U.S. recovery appears firmer as unemployment drops

This is a test from Reuters.com

I don’t trust that this Adminstration’s Labor Dept. will produce accurate numbers. We as a nation have been presented false information on “jobs saved data”; we observe a tremendous push to have “Cap and Trade” legislation passed, the need for which is based on inconclusive and/or manipulated data. So this report may or may not be true. It too, could have been manipulated, to make the Administration look competent.

Over the last 2 years we have been given ‘weekly initial State unmployment claims’ figures, then that data disappears, then things improve by 92%. I should be rejoycing in this improvement but my faith and trust has been jaded by the ’spin’.

Fuzzy math at best.

I would prefer to know the source of reports, trends, etc., and what type of statistics and a specific time line. As an example I don’t put any credibility in “seasonaly adjusted” figures only “actual” figures. I’ve noticed both governments in the USA and Canada are using “seasonaly adjusted” data more often now and many knowledgable people don’t buy into that scenario.

Who in their right mind thinks it’s good news when 11,000 more jobs were LOST in Nov? And how could a LOSS of 11,000 additional jobs equate to a decrease in unemployment? These people must have flunked simple elementary ‘rithmatic!

Historically, November heralds the holiday season, and with it, seasonal (read temporary) employment. Moreover, fewer companies shed jobs this time of year, if for nothing else, to avoid those lumps of coal Mr. Claus is inclined to give naughty Chief Financial Officers. January’s numbers should prove far more interesting. Ho, ho, ho!

This is the most ridiculous thing in the world. Just because there were less job cuts is in no way shape or form a sign of “recovery”. One: jobs were still lost! Two: there are NO NEW JOBS BEING CREATED! Yeah sure, less job cuts, but more added to the unemployment list. Lets be clear and realistic about this, the truth please. This is no recovery, no recovery in sight no time soon folks.

Traditionally, any job cuts are put off by employers from end of October to January due to the holiday season plus an uptick in temp/seasonal hiring is due to the same reason; hardly an indicator that employers are readying themselves to hire for permanent positions. Also, any “drop” in unemployment rates can be attributed to ending of unemployment insurance benefits which are never counted in the precious “statistics”. This recession is not over and it will be at least five years before any substantial recovery can be claimed as legitimate.

One commenter doesn’t like seasonally adjusted numbers and another complains because they are not seasonally adjusted. Another thinks that a slowing of job loss is not an indication that things are getting better. If manna started coming down from the heavens you would complain about the rain.

I see the republicans have flooded this board with naysayers. They want Obama to fail like Bush. They can forget about being able to regain control or either the house of senate in 2010 if that is their goal.

Ok, all you eternal skeptics. Go read the BLS web site, all your answers on methodology, seasonally adjusted vs. non-seasonally adjusted, and a host of other topics will be addressed. Your faith in your own ability to “conger” up in your own mind the “facts” of the complex economy that we live in is laughable. Get an education! Learn your macro economics. Most of you mis-quote Milton Friedman and have never read one whit written by him. I’m all for lower taxes, less government and stay the hell away from my personal life… but somethings are easy to understand and don’t deserve whining. By the way, the non-seasonal adjusted U-3 rate is 9.4%. The U-6 non-seasonal adjusted is 16.4%. Your idiotic theories of administration fudging or conspiracies do not hold water. Most of the people compiling the statistics today are the same people who did it for Bush. Sheeesh!

Although the economy only slashed 11,000 jobs and the unemployment rate reached 10.2%, questions still remain about how strong these numbers truly are. November is always a month in which employers add temporary and part-time jobs to their rolls. Additionally, many people may have given up searching and thus, are not tallied in the unemployment rate. This article was linked to my website at www.apexaminer.com

I wish the government would not spin the statistics. I went to the Department of Labor web page and looked at the statistics for myself. It was easy to see there are 26.9 million Americans out of a job or working part time and cannot get full time work. The labor department intentionally ignores 2.3 million people that have given up looking for work in the 10 percent unemployed not to mention the seasonal adjustment. This is pure spin to not count 2.3 million people because they ran out of benefits and gave up looking for work. The real unemployment number is closer to 17 percent, approaching the depression thresh hold. Why doesn’t the news media report on this instead of simply passing on the White House propaganda?

Why is it that there are so many of you looking for an end to this drop in unemployment to stop on a dime. I have been watching those around me for years try to live up to a two salary income that they expect to increase in the future for ever. Most never seem to look at what is happening around them and never seem to realize that life doesn’t always run smoothly there are always stumbling blocks along the road. I also have never understood how they can’t see that everytime they buy something on credit that they are paying 18% interest on it isn’t really a good deal. When all of these credit cards are paid off and the payments on property are caught up then you can look for an end to the loss of jobs until then we are spending our grandchilderns future on proping up today. Become dept free and look for the things you need made by your neighbors not always the cheapest in the short run but they sure are in the long run.

Good news. This will make the far right and their failed policies a bit uncomfortable. The country is being re-built after the 8 years of the “wrecking ball Bush-Cheney” administration. How do you turn a surplus into a 11.2 Trillion $ deficit? Elect a conservative! That is the best “fuzzy math” ever created. I think its a great idea to move the TARP funds to inject money into job creation and small business incentives. Why is ” Boenher” against using the funds passed by the TARP funds endorsed by the Republican Party to create jobs for ordinary americans? He was in favor of tax cuts for the rich and TARP funds for bailouts by the Bush administration. I am still looking for the republican party to come up with something that is credible on job creation. The last 8 years did not work. Padding the pockets of the rich accomplished nothing in terms of sustainable results in unemployment.

Getreal, you’re a moron. Yeah we lost 11,000 jobs, but more than 11,000 people were hired for jobs. Here’s the fuzzy math for you. 11,000 jobs lost < 11,000+ jobs gained. Therefore, unemployment rates shrinked. Get your negativity out of here.