Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bifrucation of Jobs Adds to Confusion
Townhall.com ^ | May 6, 2014 | Charles Payne

Posted on 05/06/2014 4:50:22 PM PDT by Kaslin

The market continues to grapple with the meaning of Friday's jobs report, which was really much like Dickens' novel: The best of times and worst of times.

288,000 jobs created are huge in the context of the current recovery, but 806,000 leaving is an even bigger headline. Hourly earnings didn't budge, and that's alarming, even if it does buy the Fed more time to keep rates low. The fact is that the economy struggles against headwinds out of its control. Those pressures are two-prong:

* Fiscal policy designed to harm success * The Dropout Nation where more and more Americans toss in the towel

The week after the jobs report is released is typically a dud as most big earnings are out and key economic data has to wait another four weeks. The bias will be to the downside, although there's no sense of panic. On that note, the high-flying tech names will have to make yet another stance and there's no doubt that the issues in Ukraine are becoming harder to ignore.



TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS:

1 posted on 05/06/2014 4:50:22 PM PDT by Kaslin
[ Post Reply | Private Reply | View Replies]

To: Kaslin

Please forgive me, I can’t help myself; BIFURCATION not bifrucation.


2 posted on 05/06/2014 4:56:41 PM PDT by erkelly
[ Post Reply | Private Reply | To 1 | View Replies]

To: erkelly
bi-fruc-ation?

Two kinds of fructose?

3 posted on 05/06/2014 4:58:47 PM PDT by who_would_fardels_bear
[ Post Reply | Private Reply | To 2 | View Replies]

To: Kaslin

Red jobs and Blue jobs.


4 posted on 05/06/2014 4:59:06 PM PDT by who_would_fardels_bear
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

After five years Obama’s commissars have taken political control of virtually all Federal bureaucracies. That is why it is not possible to believe any data or statistics that is being released by the Federal government.


5 posted on 05/06/2014 5:01:06 PM PDT by allendale
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

More jobs, but fewer working. What that means is that people are replacing one full time job with two (or more) part time ones. Of course, the Obama’s (and their drive-by partners) will consider this ‘success’.


6 posted on 05/06/2014 5:03:42 PM PDT by fhayek
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin
288,000 jobs created are huge in the context of the current recovery, but 806,000 leaving is an even bigger headline. Hourly earnings didn't budge,

Alright, somebody help me with the implications of the math, here. "Leaving" is essentially either retiring or falling off the unemployment rolls, whether that's going on disability, public assistance of some form, or resorting to living under a bridge or something. So, as impressive as it's supposed to be, 288,000 jobs "created" fell into the maw of over a million, less retirees, therefore that leaves the 806,000?

How atypical is 806,000 in the context of the time frame? "Leaving" means that they're no longer part of the calculus due to no longer being eligible for unemployment benefits, correct? So, the 288,000 "created," did it make a dent in this number meaning it would have been worse, or are these "created" jobs going to recent graduates and other new entrants into the job market?

It's just the most bizarre thing being spun as a positive and used to show a decline in unemployment but no matter how I cut it, it still looks as if over three quarters of a million people fell out of the labor market in a single month and it could have been over a million. That's not a positive statistic, that's a scary statistic.

7 posted on 05/06/2014 5:18:37 PM PDT by RegulatorCountry
[ Post Reply | Private Reply | To 1 | View Replies]

To: erkelly

In kaslin’s defense, the headline was taken exactly as posted at Town Hall.


8 posted on 05/06/2014 5:28:24 PM PDT by upchuck (Support ABLE, the Anybody But Lindsey Effort. Yes, we are the ABLE!!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Kaslin

According to Sean Hannity today over 200,000 of the 288,000 jobs were “invented jobs” by the Labor Dept. and not real jobs.


9 posted on 05/06/2014 5:30:31 PM PDT by Laserman
[ Post Reply | Private Reply | To 1 | View Replies]

To: erkelly

It’s spelled the same at the site.


10 posted on 05/06/2014 5:34:37 PM PDT by gitmo (If your theology doesn't become your biography, what good)
[ Post Reply | Private Reply | To 2 | View Replies]

To: erkelly

And the graphics have no relationship to the story.


11 posted on 05/06/2014 5:35:38 PM PDT by gitmo (If your theology doesn't become your biography, what good)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RegulatorCountry

I think you should read this:http://www.zerohedge.com/contributed/2014-05-05/jobs-report-was-fact-disaster


12 posted on 05/06/2014 5:37:27 PM PDT by fhayek
[ Post Reply | Private Reply | To 7 | View Replies]

To: Laserman
According to Sean Hannity today over 200,000 of the 288,000 jobs were “invented jobs” by the Labor Dept. and not real jobs.

What does THAT mean?

13 posted on 05/06/2014 5:38:03 PM PDT by gitmo (If your theology doesn't become your biography, what good)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Kaslin

I’m still looking and “no longer tallied” by the system.


14 posted on 05/06/2014 5:41:42 PM PDT by a fool in paradise (The new witchhunt: "Do you NOW, . . . or have you EVER , . . supported traditional marriage?")
[ Post Reply | Private Reply | To 1 | View Replies]

To: gitmo

Much of the hullabaloo about the jobs numbers is that the weekly reports are “seasonally adjusted”. I think the adjustments are not accurate and are responsible for much of the changes in numbers hired. You would need to dig into the report to get the unadjusted numbers, but the headline numbers are almost always the adjusted numbers.


15 posted on 05/06/2014 5:47:21 PM PDT by Fraxinus (My opinion, worth what you paid.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Fraxinus

Thanks, Fraxinua.


16 posted on 05/06/2014 6:09:34 PM PDT by gitmo (If your theology doesn't become your biography, what good)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Kaslin

And stocks at record highs. Madness.


17 posted on 05/06/2014 7:12:25 PM PDT by SkyPilot
[ Post Reply | Private Reply | To 1 | View Replies]

To: erkelly

It was mis-applied, as well as misspelled.

I expected this article to be about folks who now have to work TWO jobs to make ends meet.

Sure, the total job NUMBERS go up; but NOT the total amount of workers!


18 posted on 05/07/2014 2:44:55 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: fhayek

WHY don’t I EVER read ahead??


19 posted on 05/07/2014 2:45:38 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Fraxinus
Much of the hullabaloo about the jobs numbers is that the weekly reports are “seasonally adjusted”.

Sounds like the rationale for raising gas prices:

It's merely a temporary increase, due to change over to the winter blend.


...six months later...


" It's merely a temporary increase, due to change over to the summer blend."

It's NEVER temporary!
20 posted on 05/07/2014 2:49:37 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Kaslin

In the future, merely having a job will be considered as being “rich”. (Thanks to Obama and his policies)


21 posted on 05/07/2014 3:04:50 AM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: fhayek

Did not know this....zero hedge is pretty good at explaining things the MSM will not:

Put it this way. If you go from one solid full time job to working as a waiter, cab driver, and tossing pizzas, the establishment survey will show that the economy created TWO jobs (one job lost plus three started= two jobs net) whereas the household survey will show NO growth (one person lost a job and started working elsewhere).

With this in mind, you should be paying attention to the household survey. The household survey shows 73,000 jobs were LOST. This negates the claim that 288,000 were created.


22 posted on 05/07/2014 3:07:03 AM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Fraxinus
Good gladiatorial screen name. Latin or Greek? IIRC the suffix, with a short "i", is Greek, like prasinus.
23 posted on 05/07/2014 4:43:01 PM PDT by lentulusgracchus
[ Post Reply | Private Reply | To 15 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson