Posted on 03/04/2012 9:25:54 PM PST by Bobbys1963
The recent sudden drops in both initial unemployment insurance claims and unemployment rates have generated a slew of positive news stories and lifted White House spirits. Fox News contributor and former Clinton pollster Doug Schoen even writes about the “high-fiving in the White House.”
But other numbers show a much weaker job market and economy; the average unemployment duration remains near its all-time high, hiring is stuck near record lows, and there are almost 3 million workers in part-time rather than full-time jobs. Further, GDP grew just 1.7% last year and few new companies are being started.
So which scenario is right?
First, let us set one thing straight. The apparent contradiction between a falling unemployment rate and other indicators isn’t because the Obama administration “manipulates numbers to get [the] unemployment headline under 9%” as Rush Limbaugh claims. The current "recovery" is so unusual that the normal rules for relating the unemployment rate to other labor market indicators don’t hold; indeed those rules can be quite misleading.
Take initial unemployment insurance claims. . . .
(Excerpt) Read more at foxnews.com ...
Hello Newbie! Welcome to FreeRepublic!
“The recent sudden drops in both initial unemployment insurance claims and unemployment rates have generated a slew of positive news stories and lifted White House spirits. Fox News contributor and former Clinton pollster Doug Schoen even writes about the “high-fiving in the White House.”
Look at the Leading Economic Index.Leading indicators are indicators that usually change before the economy as a whole changes.They are able to predict the economy six to nine months.
http://useconomy.about.com/od/glossary/g/Leading_Indicat.htm
Good graphic
Welcome to FreeRepublic newbie
“Look at the Leading Economic Index.Leading indicators are indicators that usually change before the economy as a whole changes.They are able to predict the economy six to nine months.”
Huh?
I could hit you in the head but then mulder would have me killed.
Here is a beginners guide to Economic Indicators
http://economics.about.com/cs/businesscycles/a/economic_ind.htm
So, like the Global Warming scam, B(l)S doesn't cook the books; but "adjusts" the numbers by a secret amount; using a secret formula; and in such a way that 'recovery' is favored (and at the other end, drops are 'smoothed' & hidden), using cherry picked picked data + "secret sauce".
Got it: Rush is wrong, even though he's really right.
“Saint Michael the Archangel, defend us in battle; Be our protection against the wickedness and snares of the devil.
May God rebuke him, we humbly pray: and do thou, O Prince of the heavenly host,
by the power of God, thrust into hell Satan and all the evil spirits who prowl
about the world seeking the ruin of souls. Amen”
okay
As I remember my history correctly, the patron saint of the Knights Templar was Saint Michael.If I am also correct, during the end times St Michael will be leading God’s warriors into battle and defeat Satan.Saint Michael is an archangel and his name means “He who is like God.”
Pope John Paul II who encouraged the Catholic faithful to continue to pray to Saint Michael, saying: “I ask everyone not to forget it and to recite it to obtain help in the battle against forces of darkness
Truth, honesty, all those deadly important skills..
Hmmmm. Or could it be that they Baraqs just removed 1.2 million voters, I mean workers?
Pope John Paul II who encouraged the Catholic faithful to continue to pray to Saint Michael, saying: “I ask everyone not to forget it and to recite it to obtain help in the battle against forces of darkness
I know you are correct. I also believe with you.
His response was that if the best IPO the American economy can produce is essentially an "internet time waster" then we're in trouble.
The methods have been in place for a long while. The discouraged worker was added in the early 90’s and accounts for most of the disparity between the reported unemployment rate and the actual rate.
The actual rated is published btw but its not the most reported and much lower headline rate.
Whether the data inputted is accurate is another question but the formulas have been around.
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