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Jase

Jobless rate falls to 7.8%

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I heard they were shipping it to a Muslim country...

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Found this interesting

If the same % of americans were participating in labor force (either holding a job, or attempting to find a job) as when Obama took office, the unemployment rate would be 10.7%.

So for those of you balking about all of the people who have given up not being counted, that effect on the rate is almost 3%.

romerbernsteinseptember20122.jpeg

Is % of American population really a fair comparison? The fastest growing segment of the U.S. population is people over 65. Retirement takes many of them out of the workforce. This segment has grown by more than 15% since 2000 and the rate of growth is increasing more rapidly now.

Maybe the study accounts for that, I don't know. If it doesn't, then that is not really a fair representation either.

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Is % of American population really a fair comparison? The fastest growing segment of the U.S. population is people over 65. Retirement takes many of them out of the workforce. This segment has grown by more than 15% since 2000 and the rate of growth is increasing more rapidly now.

Maybe the study accounts for that, I don't know. If it doesn't, then that is not really a fair representation either.

The proportions would have remained the same respective to the overall population. Hence, the reason we use percentages rather than straight counts.

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The proportions would have remained the same respective to the overall population. Hence, the reason we use percentages rather than straight counts.

Not necessarily, you would have to take population dynamics into account. Baby boomers and all that

us-population-pyramid.jpg

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2012-10-10-chart_spending_growth.jpg

Very misleading. Example....Clinton's 3.2 spending....came about because of the elections of 1994. Newt Gingrich and Bob Dole led the charge to balance the budget, not Clinton.

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Not necessarily, you would have to take population dynamics into account. Baby boomers and all that

us-population-pyramid.jpg

The work force ages (15-55) looks pretty steady to me. How is this pattern different from previous decades?

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Want something to spur your conspiracy theories?

339K weekly jobless claims being spread over news currently which looks a tic better than the normal 375k.

This week however, some states did not report, so there is no recording of their claims, so they just go with the incomplete report like it is normal. Yeah, can't be October now can it.

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Bill Clinton: “We need a Congress that loves it when unemployment drops”

Good quote that cuts to the heart of the matter. Instead of getting poo done and trying to lower unemployment, our obstructionist congress is actually upset about it.

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