Will be BS if the Jobs report isn't released Fri

[GannonFan]

What is the REAL unemployment number? It's closer to 15%.

Sssshhhhh. That was only relevant when this was still Bush's recession.

It isn't still? I was under the impression that Bush is still responsible for what ails us? No?

[Ibanez]

The U-6 (real unemployment rate) is 14.6%.

Not to defend Obama's policies but where was it in 2009? I remember progressive economist quoting the U6 a ton back then. Now it's fashionable for conks I guess.

It was 14.2 in January 2009.


It is decreasing.

[kalm]

Sssshhhhh. That was only relevant when this was still Bush's recession.

It isn't still? I was under the impression that Bush is still responsible for what ails us? No?

It took us more than 8 years of Bush to get us in this mess. But he certainly helped the process along.

[Bronco]

Two-thirds of jobs go to immigrants during Obama’s four years

Washington Times ^ | Oct 31, 2012 | By Stephen Dinan

"Researchers say legals and illegals are more mobile than natives in America"

Two-thirds of those who have found employment under President Obama are immigrants, both legal and illegal, according to an analysis that suggests immigration has soaked up a large portion of what little job growth there has been over the past three years.

The Center for Immigration Studies is releasing the study Thursday morning, a day ahead of the final Labor Department unemployment report of the campaign season, which is expected to show a sluggish job market more than three years into the economic recovery.

That slow market, combined with the immigration numbers, could explain why Mr. Obama and Republican nominee Mitt Romney have struggled to find a winning jobs message in some of the country’s hardest-hit postindustrial regions.

“It’s extraordinary that most of the employment growth in the last four years has gone to the foreign-born, but what’s even more extraordinary is the issue has not even come up during a presidential election that is so focused on jobs,” said Steven A. Camarota, the center’s research director, who wrote the report along with demographer Karen Zeigler.

His numbers are stark: Since the first quarter of 2009, the number of immigrants of working age (16 to 65) who are employed has risen 2 million, from 21.2 million to 23.2 million. During the same time, native-born employment has risen just 1 million, to reach 119.9 million.

(Excerpt) Read more at washingtontimes.com ...

[CitadelGrad]

The U-6 (real unemployment rate) is 14.6%.

Not to defend Obama's policies but where was it in 2009? I remember progressive economist quoting the U6 a ton back then. Now it's fashionable for conks I guess.

2009 U-6 Unemployment Rate

Jan 14.2
Feb 15.1
Mar 15.7
Apr 15.8
May 16.4
Jun 16.5
Jul 16.5
Aug 16.7
Sep 16.8
Oct 17.2
Nov 17.1
Dec 17.1

[CitadelGrad]

Not to defend Obama's policies but where was it in 2009? I remember progressive economist quoting the U6 a ton back then. Now it's fashionable for conks I guess.

It was 14.2 in January 2009.


It is decreasing.

14.2 to 14.6 is not a decrease.

[Ibanez]

It was 14.2 in January 2009.


It is decreasing.

14.2 to 14.6 is not a decrease.

Look at the whole 4 yrs, bellhop. It's decreasing but hasn't fallen below 14.2.

[kalm]

It was 14.2 in January 2009.


It is decreasing.

14.2 to 14.6 is not a decrease.

[Ibanez]

14.2 to 14.6 is not a decrease.

Someone can't read a graph.

[89Hen]

Someone can't read a graph.

The number is higher today than when he took office. It's only a decrease when you compare it to itself.

[Grizalltheway]

Someone can't read a graph.

The number is higher today than when he took office. It's only a decrease when you compare it to itself.

The recession didn't bottom out until late 2009, when it was 17.1. It's down 3 percent from that.

[CitadelGrad]

The number is higher today than when he took office. It's only a decrease when you compare it to itself.

The recession didn't bottom out until late 2009, when it was 17.1. It's down 3 percent from that.

17.1 - 3 = 14.1. The current rate is 14.6. That's not 3 percent.

[CitadelGrad]

Someone can't read a graph.

I can read a graph. There is no decrease over the 4 years. There is a decrease from the high during that period, but the rate actually increase for much of 2012. So what?

[Grizalltheway]

The recession didn't bottom out until late 2009, when it was 17.1. It's down 3 percent from that.

17.1 - 3 = 14.1. The current rate is 14.6. That's not 3 percent.

So I rounded up. Sue me.

[Ibanez]

Someone can't read a graph.

I can read a graph. There is no decrease over the 4 years. There is a decrease from the high during that period, but the rate actually increase for much of 2012. So what?

You can't acknowledge improvement???

[dbackjon]

I can read a graph. There is no decrease over the 4 years. There is a decrease from the high during that period, but the rate actually increase for much of 2012. So what?

You can't acknowledge improvement???

Nope

[GannonFan]

The U-6 (real unemployment rate) is 14.6%.

Not to defend Obama's policies but where was it in 2009? I remember progressive economist quoting the U6 a ton back then. Now it's fashionable for conks I guess.

You know, all the back and forth over the number and this was the initial question in the thread - what was it in 2009 compared to what it is now. So basically everyone is correct - the rate is higher than it was when Obama took office, and it's lower than it's been at the worst during Obama's presidency (so it's better than it's been).

[kalm]

Someone can't read a graph.

The number is higher today than when he took office. It's only a decrease when you compare it to itself.

Also, what GF said.

[CitadelGrad]

I can read a graph. There is no decrease over the 4 years. There is a decrease from the high during that period, but the rate actually increase for much of 2012. So what?

You can't acknowledge improvement???

If you think a relatively small increase in temp and low-wage jobs is improvement, then I suppose you have low expectations. After four years, economic growth isn't strong enough to repair the middle class or the housing market. If you think people going on the food stamp rolls at many times the rate of people going back to work is an improvement, that is further evidence of your low expectations.

The U-3 decline in September was bullshit. The October U-3 actually increased. That isn't improvement.