Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
December 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


Hidden Lies in the June Jobs report

View previous topic View next topic Go down

Hidden Lies in the June Jobs report

Post by Redpossum on Mon Jul 11, 2011 12:25 pm

So, you've seen the June jobs report by now. According to the Obama administration's official figures, only a net 18,000 jobs were added in June. In evaluating that, remember that we need to add 150,000 new jobs per month just to keep up with new workers entering the workforce, before we can even start making any headway on putting the unemployed back to work.

Well, that 18,000 is a lie. The truth is that the net number of jobs added was negative. The economy actually lost 157,000 jobs. Yes. The truth is not +18K but rather -157K...

Read more at -
http://possumhole.blogspot.com/2011/07/hidden-lies-in-june-jobs-report.html

The above, and the blog linked to above, are original material, written by me, based in part upon current news reports, which are duly linked and attributed.

Redpossum
Member

Posts : 119
Join date : 2011-03-15
Age : 57

http://possumhole.blogspot.com/

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by lendmeflight2 on Mon Jul 11, 2011 1:11 pm

I read your link to your own post on your blog and also the attached article. The NY Post reporter that you linked to offers no evidence at all that what he is saying is true. I actually don't think it makes much difference either way but stating something doesn't make it true.

lendmeflight2
Member

Posts : 1219
Join date : 2011-02-21

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by exhaustedandtired/1208 on Mon Jul 11, 2011 4:19 pm

what the hell is the difference in 18,000 or zero... 18,000 is like a zero!!!

exhaustedandtired/1208
Member

Posts : 863
Join date : 2011-02-17
Age : 69

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by lendmeflight2 on Mon Jul 11, 2011 4:33 pm

That was one of my points. That is why I said it didn't really matter, 18,000 is nothing.

lendmeflight2
Member

Posts : 1219
Join date : 2011-02-21

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by jchapman on Mon Jul 11, 2011 5:54 pm

18,000 amounts to 360 per state, assuming it's correct.

jchapman
Member

Posts : 70
Join date : 2011-02-18

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by TR11005 on Mon Jul 11, 2011 7:14 pm

The odds were 18,000/18,000,000 to round out the numbers.

That is 1/1,000 odds in finding a job. Since the other ones don't apply, because they partially worked the month.

If you got hired, 999 unemployed did not. Does not seam fair. There are always going to be new jobs. Since people quit, die and retire. These need to be constantly replaced. That is why more have to die or retire. No real job growth this month. It is a shame that in order to work someone must die. The retired person is very happy.

Perhaps that is why the Republicans want to eliminate all social programs.

TR11005
Member

Posts : 541
Join date : 2011-02-17

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by Redpossum on Mon Jul 11, 2011 8:27 pm

My friends, you're missing the point.

The actual number was not an 18,000 job gain. The actual number was a loss of 157,000 jobs.

It isn't just that we are failing to gain ground, we are actually slipping backwards at a frightening rate.

Redpossum
Member

Posts : 119
Join date : 2011-03-15
Age : 57

http://possumhole.blogspot.com/

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by lendmeflight2 on Mon Jul 11, 2011 8:55 pm

I think you are missing the point possum, it's not that I am saying it isn't true. I just have no reason, from your blog post, or from the article that it cited, to think that it IS true.

The bottom line is I am not sure it matters because 18,000 is so few jobs that it doesn't matter if there were zero. We have had a rough month, maybe next month will be better.

lendmeflight2
Member

Posts : 1219
Join date : 2011-02-21

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by jchapman on Mon Jul 11, 2011 9:17 pm

Now that this has been mentioned, usually the jobs report comes out at 8:30 Eastern on the 1st Friday in the month. June 1st was the Ist Friday in July, & was not any kind of a holiday. This report came out a week late, & had a revision for May down to 25.000 jobs. Doesn't that seem peculiar.

jchapman
Member

Posts : 70
Join date : 2011-02-18

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by Redpossum on Mon Jul 11, 2011 10:36 pm

jchapman wrote:Now that this has been mentioned, usually the jobs report comes out at 8:30 Eastern on the 1st Friday in the month. June 1st was the Ist Friday in July, & was not any kind of a holiday. This report came out a week late, & had a revision for May down to 25.000 jobs. Doesn't that seem peculiar.

If you read the linked blog entry above, they moved 44,000 jobs from May to June, in order to get the June number into positive territory. They revised May down by 44,000 jobs, and added those into June.

"Figures don't lie, but liars figure."

Redpossum
Member

Posts : 119
Join date : 2011-03-15
Age : 57

http://possumhole.blogspot.com/

Back to top Go down

Re: Hidden Lies in the June Jobs report

Post by Sponsored content Today at 2:52 pm


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum