6.1%

bluehenbillk · Post by **bluehenbillk** » Thu Jul 03, 2014 5:47 am

That number keeps getting lower & lower & lower....

Discuss

Post by **bandl** » Thu Jul 03, 2014 5:54 am

According to OSBF 6.93-1=6.1

Post by **Ibanez** » Thu Jul 03, 2014 6:08 am

bandl wrote:According to OSBF 6.93-1=6.1

Asshole! He was a lovely, beautiful human being. A fantastic friend and now he won't return my calls! IT'S ALL BECAUSE OF YOU PRICKS WITH YOUR JOKES!

Pwns · Post by **Pwns** » Thu Jul 03, 2014 6:09 am

Is it a shrinking denominator or is it because of job creation?

Baldy · Post by **Baldy** » Thu Jul 03, 2014 6:35 am

Pwns wrote:Is it a shrinking denominator or is it because of job creation?

The denominator held steady last month so the bleeding has been controlled somewhat. At least the participation rate held steady and there was modest growth across the board. For the first time in a long time, the indicator wasn't boosted by temporary and part time labor, but most of the jobs created were still low wage jobs.

For the "new normal" it was a good report.

bluehenbillk · Post by **bluehenbillk** » Thu Jul 03, 2014 6:46 am

Wall Street likes it - 17,000 +

Post by **ASUG8** » Thu Jul 03, 2014 8:00 am

Is replacing an $80K job with a $40K job the same? I'd be curious what the underemployment rate is now. CNN put a nice spin on it, but a job from 2006 isn't necessarily the same as a job in 2014.

CID1990 · Post by **CID1990** » Thu Jul 03, 2014 8:46 am

It is good news.

Now, like the old man said, "We'll see."

Post by **AZGrizFan** » Thu Jul 03, 2014 9:18 am

ASUG8 wrote:Is replacing an $80K job with a $40K job the same? I'd be curious what the underemployment rate is now. CNN put a nice spin on it, but a job from 2006 isn't necessarily the same as a job in 2014.

Hey, get off Joe Biden's ass. He never promised you a rose garden, bitch.

CitadelGrad · Post by **CitadelGrad** » Thu Jul 03, 2014 9:39 am

bluehenbillk wrote:That number keeps getting lower & lower & lower....

Discuss

The U-3 is virtually meaningless. Keep looking at the U-6 and other indicators such as the record number who are no longer in the work force, the record number on disability and the record number who are on some form of government assistance.

The large majority of jobs that are being created are low wage and temporary. Also, the rate of job "growth" isn't keeping up with the number of people like recent high school and college graduates who are looking for work.

CID1990 · Post by **CID1990** » Thu Jul 03, 2014 10:00 am

One thing that is amazing is how unemployment can be down but so is GDP.

How can that be oh economic sages?

BDKJMU · Post by **BDKJMU** » Thu Jul 03, 2014 10:06 am

Baldy wrote:
Pwns wrote:Is it a shrinking denominator or is it because of job creation?
The denominator held steady last month so the bleeding has been controlled somewhat. At least the participation rate held steady and there was modest growth across the board. For the first time in a long time, the indicator wasn't boosted by temporary and part time labor, but most of the jobs created were still low wage jobs.

For the "new normal" it was a good report.

True it held steady. Still the # if people not in labor force rose:

People Not In Labor Force Rise To New Record, Participation Rate Remains At 35 Year Lows
http://www.zerohedge.com/news/2014-07-0 ... -year-lows" onclick="window.open(this.href);return false;

JoltinJoe · Post by **JoltinJoe** » Thu Jul 03, 2014 10:27 am

bluehenbillk wrote:Wall Street likes it - 17,000 +

Wall Street loves cheap labor. I really don't think Wall Street/the Dow are genuine markers for American prosperity any more. These numbers only tell you that the investment class is prospering. What you really want to see is high consumer confidence, higher rates of spending and saving, etc., for the broader picture.

BDKJMU · Post by **BDKJMU** » Thu Jul 03, 2014 10:28 am

CitadelGrad wrote:
bluehenbillk wrote:That number keeps getting lower & lower & lower....

Discuss
The U-3 is virtually meaningless.Keep looking at the U-6 and other indicators such as the record number who are no longer in the work force, the record number on disability and the record number who are on some form of government assistance.

The large majority of jobs that are being created are low wage and temporary. Also, the rate of job "growth" isn't keeping up with the number of people like recent high school and college graduates who are looking for work.

Exactly. The U6 is still over 12%. Someone wake me when it drops below 10%.

http://www.portalseven.com/employment/u ... ate_u6.jsp" onclick="window.open(this.href);return false;

The labor force participation rate is still at a 35 year low of 62.8%. Someone wake me when it gets back above 65%:

BDKJMU · Post by **BDKJMU** » Thu Jul 03, 2014 10:33 am

Gallup
U3 6.6%
U6 15.7%
http://www.gallup.com/poll/125639/Gallu ... force.aspx" onclick="window.open(this.href);return false;

Now you can believe Gallup's #s or the BLS's. Remember, the BLS were caught manipulating the unemployment data before the 2012 election ostensibly to help Obama's reelection.

Baldy · Post by **Baldy** » Thu Jul 03, 2014 10:43 am

BDKJMU wrote:
Baldy wrote: The denominator held steady last month so the bleeding has been controlled somewhat. At least the participation rate held steady and there was modest growth across the board. For the first time in a long time, the indicator wasn't boosted by temporary and part time labor, but most of the jobs created were still low wage jobs.

For the "new normal" it was a good report.
True it held steady. Still the # if people not in labor force rose:

People Not In Labor Force Rise To New Record, Participation Rate Remains At 35 Year Lows
http://www.zerohedge.com/news/2014-07-0 ... -year-lows" onclick="window.open(this.href);return false;

Which holds true Citgrads statement that the number of jobs created isn't keeping up with population growth.

For a normal economy, any number south of 325,000 is not good, period. However, in the Obama era of lesser expectations, it was a good number for them.

mrklean · Post by **mrklean** » Thu Jul 03, 2014 11:23 am

4 more YEARS!!!!!!!!!!!!!

Post by **ASUG8** » Thu Jul 03, 2014 11:36 am

mrklean wrote:4 more YEARS!!!!!!!!!!!!!

This is your second reminder that the election is in 2016, so we're thankfully nearly done with this buffoon.

Post by **DSUrocks07** » Thu Jul 03, 2014 12:00 pm

ASUG8 wrote:
mrklean wrote:4 more YEARS!!!!!!!!!!!!!
This is your second reminder that the election is in 2016, so we're thankfully nearly done with this buffoon.

Although I suspect that we'll see the "Obama Third Termers" to start making noise early next year.

He'll probably get a record number of write in votes however.

Post by **SeattleGriz** » Thu Jul 03, 2014 4:56 pm

Ibanez wrote:
bandl wrote:According to OSBF 6.93-1=6.1
Asshole! He was a lovely, beautiful human being. A fantastic friend and now he won't return my calls! IT'S ALL BECAUSE OF YOU PRICKS WITH YOUR JOKES!

He gave his kidney to me, but alas I don't know where he sent it, for I never got it. I wasn't smart enough apparently.

Post by **Ibanez** » Thu Jul 03, 2014 7:21 pm

SeattleGriz wrote:
Ibanez wrote: Asshole! He was a lovely, beautiful human being. A fantastic friend and now he won't return my calls! IT'S ALL BECAUSE OF YOU PRICKS WITH YOUR JOKES!
He gave his kidney to me, but alas I don't know where he sent it, for I never got it. I wasn't smart enough apparently.

You needed an algorithm to decide the tracking number. Dumbass.

Post by **SeattleGriz** » Thu Jul 03, 2014 8:18 pm

Ibanez wrote:
SeattleGriz wrote:
He gave his kidney to me, but alas I don't know where he sent it, for I never got it. I wasn't smart enough apparently.
You needed an algorithm to decide the tracking number. Dumbass.

I'm so STUPID STUPID STUPID!

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