Unemployment numbers

[bbsam]

Out with the old Racist --in with the new Racist --now that is Progress .

Amazing how people say they hate racists --then they become what they hate --and do not even realize it --very sad !!

So...moreluck is the old racist and TOS is the new racist?

 

[moreluck]

So...moreluck is the old racist and TOS is the new racist?

I'm a bigot ! There's a difference!!!

 

[bbsam]

Really?
All I've heard since November 6 is companies laying off people and cutting the hours of the people they don't lay off.
I'm not sure we've seen the worst of it yet.
You can thank your obama.

So, is the sky still falling?

 

[bbsam]

I'm a bigot ! There's a difference!!!

Yes. Age. But as they say, "...a rose by any other name would smell as sweet. "

 

[moreluck]

Bless your heart!

 

[bbsam]

What?

 

[moreluck]

What?

ask a southerner.

 

[Indecisi0n]

Obama is going to fix it.

 

[bbsam]

ask a southerner.

Ask 407.

 

[moreluck]

Obama is going to fix it.

 

[The Other Side]

Obama is going to fix it.

Already did.

 

[Jones]

Limbaugh Claims 5.9 Percent Unemployment Rate Is "Illegitimate"

 

[wayfair]

1. COSTELLO: I want to talk about the unemployment rate in America.
   
   ABBOTT: Good Subject. Terrible Times. It's 7.8%.
   
   COSTELLO: That many people are out of work?
   
   ABBOTT: No, that's 14.7%.
   
   COSTELLO: You just said 7.8%.
   
   ABBOTT: 7.8% Unemployed.
   
   COSTELLO: Right 7.8% out of work.
   
   ABBOTT: No, that's 14.7%.
   
   COSTELLO: Okay, so it's 14.7% unemployed.
   
   ABBOTT: No, that's 7.8%.
   
   COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?
   
   ABBOTT: 7.8% are unemployed. 14.7% are out of work.
   
   COSTELLO: If you are out of work you are unemployed.
   
   ABBOTT: No, Congress said you can't count the "Out of Work" as the unemployed.
   You have to look for work to be unemployed.
   
   COSTELLO: BUT THEY ARE OUT OF WORK!!!
   
   ABBOTT: No, you miss his point.
   
   COSTELLO: What point?
   
   ABBOTT: Someone who doesn't look for work can't be counted with those who look
   for work. It wouldn't be fair.
   
   COSTELLO: To whom?
   
   ABBOTT: The unemployed.
   
   COSTELLO: But ALL of them are out of work.
   
   ABBOTT: No, the unemployed are actively looking for work. Those who are out
   of work gave up looking and if you give up, you are no longer in the ranks of
   the unemployed.
   
   COSTELLO: So if you're off the unemployment rolls that would count as less
   unemployment?
   
   ABBOTT: Unemployment would go down. Absolutely!
   
   COSTELLO: The unemployment just goes down because you don't look for work?
   
   ABBOTT: Absolutely it goes down. That's how they get it to 7.8%. Otherwise it
   would be 14.7%. Our govt. doesn't want you to read about 14.7% unemployment.
   
   COSTELLO: That would be tough on those running for reelection.
   
   ABBOTT: Absolutely!
   
   COSTELLO: Wait, I got a question for you. That means there are two ways to
   bring down the unemployment number?
   
   ABBOTT: Two ways is correct.
   
   COSTELLO: Unemployment can go down if someone gets a job?
   
   ABBOTT: Correct.
   
   COSTELLO: And unemployment can also go down if you stop looking for a job?
   
   ABBOTT: Bingo.
   
   COSTELLO: So there are two ways to bring unemployment down, and the easier of
   the two is to have people stop looking for work.
   
   ABBOTT: Now you're thinking like an Economist.
   
   COSTELLO: I don't even know what the hell I just said!
   
   ABBOTT: Now you're thinking like Congress.
   

 

[wkmac]

OK! OK! OK! I GET IT. I GET IT. But you still haven't told me who is batting clean up?

 

[Babagounj]

No Disney Fun for Orlando Workers as Poverty Nears 20%
http://www.bloomberg.com/news/2014-10-08/no-disney-fun-for-orlando-workers-as-poverty-nears-20-.html

 

[1989]

Already did.

If that was true, the fed would stop giving easy money. Recent minutes from the fed suggest differently.

 

[DriveInDriveOut]

Already did.

If that was true, the fed would stop giving easy money. Recent minutes from the fed suggest differently.

Both of you are oversimplifying.

 

[UpstateNYUPSer(Ret)]

Both of you are oversimplifying.

A thorough explanation would be beyond the scope of this forum.

 

[moreluck]

Only those of Orson level can understand........for the rest, it is beyond your ken. Nanu, nanu !!

 

[1989]

When the president took office the labor participation rate was 65.7 percent, 3 percentage points higher than it was in September. Had September's labor participation rate been 65.7 percent, the unemployment rate would have been 10.2 percent, or 2.4 percentage points higher than when President Obama took office...

When President Obama took office, the unemployment rate for 25- to 54-year-olds was 7.2 percent. By September of this year, it had declined to 5.4 percent. Sounds good. However, if the labor- participation rate had remained at 82.8 percent as it was when President Obama took office, September's unemployment rate would have been 7.3 percent. This is 0.1 of a percentage point higher than when President Obama took office, again demonstrating that the improvement in the unemployment rate for prime working age Americans was due entirely to a decline in labor participation...

http://www.cnbc.com/id/102077550