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Good jobs report
Tweet Topic Started: Feb 3 2012, 10:19 AM (31 Views)
HoosierLars Feb 3 2012, 10:19 AM Post #1
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http://www.forbes.com/sites/steveschaefer/2012/02/03/jobs-report-a-pleasant-surprise-as-u-s-payrolls-add-245k-workers/

Nice to beat expectations. Is history going to show that high deficit spending is good for the economy? I don't think so...
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Mr Gray Feb 3 2012, 10:36 AM Post #2
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HoosierLars
Feb 3 2012, 10:19 AM
http://www.forbes.com/sites/steveschaefer/2012/02/03/jobs-report-a-pleasant-surprise-as-u-s-payrolls-add-245k-workers/

Nice to beat expectations. Is history going to show that high deficit spending is good for the economy? I don't think so...
Lars, I would assume that you actually know better than to believe this trick math. We just had a RECORD 1.2 million workers drop out of the force in one month...that's 1.2million in one month.

This would be the equivalent of taking 2 games off of Purdue's total this year, but still using their win count to figure their percentage...just like that Purdue goes from a 68% winning percentage to 75%...but did they really just get that much better?

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The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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HoosierLars Feb 3 2012, 10:53 AM Post #3
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Adding more jobs is always a good thing.

I totally agree with you about the "unemployment rate" reported. When people give up and stop looking for work, the rate goes down. The politicians don't complain.
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dreachon Feb 3 2012, 11:14 AM Post #4
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The report Lars linked includes the caveat of $1.2 million dropping out of the workforce, so I don't think you have to worry about him being tricked by the numbers or anything.

On a side note, I imagine this trend will continue as the baby boomers start to retire. So another caveat is that "total persons not in labor force" should also be taken with a grain of salt.
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HoosierLars Feb 3 2012, 11:38 AM Post #5
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The number of unemployed Americans last month fell by 339,000, the fifth largest drop since January 2009. But there was an even much more shockingly large number -- almost 1.2 million additional Americans were classified in January as not being in the labor force (see figure here). Unfortunately, that has been the consistent story that has made this “recovery” unique as more and more Americans have just given up looking for work.
http://www.foxnews.com/opinion/2012/02/03/bad-news-behind-january-jobs-report/
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