I will chime in there. I think this jobs report is the most positive report we have seen in almost 3 years. For the first time in that long the participation rate went up AND the job market created enough jobs to more than cover population growth.
A pretty good piece from CNN Money.
What shutdown? Hiring climbs in October - Nov. 8, 2013
It goes down the list to show how mixed the jobs report is and what factors may have skewed it one way or another.
Anotehr one by the Washington post.
Economy added 204,000 jobs in October; unemployment rate ticks up to 7.3 percent - The Washington Post
In this article, they point out that 720k people left the work force, unless they already factored in the federal furloughed workers this number is skewed higher by about 600k. If not factored in, this is the first month in Obama's presidency that more jobs were created than people left the work force in any particular month. This would also explain the rise in labor participation.
Ok, Blank simple question,
Unemployment went up, is that a good or bad thing?
Do you recognize the reason why UE was falling the last 14-16 months was NOT because the economy improved, but because people left the work force and stopped looking for work?
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Unemployment Falls to 6.7 Percent Due to Workers Leaving the Labor Force | Jobs Bytes
Labor participation rate for Black males falls to "lowest level ever recorded".
Few days late.Originally Posted by Sinfix_15
Obama love da kidz doe
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
yeah theres another thread i started that goes into this.
Add jobs, UE goes UP
Lose jobs, UE Goes DOWN
clearly they are manipulating the data
You cant have negative jobs gained for the year and CLAIM the UE is going DOWN unless, you are losing workers. The only reason the UE is going down is because they are losing people in the workforce.
In other words, the economy is so bad, it appears GOOD to the non educated voter
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
The raw data isnt manipulated. The output from that data is manipulated. This is why i much prefer the U6 data over the U3. It also explains why the U3 is much more widely distributed by the media.
Tax and spend! that will fix the problem....
The average vote gets lost when you start talking u3 and u6. guys like US get it, but the average voter goes "UE IS DOWN? YAY!"
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
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