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New Comments from Gallup CEO: Number of Full-Time Jobs as Percent of Population Is Lowest Ever
d2d
Member Posts: 3,109
in Tug Tavern
In the previous thread, several Obamaniacs questioned Gallup's CEO and asked what the "Number of Full-Time Jobs as Percent of Population" was...
"Ask and ye shall receive." Matthew 7:7. Today he doubled down on his previous comments and stated, "The Number of Full-Time Jobs as Percent of Population Is Lowest It’s Ever Been." Here it is in video, (for our lazy non-reading members, and you know who you are.)
"Ask and ye shall receive." Matthew 7:7. Today he doubled down on his previous comments and stated, "The Number of Full-Time Jobs as Percent of Population Is Lowest It’s Ever Been." Here it is in video, (for our lazy non-reading members, and you know who you are.)
https://www.youtube.com/watch?feature=player_embedded&v=CTRAibMiLZ8
Comments
"The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, continued to climb in June. The percentage of Americans employed full time for an employer last month, 45.0%, is up from 44.5% in May and ranks as one of the highest rates since tracking began in January 2010."
Except it's only been around since January 2010. From his own website.
Interesting...
So how can the 5.6% unemployment rate be the "lowest in history" (or whatever), when the government just started measuring it this way last week?
BTW, Obama has changed the calculation plenty. That's how he drove the pesky number down. You're obviously either not paying attention, never found your statistics class in Kane Hall, or are just stupid.
checkout the documentary Dirty Wars outstanding film. Its on Netflix I believe.
Politicians are like an offensive coordinator finding wrinkles to confuse the defense.
The difference? Under Reagan the economy was adding jobs and recovering at a faster rate than it is today.
Underemployment is a major issue. Lots of people who don't take jobs because unemployment is a better option. There is also a spike in disability.
WSJ had an article above the fold about jobs starting to heat up.
So we will either pull out of this, or we won't. Either way it will be interesting.
Nobody cares about minimum wagers, except for Romney and Fox news all of the sudden...
The Obama economy has been great for me...my equity portfolio has been juiced by the various QEs, the house I purchased in late 2011 has increased in nominal value by 25%, and the diamond engagement ring I also purchased for my now wife in early 2011 is worth significantly more as well.
But if you have just been scraping by the last 6 years, your purchasing power has eroded and wage gains haven't kept up with the cost of living. That's even with a full-time job while ObamacareFS deems anyone working 30 hours or more as a full-time worker so companies naturally hire two 25 hour per week workers rather than hire one full-time worker so as to avoid the regulations. So measuring the U-3 unemployment rate is FS since U-6 is a much more accurate measurement of people struggling to make ends meet (rather than what the top 10-25% of the country are doing):
image.slidesharecdn.com/p150207unemployment-150207131342-conversion-gate02/95/us-private-sector-job-growth-at-fastest-pace-since-dotcom-boom-5-638.jpg?cb=1423336540
But what concerns me most is that a continuously growing government trying to solve every problem or crisis leads to Big Government, corruption, and malinvestment. We've seen it with the tech bubble, health care costs soaring, the housing bubble, the student debt bubble, and perhaps another bubble in the equity markets. What's also terrible is that the bigger government becomes, the economic multiplier of Federal Spending decreases since Federal Spending as a percentage of GDP is already abnormally high yet Obama wants to double down on Big Government, at least according to his recent budget proposal (which is partly a political document providing cover for Big Government Dems running for national office in 2016). Please note that I never voted for George W. either and I'm glad I never did because he was really a Big Government politician (even going so far as to wade into the Terry Schiavo mess).
Speaking of Big Government, I love this quote at the end of this article:
"I may not speak for many other upper-middle-class types, but I’ll tell you what: I’m happy to have the government spend less on me if I know it’s spending less altogether and is directing what money it does spend to people who need it more than I do. But if you’re simply talking about raising taxes in order to maintain the bloated status quo plus a bunch of new programs, count me out. That’s not because I’m selfish. It’s because I’m not stupid."
thedailybeast.com/articles/2015/02/06/to-the-barricades-brooklyn-yuppies.html
For a message board full of people who supposedly went to college, there's stupid shit said on here.
thegatewaypundit.com/2015/02/gallup-ceo-i-may-suddenly-disappear-for-telling-the-truth-about-obama-unemployment-rate-video/