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Kin
Luke Warm
Joined: 11 Oct 2002
Posts: 388
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scoresia
RealPoor Sensei
Joined: 10 Mar 2003
Posts: 1500
Location: Florida
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 Posted: 08/06/04 - 11:38 Post subject:
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interesting ....
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Confused
RealPoor Master of Posts
Joined: 08 Feb 2004
Posts: 6730
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Posted: 08/06/04 - 11:43 Post subject:
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And unemployment dropped to 5.5%...Lower than Clinton's reelction unemployment rate in 1996. Keep spinning baby...Keep spinning.
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khrath
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Posted: 08/06/04 - 11:46 Post subject:
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you seriously cant trust any statistics on shit like this.
depending on what you look at it can go either way.
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Frax
RealPoor Master of Posts
Joined: 11 Oct 2002
Posts: 8489
Location: Fuck yoiu fucking fuckers
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Posted: 08/06/04 - 12:11 Post subject:
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Economies do not live and die by one individual monthly statistic. I'm no economist and i'm no statistician, but even I know that shit.
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Kin
Luke Warm
Joined: 11 Oct 2002
Posts: 388
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Posted: 08/06/04 - 13:25 Post subject:
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the unemployment rate is just a measure of the percentage of people who are unemployed but are actively looking for a job. So, if we loose, say, 100,000 jobs, but 150,000 people get discouraged and decide to stop looking the unemployment rate will drop but we will still have fewer people employed.
a 1/10% drop in unemployment just means that people either gave up, retired, or went back to school. At least that would be my assumption given what I know of the number of brand new workers entering the work force each month. That being said, economics is at times in-exact, so it's hard proving anyone correct or incorrect.
I just thought it was an interesting story in the wake of the whole "we're turning a corner" campaign by bush (and fuel for a debate).
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Confused
RealPoor Master of Posts
Joined: 08 Feb 2004
Posts: 6730
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Posted: 08/06/04 - 13:33 Post subject:
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| Kin wrote: | the unemployment rate is just a measure of the percentage of people who are unemployed but are actively looking for a job. So, if we loose, say, 100,000 jobs, but 150,000 people get discouraged and decide to stop looking the unemployment rate will drop but we will still have fewer people employed.
a 1/10% drop in unemployment just means that people either gave up, retired, or went back to school. At least that would be my assumption given what I know of the number of brand new workers entering the work force each month. That being said, economics is at times in-exact, so it's hard proving anyone correct or incorrect.
I just thought it was an interesting story in the wake of the whole "we're turning a corner" campaign by bush (and fuel for a debate). |
Or retired because they made millions off of the stock market boom. "Job growth" figures also ignore self-employment (the result of entreprenurship which accellerates under a healthy economy), consultant/1099 positions, agricultural jobs, etc. The unemployment number takes all of those into consideration. So while only 32,000 "non-farm" jobs were created last month (with a 3 year record-low of layoffs), there were many more jobs created in these other areas.
Oh, and...
MOVE THIS THREAD!!!!!
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Guest
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Posted: 08/06/04 - 13:57 Post subject:
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CUNTUSAK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Do your job son.
Get with it.
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atarom
Guest
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Posted: 08/06/04 - 14:59 Post subject:
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| Kbarr wrote: | CUNTUSAK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CUNTUSAK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Do your job son.
Get with it. |
great post!
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Guest
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Posted: 08/06/04 - 15:31 Post subject:
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| atarom wrote: | | Kbarr wrote: | CUNTUSAK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Do your job son.
Get with it. |
great post! |
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