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Unemployment rate has dropped to 4.7% - Fitbud - 06-03-2016 10:05 AM
Discuss
RE: Unemployment rate has dropped to 4.7% - UofMstateU - 06-03-2016 10:08 AM
How many people are still on foodstamps?
RE: Unemployment rate has dropped to 4.7% - UTSAMarineVet09 - 06-03-2016 10:09 AM
(06-03-2016 10:08 AM)UofMstateU Wrote: How many people are still on foodstamps?
About 14% or so
RE: Unemployment rate has dropped to 4.7% - VA49er - 06-03-2016 10:10 AM
(06-03-2016 10:05 AM)Fitbud Wrote: Discuss
It is what it is but hard to take the figure seriously given all that isn't included, etc.
RE: Unemployment rate has dropped to 4.7% - bullet - 06-03-2016 10:11 AM
(06-03-2016 10:05 AM)Fitbud Wrote: Discuss
Headlines in the paper are that hiring has dropped dramatically and they are wondering if the feds made a mistake raising interest rates.
RE: Unemployment rate has dropped to 4.7% - Redwingtom - 06-03-2016 10:14 AM
(06-03-2016 10:10 AM)VA49er Wrote:(06-03-2016 10:05 AM)Fitbud Wrote: Discuss
It is what it is but hard to take the figure seriously given all that isn't included, etc.
No...it's not. That's the common referred to measure that we've used each month for years now, and it's fairly consistent and accurate. But it's only one measure released each month by the BLS.
If you want the other measures, they publish those too and you're free to go peruse them.
RE: Unemployment rate has dropped to 4.7% - miko33 - 06-03-2016 10:18 AM
Remember back when Reagan was president that the narrative was the good jobs were being replaced by McJobs. So...
RE: Unemployment rate has dropped to 4.7% - Fitbud - 06-03-2016 10:18 AM
(06-03-2016 10:10 AM)VA49er Wrote:(06-03-2016 10:05 AM)Fitbud Wrote: Discuss
It is what it is but hard to take the figure seriously given all that isn't included, etc.
All that isn't included has always been excluded.
RE: Unemployment rate has dropped to 4.7% - VA49er - 06-03-2016 10:19 AM
(06-03-2016 10:14 AM)Redwingtom Wrote:(06-03-2016 10:10 AM)VA49er Wrote:(06-03-2016 10:05 AM)Fitbud Wrote: Discuss
It is what it is but hard to take the figure seriously given all that isn't included, etc.
No...it's not. That's the common referred to measure that we've used each month for years now, and it's fairly consistent and accurate. But it's only one measure released each month by the BLS.
If you want the other measures, they publish those too and you're free to go peruse them.
No, it's actually not; but I agree it all's they got so it can be compared to previous results. However in no way shape or form is it an accurate account of the true unemployment rate.
RE: Unemployment rate has dropped to 4.7% - fsquid - 06-03-2016 10:21 AM
It was a crap jobs report, that's what it was.
RE: Unemployment rate has dropped to 4.7% - miko33 - 06-03-2016 10:21 AM
This article is 2 years old, but it documents that the Obama economy was being fueled by low wage job growth.
http://www.msnbc.com/msnbc/low-wage-jobs-drives-economy-recovery
Any evidence today to dispute this trend is still going on today?
RE: Unemployment rate has dropped to 4.7% - UofMemphis - 06-03-2016 10:22 AM
(06-03-2016 10:08 AM)UofMstateU Wrote: How many people are still on foodstamps?
hopefully as many as need them...
RE: Unemployment rate has dropped to 4.7% - Fitbud - 06-03-2016 10:24 AM
(06-03-2016 10:21 AM)miko33 Wrote: This article is 2 years old, but it documents that the Obama economy was being fueled by low wage job growth.
http://www.msnbc.com/msnbc/low-wage-jobs-drives-economy-recovery
Any evidence today to dispute this trend is still going on today?
Not sure the unemployment rate was ever meant to estimate anything other than jobs.
RE: Unemployment rate has dropped to 4.7% - miko33 - 06-03-2016 10:28 AM
(06-03-2016 10:24 AM)Fitbud Wrote:(06-03-2016 10:21 AM)miko33 Wrote: This article is 2 years old, but it documents that the Obama economy was being fueled by low wage job growth.
http://www.msnbc.com/msnbc/low-wage-jobs-drives-economy-recovery
Any evidence today to dispute this trend is still going on today?
Not sure the unemployment rate was ever meant to estimate anything other than jobs.
That's great and all, but the number in and of itself is meaningless without more thorough analysis. Labor participation rate? Quality of jobs being replaced? Gov't assistance numbers today vs pre-recession levels? See how the "most transparent president in American history" uses obfuscation and subterfuge to pretend the economy is great when it's really - not?
RE: Unemployment rate has dropped to 4.7% - DaSaintFan - 06-03-2016 10:33 AM
(06-03-2016 10:05 AM)Fitbud Wrote: Discuss
Is that the U3 or U6 numbers fit?
If it's U3... it's a worthless stat.
RE: Unemployment rate has dropped to 4.7% - DefCONNOne - 06-03-2016 10:41 AM
(06-03-2016 10:05 AM)Fitbud Wrote: Discuss
<sniff> <sniff> "Mmm, that smells good. What are we having?" "The books I'm cooking."
RE: Unemployment rate has dropped to 4.7% - UofMstateU - 06-03-2016 10:50 AM
(06-03-2016 10:22 AM)UofMemphis Wrote:(06-03-2016 10:08 AM)UofMstateU Wrote: How many people are still on foodstamps?
hopefully as many as need them...
Which means its time for Trump, so that much fewer will actually need them.
RE: Unemployment rate has dropped to 4.7% - UofMemphis - 06-03-2016 11:03 AM
(06-03-2016 10:50 AM)UofMstateU Wrote:(06-03-2016 10:22 AM)UofMemphis Wrote:(06-03-2016 10:08 AM)UofMstateU Wrote: How many people are still on foodstamps?
hopefully as many as need them...
Which means its time for Trump, so that much fewer will actually need them.
lol, time for the pro choice New York liberal that is Trump? OK, but I think you're gonna have a LOT of buyers remorse.
RE: Unemployment rate has dropped to 4.7% - Fitbud - 06-03-2016 11:03 AM
Thankfully there's Trump University where people can learn to be billionaire lick Trump.
RE: Unemployment rate has dropped to 4.7% - VA49er - 06-03-2016 11:08 AM
(06-03-2016 11:03 AM)Fitbud Wrote: Thankfully there's Trump University where people can learn to be billionaire lick Trump.
Freudian slip?