Unemployment at 8.6%

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BoomerD

No Lifer
Feb 26, 2006
63,340
11,713
136
Damn...only 8.6%?

I wish...

http://www.calmis.ca.gov/file/lfmonth/mode$pds.pdf

The unemployment rate in the Stanislaus County was 15.2 percent in October 2011, up from a revised 15.0 percent in September 2011, and below the year-ago estimate of 16.1 percent. This compares with an unadjusted unemployment rate of 11.2 percent for California and 8.5 percent for the nation during the same period.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Unless a million ppl pulled a jim jones and killed themselves they are lying to ya! There are less people working than month before according to their own data.

http://market-ticker.org/akcs-www?post=198461

As always when these numbers come out - I'll believe em when employment rate increases and tax receipts increase. it's the only way to be sure before making decisions that involve real money.
 
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dmcowen674

No Lifer
Oct 13, 1999
54,894
47
91
www.alienbabeltech.com
Originally Posted by Hugo Drax
Big drop due to the massive amount of street sign holder positions that have opened up. (human directionals)

Considering that gas is 1.50ish in that photo, welcome to several, several, several years ago, lol!

Awesome catch sir.

Having a gas thread is good at catching the Republican liars.
 

RbSX

Diamond Member
Jan 18, 2002
8,351
1
76
The whole unemployment measurement is a fraud, sure, unemployment is going down, only because people that count as unemployed are going down too.

Civilian participation in the work force is heading lower and lower and lower.
 

cybrsage

Lifer
Nov 17, 2011
13,021
0
0
Originally Posted by Hugo Drax
Big drop due to the massive amount of street sign holder positions that have opened up. (human directionals)



Awesome catch sir.

Having a gas thread is good at catching the Republican liars.


Wait, you actually thought he was being serious! You actually thought there were millions of street sign holders hired in the last month!
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
The whole unemployment measurement is a fraud, sure, unemployment is going down, only because people that count as unemployed are going down too.

Civilian participation in the work force is heading lower and lower and lower.

Participation has leveled off at a lower level than in the past, particularly among the prime earning years-

http://krugman.blogs.nytimes.com/2011/12/02/meh-and-i-say-that-with-feeling/

Anybody who thinks that's voluntary is delusional.

Recovery? You silly boy- recovery is for the Rich. They're doing great, maybe better than ever. Give the Job Creators another tax cut for more of that supply side trickledown goodness we keep hearing so much about. We can grow the financial sector, GDP & create a third world distribution of income all at the same time.
 

cwjerome

Diamond Member
Sep 30, 2004
4,346
26
81
I wish people wouldn't pay so much attention to the unemployment rate exclusively. Mexico has a low unemployment rate and people are fleeing. We need decent jobs where people with humble educations and backgrounds can still earn a living and get health insurance. I'm not going to be excited by third world jobs.

I will be more excited if wages go up or there's other evidence that the American middle-class is on the rise again.

I tend to agree with this attitude, it's like people cheering over the rotting stump that somehow sprouted a leaf while the forest burns around them. There are very serious economic trends that harbor great distress but this one lone statistic gives the partisans on both sides something to rabble about, once again distracted by bickering in mindless circles while the ship continues to take on water.
 

cybrsage

Lifer
Nov 17, 2011
13,021
0
0
I suppose we should take the good news, even if it is not nearly as good as the administration wants us to believe it is.

Perception is reality, and if people think the economy is improving, then they will start spending more and more money, which means the economy will actually start improving.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
I suppose we should take the good news, even if it is not nearly as good as the administration wants us to believe it is.

Perception is reality, and if people think the economy is improving, then they will start spending more and more money, which means the economy will actually start improving.

Perception as reality is a useful propaganda tool, no doubt.

What's really happened, of course, has been masked by very well formulated propaganda. The perceptions of the Bush years, of the Ownership Society, of ever rising real estate valuations & borrowing against them to create the perception of prosperity have proven to be utterly false. The middle & working class have come out of that poorer than when they started, and the financial elite much richer.

It was the pinnacle of an economy driven not by wages, but by debt, and it fell down because that level of debt was insupportable. There will be no real recovery until that debt is diminished, one way or another, or until wages & employment rise to a level that will support more debt. Failure to recognize that is both wishful thinking & courting of disaster, of creating an even greater financial calamity.

Consumers may well be spending more, but it's only because they're willing to borrow more, believing that their livelihoods are relatively safe. That's not really true in the face of Repub demands to Cut, cut, cut! govt spending so as to maintain ultra low tax rates for the wealthy. Yeh, they think that laying off 10% of the federal workforce will increase employment, as will cutting off funding for various state administered programs, too. Forcing layoffs really will increase employment, and cutting back on food stamps, unemployment insurance, medicaid, SS benefits and the rest will have the same imaginary effect, obviously. That's because private industry will step in to create jobs to meet demand that isn't there. It's magic!
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,328
126
I don't think Americans are "above it". I think Americans generally think it's worth more than illegals are willing to accept. And I think farmers are willing to employee illegals because they work harder, having fewer options.

Farmers employ illegals because they DO work harder, they show up on time, they don't bitch about working conditions, they won't sue you if they step on a nail, don't demand benefits, don't demand breaks every 2 hours, won't unionize and the most important of all they do all of the above for much cheaper than Americans would especially when you consider most of it is under the table (this saves the employer a TON of money too).

Americans WOULD do the job just not for the pay and conditions that the illegals currently are. The rest of America would pay in greatly increased prices for whatever they are growing (assuming we could get rid of them at all/most farms otherwise farmer probably loses money).

Its almost the same in construction. Illegals do the work for cheaper but not that much cheaper. When you throw in all of the other stuff they become much more enticing though. I have seen crews of illegals (assuming they were illegal because they ran like hell when ICE showed up) work 16 hour days for 10 days straight to get a project back on schedule. They ALL brought their own lunch, ate in 10 minutes, and went back to work. One of my guys who speaks Spanish asked why they took such a short lunchbreak and the response was "we don't get paid when we are eating".
 

the DRIZZLE

Platinum Member
Sep 6, 2007
2,956
1
81
Farmers employ illegals because they DO work harder, they show up on time, they don't bitch about working conditions, they won't sue you if they step on a nail, don't demand benefits, don't demand breaks every 2 hours, won't unionize and the most important of all they do all of the above for much cheaper than Americans would especially when you consider most of it is under the table (this saves the employer a TON of money too).

Americans WOULD do the job just not for the pay and conditions that the illegals currently are. The rest of America would pay in greatly increased prices for whatever they are growing (assuming we could get rid of them at all/most farms otherwise farmer probably loses money).

Its almost the same in construction. Illegals do the work for cheaper but not that much cheaper. When you throw in all of the other stuff they become much more enticing though. I have seen crews of illegals (assuming they were illegal because they ran like hell when ICE showed up) work 16 hour days for 10 days straight to get a project back on schedule. They ALL brought their own lunch, ate in 10 minutes, and went back to work. One of my guys who speaks Spanish asked why they took such a short lunchbreak and the response was "we don't get paid when we are eating".

We pay anyway. We pay for healthcare and social services for all the illegals. We pay other social costs such as crime as a result of importing poverty from Mexico.

IMO illegal immigration is far worse than outsourcing because we end up subsidizing the illegals whereas Chinese labor is legitimacy cheaper.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
You pretend Clinton and Obama did not do the same thing.

Not at all. The Clinton years had lower debt accumulation rates than either the RR/GHWB years or the GWB years at the level of govt. and certainly lower than the GWB years in terms of the biggest middle class debt of all, mortgage debt. Middle class incomes rose significantly during the Clinton years, as well.

Immediately upon entering office the GWB team set about the creation of more debt at every level other than among the financial elite. Two wars supported only by debt. Tax rebates. tax cuts. EZ credit in a self regulated banking environment. They were aided & abetted by the Greenspan FRB in no small way, as well.

The real money accrued at the top, the Repub dream, and debt on down the foodchain rather than real shared prosperity at all.

No raise for you, but we will finance the house of your dreams on an interest only 3 year ARM, and do the same for lots of others, sell the resulting MBS back to your pension fund & the mutuals in your 401K as AAA investments... take our cut off the top as the money flows by. We've conveniently taken out insurance in the form of derivatives among each other & foreign banks, should our efforts to bury you alive actually succeed, and if all else fails, there's the Greenspan put, because we're TBTF. You? You're not TBTF, at all, but our Repub friends in Congress will wring their hands in mock horror as you're driven into the dirt, promise that if we just lay off govt workers & cut benefits that everything will turn out for the best... for us, silly, not for you. You're sooo screwed, particularly if you actually believe the bullshit our Repub friends are spewing.
 

umbrella39

Lifer
Jun 11, 2004
13,819
1,126
126
This could be a fun quote later on.

You could create a novel of all the I Hate America lines this asshole has posted the past few years. I would love to seem nothing more than him rot in Gitmo. He is a teahadist traitor who the Secret Service should already have an eye on.
 

Matt1970

Lifer
Mar 19, 2007
12,320
3
0
Immediately upon entering office the GWB team set about the creation of more debt at every level other than among the financial elite. Two wars supported only by debt. Tax rebates. tax cuts. EZ credit in a self regulated banking environment. They were aided & abetted by the Greenspan FRB in no small way, as well.

Not true and you know it. Tax revenue fell at the burst of the bubble in 2000 well before bush took office. They were tapping into the "surplus" to pay the bills well before even the first Bush spending plan was in effect. The tax rebates pulled us out of the recession. You are right about the wars though.
 

dmcowen674

No Lifer
Oct 13, 1999
54,894
47
91
www.alienbabeltech.com
Originally Posted by JSt0rm View Post
This could be a fun quote later on.

You could create a novel of all the I Hate America lines this asshole has posted the past few years. I would love to seem nothing more than him rot in Gitmo. He is a teahadist traitor who the Secret Service should already have an eye on.

He is not the only one. The island of Cuba is not big enough to hold all the Republican America haters from on here.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Not true and you know it. Tax revenue fell at the burst of the bubble in 2000 well before bush took office. They were tapping into the "surplus" to pay the bills well before even the first Bush spending plan was in effect. The tax rebates pulled us out of the recession. You are right about the wars though.

$300 per person tax prebates pulled us out of the 2000 recession? really?

Not much of a recession if that were more than wishful thinking & false attribution. It was a nice bookkeeping flimflam, too, spending 2002 revenues in 2001, creating the appearance that debt increased more in 2001 than it would have otherwise.

So, uhh, what sort of tax prebate would it take to put underwater homeowners, victims of the Ownership Society scam, back in the black? More than they'd pay over the next 10 years or so?

Probably more, if you think about it at all. We only wish this was the 2000 recession rather than the lesser Depression left behind by the Bush Admin & Repub Congress.

Ain't it great that lots of people just gave up looking for a job? Silly fools, trying so hard for so long- capitalism doesn't need them, at all, to make record profits. It makes the numbers look better, and perception is reality, after all. Just take your unemployment as long as it lasts, get your food stamps, healthcare through medicaid, downsize your life, get ready to go on welfare, if we decide to keep that, and STFU. We don't need you. Get used to it, tell your kids to get used to it, too. There's a world of opportunity swingin' in our trousers, so come and get it, chumps.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
Farmers employ illegals because they DO work harder, they show up on time, they don't bitch about working conditions, they won't sue you if they step on a nail, don't demand benefits, don't demand breaks every 2 hours, won't unionize and the most important of all they do all of the above for much cheaper than Americans would especially when you consider most of it is under the table (this saves the employer a TON of money too).

Americans WOULD do the job just not for the pay and conditions that the illegals currently are. The rest of America would pay in greatly increased prices for whatever they are growing (assuming we could get rid of them at all/most farms otherwise farmer probably loses money).

Its almost the same in construction. Illegals do the work for cheaper but not that much cheaper. When you throw in all of the other stuff they become much more enticing though. I have seen crews of illegals (assuming they were illegal because they ran like hell when ICE showed up) work 16 hour days for 10 days straight to get a project back on schedule. They ALL brought their own lunch, ate in 10 minutes, and went back to work. One of my guys who speaks Spanish asked why they took such a short lunchbreak and the response was "we don't get paid when we are eating".
This is all true; illegals DO work harder. Legal immigrants work harder than us native-borns too; it's the combination of higher expectations of work and greater opportunity. This represents the boost to the country from illegal immigration.

We pay anyway. We pay for healthcare and social services for all the illegals. We pay other social costs such as crime as a result of importing poverty from Mexico.

IMO illegal immigration is far worse than outsourcing because we end up subsidizing the illegals whereas Chinese labor is legitimacy cheaper.
And this represents the downside. While illegals provide greater productivity in many (though not all) jobs, that lowers wages in those sectors, puts downward pressure on all other wages, widens the wealth & income gaps between resource owners and employees, shifts the cost of social services for the illegals onto legal tax payers, and ships some of the money out of the country. As always there is no free lunch, and the extra productivity of the illegals comes with a plethora of negatives.
 

Marinski

Golden Member
Apr 5, 2006
1,051
0
0
classicboxingfights.blogspot.com
Problem with these stats are they dont tell you what kind of jobs, if theyre seasonal or temporary, and whos underemployed. Also, plenty of people have just given up looking for work and theyre not counted in those figures.

I dont think you guys give natives enough credit. I know alot that have crappy jobs and work just as hard as mexicans. Sure the mexicans can take less money, cause 10 of them live in a one bedroom apartment together, split the rent, save the money and bring it back to mexico. Maybe you need to get a crap job for yourself working along side natives and see for yourself.
 
Jan 25, 2011
16,633
8,778
146
Problem with these stats are they dont tell you what kind of jobs, if theyre seasonal or temporary, and whos underemployed. Also, plenty of people have just given up looking for work and theyre not counted in those figures.

I dont think you guys give natives enough credit. I know alot that have crappy jobs and work just as hard as mexicans. Sure the mexicans can take less money, cause 10 of them live in a one bedroom apartment together, split the rent, save the money and bring it back to mexico. Maybe you need to get a crap job for yourself working along side natives and see for yourself.

Unemployment numbers are always seasonally adjusted and there are breakdowns by sector available.



Establishment Survey Data

Total nonfarm payroll employment increased by 120,000 in November, in line with the
average gain for the prior 12 months (+131,000). The private sector added 140,000
jobs, as employment rose in a number of service-providing industries. Government
employment continued to trend down. (See table B-1.)

Employment in retail trade rose by 50,000 in November, with much of the increase
occurring in clothing and clothing accessories stores (+27,000) and in electronics
and appliance stores (+5,000). Since reaching an employment trough in December 2009,
retailers have added an average of 14,000 jobs per month.

Employment in leisure and hospitality continued to trend up in November (+22,000).
Within the industry, food services and drinking places added 33,000 jobs. This gain
more than offset a loss of 12,000 jobs in the accommodation industry. In the last
12 months, leisure and hospitality added 253,000 jobs, largely driven by employment
increases in food services and drinking places.

Employment in professional and business services continued to trend up in November
(+33,000). Modest job gains continued in temporary help services.

Health care employment continued to rise in November (+17,000). Within the industry,
hospitals added 9,000 jobs. Over the past 12 months, health care has added an average
of 27,000 jobs per month.



http://articles.businessinsider.com...-for-adult-men-percentage-point#ixzz1fWI8Xlgb
 
Last edited:
Dec 30, 2004
12,554
2
76
Problem with these stats are they dont tell you what kind of jobs, if theyre seasonal or temporary, and whos underemployed. Also, plenty of people have just given up looking for work and theyre not counted in those figures.

I dont think you guys give natives enough credit. I know alot that have crappy jobs and work just as hard as mexicans. Sure the mexicans can take less money, cause 10 of them live in a one bedroom apartment together, split the rent, save the money and bring it back to mexico. Maybe you need to get a crap job for yourself working along side natives and see for yourself.

+1 yeah I've definition seen them working extra hard.
 
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