1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Another terrible jobs number

Discussion in 'BBS Hangout: Debate & Discussion' started by bigtexxx, Sep 7, 2012.

Tags:
  1. thumbs

    thumbs Member

    Joined:
    Apr 11, 2002
    Messages:
    10,225
    Likes Received:
    237
    You don't have to coerce any civil servants. You just have to change the parameters, i.e. directing them to count part-time jobs. How else do you, a purported numbers guy, explain how 114,000 jobs can move the national jobless rate from 8.3 to 7.8?
     
  2. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    51,782
    Likes Received:
    20,441
    The parameters weren't changed though
     
  3. H-TownBBall

    H-TownBBall Member

    Joined:
    May 24, 2006
    Messages:
    718
    Likes Received:
    27
    Gotcha. So it seems that the only talking point is that the job gains are concentrated in part-time and lower paying jobs. Don't think that is attention grabbing enough to the average person.
     
  4. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,681
    Likes Received:
    16,205
    Yes, and all it takes it one person to come out and say "hey, we changed how we count numbers!" to bring the whole thing down.

    I told you, Google it. Or if that's too hard, I just posted the article with the explanation a few posts ago. SPEND 5 MINUTES AND READ THE DAMN THING. IT'S NOT COMPLICATED.

    Education is a good thing. If you voluntarily want to be stupid, that's your choice. But then don't be surprised when people call you an idiot.
     
  5. vlaurelio

    vlaurelio Member

    Joined:
    Jan 26, 2005
    Messages:
    21,310
    Likes Received:
    11,755
    simple: the denominator decreased
     
  6. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,681
    Likes Received:
    16,205
    Or, if you read the last page of this thread, you will find this GOP talking point to be inaccurate.
     
  7. Air Langhi

    Air Langhi Contributing Member

    Joined:
    Aug 26, 2000
    Messages:
    21,936
    Likes Received:
    6,686
    The BLS has all the data on their site. They actually have rules for what is part time and full time jobs.

    http://www.bls.gov/news.release/empsit.t15.htm

    Look at the the U-6 value. It seems people who were on part time are getting full time jobs now.
     
  8. SamFisher

    SamFisher Member

    Joined:
    Apr 14, 2003
    Messages:
    61,749
    Likes Received:
    41,192
    Education is also a good thing when it comes to realizing that certain people do voluntarily want to espouse obviously stupid beliefs, in order for you to get angry and call them an idiot, which, for whatever reason, gives them great pleasure.

    You may, in fact, be involved in this scenario right now.
     
  9. thumbs

    thumbs Member

    Joined:
    Apr 11, 2002
    Messages:
    10,225
    Likes Received:
    237
    The Wall Street Journal report you cited actually supports my contention. For example:

    "In September, the number of part-time workers who would like full-time jobs surged by 582,000. That represents about two-thirds of the increase in employment last month and is larger than the drop in the number of unemployed."
     
  10. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,681
    Likes Received:
    16,205
    I really enjoy calling out stupid people on their stupidity, so I think thumbs and I may have a symbiotic relationship in that case.
     
  11. vlaurelio

    vlaurelio Member

    Joined:
    Jan 26, 2005
    Messages:
    21,310
    Likes Received:
    11,755
    I'm saying it's very possible the number of people eligible may have decreased a lot.
     
  12. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    51,782
    Likes Received:
    20,441
    So you are the one suggesting they change parameters?

    That makes no sense then that you would complain about changing parameters.
     
  13. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,681
    Likes Received:
    16,205
    No - your contention is that they changed how they count employment. The WSJ article suggests no such thing. They are counting full and part time jobs the same way they always have.

    I guess reading it wasn't good enough. Now you need to work on reading comprehension.
     
  14. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    51,782
    Likes Received:
    20,441
    That's not a new factor though. It's been that way.
     
  15. basso

    basso Member
    Supporting Member

    Joined:
    May 20, 2002
    Messages:
    33,267
    Likes Received:
    9,236
    just bought some Romney shares on intrade.
     
  16. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,681
    Likes Received:
    16,205
    Except they didn't. The labor force increased this month.
     
  17. TheRealist137

    TheRealist137 Member

    Joined:
    Jan 27, 2009
    Messages:
    35,424
    Likes Received:
    22,560
    Repubs are scared sh**less of this right now. On the complete defensive, rofl
     
  18. vlaurelio

    vlaurelio Member

    Joined:
    Jan 26, 2005
    Messages:
    21,310
    Likes Received:
    11,755
    1/2 = 50%
    1.1/1.5 = 75%
     
  19. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,681
    Likes Received:
    16,205
    Yes, that's fascinating and all. But we know the denominator (the size of the labor force) didn't decrease. In fact, it increased.
     
  20. thumbs

    thumbs Member

    Joined:
    Apr 11, 2002
    Messages:
    10,225
    Likes Received:
    237
    Funny, I was about to suggest that very same thought to you.
     

Share This Page