nochain wrote:About as in-depth as you read mine - but in the big scheme of things, it just doesn't matter what either of us thinks does it? Fact of the matter is unemployment is still sky high - what, 7.8% of the labor force right now? With a big assist from those kind enough to stop looking in the last 4 weeks.....
But everything is "improving" - right?
You sure set the bar low for defining improvement.
I asked you if you read my post because your response clearly indicates that you didn't. It was a rhetorical question. You basically responded to something that I never said or implied.
Another point worth mentioning is that it seems as if any time you stray outside your usual animated smilies and instead try and wade into the realm of facts, you show yourself to be completely out to lunch.
For example: Here you are saying that the recent unemployment numbers were helped out by "those kind enough to stop looking in the last 4 weeks". You are essentially implying that people dropped out of the workforce and that is why the unemployment rate fell. In reality, the exact opposite occurred:
Here is the relevant data from the employment situation release.
http://www.bls.gov/news.release/empsit.a.htm
Have a look at the "Not in labor force" line. You will see that that number actually fell by 211,000. This means that reality is exactly the opposite of what you are claiming here. Next, have a look at the civilian labor force. It increased by 418,000. Again, the exact opposite of what you are saying. Now have a look at the participation rate. It increased by 0.1%. Again, the exact opposite of what you are saying. Now, granted, workers have become discouraged and have dropped out of the labor force all together over the course of this recession, though that certainly isn't what happened in the last employment situation release.