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Jobless Claims 187,000
Comments
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I'm actually impressed the numbers are that good ~1.5m is still significant but not terrible. I can only imagine how many private sector jobs were traded for government ones though. Be curious to break that out.Bob_C said:There's some math, not 7% but it's over 6%.
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I’m sure it’s significant. What’s likely also significant is the growth quasi private sector jobs, NGO’s, etc that rely on government money 100% for their existence. Some of that gets buried in the private sector.UW_Doog_Bot said:
I'm actually impressed the numbers are that good ~1.5m is still significant but not terrible. I can only imagine how many private sector jobs were traded for government ones though. Be curious to break that out.Bob_C said:There's some math, not 7% but it's over 6%.
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Shh those long term unemployed that get removed from the stats don't exist. Cut off their guberment cheese and see how quick they look for work! HuskyDuck says they don't exist. Obama created them.UW_Doog_Bot said:
5.7 million long term unemployed(which aren't counted in your 3.5% number).UW_Doog_Bot said:
I did that math off the cuff in my head.UW_Doog_Bot said:
So about 3 million less participants in total. Which means true unemployment is actually somewhere around 7%.HuskyBuck said:
So is Labor Participation up since January 2021? According to that chart it looks like its trending upwards just like it was doing under Trump.UW_Doog_Bot said:
Same game as under Obama.WestlinnDuck said:Labor participation rate is still down since January 2020 and not trending well. Couldn't find a chart on the Sugar Bowl participation rate which is the gold standard of course for the status of the economy.
The unemployment rate is so low! If you don't count all the people who are long term unemployed.
Here's what Labor Participation rate did from when Trump was in office, to Janurary 2020 which was right before pandemic hit
Trump:
Jan 2017. - 62.8
Jan 2020 - 63.3
Biden:
Jan 2021 - 61.5
Now - 62.5
This is why I call you Oregon fans dumb as dirt. You can't intrepret a chart.
Something Something dumb as dirt.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.bls.gov/news.release/pdf/empsit.pdf&ved=2ahUKEwjDj9jTzuyDAxUkMEQIHU8cDiMQFnoECDYQAQ&usg=AOvVaw0El9HPDNwCkjhZ_HvoSxIU
Come get some.
Also, lulz, about that trend.
Fucking love it when tug smooth brains want to wrastle economics with me.
As opposed to 2019 there being 1.2 million...
https://www.bls.gov/opub/mlr/2020/article/job-market-remains-tight-in-2019-as-the-unemployment-rate-falls-to-its-lowest-level-since-1969.htm
Do I need to explain this to you further? -
Before the gross number is ultimately revised down by ~20% or so, We’re averaging 50k new government jobs per month.Bob_C said:
I’m sure it’s significant. What’s likely also significant is the growth quasi private sector jobs, NGO’s, etc that rely on government money 100% for their existence. Some of that gets buried in the private sector.UW_Doog_Bot said:
I'm actually impressed the numbers are that good ~1.5m is still significant but not terrible. I can only imagine how many private sector jobs were traded for government ones though. Be curious to break that out.Bob_C said:There's some math, not 7% but it's over 6%.
That’s nearly 1/3 of the overall figure. Then you account for part time work and subtract union workers returning from strikes it gets even worse.
The takers are outpacing the makers, and 20-something idiots like HuskyBuck are running victory laps. -
Lol man those numbers must have really hurt you guys yesterday. I already caught Doog trying to fudge some of the numbers yesterday. Guys, its just time to take the ‘L’ and move on.
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1.5m more people out of work that want a job is a loss for you. Hope that helps.HuskyBuck said:Lol man those numbers must have really hurt you guys yesterday. I already caught Doog trying to fudge some of the numbers yesterday. Guys, its just time to take the ‘L’ and move on.
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Bless your heart.HuskyBuck said:Lol man those numbers must have really hurt you guys yesterday. I already caught Doog trying to fudge some of the numbers yesterday. Guys, its just time to take the ‘L’ and move on.
They actually hurt you, but you’re too unsophisticated to realize it.
HTH -
Who needs family wage jobs and export revenue and personal income taxes and corporate income taxes? Sending US natural gas to the chicoms to replace coal fired electric plants would cut CO2 emissions. But actually solving a supposed problem this will make the supposed problem worse and cost US jobs. Nothing says SCIENCE and carrying for the average joe than the green gaia fraudsters.
https://www.zerohedge.com/commodities/biden-set-announce-lng-export-ban-appease-climate-warriors-ahead-election
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Would you just LOOK at those wage increases!pawz said:
Bidenomics fuck yeah!
How could you NOT win in this economy?
