I saw at least two arrogant condescending “freepers” last week poo-pooing any bad news because the economy (to them) is obviously improving.
They haven’t seemed to check in on this thread yet.
Found ‘em, cc’d here.
They derogatorily call our comments a “conspiracy theory”.
What they meant was more people gave up looking for work. Took awhile to learn how this administration talks but if you just assume everything has spin on it or is a lie or both it makes it easier to understand.
Any positive graphs are “pimped out” for obvious reasons by investment bankers and the like. Things maybe slightly improving, but the fundamentals are lacking (Especially with the current government’s “hand” on manipulating currency/regulations). Investment bankers still need to make money though, so accentuate the positives and downplay the negatives.
Here's the data from FRED:
I wasn’t “poo-pooing” [sic] the “bad news” because I think the economy is improving.
Rather, I was trying to point out the sadness of the paranoid thinking that the statisticians in the bowels of the BLS are on some sort of PR crusade to make the economy look better than it really is. The numbers are the numbers, they’re not misrepresenting them for politics, they’re doing the best they can.
Also, you should learn the difference between the weekly jobless claims data which is the gross data of new claims of benefits, and the monthly unemployment figure, which nets the newly hired from the newly jobless to come up with a “net” figure. That is the reason why you can have positive numbers in the “initial claims” data week after week, but in the monthly report show the non-farm payrolls rising.
I have to go poo-poo something else now, but I’ll be back later to check for your apology.