....the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) – 32 minutes ago

WASHINGTON — It's the clearest sign yet the recession is finally ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

"The worst may be behind us," President Barack Obama declared. "Today,
we're pointed in the right direction."

Still, the job market remains shaky. A quarter-million lost jobs are a
far cry from the employment growth needed to put the national economy on
solid footing.

When the economy is healthy, employers need to add a net total of around
125,000 jobs a month just to keep the unemployment rate stable. And to
push the jobless rate down to a more normal 5 percent range, it would
take much stronger growth — at least 200,000 new jobs a month.
Economists say it might take until 2013 to drive down the unemployment
rate to 5 percent.

Yet the improvements in July could give some businesses the confidence
to hire again — or at least not to lay off more workers. And consumers,
less anxious about losing jobs, could respond by spending more freely.

"If people and companies think the worst is behind them — and it
probably is — their confidence will be restored," said Richard Yamarone,
economist at Argus Research. "That confidence can feed on itself."

On Wall Street, the report propelled stocks higher. The Dow Jones
industrial average jumped 114 points, and other stock averages also gained.

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) – 32 minutes ago

WASHINGTON — It's the clearest sign yet the recession is finally ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.
Look at this.
http://www.foxnews.com/opinion/2009/...-unemployment/

I won't vouch for the numbers - not interested enough to dig deeper.
But they seem closer to reality then the rah rah Wall Street numbers.
Keep in mind pimping for Wall Street is the national past time for
both Dems and Reps.
But Fox hates Obama even more than it loves Wall Street, so I look at
these numbers as a dose of reality.
See that in December 1.5 million unemployed exhaust their unemployment
benefits?
Merry Christmas.

--Vic

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

You know - it's amazing how you manage to make yourself look like a
fool every single time you post these cut and pastes.

The Bureau of Labor Statistics says the civilian labor force was
154,926,000 people.

In July, 796,000 of those were taken out of their definition of the
workforce, and thus their unemployment calculations for this month,
because they have stopped looking for work. Ten percent of the June
workforce would be 15.4 million, 1 percent would be 1.5 million, and
so 796,000 is roughly one half of one percent.

In other words, BLS took .5 percent of the unemployed and took them
out of their total. And with that, unemployment went down one tenth of
one percent.

I know - I know - math is hard.

Apparently, so is economics.

Yogi of Woodstock wrote:
On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

You know - it's amazing how you manage to make yourself look like a
fool every single time you post these cut and pastes.

The Bureau of Labor Statistics says the civilian labor force was
154,926,000 people.

In July, 796,000 of those were taken out of their definition of the
workforce, and thus their unemployment calculations for this month,
because they have stopped looking for work. Ten percent of the June
workforce would be 15.4 million, 1 percent would be 1.5 million, and
so 796,000 is roughly one half of one percent.

In other words, BLS took .5 percent of the unemployed and took them
out of their total. And with that, unemployment went down one tenth of
one percent.

I know - I know - math is hard.

Apparently, so is economics.


You just don't get it, Tom, and you never ever will. Basically, your
party is --- toast.

You just don't get it, Tom, and you never ever will. Basically,
your
party is --- toast.

Well Howdy, Krausie. How in the world are you, Old Timer?

How are things at home? I remember that you had been "cut off" in the
bedroom department. I was jus' wondering if things had improved for
you? I know even old coots want to get a little bit occasionally.

Yours always,
G C Boater

wrote in message
...
On Fri, 07 Aug 2009 21:03:41 -0400, Yogi of Woodstock
wrote:

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

You know - it's amazing how you manage to make yourself look like a
fool every single time you post these cut and pastes.

The Bureau of Labor Statistics says the civilian labor force was
154,926,000 people.

In July, 796,000 of those were taken out of their definition of the
workforce, and thus their unemployment calculations for this month,
because they have stopped looking for work. Ten percent of the June
workforce would be 15.4 million, 1 percent would be 1.5 million, and
so 796,000 is roughly one half of one percent.

In other words, BLS took .5 percent of the unemployed and took them
out of their total. And with that, unemployment went down one tenth of
one percent.

I know - I know - math is hard.

Apparently, so is economics.

There is also the problem of "underemployment". We have a lot of
former mid-level management types who are asking you if you want fries
with that and construction people who used to have more work than they
could handle, that are mowing lawns and doing odd jobs to keep food on
the table. They are "employed" but not at the level they should be.
This is actually a flaw in "unemployment" numbers that has always gone
on in these things.
I suppose the flip side of that is there are people collecting
unemployment and working somewhere under the table.
Lee County is still saying we are cruising in the mid 12% unemployed.

Seems like one can find statistics to support any conclusion. Hey, look.
The government reported that the job loss this month was .2% less than last
month. I don't know about you, but I felt better immediately.

Steve

H the K wrote:
Yogi of Woodstock wrote:
On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

A net total of 247,000 jobs were lost last month, the fewest in a
year and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment
rate dropped a notch to 9.4 percent in July, from 9.5 percent the
previous month. Together with slight increases in the average
workweek and wages, the new figures suggested the economy is in a
transition from recession to recovery.

You know - it's amazing how you manage to make yourself look like a
fool every single time you post these cut and pastes.

The Bureau of Labor Statistics says the civilian labor force was
154,926,000 people.

In July, 796,000 of those were taken out of their definition of the
workforce, and thus their unemployment calculations for this month,
because they have stopped looking for work. Ten percent of the June
workforce would be 15.4 million, 1 percent would be 1.5 million, and
so 796,000 is roughly one half of one percent.

In other words, BLS took .5 percent of the unemployed and took them
out of their total. And with that, unemployment went down one tenth of
one percent.

I know - I know - math is hard.

Apparently, so is economics.


You just don't get it, Tom, and you never ever will. Basically, your
party is --- toast.

11/10 is approaching and your party is doing its best to see that
history repeats itself.

On Fri, 07 Aug 2009 19:45:56 -0500, Vic Smith
wrote:

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) – 32 minutes ago

WASHINGTON — It's the clearest sign yet the recession is finally ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.

There were also fewer jobs lost in July than in previous months.

"jps" wrote in message
...
On Fri, 07 Aug 2009 19:45:56 -0500, Vic Smith
wrote:

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) - 32 minutes ago

WASHINGTON - It's the clearest sign yet the recession is finally ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.

There were also fewer jobs lost in July than in previous months.
Lot less jobs to lose.

wrote in message
...
On Sat, 8 Aug 2009 11:46:15 -0700, "Calif Bill"
wrote:


"jps" wrote in message
. ..
On Fri, 07 Aug 2009 19:45:56 -0500, Vic Smith
wrote:

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) - 32 minutes ago

WASHINGTON - It's the clearest sign yet the recession is finally
ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged
upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and
wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.

There were also fewer jobs lost in July than in previous months.
Lot less jobs to lose.


I believe that is true. The companies that were going under, pretty
much have by now.

The real question everyone is asking is when do we hit bottom and
start the real recovery.
Wall Street seems to think we already have. I am very happy with my
little bag of stocks. Those people who doubled down on their 401k when
everyone else was running like scalded dogs are doing OK. My wife
argued with me about it at the time but she is smiling now.

I have done well in the investments also. But a lot of the growth is vapor.
The government, and Wall Street pumping up dogs. How can AIG be profitable
now? All the sudden banks with billions of bad loans are showing big
profits. Mark to Market shenanigans?