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

[L.A. BRONCOS FAN]

Originally Posted by elsid13

I love how every time the facts get in the way of the Republican argument, those numbers suddenly because "faked" or "don't tell the true story". But if the unemployment # were higher then they would be running around yelling that Obama was killing the economy and using the BLS data.

L0L!

But don't you know?

The BLS and other agencies are deliberately skewing their data to help Obama!

[maher_tyler]

Originally Posted by Rohirrim

U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.

The ADP National Employment Report showed private employers added 162,000 jobs in September, more than economists expected, but fewer than the 189,000 hired in August.

Separate data from the Institute for Supply Management showed that new orders helped growth in the service sector to pick up to 55.1 in September, the best pace since March, from 53.7 a month earlier.

"It looks more like things are heading in the right direction. It is this new reality - we don't have robust growth, we just have very moderate growth," said William Larkin, fixed income portfolio manager at Cabot Money Management in Salem, Massachusetts.
http://www.reuters.com/article/2012/...8920QD20121003

I guess Reuters is in on the conspiracy.

And here is another one...

The U.S. unemployment rate unexpectedly fell to a near four-year low of 7.8 percent in September, the lowest since President Obama took office. Most economists were expecting a slight rise, so the number has raised suspicions that the White House might be cooking the books ahead of the election next month.

Jack Welch, the former CEO of General Electric, quickly came out with a tweet, voicing his suspicion. On his Twitter account he accused the Obama administration of manipulating U.S. employment data for political advantage.

“Unbelievable jobs numbers…these Chicago guys will do anything…can’t debate so change numbers,” said Welch, 76 and a Republican.

“No, there’s nothing at all curious about the last jobs report diving to 7.8 percent unemployment before the election,” said Keith Urbahn, Donald Rumsfeld’s former chief of staff.

(To be fair, not all GOP members felt something underhanded was going on. As former Bush White House aide Tony Fratto put it, “BLS is not manipulating data. Evidence of such would be a scandal of enormous proportions & loss of credibility.”)



http://abcnews.go.com/blogs/business...-jobs-numbers/

[peacepipe]

This might have been brought up already,but if Obama could fudge the numbers wouldn't he have done it already? he could've fudged the numbers a yr ago.

[elsid13]

Originally Posted by peacepipe

This might have been brought up already,but if Obama could fudge the numbers wouldn't he have done it already? he could've fudged the numbers a yr ago.

Don't even try to use logic, Obama is attempting to turn the US into Kenya......

[The Lone Bolt]

Originally Posted by DBruleU

Obama didn't call him out because Romney destroyed him. Obama can't debate worth ****. It's why his dumbass followers think he should have been allowed a teleprompter.

And @ you for accusing Romney of lying to get elected. It's how Obama was elected in the first place!

Obama may have made some commitments he was unable to keep. But those pale in comparison to the huge snake-oil sales job Slick Willard gave in this debate.

[L.A. BRONCOS FAN]

[Bacchus]

It's nice to see the rate break the 8% mark.

[lonestar]

not going to bother reading the thread, because we all know there is a dumocrat circle jerk going on..

but let me add..

Who does this department report to? That is correct nobama appointments.. Does anyone want to venture a guess, that they do not want to lose their jobs. Does anyone else think for that past God only knows it has been at 8% or higher, massaging the number up a bit, might be happening?

Anyone wanna bet there is an adjustment to this right after the elections? When it is, it will not be down..

Ponder that I'm going to go back to my Sons of Anarchy marathon..

[DenverBrit]

And the ADP data, did Obama manipulate that too??

Seriously, can't some of you think beyond your devotion to party??

The ADP National Employment Report

September 2012 Report

Employment in the U.S. nonfarm private business sector increased by 162,000 from August to September, on a seasonally adjusted basis. The estimated gains in previous months were revised lower: the July increase was reduced by 17,000 to an increase of 156,000, while the August increase was reduced by 12,000 to an increase of 189,000. Employment in the private, service-providing sector expanded 144,000 in September, down from 175,000 in August. Employment in the private, goods-producing sector added 18,000 jobs in September. Manufacturing employment rose 4,000, while construction employment rose 10,000, the strongest since March when mild winter weather was boosting construction activity. The financial services sector added 7,000 jobs in September, marking the fourteenth consecutive monthly gain.

Here, educate yourself.

http://www.adpemploymentreport.com/

[Bacchus]

Originally Posted by Smiling Assassin27

Kinda sad when Obama's main message to America is 'you shouldn't change horses as you're drowning in midstream' and 'Remember the Boom of 2011!'

Funny, I have never heard that message from him, interesting

[Drek]

Originally Posted by nyuk nyuk

So let's see. Unemployment still isn't as low as it was when Bush left office and the economy is partly why the GOP was not elected (incumbents in Presidential elections have been voted out of office during recessions since at least the early 1900s). So apparently now that we're finally heading to what we were told were "dismal" unemployment levels during the Bush tenure, Obama is to get the credit, and not Bush the blame.

Bush's dismal is Obama's good. This is doubleplusgood.

Yes, in much the same way that you have more livable space in your house within the first few minutes of a raging house fire, you have more jobs in the first few weeks into a massive economic collapse.

This isn't hard to understand.

Originally Posted by Smiling Assassin27

Interestingly, Obama said that passing the stimulus bill would keep us under 8% and we'd be at about 5.6% right now. Sadly, those darn Republicans blocked it, er, wait...

Sadly, blue dog dems teamed with the GOP to cut said stimulus in half from what the POTUS actually wanted.

Originally Posted by Kaylore

The numbers aren't as pretty as they look though. A lot of it is people who couldn't find work getting part time jobs.

That's part of it, but there was also greater than expected growth in many sectors that wouldn't be part time jobs (finance, construction, etc.)

Originally Posted by Kaylore

The real story is Dems "cheering" a 7.8% unemployment rate. October always sees part time hires for before the Christmas rush.

****ing hell man. Seriously? Kay, you're smarter than this. How could they report October hiring in the first week of October?

We're likely going to see a very strong October and November for UE%. This is why jobs gained are seasonally adjusted. So that the market doesn't see a -1.5M every Feb and a bunch of +500K for Oct/Nov/Dec.

This is the problem with America. Too many of you ****ers don't understand basic economics, law, or business yet you trumpet a capitalist imperative you have no understanding of. You are literally cows being led to the slaughter house thinking "man, I bet where ever these guys are leading us is going to have lots of tasty hay to eat!"

Originally Posted by Smiling Assassin27

Interestingly, the unemployment rate for government workers plummeted.

And it's still massively behind gov't. labor force numbers pre-recession.

In fact, the Obama admin is the only time in recent history where public sector jobs numbers have shrunk in any significant way. So all the "kill gubmint in da bathtub!" rants by Reagan and the GOP since has been nothing but bluster while they have rapidly grown the size of gov't, far faster than their democratic contemporaries.

Originally Posted by The Lone Bolt

Obama may have made some commitments he was unable to keep. But those pale in comparison to the huge snake-oil sales job Slick Willard gave in this debate.

The sad thing is that the one bit of policy Romney wasn't willing to lie about is medicare vouchers, which will cost him Florida.

Obama can lose every other swing state but Ohio and Florida and still win. He's had a sizable edge in Ohio for a month now, including two weeks in which early voting was open. Romney's spin doctoring failed to safeguard him from his biggest weakness in Florida - medicare. The Obama campaign is already rolling out a new Romney anti-medicare ad statewide in Florida, this while having held a moderate lead up to this point in the state.

This is why Obama didn't respond to Romney's "$716B robbed from Medicare!" claims. He didn't want to give any new ad footage that could be selectively edited. Romney gave an absolute ton of new footage that needs very little editing, just framing side by side with previous Romney statements, to paint him as a flip floper willing to say anything to get elected.

[L.A. BRONCOS FAN]

[elsid13]

There are two freaking programs that should have been past that would both benefited the nation and got better employment result that neither side is talking about.

1. Infrastructure renewal - it time to recapitalize Eisenhower interstate program. To many crumbing roads and bridges
2. Private/Public partnership to create a smart power grid. The government should be offering low interest long term loan and grants to states and the power companies to create the next generation power generation and distribution system

[L.A. BRONCOS FAN]

[barryr]

Yeah, when Obama lies, it's just broken promises. The biggest lie of is not raising taxes on anyone making less than 250,000 when have seen them rise already with food and gas and just wait until Obamacare starts. Even more taxes on everybody. Some states right now are looking at 5 bucks/gallon for gas. Jimmy Carter days here again.

[Rohirrim]

Originally Posted by barryr

Yeah, when Obama lies, it's just broken promises. The biggest lie of is not raising taxes on anyone making less than 250,000 when have seen them rise already with food and gas and just wait until Obamacare starts. Even more taxes on everybody. Some states right now are looking at 5 bucks/gallon for gas. Jimmy Carter days here again.

The POTUS has absolutely no control over food and gas prices, dumbass.
http://www.nytimes.com/2012/04/01/bu...trol.html?_r=0

Here is why: Oil is a global market in which America is a big consumer but a small supplier. We consume about 20 percent of the world’s oil but hold only 2 percent of the oil reserves. That means we are, in economics jargon, “price takers.” Domestic production has increased during the Obama administration, but it has had minimal effects on global prices because, as producers, we are just too small to matter much. And even if domestic oil companies further increased production, they would sell to the highest global bidder.

If you’re not convinced by economic theory or the opinions of economists, consider some recent history. Presumably, no one would call President George W. Bush unfriendly to the oil industry. Yet the price of gasoline rose steadily during most of his administration. In February 2001, just after Mr. Bush took office, the average price of regular gasoline was $1.45 a gallon. By June 2008, that price had risen to $4.05. Still think presidents and oil-friendly policies can determine oil prices?

[Rohirrim]

Ever hear the one about how Romney liked to dress up like a cop, had a flashing light on his car, and liked to pull people over?
http://www.realclearpolitics.com/art...es_114471.html

[Drek]

Originally Posted by elsid13

There are two freaking programs that should have been past that would both benefited the nation and got better employment result that neither side is talking about.

1. Infrastructure renewal - it time to recapitalize Eisenhower interstate program. To many crumbing roads and bridges
2. Private/Public partnership to create a smart power grid. The government should be offering low interest long term loan and grants to states and the power companies to create the next generation power generation and distribution system

Both are in Obama's jobs bill. Congress refuses to pass it.

[Jetmeck]

Originally Posted by barryr

Yeah, when Obama lies, it's just broken promises. The biggest lie of is not raising taxes on anyone making less than 250,000 when have seen them rise already with food and gas and just wait until Obamacare starts. Even more taxes on everybody. Some states right now are looking at 5 bucks/gallon for gas. Jimmy Carter days here again.

Food and gas taxes went up because gas went up because of BS speculators that need their nuts cut for short trading oil futures when someone farts in the middle east and then nothing usually happens and we all still pay for it.

This is free market and capitalism.....you should love it.

Obama had nothing to do with it.

Obamacare will not raise taxes, I challenge you to bring facts.


This is DESPERATION and IGNORANCE on your part and your schtick is getting way old.

You just want to win regardless if the country is being hurt by republican obstruction. PARTY BEFORE COUNTRY...........

[Jetmeck]

Originally Posted by Drek

Both are in Obama's jobs bill. Congress refuses to pass it.

UNEMPLOYMENT RATES WOULD BE MUCH LESS IF THE REPUBLICANS WERE NOT BLOCKING EVERY JOBS BILL.

Republicans are the first to b**** about jobs and then they obstruct every jobs bill.


Stimilus is done after recession by every president.....this was a very very bad recession and needs more stimilus than was applied.

Yes more stimilus would have resulted in a better, stronger economy with more jobs. How do I know ? Because history shows it is true.

Just because Republicans spent all the money on stupid wars and stupid tax breaks for the rich doesn't mean we should curl up in a ball and say everybody for themself like republicans want to do.


I challenge any of you clowns to respond to this.

[Rohirrim]

Originally Posted by Jetmeck

UNEMPLOYMENT RATES WOULD BE MUCH LESS IF THE REPUBLICANS WERE NOT BLOCKING EVERY JOBS BILL.

Republicans are the first to b**** about jobs and then they obstruct every jobs bill.


Stimilus is done after recession by every president.....this was a very very bad recession and needs more stimilus than was applied.

Yes more stimilus would have resulted in a better, stronger economy with more jobs. How do I know ? Because history shows it is true.

Just because Republicans spent all the money on stupid wars and stupid tax breaks for the rich doesn't mean we should curl up in a ball and say everybody for themself like republicans want to do.


I challenge any of you clowns to respond to this.

I guarantee you this, if Romney gets elected, he'll put forward a stimulus bill, they'll all vote for it, zip their lips, and sit on their hands.

[The Lone Bolt]

Hey Mitt...

[lonestar]

Originally Posted by The Lone Bolt

Hey Mitt...

probably the most intelligent post from the lefties in this thread..



If I were big bird and about to have my job cut, because I have been living off the feds dime for my entire life.. I might feel the same way..

I think we just found another 47%ter like dream is..

[lonestar]

got this in my bullet points today..

• Let’s review:
  
  • The 114,000 jobs created in September is below the average created this year, which was 146,000.
  • The 114,000 jobs created in September is below the average created last year, which was 153,000.
  • The U-6 unemployment number, which reflects the entire labor situation, was basically unchanged at 14.7 percent.
  • If labor participation was where Obama had inherited it from George W. Bush, the unemployment rate would be closer to 11 percent.
  • Part-time people employment jumped from 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009. That means the quality of jobs people are finding is dropping.
  • And a comparison: During the Ronald Reagan recovery the country average around 275,000 new jobs a month.
  Updated:
  
  • A 7.8 percent today ties Bush’s worst unemployment month.
  • Although previous job growth revised up by 126,000, job growth in private sector was revised down by 4,000.
  • August 2010: 58.5 percent of working age Americans had jobs. August 2012: 58.3 percent of working age Americans had jobs.
  • 38,000 manufacturing jobs lost since August
  • Black unemployment January 2009: 12.6 percent … Sept 2012: 13.4 percent.

see more at..
http://www.humanevents.com/2012/10/0...t-jobs-report/

[L.A. BRONCOS FAN]

^

L0L @ the right-wing pinheads trying to spin the bad news (read: jobs report.)

Looks like you traitorous jackals and your obstructionism are a FAIL.