199k jobs added, unemployment falls to 3.7%

[Hawkeye10]

That is the gospel truth...(Numbers and statistics don't pay the rent, AEP, or the grand total at Krogers...Though I see that as long as it's not grand theft, it's still help yourself for many at Target, the mall stores, etc...)

They flat up make trillions of new dollars a year and call it GDP.

 

[TOP]

They flat up make trillions of new dollars a year and call it GDP.

They lie about A LOT of things...and don't feel a bit guilty...that is the very worst part...

 

[Walt]

Well, you have six jobs if I recall... I have a question...if someone gets hired, is no call, no show three times in a row and is terminated, does their job count in the "numbers"?

If he shows up to a job, and then quits, it counts as a job gained, and then lost. The 199k jobs created are net, so gained minus losses. That means such a job does not add to the count. It does add to the number of people employed at that time, because he did gain a paycheck, briefly.

In the no show instance, he never gets a paycheck, so it does not count as a job in any way.

It is not uncommon to make a job offer to someone, and then never get a response. Usually it means they got a better job somewhere else. A job offer needs to be accepted fully, including showing up, to be considered a job.

 

[TOP]

If he shows up to a job, and then quits, it counts as a job gained, and then lost. The 199k jobs created are net, so gained minus losses. That means such a job does not add to the count. It does add to the number of people employed at that time, because he did gain a paycheck, briefly.

In the no show instance, he never gets a paycheck, so it does not count as a job in any way.

It is not uncommon to make a job offer to someone, and then never get a response. Usually it means they got a better job somewhere else. A job offer needs to be accepted fully, including showing up, to be considered a job.

I'm sure you believe all that...and thanks for taking the time to reply...I'd like to know how the numbers are actually tabulated, however... and for the record...I'm pretty sure they didn't "get a better job"... So, do you still have six jobs?

 

[Neoclitorus]

Whether you consider Bitcoin for fools is your personal opinion. I take it you don't like Bitcoin. Well, I don't either particularly, but I do see why people are interested in it. It does have some serious disadvantages though, which is why I'm not a big fan of it.

Keynesian theory has nothing to do with Bitcoin. Indeed, Keynesians don't like Bitcoin because they can't manipulate it.

it's another fiat currency with no backing commodity and it's digital which is the new world order and dumb.

 

[Walt]

So, do you still have six jobs?

I do some freelance work, and own part of several companies. Most of the companies I own I no longer work for, and I do very little freelance work these days.

I'm pretty sure they didn't "get a better job"

Usually people apply for many jobs, to get a job. If they get multiple job offers, the polite thing to do is turn down the job offers you will not take, but often people are not polite.

I'd like to know how the numbers are actually tabulated, however.

The first data is the number of people applying for unemployment, followed quickly by surveys of labor force and employers, and finally looking at payroll tax data. It is important to remember that labor statistics exclude illegal, and under the table jobs, so payroll tax data, while being slow, is absolutely accurate. This means they can get the initial data better and better, until it is fairly accurate.

Labor statistics are probably the second most accurate economic numbers, with only federal spending being more accurate. Inflation statistics are less accurate than either, but are easy for anyone to check over time.

 

[TOP]

I do some freelance work, and own part of several companies. Most of the companies I own I no longer work for, and I do very little freelance work these days.



Usually people apply for many jobs, to get a job. If they get multiple job offers, the polite thing to do is turn down the job offers you will not take, but often people are not polite.



The first data is the number of people applying for unemployment, followed quickly by surveys of labor force and employers, and finally looking at payroll tax data. It is important to remember that labor statistics exclude illegal, and under the table jobs, so payroll tax data, while being slow, is absolutely accurate. This means they can get the initial data better and better, until it is fairly accurate.

Labor statistics are probably the second most accurate economic numbers, with only federal spending being more accurate. Inflation statistics are less accurate than either, but are easy for anyone to check over time.

I doubt the statistics as presented by the federal government in general... I don't think that's difficult too understand ... especially these days... I find it borh curious and fascinating that so many people aren't interested in working .. and I find it really heartbreaking that our work ethic in this country is so pathetic....

 

[Port Tack]

this is why you're losing.

you're completely detached boomer elitist imbeciles.

Biden Overtakes Trump in Poll as Attitudes About Economy Change
In a potential presidential election between Biden and Trump, the incumbent holds a 50 percent to 44 percent lead.
Biden has built up a particularly strong lead of 52 percent to 40 percent with independent voters.

As Trumps legal troubles grow his support continues to fall and as the economy and all it's metrics continue to improve Bidens support grows.

Come summer/fall Biden's lead is going to become so apparent that Trump will start to get desperate knowing he is about to get the shellacking of his life! Lord only knows what the asshole will do.

 

[Port Tack]

You keep believing that unemployment is below 4%, Dick. Keep parroting government propaganda. I chose to read up on how Shadowstats came up with real unemployment.

Unemployment has been calculated the same way forever and right now it's lower than it has been in ages. You come up with some other fucking stupid way to calculate it so it sounds worse?

 

[Port Tack]

Next he'll be quoting zerohedge. Damn they are fucking stupid. It's amazing.

It truly is, it's comical. Unemployment has been calculated the same way forever but because the number is just about as good or better than it has ever been they have to search for a new way to make it sound horrible.

 

[Port Tack]

So you agree with Shadowstats real unemployment numbers?

No, if you want to compare the number to say 5, 10 or 25 years ago you must use the same method of calculation or you are an ignorant asshole. Your fucking shadow stats are meaningless bullshit.

 

[Port Tack]

The current economic depression was caused by Democrats.

There is no current economic depression. Our economy is growing and doing better by the day and your ignorant refusal to accept the facts isn't going to change that.

 

[Port Tack]

There are currently no democracies anywhere on Earth.
The rest is correct.

A democracy is simply a form of govt where people elect their leaders and there are plenty of them.

 

[Port Tack]

The United States no longer exists, not since the coup by Democrats.

The ignorant bullshit you continue to post is comical. Sorry but but the USA is still here, it is a democracy, and your fucking Velveeta man lost the last election by a landslide and will lose by a bigger one coming up.

 

[Port Tack]

They aren't, Sock. Only about 64% of Americans are working. Source: US Dept of Labor.

I don't know exactly how many are working now but I do know the unemployment rate is below 4%. You want to evaluate unemployment that's the number that anyone who isn't an ignorant fuckwit uses.

 

[Port Tack]

The economic depression during 1982 was created earlier by Democrats, attempting price controls (which never work).
The economic depression during 2008 through the first year of Trump was caused by Democrats attempting price controls (which never work).
The economic depression during 2020 and continuing to this day was started by Democrats shutting down the economy to make Trump look bad, using a fear mongering hoax to do it.

Every recession this country has had for the last 50 yrs has been under a republican president.

 

[Neoclitorus]

As Trumps legal troubles grow his support continues to fall and as the economy and all it's metrics continue to improve Bidens support grows.

Come summer/fall Biden's lead is going to become so apparent that Trump will start to get desperate knowing he is about to get the shellacking of his life! Lord only knows what the asshole will do.

he's beating biden in most polls.

stfu with your lies and wishful thinking.

 

[Walt]

I doubt the statistics as presented by the federal government in general.

trump claimed all the labor statistics were fake for Obama, but then claimed they were real for himself. If they went from fake to real, they would have suddenly jumped up in unemployment. We did not see that.

Beyond that, unemployment numbers reflect the reality I see in my day-to-day life. If they were off, it would show up in the last revision based on payroll taxes. If it were all a lie, then someone would have turned them in.

The reason for labor statistics is not to make headlines. It is for people to decide on economic and business strategies. If they were lies, it would destroy the ability to make those decisions.

I find it borh curious and fascinating that so many people aren't interested in working .. and I find it really heartbreaking that our work ethic in this country is so pathetic....

That is an odd post by someone not working. If you find it all so heartbreaking, why are you adding to it?

I am having trouble retiring myself, because even though I have enough money to retire, I just cannot bring myself to give up a good paying job.

 

[TOP]

trump claimed all the labor statistics were fake for Obama, but then claimed they were real for himself. If they went from fake to real, they would have suddenly jumped up in unemployment. We did not see that.

Beyond that, unemployment numbers reflect the reality I see in my day-to-day life. If they were off, it would show up in the last revision based on payroll taxes. If it were all a lie, then someone would have turned them in.

The reason for labor statistics is not to make headlines. It is for people to decide on economic and business strategies. If they were lies, it would destroy the ability to make those decisions.



That is an odd post by someone not working. If you find it all so heartbreaking, why are you adding to it?

I am having trouble retiring myself, because even though I have enough money to retire, I just cannot bring myself to give up a good paying job.

They don't reflect reality.... I work everyday... and I'm enjoying retirement immensely... very nice well earned teacher pension... I don't believe in double dipping as I'm sure you don't...

 

[Earl]

Luntz: Biden is weakest incumbent since Carter

The Hill
https://thehill.com › elections › 4442418-luntz-biden-...
21 hours ago — Republican pollster Frank Luntz on Thursday called President Biden the “weakest incumbent” since former President Carter, who did not win ...