Posted on 03/21/2013 6:22:03 AM PDT by mykroar
Edited on 03/21/2013 6:29:07 AM PDT by Admin Moderator. [history]
The number of Americans filing new claims for jobless benefits edged higher last week, but a trend reading dropped to its lowest in five years and pointed to ongoing healing in the labor market.
Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 336,000, the Labor Department said on Thursday.
(Excerpt) Read more at foxbusiness.com ...
There are 8,500,000 fewer jobs now than when El Bozo took office. How is that “encouraging”?
Leni
Higher and Positive in the same sentence...................What is up with that
ObamaMedia context . . . go figure.
It’s LoveObamaSpeak.
It sure feels like a 15% unemployment rate, which is what it really is, when those who have dropped off the unemployment rolls are factored in.
Most of these jobs are part-time...that’s the new norm.
Oh yeah, and most of the jobs are contract positions, for reasons we’re all aware of.
The "healing" in the labor market is a "miracle" wrought by the dept of Labor! Hallelujah! /sarc
In the meantime, I was talking with a neighbor that has two engineering degrees yesterday that has been out of work going on five years.
I feel like I’m reading the English language Obama versions of Izvestia and Pravda when it comes to the jobless claims. Every week it’s a different story. I think it’s all propaganda about a “job recovery.”
More like the line from Humpty-Dumpty:
“When I use a word,” Humpty Dumpty said in rather a scornful tone, “it means just what I choose it to mean - neither more nor less.”
The numbers we see on TV today are pure BS.
There are only two numbers that count: How many people there are in the US of working age.... And how many of those actually have a job.
I don’t remember the exact number but I think I remember that using this formula, 47% of the population is unemployed.
I am sure that if you were to take that number and break it down into the number underemployed; that is in temp, part time and/or jobs far below their education and past pay level, the numbers would scare you to death.
I think they say that with all the people that have dropped out of the work force or stopped looking for work, that the real unemployment level is at least 12%.
no one cares anymore. Why report these statistics anyway.
If you had Nanzi’s point of view, you’d see that that meant that
8.5 million people DON’T HAVE TO WORK now.
More jobless claims but its a good thing. Hmmmm?
If it is correct that 47% of those of working age are not working, then the unemployment rate is 47%.
I would also point out that the gummit numbers are totally wrong for another reason.
No government worker should be counted as employed for the reason that they do not add to the national wealth or GNP.
In addition, everyone knows the government payrolls, whether national, state or local, are padded with workers doing little or nothing.
And add to that: A business hires only because there is a serious need for additional help in order to meet production goals, whether the goals are sales, manufacturing or service.
A government entity will hire because it is politically expedient; therefore the numbers are padded.
We should have published government employee employment, but those numbers should not be used in any way to demonstrate the health of the economy.
You could have government employees equal 100% of all jobs in the US but that would hardly be proof of a healthy economy.
Part time jobs (focusing all to the gov-hand-out-industrial-complex), people dropping off the rolls (absolutely a statistic zippy wants suppressed), and contract work (largely government, but able to stabilize some positions) all fudged statistics that will make this horrible situation seem ‘right’ to the majority LIV-ies and dole-istas in 2014 and 2016.
Hold on to yer hats!!!
YMMV
KYPD
Thank you, I have said the same things in the past and had some people look at me as if I were stark raving mad but everything you said is plain common sense. IRS agents are counted the same as a plumber, electrician or auto mechanic etc. in the employment statistics but one good plumber adds more to real wealth than an infinite number of IRS agents.
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