Jobs Report is out, confirms what I and others have been saying.......

[Vteckidd]

So the new Jobs reports comes out today.

Good News for Dems: 170000 jobs added
Bad News for Dems: 171000 Jobs lost

Bad news For Everyone: Unemployment rate went UP 1/10th of a point, despite 380,000 people RETURNING TO THE WORK FORCE.

Think about that for a second. 380k worth of people re-entered the labor force in some capacity, yet UE went UP. How does that happen?

Because when they fudge the numbers by claiming UE goes DOWN when people drop out of the pool, the only logical thing to happen is have the number go back UP when they re-enter. The sampling pool grows.

100 people are WORKING=0% UE
10 People become UE: UE=10% (10 /100)
100= labor participation rate

Labor Participation rate =90 after 99 weeks
5 Become UE: UE=5% (5/90)


Did UE REALLY GO DOWN? No. The sampling size got smaller, and now you have 15 people out of work you just stopped counting the original 10, and shrunk the sample size down.

Naturally when those people reenter the work force again, it is going to re-adjust those numbers.

Make sense?

[.blank cd]

Link to jobs reports?

[Vteckidd]

Employment Situation Summary (http://www.bls.gov/news.release/empsit.nr0.htm)

[Vteckidd]

Link to jobs reports?

.gov site, should be unbiased. SHOULD.

FYI this has nothing to do with Obama, not political thread. its a numbers thread.

[.blank cd]

.gov site, should be unbiased. SHOULD.

FYI this has nothing to do with Obama, not political thread. its a numbers thread.

Just wanted to make sure there were in fact actual numbers. Lol

[Vteckidd]

Just wanted to make sure there were in fact actual numbers. Lol

:P

I know better. I actually heard the participation rate jump on WSB, have not confirmed that, but i did see in this report that the percentage itself of participation went up

[Sammich]

.gov site, should be unbiased. SHOULD.

FYI this has nothing to do with Obama, not political thread. its a numbers thread.

good luck w/ that last portion you know who, is coming in lol

[Vteckidd]

good luck w/ that last portion you know who, is coming in lol

Im just talking numbers here, has nothing to do with Obama/Romney. Both sides have points they can argue about honestly out of this report.

However, people should know how warped and crazy our govt is with these numbers they are releasing.

[.blank cd]

However, people should know how warped and crazy our govt is with these numbers they are releasing.I'll take them with a grain of salt, but the BLS numbers are about as accurate as we're gonna get. Just seems to me, in the media's case (particularly faux news), the numbers are fixed when it makes him look like he's doing a good job, and they're dead-on-balls accurate when it shows the opposite. In either case, I don't think the president has much to do with those numbers anyway.

[bu villain]

You are absolutely right that the UE methodology is FAR from perfect but when you say the government "fudges" the numbers, I don't think that is accurate. They use the same methodology every time whether it makes them look better or worse than the last time. You may not like the accuracy of that methodology (who does?) but they don't change it on a political whim.

[BanginJimmy]

I'll take them with a grain of salt, but the BLS numbers are about as accurate as we're gonna get.


The BLS numbers are as accurate as you will find, but everyone uses the wrong number. We should be going off the U6 number, not the U3 number. The U3 doesnt even give a decent idea as to what the unemployment rate is.

Sept 2012:
U3 - 7.8
U6 - 14.7

Oct 2012:
U3 - 7.9
U6 - 14.6


The U6 rate includes: Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.


Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.

[Sinfix_15]

I'll take them with a grain of salt, but the BLS numbers are about as accurate as we're gonna get. Just seems to me, in the media's case (particularly faux news), the numbers are fixed when it makes him look like he's doing a good job, and they're dead-on-balls accurate when it shows the opposite. In either case, I don't think the president has much to do with those numbers anyway.

Funny to me how many libs make fun of fox news.

This man here is about as biased as they come.
http://www.umgeo.org/wp-content/uploads/2012/04/s-RACHEL-MADDOW-large.jpg

truthfully..... every single news show on TV right now shows a very heavy biased one way or the other. I see more left wing media than i do right. Fox is obviously biased, but how can you keep insulting Fox when every other media is equally as biased.

The only news show i watch where i dont feel like im watching a campaign ad is Erin Burnett out front.

[bu villain]

Funny to me how many libs make fun of fox news.

This man here is about as biased as they come.
http://www.umgeo.org/wp-content/uploads/2012/04/s-RACHEL-MADDOW-large.jpg



At first glance I thought it was Hannity.


truthfully..... every single news show on TV right now shows a very heavy biased one way or the other. I see more left wing media than i do right. Fox is obviously biased, but how can you keep insulting Fox when every other media is equally as biased.

The only news show i watch where i dont feel like im watching a campaign ad is Erin Burnett out front.

Then turn off the TV!

[Elbow]

All I know is every business around here has a "Now Hiring" sign out front, not even kidding, I've never seen so many places hiring in my life. I don't say that as an indication anything is better, I'm just saying how weird it is because I'm not even exaggerating. lol

[Vteckidd]

All I know is every business around here has a "Now Hiring" sign out front, not even kidding, I've never seen so many places hiring in my life. I don't say that as an indication anything is better, I'm just saying how weird it is because I'm not even exaggerating. lol

this is true, but the problem is you have to look at the types of jobs being hired for right now.

There was a survey out of the last 6 months about exactly what jobs are being created, and the majority was low level part time entry skilled jobs. IF you see a bunch of signs saying NOW HIRING and its Mcdonalds, Target, Wal Mart, no offense, but that is

A) seasonal (xmas around the corner)
B) not the long term sustainable jobs the country really needs. We dont want a ton of minimum wage jobs replacing the high paying jobs we had 8 years ago

The problem with UE is there are a ton of factors you have to look at to form an opinion. Too many people just look at the number and forget about actually interpreting the raw data.

[Elbow]

this is true, but the problem is you have to look at the types of jobs being hired for right now.

There was a survey out of the last 6 months about exactly what jobs are being created, and the majority was low level part time entry skilled jobs. IF you see a bunch of signs saying NOW HIRING and its Mcdonalds, Target, Wal Mart, no offense, but that is

A) seasonal (xmas around the corner)
B) not the long term sustainable jobs the country really needs. We dont want a ton of minimum wage jobs replacing the high paying jobs we had 8 years ago

The problem with UE is there are a ton of factors you have to look at to form an opinion. Too many people just look at the number and forget about actually interpreting the raw data.

I've seen them at smaller local businesses, like sign shops and what not, yes, not long term jobs, but having been in a jobless/hopeless feeling situation where you apply EVERYWHERE and nobody hires you, it's good to see some people are hiring. I feel like McDonalds and those types of places are always hiring though. lol Although a year or so again when I had like zero work and was desperate I applied at every fast food chain and never even got a call.

Like I said though, I just thought it was weird, not that this is an indication that the job market is better, it may be around here, but...

[Vteckidd]

I've seen them at smaller local businesses, like sign shops and what not, yes, not long term jobs, but having been in a jobless/hopeless feeling situation where you apply EVERYWHERE and nobody hires you, it's good to see some people are hiring. I feel like McDonalds and those types of places are always hiring though. lol Although a year or so again when I had like zero work and was desperate I applied at every fast food chain and never even got a call.

Like I said though, I just thought it was weird, not that this is an indication that the job market is better, it may be around here, but...

its a good sign for sure, I can tell you the upper IT jobs that i apply for are so stagnate. I have 10 people that i know are well qualified and actively looking and just not working out

[BanginJimmy]

its a good sign for sure, I can tell you the upper IT jobs that i apply for are so stagnate. I have 10 people that i know are well qualified and actively looking and just not working out

Going to PM you a link in a bit. My employer had a few IT and software jobs open last time I looked. Mostly engineer and network security but some IT management also.

Sent from my DROIDX using Tapatalk 2

[BanginJimmy]

Lockheed Martin · Job Search Results (http://www.lockheedmartinjobs.com/job-search-results.aspx?sitesel=All)


Wont let me link to specific jobs, but that is everything that is open. Like I said, several software engineering positions and a few others that fall under IT. Quite a few more outside of Atlanta though.