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Thread: U.S. Unemployment Rate Drops to Lowest Since December 2008

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    Default U.S. Unemployment Rate Drops to Lowest Since December 2008

    http://www.washingtonpost.com/busine...fd5_story.html

    The national unemployment rate fell to 7.7 percent from 7.9 percent, and the nation added 146,000 jobs, not the mere 85,000 that forecasters had expected.

    Indeed, the job market has been remarkably consistent over the past year, adding an average of 157,000 jobs a month well above the level needed to keep pace with a growing labor force, but slow enough that it would still take years to bring unemployment down to the 5 percent to 6 percent range.
    Just keep swimming!




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  3. #2

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    Meanwhile, in real world America, the labor force participation rate dropped again. http://data.bls.gov/timeseries/LNS11300000
    My 2016 prediction: Hillary Clinton will NOT run for president.

    Rand Paul 2016

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    Quote Originally Posted by ronpaulfollower999 View Post
    Meanwhile, in real world America, the labor force participation rate dropped again. http://data.bls.gov/timeseries/LNS11300000
    The unemployment numbers are gonna look real good once the baby boomers retire and the abortion gap kicks in. Unless..

  5. #4

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    Quote Originally Posted by Jordan View Post
    Just keep swimming!
    That is the Keynesian Ponzi Enslavement mantra to be sure.

    Homebuilders have a big problem: too few workers!
    Started by Jordan‎, Today
    Why we should get rid of the debt ceiling
    Started by Jordan‎, Today
    Household Wealth Rises to Near 2007 High
    Started by Jordan‎, Yesterday
    U.S. is becoming top low cost energy destination for big business
    Started by Jordan‎, Yesterday
    Construction Spending up 9.6% Year over Year
    Started by Jordan‎, 12-03-2012
    November Car Sales Could Hit Pace Not Seen Since 2008
    Started by Jordan‎, 11-28-2012



    Merry Trollness, Jordan.

  6. #5

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    Quote Originally Posted by Steven Douglas View Post
    That is the Keynesian Ponzi Enslavement mantra to be sure.

    Homebuilders have a big problem: too few workers!
    Started by Jordan‎, Today
    Why we should get rid of the debt ceiling
    Started by Jordan‎, Today
    Household Wealth Rises to Near 2007 High
    Started by Jordan‎, Yesterday
    U.S. is becoming top low cost energy destination for big business
    Started by Jordan‎, Yesterday
    Construction Spending up 9.6% Year over Year
    Started by Jordan‎, 12-03-2012
    November Car Sales Could Hit Pace Not Seen Since 2008
    Started by Jordan‎, 11-28-2012



    Merry Trollness, Jordan.
    our in house devil's advocate
    Last edited by Tpoints; 12-07-2012 at 04:10 PM.

  7. #6

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    Quote Originally Posted by Steven Douglas View Post
    That is the Keynesian Ponzi Enslavement mantra to be sure.

    Homebuilders have a big problem: too few workers!
    Started by Jordan‎, Today
    Why we should get rid of the debt ceiling
    Started by Jordan‎, Today
    Household Wealth Rises to Near 2007 High
    Started by Jordan‎, Yesterday
    U.S. is becoming top low cost energy destination for big business
    Started by Jordan‎, Yesterday
    Construction Spending up 9.6% Year over Year
    Started by Jordan‎, 12-03-2012
    November Car Sales Could Hit Pace Not Seen Since 2008
    Started by Jordan‎, 11-28-2012



    Merry Trollness, Jordan.
    Those are all relevant topics for a forum on economics, no?

  8. #7

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    Quote Originally Posted by Jordan View Post
    Those are all relevant topics for a forum on economics, no?
    relevant, definitely. Not the tone this board is used to hearing

  9. #8

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    Quote Originally Posted by Tpoints View Post
    our in house devil's advocate
    Oh, we have more than one.
    My 2016 prediction: Hillary Clinton will NOT run for president.

    Rand Paul 2016

  10. #9

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    Quote Originally Posted by Jordan View Post
    Those are all relevant topics for a forum on economics, no?
    Economics & Sound Money

    That would be the formal name of this forum; two issues that are fully intertwined and absolutely inseparable, despite some very bizarre (albeit mainlined mainstream) fantasies to the contrary.

    There's nothing generic or unbiased about this forum, no secret there. We're all about economics, and especially as it relates to sound money. You're playing dumb, as if you're in the ACME Economics Forum, even while you actively cheerlead for a Keynesian-spawned Ponzi Economy in a Ron Paul Forum, of all places.

    But that's just Captain Obvious from the Department of Redundancy Department to Obvious Troll, telling him that he's being Obvious.

    There's nothing wrong with contrary opinions that go against the "mainstream" (whatever that is based on locale, or, "When in Rome, at the least remember that mostly Romans are there."). If you were forthright, however, you could have your obvious pot-stirring digs in a much more forthright way--like, acknowledging up front the intended effect you knew your shit was going to have (you're stupid if you think anyone is that stupid), and throwing down a real gauntlet. The effect would be the same, of course, as debates and arguments would ensue in much the same way. But your stock would go up, because you will have shown a respect for the fact that people aren't stupid, and honest disagreement could still take place. Instead, here you are, with everyone fully aware that you are tossing in grenades, while simultaneously playing a poop-stupid intelligence-insulting game of "Huh? Wha? I tot dis wuz a ekanomiks forum!" ::: cue really bad impression of Dr. Evil batting goofy eyes with an innocent finger to the lips :::
    Last edited by Steven Douglas; 12-07-2012 at 05:52 PM.

  11. #10

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    What is the actual U.S. employment rate (it's a ratio of individuals/families/household/homeless or sometin')?

    How many of those that are employed are working for (or contracted by/supplying mostly to) government?

  12. #11

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    Quote Originally Posted by Steven Douglas View Post
    Economics & Sound Money

    That would be the formal name of this forum; two issues that are fully intertwined and absolutely inseparable, despite some very bizarre (albeit mainlined mainstream) fantasies to the contrary.

    There's nothing generic or unbiased about this forum, no secret there. We're all about economics, and especially as it relates to sound money. You're playing dumb, as if you're in the ACME Economics Forum, even while you actively cheerlead for a Keynesian-spawned Ponzi Economy in a Ron Paul Forum, of all places.

    But that's just Captain Obvious from the Department of Redundancy Department to Obvious Troll, telling him that he's being Obvious.

    There's nothing wrong with contrary opinions that go against the "mainstream" (whatever that is based on locale, or, "When in Rome, at the least remember that mostly Romans are there."). If you were forthright, however, you could have your obvious pot-stirring digs in a much more forthright way--like, acknowledging up front the intended effect you knew your shit was going to have (you're stupid if you think anyone is that stupid), and throwing down a real gauntlet. The effect would be the same, of course, as debates and arguments would ensue in much the same way. But your stock would go up, because you will have shown a respect for the fact that people aren't stupid, and honest disagreement could still take place. Instead, here you are, with everyone fully aware that you are tossing in grenades, while simultaneously playing a poop-stupid intelligence-insulting game of "Huh? Wha? I tot dis wuz a ekanomiks forum!" ::: cue really bad impression of Dr. Evil batting goofy eyes with an innocent finger to the lips :::
    SD, I'm not playing dumb. I'm not that intelligent. If you think I'm playing dumb, then I'm probably just dumb.

    I enjoy posting interesting economic news as I find it. You don't have to participate. You don't have to be angry that I'm posting it. I think there's a way to hide all my posts from your view of the forum when you log in, which would mean you don't even have to see what I post!

    I'm sorry you're so offended with material that doesn't share the same view of the world as you have. Try not to take it so personally. I don't.

  13. #12

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    Anyway, back to the subject at hand, it's good to see that unemployment is down. Sure, the labor force shrank, but that's good news too - it means people are confident in their retirement plans or wealthy enough they don't need to work.

  14. #13
    Member John F Kennedy III's Avatar
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    LOL! Real unemployment has to be pushing 25% by now. Underemployment another 25% (pulling this underemployment number out of my ass).
    Quote Originally Posted by Origanalist View Post
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    Quote Originally Posted by Tpoints View Post
    relevant, definitely. Not the tone this board is used to hearing
    They all reference obviously inaccurate data. Just sayin'.
    Quote Originally Posted by Origanalist View Post
    There would be riots in the streets, if boobus gave one shit about his honor.
    UN Agenda 21 Explained

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    Quote Originally Posted by Jordan View Post
    SD, I'm not playing dumb. I'm not that intelligent. If you think I'm playing dumb, then I'm probably just dumb.

    I enjoy posting interesting economic news as I find it. You don't have to participate. You don't have to be angry that I'm posting it. I think there's a way to hide all my posts from your view of the forum when you log in, which would mean you don't even have to see what I post!

    I'm sorry you're so offended with material that doesn't share the same view of the world as you have. Try not to take it so personally. I don't.
    It's not that it is a different world view, it's that all those threads reference OBVIOUSLY INACCURATE DATA.
    Quote Originally Posted by Origanalist View Post
    There would be riots in the streets, if boobus gave one shit about his honor.
    UN Agenda 21 Explained

    The Single Most Important Documentary I've Ever Found

    Robert Downey Jr will learn you how to pimp. If you ever need to know.

    How the GOP stole the nomination

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    Quote Originally Posted by Jordan View Post
    Anyway, back to the subject at hand, it's good to see that unemployment is down. Sure, the labor force shrank, but that's good news too - it means people are confident in their retirement plans or wealthy enough they don't need to work.
    Ok. You're trolling. Period.
    Quote Originally Posted by Origanalist View Post
    There would be riots in the streets, if boobus gave one shit about his honor.
    UN Agenda 21 Explained

    The Single Most Important Documentary I've Ever Found

    Robert Downey Jr will learn you how to pimp. If you ever need to know.

    How the GOP stole the nomination

  18. #17

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    Quote Originally Posted by Jordan View Post
    SD, I'm not playing dumb. I'm not that intelligent. If you think I'm playing dumb, then I'm probably just dumb.
    Perhaps you are as dumb a fox, who knows.

    I enjoy posting interesting economic news as I find it. You don't have to participate. You don't have to be angry that I'm posting it. I think there's a way to hide all my posts from your view of the forum when you log in, which would mean you don't even have to see what I post!
    Oh, I don't mind at all, and I will participate (another Captain Obvious observation). Wouldn't miss it for the world, you're the straw that stirs the drink!

    I'm sorry you're so offended with material that doesn't share the same view of the world as you have. Try not to take it so personally. I don't.
    Nice reframing attempt, but I already said that the material isn't the problem--only the intelligence-insulting way that it's presented ("Wut? I just find innersting stuffs about ekanomics, tha's all!"). But you stayed in character, as I figured you might, and denied it. I accept that on face value, and we can all form our own opinions about it.

    Quote Originally Posted by Jordan View Post
    Anyway, back to the subject at hand, it's good to see that unemployment is down. Sure, the labor force shrank, but that's good news too - it means people are confident in their retirement plans or wealthy enough they don't need to work.
    Yeah, good news all around, eh? Can't you just smell all the hope and change in the air. It's intoxicating. Everything is looking up, sunny skies from here on in are the limit!

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    The figures were mixed. There were more new jobs created than expected but most of the drop in the unemployment rate was due to fewer people particpating in the work force. Some of that was due to Storm Sandy. If people were not able to look for work due to the storm, they were counted as not in the work force.
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  20. #19

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    Quote Originally Posted by John F Kennedy III View Post
    Ok. You're trolling. Period.
    Nope, we just have a different perspective.

    Quote Originally Posted by Steven Douglas View Post
    Perhaps you are as dumb a fox, who knows.

    Oh, I don't mind at all, and I will participate (another Captain Obvious observation). Wouldn't miss it for the world, you're the straw that stirs the drink!

    Nice reframing attempt, but I already said that the material isn't the problem--only the intelligence-insulting way that it's presented ("Wut? I just find innersting stuffs about ekanomics, tha's all!"). But you stayed in character, as I figured you might, and denied it. I accept that on face value, and we can all form our own opinions about it.

    Yeah, good news all around, eh? Can't you just smell all the hope and change in the air. It's intoxicating. Everything is looking up, sunny skies from here on in are the limit!
    I find it interesting that because I have a different view on the issues I am automatically here for some nefarious scheme.

  21. #20

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    Rainbows and lollypops for everybody!

    Wheee, whadda ride...

  22. #21

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    Quote Originally Posted by Jordan View Post
    I find it interesting that because I have a different view on the issues I am automatically here for some nefarious scheme.
    ::: spitting out the idiotic words you put in my mouth :::

    Once again there's the attempt to frame what I said as somehow being about the mere fact that you have or express a different view. Wouldn't that be fun to debate instead? Why, that would be so easy to knock out of the park, wouldn't it?

    Three strikes, you're now being obtuse. Go back and reread, this time applying whatever comprehension and critical thinking skills you have to what I actually wrote. (Hint: part of it starts with "There's nothing wrong with contrary opinions...")

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    Member Pauls' Revere's Avatar
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    Thumbs down

    Uh...I dont think so. people have stopped looking so are not counted.

    http://finance.yahoo.com/blogs/the-e...165711644.html

    Workers Are Discouraged

    In the weakest recovery since the Great Depression, most of the reduction in unemployment from its 10.0 percent peak in October 2009 has been accomplished through a significant drop in the percentage of adults working or looking for work. Were adult labor-force participation the same today, the unemployment rate would be 9.7 percent.

    Adding more than 8 million part-time workers who can't find full-time work, the unemployment rate becomes 14.4 percent. It rose above 14 percent in the wake of the financial crisis and remains stuck there.

    Convincing millions of Americans they don't want a job or compelling desperate workers to settle for part-time work has been the Obama Administration's most effective jobs program.


    and this part bears repeating...

    Adding more than 8 million part-time workers who can't find full-time work, the unemployment rate becomes 14.4 percent. It rose above 14 percent in the wake of the financial crisis and remains stuck there.
    Last edited by Pauls' Revere; 12-07-2012 at 09:45 PM.
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    Is a Solution Even Possible?

    The economy would have to add about 12.8 million jobs over the next three years—about 356,000 each month—to bring unemployment down to 6 percent. That would require GDP growth in the range of 4 to 5 percent.

    Without better regulatory and trade policies, it is simply not possible to accelerate growth, create enough jobs and bring down federal deficits—all at the same time.

    http://finance.yahoo.com/blogs/the-e...165711644.html
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    2 + 2 = 5.[/CENTER]

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    Unemployment should start to rise , ea month , for the first 6 months of next yr.

  26. #25

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    Yeah, I think that the number of part-time workers is going to rise, if for no other reason than Obamacare.
    .[QUOTE]"Every great new thought was opposed. Every great new invention was denounced. The first motor was considered foolish. The airplane was considered impossible. The power loom was considered vicious. Anesthesia was considered sinful. But the men of unborrowed vision went ahead. They fought, they suffered and they paid. But they won." - Ayn Rand, The Fountainhead[/QUOTE]
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  27. #26

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    Lol Jordan

    This trolling exercise of yours is really getting funny. Next.thing you will be telling me.that government inflation numbers are overstated.

  28. #27
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    Quote Originally Posted by jclay2 View Post
    Lol Jordan

    This trolling exercise of yours is really getting funny. Next.thing you will be telling me.that government inflation numbers are overstated.
    Inflation is a natural phenomenon.
    Quote Originally Posted by Origanalist View Post
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    In this economy, consumer debt is at AN ALL TIME HIGH !

    http://finance.yahoo.com/news/us-con...--finance.html



    WASHINGTON (AP) Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high.

    The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.

    Borrowing in the category that covers autos and student loans increased by $10.8 billion. Borrowing on credit cards rose by $3.4 billion, only the second monthly increase in the past five months.

    The strong rise in borrowing came in a month when Americans cut back on consumer spending, reflecting in part disruptions from Superstorm Sandy.

    Many consumers may also have scaled back because of fears about the "fiscal cliff." That's the name for automatic tax increases and spending cuts that will take effect in January if Congress and the Obama administration fail to strike a budget deal by then.

    Consumer spending drives roughly 70 percent of economic activity.

    Economists think that it could bounce back in November. But the underlying trend remains weak because with unemployment remaining high, households don't have the incomes to spend.

    Many consumers have been reluctant to build up credit card debt, which typically carries steeper interest rates than other loans.

    Credit card usage has fallen sharply since the 2008 credit crisis. Four years ago, Americans had $1.03 trillion in credit card debt, an all-time high. In October, that figure was 17 percent lower.

    During the same period, student loan debt has increased dramatically. The category that includes auto and student loans is 22 percent higher than in July 2008. That reflects in part the fact that many Americans who have lost jobs decided to go back to school to get training for new careers.

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  30. #29

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    Quote Originally Posted by Pauls' Revere View Post
    In this economy, consumer debt is at AN ALL TIME HIGH !
    Awesome. Since debt is considered money, that means consumers have lots and lots more money.

  31. #30

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    Quote Originally Posted by Steven Douglas View Post
    Awesome. Since debt is considered money, that means consumers have lots and lots more money.

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