@reasoning logic,
The definition of stupid people:
People that think the US economy has gotten 'better' under Obama's rule.
Are you stupid?
@H2O MAN,
How would you know? You're in a mental institution, for cry'n out loud!
@cicerone imposter,
Nice projection... don't forget to take you meds and enjoy your Tapioca.
Right-Wing Media Rely On Discredited Evidence To Dismiss Positive Jobs Report
Quote:Right-wing media are rushing to put a negative spin on newly released jobs numbers showing a drop in the unemployment rate and a net increase in jobs by parroting the discredited claim that government data show that "1.2 million people dropped out of the labor force" last month. In fact, as economic experts have explained, that number reflected an increase in population from 2010 Census figures and is not the result of how many people "dropped out" of the labor force last month.
Quote:But Experts Argue That The 1.2 Million Number Is Based On A Misreading Of The Jobs Report
Economic Journalist Barry Ritholtz: "The Fact Is 1 Million People Did Not Drop Out Of The Labor Force In January 2012." Economic journalist and Washington Post columnist Barry Ritholtz explained that those who are claiming that 1.2 million people dropped out of the labor force in January are misreading the Labor Department's jobs report:
So today following an otherwise pretty darn good jobs report, we get the usual perma-pessimists at Zero Hedge and Rick Santelli over at CNBC proclaiming that the report showed a drop of over 1 million people from the labor force in one month. Of course, as ususal, both Santelli and Zero Hedge have a real reading comprehension problem and completely missed that this million+ people isn't some new January phenomenon, but a result of the BLS using the 2010 census data to have more accurate data. In other words, the changes in the Household Survey to the various measures had taken place over the years prior to 2010, but for simplicity's sake, the BLS incorporates these changes into one month (which they clearly point out).
[...]
[T]he fact is 1 million people did not drop out of the labor force in January 2012. [The Big Picture, 2/3/12]
Links embedded at the link above.
@revelette,
They lie and use fear to change facts in their attempts to win any election, and conservatives repeat those lies like brain dead parrots.
@cicerone imposter,
Liberal democrats lie habitually and they use fear to change facts in their attempts to win
over the dumbmasses and win elections at all levels of government, you just can't trust them.
@revelette,
Like I said, "brain dead." Their use of fear goes beyond the pale. At least they are "colorful" in their lies. Innuendos without any facts to back up what they say, and most FOX fans eat it up like a double-dip chocolate pie.
There are about 28 million working age adults who can’t find work in the ObamaEconomy.
SOURCE
@H2O MAN,
your chart shows things steadily getting better from the time he took office.
what do you think it shows...?
@Rockhead,
watersquirt is so ignorant, he can't even decipher graphs that shows the growth in jobs under Obama. Add to that the fact that job losses were greatest just before Obama took office.
@revelette,
I have to agree. Didn't follow your link, but commentary in WSJ is really reaching. New jobs so far are not enough to keep pace with young people entering the work force, but it looks like the numbers are beginning to move in the right direction. Kind of like saying there is a decrease in the rate of increase of the national debt. Not great, but better than the opposite.
@cicerone imposter,
Ci, your stupidity knows no bounds.
@Rockhead,
Read the following very slowly and let it sink in:
There are about 28 million working age adults who can’t find work in the ObamaEconomy.
@H2O MAN,
I'm one of them, you firkin doofus, but...
your chart shows it all going to hell under Bushy, and getting steadily better under Obama.
isn't there a leak somewhere needs fixin'?
@H2O MAN,
you can thumb me down, but everyone else still sees me...
what do you think your chart shows?
Dueling Doofuses Dickhead & Ci lack the intellectual capacity
to read an comprehend an article... this comes as no surprise.
Instead of being spoon fed liberal talking points by MSNBC, The Huffington Post, NPR and The New York Times, A2Ks Dualing Doofuses and their ilk should read the following and learn:
" First .. .did you realize that up until the Obama administration the Labor Department largely depended on state governments for each state’s specific employment statistics? Obama decided that this function should be removed from the states and centralized under his administrative guidance. Now here’s a guy who went from “jobs created” to “jobs created or saved” as he tried to convince the American people that his stimulus plan was working … and now he finds it necessary to put the responsibility of developing unemployment figures in the White House?
In January, 1.2 million people dropped out of the labor force in one month! This is the largest absolute jump in 'Persons Not In Labor Force' on record...and biggest percentage jump in 30 years. (Zero Hedge). If these people, or a significant portion of them, were in the workforce without jobs the unemployment figure would be higher than 8.3%. So now you’re left with having to figure out whether or not you believe this many people actually said “the hell with it” in one month. Many experts are quite skeptical about this figure.
The report Friday said 12.8 million people remained unemployed – 43% of them for more than six months – and that another 8.2 million part-time workers couldn’t find full-time employment. (LA Times)
With the latest job gains, total payrolls in the nation stand about 5.6 million less than at the start of the recession in late 2007. (LA Times) Our population is growing month by month … yet we now have 5.6 million fewer jobs? Does this sound like a successful presidency?
If the size of the U.S. labor force as a share of the total population – people with jobs and people trying to find jobs -- was the same as it was when Barack Obama took office—65.7 percent then vs. 63.7 percent today—the U-3 unemployment rate would be 11.0 percent . (James Pethokoukis)
Just to put that in perspective, this means that since Obama too office, approximately 4.7 million people are no longer being counted towards the unemployment rate.
But let’s not go all the way back to January 2009. In January 2011, the unemployment rate was 9.1 percent with a participation rate of 64.2 percent. If that were the participation rate today, the unemployment rate would be 8.9 percent, instead of 8.3 percent. As an analysis from Hamilton Place Strategies concludes, “Most of the shift of the past year is due not to the improvement in the labor market, but the continued drop in participation in the labor force.” (James Pethokoukis)
Then there’s the broader, U-6 measure of unemployment which includes the discouraged plus part-timers who wish they had full time work. That unemployment rate is still a sky-high 15.1 percent. (James Pethokoukis)
So if you add up the number of people who are actually unemployed in the ObamaEconomy (12.7 million), the 4.7 million who have given up and dropped out of the labor force and then those who are underemployed, can’t find full-time work (10.5 million) …this means that there are about 28 million working age adults who can’t find work in the ObamaEconomy ".
It's Obama's fault.
@H2O MAN,
Quote:In January, 1.2 million people dropped out of the labor force in one month! This is the largest absolute jump in 'Persons Not In Labor Force' on record...and biggest percentage jump in 30 years. (Zero Hedge).
Zero Hedge apparently has a reading problem. 1.2 million people did NOT drop out of the labor force.
http://krugman.blogs.nytimes.com/2012/02/05/lies-damned-lies-and-politics/?smid=tw-NytimesKrugman&seid=auto
@H2O MAN,
Quote:" First .. .did you realize that up until the Obama administration the Labor Department largely depended on state governments for each state’s specific employment statistics?
Wow.. someone should tell the government that Spurt..
http://www.bls.gov/cps/cps_htgm.htm
Quote:the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940, when it began as a Work Projects Administration project. It has been expanded and modified several times since then. For instance, beginning in 1994, the CPS estimates reflect the results of a major redesign of the survey. (For more information on the CPS redesign, see Chapter 1, "Labor Force Data Derived from the Current Population Survey," in the BLS Handbook of Methods.)
