, not Main Street and real Americans.

American wages are continuing to go down and mass layoffs are commencing.

 

[Doppel]

Broad based for Wall Street, not Main Street and real Americans.

American wages are continuing to go down and mass layoffs are commencing.

Wall Street added 236k jobs?

Troll, stop posting.

 

[First]

Broad based for Wall Street, not Main Street and real Americans.

American wages are continuing to go down and mass layoffs are commencing.

Stop posting, you're not good at it.

 

[Capt Caveman]

Broad based for Wall Street, not Main Street and real Americans.

American wages are continuing to go down and mass layoffs are commencing.

A brain, please go find one.

 

[CPA]

The major issue I have with this number is the increase in those not looking for work. As you all know the unemployment number no longer considers people not looking for work, so the number is skewed.

That said, there are two good things out of these numbers:

1) Construction jobs are up
2) Government jobs are down

 

[Hayabusa Rider]

Jobs up income down.

 

[Juddog]

It's also funny how when the unemployment level goes up a couple points the left has all kinds of blame but none at the President. It goes down a couple points and it's all Obama.

GOP logic
Unemployment goes up: It's the presidents fault.
Unemployment goes down: It had nothing to do with anything that the president did.

 

[Matt1970]

GOP logic
Unemployment goes up: It's the presidents fault.
Unemployment goes down: It had nothing to do with anything that the president did.

Here is the thread from the last time it went up.

http://forums.anandtech.com/showthread.php?t=2227984&highlight=unemployment

I don't see a lot of people blaming Obama. And always ignore Anarchist420.

 

[Slew Foot]

The major issue I have with this number is the increase in those not looking for work. As you all know the unemployment number no longer considers people not looking for work, so the number is skewed.

That said, there are two good things out of these numbers:

1) Construction jobs are up
2) Government jobs are down

Those two are definitely good. How many total full time employees are working now as compared to earlier?

 

[First]

The major issue I have with this number is the increase in those not looking for work. As you all know the unemployment number no longer considers people not looking for work, so the number is skewed.

Huh? The official headline unemployment rate has always excluded people not actively looking for work for the prescribed period of time of at least 1 month, which is an international standard. The number isn't skewed, it's reality pure and simple and the process for calculating it is transparent and open to comment every single year. It measures exactly what is says it measures.

Besides, at this point it is becoming less and less controversial that the labor participation rate was at a bubble before the 2008 recession, and that much of the rate drop is due to baby boomers retiring either completely or retiring and opting for part-time work.

 

[Munky]

Bwaahahahahaha! The funniest part of this thread is not the fact that the BLS and their cronies fudge numbers by "seasonal adjustment" and ignoring those no longer looking for work... but statements like "if this trend continues then... blah blah blah"

Right, hey look - today was warmer than yesterday. If this trend continues, the polar icecaps will melt and there'd be widespread catastrophe. Now where have I heard that before...

 

[CPA]

Those two are definitely good. How many total full time employees are working now as compared to earlier?

From NPR:

"Most of the reduction in unemployment from its 10 percent peak in October 2009 has been accomplished through a significant drop in the percentage of adults working or looking for work," said Peter Morici, an economics professor at the University of Maryland. "Were the participation rate the same as when President Obama took office, it would be about 10.9 percent."

 

[dmcowen674]

Originally Posted by dmcowen674
Broad based for Wall Street, not Main Street and real Americans.

American wages are continuing to go down and mass layoffs are commencing.

Stop posting, you're not good at it.

At least I am not a liar like you and your minions on here:

3-8-2013

http://finance.yahoo.com/blogs/brea...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

“You Want Fries With That?” Underemployment Remains Stubbornly High



By now you know that today's edition of The Biggest Number Ever in the form of Non-Farm Payrolls came in much better than expectations. The economy added 236,000 jobs in February far exceeding the official estimate of 175k. The unemployment rate dropped to 7.7% compared to 7.9% last month.


Wall Street is applauding and the economy continues to improve, albeit at the slowest rate in history. But the headlines aren't the real story.



According to Gallup polling the "Underemployment Rate" is near 18%.



In the attached clip I ask John Canally the Investment Strategist and Economist for LPL Financial if improvement in the unemployment rate trumps the relatively low quality of the jobs themselves.


"The ratio of full time to part time jobs is still relatively high," Canally says.



"The kind of jobs being added are not helping to push wage rates higher."

It's better for the human soul to be working rather than on the government dole but low end jobs are unlikely to drive the recovery America needs no matter what today's headlines say.

 

[CountZero]

Originally Posted by dmcowen674
Broad based for Wall Street, not Main Street and real Americans.

American wages are continuing to go down and mass layoffs are commencing.




At least I am not a liar like you and your minions on here:

3-8-2013

http://finance.yahoo.com/blogs/brea...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

“You Want Fries With That?” Underemployment Remains Stubbornly High



By now you know that today's edition of The Biggest Number Ever in the form of Non-Farm Payrolls came in much better than expectations. The economy added 236,000 jobs in February far exceeding the official estimate of 175k. The unemployment rate dropped to 7.7% compared to 7.9% last month.


Wall Street is applauding and the economy continues to improve, albeit at the slowest rate in history. But the headlines aren't the real story.



According to Gallup polling the "Underemployment Rate" is near 18%.



In the attached clip I ask John Canally the Investment Strategist and Economist for LPL Financial if improvement in the unemployment rate trumps the relatively low quality of the jobs themselves.


"The ratio of full time to part time jobs is still relatively high," Canally says.



"The kind of jobs being added are not helping to push wage rates higher."

It's better for the human soul to be working rather than on the government dole but low end jobs are unlikely to drive the recovery America needs no matter what today's headlines say.

That's the opposite of what I heard this morning that the 236k jobs were higher paying jobs than we have been seeing added before.

 

[Londo_Jowo]

OMG!!!! What will McOwned do, no economic meltdown and no drive for 5.

 

[dmcowen674]

That's the opposite of what I heard this morning that the 236k jobs were higher paying jobs than we have been seeing added before.

Stop drinking the Koolaid

 

[MomentsofSanity]

Stop drinking the Koolaid

So facts are Koolaid now? You seem desperate.

http://www.usnews.com/news/articles/2013/03/08/economy-adds-236k-jobs-unemployment-edges-down

The majority of gains are tied to the housing recovery, manufacturing, and on-shoring of jobs previously based overseas. In February, employment in construction increased by 48,000, bringing total job growth for the sector to 151,000 since September 2012. The health care industry also contributed to the encouraging headline numbers in February, posting 32,000 in job in gains.