Unemployment 8.6%

[Badger]

The issue is, and this comes right from my own company even..there is just a ton of uncertainty right now. In addition, it's an employer's market.  They have all the power and all the chips.  They dictate everything.  They expect one person now to do the jobs of two or three and work longer hours.  That's the new norm folks. 

I've even had top Managers tell me that there is no way they are hiring people domestically who they have to pay a decent salary, plus retirement, healthcare, etc when they can hire someone in India for $2/hr and work them 14 hours per day for often better quality service. 

This is what it is folks.  Read that.  Very scary.

Ah, the GOP dream.

And I'm sure long term economic economic growth will be just fine with the average wage dropping to $2/hr.

[Badger]

The first editions of the AP story pointed out that it ONLY dropped because 315,000 people stopped looking for work, so they are no longer counted toward unemployment figures.

The AP has now conveniently reworded that information after their overlords in the DNC demanded that they hide it.

Pure coincidence.

Isn't that what Reagan said too?

how would you know, you're 19 years old?!  And if someone has told you the Reagan recovery was fake, they you really are to be pittied.  The recovery during the Reagan and Clinton administrations was an absolute gold mine for anyone with markable skills.  Both were very real and broad based, though the IT bubble of 90's made follow through in the 00's tough.

Reagan actually had one of the worst rates of job growth of any post-war president. But he jmfsct's watching Fox have no clue of this...

[Badger]

The first editions of the AP story pointed out that it ONLY dropped because 315,000 people stopped looking for work, so they are no longer counted toward unemployment figures.

The AP has now conveniently reworded that information after their overlords in the DNC demanded that they hide it.

The fact you actually seem to believe this SO confirms your HP status.

[Badger]

Actually, I'd read somewhere that these numbers were NOT seasonally adjusted, and thus merely subject to the holiday hiring frenzy. That seems HIGHLY unusual though for BLS statistics, IIRC. Disappointing if true. Anyone have further insight/info on this?

[Badger]

So, again, seasonally adjiusted numbers or not?

Pretty crucial distinction, IMHO.....