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#1
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On Fri, 5 Aug 2011 09:41:45 -0400, "Eisboch" wrote:
I am not very good at math. Can someone explain that how adding 117,000 new jobs/mo (good news) when it takes 157,000 or more/mo to keep up with the population growth causes the unemployment rate to *drop*? Clearly. It's better than 18K jobs added or even a negative number. I guess you don't remember the US bleeding 700K jobs per month during the last part of the Bush admin/beginning of the Obama admin. |
#2
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#3
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posted to rec.boats
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On Fri, 05 Aug 2011 12:50:50 -0400, LilAbner wrote:
On 8/5/2011 12:44 PM, wrote: On Fri, 5 Aug 2011 09:41:45 -0400, wrote: I am not very good at math. Can someone explain that how adding 117,000 new jobs/mo (good news) when it takes 157,000 or more/mo to keep up with the population growth causes the unemployment rate to *drop*? Clearly. It's better than 18K jobs added or even a negative number. I guess you don't remember the US bleeding 700K jobs per month during the last part of the Bush admin/beginning of the Obama admin. Would you all polish up your insults a bit? No insult was intended. I pointed out that it's not an empirical math issue. |
#4
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posted to rec.boats
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![]() wrote in message ... On Fri, 5 Aug 2011 09:41:45 -0400, "Eisboch" wrote: I am not very good at math. Can someone explain that how adding 117,000 new jobs/mo (good news) when it takes 157,000 or more/mo to keep up with the population growth causes the unemployment rate to *drop*? Clearly. It's better than 18K jobs added or even a negative number. I guess you don't remember the US bleeding 700K jobs per month during the last part of the Bush admin/beginning of the Obama admin. I understand that. I didn't understand how 117K/mo of new jobs lowered the official unemployment rate if it takes at least 157K/mo of new jobs just to stay even. However, someone else gave a plausible explaination. The government only counts people who are actively looking for jobs. Those that aren't or gave up are not counted. In other words : Fuzzy math. |
#5
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On Fri, 5 Aug 2011 14:19:24 -0400, "Eisboch"
wrote: wrote in message .. . On Fri, 5 Aug 2011 09:41:45 -0400, "Eisboch" wrote: I am not very good at math. Can someone explain that how adding 117,000 new jobs/mo (good news) when it takes 157,000 or more/mo to keep up with the population growth causes the unemployment rate to *drop*? Clearly. It's better than 18K jobs added or even a negative number. I guess you don't remember the US bleeding 700K jobs per month during the last part of the Bush admin/beginning of the Obama admin. I understand that. I didn't understand how 117K/mo of new jobs lowered the official unemployment rate if it takes at least 157K/mo of new jobs just to stay even. Oh.. sorry.. I didn't address that. I think it's probably that people stopped being counted. Obviously, that's not good news. However, someone else gave a plausible explaination. The government only counts people who are actively looking for jobs. Those that aren't or gave up are not counted. In other words : Fuzzy math. Well, I guess it is, but it's not any more misleading that it always has been. So, I guess I'd say the new fuzzy math is the same as the old fuzzy math. (Seems like there's a rock tune along the same lines, but I can't recall which one.) |
#6
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posted to rec.boats
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![]() wrote in message .. . On Fri, 5 Aug 2011 09:41:45 -0400, "Eisboch" wrote: In other words : Fuzzy math. Well, I guess it is, but it's not any more misleading that it always has been. So, I guess I'd say the new fuzzy math is the same as the old fuzzy math. (Seems like there's a rock tune along the same lines, but I can't recall which one.) --------------------------------------------------- I'll see if I can get one of the Bob Dylan wannbies at my shop to write something. :-) BTW ... thanks for your reasoned and well presented rebuttals to my recent opinions posted here. Goes to prove that rec.boats participants can still carry on a civil discussion, even if they disagree. Eisboch |
#7
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posted to rec.boats
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On 8/5/2011 6:12 PM, Eisboch wrote:
wrote in message ... On Fri, 5 Aug 2011 09:41:45 -0400, "Eisboch" wrote: In other words : Fuzzy math. Well, I guess it is, but it's not any more misleading that it always has been. So, I guess I'd say the new fuzzy math is the same as the old fuzzy math. (Seems like there's a rock tune along the same lines, but I can't recall which one.) --------------------------------------------------- I'll see if I can get one of the Bob Dylan wannbies at my shop to write something. :-) BTW ... thanks for your reasoned and well presented rebuttals to my recent opinions posted here. Goes to prove that rec.boats participants can still carry on a civil discussion, even if they disagree. Eisboch Me thinks you spoke too soon. |
#8
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On Fri, 5 Aug 2011 18:12:00 -0400, "Eisboch" wrote:
wrote in message . .. On Fri, 5 Aug 2011 09:41:45 -0400, "Eisboch" wrote: In other words : Fuzzy math. Well, I guess it is, but it's not any more misleading that it always has been. So, I guess I'd say the new fuzzy math is the same as the old fuzzy math. (Seems like there's a rock tune along the same lines, but I can't recall which one.) --------------------------------------------------- I'll see if I can get one of the Bob Dylan wannbies at my shop to write something. :-) BTW ... thanks for your reasoned and well presented rebuttals to my recent opinions posted here. Goes to prove that rec.boats participants can still carry on a civil discussion, even if they disagree. Eisboch Darn it, I forgot to call you a moron. Oh well! Actually, I hunted around it was The Who... ![]() |
#9
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