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Peter Coy, economics editor for Bloomberg Businessweek, discusses this morning's jobs report from the Bureau of Labor Statistics.
President Obama said "Pass my jobs bill" last summer, but congres didn't. Yet unemployment is dropping.
Personally, I think the Republicans should get the credit for holding tough on government spending. Of course, I am a Republican, so I am biased.
The idea that Federal employement could be crowding out private sector unemployment may in fact be happening in the segment of people with bachelors degrees or higher, where the current unemployment rate is 4.5%, technically below "full" employement which is approximately 5%
The reason black unemployment went up a 1/2 a point is probably due to the entrace into the job market of blacks who had been sitting out due to lack of opportunity in the recent past
Election year money is rolling into the economy world wide.
What happens in 2013 and 2014?
If so many jobs are being created how come only 63.7% of labor force 16 years old & older are employed which is lowest percentage in three decades?
How is it a good thing when approx 200k + new unemployment claims are filed per week but we only add 230k new jobs for the month?
please ask why every month the previous month gets revised up a couple hundred thousand. when next month's numbers come out, i'm sure february will be revised up to 270,000.
and with labor participation growing, i thought that meant that the unemployment number should go up to 8.5%.
i know that Martin will never see a positive side to anything, but how long can people pretend that things are not improving when the numbers keep looking better and better?... slow and steady wins the race.
Now-a-days, you need to have a bachelors degree to be a manager at Target. If you don't even have a highschool diploma, I don't know how you would be able to find a job where you could make more than minimum wage, and I don't see how you would ever advance if you don't meet most company's education pre-requisites. I don't personally think that everyone should have to go to college but I do feel that is the direction our country is headed in.
All these numbers are bunk, they are "seasonally adjusted" which means manipulated statistics - nothing to see below the surface here. I am also get upset when people look the the unemployment numbers without looking at the labor participation rate to get a real number.
It's kind of like the inflation numbers we see out of the Fed, shrink the basic of goods you use to measure to suit the number your after, to hell with reality. The market doesnt care, they'll play along.
Please ask Peter Coy why the numbers released by the administration are consistently better than Gallup's Economic index tables. They both use the same raw data.How are they spinning them and what's their "explanation"?
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