Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.

This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.

October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

So job gains are high as are first time unemployment applications?

Logic then says the population is growing.

Or there's some double counting going on.

(12-05-2014 09:46 AM)DrTorch Wrote:  So job gains are high as are first time unemployment applications?

Logic then says the population is growing.

Or there's some double counting going on.

Are you sure you totally understand jobless claims and their place in history?

Quote:But both the weekly total and the four-week average are near their average levels for the year and well below 2013 levels.

Late in the recession in the first half of 2009, claims steadily ran over 600,000 a week.

The current numbers are below levels seen in the years before the recession. From 2004 through 2006. the average for weekly unemployment claims was about 329,000, according to Labor Department data and Haver Analytics.

Jobless claims rise to 313,000

Bottom line, the right has tried the "cooked books" line ad naseum. Maybe it's time to just accept the fact that they aren't? The BLS has no reason to do so, especially when they are constantly revising the prior months. Any manipulation would stick out like a sore thumb.

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.
This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.
October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

Job growth has been pretty steady since republicans took the house, and now that they will be taking over the senate too, the optimism in the business community is even higher.

(12-05-2014 09:55 AM)Redwingtom Wrote:  

(12-05-2014 09:46 AM)DrTorch Wrote:  So job gains are high as are first time unemployment applications?

Logic then says the population is growing.

Or there's some double counting going on.

Are you sure you totally understand jobless claims and their place in history?

Quote:But both the weekly total and the four-week average are near their average levels for the year and well below 2013 levels.

Late in the recession in the first half of 2009, claims steadily ran over 600,000 a week.

The current numbers are below levels seen in the years before the recession. From 2004 through 2006. the average for weekly unemployment claims was about 329,000, according to Labor Department data and Haver Analytics.

Jobless claims rise to 313,000

Bottom line, the right has tried the "cooked books" line ad naseum. Maybe it's time to just accept the fact that they aren't? The BLS has no reason to do so, especially when they are constantly revising the prior months. Any manipulation would stick out like a sore thumb.

I didn't say anything about "cooked books". It's possible to double count people in monthly statistics b/c their status changes in 30 days.

It's also possible that the U-6 people are finding jobs.

(12-05-2014 10:09 AM)DrTorch Wrote:  

(12-05-2014 09:55 AM)Redwingtom Wrote:  

(12-05-2014 09:46 AM)DrTorch Wrote:  So job gains are high as are first time unemployment applications?

Logic then says the population is growing.

Or there's some double counting going on.

Are you sure you totally understand jobless claims and their place in history?

Quote:But both the weekly total and the four-week average are near their average levels for the year and well below 2013 levels.

Late in the recession in the first half of 2009, claims steadily ran over 600,000 a week.

The current numbers are below levels seen in the years before the recession. From 2004 through 2006. the average for weekly unemployment claims was about 329,000, according to Labor Department data and Haver Analytics.

Jobless claims rise to 313,000

Bottom line, the right has tried the "cooked books" line ad naseum. Maybe it's time to just accept the fact that they aren't? The BLS has no reason to do so, especially when they are constantly revising the prior months. Any manipulation would stick out like a sore thumb.

I didn't say anything about "cooked books". It's possible to double count people in monthly statistics b/c their status changes in 30 days.

It's also possible that the U-6 people are finding jobs.

Sorry...I thought you meant double counting was being done on purpose to skew the results.

All of those GOP governors are doing a fine job.

(12-05-2014 09:55 AM)Redwingtom Wrote:  

(12-05-2014 09:46 AM)DrTorch Wrote:  So job gains are high as are first time unemployment applications?

Logic then says the population is growing.

Or there's some double counting going on.

Are you sure you totally understand jobless claims and their place in history?

Quote:But both the weekly total and the four-week average are near their average levels for the year and well below 2013 levels.

Late in the recession in the first half of 2009, claims steadily ran over 600,000 a week.

The current numbers are below levels seen in the years before the recession. From 2004 through 2006. the average for weekly unemployment claims was about 329,000, according to Labor Department data and Haver Analytics.

Jobless claims rise to 313,000

Bottom line, the right has tried the "cooked books" line ad naseum. Maybe it's time to just accept the fact that they aren't? The BLS has no reason to do so, especially when they are constantly revising the prior months. Any manipulation would stick out like a sore thumb.

I'll leave aside my confusion of jobless claims going up being a good thing. But if we are back to pre-2008 levels then it is definitely encouraging.

(12-05-2014 09:58 AM)Owl 69/70/75 Wrote:  

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.
This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.
October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

Job growth has been pretty steady since republicans took the house, and now that they will be taking over the senate too, the optimism in the business community is even higher.

I was wondering how long it would take for the GOPers to start crediting everything good that happens in America to "conservative leadership in congress"

(12-05-2014 01:39 PM)UofMemphis Wrote:  

(12-05-2014 09:58 AM)Owl 69/70/75 Wrote:  

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.
This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.
October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

Job growth has been pretty steady since republicans took the house, and now that they will be taking over the senate too, the optimism in the business community is even higher.

I was wondering how long it would take for the GOPers to start crediting everything good that happens in America to "conservative leadership in congress"

Leftists insist that correlation=causation all the time. Why doubt it now?

(12-05-2014 01:39 PM)UofMemphis Wrote:  

(12-05-2014 09:58 AM)Owl 69/70/75 Wrote:  

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.
This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.
October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

Job growth has been pretty steady since republicans took the house, and now that they will be taking over the senate too, the optimism in the business community is even higher.

I was wondering how long it would take for the GOPers to start crediting everything good that happens in America to "conservative leadership in congress"

Wow, could you be any more behind the curve.

http://csnbbs.com/thread-711455.html

Sarcasm can be a real b!tch.

(12-05-2014 01:39 PM)UofMemphis Wrote:  

(12-05-2014 09:58 AM)Owl 69/70/75 Wrote:  

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.
This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.
October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

Job growth has been pretty steady since republicans took the house, and now that they will be taking over the senate too, the optimism in the business community is even higher.

I was wondering how long it would take for the GOPers to start crediting everything good that happens in America to "conservative leadership in congress"

No GOPer here. Last republican I voted for was Reagan in 1980. Republicans are too conservative for me on social issues, and not conservative enough on fiscal issues.

But quick question, if it's not republicans in congress, what else changed? Gridlock is better than either side's ideas right now.

Some perspective

(12-05-2014 01:45 PM)Owl 69/70/75 Wrote:  

(12-05-2014 01:39 PM)UofMemphis Wrote:  

(12-05-2014 09:58 AM)Owl 69/70/75 Wrote:  

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.
This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.
October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

Job growth has been pretty steady since republicans took the house, and now that they will be taking over the senate too, the optimism in the business community is even higher.

I was wondering how long it would take for the GOPers to start crediting everything good that happens in America to "conservative leadership in congress"

No GOPer here. Last republican I voted for was Reagan in 1980. Republicans are too conservative for me on social issues, and not conservative enough on fiscal issues.

But quick question, if it's not republicans in congress, what else changed? Gridlock is better than either side's ideas right now.

So explain...

Nov - 321k
Oct - 243k
Sep - 256k

It's been growing steadily for awhile...I would say a spike in Nov correlates to seasonal holiday workers being hired on for Thanksgiving - Christmas

The midterm results have no doubt encouraged employers.

A reality check for you libs...

Labor Force Participation Remains at 36-Year Low

Quote:(CNSNews.com) - The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
In November, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 248,844,000. Of those, 156,397,000 participated in the labor force by either holding a job or actively seeking one.
The 156,397,000 who participated in the labor force was 62.8 percent of the 248,844,000 civilian noninsttutional population, which matches the 62.8 percent rate in April, May, June, August and October of 2014 as well as the participation rate in March of 1978. The participation rate hit its lowest level of 62.7 percent in September 2014.

http://www.cnsnews.com/news/article/ali-...year-low-0

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.

Quote:According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000.

This marks the 10th straight month that the US economy saw payrolls grow by more than 200,000, the longest such streak since 1995.

October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000.

JOBS REPORT CRUSHES EXPECTATIONS

Good news, but seems expected given temporary holiday hiring.

(12-05-2014 02:01 PM)UofMemphis Wrote:  

(12-05-2014 01:45 PM)Owl 69/70/75 Wrote:  No GOPer here. Last republican I voted for was Reagan in 1980. Republicans are too conservative for me on social issues, and not conservative enough on fiscal issues.
But quick question, if it's not republicans in congress, what else changed? Gridlock is better than either side's ideas right now.

So explain...
Nov - 321k
Oct - 243k
Sep - 256k
It's been growing steadily for awhile...I would say a spike in Nov correlates to seasonal holiday workers being hired on for Thanksgiving - Christmas

Proves my point. Pretty much exactly what I said. Keep in mind that I'm no GOPer. I think both parties are totally f-d in the head, so the best thing is gridlock that prevents either one from doing anything. We got gridlock when republicans took house in 2010, and the latest results ensure that we will keep it. Which is a good thing for at least the next two years. I do think it is better if the senate is controlled by the party other than the president's party, because that keeps something of a lid on appointments that require advice and consent.

Maybe if either side could actually compromise and we started getting things that made sense instead of each side's extreme agenda, we might get somewhere. But that's not happening as long as Obama is one of the people who would have to compromise.

And are these numbers seasonally adjusted? I'm asking because I don't know. My expectation is that they aren't, but if they are, then the Christmas hiring should have been factored out.

(12-05-2014 03:00 PM)Owl 69/70/75 Wrote:  

(12-05-2014 02:01 PM)UofMemphis Wrote:  

(12-05-2014 01:45 PM)Owl 69/70/75 Wrote:  No GOPer here. Last republican I voted for was Reagan in 1980. Republicans are too conservative for me on social issues, and not conservative enough on fiscal issues.
But quick question, if it's not republicans in congress, what else changed? Gridlock is better than either side's ideas right now.

So explain...
Nov - 321k
Oct - 243k
Sep - 256k
It's been growing steadily for awhile...I would say a spike in Nov correlates to seasonal holiday workers being hired on for Thanksgiving - Christmas

Proves my point. Pretty much exactly what I said. Keep in mind that I'm no GOPer. I think both parties are totally f-d in the head, so the best thing is gridlock that prevents either one from doing anything. We got gridlock when republicans took house in 2010, and the latest results ensure that we will keep it. Which is a good thing for at least the next two years. I do think it is better if the senate is controlled by the party other than the president's party, because that keeps something of a lid on appointments that require advice and consent.

Maybe if either side could actually compromise and we started getting things that made sense instead of each side's extreme agenda, we might get somewhere. But that's not happening as long as Obama is one of the people who would have to compromise.

And are these numbers seasonally adjusted? I'm asking because I don't know. My expectation is that they aren't, but if they are, then the Christmas hiring should have been factored out.

(12-05-2014 02:01 PM)UofMemphis Wrote:  

(12-05-2014 01:45 PM)Owl 69/70/75 Wrote:  

(12-05-2014 01:39 PM)UofMemphis Wrote:  

(12-05-2014 09:58 AM)Owl 69/70/75 Wrote:  

(12-05-2014 09:44 AM)Redwingtom Wrote:  Nice.
JOBS REPORT CRUSHES EXPECTATIONS

Job growth has been pretty steady since republicans took the house, and now that they will be taking over the senate too, the optimism in the business community is even higher.

I was wondering how long it would take for the GOPers to start crediting everything good that happens in America to "conservative leadership in congress"

No GOPer here. Last republican I voted for was Reagan in 1980. Republicans are too conservative for me on social issues, and not conservative enough on fiscal issues.

But quick question, if it's not republicans in congress, what else changed? Gridlock is better than either side's ideas right now.

So explain...

Nov - 321k
Oct - 243k
Sep - 256k

It's been growing steadily for awhile...I would say a spike in Nov correlates to seasonal holiday workers being hired on for Thanksgiving - Christmas

By September it was pretty clear that the Republicans were going to take the Senate.