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

[lonestar]

Originally Posted by TonyR

Curiuos who this "they" is you refer to. Is it your understanding that it's the job of the POTUS to fix the econonmy and unemployment? All by himself?

I've got news for you. Unemployment (and underemployment) is going to remain considerably higher than normal for months, if not years.

the guy spent loads of money on his stimulus bills.. do not even want to know how much was wasted there..

I do know that another 150 millions was sent down another "green" rat hole..

$150 million in tax-payer funds were given to LG Chem in order to make batteries for the electric Chevy Volt and Ford Focus. Guess what has happened?

President Obama touted it in 2010 as evidence "manufacturing jobs are coming back to the United States," but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.

Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only three weeks per month based on lack of demand for lithium-ion cells.

The facility, which was opened in July 2010 with a groundbreaking attended by Obama, has yet to produce a single battery for the Chevrolet Volt, the troubled electric car from General Motors. The plant's batteries also were intended to be used in Ford's electric Focus.

and now I quote Romney "You don't pick the winners and losers. You just pick the losers."

[lonestar]

Originally Posted by DBruleU

I'm sure they are, but that isn't the point. Point is those people want full time jobs and can't find them. This past jobs report further illustrates that. People are underemployed, or simply not looking anymore.

they get a little extra cash around the holidays are thankful for it.

typical liberal bull crap..

I believe most folks would rather have a real full time job..
Obviously that was post by one of those 47% gals/guys that has been on the dole so long they think a little extra is great..

[Requiem]

A real full time job, like being a failed car repair dude? Nice.

[lonestar]

Originally Posted by barryr

Of course with the rising gas prices, that assumes the people can afford to go anywhere and have money left over for the rising prices on everything else. The Obama campaign would rather worry about Big Bird though, which by the way, Sesame Street announced they want Obama and his team to stop using them in his campaign. Looks like Obama got b**** slapped by Big Bird too

I suspect they are worried that light that is shone on them especially with sesame street being a profitable center means cuts.. to the billions spent on PBS..

[Requiem]

Try 300 million, ya dip**** ****er.

[pricejj]

Originally Posted by Requiem

...

Cool story. I was wondering what the deal was with you moving to ND from CO. Glad you're happy. Do you have a lot of family in ND?

[L.A. BRONCOS FAN]

[Requiem]

Originally Posted by pricejj

Cool story. I was wondering what the deal was with you moving to ND from CO. Glad you're happy. Do you have a lot of family in ND?

I went to school in ND. I was born and raised in SD. I spent over 6 years in ND after HS. I moved back to South Dakota, that is where all my family is besides a few places like Arizona, Iowa and Minnesota. My grandma had terminal brain cancer and my family wanted me to come back home to help out with her final wishes. I got hired at the job I've talked to you a week before she died. That is why I am back here. To take care of business. Sometimes you have to put *your* life on hold to do stuff for others. Glad to be back here.

[TonyR]

Originally Posted by lonestar

the guy spent loads of money on his stimulus bills.. do not even want to know how much was wasted there..

You mean the stimulus that most economists say was a factor in keeping the economy from imploding? And the many economists say should have been larger? That stimulus? Oh, that's right, you're going to vote for the guy who's going to increase spending, decrease revenues, but has a magical plan he won't tell us about which will cut the deficit. All while riding a unicorn.

[BroncoInferno]

U.S. jobless claims fall to lowest in four and a half years

http://money.msn.com/business-news/a...11&id=15660648

[DenverBrit]

Originally Posted by BroncoInferno

U.S. jobless claims fall to lowest in four and a half years

http://money.msn.com/business-news/a...11&id=15660648

Dammit, that Obama also rigged the jobless claims.

[lonestar]

Rut Ro. Me thinks that I was correct about officials that were appointed by obama were more concerned about keeping their jobs than seeking the truth.

How the hell could this happen.

Saw that also this morning.

This is just getting stupid. After expectations of a rebound in initial claims from 367K last week (naturally revised higher to 369K), to 370K (with the lowest of all sellside expectations at 355K), the past week mysteriously, yet so very unsurprisingly in the aftermath of the fudged BLS unemployment number, saw claims tumble to a number that is so ridiculous not even CNBC's Steve Liesman bothered defending it, or 339K. Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures." Great, but what was reported was a headline grabbing number that is just stunning for reelection purposes. This was the lowest number since 2008. The only point to have this print? For 2-3 bulletin talking points at the Vice Presidential debate tonight. Everything else is now noise.

It is also sad that the US "economy" has devolved to such trivial data fudging on a week by week basis, which makes even the Chinese Department of Truth appear amateurish by comparison. Needless to say, Not Seasonally Adjusted initial claims jumped by 26K to 327K in the past week but who's counting. Finally, what is the reason for ongoing QEternity if the employment situation is now back to normal. Finally, in completely ignored news, because who needs global trade when you have toner cartridge, and generally ink, the US trade deficit in August rose by 4.1% to $44.2 billion, on expectations of a deterioration to $44.0 billion. Then again nobody talks about the US trade deficit during presidential debates so all good here.

Read more here. http://www.zerohedge.com/news/2012-1...low-lowest-exp

Does anyone now really believe that the morons in BLS did not THINK something was wrong or are they just that corrupt to think it would not come out until after the elections.

[lonestar]

Originally Posted by DenverBrit

Dammit, that Obama also rigged the jobless claims.

Looking more like that all the time. See above.

[DenverBrit]

Originally Posted by lonestar

Looking more like that all the time. See above.

These numbers have always been subject to revision, up or down....no matter who is in office.

Let's see which State didn't report which statistics. For now, it's just speculation and the impact unknown.

Edit: It looks like CA, the numbers will get revised next week, as usual.

[lonestar]

Originally Posted by DenverBrit

These numbers have always been subject to revision, up or down....no matter who is in office.

Let's see which State didn't report which statistics. For now, it's just speculation and the impact unknown.

Not speculation at all the BLS has confirmed it.

Read the articles that were quoted.

As for revisions absolutely but rarely on the scale that this will prove out to be.

[Pony Boy]

Originally Posted by 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 !

Uh oh .......forgot to count California .............have a great weekend!

[lonestar]

Originally Posted by Pony Boy

Uh oh .......forgot to count California .............have a great weekend!

I'm guessing the silence from most will be deafening. Just as it is whenever they get embarrassed.

Iirc CA has historically had high numbers. And probably even higher numbers than average for those that have given up looking for work.

[DenverBrit]

Originally Posted by lonestar

Not speculation at all the BLS has confirmed it.

Read the articles that were quoted.

As for revisions absolutely but rarely on the scale that this will prove out to be.

The 'speculation' was which State and what impact.

As of this post, the specific State hasn't been identified. Therefore, speculation.

it said that "one large state didn't report some quarterly figures."

[Rohirrim]

Originally Posted by L.A. BRONCOS FAN

It worked to perfection. Obama was in shock. It was as if he'd been tazed.