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THE SCARIEST JOBS CHART EVER
TBI ^ | 1-4-2013 | Sam Ro

Posted on 01/04/2013 8:00:39 AM PST by blam

CHART OF THE DAY: THE SCARIEST JOBS CHART EVER

Sam Ro
January 4, 2013

It's jobs day in America.

This morning we learned that the U.S. economy added 155k jobs December and the unemployment rate ticked up in 7.8 percent.

Although the numbers were in line with economists' expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery.

Calculated Risk runs a chart every month putting the current jobs recovery into perspective.

"This shows the depth of the recent employment recession - worse than any other post-war recession - and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis," writes Bill McBride of Calculated Risk.


(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: economy; employment; jobs; unemployment
Anyone believe this chart?
1 posted on 01/04/2013 8:00:52 AM PST by blam
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To: blam

2 posted on 01/04/2013 8:03:01 AM PST by blam
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To: blam

I can believe it because of the way the count “unemployed”.... The hundreds of thousands upon thousands that have ‘dropped off’ and are no longer actively seeking work because they either have run out of UIC, OR (MORE LIKELY) have joined the ever-increasing mass of people on EITC, SNAP, SECTION 8 Housing, WICs, EBT, ObamaPhone (TM), Heating Assistance, Electricity Assistance, Food Bank, and all the other GRANTs and Phony Programs that dole out money like we’ve got a money tree in our back yard.


3 posted on 01/04/2013 8:08:46 AM PST by Gaffer
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To: blam

Unbelievable there’s an up tick.


4 posted on 01/04/2013 8:11:45 AM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: blam

Looks like we are near hitting the same figures as the Great Depression. Only this time denial is not just a river in egypt, its the government official report.

Work makes free...


5 posted on 01/04/2013 8:12:57 AM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: blam

Looks like we are near hitting the same figures as the Great Depression. Only this time denial is not just a river in egypt, its the government official report.

Work makes free...


6 posted on 01/04/2013 8:13:22 AM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: blam

Why do they agree in trend up to 2010?

Is there a change in the U.3 and U.6 calcs at this time that explains the divergence?


7 posted on 01/04/2013 8:23:55 AM PST by Empire_of_Liberty
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To: American in Israel

At least FDR put people to work in the CCC and the WPA. The former got a lot of kids out of the cities and doing hard labor. Lots of make-work jobs with the latter, but also many miles of sidewalks, much of which is still there. What Obama didn’t want was for his supporters to feel the pain of his poor. inadequate policies.


8 posted on 01/04/2013 8:30:48 AM PST by RobbyS (Christus rex.)
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To: Empire_of_Liberty

The difference between Shadowstats’ unemployment number and the official u6 is “estimated long-term discouraged workers, who were defined out of official existence in 1994.”

So the divergence in trend that started in 2010 is apparently an increase in the percent of long term discouraged workers. And that explanation actually make sense. I’m sure that category has grown in this economy. There is a month to month commentary on the shadowstats.com website.


9 posted on 01/04/2013 8:36:48 AM PST by DannyTN
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To: blam

We have a president (and controlling party) more interested in redistributing wealth than recovering the economy - pure and simple.

If I were a small business owner, I wouldn’t be hiring either. I’d be looking at who I might be able to do without.


10 posted on 01/04/2013 8:37:00 AM PST by OrangeHoof (Our economy won't heal until one particular black man is unemployed.)
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To: blam
Anyone doubt this chart?


11 posted on 01/04/2013 8:43:32 AM PST by null and void (The world is full of Maple Streets.)
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To: blam

How many hundreds of “scariest jobs chart ever” has TBI published in the last 4 years?


12 posted on 01/04/2013 8:44:29 AM PST by pgkdan ( "Those who hammer their guns into plows will plow for those who do not." ~Thomas Jefferson)
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To: blam

Into what “recovery”?


13 posted on 01/04/2013 8:48:31 AM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: blam
Bigger version:


14 posted on 01/04/2013 8:50:42 AM PST by null and void (The world is full of Maple Streets.)
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To: American in Israel
Looks like we are near hitting the same figures as the Great Depression.

And the tax increases haven't even hit yet. Obomacare will be the straw that broke the camels back. "Health Care" will be the least of our worries.

15 posted on 01/04/2013 8:52:46 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: blam
Isn't this the scariest chart ever? It appears that it is taking longer and longer to get out of a recession with the last three being the longest since 1948.


16 posted on 01/04/2013 9:02:59 AM PST by kabar
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To: blam

Scariest until each succeeding month.


17 posted on 01/04/2013 9:20:10 AM PST by crosshairs (They are only assault weapons in the hands of tyrannical governments and criminals. Ban both.)
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To: blam

Looks to me like they are looking at the absolute number of jobs. If so, then getting back to zero only gets you to the same number of jobs, but considering population growth, the farther you go to the right, the higher above zero you’d need to get until employment as percentage of population had fully recovered.


18 posted on 01/04/2013 9:46:11 AM PST by Darth Reardon
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To: Darth Reardon

It looks like another couple of years to get back of “zero.” Assuming all goes “well.”


19 posted on 01/04/2013 10:39:13 AM PST by Jeff Winston
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To: blam

I believe the blue line in the chart you posted.

There was no net 155,000 jobs counted anywhere.

The Establishment Survey raw count was -243,000 jobs.
http://www.bls.gov/news.release/empsit.t17.htm
The raw data = the actual counts of net jobs and the actual count of number employed.

The raw data is run through various statistical tools to ‘smooth the data out’. To be kind the tools have a strong bias toward a growing economy. To be realistic, the statistical tools are wide open to political manipulation.

-243,000 + the Birth and Death Model + seasonal adjustment ==> +155,000

The Household Survey raw count was -489,000 people employed.
http://www.bls.gov/news.release/empsit.t01.htm


20 posted on 01/04/2013 12:01:03 PM PST by khelus
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