US Hiring Slowed in September as Global Economy Weakened
Posted by richrobinson 9 years, 7 months ago to Economics
Seven years of high speed Obama Keynesian economics and this is where we are. Record numbers not in the work force. A global slow down. The potential for another '08 style collapse. I wonder what Socialist solution is in store for us next.
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In employment figures, they don't count those who gave up, and in inflation they don't count food. How are either of those things not part of the picture?
I always wondered about an economy that depended so heavily on one day of the year and not on the combined averages of 12 months and so heavily on retail sales versus the rest of the economic sectors.
Perhaps someone knowledgeable in that area might offer a comment
Given - There is always a bubble before Christmas which disappears after Christmas.
The formula used by the government is - this version since the mid nineties.
Announce the number of people in the work force.
Subtract 10%
The 90% left are magically renamed 100% of the work force.
Figure how much employment has gone up or down. Subtract that from the neo100% which is really 90%.
Let's assume 200 million in the work force. doesn't matter it's a sample....
the new 100 % employment is 180 million. the 20 million are disappeared. Plunk your magic twanger froggy!
Employment is listed as 100% Employment goes down five percent. The government claim will be 95% unemployment
It's really five percent of 180 million plus 20 million conveniently disappeared earlier. Five percent of 180 million is...nine million. 29 million are unemployed out of 200 million. 85.5%o employment.
But let's assume five million workers get jobs. we now have 105% employment? No. We find there has been a mistake or error in projections of the number of people in the work force. Froggy plunks his twanger again.
Changing the number in the work force is especially handy when there is a large unemployment figure. Wow you mean there wasn't 200 million but only 190 million? Let's see minus 19 million is 171 million employed
The figure used up to WWII's end was zero percent adjustment. After it was 5% until Clinton then it went to 10%
But all the BS and spin aside spin is still another word for deceit.
The government has one fatal flaw working against it. They aren't known for being truthful.
but get ready here comes the next big wave of unemployment when the military gets cut. Ha ha they get preferential treatment and for most their jobs back in the civilian sector. Those displaced? Why we just add them to the ten percent that don't count.
Whatever the real figures are apply the minus ten percent rule to the governments current projected work force population THEN factor in the unemployment numbers.
They are very transparent and arrogant in this. No attempt to cover it up as with the voters registration count.
Glib but not believable.
Reverse it five million are added to the roles.
How is this a problem? Was unemployment high to start with? Actually, it was at near historic lows.
If unmployement is at historic lows, business valuations are high, and the economy is still adding jobs, what do we have to work with to discredit politicians we don't like?
The true answer is that politicians did not create 142k jobs on top of already low unemployment. For those whose area of work is discrediting others the answer requires a huge mental stretch: People do work for willing customers and take what they earn and risk it on ideas to serve more customers.
That's what creates 142k jobs in a single month on top of an already-low unemplyment, in a world where people have all kinds of luxuries the previous generation couldn't have dreamt of.
The other soon after the six day war showed a group of Arab types marching across the sand hands up. All had the stereotypical semitic features. One turned to the other and said "That's funny he didn't look Jewish."
Sometimes a single picture is worth a thousand words and phone calls. they tend to stick in your mind forever.