T Nation

5 Year Low for Unemployment

Good news. Let’s hope it continues!

http://money.cnn.com/2006/11/03/news/economy/jobs_october/index.htm?postversion=2006110308

4.4% is awesome!!

Germany finally got below 10%.

"German jobless ratefalls below 10%
By Bertrand Benoit in Berlin

Published: November 2 2006 21:34 | Last updated: November 2 2006 21:34

A steep drop in unemployment last month brought Germany?s jobless rate below the psychologically significant 10 per cent mark for the first time in four years, drawing triumphant reactions from the otherwise conflict-ridden government of Angela Merkel, chancellor.

The surprisingly good figures released on Thursday by the Federal Labour Agency came as Ms Merkel was preparing to host a ?public-finance summit? on Friday with leaders of her grand coalition to discuss how to allocate the tax windfall generated by the robust economic rebound.

The number of jobseekers stood at 4.09m last month, or 9.8 per cent, the lowest rate since November 2002, put-ting the monthly fall at a hefty 67,000 ? three times higher than economists expected. ?Not even chronic nitpickers and killjoys can ignore the facts now: the breakthrough on the job market is here. Let us rejoice,? said Franz M?ntefering, labour minister."

[quote]Headhunter wrote:
Good news. Let’s hope it continues!

http://money.cnn.com/2006/11/03/news/economy/jobs_october/index.htm?postversion=2006110308

4.4% is awesome!![/quote]

HAH! This is just another October surprise engineered by Karl Rove in order to keep the Bushilter machine rolling. They think this will tilt this mid-term in their favor. It’s a LIE! People are starving. Dying of starvation, in fact. Ask John Kerry: “You can either stay home, cook hard and whip up a nice salad…or you can go out…and get stuck at White Castles.”

Of course the economy is good. Of course Bush’s economic policies have succeeded despite myriad challenges. But you won’t hear about it in the (non-biased) New York Times and you won’t see it on the (Right Down the Middle!) CBS Evening news.

I asked this liberal idiot cunt at work if she was ready for this mid-term. She said she was voting a straight democrat ticket because the ‘food lines are longer than I can ever remember’. I just walked away, of course. But then I thought FOOD LINES? FOOD LINES?!?! What the fuck is that? Mcdonalds? Taco Bell? THOSE food lines? You can’t have people starving when you have a nation of fatties! But liberals will have you believe that half the nation goes to bed hungry while we see study after study that says 80% of Americans are fat.

Liberal idiots.

[quote]Headhunter wrote:
Germany finally got below 10%.

"German jobless ratefalls below 10%
By Bertrand Benoit in Berlin

Published: November 2 2006 21:34 | Last updated: November 2 2006 21:34

A steep drop in unemployment last month brought Germany?s jobless rate below the psychologically significant 10 per cent mark for the first time in four years, drawing triumphant reactions from the otherwise conflict-ridden government of Angela Merkel, chancellor.

The surprisingly good figures released on Thursday by the Federal Labour Agency came as Ms Merkel was preparing to host a ?public-finance summit? on Friday with leaders of her grand coalition to discuss how to allocate the tax windfall generated by the robust economic rebound.

The number of jobseekers stood at 4.09m last month, or 9.8 per cent, the lowest rate since November 2002, put-ting the monthly fall at a hefty 67,000 ? three times higher than economists expected. ?Not even chronic nitpickers and killjoys can ignore the facts now: the breakthrough on the job market is here. Let us rejoice,? said Franz M?ntefering, labour minister."

[/quote]

Those enlightened Eurpopeans sure have it all over us knuckle-dragging Americans. 10% Unemployment. Neo-Nazis running amok. Good times.

Sure is shitty here in America.

[quote]Hack Wilson wrote:
Of course the economy is good. Of course Bush’s economic policies have succeeded despite myriad challenges. But you won’t hear about it in the (non-biased) New York Times and you won’t see it on the (Right Down the Middle!) CBS Evening news.
[/quote]
um, what?
http://www.nytimes.com/reuters/news/news-economy-jobs.html?_r=1&oref=slogin

[quote]
I asked this liberal idiot cunt at work if she was ready for this mid-term. She said she was voting a straight democrat ticket because the ‘food lines are longer than I can ever remember’. I just walked away, of course. But then I thought FOOD LINES? FOOD LINES?!?! What the fuck is that? Mcdonalds? Taco Bell? THOSE food lines? You can’t have people starving when you have a nation of fatties! But liberals will have you believe that half the nation goes to bed hungry while we see study after study that says 80% of Americans are fat.

Liberal idiots.[/quote]

Ok, normally I find your posts offensive and sophomoric, but that was fucking funny. Where can I find a food line, I want food from the government! Please though, understand that while many liberals are in fact mildly retarded, some of us just have liberal tendencies and are actually reasonably intelligent people who vote on the issues not party line for the sake of following the herd.

[quote]m0dd3r wrote:
Please though, understand that while many liberals are in fact mildly retarded, some of us just have liberal tendencies and are actually reasonably intelligent people who vote on the issues not party line for the sake of following the herd.
[/quote]

I know that. But how much fun would it be, though, to rail against people with perspective, common-sense, and a sense of humor (i.e. you and people like you)? Not much!

[quote]m0dd3r wrote:

um, what?
http://www.nytimes.com/reuters/news/news-economy-jobs.html?_r=1&oref=slogin

[/quote]

Thanks. But I would wonder where this was placed in the paper itself and I’ll be interested to see if it MAKES the News on CBS.

You seem a reasonable guy. Do you, in fact, believe that the NYT is not liberally biased?

The unemployed drop off the survey once their unemployment checks run out.

The unemployment rate reflects the number of Americans still able to collect unemployment.

The unemployment survey is not an accurate indicator of the number of Americans looking for work.

Only 92,000 jobs were added last month.

We need to add at least 120,000+ jobs a month just to keep up with new workers added to the work force such as high school and college graduates.

The 92,000 jobs added last month are way below the number economists predicted.

This is nothing to cheer about.

August and September were good but October was lousy.

[quote]Marmadogg wrote:
The unemployment rate reflects the number of Americans still able to collect unemployment.

The unemployment survey is not an accurate indicator of the number of Americans looking for work.

[/quote]

What? I’ve never heard that before.
According to the BLS:

Unemployed:
Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.

Employed:
Persons 16 years and over in the civilian noninstitutional population who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees; worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family; and (b) all those who were not working but who had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job. Excluded are persons whose only activity consisted of work around their own house (painting, repairing, or own home housework) or volunteer work for religious, charitable, and other organizations.

Those who are outside the labor force (full time students, retirees, etc.), aren’t counted as either.

[quote]Hack Wilson wrote:
m0dd3r wrote:

um, what?
http://www.nytimes.com/reuters/news/news-economy-jobs.html?_r=1&oref=slogin

Thanks. But I would wonder where this was placed in the paper itself and I’ll be interested to see if it MAKES the News on CBS.

You seem a reasonable guy. Do you, in fact, believe that the NYT is not liberally biased? [/quote]

Actually, I was surprised to find it right on the front page of the cbs news website. When I went to NYT.com I just searched on unemployment and it was the second or third result after the german story, but that’s only because the search results are chronological and it was posted at like 12:15am. I actually just went back to check and there’s now another story talking about unemployment figures in relation to the campaigns and it’s right on the front page.

And no, I don’t believe the NYT is not liberally biased, although I don’t think they’re as bad as many conservatives seem to. I try to get my news from several sources and piece together the truth on my own, usually fox news, cnn, nbc, bbc, and whatever suits my fancy for the day. It’s almost impossible to find a news source with no spin, unless you’re in O’reilly’s no spin zone (cough cough… bullshit… cough cough) so I find it best to read it all and then try to weed out the facts.

Hackhunter,

I wonder how long America would have to struggle with similar problems, if a country like Colombia would become part of it practically overnight?

How about you travel to Germany for once?

How about visiting another country and learning it’s language in general? Have you actually been to Europe or, god forbid, an arabic land you happen to know so much about?

How about doing something else then just your usual combo of cheering your dumb president and complaining about the rest of the world?

[quote]Schwarzfahrer wrote:
Hackhunter,

I wonder how long America would have to struggle with similar problems, if a country like Colombia would become part of it practically overnight?

How about you travel to Germany for once?

How about visiting another country and learning it’s language in general? Have you actually been to Europe or, god forbid, an arabic land you happen to know so much about?[/quote]

I don’t know about Hack or HH, but right now, I’m too busy trying to understand my Hispanic, East Indian, Russian, Chinese, Japanese, Koreans, Iraqi, Germans, Swedish, and Dutch coworkers who immigrated here for a job than to go there to be unemployed or worse.

Maybe in about 25 yrs. when global warming heats up the Mediterranean and the Euro becomes worthless, Europe will be the hip place for Americans (of any national origin) to retire.

[quote]LBRTRN wrote:
Marmadogg wrote:
The unemployment rate reflects the number of Americans still able to collect unemployment.

The unemployment survey is not an accurate indicator of the number of Americans looking for work.

What? I’ve never heard that before.
According to the BLS:

Unemployed:
Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.

Employed:
Persons 16 years and over in the civilian noninstitutional population who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees; worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family; and (b) all those who were not working but who had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job. Excluded are persons whose only activity consisted of work around their own house (painting, repairing, or own home housework) or volunteer work for religious, charitable, and other organizations.

Those who are outside the labor force (full time students, retirees, etc.), aren’t counted as either.[/quote]

Who audits this survey?

It is a well know fact that our economy must produce at least 120K per month to keep up with new work force entrants.

The number of new jobs minus new entrants does not equal the number of unemployed falling off the unemployment survey.

These number just don’t add up.

No one with any reasoning ability would trade those 10% against americas crime and homicide rate. Everybody who wants to work finds a job.

Ive seen some of Americas inner citys, and yes, its very shitty there.

Yes, traveling to other countrys is actually possible, even for brain-washed Bush sheeple.

[quote]Schwarzfahrer wrote:
Hackhunter,

I wonder how long America would have to struggle with similar problems, if a country like Colombia would become part of it practically overnight?

How about you travel to Germany for once?

How about visiting another country and learning it’s language in general? Have you actually been to Europe or, god forbid, an arabic land you happen to know so much about?

How about doing something else then just your usual combo of cheering your dumb president and complaining about the rest of the world?

[/quote]

uh…i lived in saudi for a year and half and china for just less than a year. i speak mandarin (my wife is half chinese) and visit europe once every three or four years. i’ve been to germany, my brother studied there and speaks fluent german. anything else? what about you?

in the past five years i’ve been to thailand, malaysia, singapore, manchester and london,(england), scotland, ireland. i went to the olympics in athens and lifted in a meet in quatar. that good enough?

[quote]Headhunter wrote:
Good news. Let’s hope it continues!

http://money.cnn.com/2006/11/03/news/economy/jobs_october/index.htm?postversion=2006110308

4.4% is awesome!![/quote]

Yes, HH, the economy is soooooo bad. Yes, everyone who wants to work can work. The stock market is around 12,000 for the first time ever! Interest rates are very low. Incomes are up. And why is this so???

Thank you George W. Bush for the tax cuts and your managing of the U.S. economy.

[quote] And why is this so???
[/quote]

Its called “global economic upturn”.

[quote]Ken Kaniff wrote:

No one with any reasoning ability would trade those 10% against americas crime and homicide rate. Everybody who wants to work finds a job.[/quote]

That’s funny, the best and brightest from Europe do, and the socialist bureaucrats are struggling to stop the gray matter from leaking out of the hole they shot.

http://www.time.com/time/europe/magazine/printout/0,13155,901040119-574849,00.html

Not to poo-poo all of Europes’ best minds, but there is definitely a problem with the bureaucracy.