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To: Kaslin

The BLS Fun with Numbers exercise.

240,000 new jobs created for the MONTH.

About 320,000 new unemployment claims per WEEK.

At that rate, new job creation is only about 1/5 of the new unemployment.

[Are they going to blame the slight increase in the UE rate on those California computers again? Those computers have been taking the blame for months.]


6 posted on 11/09/2013 6:56:40 AM PST by TomGuy (.)
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To: TomGuy
At that rate, new job creation is only about 1/5 of the new unemployment.

Surely, you jest.

In the last year, in a typical month under Jug-ear's pitiful administration, there were about 4.4-4.5 million new hires, none of them thanks to Dear Leader.

There were about 4.3-4.4 million separations, probably more than a few of them due to the ACA and Dear Leader.

BLS - Hires/Separations, etc.

There's the net 100K to 200K new jobs each month.

However, new unemployment benefit claims have nothing to do with net new job creation, horrible as it has been.

~4.3 million separations/month leads to ~350K/week (~1.5 million/month) in new unemployment claims. No surprise there.

In a healthy economy, with 3.5-4.0% growth, new hires would be, for instance (and it has been previous to Dear Leader,) 5.5 million/month and separations 5 million/month -- that's net new employment of 500K/month, not at all unusual for a rapidly growing economy -- we used to do this routinely prior to Dear Leader.

New unemployment claims would still be 300-350K/week. Oh, the horror! According to your math and logic, new job creation would be about a third of new unemployment. We're doomed!

See how comparing apples and oranges, never mind ignoring an important reference point about how to think about the oranges doesn't work?

The difference between what we are doing and what we could be doing is the lying idiot we elected and his anti-growth policies, not some BLS statistical conspiracy.

12 posted on 11/09/2013 9:28:37 AM PST by AntiScumbag
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