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If this keeps up...
....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. |
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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 |
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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. |
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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. |
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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 |
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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 |
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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. |
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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. |
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"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. |
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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? |
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On Sat, 8 Aug 2009 13:46:25 -0700, "Calif Bill"
wrote: 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? One of Warren Buffet's favorite sayings is don't invest in companies that you can't easily understand. I think it's good advice. If you can't figure out where the money is coming from, that's not a good business model. Let somebody else understand it, or not. |
If this keeps up...
"H the K" wrote in message m... "The worst may be behind us," President Barack Obama declared. "Today, we're pointed in the right direction." Obama can talk all he wants, it isn't going to change a thing. But he is a good bull****er, but even lib-dims are getting tired of talk a lot and excuses. This time of year is supposed to be peek employment. And it remains that income levels are dropping. Loose 1/2M jobs, replaced with 1/4M lower wage jobs for a net loss of 1/4M. Sort of like saying I lost 3 pints of blood and the bleading is slowing down. Obama sure isn't a realist. Then there are people no longer counted, the real number is 20%, which removes government adjustment crap. As for recent market increases, it has more to do with anticipated inflation. I can just hear Obama touting GDP grew by 1% in a 10% inflation environment so the recession, which is really a depression is over. Trouble is, real growth is GDP growth has to be more than inflation or in fact, you still are in a recession. Government is going to try to BS out of this, but it isn't going to work. People are going to be angry when they realize they are being duped by an no results talk a lot type. |
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Canuck57 wrote:
"H the K" wrote in message m... "The worst may be behind us," President Barack Obama declared. "Today, we're pointed in the right direction." Obama can talk all he wants, it isn't going to change a thing. But he is a good bull****er, but even lib-dims are getting tired of talk a lot and excuses. This time of year is supposed to be peek employment. And it remains that income levels are dropping. Loose 1/2M jobs, replaced with 1/4M lower wage jobs for a net loss of 1/4M. Sort of like saying I lost 3 pints of blood and the bleading is slowing down. Obama sure isn't a realist. Then there are people no longer counted, the real number is 20%, which removes government adjustment crap. As for recent market increases, it has more to do with anticipated inflation. I can just hear Obama touting GDP grew by 1% in a 10% inflation environment so the recession, which is really a depression is over. Trouble is, real growth is GDP growth has to be more than inflation or in fact, you still are in a recession. Government is going to try to BS out of this, but it isn't going to work. People are going to be angry when they realize they are being duped by an no results talk a lot type. A lot of analysts are saying we're over the hump, also. |
If this keeps up...
"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. Replaced with service jobs in a hight tourista month of July... In blood terms, this is like saying the lost of 3 pints and lower blood pressure, you are bleading at a slower rate. Not very comforting and a tad bit too optimistic. Realism will come in the end. |
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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. My guess, and only a guess but as good as any is that we will see a mini recovery, but are at least 10 years out for a full sustained recovery. Much like 1982, whole parts of the economy took 6 or more years to reach former levels. Government fiscal policy right now is inflationary, even a mild recovery will trigger inflation. Say it hits 10% per year. But GDP grows by 1%. Government will falsely say the recession is over, but the 9% slip is still technically recessionary in value and to jobs. It will severly temper any recovery. Middle class cutbacks will occur for years as will the governments loss on revenue. This is the real reason behind the health care push, an excuse to open up on higher levels of taxation the government wants. Raise taxes 10%, sending 8% to pork and current government excesses, and 2% to health care. Government wants more taxes out of the people as even they know they can't create money forever. Spells for a 10 year recovery, and could be turbulant. But the markets will bounce for a mini recovery, than bounce down again. A few of these will occur. Some growth in number values will occur because of inflation, but not in hard wealth value. The wild card is that this recession is much worse than 1982, and the governments are racking up debt at an unparalleled rate ever seen before. I suspect the 70's inflation will be surpassed as a result of liberal congress money management. Short of it, a false recovery and this will last a decade or more. |
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"NotNow" wrote in message ... Canuck57 wrote: "H the K" wrote in message m... "The worst may be behind us," President Barack Obama declared. "Today, we're pointed in the right direction." Obama can talk all he wants, it isn't going to change a thing. But he is a good bull****er, but even lib-dims are getting tired of talk a lot and excuses. This time of year is supposed to be peek employment. And it remains that income levels are dropping. Loose 1/2M jobs, replaced with 1/4M lower wage jobs for a net loss of 1/4M. Sort of like saying I lost 3 pints of blood and the bleading is slowing down. Obama sure isn't a realist. Then there are people no longer counted, the real number is 20%, which removes government adjustment crap. As for recent market increases, it has more to do with anticipated inflation. I can just hear Obama touting GDP grew by 1% in a 10% inflation environment so the recession, which is really a depression is over. Trouble is, real growth is GDP growth has to be more than inflation or in fact, you still are in a recession. Government is going to try to BS out of this, but it isn't going to work. People are going to be angry when they realize they are being duped by an no results talk a lot type. A lot of analysts are saying we're over the hump, also. The same analysts that said to buy dot.com IPOs? The same ones that said buy 10 houses and flip them? The same analysts that are making $700k a year pimping bad investments? |
If this keeps up...
"Calif Bill" wrote in message m... 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? Agreed. Funny accounting principles at work. The bad loans were shifted out to the government banks. Much like GM, sell off the good (and some bad) parts, package it for the taxpayer and dump it in their lap. Dirty corruption of a huge kind. In essense, the very currency is now in question. Is the USD going to hold it's value or sink? |
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