Unemployment drops to 7.8%.....uh oh

[Jetmeck]

Just when the right tards were ready to celebrate Romney's total lack of substance winning debate performance. Truth is he didn't win chit because he lied about his tax plan and its on video. What's new he flips on everything.

But he was assertive and aggressive so he won ? Wrong............................................. .................................................. .


Don't let the jobs report get in your way.............have a great weekend !

[Requiem]

If Obama got the FDR treatment, everyone could be working after 16 years!

[TonyR]

Good news for America. Bad news for the GOP.

[Rohirrim]

I wonder where the number would be if the Republicans in Congress didn't block Obama's Jobs bill?

[Smiling Assassin27]

If you think this is good news, you're competing with a doornail for the highest level of dumb. But, like you, the American electorate eats what the media feeds them, so 114k job growth and a reduction in the unemployment rate, while ignoring the participation rate and the actual jobs that were the reason is just perfect. Thanks, Mr. President, you've saved us!

Wake the **** up and read. Of course, your president promised that if we implemented the stimulus (remember that?), we'd be at 5.6% right now. Oops! It's nearly all part time jobs that don't even qualify to be called 'non-farm payroll'. Do yourself a favor and google 'U-6 rate', although people in denial will choose NOT to, i'm sure.

Crap report. 114k jobs growth would be super--in 1962.

[BroncoInferno]

^ Thanks for the spin from the lunatic fringe, Rush.

[TonyR]

Originally Posted by Smiling Assassin27

If you think this is good news, you're competing with a doornail for the highest level of dumb.

You're certainly in no position to be calling anyone else "dumb". Every one of your posts is more preposterous than the last. You really have an inflated opinion of yourself and a tenuous grasp of reality.

No, this isn't "great" news. Nobody is dancing in the streets. The economy still sucks. But the direction is the right one. This is a positive, not a negative.

[Rohirrim]

I haven't heard this news reported anywhere as anything other than a slight improvement over what was expected. It's good, because for once in many, many months, the number has dropped below 8%. But still mediocre. Once again, the Smiling Ass goes all hysterical over nothing.

[barryr]

Hmm, so right after Obama's dismal performance, this gets reported? How convenient. Only a fool believes this and the timing

[DenverBrit]

Originally Posted by barryr

Hmm, so right after Obama's dismal performance, this gets reported? How convenient. Only a fool believes this and the timing

The only fool is you.

It's the monthly job report, comes out same time each month.

[barryr]

Originally Posted by DenverBrit

The only fool is you.

It's the monthly job report, comes out same time each month.

Sure, sure, the real unemployment is still over 14% and no change, but be happy the Obama team are manipulating the numbers right before the election. Nice try though Desperate times call for desperate measures.

[BroncoInferno]

Originally Posted by barryr

Sure, sure, the real unemployment is still over 14% and no change, but be happy the Obama team are manipulating the numbers right before the election.

And your evidence?

[barryr]

Originally Posted by BroncoInferno

And your evidence?

, a liberal jug asking for evidence when they spout all kinds of garbage using liberal websites as "evidence."

[BroncoInferno]

Originally Posted by barryr

, a liberal jug asking for evidence when they spout all kinds of garbage using liberal websites as "evidence."

In other words, you've got no evidence; you just made **** up again.

[DenverBrit]

Originally Posted by barryr

Sure, sure, the real unemployment is still over 14% and no change, but be happy the Obama team are manipulating the numbers right before the election. Nice try though Desperate times call for desperate measures.

Good grief you're an idiot.

[Garcia Bronco]

I also question the accuracy of that number, however the measuring stick is the same. So this is good news for our economy if true.

[TonyR]

Just when I thought barryr couldn't prove to be any more of a moron...

Look, bro, if the Obama admin was going to manipulate numbers they would have done it well before now and they would have moved the numbers quite a bit more than this.

[DBruleU]

The largest drop in EU rate in 29 years? While we added only 114k jobs? Less than previous months? Yeah, that seems normal. And like every other month, the #'s will once again be revised upwards. These numbers don't even add up. We have sluggish job creation and a downward revision of GDP.

If labor force participation were the same today as it was when Obama took office, we'd be at 10% UE.

Reading through these threads here it's clear how throughout history corrupt governments took control of their people....they sold so much BS and their people never knew what was ACTUALLY going on behind phony "facts."

[55CrushEm]

Originally Posted by DBruleU

The largest drop in EU rate in 29 years? While we added only 114k jobs? Less than previous months? Yeah, that seems normal. And like every other month, the #'s will once again be revised upwards.

If labor force participation were the same today as it was when Obama took office, we'd be at 10% UE.

Reading through these threads here it's clear how throughout history corrupt governments took control of their people....they sold so much BS and their people never knew what was ACTUALLY going on behind phony "facts."

7.8% unemployment when Bush left office...."Horrible!"

7.8% unemployment in Sept 2012...."Terrific!"

And yes, like last month......the drop is due to people GIVING UP looking for work.....and in the case of this month, PART time jobs.

No matter what way you cut it......job growth still isn't keeping up with population growth. But spin away....."This is a GREAT report."

[Meck77]

Say whatever makes you feel good fellas. The fiscal cliff approaches.....It's going to be nasty.

[Drek]

Originally Posted by Smiling Assassin27

If you think this is good news, you're competing with a doornail for the highest level of dumb. But, like you, the American electorate eats what the media feeds them, so 114k job growth and a reduction in the unemployment rate, while ignoring the participation rate and the actual jobs that were the reason is just perfect. Thanks, Mr. President, you've saved us!

Participation rate is up, FYI, and the decline is built entirely on people getting new jobs.

Helps that normally things like this are incredibly conservative hence why there was so much upward revision for July and August.

Originally Posted by Garcia Bronco

I also question the accuracy of that number, however the measuring stick is the same. So this is good news for our economy if true.

These numbers have been coming in conservatively low for all of recent history, which is why we've seen so much upward revision in the July and August numbers.

We're likely going to see further upward revision for August in October and the first of another two upward revisions for September then as well.

Fact is, the economy appears to be creating just under 200K jobs per month, which is the target to really start steady decline in unemployment. It isn't getting reported accurately because its a damn hard thing to track on a week to week basis. The gov't. needs at least a month of payroll tracking to really get good confirmation on real data and it also needs time to process it.

Its good news and with the likely wave of holiday hiring around the corner, rallying consumer optimism, and some clear political future emerging in early November the U.S. economy should be poised for a strong 2013 that can finally get the nation off the mat from the financial crisis.

[Smiling Assassin27]

Originally Posted by barryr

Hmm, so right after Obama's dismal performance, this gets reported? How convenient. Only a fool believes this and the timing

Interestingly, Obama has been telling us for 40 months not to put stock in one little jobs report. Listen to your messianic overlord, people!

[Mr.Meanie]

Originally Posted by barryr

Hmm, so right after Obama's dismal performance, this gets reported? How convenient. Only a fool believes this and the timing

Wow

No but seriously, were you being sarcastic?

[Drek]

Originally Posted by Meck77

Say whatever makes you feel good fellas. The fiscal cliff approaches.....It's going to be nasty.

Not really. Law makers are already working on the resolution for that dilemma. Boehner and co. overplayed their hands last fall when Obama was willing to deal, now they'll scramble at the last minute when he wins reelection, the senate stays dem, and the house levels out a bit. That deal will be constructed knowing that the Bush era tax cuts will be gone briefly before anything new can be passed as well, so it'll be working on a clean slate.

That means full repeal of Bush era tax cuts for people earning over $250K (possibly even $100K if the dems get real aggressive) and military spending cuts that are greater than domestic spending cuts. It will also likely mean a second stimulus very much along the lines of Obama's current jobs bill proposal.

We'll slip over the cliff just long enough to get drug back at the last minute when house republicans cave in order to keep their jobs. The big question is how well the GOP can spin it and if they can get the tea party types to toe the line or if it's going to be the first truly splintered GOP vote in a long time. If they can't get those tea party types in line and we see strong growth following the new plan (which is highly likely) they'll be DOA for voting against it in all but the most red districts. If that means a democratic win in the 2014 midterms Obama could be the first president in a long time to play out his last two years of his second term with both the house and senate on his side.

This is what conservatives need to be afraid of. Obama with a blank check for 2015 and 2016. If they don't play their cards right the next several months it will happen. The White House is lost and the senate is likely out of reach. Being rational and quick to react within the house is the only way to save some measure of control.

[Drek]

Originally Posted by barryr

Hmm, so right after Obama's dismal performance, this gets reported? How convenient. Only a fool believes this and the timing

Jobs numbers for the previous month ALWAYS come out the first Friday of the following month.

Do you even follow how our government works or do you just turn on Rush/Beck/Hannity/etc. to get your marching orders and ignore everything else?