In Good sign, Job Losses Slow as Unemployment Dips - The Orange Mane

Bronco_Beerslug · 08-07-2009, 09:56 AM

Slowly coming around it seems...

================================================== =====
In good sign, job losses slow as unemployment dips
By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 6 mins ago

WASHINGTON – Employers sharply scaled back layoffs in July, and the unemployment rate dipped for the first time in 15 months, sending a strong signal that the worst recession since World War II is finally ending.

A net total of 247,000 jobs were lost last month, the fewest in a year. That compares with 443,000 jobs that disappeared in June. And the unemployment rate for July declined to 9.4 percent from 9.5 percent in June.

The snapshot the Labor Department released Friday offered other encouraging news, too: Workers' hours nudged up after sinking to a record low in June, and paychecks grew after having stagnated or fallen.

"There's clearly been a turn for the better," said economist Ken Mayland, president of ClearView Economics. "The worst is behind us in terms of layoffs."

CONTINUE

Garcia Bronco · 08-07-2009, 10:13 AM

I question the validity of these statistics. It's good the metrics there are using have dipped, but I question what the number actually reflects.

Smiling Assassin27 · 08-07-2009, 10:58 AM

I was certain somebody would post this without bothering to critically think about what it is they've read. Garcia's on to something and here's why.

In June, the civilian workforce was 154,926,000 Americans, per the Bureau Of Labor Statistics. In July, 796,000 of those were taken out of BLS definition of labor force due to them having stopped looking for work or, and I found this odd, 'because they believe no jobs are available for them.'

So BLS basically hacked away 1/2 of 1% of the workforce that existed in June, calculated a net loss of jobs in July of 247,000 and, voila, you have the unemployment rate fall .1%. Bush did the same in 2003--it's called manipulation of data, and it's cheesy.

This is the only way an unemployment rate can actually FALL when you have a net loss of jobs.

Bronco_Beerslug · 08-07-2009, 11:33 AM

Quote:

Originally Posted by Smiling Assassin27

I was certain somebody would post this without bothering to critically think about what it is they've read. Garcia's on to something and here's why.

In June, the civilian workforce was 154,926,000 Americans, per the Bureau Of Labor Statistics. In July, 796,000 of those were taken out of BLS definition of labor force due to them having stopped looking for work or, and I found this odd, 'because they believe no jobs are available for them.'

So BLS basically hacked away 1/2 of 1% of the workforce that existed in June, calculated a net loss of jobs in July of 247,000 and, voila, you have the unemployment rate fall .1%. Bush did the same in 2003--it's called manipulation of data, and it's cheesy.

This is the only way an unemployment rate can actually FALL when you have a net loss of jobs.

The numbers are calculated the way they have been for years, do you want that to change now that Bush isn't president?

Dukes · 08-07-2009, 11:37 AM

Quote:

Originally Posted by Bronco_Beerslug

The numbers are calculated the way they have been for years, do you want that to change now that Bush isn't president?

If it was wrong then it's still wrong. What difference does it make?

Bob · 08-07-2009, 11:38 AM

Its "good" anytime the number goes down --- if it goes down a few months in a row, then we might be seeing a trend. One would expect some pop considering how much we have spent -- but Newsweek's "The recession is over" take is propiganda. Personally, like previously stated, I expect an uptick at some point, but dont think it will be long lived, we are simply too far in debt to have a real turn around without cutting expenses accross the board.

Bronco_Beerslug · 08-07-2009, 11:40 AM

Quote:

Originally Posted by Dukes

If it was wrong then it's still wrong. What difference does it make?

The difference is it wasn't wrong then to you or any other right winger here when the Bush cartel was in power. At least you never said so then.

Dukes · 08-07-2009, 11:44 AM

Quote:

Originally Posted by Bronco_Beerslug

The difference is it wasn't wrong then to you or any other right winger here when the Bush cartel was in power. At least you never said so then.

I just said it was wrong then......... good grief

Bronco_Beerslug · 08-07-2009, 11:46 AM

Quote:

Originally Posted by Dukes

I just said it was wrong then......... good grief

And I just said you and others didn't say it.... THEN but are saying it NOW, savvy?

Dukes · 08-07-2009, 11:48 AM

Quote:

Originally Posted by Bronco_Beerslug

And I just said you and others didn't say it.... THEN but are saying it NOW, savvy?

If it had been brought to my attention at that time I would say the same thing I'm saying now.

Bronco_Beerslug · 08-07-2009, 11:51 AM

Quote:

Originally Posted by Dukes

If it had been brought to my attention at that time I would say the same thing I'm saying now.

OK, that's fine but I don't remember anyone on the right agreeing with these points being brought up many times in years past.

Garcia Bronco · 08-07-2009, 12:07 PM

What percentage of that number found employment, what percentage of that number are people not looking for work and so on.

Bob · 08-07-2009, 12:07 PM

Quote:

Originally Posted by Bronco_Beerslug

OK, that's fine but I don't remember anyone on the right agreeing with these points being brought up many times in years past.

Unforunately we all have short memories -- The left often spoke of the horrible economy, when unemployment was about 1/2 what it is now...

But I agree with the basic notion -- that the right in general speaks for Liberties when a D is in charge, and said little or nothing under Bush. It shows again how dangerous alligence to party over principle is.

frerottenextelway · 08-07-2009, 01:45 PM

Awesome news for america!

Amazing just january we lost 740,000 jobs in a month.

Rigs11 · 08-07-2009, 07:52 PM

The party of no!Economy rebounding? No! Healthcare reform? No! Cash fo clunkers? No! Does global warming exist? No! Raise taxes to pay for the deficit? No!are the broncos gonna be good this year? No! Is cutler a giant vagina? No!

spdirty · 08-07-2009, 08:02 PM

, pretty funny how the entire article wasnt posted and at the bottom of the article this little insignificant line.

Quote:

Still, some Fed officials think the jobless rate could rise as high as 10.6 percent by next year. The post-World War II high was 10.8 percent at the end of 1982.

BUT THE RECESSION IS OVER!!! HAIL OBAMESSIAH!

Spider · 08-07-2009, 08:09 PM

ok just the **** up you bedwetters ........ **** is it too much to ask for you people to use your ****ing heads ?
you silly assed rat bastards , you wont drive 40 miles on alot of interstates without hitting at least 10 mile long construction zone .........
Heavy equipment is moving hand over fist , it is almost to the point where we are expected to keep up with refer haulers ..........
Construction every where , every ****ing state , bat **** boys , they even got county roads tore to **** working on them , Chaparral new Mexico , out in the middle of ****ing nowhere , guess what ......thats right Lisa Drive is all shut down due ot construction .......
and you expect your punk asses to be taken serious cause you ass clowns doubt the #'s ? **** you .........

Bronco_Beerslug · 08-07-2009, 08:11 PM

Quote:

Originally Posted by spdirty

, pretty funny how the entire article wasnt posted and at the bottom of the article this little insignificant line.
BUT THE RECESSION IS OVER!!! HAIL OBAMESSIAH!

Paying attention you would know that fair use laws have some impact on this site now (according to the owner) and posting more than a few paragraphs can violate those laws. Also, if you noticed, almost all of my posts here over the last 6 years have adhered to those laws. It's an ownership thing.

Spider · 08-07-2009, 08:13 PM

I havent been home in 3 weeks , and I wont be home any time soon , my sorry redneck ass has to haul a massive piece of equipment to Idaho from Denver .... I ma in Springerville New Mexico right now with a 370 Deere track hoe on ... 81,200 pounds by itself , I am grossing 124 K .......

Spider · 08-07-2009, 08:22 PM

This is what I have on right now , this is a serious piece of equipment , they just dont ship these things around for the fun of it ....... you will see smaller ones , but not these behemoths

Spider · 08-07-2009, 08:24 PM

thats a 50 ton trailer you see bowed

08-07-2009, 09:56 AM	#1
Bronco_Beerslug Angling in the Deep Join Date: Oct 2003 Location: Texas Riviera, Southern Mountains Posts: 24,281	In Good sign, Job Losses Slow as Unemployment Dips Slowly coming around it seems... ================================================== ===== In good sign, job losses slow as unemployment dips By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 6 mins ago WASHINGTON – Employers sharply scaled back layoffs in July, and the unemployment rate dipped for the first time in 15 months, sending a strong signal that the worst recession since World War II is finally ending. A net total of 247,000 jobs were lost last month, the fewest in a year. That compares with 443,000 jobs that disappeared in June. And the unemployment rate for July declined to 9.4 percent from 9.5 percent in June. The snapshot the Labor Department released Friday offered other encouraging news, too: Workers' hours nudged up after sinking to a record low in June, and paychecks grew after having stagnated or fallen. "There's clearly been a turn for the better," said economist Ken Mayland, president of ClearView Economics. "The worst is behind us in terms of layoffs." CONTINUE

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08-07-2009, 10:13 AM	#2
Garcia Bronco Hokie since 1993 Join Date: Apr 2001 Location: Denver, CO Posts: 45,991 Adopt-a-Bronco: Tom Jackson	I question the validity of these statistics. It's good the metrics there are using have dipped, but I question what the number actually reflects.

08-07-2009, 10:58 AM	#3
Smiling Assassin27 STOP! KIPER TIME! Join Date: Dec 2002 Location: In a van down by the river Posts: 10,961 Adopt-a-Bronco: Von Miller	I was certain somebody would post this without bothering to critically think about what it is they've read. Garcia's on to something and here's why. In June, the civilian workforce was 154,926,000 Americans, per the Bureau Of Labor Statistics. In July, 796,000 of those were taken out of BLS definition of labor force due to them having stopped looking for work or, and I found this odd, 'because they believe no jobs are available for them.' So BLS basically hacked away 1/2 of 1% of the workforce that existed in June, calculated a net loss of jobs in July of 247,000 and, voila, you have the unemployment rate fall .1%. Bush did the same in 2003--it's called manipulation of data, and it's cheesy. This is the only way an unemployment rate can actually FALL when you have a net loss of jobs.

08-07-2009, 11:38 AM	#6
Bob Ring of Famer Join Date: May 2001 Posts: 5,330	Its "good" anytime the number goes down --- if it goes down a few months in a row, then we might be seeing a trend. One would expect some pop considering how much we have spent -- but Newsweek's "The recession is over" take is propiganda. Personally, like previously stated, I expect an uptick at some point, but dont think it will be long lived, we are simply too far in debt to have a real turn around without cutting expenses accross the board.

08-07-2009, 12:07 PM	#12
Garcia Bronco Hokie since 1993 Join Date: Apr 2001 Location: Denver, CO Posts: 45,991 Adopt-a-Bronco: Tom Jackson	What percentage of that number found employment, what percentage of that number are people not looking for work and so on.

08-07-2009, 01:45 PM	#14
frerottenextelway █████ █████ Join Date: Dec 2002 Location: █████ Posts: 7,888 Adopt-a-Bronco: ██	Awesome news for america! Amazing just january we lost 740,000 jobs in a month.

08-07-2009, 07:52 PM	#15
Rigs11 Ring of Famer Join Date: Dec 2002 Posts: 7,820	The party of no!Economy rebounding? No! Healthcare reform? No! Cash fo clunkers? No! Does global warming exist? No! Raise taxes to pay for the deficit? No!are the broncos gonna be good this year? No! Is cutler a giant vagina? No!

08-07-2009, 08:09 PM	#17
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	ok just the ** up you bedwetters ........ is it too much to ask for you people to use your ing heads ? you silly assed rat bastards , you wont drive 40 miles on alot of interstates without hitting at least 10 mile long construction zone ......... Heavy equipment is moving hand over fist , it is almost to the point where we are expected to keep up with refer haulers .......... Construction every where , every ing state , bat boys , they even got county roads tore to working on them , Chaparral new Mexico , out in the middle of ing nowhere , guess what ......thats right Lisa Drive is all shut down due ot construction ....... and you expect your punk asses to be taken serious cause you ass clowns doubt the #'s ? ** you .........

08-07-2009, 08:13 PM	#19
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	I havent been home in 3 weeks , and I wont be home any time soon , my sorry redneck ass has to haul a massive piece of equipment to Idaho from Denver .... I ma in Springerville New Mexico right now with a 370 Deere track hoe on ... 81,200 pounds by itself , I am grossing 124 K .......

08-07-2009, 08:24 PM	#21
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	thats a 50 ton trailer you see bowed