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Posted: 1/7/2012 10:37:32 AM EDT
http://www.businessweek.com/news/2012-01-07/obama-re-election-odds-may-rise-as-unemployment-falls.html

Jan. 7 (Bloomberg) –– President Barack Obama called yesterday’s jobs report a sign the U.S. economy is on the rebound. His prospects for re-election may depend on it.

The drop in the unemployment rate in December to 8.5 percent, a three-year low, showed the job market gaining momentum heading into a presidential election campaign that will be shaped by the state of the economy.

The Labor Department figures cap four months of declines in the unemployment rate and six consecutive months of jobs gains of 100,000 or more. Employers expanded payrolls by 200,000 in December, exceeding a median estimate of 155,000 in a Bloomberg News survey. For all of 2011, 1.64 million positions were created, the most since 2006, after a 940,000 increase in 2010.

“This can make a difference for Obama if it persists into the spring,” said Frank Newport, editor-in-chief of the Gallup Poll in Princeton, New Jersey. “It’s the sense of direction in the economy that matters more than the numbers.”

After the longest period of unemployment above 8 percent since the Great Depression, the economy is the focal point of the 2012 campaign, with voters consistently telling pollsters it is the top issue for them.


Ah, the disinformation campaign ramps up!
Link Posted: 1/7/2012 10:41:53 AM EDT
The jobs being offered are low pay menial labor work, not the type of work that was lost to begin with.

A job is a job but not all jobs are equal.
Link Posted: 1/7/2012 10:47:02 AM EDT
Originally Posted By fxntime:
The jobs being offered are low pay menial labor work, not the type of work that was lost to begin with.

A job is a job but not all jobs are equal.


Plus, it is the spike from holiday seasonal

I am sure it will be swept under the rug when January jobs reports come out and it hits 9% again
Link Posted: 1/7/2012 11:04:42 AM EDT
As they fudge the numbers.
Link Posted: 1/7/2012 11:06:12 AM EDT
I wouldn't worry, all those guys they are dumping out of the .mil will drive the numbers way up.
Link Posted: 1/7/2012 11:06:14 AM EDT


The real indicator of an imploding economy is the labor participation rate e.g. the percentage of the population that is actually working a full time job right now. Supposed to be at it's lowest point ever right now, meaning more people are sponging off society than there are contributing to it. Easier to collect some form of welfare/transfer payment than to look for work these days, so it tends to improve the appearance of the official unemployment rate.

The private sector labor participation rate is probably even lower .....
Link Posted: 1/7/2012 11:08:26 AM EDT
Rush read an article from Jimmy P on Friday.

Take the number of people working when Obama took office, apply that worker pool to the December unemployment figures, and you get 10.9% unemployment.
Link Posted: 1/7/2012 11:09:13 AM EDT
It's magic!
Link Posted: 1/7/2012 11:12:13 AM EDT

Originally Posted By Brohawk:
As they fudge the numbers.

Yeah, Rush was talking about that on Friday. If all the people who were looking in 2009 were still looking today, and if you include all those forced on part time who want full time, the real unemployment rate is something around 17%. In other words, Great Depression numbers.


Link Posted: 1/7/2012 11:12:56 AM EDT
Google the birth numbers for 1945-1949 and figure out how many people are leaving the labor force each month.
Link Posted: 1/7/2012 11:15:10 AM EDT
Originally Posted By happycynic:

Originally Posted By Brohawk:
As they fudge the numbers.

Yeah, Rush was talking about that on Friday. If all the people who were looking in 2009 were still looking today, and if you include all those forced on part time who want full time, the real unemployment rate is something around 17%. In other words, Great Depression numbers.




To be fair some of the people who are not included in the numbers retired. But the unemployment percent spit out by the government is completely fictitious and I believe the real number is well over 10%.
Link Posted: 1/7/2012 11:16:31 AM EDT
Originally Posted By crurifragium:
Google the birth numbers for 1945-1949 and figure out how many people are leaving the labor force each month.


There are more people entering the work force vs exiting, it is something like 140k a month more, they aren't accounting for that figure at all.
Link Posted: 1/7/2012 11:19:42 AM EDT
Unemployment numbers are not getting lower, it's just that more and more people dropping off the unemployment doles. This is why you don't see Obummer bragging everyday about it, if he did everyone will slam him with the truth that the real rate is currrently 11.5% with around 20 million+ people out of work.
Link Posted: 1/7/2012 11:20:02 AM EDT
Originally Posted By happycynic:

Originally Posted By Brohawk:
As they fudge the numbers.

Yeah, Rush was talking about that on Friday. If all the people who were looking in 2009 were still looking today, and if you include all those forced on part time who want full time, the real unemployment rate is something around 17%. In other words, Great Depression numbers.




But hasn't the BLS always reported unemployment statistics based on it's current criteria?
Link Posted: 1/7/2012 11:20:57 AM EDT
Originally Posted By happycynic:

Originally Posted By Brohawk:
As they fudge the numbers.

Yeah, Rush was talking about that on Friday. If all the people who were looking in 2009 were still looking today, and if you include all those forced on part time who want full time, the real unemployment rate is something around 17%. In other words, Great Depression numbers.




But hasn't the BLS always reported unemployment statistics based on it's current criteria?
Link Posted: 1/7/2012 11:24:03 AM EDT

Originally Posted By Rhyn087:
Originally Posted By happycynic:

Originally Posted By Brohawk:
As they fudge the numbers.

Yeah, Rush was talking about that on Friday. If all the people who were looking in 2009 were still looking today, and if you include all those forced on part time who want full time, the real unemployment rate is something around 17%. In other words, Great Depression numbers.




But hasn't the BLS always reported unemployment statistics based on it's current criteria?

The real problem is that the measure they use isn't very accurate for a major recession/depression. In fat times, not counting people who are discouraged from looking or are on part times makes sense. In an economy like ours it drastically underestimates the problem. Also, the current thugs do play with the numbers. Their estimates for each month are almost invariably revised quietly later to reflect much worse circumstances.
Link Posted: 1/7/2012 11:24:55 AM EDT
[Last Edit: 1/7/2012 11:27:30 AM EDT by JmPnTX]
hNFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984

The nonfarm payroll number prints at 200K on expectations of 155K. The Unemployment rate comes at 8.5% - lowest since February 2009, and down from an upward revised 8.7%. U-6 15.2% down from 15.6% in November. Average hourly earnings rose at 0.2%, in line with expectations, previous revised to -0.1% from unchanged. Private payrolls +212L vs Expectations of 178K. Manufacturing payrolls rose 23K vs Expectations of 155K. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it.


Link Posted: 1/7/2012 11:25:44 AM EDT
Meh, Obama's re-election odds are rising with Romney's popularity anyway.
Link Posted: 1/7/2012 11:30:09 AM EDT
Anyone with 1/2 a brain knows the unemployment and underemployment numbers are far higher than what the fucking FEDs report.
Of course, that fact is well beyond the comprehension of the lower-class and liberal scum.
Link Posted: 1/7/2012 11:32:10 AM EDT
Are people seriously dumb enough to not understand that Dec. employment numbers are inflated due to huge numbers of seasonal jobs that only last for a month?
Link Posted: 1/7/2012 11:39:42 AM EDT
Originally Posted By rfm05:
Are people seriously dumb enough to not understand that Dec. employment numbers are inflated due to huge numbers of seasonal jobs that only last for a month?


Yes. Yes they are.
Link Posted: 1/7/2012 11:43:54 AM EDT
Originally Posted By PeteCO:
Originally Posted By rfm05:
Are people seriously dumb enough to not understand that Dec. employment numbers are inflated due to huge numbers of seasonal jobs that only last for a month?


Yes. Yes they are.


That's too obvious.

Not to mention when did 8.5% unemployment look like a promising indication of economic health? With gas prices still high I think it's a bit early to assume we're all going to be fine. Especially since our national debt doesn't look to be going anywhere but up.
Link Posted: 1/7/2012 11:45:56 AM EDT

Originally Posted By SilentType:
Originally Posted By PeteCO:
Originally Posted By rfm05:
Are people seriously dumb enough to not understand that Dec. employment numbers are inflated due to huge numbers of seasonal jobs that only last for a month?


Yes. Yes they are.


That's too obvious.

Not to mention when did 8.5% unemployment look like a promising indication of economic health? With gas prices still high I think it's a bit early to assume we're all going to be fine. Especially since our national debt doesn't look to be going anywhere but up.

Don't worry about gas prices (or food). They are not included in the inflation number. Nothing to see here. Move along please.
Link Posted: 1/7/2012 11:50:01 AM EDT
Smoke and mirrors.....too bad that the general public can't do simple math and figure this shit out for themselves.
Link Posted: 1/7/2012 11:53:06 AM EDT
How real unemployeement looks.

If you take unemployment and use the same math that was used when Obama was elected it has remained steady around 11.4% since 2008 roughly. They changed the way the number is calculated and by doing so by election time the unemployment rate will be at a all time low. Hit the link above for how they did it.

Scary shit that we are being duped on purpose.
Link Posted: 1/7/2012 11:56:02 AM EDT
Obama Re-Election Odds May Rise as Unemployment Falls


Unemployment did not fall. What you had was a bump of temporary hourly waged seasonal hires for Christmas.

Watch what happens next month when the rate goes back up and Decembers numbers are revised.

You won't hear the media talking too much about that.
Link Posted: 1/7/2012 12:20:14 PM EDT
It doesn't matter. Obama voters fall into several camps, few of which actually care about the realities of the job market.

Teachers of all sorts with tenure, union thugs, welfare rats, "champagne socialists" who are independently wealthy.... None of these voting blocs really care about what is happening in the private sector.

The issue will be how much free shit Obama can pump to his base, or promise to pump to his base, in order to get them out to put their mark on the ballot this time around.
Link Posted: 1/7/2012 12:22:35 PM EDT
Originally Posted By PeteCO:
Meh, Obama's re-election odds are rising with Romney's popularity anyway.


No. Not really.
Link Posted: 1/7/2012 12:23:47 PM EDT
Yea, the timing of stuff like this is always quite convenient



Link Posted: 1/7/2012 12:24:30 PM EDT
These job numbers were from the last quarter of last year...Christmas Jobs.

I suspect they will all go away quite soon.
Link Posted: 1/7/2012 12:24:58 PM EDT
Obama Re-Election Odds May Rise as Unemployment Falls


This was the topic of discussion on NPR this morning; they could barely conceal their giddiness over the prospect.




I like to know what the enemy is thinking/talking about, but damn they can be irritating.
Link Posted: 1/7/2012 12:27:30 PM EDT
America will fall for it again. And in 4 years enough anti-gun judges and cabinet members will be in office to restrict the shit out of guns
Link Posted: 1/7/2012 12:53:59 PM EDT
Originally Posted By h3smith:
http://www.businessweek.com/news/2012-01-07/obama-re-election-odds-may-rise-as-unemployment-falls.html

Jan. 7 (Bloomberg) –– President Barack Obama called yesterday’s jobs report a sign the U.S. economy is on the rebound. His prospects for re-election may depend on it.

The drop in the unemployment rate in December to 8.5 percent, a three-year low, showed the job market gaining momentum heading into a presidential election campaign that will be shaped by the state of the economy.

The Labor Department figures cap four months of declines in the unemployment rate and six consecutive months of jobs gains of 100,000 or more. Employers expanded payrolls by 200,000 in December, exceeding a median estimate of 155,000 in a Bloomberg News survey. For all of 2011, 1.64 million positions were created, the most since 2006, after a 940,000 increase in 2010.

“This can make a difference for Obama if it persists into the spring,” said Frank Newport, editor-in-chief of the Gallup Poll in Princeton, New Jersey. “It’s the sense of direction in the economy that matters more than the numbers.”

After the longest period of unemployment above 8 percent since the Great Depression, the economy is the focal point of the 2012 campaign, with voters consistently telling pollsters it is the top issue for them.


Ah, the disinformation campaign ramps up!


i'm sure this rise is primarily due to stores adding temp staff for the holiday season.
Link Posted: 1/7/2012 12:59:11 PM EDT
Originally Posted By rfm05:
Are people seriously dumb enough to not understand that Dec. employment numbers are inflated due to huge numbers of seasonal jobs that only last for a month?


Does the Pope shit in the woods?
Link Posted: 1/7/2012 3:16:43 PM EDT

Originally Posted By bruzz123:
Originally Posted By h3smith:
http://www.businessweek.com/news/2012-01-07/obama-re-election-odds-may-rise-as-unemployment-falls.html

Jan. 7 (Bloomberg) –– President Barack Obama called yesterday’s jobs report a sign the U.S. economy is on the rebound. His prospects for re-election may depend on it.

The drop in the unemployment rate in December to 8.5 percent, a three-year low, showed the job market gaining momentum heading into a presidential election campaign that will be shaped by the state of the economy.

The Labor Department figures cap four months of declines in the unemployment rate and six consecutive months of jobs gains of 100,000 or more. Employers expanded payrolls by 200,000 in December, exceeding a median estimate of 155,000 in a Bloomberg News survey. For all of 2011, 1.64 million positions were created, the most since 2006, after a 940,000 increase in 2010.

"This can make a difference for Obama if it persists into the spring,” said Frank Newport, editor-in-chief of the Gallup Poll in Princeton, New Jersey. "It’s the sense of direction in the economy that matters more than the numbers.”

After the longest period of unemployment above 8 percent since the Great Depression, the economy is the focal point of the 2012 campaign, with voters consistently telling pollsters it is the top issue for them.


Ah, the disinformation campaign ramps up!


i'm sure this rise is primarily due to stores adding temp staff for the holiday season.

And about 42K temp hires by UPS and Fedex for the Christmas season.
Link Posted: 1/7/2012 3:26:46 PM EDT
No doubt in my mind that Obama will win

RINO's have no chance
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