Booming jobs and falling gas prices make this the best economy in 15 years

[scottcarter]

http://www.ijreview.com/2015/02/246...ontent=conservativedaily&utm_campaign=Economy

Gallup CEO Jim Clifton started a firestorm this week with his article titled “The Big Lie: 5.6% Unemployment.” Clifton appeared on Fox News to discuss the topic:

“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.”
​

He gave 4 reasons in defense of his assertion:

1. If someone has not looked for a job in the last 4 weeks, they are not included.
2. If someone has worked at least one hour and are paid at least $20 for it, they are not included.
3. If someone works a part-time job, regardless if it is dramatic under-employment with regards to education or past-work history, they are not included.
4. Only 44% of adults are actually working, which Gallup defines as thirty or more hours a week.

He concluded:

“I hear all the time that “unemployment is greatly reduced, but the people aren’t feeling it.” When the media, talking heads, the White House and Wall Street start reporting the truth — the percent of Americans in good jobs; jobs that are full time and real — then we will quit wondering why Americans aren’t “feeling” something that doesn’t remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.”
​

Employment and jobs have polled at the top of a list of Americans’ concerns for quite some time. Likely, it was one of the main reason for the overwhelming Republican victory last November.
IJReview has chronicled the problematic calculation of the nation’s unemployment in a series of articles beginning a year ago, 11 months ago, in August, September, October, November, and two different posts lastmonth.

 

[brucefan]

Loved this stat

Only 44% of adult workers of employed more then 30 hours per week

Yeh, trade deficits exploding, debt exploding,Fed backed into a corner, inflation creating bond market, stock market, and real estate bubbles all that same time.


I thought the trillion dollar shovel ready stimulus package already passed was to repair our failing infrastructure. Do you not remember we already did that ?

Im sure you were a big supporter of cash for clunkers too, right up your alley

 

[akphidelt]

http://www.ijreview.com/2015/02/246...ontent=conservativedaily&utm_campaign=Economy

Gallup CEO Jim Clifton started a firestorm this week with his article titled “The Big Lie: 5.6% Unemployment.” Clifton appeared on Fox News to discuss the topic:

“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.”
​

He gave 4 reasons in defense of his assertion:

1. If someone has not looked for a job in the last 4 weeks, they are not included.
2. If someone has worked at least one hour and are paid at least $20 for it, they are not included.
3. If someone works a part-time job, regardless if it is dramatic under-employment with regards to education or past-work history, they are not included.
4. Only 44% of adults are actually working, which Gallup defines as thirty or more hours a week.

He concluded:

“I hear all the time that “unemployment is greatly reduced, but the people aren’t feeling it.” When the media, talking heads, the White House and Wall Street start reporting the truth — the percent of Americans in good jobs; jobs that are full time and real — then we will quit wondering why Americans aren’t “feeling” something that doesn’t remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.”
​

Employment and jobs have polled at the top of a list of Americans’ concerns for quite some time. Likely, it was one of the main reason for the overwhelming Republican victory last November.
IJReview has chronicled the problematic calculation of the nation’s unemployment in a series of articles beginning a year ago, 11 months ago, in August, September, October, November, and two different posts lastmonth.

The unemployment rate has never been a rate of those without jobs or unhappy with their current jobs. Not sure what this guy has been doing the last 50+ years of his life.

 

[SheriffJoe]

Keynesian economics is great...for food stamps:

20% of Americans are on food stamps because they can't even afford to feed themselves.

Things are great!

:neenee:

 

[brucefan]

And im being told that they key to getting people off food stamps, is to borrow and print a bunch of money , employee them all to build a bridge

Wow, finally found the long lost key to end poverty

 

[akphidelt]

Loved this stat

Only 44% of adult workers of employed more then 30 hours per week

Source for this statistic please. Because it definitely doesn't match the OECD data.

Yeh, trade deficits exploding, debt exploding,Fed backed into a corner, inflation creating bond market, stock market, and real estate bubbles all that same time.

Absolutely none of that has "exploded". Relatively nothing that has gone on in the past 8 years isn't in line with the past century.

I thought the trillion dollar shovel ready stimulus package already passed was to repair our failing infrastructure. Do you not remember we already did that ?

Im sure you were a big supporter of cash for clunkers too, right up your alley

It wasn't a trillion dollar shovel ready stimulus package. The small amount that it was did decrease unemployment though and added almost 1 million jobs. Just imagine how great it would be if it was actually a trillion dollars!

 

[SheriffJoe]

And im being told that they key to getting people off food stamps, is to borrow and print a bunch of money , employee them all to build a bridge

Wow, finally found the long lost key to end poverty

Yes, and dig lots of holes. Make sure to use spoons so the highly-skilled high-paying jobs last longer!

Even better, start preparing the country for a space alien invasion! :missingte

What a joke this kid is.

 

[akphidelt]

And im being told that they key to getting people off food stamps, is to borrow and print a bunch of money , employee them all to build a bridge

Wow, finally found the long lost key to end poverty

Nah, we can employ them to build lots of bridges, fix highways, railways, etc. You know... what we should be doing.

 

[SheriffJoe]

akphi-idiot-onomics:

 

[ScottL]

I give credit where credit is due -- Akphi just made 5 consecutive posts that did not include lol, lmao or hahaha. Kudos!!!

 

[brucefan]

Source for this statistic please. Because it definitely doesn't match the OECD data.


Absolutely none of that has "exploded". Relatively nothing that has gone on in the past 8 years isn't in line with the past century.


It wasn't a trillion dollar shovel ready stimulus package. The small amount that it was did decrease unemployment though and added almost 1 million jobs. Just imagine how great it would be if it was actually a trillion dollars!

http://theeconomiccollapseblog.com/archives/44-percent-u-s-adults-employed-30-hours-per-week

Jim Clifton, the Chairman and CEO of Gallup, says that the percentage of Americans that are employed full-time has been hovering near record lows since the end of the last recession.

Trade deficit for Dec jumped 17% to almost 47 billion , most since Nov 2012


The patient is dying

 

[SheriffJoe]

http://theeconomiccollapseblog.com/archives/44-percent-u-s-adults-employed-30-hours-per-week

Jim Clifton, the Chairman and CEO of Gallup, says that the percentage of Americans that are employed full-time has been hovering near record lows since the end of the last recession.

Trade deficit for Dec jumped 17% to almost 47 billion , most since Nov 2012

The patient is dying

The US had a great run, but it's over.

You just wonder if the Fed is going to attempt a controlled collapse before this bubble pops?

 

[akphidelt]

http://theeconomiccollapseblog.com/archives/44-percent-u-s-adults-employed-30-hours-per-week

Jim Clifton, the Chairman and CEO of Gallup, says that the percentage of Americans that are employed full-time has been hovering near record lows since the end of the last recession.

Trade deficit for Dec jumped 17% to almost 47 billion , most since Nov 2012

The patient is dying

Like I said... you guys should stop reading .com sites for your information. That's what gets you to thinking gold will be $5,000... lmao. So do they mean 44% of anyone 18 and above regardless if they are employed or not? That's a rather meaningless stat. The BLS has 80% of employees working 35 hours or more. The OECD has 87% of employees working 30 hours or more.

And then as to the Gallup CEO... he really doesn't seem to be talking about the real world. One of your types I guess... lol. This shows full time employment % has steadily increased since the Great Recession ended.

Embarrassing. I'll accept your apology in advance.

 

[akphidelt]

It's hilarious how they manipulate data to the point they act like the United States is a 3rd world country. There is nothing going on right now that is relatively worse than anything we have faced in the last century. Does not mean the economy is good... but what us economists mean by "good" does not mean anything that these guys are talking about, lol.

You guys will continue to be wrong the rest of your lives. Part of the reason is you guys are just plain nut jobs who want to pretend the country is failing because some weird infatuation with hating the Government, but the biggest part is you are just not educated enough to come to the epiphany that you are retarded and everything you believe is just made up in your heads and has nothing to do with reality. We call these people insane.

 

[BleedingPurple]

Joe you say it's a Micky D's and Wal Mart recovery? So are you saying that there have been an increase in McDonalds and Wal Marts with a big hiring boom?I mean how many people can on McDonalds employ? Meaning if its a Mic Ds recovery then it must have been a McD's collapse?

This is a question for the board. How many people do you know who are unemployed and how many employed people do you know who aren't working more than 30 hours a week? That 44% seems like a bad number cause everyone I know works more than 30 hours and as far as unemployment goes I do not know many who do not have decent jobs but hey that's just me and my area.

 

[akphidelt]

Joe you say it's a Micky D's and Wal Mart recovery? So are you saying that there have been an increase in McDonalds and Wal Marts with a big hiring boom?I mean how many people can on McDonalds employ? Meaning if its a Mic Ds recovery then it must have been a McD's collapse?

This is a question for the board. How many people do you know who are unemployed and how many employed people do you know who aren't working more than 30 hours a week? That 44% seems like a bad number cause everyone I know works more than 30 hours and as far as unemployment goes I do not know many who do not have decent jobs but hey that's just me and my area.

I know at least 2. My 95 and 80 year old grandmas. You gotta watch out for conservatives and libertarians. There is always some kind of manipulation behind what they say. According to the OECD, over 80% of employees work over 30 hours. The numbers brucefan and Joe are using is just "adults". So anyone 18 and over I imagine regardless of them being in college, jail, or retirement. Kind of misleading.

 

[Acebb]

Is this guy for real ??

Considering he posted a graph pretending that there is some causation between government spending and economic growth, no.

 

[Acebb]

You really shouldn't discuss economics with me. You are laughably ignorant. You don't even know what liquidate means, you think Hitler is a socialist because he siad so, you don't understand what "very likely" means, you fail at basic math... it's just not even fun anymore. I honestly think Sheriff Joe is smarter than you, lol. And that is crazy, because he is real life retarded.

Don't worry, dumb fuck. You can't respond with anything but stupid lies because your incoherence is on exhibition for all to see.

 

[Acebb]

You really shouldn't discuss economics with me. You are laughably ignorant. You don't even know what liquidate means, you think Hitler is a socialist because he siad so, you don't understand what "very likely" means, you fail at basic math... it's just not even fun anymore.

Note that none of that is true, Paul. You're a fucking liar, Paul.

And, I'm not the one who laughably posted a graph pretending there is some causation between government spending and economic growth.

It is beyond comical you actually believe you are "discussing economics." You literally have no idea how the economy works, how businesses are run, and obviously you are cluesless regarding incentives. You have never had a real job, never ran a business, hired anyone, fired anyone, and never will.

But you will keep posting stupid lies here at all hours of the night on a Saturday.

Loser.

 

[Acebb]

Not great in terms of what we needed, but did create million+ jobs, because it was about $280 billion spread out over 2 years. Which is peanuts in the grand scheme of things.

^ Absolute lie.

It didn't create any jobs as the UE rate went up and labor participation rate went down.

You are a comical dumb fuck. You do nothing but lie on this Web site all day and night.