Big O hits it on jObs

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Re: Big O hits it on jObs

Post  Gomezz Adddams on Thu Feb 11, 2016 9:16 am

Dr. Jones wrote:America has near record 5.6 million job openings
http://money.cnn.com/2016/02/09/news/economy/america-5-6-million-record-job-openings/

A little more insight to the legitimacy of the jobless rate, which finally dropped below 5%.

“There is no joy in this month’s jobs report and no sign that things have turned around. The recovery isn’t happening, it isn’t expanding and the labor participation rate is holding. While wages are up a bit, it isn’t enough to make an impact.” - Gary Chaison, Professor Graduate School of Management, Clark University
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Re: Big O hits it on jObs

Post  Dr. Evil on Thu Feb 11, 2016 9:25 am

Gomezz Adddams wrote:
Dr. Jones wrote:America has near record 5.6 million job openings
http://money.cnn.com/2016/02/09/news/economy/america-5-6-million-record-job-openings/

A little more insight to the legitimacy of the jobless rate, which finally dropped below 5%.

“There is no joy in this month’s jobs report and no sign that things have turned around. The recovery isn’t happening, it isn’t expanding and the labor participation rate is holding. While wages are up a bit, it isn’t enough to make an impact.” - Gary Chaison, Professor Graduate School of Management, Clark University
Of course participation rate is holding.  Those people aren't looking for jobs.  Under 5% is considered my most to be full employment.

This month's jobs report was certainly not as big of a home run as past months.  I wish Wall Street would focus their perception more on our glut of oil production instead of the notion of dwindling oIL consumption.  This would significantly improve our economy's moral, and promote job growth instead of contraction.  They will kill this job market.
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Re: Big O hits it on jObs

Post  Dr. Evil on Fri Mar 04, 2016 12:30 pm

It's good to know that Obama is on the job.   Republicans are too busy comparing penis size to worry about job creation.  You remember who our last big job creator was?   Bill Clinton.

U.S. unemployment rate remained at 4.9% and employers added 242,000 jobs in February.
www.cnn.com
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Re: Big O hits it on jObs

Post  Skeptical on Fri Mar 04, 2016 12:53 pm


A realistic explanation of how a real "Unemployment Rate" should be calculated not the fantasy pushed on the public!

From year 2000 to 2016, the working Employed population increased by 10% compared to a 40% rise in the non-working U6/NiLF population.  As shown above, the non-working population exceeded the working population during the 2007-2009 Great Recession. Since year 2000, the Not-in-Labor-Force cadre grew from 68.7 million to 94.1 million, an increase of 25.4 million citizens, who often become dependent on public and familial forms of financial assistance.  Based on current trends, the Not-in-Labor-Force population will outnumber the private sector working population by 2024.

From a Jobenomics perspective, unemployment should be defined as all able-bodied adult American citizens who are capable of working but are not currently employed full or part-time.  The ability to work should be the determining factor for unemployment as opposed to whether or not a person is looking for work.

Sooner or later, the American public will figure out that it is theoretically possible for the United States to have a zero rate of unemployment while simultaneously having zero people employed in the labor force.  The reason for this disquieting statement involves how government measures unemployment.  To be classified as unemployed, one must be looking for work.  Able-bodied Americans who quit looking and voluntarily depart the workforce are classified in the nebulous and obscure Not-in-Labor-Force.

Jobenomics contends that all able-bodied Americans who can work but don’t work, regardless if they are looking or not, should be considered “Functionally Unemployed”.  Functional is defined as capable of working.  An able-bodied adult who is capable of working but chooses not to work should be considered unemployed for the same reason that “discouraged”, “marginally attached” and “part-time workers for economic reasons” are included in the BLS U4, U5 and U6 unemployment categories.  


- See more at: http://jobenomicsblog.com/tag/bureau-of-labor-statistics/#sthash.lFT9j5ph.dpuf
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Re: Big O hits it on jObs

Post  Gomezz Adddams on Fri Mar 04, 2016 1:10 pm

You want to create jobs Fcukstik? Then get the GDP growing. However Obama is to busy pretending he's a golfer and under his watch the GDP has languished

"The United States has now gone a record 10 straight years without 3 percent growth in real Gross Domestic Product, according to data released by the Bureau of Economic Analysis."

"In the 85 years for which BEA has calculated the annual change in real GDP there is only one ten-year stretch—2006 through 2015—when the annual growth in real GDP never hit 3 percent. During the last ten years, real annual growth in GDP peaked in 2006 at 2.7 percent. It has never been that high again, according to the BEA"

http://www.cnsnews.com/news/article/terence-p-jeffrey/us-has-record-10th-straight-year-without-3-growth-gdp
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Re: Big O hits it on jObs

Post  nightlight88 on Fri Mar 04, 2016 2:25 pm

Dr. Jones wrote:It's good to know that Obama is on the job.   Republicans are too busy comparing penis size to worry about job creation.  You remember who our last big job creator was?   Bill Clinton.

U.S. unemployment rate remained at 4.9% and employers added 242,000 jobs in February.
www.cnn.com


What exactly did Blowjobbilly do to CREATE jobs?

The best thing he did was leave things alone while he was poking everything that walked except Hillary.
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Re: Big O hits it on jObs

Post  BladeRunner on Fri Mar 04, 2016 4:41 pm

nightlight88 wrote:
Dr. Jones wrote:It's good to know that Obama is on the job.   Republicans are too busy comparing penis size to worry about job creation.  You remember who our last big job creator was?   Bill Clinton.

U.S. unemployment rate remained at 4.9% and employers added 242,000 jobs in February.
www.cnn.com


What exactly did Blowjobbilly do to CREATE jobs?

The best thing he did was leave things alone while he was poking everything that walked except Hillary.

It's hilarious how the libs keep giving Clinton credit for what the Republicans in the House of Representatives did.
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Re: Big O hits it on jObs

Post  Darth Cheney on Fri Mar 04, 2016 6:40 pm

Dr. Jones wrote:It's good to know that Obama is on the job.   Republicans are too busy comparing penis size to worry about job creation.  You remember who our last big job creator was?   Bill Clinton.

U.S. unemployment rate remained at 4.9% and employers added 242,000 jobs in February.
www.cnn.com

Odumba doesn't have a penis...Moochelle does. She/he/it wipes it out when she/he/it doesn't have a lobster tail in she/he/it's claws.
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Re: Big O hits it on jObs

Post  Dr. Evil on Fri Nov 04, 2016 10:21 am

Mmmm, mmm, mmm.... Another great jobs month. Not to mention the September jobs # got fixed. If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.




U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html
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Re: Big O hits it on jObs

Post  Jammer on Fri Nov 04, 2016 11:58 am

Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

More BULLSHIT from the biggest lying piece of dogshit on this forum.  I hope nobody even bothers to counter this stupid statement by the mental midget.  The useful idiots on this forum are neither open minded nor intelligent enough to understand any relatives facts that counter this BOGUS campaign rhetoric.  It is just more BS  from the Soros funded website that the useful idiot were instructed to spread around.
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Re: Big O hits it on jObs

Post  Dr. Evil on Fri Nov 04, 2016 12:07 pm

Jammer wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

More BULLSHIT from the biggest lying piece of dogshit on this forum.  I hope nobody even bothers to counter this stupid statement by the mental midget.  The useful idiots on this forum are neither open minded nor intelligent enough to understand any relatives facts that counter this BOGUS campaign rhetoric.  It is just more BS  from the Soros funded website that the useful idiot were instructed to spread around.

Are you disputing the jobs report? scratch bounce
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Re: Big O hits it on jObs

Post  Clicker on Fri Nov 04, 2016 5:28 pm

Dr. Jones wrote:
Are you disputing the jobs report? scratch bounce

Only the part where they fail to mention that the real number is over 11% due to those who have run out of unempoyment and are no longer looking. there guys are on welfare of some sort and likely working under the table part time jobs on the economy. I know three people who are doing quite well simply selling garage sale stuff in the local flea markets. (In So Cal) They pay no taxes and haven't since the turn of the century. They live quite well and everything they own is paid for. They enjoy the maximum subsidy on Obamacare too.
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Re: Big O hits it on jObs

Post  Gomezz Adddams on Fri Nov 04, 2016 8:34 pm

Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

And 94,609,000 people aren't in the labor force, second highest number on record. Employment growth is averaging only 181,000 new jobs per month in 2016, well below the average monthly increase of 229,000 in 2015. affraid Thanks Obummer.
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Re: Big O hits it on jObs

Post  Darth Cheney on Fri Nov 04, 2016 8:48 pm

Dr. Jones wrote:
Jammer wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

More BULLSHIT from the biggest lying piece of dogshit on this forum.  I hope nobody even bothers to counter this stupid statement by the mental midget.  The useful idiots on this forum are neither open minded nor intelligent enough to understand any relatives facts that counter this BOGUS campaign rhetoric.  It is just more BS  from the Soros funded website that the useful idiot were instructed to spread around.

Are you disputing the jobs report? scratch bounce

Careful...If this keeps up...leaches like you might lose their government trough you have come so accustomed too.
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Re: Big O hits it on jObs

Post  Dr. Evil on Fri Nov 04, 2016 9:10 pm

Gomezz Adddams wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

And 94,609,000 people aren't in the labor force, second highest number on record. Employment growth is averaging only 181,000 new jobs per month in 2016, well below the average monthly increase of 229,000 in 2015. affraid Thanks Obummer.

Maybe, but as you pointed out, we have a large segment of our population,  the baby boomers, dropping out of the workforce.
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Re: Big O hits it on jObs

Post  Dr. Evil on Sat Nov 05, 2016 8:44 am

*REMINDER* Reporting the facts doesn't mean that they have a liberal bias, it just means that they are honest.

Trump jobs claim adds up, but no 'disaster'
http://money.cnn.com/2016/11/04/news/economy/donald-trump-94-million-people-out-of-work/index.html
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Re: Big O hits it on jObs

Post  Gomezz Adddams on Sat Nov 05, 2016 9:55 am

Dr. Jones wrote:
Gomezz Adddams wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

And 94,609,000 people aren't in the labor force, second highest number on record. Employment growth is averaging only 181,000 new jobs per month in 2016, well below the average monthly increase of 229,000 in 2015. affraid Thanks Obummer.

Maybe, but as you pointed out, we have a large segment of our population,  the baby boomers, dropping out of the workforce.

Retirees only comprise 43% or so of the people not in the work force. The drop in unemployment is coming from people leaving the work force and not because they are finding new jobs. They key figure is job creation which has been anemic. Not only is job creation running below historic averages it isn't even keeping up with increases in population which is in decline itself.
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Re: Big O hits it on jObs

Post  Darth Cheney on Sat Nov 05, 2016 10:46 am

Gomezz Adddams wrote:
Dr. Jones wrote:
Gomezz Adddams wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

And 94,609,000 people aren't in the labor force, second highest number on record. Employment growth is averaging only 181,000 new jobs per month in 2016, well below the average monthly increase of 229,000 in 2015. affraid Thanks Obummer.

Maybe, but as you pointed out, we have a large segment of our population,  the baby boomers, dropping out of the workforce.

Retirees only comprise 43% or so of the people not in the work force. The drop in unemployment is coming from people leaving the work force and not because they are finding new jobs. They key figure is job creation which has been anemic. Not only is job creation running below historic averages it isn't even keeping up with increases in population which is in decline itself.

They are choosing to become Societal Slugs like our poster Dr. Jones...smaller piece of the pie coming.
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Re: Big O hits it on jObs

Post  Dr. Evil on Sat Nov 05, 2016 6:19 pm

Gomezz Adddams wrote:
Dr. Jones wrote:
Gomezz Adddams wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

And 94,609,000 people aren't in the labor force, second highest number on record. Employment growth is averaging only 181,000 new jobs per month in 2016, well below the average monthly increase of 229,000 in 2015. affraid Thanks Obummer.

Maybe, but as you pointed out, we have a large segment of our population,  the baby boomers, dropping out of the workforce.

Retirees only comprise 43% or so of the people not in the work force. The drop in unemployment is coming from people leaving the work force and not because they are finding new jobs. They key figure is job creation which has been anemic. Not only is job creation running below historic averages it isn't even  keeping up with increases in population which is in decline itself.  

I'm wondering which data set exactly it is that you are referring to?  Certainly not job participation.



As I've said before, participation is trending down in large part to our aging population.  Even aside from that though, look at the graph through the Clinton years.  We all know job growth was phenomenal during the Clinton years.  By your rational, participation rate should have been through the roof well, but it wasn't.  The two, while in some respects related, are, controlled their own dynamics.  What worked to Reagan's benefit has worked against Obama least in regard to statistical data.  I understand you really, really want Obama's job numbers to reflect failure, but it's just not going to work out for you. Sad
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Re: Big O hits it on jObs

Post  Gomezz Adddams on Mon Nov 07, 2016 10:09 am

Dr. Evil wrote:
Gomezz Adddams wrote:
Dr. Jones wrote:
Gomezz Adddams wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

And 94,609,000 people aren't in the labor force, second highest number on record. Employment growth is averaging only 181,000 new jobs per month in 2016, well below the average monthly increase of 229,000 in 2015. affraid Thanks Obummer.

Maybe, but as you pointed out, we have a large segment of our population,  the baby boomers, dropping out of the workforce.

Retirees only comprise 43% or so of the people not in the work force. The drop in unemployment is coming from people leaving the work force and not because they are finding new jobs. They key figure is job creation which has been anemic. Not only is job creation running below historic averages it isn't even  keeping up with increases in population which is in decline itself.  

I'm wondering which data set exactly it is that you are referring to?  Certainly not job participation.



As I've said before, participation is trending down in large part to our aging population.  Even aside from that though, look at the graph through the Clinton years.  We all know job growth was phenomenal during the Clinton years.  By your rational, participation rate should have been through the roof well, but it wasn't.  The two, while in some respects related, are, controlled their own dynamics.  What worked to Reagan's benefit has worked against Obama least in regard to statistical data.  I understand you really, really want Obama's job numbers to reflect failure, but it's just not going to work out for you. Sad

As I stated, retirees make up only 43% of people not in the work force. You can't see the forest for the trees on your chart that only goes back to 1978. Here's a chart going back to the 50's. Note that the go go years of the Clinton economy represents the zenith of labor participation rate. So yes the participation rate was "through the roof".

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Re: Big O hits it on jObs

Post  Dr. Evil on Mon Nov 07, 2016 10:36 am

Gomezz Adddams wrote:
Dr. Evil wrote:
Gomezz Adddams wrote:
Dr. Jones wrote:
Gomezz Adddams wrote:
Dr. Jones wrote:Mmmm, mmm, mmm.... Another great jobs month.  Not to mention the September jobs # got fixed.  If you're voting for a party instead of a candidate on Tuesday, there's only one sensible choice.

   


U.S. unemployment falls to 4.9% before election
http://money.cnn.com/2016/11/04/news/economy/us-october-jobs-report/index.html

And 94,609,000 people aren't in the labor force, second highest number on record. Employment growth is averaging only 181,000 new jobs per month in 2016, well below the average monthly increase of 229,000 in 2015. affraid Thanks Obummer.

Maybe, but as you pointed out, we have a large segment of our population,  the baby boomers, dropping out of the workforce.

Retirees only comprise 43% or so of the people not in the work force. The drop in unemployment is coming from people leaving the work force and not because they are finding new jobs. They key figure is job creation which has been anemic. Not only is job creation running below historic averages it isn't even  keeping up with increases in population which is in decline itself.  

I'm wondering which data set exactly it is that you are referring to?  Certainly not job participation.



As I've said before, participation is trending down in large part to our aging population.  Even aside from that though, look at the graph through the Clinton years.  We all know job growth was phenomenal during the Clinton years.  By your rational, participation rate should have been through the roof well, but it wasn't.  The two, while in some respects related, are, controlled their own dynamics.  What worked to Reagan's benefit has worked against Obama least in regard to statistical data.  I understand you really, really want Obama's job numbers to reflect failure, but it's just not going to work out for you. Sad

As I stated, retirees make up only 43% of people not in the work force. You can't see the forest for the trees on your chart that only goes back to 1978. Here's a chart going back to the 50's. Note that the go go years of the Clinton economy represents the zenith of labor participation rate. So yes the participation rate was "through the roof".


Retirees may make up 43% of the population not in the work force, but we are also talking about less than a 5% variation in overall participation. A small shift in demographics can make a big difference in participation when you are dealing with such a small percentage of fluctuation. The relevance of your longer graph is questionable cosidering a family used to be able to get by on a single income.
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Speaking of how fantastic Obama has been doing on jobs

Post  Skeptical on Mon Nov 07, 2016 11:45 am


"Workers are eligible for unemployment compensation only if they are temporarily out of work through no fault of their own."  in other words these people may collect unemployment benefits assuming the state of residence requirements are met

Using SEASONAL ADJUSTED numbers from http://www.oui.doleta.gov/unemploy/claims.asp

Week ending 10/01/2016 there were 246,000 INITIAL CLAIMS for unemployment benefits
Week ending 10/08/2016 there were 247,000 INITIAL CLAIMS for unemployment benefits
Simple addition indicates 493,000 people lost jobs during first two weeks in October 2016

and as of Week ending 10/08/2016 there were 2,057,500 continuing claims for unemployment

So how is 160,000 new jobs for the entire month of October good news when 493,000 began drawing first time unemployment benefits during only the first two weeks of October ??
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Re: Big O hits it on jObs

Post  Dr. Evil on Mon Nov 07, 2016 8:53 pm

Skeptical wrote:
"Workers are eligible for unemployment compensation only if they are temporarily out of work through no fault of their own."  in other words these people may collect unemployment benefits assuming the state of residence requirements are met

Using SEASONAL ADJUSTED numbers from http://www.oui.doleta.gov/unemploy/claims.asp

Week ending 10/01/2016 there were 246,000 INITIAL CLAIMS for unemployment benefits
Week ending 10/08/2016 there were 247,000 INITIAL CLAIMS for unemployment benefits
Simple addition indicates 493,000 people lost jobs during first two weeks in October 2016

and as of Week ending 10/08/2016 there were 2,057,500 continuing claims for unemployment

So how is 160,000 new jobs for the entire month of October good news when 493,000 began drawing first time unemployment benefits during only the first two weeks of October ??



Nuff said...
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Re: Big O hits it on jObs

Post  Skeptical on Mon Nov 07, 2016 10:57 pm

Dr. Evil wrote:
Skeptical wrote:
"Workers are eligible for unemployment compensation only if they are temporarily out of work through no fault of their own."  in other words these people may collect unemployment benefits assuming the state of residence requirements are met

Using SEASONAL ADJUSTED numbers from http://www.oui.doleta.gov/unemploy/claims.asp

Week ending 10/01/2016 there were 246,000 INITIAL CLAIMS for unemployment benefits
Week ending 10/08/2016 there were 247,000 INITIAL CLAIMS for unemployment benefits
Simple addition indicates 493,000 people lost jobs during first two weeks in October 2016

and as of Week ending 10/08/2016 there were 2,057,500 continuing claims for unemployment

So how is 160,000 new jobs for the entire month of October good news when 493,000 began drawing first time unemployment benefits during only the first two weeks of October ??



Nuff said...

Well, your chart does indicate the initial jobless claims is in the same ballpark as the link given .. roughly in the 240 to 255K range for early 2015.

However I did not see how having 160,000 new jobs for the month, October 2016 for example is better than 240 to 250K per week applying for initial jobless benefits during the same time period.
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Re: Big O hits it on jObs

Post  Dr. Evil on Tue Nov 08, 2016 8:12 am

Skeptical wrote:
Dr. Evil wrote:
Skeptical wrote:
"Workers are eligible for unemployment compensation only if they are temporarily out of work through no fault of their own."  in other words these people may collect unemployment benefits assuming the state of residence requirements are met

Using SEASONAL ADJUSTED numbers from http://www.oui.doleta.gov/unemploy/claims.asp

Week ending 10/01/2016 there were 246,000 INITIAL CLAIMS for unemployment benefits
Week ending 10/08/2016 there were 247,000 INITIAL CLAIMS for unemployment benefits
Simple addition indicates 493,000 people lost jobs during first two weeks in October 2016

and as of Week ending 10/08/2016 there were 2,057,500 continuing claims for unemployment

So how is 160,000 new jobs for the entire month of October good news when 493,000 began drawing first time unemployment benefits during only the first two weeks of October ??



Nuff said...

Well, your chart does indicate the initial jobless claims is in the same ballpark as the link given .. roughly in the 240 to 255K range for early 2015.

However I did not see how having 160,000 new jobs for the month, October 2016 for example is better than 240 to 250K per week applying for initial jobless benefits during the same time period.

First time unemployment claims can be due to a number of different reasons. A shift in direction at your company that terminates your current job, an injury or illness, someone who isn't really looking for a job finds short term work and then files a claim because they can.

These are all variables can effect the number of, or trigger first time jobless claims. They say very little about the economy. This is why anything under 300K is considered to be robust, which Obama has also enjoyed a record amount of time.

study study study

http://www.cnbc.com/2016/10/27/reuters-america-us-jobless-claims-fall-continuing-claims-lowest-since-2000.html
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Dr. Evil

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Re: Big O hits it on jObs

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