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Author: TheDope1 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1961748  
Subject: Re: Unemployment Hits 44 Month Low Date: 10/5/2012 12:29 PM
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Like pretty much everything else this will be unknown to you, but the BLS is staffed by career people who work for administrations of both parties.

Which means next to nothing in an argumentative sense, unless you can produce the employment records of everyone who works there. We both know you can't, so why don't you try again?

Anyways. Digging into the numbers BLS is piling in people who have found part time jobs. That's why analysts aren't saying much other than 'meh' this time:

http://www.aei-ideas.org/2012/10/the-sickly-stagnant-septemb...

6. The 114,000 jobs created would have been a good number … but for 1962, not 2012. The U.S. economy needs 2-3 times that number every month to close the jobs gap (which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while also absorbing the people who enter the labor force each month.) At 114,000 jobs a month, the jobs gap would not close until after 2025, according to the Hamilton Project.

7. We are still on pace to create fewer jobs this year than last year. In 2012, employment growth has averaged 146,000 per month, compared with an average monthly gain of 153,000 in 2011.

8. White House economist Alan Krueger says the jobs numbers are ”further evidence” the economy is healing. But he’s wrong.

The employment-population ratio, which merely shows how many folks have jobs as a share of the civilian population, was 58.7%. Now that’s up from last month. But it is still far below where it was in June 2009, 59.4%,when the recession officially ended. And it’s even further below the 63% level before the downturn.


Reality. It always sucks to be you.
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