Just released.

http://www.foxnews.com/politics/2012/04/...-in-march/

http://economywatch.msnbc.msn.com/_news/...slows?lite

"The drop in the unemployment rate, to the lowest level since January 2009, reflected a drop in the labor force."

Congratulations!

Like I said, I trust the BLS numbers more than ADP, Gallup etc, good or bad, and I stick to it. This number means that job growth is not indeed outpacing population growth, and may in fact be a net loss. And the drop in the unemployment rate is fool's gold as it was caused unfortunately by people dropping out of the work force (the reverse of February where the rate held steady despite 230k jobs added because people were jumping back in.) Oh well, America fans like me will just have to hope this is an aberration.

Now watch Blazer trump up the same BLS that he's been trashing for the last 4 months.

But the MSM is spinning this like crazy as good news. 3 more months of this will make it interesting.

(04-06-2012 08:15 AM)Max Power Wrote:  Congratulations!

Like I said, I trust the BLS numbers more than ADP, Gallup etc, good or bad, and I stick to it. This number means that job growth is not indeed outpacing population growth, and may in fact be a net loss. And the drop in the unemployment rate is fool's gold as it was caused unfortunately by people dropping out of the work force (the reverse of February where the rate held steady despite 230k jobs added because people were jumping back in.) Oh well, America fans like me will just have to hope this is an aberration.

Now watch Blazer trump up the same BLS that he's been trashing for the last 4 months.

If your beef with Gallup is mostly about sample size, why wouldn't you trust the ADP numbers more? Are you just that indoctrinated into thinking bureaucrats are always right?

An anemic 120,000 added plus the 164,000 who just gave up... not good

But Obaffoon signed the "Jobs" bill. Even used his left hand to sign it with 100 pens. The dirty hand.

I don't understand how someone "drops" out of the economy unless they retire. It costs money to live. Food, shelter, transportation,etc. I'm happy that we are adding jobs, we won't know for 3 months how accurate this report is. However, I'm still cheering for America and Americans.

(04-06-2012 08:41 AM)firmbizzle Wrote:  I don't understand how someone "drops" out of the economy unless they retire. It costs money to live. Food, shelter, transportation,etc. I'm happy that we are adding jobs, we won't know for 3 months how accurate this report is. However, I'm still cheering for America and Americans.

If they fall off the unemployment roles or don't qualify, or give up trying to find a job, they are not worthy of being counted.

(04-06-2012 08:15 AM)Max Power Wrote:  Congratulations!

Like I said, I trust the BLS numbers more than ADP, Gallup etc, good or bad, and I stick to it. This number means that job growth is not indeed outpacing population growth, and may in fact be a net loss. And the drop in the unemployment rate is fool's gold as it was caused unfortunately by people dropping out of the work force (the reverse of February where the rate held steady despite 230k jobs added because people were jumping back in.) Oh well, America fans like me will just have to hope this is an aberration.

Now watch Blazer trump up the same BLS that he's been trashing for the last 4 months.

I also hope this is an aberration. I have a feeling some of this is also due to businesses not quite being ready to add labor. My company is having it's best quarter in 3 years, yet we have not added a single employee. I expect that may happen in the next couple of months..but...I believe there are lots of businesses like us that got very lean to survive the downturn and are not ready to rehire yet and are demanding more from existing employees. If the economy keeps improving, there will be a tipping point where labor demand will improve. I hope that is sooner than later.

Maxi crawfishing.

(04-06-2012 08:31 AM)BlazerFan11 Wrote:  

(04-06-2012 08:15 AM)Max Power Wrote:  Congratulations!

Like I said, I trust the BLS numbers more than ADP, Gallup etc, good or bad, and I stick to it. This number means that job growth is not indeed outpacing population growth, and may in fact be a net loss. And the drop in the unemployment rate is fool's gold as it was caused unfortunately by people dropping out of the work force (the reverse of February where the rate held steady despite 230k jobs added because people were jumping back in.) Oh well, America fans like me will just have to hope this is an aberration.

Now watch Blazer trump up the same BLS that he's been trashing for the last 4 months.

If your beef with Gallup is mostly about sample size, why wouldn't you trust the ADP numbers more? Are you just that indoctrinated into thinking bureaucrats are always right?

http://www.adpemploymentreport.com/ner_faq.aspx

ADP has half the sample size of the BLS which, while far better than Gallup's 1/10, still leaves it short. Seasonal adjustments also explain the difference, which IMO are important.

Yes I trust a bureaucracy that has been doing this for 70 years under presidents of both parties over any private source, unlike you and Owl I don't see Big Brother and hidden cameras everywhere and vapor trails in the skies trying to restructure our DNA. The private sector has the profit motive which can corrupt far more than "wanting to make the president look good (never mind that this same agency made Bush look awful)."

You are not a part of the corrupt private sector profit motive?

(04-06-2012 09:44 AM)Max Power Wrote:  

(04-06-2012 08:31 AM)BlazerFan11 Wrote:  

(04-06-2012 08:15 AM)Max Power Wrote:  Congratulations!

Like I said, I trust the BLS numbers more than ADP, Gallup etc, good or bad, and I stick to it. This number means that job growth is not indeed outpacing population growth, and may in fact be a net loss. And the drop in the unemployment rate is fool's gold as it was caused unfortunately by people dropping out of the work force (the reverse of February where the rate held steady despite 230k jobs added because people were jumping back in.) Oh well, America fans like me will just have to hope this is an aberration.

Now watch Blazer trump up the same BLS that he's been trashing for the last 4 months.

If your beef with Gallup is mostly about sample size, why wouldn't you trust the ADP numbers more? Are you just that indoctrinated into thinking bureaucrats are always right?

http://www.adpemploymentreport.com/ner_faq.aspx

ADP has half the sample size of the BLS which, while far better than Gallup's 1/10, still leaves it short. Seasonal adjustments also explain the difference, which IMO are important.

Yes I trust a bureaucracy that has been doing this for 70 years under presidents of both parties over any private source, unlike you and Owl I don't see Big Brother and hidden cameras everywhere and vapor trails in the skies trying to restructure our DNA. The private sector has the profit motive which can corrupt far more than "wanting to make the president look good (never mind that this same agency made Bush look awful)."

I don't trust any bureaucracy to do anything efficiently and cost effective. When you do not have to respond to market signals there is no need to do so.

(04-06-2012 09:44 AM)Max Power Wrote:  http://www.adpemploymentreport.com/ner_faq.aspx

Did you actually look at this link before posting?

Max Power Wrote:ADP has half the sample size of the BLS which, while far better than Gallup's 1/10, still leaves it short. Seasonal adjustments also explain the difference, which IMO are important.

I see you're sticking with your lie/bad math regarding Gallup. ADP does seasonally adjust. It even explains it in the link you just posted.

Max Power Wrote:Yes I trust a bureaucracy that has been doing this for 70 years under presidents of both parties over any private source, unlike you and Owl I don't see Big Brother and hidden cameras everywhere and vapor trails in the skies trying to restructure our DNA. The private sector has the profit motive which can corrupt far more than "wanting to make the president look good (never mind that this same agency made Bush look awful)."

It's obvious you're getting desperate by your pathetic hyperbole about chemtrails. Please explain what motive ADP has to fudge the data. Their whole business is getting other companies to turn over business functions to them. The more confident people are in the economy, the more likely companies are to hire/expand. And the more other companies hire/expand, the more opportunity there is for ADP to gain customers.

Plus, all the BLS does is collect data from those evil, profit-motive driven businesses. How do you know the data isn't corrupt?

If you're going to pretend that bureaucratic agencies are somehow immune from monetary motives, then stop talking about how corporations have influence over government. You can't have it both ways.

(04-06-2012 09:19 AM)Fo Shizzle Wrote:  

(04-06-2012 08:15 AM)Max Power Wrote:  Congratulations!

Like I said, I trust the BLS numbers more than ADP, Gallup etc, good or bad, and I stick to it. This number means that job growth is not indeed outpacing population growth, and may in fact be a net loss. And the drop in the unemployment rate is fool's gold as it was caused unfortunately by people dropping out of the work force (the reverse of February where the rate held steady despite 230k jobs added because people were jumping back in.) Oh well, America fans like me will just have to hope this is an aberration.

Now watch Blazer trump up the same BLS that he's been trashing for the last 4 months.

I also hope this is an aberration. I have a feeling some of this is also due to businesses not quite being ready to add labor. My company is having it's best quarter in 3 years, yet we have not added a single employee. I expect that may happen in the next couple of months..but...I believe there are lots of businesses like us that got very lean to survive the downturn and are not ready to rehire yet and are demanding more from existing employees. If the economy keeps improving, there will be a tipping point where labor demand will improve. I hope that is sooner than later.

That's pretty typical of this new economy Fo. My company has increased it's sales and income every year in existence...even through this latest rough patch...and we aren't really increasing staffing levels at any noticeable pace. Most companies are just finding more ways to make money with less employees.

(04-06-2012 08:06 AM)200yrs2late Wrote:  "The drop in the unemployment rate, to the lowest level since January 2009, reflected a drop in the labor force."

For some reason I remember a couple of people on this board saying this exact thing and being told they were morons but someone else. Wish I could remember the details. Oh well.

This is not good news and reflects what I know a few of us were fearing, especially given Bernanke's comments last week.

Hopefully this will just be a blip and things will pick back up. However other indicators in the economy don't make me optimistic.

(04-06-2012 09:00 AM)SumOfAllFears Wrote:  

(04-06-2012 08:41 AM)firmbizzle Wrote:  I don't understand how someone "drops" out of the economy unless they retire. It costs money to live. Food, shelter, transportation,etc. I'm happy that we are adding jobs, we won't know for 3 months how accurate this report is. However, I'm still cheering for America and Americans.

If they fall off the unemployment roles or don't qualify, or give up trying to find a job, they are not worthy of being counted.

They have to be doing something to make money.

(04-06-2012 10:15 AM)Redwingtom Wrote:  

(04-06-2012 09:19 AM)Fo Shizzle Wrote:  

(04-06-2012 08:15 AM)Max Power Wrote:  Congratulations!

Like I said, I trust the BLS numbers more than ADP, Gallup etc, good or bad, and I stick to it. This number means that job growth is not indeed outpacing population growth, and may in fact be a net loss. And the drop in the unemployment rate is fool's gold as it was caused unfortunately by people dropping out of the work force (the reverse of February where the rate held steady despite 230k jobs added because people were jumping back in.) Oh well, America fans like me will just have to hope this is an aberration.

Now watch Blazer trump up the same BLS that he's been trashing for the last 4 months.

I also hope this is an aberration. I have a feeling some of this is also due to businesses not quite being ready to add labor. My company is having it's best quarter in 3 years, yet we have not added a single employee. I expect that may happen in the next couple of months..but...I believe there are lots of businesses like us that got very lean to survive the downturn and are not ready to rehire yet and are demanding more from existing employees. If the economy keeps improving, there will be a tipping point where labor demand will improve. I hope that is sooner than later.

That's pretty typical of this new economy Fo. My company has increased it's sales and income every year in existence...even through this latest rough patch...and we aren't really increasing staffing levels at any noticeable pace. Most companies are just finding more ways to make money with less employees.

Yes...This recovery is going to take a while to recover on the labor side. I do however believe that as a whole US manufacturing and business will come out of this much stronger. Most companies were "fat" and needed to downsize. The overhead of labor was killing the bottom line of many of us. When the labor side comes back...we should see a really smoking economy. I hope it gets here soon.

(04-06-2012 03:37 PM)Fo Shizzle Wrote:  Yes...This recovery is going to take a while to recover on the labor side. I do however believe that as a whole US manufacturing and business will come out of this much stronger. Most companies were "fat" and needed to downsize. The overhead of labor was killing the bottom line of many of us. When the labor side comes back...we should see a really smoking economy. I hope it gets here soon.

Not gonna happen. Too much labor directed toward meaningless regulatory compliance. Too little produced by too many people. We need serious reform.


"New economy"

Finally, some weird spin:

http://economywatch.msnbc.msn.com/_news/...uirks?lite

(04-06-2012 03:26 PM)firmbizzle Wrote:  

(04-06-2012 09:00 AM)SumOfAllFears Wrote:  

(04-06-2012 08:41 AM)firmbizzle Wrote:  I don't understand how someone "drops" out of the economy unless they retire. It costs money to live. Food, shelter, transportation,etc. I'm happy that we are adding jobs, we won't know for 3 months how accurate this report is. However, I'm still cheering for America and Americans.

If they fall off the unemployment roles or don't qualify, or give up trying to find a job, they are not worthy of being counted.

They have to be doing something to make money.

Largely depending on their spouse's income and lowering their standard of living, or leaning on relatives to get them through.