Unemployment drops to 7.8%, labor force up. (user search)
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  Unemployment drops to 7.8%, labor force up. (search mode)
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Author Topic: Unemployment drops to 7.8%, labor force up.  (Read 4553 times)
Starbucks Union Thug HokeyPuck
HockeyDude
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« on: October 05, 2012, 07:46:10 AM »
« edited: October 05, 2012, 07:48:50 AM by AWallTEP81 »

Can our resident GOP hacks please spin this as a disaster?

This is a good jobs report, considering the revisions, the slight upticks to wages and workweek, and labor force participation.

This is going to result in a couple very nice talking points politically. (considering this is the 2012 Election Board)

Let's take this to the economics board.
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Starbucks Union Thug HokeyPuck
HockeyDude
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Posts: 11,376
United States


« Reply #1 on: October 05, 2012, 02:01:07 PM »

These Republicans who are flooding the airwaves and 'net with accusations that the numbers are fabricated, and even that they are being fabricated by OBAMA... you are not doing Mitt Romney any favors. 

I was convinced that the debate Wednesday was a major turning point... I'm also convinced that this is another major turning point, and that in a couple weeks we will be back to where we were before the debate. 

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Starbucks Union Thug HokeyPuck
HockeyDude
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Posts: 11,376
United States


« Reply #2 on: October 05, 2012, 02:17:24 PM »

Um no.  These numbers were clearly jimmied.  The unemployment rate does NOT fall by .3% when the economy adds only 114,000 jobs.  It rarely even happens when it adds 300,000+ jobs.  Something smells here.

There were revisions to the past 2 months....hence the drop.

If you want to argue with these people you are going to have to stop bringing up numbers and math and exit reality to boot. 

Jobs were a plus
Unemployment went down
Labor force participation went up
Revisions brought numbers up from the last few months

...their talking point is the recovery isn't good enough and guess what, it's not going to change.  Mark Twain once said "Never argue with stupid people, they will bring you down to their level and win with experience"

I would suggest you discuss this with people who have a clue.
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