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Jobless rate falls- yeah, right!

Discussion in 'News & Current Events' started by Mexdeaf, Jan 6, 2012.

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  1. Mexdeaf

    Mexdeaf New Member

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    It has gone up here $.22/gal since the New Year.
     
    #21 Mexdeaf, Jan 8, 2012
  2. HankD

    HankD Well-Known Member
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    RE: The trend from mid year 2011.

    Its about the lowest its been here in my part of WA since last spring - 3.29/Gal at the station by the Shelton Walmart.

    In the Seattle area gas prices have fallen from 4.05/gal in May 2011 to 3.50/gal presently.

    http://gasbuddy.com/gb_retail_price_chart.aspx

    Adjust the chart for 1 year or 18 month averages and your city.

    HankD
     
    #22 HankD, Jan 8, 2012
    Last edited: Jan 8, 2012
  3. HankD

    HankD Well-Known Member
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    Regardless, there will probably be more pleasant surprises along the way before November.

    There are, no doubt many things the administration can do to put themselves in a better position.

    They must bide their time however and not do it all at once so that it doesn't get moved out of the political limelight and forgotten.

    My opinion of course.

    HankD
     
    #23 HankD, Jan 8, 2012
  4. Crabtownboy

    Crabtownboy Well-Known Member
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    What all the nay folk are either ignorning or do not know is that:
     
    #24 Crabtownboy, Jan 8, 2012
  5. Mexdeaf

    Mexdeaf New Member

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    No one is ignoring anything, just stating that what the news is reporting assumes facts not in evidence in the real world that we live in outside of the Beltway.

    Let's face it, it's a presidential election year and the government is going to do all they can to puff the numbers in an effort to stay in office.
     
    #25 Mexdeaf, Jan 8, 2012
  6. Crabtownboy

    Crabtownboy Well-Known Member
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    Then why didn't you or anyone else mention that 200,000 new jobs were filled in the last month?
     
    #26 Crabtownboy, Jan 8, 2012
  7. targus

    targus New Member

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    Ummmm.... because it is the first sentence of the OP? :laugh:

    If the past is any indicator of the future, in a couple of months the 200,000 new hires figure will quietly be downgraded to 10 new hires and then not reported.
     
    #27 targus, Jan 8, 2012
  8. Salty

    Salty 20,000 Posts Club
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    200,000 jobs created - but 85 k were lost in Dec!
    thus the net created jobs would be about 115,000

    as Paul Harvey would say .... "The rest of the Story"
     
    #28 Salty, Jan 8, 2012
  9. billwald

    billwald New Member

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    Price of gas should drop as the depression deepens.
     
    #29 billwald, Jan 8, 2012
  10. Mexdeaf

    Mexdeaf New Member

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    Quick notes about the "falling" unemployment rate (Trim Tabs Comments Follow):

    • In the last year, the civilian population rose by 1,695,000. Yet the labor force only rose by 274,000. Those not in the labor force rose by 1,421,000.
    • In December, the Civilian Labor Force dropped by 50,000.
    • In December, those "Not in Labor Force" rose by a whopping 194,000, In November, those "Not in Labor Force" rose by a staggering 290,000. If you are not in the labor force, you are not counted as unemployed.
    • Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.
    More at:

    http://www.financialsense.com/contr...umbers-real-improvement-or-statistical-mirage
     
    #30 Mexdeaf, Jan 8, 2012
  11. Salty

    Salty 20,000 Posts Club
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    Why?

    Lets see, you buy a product for $1.00, you normally sell it for $1.15, but because the economy is poor you sell it for 99 cents?
     
    #31 Salty, Jan 8, 2012
  12. Mexdeaf

    Mexdeaf New Member

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    And for those who love numbers, here's an interesting site:

    http://gonzoecon.com/2012/01/december-unemployment-rate/

    With these bold statements-

    As my fellow economist Dean Baker (co-director, Center for Economic Policy Research) noted in his Twitter feed (@DeanBaker13), some 42,000 of the new jobs were courier jobs, presumably seasonal hiring by FedEx, UPS, and other companies whose business increases sharply during December.

    For the last two years job losses in January have been greater than job gains in December. And remember, these are seasonally adjusted data. Unless the labor force continues to shrink at an alarming rate, the unemployment rate for January should tick up to about 8.7%. Remember, you read it here first.
     
    #32 Mexdeaf, Jan 8, 2012
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